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Subject: re : weather and energy price data mulong wang on 04 / 24 / 2001 10 : 58 : 43 am to : cc : subject : re : weather and energy price data hello , elena : thank you very much for your data . i sent an email to ft but had no response so far . as soon as i got their permission i will let you know . have a great day ! mulong on thu , 19 apr 2001 elena . chilkina @ enron . com wrote : > > mulong , > > please find attached a file with henry hub natural gas prices . the data > starts from 1995 and given on the daily basis , please let us know when we > can proceed with electricity prices . > > sincerely , > elena chilkina > > ( see attached file : henryhub . xls ) > > > > > > > vince j kaminski @ ect > 04 / 16 / 2001 08 : 19 am > > to : mulong wang @ enron > cc : vince j kaminski / hou / ect @ ect , elena chilkina / corp / enron @ enron , > macminnr @ uts . cc . utexas . edu > > subject : re : weather and energy price data ( document link : elena > chilkina ) > > mulong , > > we shall send you natural gas henry hub prices right away . > please look at the last winter and the winter of > 95 / 96 . > > we shall prepare for you the electricity price > information ( cinergy , cobb and palo verde ) but > you have to approach ft ( the publishers of > megawatts daily , a newsletter that produces the price > index we recommend using ) and request the permision > to use the data . we are not allowed to distribute > this information . > > please , explain that this is for academic research and that > we can produce the time series for you , > conditional on the permission from the publishers > of megawatts daily . > > vince kaminski > > > > 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: option pricing discrepancy for j . c . penny transaction amitava and seksan have identified the source of the discrepancy between the option prices calculated by the credit - reserve model and the stand - alone spreadsheet model used in deal pricing . the discrepancy can be traced to differences in input variables of the two models and not to any algorithmic differences . the options being priced are a strip of options on monthly instruments . the credit reserve simulation program calculates the time to expiration by assuming that the option expires on first day of the contract month of the underlying contract , which is a very reasonable assumption . the stand - alone option pricing spreadsheet allows specification of the option expiration date independent of the contract month of the underlying . in the jc penney transaction , the monthly options were assumed to expire in the middle of the contract month , when in reality the underlying monthly contracts expire before the start of their respective contract months . the stand - alone spreadsheet model allows such specifications and it is up to the user to ascertain that the expiration dates entered are legal . at present , seksan is ascertaining that the option contracts involved are in deed monthly options and not a strip of daily options , in which case we would require estimates of intramonth volatilities for both the spreadsheet model and the credit reserve model . regards , rabi de | 0 |
Subject: re : interview with rabi s . de on friday , august 11 , 2000 anita : i believe that zimin was the one that asked me to bring him in . maybe you can check with him as to whether there is anyone else he wants you to include . thanks ! anita dupont @ enron 07 / 31 / 2000 10 : 26 am to : vince j kaminski / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : interview with rabi s . de on friday , august 11 , 2000 vince : shawn grady from hr staffing called me and asked me to schedule interviews with the people in research . he also mentioned that i should email you to find out if you want anyone from any other department to interview rabi . i am currently scheduling interviews with you , krishna , grant , stinson , zimin and vasant . is their anyone else in research that you want to interview him ? please get back to me and i will set up the appts . thanks . anita | 0 |
Subject: re : b 2 b at enron tom , greg ' s phone number is 713 853 5220 . he is very difficult to reach ( frequent trips ) . you may find this information useful : greg is a west point graduate and spent a few years in the military , before obtaining an mba from stanford . he is a very dynamic person and a very pragmatic thinker . i hope you have a great holiday weekend . vince " piazze , thomas " on 06 / 29 / 2000 08 : 51 : 48 am to : " ' vince j kaminski ' " cc : " gerrity , thomas " , " lohse , gerald lee " , " wind , yoram " , " harker , patrick " , " amit , raffi " , " ' shankman , jeff ' " , " macmillan , ian " subject : re : b 2 b at enron vince : thanks for this message and update on your recent actions to establish a closer research relationship between enron and wharton . we are anxious to work with your firm on many fronts and appreciate all that you and jeff shankman are doing to facilitate closure on a number of initiatives . the below article is very interesting and reinforces the entrepreneurial culture of enron ; it also points out one more reason why our faculty is so interested in collaborating with you and other executives as the company moves into this new space . i would like to call greg whalley after the 4 th of july weekend to establish contact and begin a dialogue regarding his interest in joining our efforts as a corporate partner . will you please provide me contact information ? please let me know if there is any additional information or material you will need prior to your meeting with jeff skilling . we are anxious to learn how he responds to your suggestions . thanks again for all that you are doing . hope you have a great 4 th of july ! ! tom > - - - - - original message - - - - - > from : vince j kaminski [ smtp : vince . j . kaminski @ enron . com ] > sent : wednesday , june 28 , 2000 9 : 53 am > to : piazzet @ wharton . upenn . edu > cc : vince j kaminski > subject : b 2 b at enron > > > > tom , > > i am sending you the information about our new b 2 b unit . > i have talked yesterday with greg whalley who is heading the new > unit about the e - commerce project at wharton and recommended that enron > join > this program . > > i have sent him this morning a copy of the materials you gave me . > > the meeting with jeff skilling has been pushed till the 2 nd half of july . > i talked to him briefly twice that jeff shankman and i want to discuss > with > him building a relationship with wharton . jeff shankman is , by the way , a > great > friend of > your institution . > > > vince > > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > * * * * * * * * * * * * * * * * * * * * * * * * * * * > > companies & finance : the americas : enron sees bricks and > bytes mix reshaping energy market : purchase of mg > only a > start in > building b 2 b platforms , writes hillary durgin : > > > > > companies financial times ; 16 - jun - 2000 12 : 00 : 00 am ; > 604 > words > by hillary durgin > > if jeffrey skilling is right , > > enron ' s acquisition of mg is only the tip of the > iceberg . > enron ' s president and > chief operating officer is engineering a fundamental > strategy shift at the > houston energy company , aimed at making it a dominant > " new > economy " > player across various industrial markets . > > the dollars 446 m acquisition last month of mg , the > uk - based > metals trader , > is only the first of more than dollars lbn in > estimated new > investments the > company is targeting . it is seeking vehicles on which > to > build > business - to - business ( b 2 b ) platforms in sectors such > as > logistics , chemicals , > agricultural products and pulp & paper . > > mr skilling wants to take the business model the > company > developed in > natural gas and power and apply it to other wholesale > commodity markets . he > argues the electronic platforms it creates will not > only > become the principal > b 2 b sites for those sectors , but reshape those > industries . > > as an example , he points to enron ' s new e - commerce > platform , > enrononline , > which has changed the way the company does business > with its > customers > while significantly increasing sales . > > the company - the largest wholesale merchant of > natural gas > and power - saw > wholesale , physical deliveries of natural gas surge 53 > per > cent in the first > quarter . > > critics argue that enron ' s move away from its familiar > energy business into > new industries , where the learning curve is steep and > the > competition > entrenched , is risky . yet a number of industry > analysts > point out enron has > proved it understands markets and how to manage risks > while > becoming the > largest importer of coal in the uk , the largest trader > of > gas and power in the > us and grabbing an advantage in bandwidth . > > " it ' s a prudent strategy , but it ' s got to be done in > an > orderly way , " says ronald > barone , analyst with paine - webber in new york . " what > they ' re > doing here is > what they ' ve been incredibly successful at doing , " he > adds , > noting that enron > posted dollars 1 . 3 bn in earnings before interest and > taxes > ( ebit ) from its > wholesale energy and services business in 1999 , up 34 > per > cent from the > previous year . > > earnings from that division accounted for two - thirds > of the > company ' s overall > income before interest and taxes last year , and mr > barone > sees the unit ' s ebit > increasing 15 - 30 per cent annually over several years . > > as with gas and power and now broadband , where enron > is > standardising > contracts and creating a market in bandwidth , it wants > to > create markets by > entering as a physical player and providing merchant , > risk > management and > financial services over the internet . > > " we will provide electronic commerce , but we will > provide > liquidity and we will > provide settlement , or fulfilment of that contract , " > mr > skilling says . " that is an > extremely powerful model . if you look at other b 2 b > sites , > they don ' t do that . " > > mr skilling argues enron ' s e - commerce platform will > triumph > over the other , > bulletin board - type exchanges , where striking a deal > depends > on two parties > hooking up and working through uncertainties over > timing , > price , credit and > fulfilment . > > not everyone shares that view . some energy companies , > for > example , would > rather not do business with a competitor . bp amoco > recently > purchased a 3 > per cent stake in altra energy technologies , a > houston - > based , neutral > wholesale energy exchange . with koch industries and > american > electric > power , it also committed to carry out a fixed volume > of > transactions on the > site to lend it liquidity . > > just as in gas and power and now broadband and metals , > enron > believes it > needs networks of strategic physical assets . in > acquiring > mg , enron got a > stable of warehouses , lending it a strong physical > position . > > > " it should provide ( mg ) with a more vibrant , more > active > physical spot market > in more markets in the world , " says greg whalley , > chief > executive officer of > enron net works , the new division enron is launching > to > identify and enter > commodity markets . he argues that in metals and other > markets , enron will > deliver better pricing , price risk management > services , > cross - commodity > transactions and flexible transactions for a wider > range of > customers . > > mr skilling says there are significant rewards for > restructuring an industry . > > " if you can take that platform , and you use the > capabilities > the bricks bring to > the table , e - commerce the industry and change the > structure , > you ' re selling for > more than a 50 multiple . " > > copyright , the financial times limited > | 0 |
Subject: a & a math majors vince , thank you so much for meeting with me friday morning about the research group . after leaving your office , i remembered an issue i have had with the analyst & associate program that might be of interest to you . during a texas a & m recruiting meeting , i learned that we have expanded our list of majors to include computer science . i wondered why math majors were not mentioned , and was told that there was not a business need for math majors . like liberal arts majors , they said math majors were only considered on a person by person basis . in my opinion , math majors have many of the same skills as finance majors , and can easily adjust to accounting rotations as well ( i did last summer , and finance majors in the program are forced to every year . ) i think that enron is missing out on many qualified candidates by limiting their recruitment effort . at texas a & m the career center asks companies for a list of majors they are targeting , and only allows those majors to sign up for interviews through the career center . i sent my resume to enron and asked to be included in the interview process on campus . however , many other math majors had not heard of enron or the other companies , and assumed that there was no place for a math major at a company like enron . many math majors want to continue their education , become teachers , or work for an actuarial firm . however , many are undecided . we are constantly told of the many business possibilities available to math majors by our teachers and staff , but many undergraduates are still not sure exactly what math majors can contribute in a business environment . by not mentioning math majors to the career center ( a very simple and inexpensive step ) , enron is losing out on a very talented pool of people . while it would be nice to get the math majors that knew about enron already , had thoroughly researched all companies and determined that math majors would fit perfectly , and went the extra step to send enron their resume outside the career center system , there are many qualified students who do not do this , and opt for other companies who did mention math majors . i called a manager in the a & a program to suggest that we consider at least mentioning math majors to the career centers . i realize that it may cost more to actively pursue them , talk to teachers , and attend math society events . however , i told her that including them at the career center would be very inexpensive for enron . she reiterated that they saw no business need for math majors , and that if more upper level people began requesting them , it would be considered . i searched for " mathematics " on the enron job website , and had a surprising number of results . i know that your group could use math majors as well . however , this still may be too small a number to merit a focus from the a & a recruiting department . i just wanted to bring it to your attention in case it was something that you felt should be changed . thanks , heather johnson x 53240 | 0 |
Subject: re : nikkei and pko - - - - - - - - - - - - - - - - - - - - - - forwarded by leann walton / na / enron on 10 / 26 / 2000 10 : 48 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : darren delage @ enron on 10 / 24 / 2000 02 : 30 pm ze 9 to : maureen raymond / hou / ect @ ect cc : subject : re : nikkei and pko this information has been most useful ! thank you maureen and please keep me informed of any changes in pko policy , as we are right at levels were everyone is watching for intervention . | 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 crenshaw , shirley j wincenty j kaminski oct 26 , 2000 kindall , kevin vasant shanbhogue oct 30 , 2000 lamas vieira pinto , rodrigo david port oct 31 , 2000 supatgiat , chonawee peyton s gibner oct 27 , 2000 tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 villarreal , norma e sheila h walton oct 26 , 2000 walton , sheila h david oxley oct 27 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 yuan , ding richard l carson oct 31 , 2000 | 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: right of first refusal pricing lorrian and michel , the rofr option , which grants the shipper the right to lock in the transportation rate ( max rate ) for next a few years , is priced as a spread swaption . i priced two scenarios for you : the strip starts 1 ) nov . 1 - 00 and 2 ) nov . 1 - 01 . for the first one i assume that the shipper makes decision on oct . 31 , 00 ( 54 days to maturity ) and on oct . 31 , 01 ( 419 days to maturity ) for the second case . the second case has longer time to expiration , therefore larger option time value . see the attached spreadsheets for more detail . let me know if you have any questions . zimin | 0 |
Subject: re : ebs var transaction policy i have two things biting me . first is time . i need to turn a draft for hannon and rice asap . so , the value of a deliberative approach to coming up with a v @ r policy will quickly evaporate if we take 2 weeks to study what the policy should say . second , i have a unique situation . our concept of v @ r is really unlike the rest of enron ' s today . what happens today is that network engineers unilaterally make decisions about deployment , configuration and other matters which effect the longs and shorts of our asset / contract portfolio that they view strictly from a network operating standpoint . a good example was a decision to move our primary terapop ( three large servers storing 165 gigabytes each ) from portland to la . the servers are already in place and purchased , so no capital was involved . but the decision has huge ramifications on the future la / new york and other bandwidth usage , and that cost money . now it could be that the la / new york cost is cheaper than the portland / new york cost , the whole point is no one knows . what our " value - at - risk " policy attempt to corral is these types of decisions and put them into the hands of the risk management group , where the decision will be made with at least some economic work behind it . i really see the ebs v @ r policy to be misnamed , since we don ' t really have the math done to calc v @ r . it really is a volumetric - based control policy that says you can ' t make network changes over xx amount of megabytes ( a storage measure ) or oc - 3 equivalents ( a bandwidth measure ) without risk management making or approving the decision . i do believe that with research ' s help , we can in time actually calculate the v @ r impact of such decisions . at that time , the policy should be modified to set metrics based on the v @ r calculations . so if you have an open enough mind to let us co - op your word for a minute , we need to start turning the minds of the network industry people into thinking about their decisions as having value effects . said directly , kevin hannon has given me authority to write a policy to move control over significant network changes from the field to the trading floor , and i am going to issue something now to effectuate that . . . . . . so . . . i really want your views on what we are doing , but thought you needed some flavor and an sense of the urgency . if you can weigh in , do so quickly . . . . . barry pearce 06 / 30 / 00 04 : 47 am to : john echols / enron communications @ enron communications , lou casari / enron communications @ enron communications cc : subject : re : ebs var transaction policy positive . . . . - - - - - forwarded by barry pearce / enron communications on 06 / 30 / 00 04 : 49 am - - - - - ted murphy @ ect 06 / 29 / 00 11 : 33 am to : barry pearce / enron communications @ enron communications @ enron cc : subject : re : ebs var transaction policy barry , conceptually , i see no reason that a process like this can not be implemented . in some way we have attempted to do so through the enron corp transaction approval process ( tap ) . i have forwarded to john a copy of this , along with the risk management policy . i ' ll let him share with you if ok ( i really don ' t want to act as the firm ' s in - house kinko ' s ! ! ) . we have taken the first step and done poorly on follow - up steps to create a very easy to follow process for anything other than direct funded capital . however , some process around a greater number of assets / deals is better than none . i agree that i have not seen a really good fully baked one implemented , but i think it is wrong not to try . the only concerns i have is that , given that we want to have " standard " metrics and approval processes around the firm , ebs creates a process / metric which is complementary to and integrates with processes / metrics that the other business units are subjected to . ted barry pearce @ enron communications 06 / 29 / 2000 09 : 09 am to : stinson gibner / hou / ect @ ect , dale surbey / lon / ect @ ect , ted murphy / hou / ect @ ect cc : lou casari / enron communications @ enron communications , john echols / enron communications @ enron communications , jim fallon / enron communications @ enron communications subject : ebs var transaction policy hey you guys , we are trying to implement a ' var transaction ' policy - and would like your opinion . this is going to be tough - because i ' m not sure we have implemented a similiar policy across any of our other ' books ' - that is - we looking to bring in all the accrual / operational assets as well as the mtm stuff ( lambdas ) . to have a real - live ' configuration ' of the system . if assets / routes / servers etc . . . are added - what is the impact on the ' value ' of the system and what it ' s worth . john has attached a draft below - for your review and thoughts . i can see how this works in a trading environment - when you actually know the var of your whole trading portfolio . however - i ' ve not seen this done with a mixture of mtm & accrual assets . add the spice of a ' operational system ' valuation - and this will be tough to quantify and model . step 1 - configure system and value it step 2 - calculate a var on this . we will need to do some work here ! step 3 - calculate the incremental var of new deals / amendements / reconfigs etc - tough . . . . see what you think ? b . john echols 06 / 28 / 00 05 : 41 pm to : jim fallon / enron communications @ enron communications , barry pearce / enron communications @ enron communications , lou casari / enron communications @ enron communications cc : subject : policies here is a first rough draft of a " value @ risk " transaction policy . i would like you to start looking at where we are going on the policy and get some early thinking going on limits for the v @ r . for example , should we effectively shut down all server relocations without approval , or allow some level of mb of storage to be moved around or reconfigured ? i need some commercial and industry realism for this . we may need rick paiste or your industry helpers ( marquardt , etc . to help us ) . barry , lou , i need your input . | 0 |
Subject: research memo on mg var dear all : comments on this document should be directed to vince and / or me . regards , grant . | 0 |
Subject: re : subscription renewal barbara , yes , i would like to renew the subscription . thanks for the reminder . vince barbara lee @ enron 08 / 04 / 2000 03 : 37 pm to : vince j kaminski / hou / ect @ ect cc : subject : subscription renewal esource august 4 , 2000 dear vince , this is to inform you that your subscription to operational risk is up for renewal . if you would like to renew please let me know and i will take care of it . the price for this publication . ? 1 year $ 795 . 00 ? 2 years ? 3 years if you should have any questions , please do not hesitate to call me at ext . 3 - 7928 . thank you for using esource . sincerely , barbara | 0 |
Subject: confirmation of 3 / 20 9 a . m . meeting at kmv in san francisco dear mr . kaminski : thank you for your phone messages , confirming that you and mr . bill bradford will be meeting with mr . robert rudy ( managing director - head of client service ) this monday , march 20 th , from 9 a . m . - 12 p . m . we are looking forward to seeing you , and hopefully we ' ll even have some sunny weather for you . attached are the directions to our office . please be sure to note that our dress code is business casual , so please do not feel obligated to wear a suit and tie . > please let me know if you have any questions . sincerely , kristina j . wun marketing coordinator kmv llc 1620 montgomery street , suite 140 san francisco , california 94111 415 - 765 - 5988 ( direct line ) 415 - 296 - 9669 ( general line ) 415 - 296 - 9458 ( fax line ) wun @ kmv . com - directions to kmv . doc | 0 |
Subject: re : wharton business plan competition christie , look fwd to the trip . shirley is sending you my itinerary . when are you flying back ? what about a dinner on tuesday ? vince from : christie patrick on 02 / 16 / 2001 10 : 10 am to : stamer @ wharton . upenn . edu , piazzet @ wharton . upenn . edu cc : vince j kaminski / hou / ect @ ect , jeffrey a shankman / hou / ect @ ect subject : wharton business plan competition hi anne ! i ' ll be at wharton on tuesday the 20 th - - perhaps we can get together to discuss this sometime later in the afternoon . what does your schedule look like ? thanks ! - - christie . - - - - - forwarded by christie patrick / hou / ect on 02 / 16 / 2001 10 : 08 am - - - - - " stamer , anne " 01 / 26 / 2001 03 : 47 pm to : " ' christie _ patrick @ enron . com ' " cc : subject : wharton business plan competition dear christie : thank you for your voice mail . things are moving along nicely with the competition . phase ii deadline was today , so we hope to have some statistics in the next few weeks . i have attached the statistics from phase i , for your files . listed below are ways that enron could be involved , let me know in which ( or all ) of these enron would be interested in participating . * we want to start listing our sponsors , so it would be really good if we could get your logo . * also , does enron wish to be a judge in phase iii and the venture fair ( vf ) ? for phase iii , we would mail each judge about 3 full blown business plans to be ranked . we anticipate this taking no more than 1 afternoon * for the vf , we would need a judge to be present for the entire day . the vf is by invitation only and we anticipate about 350 students , venture capitalists , business entrepreneurs and faculty . the vf will be held in philadelphia on april 30 th . * at the vf we will provide an opportunity for our sponsors with a 6 foot table for exhibits or materials to hand out . we will need to know if you wish to use the exhibit space . * we plan on providing our 25 semi - finalist teams with one - on - one mentoring . if enron is interested , that would be about 1 / 2 or 1 day commitment . * there might be an opportunity for a workshop to the university community . would enron be interested in participating in something like this ? i look forward to working with you to make this year ' s bpc a success . thank you . sincerely , anne stamer > anne stamer wharton business plan competition wharton entrepreneurial programs the wharton school 419 vance hall , 3733 spruce street philadelphia , pa 19104 - 6374 215 - 746 - 6460 ( direct ) 215 - 898 - 4856 ( office ) 215 - 898 - 1299 ( fax ) stamer @ wharton . upenn . edu - phase ioverview . doc | 0 |
Subject: prc review : list of key projects hi dale & vince , for your benefit i have compiled a shortlist of the main projects worked on over the past five months : 1 ) inflation curve modelling ( february and march ) 2 ) uk power monthly vol curve generator 3 ) nordic power monthly vol curve generator 4 ) energydesk . com models & support 5 ) compound options for uk power desk ( options to build power stations ) 6 ) continental power non - generic options ( using arbitrary trader - specified distributions ) 7 ) global products : non - generic options modelling and new commodity forward curve construction ( benzene fwd curve from naphtha ) 8 ) exotic options library upgrade / model test / bug fixes ( e . g . testing new / old asian models ) 9 ) continental gas volatility curve construction the best summary for this is in the attached presentation that i gave to the london and oslo staff recently . regards , anjam x 35383 presentation attached : | 0 |
Subject: re : henwood query good talking with you this morning . by all means , talk to grant masson about who else is using the henwood model within enron . attached are the workbooks i mentioned . the " details of jan and july . xls " workbook contains the resulting listing from the query i gave you yesterday and you can see how the supply curve was created from that . the supply curve becomes nonsense at points for reasons i believe are related to reliability commitment constrants , instead of pure economic dispatch , and to the aggregate reporting problem i described in my note yesterday . the workbook " supply curve . xls " has the simplistic , average supply curve i mentioned , constructed from fuel and vom costs . depending on the question you are trying to answer , it may be an approach to consider . the henwood contacts i had in mind are : tao guo , phd , senior " algorithmist " ( 916 - 569 - 0985 ) * the one i was thinking of wenxiong huang , phd senior project consultant ( 916 - 569 - 0985 ) ajit kulkarni , phd , software product manager ( 916 - 569 - 0985 ) * more a trainer , but sharp cosimo coscia , senior consultant ( south australia ) 618 - 8357 - 1244 * very resourceful wade schauer , staff consultant , ( 916 - 569 - 0985 ) * best for questions about emss per se all have emails , of course . template : tguo @ hesinet . com also , if you can not get satisfaction , contact eric toolson , vp ( 916 - 569 - 0985 ) . he has a laconic style , but is very focused on customer satisfaction and retention . and he has the pull to make things happen . regards , michael > > > karolina potter / lon / ect @ enron 08 / 24 / 00 07 : 08 am > > > michael , i am an analyst in paul mead ' s continental power trading group in london . i am currently working on the project , which requires the use of emss , and experience some difficulties interpreting the output results . steven leppard from our research group gave me your name as an expert in this system and consequently the person to contact in case of problems . i have been running simulations for the dutch market and was asked to provide the traders with some front - end screen graphs in order to interpret the numerical results . one of the graphs is to show an hourly generation stack and system ' s marginal cost , as we only run cost based scenarios . to sort each station ' s hourly generation i need its marginal cost . to my knowledge though , marginal cost is only generated for a systems marginal unit ( transarea marginal units query , marg _ cost unit ) . therefore i was sorting the stations according to the cost which i calculated based on the outputs from station detail by hour query . the calculation was as follows : for each hour , for each generating station : " marginal cost " [ o / mwh ] = ( generation _ cost [ oo 00 ] * 1000 ) / generation [ mwh ] - vom _ cost [ o / mwh ] this i thought would include fuel cost and start up costs . however , a marginal station which i get on the stack as a result of the above calculation is not a station given in marginal station field in transarea marginal units query . i have also looked into transarea _ data _ hr table and transarea _ data table but non of the costs there match my results . do you happen to know what formula is used to determine marg _ cost and which outputs i should be using to obtain the right results ? it might be easier if we could discuss this issue on the phone . in this case could you please send me your direct telephone number . i am struggling understanding what is going on and would appreciate your help very much . regards karolina | 0 |
Subject: re : background information vince : i will send to you later today the information you requested in electronic form ; in the meantime , please discuss with jeff shankman . he just alerted me that he has procured the required funding and that jeff skilling has agreed to enron joining the webi at the corporate partner level . i am to call jeff shankman later today to discuss . this is great news for the school and enron ! ! would not have been possible without your persistance and assistance and i thank you for it . we will discuss more later . tom - - - - - original message - - - - - from : vince . j . kaminski @ enron . com sent : tuesday , november 07 , 2000 6 : 23 pm to : piazzet @ wharton . upenn . edu cc : vince . j . kaminski @ enron . com subject : re : background information tom , electronic version is ok . vince " piazze , thomas " on 11 / 07 / 2000 10 : 25 : 45 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : re : background information vince : i will be happy to do so . do you wish to have it in hard copy or electronically ? if in hard copy , how many copies ? tom - - - - - original message - - - - - from : vince . j . kaminski @ enron . com sent : monday , november 06 , 2000 6 : 00 pm to : piazzet @ wharton . upenn . edu cc : vince . j . kaminski @ enron . com subject : background information tom , can you send me additional copies of the information about the webi program ? i want to distribute it internally . vince | 0 |
Subject: re : new computer jarod : can you help her with the sun equipment ? shirley : what type equipment are you requesting for the other users thanks lyn shirley crenshaw 01 / 17 / 2000 03 : 43 pm to : lyn malina / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , kevin g moore / hou / ect @ ect , william smith / corp / enron @ enron subject : new computer hi lyn : i have not received an answer for the below request for another sun computer . did you get it ? we also need to order another regular computer like the others that have been supplied to the research group . it will be for tanya tamarchenko and her location on the 19 th floor is eb 1940 . tanya has two offices and does not have a computer in her office on the 19 th floor . co # 0011 - rc # 100038 thanks ! shirley crenshaw - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 01 / 17 / 2000 03 : 39 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - shirley crenshaw 01 / 12 / 2000 11 : 14 am to : lyn malina / hou / ect @ ect cc : subject : sun computer hi lyn ; the research group is in need of another sun computer to be located at ebl 951 . please let me know that eta . co . # 0011 - rc # 100038 thanks ! shirley 3 - 5290 - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 01 / 12 / 2000 11 : 10 am - - - - - - - - - - - - - - - - - - - - - - - - - - - shirley crenshaw 01 / 07 / 2000 01 : 49 pm to : lyn malina / hou / ect @ ect cc : william smith / corp / enron @ enron , vince j kaminski / hou / ect @ ect , alex huang / corp / enron @ enron subject : new pc hi lyn : alex huang has requested a new pc and vince kaminski has ok ' d it . please order the computer as listed below in alex ' s request . thanks ! shirley 3 - 5290 - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 01 / 07 / 2000 01 : 48 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 01 / 07 / 2000 12 : 12 pm to : shirley crenshaw / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , grant masson / hou / ect @ ect , alex huang / corp / enron @ enron subject : new pc shirley , ok . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 07 / 2000 12 : 02 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - alex huang @ enron 01 / 07 / 2000 08 : 28 am to : shirley crenshaw / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , grant masson / hou / ect @ ect subject : new pc hi shirley , i would like to request for a new pc . my current pc is quite old with not enough memory . twice i ran out of memory and had to have it people coming to clean it for me . their suggestion is to either get a new hard drive or a new pc . given that dell has pentiumc iii processor at 800 mhz on market , i would like to request a pc with process at 500 mhz or higher level . thank you very much . best , alex | 0 |
Subject: reschedule - iv amit bartarya first floor sel 002 ( 21 feb 16 : 00 gmt ) interview schedule 16 . 00 - 16 . 30 vince kaminski & anjam ahmad 16 . 30 - 17 . 00 ben parsons 17 . 00 - 17 . 30 stephen leppard | 0 |
Subject: hea sporting clays tourney - august 15 , 2000 this member favorite is just a few weeks away , and there ' s still time for you to register and be eligible for the private drawing for a remington 1187 ! just send in your form and payment by august 1 , and remember you must be present to win ! the sporting clays committee and hea want to thank this year ' s sponsors to date and encourage other companies to participate if possible . if you ' d like to join this elite list , contact jim cody ( 713 / 230 - 3550 ) , t . kemp jones ( 713 / 207 - 5189 ) or jeff eatherton ( 713 / 529 - 5247 ) . duke field services ; coral energy / tejas energy ; sanchez oil el paso field services ; reliant energy gas transmission ; reliant energy field services ; mitchell gas services ; coastal field services ; and reliant energy pipeline services . the continued success of this tournament through the enhanced quality of the prizes , dinner and services are made affordable only through your contributions and we appreciate your support ! other door prizes this year include a browning citori and several other guns ! all prizes will be awarded during dinner in the air conditioned pavilion . the two man flush will be shot from a newly covered deck , and other areas on the courses have been covered as well . so visit the website , www . houstonenergy . org , and fill out a registration form under " next event " . that ' s august 15 at the american shooting centers ( 16500 westheimer parkway ) , and choose between 50 and 100 targets . even non - shooters can come out , eat dinner , have some drinks and possibly win a door prize and have lots of fun . if you have other questions , contact eva pollard at 713 / 651 - 0551 . 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: re : chase chris , we don ' t have yet any report on broadband that might help you , developed internally by my group . we are working on a tutorial and we shall send you a copy when it ' s ready . the person who can give you an introduction to this market is ravi thuraisingham . vince chris holmes @ ees 04 / 05 / 2000 09 : 55 pm sent by : chris holmes @ ees to : vince j kaminski / hou / ect @ ect cc : subject : chase vince : i am working now in ees as the chase national account manager and am developing new products to sell chase . one of the products i am working on integrates the provision of broad band with a package of computer hardware and software for a company ' s employees . i can explain more if you are interested . i understand you put together a report on broadband which has helped educate people as to the technology and economics . can i get a copy ? . also do you have any analyses on chase that might help me detect other opportunities ? is there anyone on your staff with whom i should talk ? thanks chris | 0 |
Subject: re : interview schedule for punit rawal shirley : i have been in touch with punit over the past several week , and it appears that february 2 nd would suit his schedule best for the visit . how does that date look for vince and the others in the group who will be interviewing him ? stephanie cody , my new admin whom you met last week , will be contacting punit to make his travel arrangements . molly shirley crenshaw 01 / 16 / 2001 09 : 24 am to : molly magee / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , kevin kindall / corp / enron @ enron , bob lee / na / enron @ enron subject : interview schedule for punit rawal hi molly : punit rawal is a carnegie mellon student that kevin kindall and bob lee interviewed back in december . we would like to bring him in for an interview . he is definately a " trading support " prospect . i forwarded his resume to john lavorato back in december and inquired as to whether he would be interested in interviewing him or not , but have had no response , except that he has not had a chance to look at his resume yet . vince originally said that either john or gary hickerson might be interested . i did not send his resume to gary , maybe you can check with him ? i am attaching the interview request form and his resume . thanks ! shirley - punit + rawal + newresume . doc | 0 |
Subject: anshuman neil , i would like to apologize for the confusion regarding anshuman . we have floated a number of possible scenarios regarding his trip to houston and there was a lot of confusion regarding the terms ( given that i was talking to sandeep every few days ) . currently , we expect anshuman to come to houston for one month to work on the dpc project ( at jeff shankman ' s request ) . the lawyers advised me that we need an ll visa for him , irrespective of the duration of his stay . sorry for the confusion . vincent kaminski managing director - research enron corp . 1400 smith street room ebl 962 houston , tx 77002 - 7361 phone : ( 713 ) 853 3848 fax : ( 713 ) 646 2503 e - mail : vkamins @ enron . com | 0 |
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: hello shirley , can you , please , call him and ask what would be best timing . the last week of july would be best . i would like grant , alex , zimin , krishna and stinson to meet him . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 06 / 29 / 2000 08 : 13 am - - - - - - - - - - - - - - - - - - - - - - - - - - - shijie deng on 06 / 29 / 2000 12 : 00 : 37 am to : vkamins @ enron . com cc : subject : hello hi vince , how are you . it was really a pleasure meeting you and talking to you at the toronto energy derivative conference . thank you for speaking with me about the possibility of visiting your research group . it will be great if i could have such opportunity whenever you see your schedule fits . i am very much open for the last week of july and early august . i ' m looking forward to hearing from you soon . best , shijie shi - jie deng assistant professor school of isye georgia institute of technology office phone : ( 404 ) 894 - 6519 e - mail : deng @ isye . gatech . edu home page : http : / / www . isye . gatech . edu / ~ deng | 0 |
Subject: re : corporate allocation from enron research group i discussed the numbers with vince and we have the sign off from him . so , vera and shirley , you can go ahead to execute the adjustment . thanks , krishna . kimberly watson @ enron 12 / 06 / 2000 02 : 07 pm to : pinnamaneni krishnarao / hou / ect @ ect , vera apodaca / et & s / enron @ enron cc : subject : corporate allocation from enron research group krishna , attached is a spreadsheet with the figures we discussed earlier . for july - dec , ets will keep half of the amount allocated ( equivalent to 1 . 5 employees , $ 135 . 6 ) from the corporate allocations to ets . if this looks ok to you , i would like to have vera work with shirley to handle the accounting adjustment similar to mid year . many thanks , kim . vera , here is the year 2000 spreadsheet . as you will see , we will need to work with shirley crenshaw ( x 35290 ) with enron research group to coordinate a similar accounting adjustment to the one we made mid year . i will send the year 2001 budgeted spreadsheet to you in the next few days ( just in case it changes with the approval of the science workorder ) . please call me if you have any questions about this spreadsheet . thanks , kim . | 0 |
Subject: west power model lance and i spoke with tim heizenrader regarding modeling work and needs for the west desk . the differences in the markets between east and west are , in tim ' s opinion , sufficient that he does not need an approach as sophisticated as the one we are pursuing for ercot . in particular , the termal limits for which load flows are so useful are not generally binding in the west . loop flows are also not considered a major issue at present . in summary , it seems that the west is an unlikely customer of any extension to an ercot / east transmission model for the time being . they have also done little in this area that would directly relate to our efforts here . martin | 0 |
Subject: fw : memo : re : your work phone number hi , i am forwarding an email from a former bnp paribas colleague of mine who now works at hsbc . can you please advise ? thanks , iris - - - - - original message - - - - - from : antonella . saulle @ hsbcib . com @ enron [ mailto : imceanotes - antonella + 2 esaulle + 40 hsbcib + 2 ecom + 40 enron @ enron . com ] sent : tuesday , may 22 , 2001 1 : 30 am to : mack , iris subject : memo : re : your work phone number iris i would like you to put me in contact with s / one at enron here in london that deals with weather derivatives and would be in a position to sell us options on weather derivatives ( temperature , cat ) . let me know if you are able to do that or if i need to work internally here in order to find out whom we have contacts with at enron . if you want to call me my direct line is + 44 207 336 - 2836 . alternatively i could call you but do bear in mind that i leave the office around 6 : 30 - 7 pm london time . send me an email and let me know when is a good time to talk and i will call you back . thanks in advance . antonella this transmission has been issued by a member of the hsbc group ( " hsbc " ) for the information of the addressee only and should not be reproduced and / or distributed to any other person . each page attached hereto must be read in conjunction with any disclaimer which forms part of it . unless otherwise stated , this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment . its contents are based on information obtained from sources believed to be reliable but hsbc makes no representation and accepts no responsibility or liability as to its completeness or accuracy . | 0 |
Subject: computer hello again , the computer i mentioned earlier will remain at the location eb 3239 d however , it belongs to us , i got with chris and it is not really in his way at this point . fyi - computer # 002813 monitor # 202803 kevin moore | 0 |
Subject: re : dale nesbitt meeting tues margaret , i shall invite hunter shiveley . i think it will cover ena . vince margaret carson @ enron 11 / 02 / 2000 09 : 57 am to : vince j kaminski / hou / ect @ ect cc : james d steffes / na / enron @ enron subject : dale nesbitt meeting tues vince do you plan on inviting anyone from the power issues side - - perhaps ben jacoby , julie gomez , jean mrha , scott neal to this meeting ? thanks margaret - - - - - - - - - - - - - - - - - - - - - - forwarded by margaret carson / corp / enron on 11 / 02 / 2000 09 : 54 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : john goodpasture 11 / 01 / 2000 05 : 53 pm to : vince j kaminski / hou / ect @ ect , margaret carson / corp / enron @ enron , mike mcgowan / et & s / enron @ enron , dave neubauer / et & s / enron @ enron , robert hill / npng / enron @ enron , shelley corman / et & s / enron @ enron cc : danny mccarty / lon / ect @ ect , bill cordes / et & s / enron @ enron , michael moran / et & s / enron @ enron , rod hayslett / fgt / enron @ enron subject : dale nesbitt meeting margaret carson is going to join us in the meeting next week with nesbitt . vince will check with ena to see if they also want to attend . i would also like to determine if ets and / or nbp would want to send a representative ( s ) , although margaret said she would take copious notes for distribution to other key players as necessary . we should ask nesbitt how he would structure a deal for multiple clients ( eg . ets , nbp , ena , and maybe el paso ) . [ we need to remain aware of any " affiliate " issues that may result , and make certain that we are in complete compliance with the regs . ] i will wait until after our meeting with nesbitt before deciding if / how to approach el paso . presumably , if asked to particpate , they would share the cost and have independent access to any working model that is developed . jng - - - - - - - - - - - - - - - - - - - - - - forwarded by john goodpasture / ots / enron on 11 / 01 / 2000 04 : 51 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski @ ect 10 / 30 / 2000 04 : 42 pm to : john goodpasture / ots / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : dale nesbitt john , i talked to dale nesbitt . he suggested that the best way to evaluate his model is to go through a one week intensive project with assistance of somebody from his company . our cost is a flat fee of $ 12 , 500 that would be deducted from the purchase price of $ 55 , 000 , in case we buy the software package . the price of 55 k is indicative and will be adjusted based on the required level of support . dale will be in houston next week . i have tentatively invited him to visit with us on tuesday , november 7 , at 3 : 00 p . m . he will adjust if you are busy at this time . please , let me know what you think . vince | 0 |
Subject: re : test vince : candice ' s contact information at mount holyoke is as follows : phone : ( 413 ) 493 - 5092 email : cgkao @ mtholyoke . edu address : 1453 blanchard campus center mount holyoke college south hadley , ma 01075 - 6002 ed ps : i hope ron singer has given you the needed info . please feel free to contact me if i can be of any help with regard to your colleague ' s inquiry about pursuing doctoral study at uh . | 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 leppard , steven dale surbey nov 06 , 2000 patrick , christie a steven j kean nov 09 , 2000 pham , bich anh t sarah brown nov 06 , 2000 raymond , maureen j wincenty j kaminski nov 02 , 2000 rosen , michael b christie a patrick nov 06 , 2000 sun , li kevin kindall nov 09 , 2000 supatgiat , chonawee peyton s gibner oct 27 , 2000 tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 tawney , mark r jeffrey a shankman oct 26 , 2000 thuraisingham , ravi paul h racicot jr nov 12 , 2000 williams , matthew steven leppard nov 08 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 yuan , ding richard l carson oct 31 , 2000 | 0 |
Subject: re : vacation shirley , no problem . vince shirley crenshaw 03 / 08 / 2000 03 : 56 pm to : vince j kaminski / hou / ect @ ect cc : kevin g moore / hou / ect @ ect , william smith / corp / enron @ enron subject : vacation vince : i would like to take the following days as vacation : wednesday , march 15 th friday , march 31 st . please let me know if this is ok with you . thanks ! shirley | 0 |
Subject: vince kaminski vince : did you get the below email from jim garven ? would you be able to stay over and speak at the risk management fraternity and perhaps come in a day early and speak to his students ? shirley - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 12 / 05 / 2000 02 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - jim garven on 12 / 05 / 2000 02 : 09 : 27 pm to : " shirley crenshaw " cc : subject : vince kaminski dear ms . crenshaw , on november 28 , i sent vince kaminski an email inviting him to visit baylor university ( where i now hold an appointment as professor of finance having resigned from lsu this pas spring ) . ? i have yet to receive a reply from him . ? can you bring this email ( copied below ) to his attention ? thanks , jim garven = = = = = = = = = = = = = = = = = = = = = = = = = = = dear vince , since we last corresponded , i have left lsu and am now professor of finance & insurance at baylor university in waco , tx . my colleague at baylor , john martin , mentioned that you will be coming to campus for a conference on friday , february 23 that he is organizing . i am curious whether your schedule might permit staying over that evening so that we can feature you as our dinner speaker for the chartering ceremony of gamma iota sigma , a national risk management fraternity . for that matter , would you also possibly be available to make any presentations to undergraduate and graduate students on the previous day ( thursday , february 22 ) ? what i have in mind is a presentation similar to the presentations you made last spring to my lsu classes . thank you for your consideration of this request . i am looking forward to seeing you once again . sincerely , jim garven 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 | 0 |
Subject: re : corn subsidy govt program analysis vasant , thanks . let ' s contact wharton next week . vince from : vasant shanbhogue / enron @ enronxgate on 04 / 25 / 2001 10 : 15 am to : vince j kaminski / hou / ect @ ect cc : nelson neale / na / enron @ enron subject : corn subsidy govt program analysis hi vince , nelson and i had a meeting yesterday with the ag desk folks on how to go forward on the analysis and presentation for this program . the consensus from the ag side was that the choice of university will be highly politically driven , ie preferably the university should be from a state that has close ties to sympathetic senators or other political figures . also it is preferable if the university faculty have worked on ag issues before , lending more credibility in the ag community . the names that came up were mississippi state and texas a & m . nelson knows of a person at mississippi state who worked with the usda on risk management issues . the needed analysis itself is not necessarily very deep , and the focus is primarily to get a non - quantitative presentation out that outlines how enron can take on the downside risk of local crop prices ( enron probably needs to cover actual local prices and not simply an index because i do not think the govt will want to worry about basis risk ) . the pilot program itself will be very small , and lends itself to continuing down the path of short term trading rather than long term origination . another thought on hedging our potential short positon ( on the origination side ) is that the govt program can only provide a partial hedge to the extent of the premium received - - we still have unlimited downside from the short . vasant p . s . i am writing up jim bouillion ' s project suggestion as a potential project for wharton . of course , we may still ask wharton for their insights on the corn price protection approach . | 0 |
Subject: re : introduction meeting : rac london quants and houston research hi vince , thanks for organizing the meetings , and a special thanks for organizing the reservations for the dinner . i am looking forward the visit to houston . rodrigo vince j kaminski 24 / 08 / 2000 20 : 25 to : rodrigo lamas / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : introduction meeting : rac london quants and houston research rodrigo , i think it is churrasco ' s , a south american restaurant . i shall make reservations for the 12 th . i shall also arrange the meetings on tuesday with different units of the research group . vince rodrigo lamas 08 / 24 / 2000 01 : 59 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : introduction meeting : rac london quants and houston research vince , thank you very much . i would rather talk to your group on sep the 12 th ( tuesday ) . i hope i will be entitled to disturb them again during the rest of the week as well . we can certainly go out for dinner . steven mentioned a brazilian restaurant he went to and i am looking forward going there . this in case you are not vegetarian . thanks again , rodrigo vince j kaminski 24 / 08 / 2000 19 : 54 to : rodrigo lamas / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : introduction meeting : rac london quants and houston research rodrigo , we shall be very glad to meet you . if you can dedicate one day to meeting the members of the research group i could arrange a series of meetings with different units . what about sep the 11 th or sep the 12 th ( monday or tuesday ) ? if you are free one evening we can have dinner together . vince rodrigo lamas 08 / 24 / 2000 11 : 01 am to : vince j kaminski / hou / ect @ ect cc : subject : introduction meeting : rac london quants and houston research vince , i work for the market risk rac london group . i review the quantitative issues arising from enron europe models . i am in this function given my background ( phd from imperial college - london ) and also due to my past experience as risk manager for a brazilian investment bank and louis dreyfus . my agenda includes the review of a number of deals ( wessex , tpl , eastern , . . . ) , as well as the review of the construction of european gas and power price curves and their respective volatility curves . currently i am devoting most of my time to the analysis of the uk gas market , its respective price curve and term structure of volatility . bjorn and david suggested it could be very productive if i had the chance to meet you and your team to discuss issues related to modelling prices and risk measurement tools . i will be in houston from the 10 th to 15 th september . i wonder if you could book some time for me in your agenda and also ask some members of your team to do the same . thanks , rodrigo | 0 |
Subject: reviewer approval please note that your employees have suggested the following people to complete a feedback form on their behalf . you will need to access the performance management system ( pep ) to either approve or decline these suggested reviewers . once you have approved the suggested reviewers they will be notified and can begin completing the feedback form . your list of employees that have suggested reviewers are listed below : date suggested : may 19 , 2000 feedback due date : jun 16 , 2000 employee name : kollaros , alexios | 0 |
Subject: to basak vince , please find attached a small note i had prepared at wade ' s request . the note is to be used for a private meeting of the ex - chairman of mseb with the governor of maharashtra . in the indian system , the governor represents the federal government in the state . hence any information he gathers is for the central govt . this informal note is to be passed to him . the focus as you will see is to see if we can engage the central govt . through this route . krishna is here and sends his regards . regards , sandeep . - - - - - - - - - - - - - - - - - - - - - - forwarded by sandeep kohli / enron _ development on 01 / 16 / 2001 08 : 55 am - - - - - - - - - - - - - - - - - - - - - - - - - - - sandeep kohli 01 / 16 / 2001 08 : 51 am to : wade cline / enron _ development @ enron _ development cc : subject : to basak wade , please find the note attached for mr . basak . the tariff data is all from the information sheet put out by mohan , so you should have no conflicts . i have tried to give it the appropriate spin . let me know if there is something you would like to do differently on this . regards , sandeep . | 0 |
Subject: ferc ' s soft price caps : what do they mean ? - cera conference call notification * * * please accept our apologies if you have received this message already * * * we have been experiencing some technical difficulties , and you may have already received this message last week . ? we apologize for any inconvenience this may have caused . - cera webmaster title : ferc ' s soft price caps : what do they mean ? url : 0 . html or 0 . html topic : ferc ' s price caps : what do they mean ? * objectives and methodology outlined by ferc in these orders * implications of this form of price cap on competitive power markets * ferc ' s application of other price cap methodologies in other regions format our speakers will address this topic for 30 minutes , with accompanying graphics presented on the internet , followed by an open question and answer period . speakers john athas , cera associate director , north american electric power mike zenker , cera director , western energy time 4 : 00 p . m . eastern , tuesday , april 10 , 2001 eligibility clients eligible to participate in this conference call are those who subscribe to the cera north american electric power retainer advisory service or the western energy retainer advisory service . to enroll to enroll , please send a fax to kari paakaula at ( 617 ) 497 - 0423 or send an e - mail to kpaakaula @ cera . com before 4 : 00 p . m . , monday , april 9 , 2001 . please include your name , company , and telephone number with your correspondence . to participate to participate in the audio portion of the call , please call in on one of the following numbers approximately 10 - 15 minutes before the call : within the united states : 1 - 800 - 946 - 0713 outside the united states : ( 719 ) 457 - 2642 confirmation code : 713248 title of the call : cera power call to participate in the internet portion of the call ( audio is by telephone ) , log on to the internet approximately 15 - 30 minutes before the presentation to ensure technological compatibility . 1 . point your browser to http : / / www . placeware . com / cc / visioncastconferencing 2 . enter the following information , then click " attend " : * your name * meeting id : w 713248 * meeting key : 713838 3 . access audio for the meeting using the audio information above . system requirements and suggestions * internet connection not reliant on the phone line you will use for the call . * a java - enabled browser , such as microsoft internet explorer 3 . 02 or higher ; netscape navigator 3 . 02 or higher ; or sun hot java ( tm ) * close all desktop applications and disable your screen saver to ensure computer compatibility , complete the internet instructions before the day of the call . a message will appear telling you that your meeting is not ready to start . however , it also informs you about any action that you may need to take to prepare your computer to participate . technical assistance if you experience difficulties during the call , you may signal for technical assistance by pressing * 0 ( star , zero ) on your telephone keypad , once connected to the audio portion of the conference . for more information , please contact kari paakaula via e - mail at kpaakaula @ cera . com or via telephone at ( 617 ) 441 - 1362 . a recording of this call will be available until may 10 , 2001 . to access this recording , please call 1 - 888 - 203 - 1112 ( within the united states ) or 719 ) 457 - 0820 ( outside the united states ) . please use confirmation number 713248 to access the call . * * end * * e - mail category : conference call notification ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? cera knowledge area ( s ) : north american power , western energy , cera ' s spring 2001 roundtable event dates and agendas are now available at http : / / www 20 . cera . com / event to make changes to your cera . com profile go to : forgot your username and password ? go to : http : / / www 20 . cera . com / client / forgot this electronic message and attachments , if any , contain information from cambridge energy research associates , inc . ( cera ) which is confidential and may be privileged . unauthorized disclosure , copying , distribution or use of the contents of this message or any attachments , in whole or in part , is strictly prohibited . terms of use : http : / / www 20 . cera . com / tos questions / comments : webmaster @ cera . com copyright 2001 . cambridge energy research associates | 0 |
Subject: carnegie mellon speech following are the reservations for the speech on friday november 3 : hotel : westin william penn hotel ( 412 ) 281 - 7100 conf . : kristin - 401220 vince - 401221 any questions , call me . alyse | 0 |
Subject: re : test tom , the conference in new york is held on may 18 and may 19 . i can visit wharton the day before . vince kaminski " piazze , thomas " on 04 / 05 / 2000 08 : 40 : 55 am to : " ' vince j kaminski ' " cc : subject : re : test vince : i enjoyed talking with you yesterday and look forward to receiving information relative to your visit to campus . tom piazze > - - - - - original message - - - - - > from : vince j kaminski [ smtp : vince . j . kaminski @ enron . com ] > sent : tuesday , april 04 , 2000 4 : 52 pm > to : piazzet @ wharton . upenn . edu > subject : test > > > > test > | 0 |
Subject: 3 - urgent - to prevent loss of information critical migration information : 1 . your scheduled outlook migration date is the evening of : may 7 th 2 . you need to press the " save my data " button ( only once ) to send us your pre - migration information . 3 . you must be connected to the network before you press the button . 4 . if a pop - up box appears , prompting you to " abort , cancel or trust signer " please select trust signer . 5 . any information you add to your personal address book , journal or calendar after you click on the button will need to be manually re - added into outlook after you have been migrated . 6 . clicking this button does not complete your migration to outlook . your migration will be completed the evening of your migration date . failure to click on the button means you will not get your calendar , contacts , journal and todo information imported into outlook the day of your migration and could result in up to a 2 week delay to restore this information . if you encounter any errors please contact the resolution center @ 713 - 853 - 1411 | 0 |
Subject: re : spring 2001 schematic kathy , what is embanet ? do i have access from the outside ? vince kaminski kathy spradling on 01 / 11 / 2001 11 : 01 : 48 am to : ( recipient list suppressed ) cc : cmiller @ rice . edu , castro @ rice . edu , spradlin @ rice . edu subject : spring 2001 schematic spring 2001 faculty , the spring 2001 schematic has been posted to embanet . to access the schematic please open the jgsm area icon on the embanet desktop . next please open the announcement jgsm icon . you will find the spring 2001 schematic located under the subject column . please open the document . if you do not have access to embanet you will need to speak with david kilgore at kilgore @ rice . edu or by calling david at 713 - 348 - 5378 . thanks , kathy kathy m . spradling mba program coordinator jesse h . jones graduate school of management rice university 6100 main street , ms 531 houston , texas 77005 - 1892 phone : ( 713 ) 348 - 3313 fax : ( 713 ) 348 - 5251 email : spradlin @ rice . edu http : / / www . rice . edu / jgs e - mail : spradlin @ rice . edu http : / / www . ruf . rice . edu / ~ jgs / | 0 |
Subject: re : pricing credit on thousands of names we can continue the discussion in tuesday ' s conference call , but i discussed with ben about the issues below , and here are some thoughts . this is not a complete approach , but only a starting point for discussion . the main task is to build a pricing system for many names . this has two components - - - 1 ) how to price a single name ? 1 . 1 ) how to price a liquid single name ? 1 . 2 ) how to price an illiquid single name ? 2 ) how to efficiently apply the methodology to multiple names ? the approach i would take for 1 . 1 is a ) define a small set of liquid names b ) apply each of the different models we have , say , the six models ben has mentioned below , to these names c ) include market prices , if any , for these names d ) sit with traders , get trader ' s intuition on where each liquid name should price and note this on the spectrum of prices obtained in ( b ) and ( c ) e ) try to determine attributes of the names that may explain the dispersion of the trader prices across the models f ) quantify these attributes , if possible g ) try a different set of liquid names and repeat the process , and see if the decisions in the last round still make sense the approach for 1 . 2 may be a ) define a small set of illiquid names b ) apply each of the different models we have to these names c ) sit with traders , get trader ' s intuition on where each illiquid name should price and note this on the spectrum of prices obtained in ( b ) d ) try to determine attributes of the names that may explain the dispersion of the trader prices across the models e ) check if these are similar to the attributes identified for liquid names f ) define a master set of liquid names g ) look for relationships ( by analyzing cross - section of data ) between attributes or prices of illiquid names to those of liquid names once a mapping has been defined for an illiquid name to a set of liquid names and their attributes , then this mapping can be entered into a table , and the pricing can be automated for all names ( in theory ) ! the success will depend on the success of the round - table sessions for the approaches for 1 . 1 and 1 . 2 . building a new fundamental model is always a worthwhile task , but we can get going with the above approaches immediately in parallel with developing any new models that we may build . new models can be added to the suite of existing models . i do not believe there will ever be a single model that will answer all questions for all names , but rather we can refine the mappings and relative choices among models over time , which would mean continuing round - table sessions with traders . limited data makes calibration very hard , so i would continually ask the question " what do we calibrate ? " throughout the discussions for 1 . 1 and 1 . 2 , and this may help guide us to new models . vasant benjamin parsons 06 / 19 / 2000 04 : 11 am to : ect london credit trading cc : vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , amitava dhar / corp / enron @ enron , steven leppard / lon / ect @ ect , grant masson / hou / ect @ ect , dale surbey / lon / ect @ ect , david a wall / risk mgmt / lon / ect @ ect , jitendra j patel / lon / ect @ ect , oliver gaylard / lon / ect @ ect subject : pricing credit on thousands of names all - our challenge for the next few months is to build an automated system to provide differential pricing on thousands of credits [ 5 , 000 by year - end ] . most of these credits will be illiquid in terms of market price information , making the challenge harder , and the end result more important in terms of competitive pricing advantage . what we need is an overall strategy for how we plan to achieve this from the quantitative perspective . currently we have several models for credit pricing either in use or under development : fmc model ( default probability approach ) . using bloomberg ' s fair market ( par yield ) curves , probabilities are generated from the risky - libor , then default / bankruptcy swap prices computed using expectation methodology . fmc model ( credit spread approach ) . using the fmcs , then directly taking the libor credit spread at each tenor , adjusting for basis and compounding differences . bond model ( fmc approach ) . taking the fmcs as benchmark curves , the model regresses the input bonds ( specific to a name ) on the two best fitting benchmarks . the result is a zero yield curve with the same shape as the fmcs , but with the level tweaked for the specific issuer . prices are then generated using both spread and probability approaches . under testing . bond model ( spline approach ) . taking only the bonds specific to an issuer , the model fits an exponential cubic spline to the zero - coupon price curve , then builds a zero yield curve from this . under testing . market prices . for certain liquid names , or sectors / ratings , cds market prices are used , then recovery and event discount used to get bankruptcy swap prices . kmv . using expected default frequencies ( edfs ) from the kmv model and database , we will build a model to price default swaps , making appropriate risk adjustments . kmv is being installed now , so model will be worked on next . each of these models returns a price ( credit default and bankruptcy ) , and the accuracy of the price depends on many factors - liquidity and regulatory differences between bond and cds markets , recovery assumptions , risk premia , capital charges , etc . the aim will be to accurately price as many liquid names as possible , based upon these models , then use these prices , alongside other financial information , as the backbone to a full automated pricing system . our inputs to the proposed pricing system for a specific name are model and market prices for all issuers , alongside name - specific ' soft ' data from credit reports and financial statements . if the credit is liquid enough , a price will be generated from their own information only . otherwise , the credit will be mapped onto a subset of liquid credits , with financial information and historical price movements providing the mapping and weights . the model price will then be periodically adjusted to align itself with market ( or trader ) prices , and this adjustment will feed back into the weighting and mapping composition . in loose terms , we could think of the system price for an illiquid credit as being a weighted average of liquid market prices ( bonds , equities , default swaps ) , where the weightings are calibrated using credit analysis , financial ratios , etc . the key steps to implementing such a system will be : establishing what exactly we want to ' predict ' - is it a price , a rating , a probability , or a score ? we will need a clean market history to calibrate to , which we only really have for ratings . we will then need to develop a mapping from rating / score to price . getting and cleaning the historical financial and credit data required to calibrate the model . building the mechanics of the model , ie , the calibration methodology . neural nets / fuzzy logic seem the obvious candidates , but which exact methods and software packages to use ? determining an automated methodology for mapping names with limited information into the model . getting the " true " market price , in order to feed back an error . at present such a price exists for very few credits . allocating resources to the development . mckinsey claimed such a system would take 6 - 10 man - months to develop . further ideas or comments are requested , as we need to develop our strategy asap . the model description above is fairly vague , as we don ' t yet have the knowledge needed to fill in the specific details . further help will be especially required on this if we are to continue to move at ' internet speed ' . regards ben | 0 |
Subject: re : summer internship ezequiel , i have forwarded your resume to our analyst / associate program with a request to accept you as summer intern . if the summer program is full , my group will hire you directly for the summer . vince ezequiel luis on 11 / 13 / 2000 04 : 23 : 23 pm to : vkamins @ enron . com cc : subject : summer internship dear mr . kaminski i am currently pursuing the m . s . in ieor at uc berkeley . i attended the speech you gave some weeks ago . i am interested in summer internship positions available in enron . you will find enclosed my resume . sincerely , ezequiel luis este mensaje fue enviado desde http : / / commcenter . infosel . com internet gratis http : / / www . terra . com . mx / terralibre - resume elm . doc | 0 |
Subject: re : chase vince : thanks very much . i will call ravi chris vince j kaminski @ ect 04 / 12 / 2000 10 : 36 am to : chris holmes @ enron cc : subject : re : chase - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 12 / 2000 10 : 37 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 04 / 12 / 2000 10 : 11 am to : chris holmes / hou / ect @ ees cc : stinson gibner / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : re : chase chris , we don ' t have yet any report on broadband that might help you , developed internally by my group . we are working on a tutorial and we shall send you a copy when it ' s ready . the person who can give you an introduction to this market is ravi thuraisingham . vince chris holmes @ ees 04 / 05 / 2000 09 : 55 pm sent by : chris holmes @ ees to : vince j kaminski / hou / ect @ ect cc : subject : chase vince : i am working now in ees as the chase national account manager and am developing new products to sell chase . one of the products i am working on integrates the provision of broad band with a package of computer hardware and software for a company ' s employees . i can explain more if you are interested . i understand you put together a report on broadband which has helped educate people as to the technology and economics . can i get a copy ? . also do you have any analyses on chase that might help me detect other opportunities ? is there anyone on your staff with whom i should talk ? thanks chris | 0 |
Subject: rw : howard confirmation for vince hi vince - please examine . i think it ' s going to happen and you have confirmation below - need sleep it ' s 3 : 30 pst - i ' ll need 7 hours sleep and then i ' ll be up . . . add 2 more for time difference and i ' ll be available for you , at your service ( your time around ( 1 : 30 afternoon ) . i called rachel @ enron london - she said it is set up too . i am confident . thank you for the opportunity . jeff wesley 949 813 2241 hi howard , > please find following confirmation as promised . > > > date of interview : tuesday 30 january 2001 > > time of interview : 2 . 30 pm > > interviewers : 2 . 30 pm nigel price - credittrading > 3 . 00 pm ben parsons - research & trading > controls - senior specialist > 3 . 30 pm vasant shanbhogue research > group houston > > > address : 40 grosvenor place > london > swlx 7 en > > switchboard : 020 7783 - 0000 > > closest tube / train station : victoria > > > location map attached > ( see attached file : location map . pdf ) > > manager > robert walters > manager > risk & quantitative analysis * get free , secure online email at http : / / www . ziplip . com / * | 0 |
Subject: java for managers ! ! ! vince , durasoft ( who just taught the java class for our group ) offers a 3 - day short course in java for managers . details are below , if you are interested . - - stinson - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 04 / 16 / 2001 12 : 16 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " siva thiagarajan " on 04 / 16 / 2001 11 : 25 : 50 am please respond to " siva thiagarajan " to : cc : subject : java for managers ! ! ! hi stinson , ? thanks for meeting with us on thursday . ? we enjoyed talking with you . ? as per our discussion , i have attached the course outline of java for managers along with this email . after our conversation with you we think this course may be a little bit heavy for your group . ? but we can definetly take it down to concepts level and make it appropriate for our audience . ? please review and let me know , if this course would be of value to you . ? this is a 3 day course and costs $ 11 , 000 ( maximum of 15 students ) . ? regards , ? - siva - oojavaformanagers . doc | 0 |
Subject: re : wednesday lunch - credit group hi , everybody , get ready for our lunch meeting : this wednesday , april 19 , the " new credit model development and testing team " is going to go to vincent ' s restaurant . the address is 2701 w . dallas , the reservation is made for 11 : 30 a . m . see you there , tanya . | 0 |
Subject: update on spring conference hello everyone , i wanted to get a message out to each of you to update you on the february 23 conference plans . the conference promises to provide an exciting opportunity to share the ideas of a diverse group of academic and industry professionals on a topic that is dear to all our hearts , the future of business education in the new economy . i will be sharing updates and information with you over the weeks to come but thought it might be useful to start before the holidays . i am attaching the most recent " description of the program of events " which remains somewhat fluid as we develop it . however , there are some new developments that you will find interesting . first , i have arranged for " filming " of the event by our local public tv station and we will be working toward the development of the best product possible out of the sessions . second , david palumbo ( human code - - an internet content provider - http : / / www . humancode . com / index 2 . htm - now owned by sapient ) will join us . david is very knowledgable about both educational issues ( he served on the faculty of the university of houston for 10 years before joining human code ) . he has some very interesting insights to offer on the future of higher education having now worked from the industry side of the equation ) . finally , i am currently reading a couple of books that you may find interesting ( telecosm and the new barbarian manifesto ) . i ' m sure there are many more interesting sources of information that you are each aware of and it would be helpful if we all began sharing our notes . finally , let me suggest that each of you begin thinking about the issue ( s ) that you feel most comfortable commenting upon and phrasing " lead in " questions for me . i would like to build a list of such questions to circulate among all so that we begin to get a feel for the range of topics we will encounter in the discussion and begin to formulate our individual opinions . i hope that this note finds you all anticipating a wonderful holiday season and thank you for participating in this inaugural " think tank " conference on the future of business education . sincerely yours , john - revised workshop - planning . 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: color copier hello lyn , how are you ? certainly hope you enjoyed the holidays . i have not received the color printer as of yet . could you please provide me with information concerning this . thanks kevin moore | 0 |
Subject: alliance info alert dear generation / power marketing executive : the following is this week ' s alliance express newsletter , and a special announcement regarding a proposed action by the financial accounting standards board ( fasb ) . fasb 133 fasb is considering an exception to statement of financial accounting standards ( sfas ) no . 133 that will exempt energy companies from the requirement to account for capacity contracts as derivatives . a vote against the exception would result in a significant increase in earnings volatility , and raises other important concerns for energy suppliers . ( attached is a summary of this issue . ) the board is expected to vote on this issue during may 2001 . eei will be taking steps to appraise fasb of our concerns . if you , or company cfo would like more information about this effort , please contact richard mcmahon , executive director of the alliance of energy suppliers , at rmcmahon @ eei . org , or at 202 - 508 - 5571 . alliance of energy suppliers express april 25 , 2001 inside washington federal affairs * * * bill repealing puhca is approved by senate committee * * * the senate banking committee today approved s 206 , a bill that repeals the public utility holding company act of 1935 . the bill would repeal puhca and transfer oversight of public utility holding companies from the securities and exchange commission to the federal energy regulatory commission and appropriate state agencies . s . 206 was approved with two amendments . offered by sen . mike enzi ( r - wy ) , the first amendment would establish the electric energy market competition task force to study competition in the wholesale and retail market for electric energy in the united states . the task force would be made up of representatives of ferc , the department of justice and the federal trade commission , as well as non - voting representatives from the department of agriculture and the securities and exchange commission . the amendment also contained a provision , co - sponsored by sen . paul sarbanes ( d - md ) , that would preserve ferc ' s authority to require that energy rates are reasonable and do not include the pass - through of holding company costs that are unrelated to energy . another amendment , offered by sen . jon corzine ( d - nj ) , initiated a study by the general accounting office of the success of federal and state governments in preventing anticompetitive practices by public utility holding companies and in promoting competition and efficient energy markets . * * * institute s tax agreement with public power again introduced on hill * * * the tax agreement eei reached with the american public power association ( appa ) and the large public power council ( lppc ) again has been introduced in the house . the bill ( hr 1459 ) contains the same provisions as were in a measure ( hr 4971 ) , with technical corrections , introduced during the 106 th congress . hr 1459 was introduced by rep . j . d . hayworth ( r - az ) and nine original co - sponsors from the ways and means committee . hr 1459 contains four key provisions with tax code changes : 1 ) the tax - free sale or spin - off of transmission assets into an rto is allowed , 2 ) nuclear decommissioning laws are adapted to a competitive market by allowing deductions to a trust fund no longer subject to cost - of service ratemaking , 3 ) the contributions in aid of construction ( ciac ) tax on interconnections to transmission and distribution facilities is eliminated , and 4 ) private use tax rules are changed to permit open access to transmission and distribution facilities . the measure was referred to the house ways and means committee , and eei has urged congress to act without delay in moving it forward . enactment will help encourage a vigorous but fair competitive environment , the institute noted . the same legislation has been incorporated into s 389 , senate energy committee chairman frank murkowski ' s ( r - ak ) energy security bill , and stand - alone legislation could also be introduced . hearings are expected to be held in both the senate finance and house ways and means committees , probably after consideration of president bush ' s individual tax proposal . administration / ferc * * * white house seeks $ 2 trillion budget in fiscal year 2002 * * * president bush last week transmitted a $ 2 trillion fiscal year 2002 budget request to capitol hill . the administration noted that its proposal * moderates recent explosive growth in discretionary spending to four percent in 2002 , * an increase of $ 26 billion over the preceding fiscal year . the budget bid contains a $ 231 billion total surplus in 2002 , and projects a $ 5 . 6 trillion surplus over the next ten years . in the energy area , the administration noted the federal government s * longstanding and evolving role * in the sector , pointing out that most federal energy programs and agencies have no state or private counterparts . it proposed about $ 2 . 8 billion in discretionary spending for energy programs , and about $ 2 . 1 billion in tax benefits , * mainly to encourage development of traditional and alternative energy sources . * doe s budget request was $ 19 . 2 billion , including $ 2 . 3 billion for energy resources programs . this later figure represents a decrease of $ 196 million , or 7 . 9 percent , from fiscal year 2001 . in the environmental sector , the administration sought some $ 7 . 3 billion in discretionary funding for epa , including a $ 3 . 7 billion operating program focused on implementation of most federal pollution control laws . * * * success of restructuring tied to energy strategy , ferc s massey asserts * * * electric restructuring may be in jeopardy , and its success * is in the hands of regulators and policymakers , * ferc commissioner william massey has asserted . speaking at a recent national governors association policy forum in philadelphia , commissioner massey urged officials to pay attention to the key elements of a national energy strategy . first , he specified , there is a need for an adequate supply of the energy commodity . turning to a second element , commissioner massey told forum attendees that * all the supply in the world won t help unless it can be delivered over an adequate , efficient , non - discriminatory network . * commissioner massey identified market structure as the third essential element of a national energy strategy , while citing an inherent difficulty : that * good structure cannot be easily parsed between wholesale and retail jurisdictions . * accordingly , he said , ferc and the states must work together on market structure . the final element of a successful energy strategy , the commissioner specified , is the need for aggressive ferc intervention when markets fail to do their job . * if the states cannot depend on the wholesale market regulator to ensure reasonable prices for consumers , * he cautioned , they * will surely think twice before heading down the restructuring path . * new generation * * * dynegy to build second plant in kentucky * * * dynegy has announced plans to construct a new 330 megawatt plant adjacent to the riverside generating project in lawrence county , kentucky . dynegy will sell the power generated at the plant in the wholesale market . commercial operation is expected to begin first quarter of 2002 . * * * ppl to expand generation capacity * * * ppl corporation this week said it would build a 540 megawatt power plant near chicago and would increase the capacity of its susquehanna nuclear plant by 100 megawatts . ceo william hecht said the illinois plant is expected to be in service by the summer of 2002 . * * * constellation energy group announces eight new plants * * * constellation energy group this week announced that the company is scheduled to bring four peaking power plants on line this summer . additionally , four larger power plants are scheduled to enter service in the following two summers . the four peaking plants are located in illinois , pennsylvania , virginia and west virginia . the larger power plants are under construction in california , florida , illinois , and texas . * we re building in these seven states because they serve regions where wholesale electricity is needed and where we can provide energy to support our national power marketing business , * said constellation energy group chairman and ceo christian poindexter . * * * california energy commission approves construction of otay mesa generating plant * * * pg & e corporation s national energy group ( neg ) last week announced that the california energy commission ( cec ) has approved construction of the otay mesa generating plant in san diego county , which the neg has developed . the 500 megawatt project will produce enough electricity to power about 1 , 000 homes . after the development process is completed , calpine corporation will assume ownership of the project and will construct and operate the plant . neg will contract for up to half the plants output . energy data * * * weekly electric output ( week 15 ) * * * electric output reached 63 , 528 gwh for the week ending april 14 ( week 15 ) , with the highest increase over 2000 levels in the south central states , which both had a 12 . 6 percent increase over 2000 for week 15 . year - to - date , the rocky mountain region experienced the greatest increase in output ( 7 . 6 percent ) over 2000 . for more information , email alliance @ eei . org . the alliance express is a free news service sponsored by the alliance of energy suppliers . this document can be redistributed . please send questions , comments , or requests to alliance @ eei . org , or telephone 202 / 508 - 5680 . nancy tarr manager , business development eei alliance of energy suppliers 701 pennsylvania ave . , n . w . washington , d . c . 20004 telephone : 202 - 508 - 5680 fax : 202 - 508 - 5600 www . eei . org / alliance ntarr @ eei . org - text . htm - fasb - the impact on energy companies of treatment of capacity c | 0 |
Subject: re : texas finance festival ( urgent request ) peggy , friday ( lunch , supper ) , sat ( breakfast , lunch ) . one person . vince kaminski peggy davies on 03 / 30 / 2000 04 : 21 : 36 pm please respond to peggy davies to : andres almazan , murray carlson , kent daniel , wayne ferson , denis gromb , john hund , narasimhan jegadeesh , cindy justice , matthias kahl , vince kaminski , anthony lynch , thomas noe , robert parrino , manju puri , ehud ronn , laura starks , andrew subra , steathis tompaidis cc : subject : texas finance festival ( urgent request ) texas finance festival attendee please respond to the below request asap in preparing for the texas finance festival , we are needing to finalize the meal counts . while we are excited about everyone coming , we do not want to pay for meals ( expensive ones by the way when on the riverwalk in san antonio ) if someone will not be in attendance . please indicate below the meals you will be inattendance . if you have family / significant others coming with you , please indicate the total number including yourself . thanks for your help . bill petty number to attend friday lunch friday supper saturday breakfast saturday lunch saturday supper rfc 822 header - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - return - path : received : from ccc _ petty ( ccc - petty . baylor . edu [ 129 . 62 . 162 . 79 ] ) by ccisol . baylor . edu ( 8 . 9 . 1 / 8 . 9 . 1 ) with smtp id oaa 21931 for ; thu , 30 mar 2000 14 : 35 : 32 - 0600 ( cst ) message - id : date : 30 mar 00 14 : 34 : 59 - 0600 from : bill petty subject : texas finacne festival ( urgent request ) to : peggy davies x - mailer : quickmail pro 1 . 5 . 4 ( windows 32 ) x - priority : 3 mime - version : 1 . 0 reply - to : bill petty content - type : text / plain ; charset = " us - ascii " content - transfer - encoding : 8 bit x - mime - autoconverted : from quoted - printable to 8 bit by ccisol . baylor . edu id oaa 21931 status : peggy davies administrative assistant department of finance , insurance , fax ( 254 ) 710 - 1092 peggy _ davies @ baylor . edu | 0 |
Subject: fwd : our conversation today return - path : from : awenda 2000 @ cs . com full - name : awenda 2000 message - id : date : mon , 4 dec 2000 12 : 47 : 07 est subject : our conversation today to : wkamins @ enron . com mime - version : 1 . 0 content - type : multipart / mixed ; boundary = " part 2 _ 12 . 59 ad 86 b . 275 d 329 b _ boundary " x - mailer : unknown sub 111 hi wincenty , it was a pleasure talking to you today . i am enclosing my resume and look forward to talking to you again . best regards bibianna - bibianna res . # 2 . doc | 0 |
Subject: steven roeder ( chemical engineer ) vince , i do not think that there is match with our group but i forwarded steve ' s resume to ford cooper and joe phalen of the water group . regards , osman | 0 |
Subject: ljm pricing vince : here are the files for pricing the deal without and with credit risk : 1 ) without credit risk : 2 ) with credit risk : ( two factor model ) talk to you tomorrow 1 : 00 pm . thanks . paulo issler | 0 |
Subject: organizational announcement fyi . - - - - - - - - - - - - - - - - - - - - - - forwarded by osman sezgen / hou / ees on 04 / 23 / 2001 02 : 29 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - enron energy services from : ees distribution 04 / 23 / 2001 01 : 29 pm sent by : kay chapman to : all ees cc : subject : organizational announcement consistent with the floor talks of a couple weeks ago , we are following up with an e - mail describing the latest changes in our risk and back - office functions that are now complete . ees , s risk management and the vast majority of ees , s risk controls and operations group will become a new group in enron wholesale services . this group , s sole function will be to provide pricing , structuring , commodity risk management , logistics and back - office services for ees . both don black and wanda curry will report to the ews office of the chairman . this change was driven by the explosive growth of ees and the resulting need to tap the systems , resources and risk expertise of the wholesale groups in order to continue to grow and take advantage of current market opportunities . this change will allow us to more quickly capture the benefits of scale , process , and technology in risk , logistics and back - office functions from the larger enron capability . as discussed at the all employee meeting in march , these are important objectives , and this change allows us to reach those goals more quickly . specifically , the following groups within the former ees risk management group , will become a part of this new group reporting to don black : - the gas , power and tariff desks , - the options desk , - the site profiles and consumption desks , and - the matrix products / secondary products desks . the dsm group and iam , along with its execution capability , will remain in ees and report to the ees office of the chairman . we are pleased to announce that ozzie pagan has agreed to lead this function . ozzie is an established commercial dealmaker in ena . he has experience in power trading , origination and plant development . in addition , the services group , which will provide billing , information and other retail services , led by evan hughes , will remain in ees and report to the ees ooc . all support functions , within the former ees risk controls and operations group , that currently support the dsm and the services groups , will remain in ees . the remaining parts of the risk controls and operations group will become part of ews reporting to wanda curry . as part of this change , we are pleased to add evan hughes and ozzie pagan to the ees operating committee . in addition , the structuring group , led by sean holmes , will be re - named deal management . the vision for this group remains the same as that discussed at the all employee meeting ; however , it will also facilitate and ensure productive transaction interaction between ees and ews . we have asked , marty sunde , as part of his vice chairman role , to resource and lead a formal restructuring group to enhance or protect value in several key transactions in our portfolio primarily in california . the newly created it function , led by anthony dayao , will continue to report into the ees ooc but will support both ees and ews it requirements . other than these changes , the organizational structure , vision and objectives detailed out for ees at the all - employee meeting in march remain . we need to continue to understand and drive deeper into our markets , manage our client relationships , mine our portfolio , build new products and execute on our opportunities . thanks for all your hard work . with your help we will become the worlds leading energy retailer and enron , s leading division . if you have any questions please do not hesitate to ask | 0 |
Subject: enside draft good afternoon ! attached , please find the combined interview notes for the first draft of the article for the enside newsletter . read and review your sections - they are divided by color . vince , please check ' everything ' for content and accuracy . feel free to make corrections and delete anything as you see fit . please make changes and then send back to me . i need it by wednesday , april 4 , if possible . call me if you have any questions ! kathie grabstald ews public relations x 3 - 9610 p . s . i am looking forward to the photo shoot on friday , march 30 at 2 : 30 pm . i will meet you all in front of the building at the big e ! | 0 |
Subject: re : marketpoint license agreement dale , thanks for your message . in our phone conversation before the meeting you mentioned another contractual arrangement under which we could work with your company employees on a case - study . the cost of a weekly project would be $ 12 , 000 that would be applied to the purchase price should we go ahead and decide to acquire the software . this project would allow us to evaluate the model and come up with an estimate of the manpower necessary to support the model internally . please , let me know more about this option . we are primarily interested in a long - term natural gas model and the database for north america . unless a familiarity with the short term model is a prerequisite , we don ' t have resources to spend too much time on it . of course , a trading desk may be interested in the short term version of the model . i shall talk to them about it . vince " dale m . nesbitt " on 11 / 13 / 2000 06 : 00 : 05 pm to : , " vince . j . kaminski " cc : subject : marketpoint license agreement john / vince : i really enjoyed the meeting the other day with you and a broad cross section of your people . thank you very much for setting it up , and thank you for giving me the opportunity to speak with your people . as i mentioned to john , i am sending you the license paperwork for marketpoint . i have attached our standard license agreement for your consideration . as i mentioned , the license agreement covers the entire bundled product , which includes ? north american gas , short and long term ? north american electricity , short and long term ? world gas ? western european gas ? world oil we are just finishing porting the world oil , world gas , and western european gas models over from our old ( now obsolete ) software system into marketpoint , so they will not be fully tested and complete for a couple of months . however , the gas and electricity models for north america are presently complete and tested . that should allow us to give you an attractive price before the full worldwide toolkit is available throughout your worldwide business . as i understood it , you will want the gas modeling capability first and will want to defer decisions on electric or other capability . as i mentioned at the meeting , we are prepared to offer that for approximately the fully bundled price . as you read the license agreement , you will see that the software licenses for $ 100 , 000 annually , the gas data for $ 5 , 000 , and the electric data for $ 10 , 000 . marketpoint will agree to license you the gas model plus the data for the software license plus the data license for a total of $ 55 , 000 annually . this is just under the fully bundled price . i think that is consistent with the discussions at our meeting , and from marketpoint , s perspective would provide a great basis to move forward together with enron . if or when enron ever desires to & scale up 8 to another model or model ( s ) from the marketpoint portfolio , we will simply scale you up to the entire license agreement . this will allow you to decouple the gas decision from any other decisions you might make . ( i will be glad to put this additional pricing provision into the agreement if you decide to move forward . ) i felt i was able to communicate the philosophy , scope , and operation of our approach during the meeting and to deliver you much of the information you might need to evaluate whether marketpoint meets your needs . i thought you were able to see the depth and sophistication of the product yet at the same time its simplicity and effectiveness . i thought you were able to see the benefits of the marketpoint dimension of economic equilibrium as a complement and supplement to other approaches you will assuredly use . i would be interested in your impressions and those of your colleagues . i look forward to your response and to moving ahead together . we view you as a very important prospective customer and client and will work with you to earn and secure your business . if you decide to license marketpoint , we can arrange to transfer and mount marketpoint and the short term narg model ( which is the model we suggest you begin with ) and travel to houston to deliver our 1 day training seminar . our clients are usually very fluent after that 1 day training seminar . thereafter , we would want you to work with the short term narg model for a few weeks while you get up to speed , very fluent , and very comfortable before you take delivery of the longer term version of narg several weeks later . thanks again , and all the best . if there is some item from the meeting that i might have forgotten to send , please remind me . my notes don ' t show anything , but i was speaking a lot rather than writing notes during the meeting and might have overlooked something someone wanted . dale nesbitt president marketpoint inc . 27121 adonna ct . los altos hills , ca 94022 ( 650 ) 218 - 3069 dale . nesbitt @ marketpointinc . com - license . doc | 0 |
Subject: re : gsia visit duane , sorry i will miss you . i have a meeting with chester already on my schedule . vince ds 64 @ cyrus . andrew . cmu . edu on 10 / 31 / 2000 03 : 40 : 40 pm to : " vince j kaminski " cc : " chester s spatt " , " pierre - philippe ste - marie " subject : gsia visit vince , this friday during your visit i will be in california for a cousin ' s wedding . i am having miserable luck connecting with you . however , while you are at gsia , chester spatt ( one of my co - authors ) would like to meet with you if your schedule permits . i am copying him on this email so you can contact him directly . please also let peirre ( who is also copied on this email ) know whatever you work out . see you next time i hope , duane * * * * * * * * duane seppi graduate school of industrial administration carnegie mellon university pittsburgh pa 15213 - 3890 tel . ( 412 ) 268 - 2298 fax ( 412 ) 268 - 8896 email ds 64 + @ andrew . cmu . edu | 0 |
Subject: alliance info alert ferc acts to remove obstacles to address western energy crisis * * omnibus order mobilizes ferc ' s entire energy pricing and infrastructure authority * * to adopt financial incentives for capacity increases in transmission facilities * * streamlines regulation of wholesale market , energy facilities siting and licensing * * promotes conservation and wholesale side of demand - response bidding * * order doesn ' t address price caps * * meeting with western state regulators / officials set for april 6 , 2001 in boise , idaho ferc moves to bring more economic and reliable energy supplies to the stressed california and western energy markets . ferc proposes to increase bulk power supply in the west by removing barriers and providing incentives that are within its jurisdiction over facility certification , licensing , and the regulation of transmission and wholesale power sales in interstate commerce . ferc quickly wants to increase electric generation and transmission capacity , as well as to streamline the regulation of wholesale power transactions , as well as increase the capacity of the supporting infrastructure of natural gas and oil pipelines . the order , which sets new precedent in its broadness , also proposes actions to reduce electricity demand in the west as well as promoting the necessary wholesale - market portion of demand - response bidding where states wish to implement the retail side . ferc asks for comments on additional actions it may take in the future by march 30 , 2001 . effective immediately , ferc said in a statement , * the commission is streamlining regulatory procedures for wholesale electric power sales , expediting the certification of natural gas pipeline projects into california and the west , including the reallocation of staff resources to more quickly address pending pipeline applications , and urging all licensees to review their ferc - licensed hydroelectric projects in order to assess the potential for increased generating capacity . * among the actions ferc takes are to : 1 ) require the california iso and transmission owners within all 11 states of the western systems coordinating council ( wscc ) to prepare a list of grid enhancements that can be completed in the short term ; 2 ) waive prior notice requirements for any on - site or self - generators that sell at wholesale within the wscc area ; 3 ) grant blanket market - based rate authority for sales on the wholesale market of electric energy that becomes available as a result of demand - response reductions in retail and wholesale loads ; and 4 ) broadening and extending through december 31 , 2001 the temporary waivers of the operating and efficiency standards for qualifying facilities ( qfs ) to increase the availability of generating capacity . ferc seeks comments by march 30 on a series of economic incentives aimed at ensuring timely upgrades to the western transmission grid , including an increased rate of return on equity ( roe ) for projects that significantly increase transmission and can be in service by either june 1 , 2001 , or november 1 , 2001 . other areas that ferc requested comment on include the use of interconnection authority under the federal power act , and to raise the dollar limits on the issuance of blanket certificates authorizing gas pipeline construction . on hydro issues , ferc requested comment on ways to increase operating flexibility at ferc - licensed projects while protecting environmental resources . in its effort to encourage investment in transmission infrastructure , ferc asked for comments - again by march 30 - on a series of economic incentives aimed at ensuring upgrades to the western interconnection , including the increased roe for projects that significantly increase transmission on constrained paths and can be in service by the above dates in 2001 . increased roe , ferc said , will also be given to system upgrades over new transmission paths that can be in service by june 1 , 2002 , or november 1 , 2002 . ferc seeks comment on a proposed 10 - year depreciation period for projects that increase transmission capacity in the short - term and a 15 - year depreciation period for upgrades involving new rights - of - way that can be of service by november 1 , 2002 . in his dissent to the order , commissioner massey argued the order focuses on " quick fixes , " and that the measures will not close the gap between supply in demand in california . the order also " fails to address price relief , " noted massey . massey also called for a full federal power act ( fpa ) section 206 investigation of california issues , which would allow for the possibility of refunds . on transmission incentive provisions , massey lamented that the proposed roe increase to 14 percent appeared arbitrary and inconsistent with ferc policy under order no . 2000 . the financial provisions , he said , appeared to be " just throwing money at the problem . " while generally disappointed with the order , massey did express limited support for many parts of the order . many of the suggestions in the order are the " same actions as authorized last may , " said massey . " they were good ideas then , and they are good ideas now , " he concluded . for his part in comments at the open meeting when the order was adopted , chairman hebert said the order was designed to " squeeze every additional mw of supply available " and to encourage the conservation of mw , and stressed that ferc is " doing all it can in its power to alleviate western problems . " he said the order seeks to eradicate the projected supply shortfall in california , but noted that generation / transmission siting , and conservation are generally state issues . ferc ' s * removing obstacles * order is posted on its web site at : citation : ferc issued is order removing obstacles to increased electric generation and natural gas supply in the western united states and asking for comments was issued on march 14 , 2001 , docket no . elol - 47 - 000 . a detailed analysis and summary of the specific actions taken and proposals made follows : electric transmission infrastructure within 30 days , the california iso and transmission owners in wscc are to prepare and file for information purposes a list of grid enhancement projects that may be underway or may not require initial siting and acquisition of rights of way . ferc proposes a scaled transmission infrastructure incentive under which transmission owners of projects that increase transmission capacity at present constraints and can be in service by july 1 , 2001 would receive a cost - based rate reflecting a 300 basis point premium return on equity and a 10 - year depreciable life . projects in service by november 1 , 2001 , would get a 200 basis point premium and 10 - year depreciable life . ferc would use a uniform baseline return on equity for all jurisdictional transmission providers in wscc of 11 . 5 % , based on the roe ferc approved for southern california edison . system upgrades that involve new rights of way , add significant transfer capability and can be in service by november 1 , 2002 , would get a cost - based rate reflecting 12 . 5 % roe , or al 00 basis point premium , and 15 - year depreciable life . facilities needed to interconnect new supply to the grid , which go into service as required to accommodate the in - service date of the new plant would get a cost - based rate that reflected a 13 . 5 % roe , or a 200 basis point premium , if in service by november 1 , 2001 and 12 . 5 % roe if in service by november 1 , 2002 . for increases in transmission capacity on constrained interfaces that do not involve significant capital investments , for example , installing new technology , ferc proposes to allow transmission owners to increase the revenue requirement of their network service rates to ensure that each additional mw of capacity will generate revenues equal to their current firm point - to - point rate . ferc requests comment on whether to assign the cost of any interconnection or system upgrade to a particular load or supply , or alternatively , to roll these costs into the average system rate . extension of waivers for qfs ferc proposes to extend its temporary waivers of operating and efficiency standards for qfs - applicable throughout wscc - to allow increased generation through december 31 , 2001 . the waivers were to expire on april 30 , 2001 . the proposed waiver would allow qualifying cogenerators to sell their output above the level at which they have historically supplied this output to purchasing utility . the waiver for qualifying small power production facilities in wscc with respect to their fuel use requirements under ferc regulation section 292 . 204 ( b ) , would be extended to december 31 , 2001 . additional capacity from on - site generation ferc will adopt streamlined regulatory procedure to accommodate wholesale sales from such facilities that serve load within wscc . through december 31 , 2001 , owners of generating facilities located at business locations in wscc and used primarily for back - up or self - generation who would become subject to fpa by virtue of sales of such power will be permitted to sell power at wholesale without prior notice under fpa section 205 . ferc also authorizes such power to be sold at market - based rates . ferc waives its prior notice requirement for mutually agreed upon interconnection agreements for interconnections necessary to accomplish these sales . quarterly reporting is required . allows demand response bidding ferc will allow retail customers , as permitted by state law , and wholesale customers to reduce consumption for the purpose of reselling their load reduction at wholesale . ferc is granting blanket authorization , consistent with its prior discussion on sales from on - site generation and requires similar reporting . ferc ' s december 15 order on the california market directed , as a longer - term measure that the iso pursue establishing an integrated day - ahead market in which all demand and supply bids are addressed in one venue . ferc seeks comments on the desirability of accelerating action on this . ferc says it realizes that states play an important role in regulating retail electric service and that allowing retail load to reduce consumption for resale in wholesale markets raises legal , commercial , technical and regulatory issues . safeguards may be needed to protect and enhance retail demand - response bidding programs . intention is not to undermine state programs but to promote the necessary complementary wholesale programs . requests comments on how helpful this action is and how it can be accomplished consistent with state jurisdiction over retail sales . contract modifications for demand - response bidding there may be opportunities for public utilities to make other types of demand - response arrangements with their wholesale customers . as for mutually agreeable qf interconnections , ferc will waive prior notice requirement for any mutually agreeable demand - response related rate schedule amendments that may be required to effectuate these arrangements . clarifies that demand - response program costs should be treated consistently with all other types of incremental and out - of - pocket costs . interconnections fpa section 210 ( d ) allows ferc to issue an order requiring interconnection if it makes a finding that such an order : 1 ) is in the public interest ; 2 ) would encourage overall conservation of energy or capital , optimize the efficiency of use of facilities and resources , or improve the reliability of any electric utility system or federal power marketing agency to which the order applies ; and 3 ) meets the requirements of fpa section 212 . ferc requests comments on whether it can use this authority under fpa section 210 ( d ) to alleviate existing impediments to electricity reaching load . if the exercise of this authority may be warranted , ferc seeks comments on whether it could make some of the required findings generically for the wscc region in order to respond quickly should circumstances arise requiring immediate action . longer term regional solutions ferc believes an rto for the entire western region or the seamless integration of western rtos is the best vehicle for designing and implementing a long - term regional solution . natural gas pipeline capacity ferc has realigned its resources to respond to new applications for gas pipeline capacity and is soliciting comments on ways to expedite the approval of pipeline infrastructure needed to serve california and the west . requests comments on how it might further exercise its authority over new pipeline construction to alleviate the present crisis , including increasing the dollar limit thresholds for blanket certificates to $ 10 million , and for prior notice authorizations to $ 30 million in order to increase the facilities qualifying for automatic authorization ; offering blanket certificates for construction or acquisition of portable compressor stations to enhance pipeline capacity to california ; and offering rate incentives to expedite construction of projects that will make additional capacity available this summer on constrained pipeline systems . hydroelectric power ferc staff will hold a conference to discuss methods to address environmental protection at hydro projects while allowing increased generation . requests comments on ways to allow for greater operating flexibility at commission - licensed hydro projects while protecting environmental resources . comments should consider : 1 ) methods for agency involvement ; 2 ) ways to handle and expedite endangered species act consultations ; 3 ) criteria for modifying licenses ; and 4 ) identification of processes that could be implemented to provide efficiency upgrades . oil pipelines ferc will explore with oil pipelines innovative proposals that could lead to ensuring an adequate flow of petroleum product into the california market . conference with state commissioners ferc will hold a one - day conference with state commissioners and other state representatives from western states to discuss price volatility in the west as well as other ferc - related issues identified by the governors of western states . by notice issued march 16 , this meeting is scheduled for april 6 , 2001 in boise , idaho . [ source : ferc 03 / 14 / 01 order , docket elol - 47 - 000 , and news release . ] - text . htm | 0 |
Subject: last minute things tff participants , we are looking forward to seeing everyone in san antonio this friday . attached is a welcome letter that indicates the meeting room and describes the two evenings ( friday dinner and tour of the alamo and saturday barbeque dinner at a ranch outside of san antonio ) . we have arranged for five horses for the brave at heart and a hayride for the interested so come with jeans and boots . see you friday john - welcomel . doc john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html | 0 |
Subject: re : forward prices simulations in the credit reserve model bill and mark , the figure below shows you what happens when we simulate forward prices using current methodology of our credit reserve model . the time scale on this figure goes from 0 to 30 years . i started with $ 5 . 2 gas prices at time 0 and used the ng forward volatility curve which has 50 % volatilities in the front and 13 . 5 % vols for long - term contracts . you can see from the figure , that , for example , at 30 years horizon the price will be more than $ 13 . 4 with probability 5 % but less than $ 22 . 1 with probability 99 % . the corresponding lower bounds are $ 1 . 17 and $ 0 . 71 . tanya from : william s bradford / enron @ enronxgate on 03 / 26 / 2001 11 : 22 am to : mark ruane / enron @ enronxgate , naveen andrews / enron @ enronxgate , tanya rohauer / enron @ enronxgate , debbie r brackett / hou / ect @ ect , tanya tamarchenko / hou / ect @ ect , rabi de / na / enron @ enron , wenyao jia / enron @ enronxgate cc : subject : re : gbm vs reversion both seem to provide fairly unrealistic values . $ 50 gas over the term seems improbable , however , a $ 6 gas peak does not represent capture all potential price movement at 99 % confience interval . what were your assumptions on price curves , volatilty curves , and trend reversion ? bill - - - - - original message - - - - - from : ruane , mark sent : monday , march 26 , 2001 11 : 11 am to : bradford , william s . ; andrews , naveen ; rohauer , tanya ; brackett , debbie ; tamarchenko , tanya ; de , rabi ; jia , winston subject : gbm vs reversion a quick example of the impact of using gbm based simulation : based on a five year swap , the expected losses are 18 % higher as a result of gbm . attached chart shows the relative long - term gas prices under both processes . > mark | 0 |
Subject: reply to your email / ignore my voicemail please respond to vince : thanks for that . i just wanted to get a sense from you who the right people are and how i can establish effective contact . when he went on to different responsibilities , john goodpasture suggested i get the dialog going with the right commercial people in enron . i will be in your neighborhood in the 200 pm time range and will give you a quick call . that will conserve your valuable time and hopefully get me in touch with the right people . i am reading this after your voicemail , so this supersedes that . dale - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : tuesday , may 01 , 2001 6 : 03 am to : dale . nesbitt @ marketpointinc . com cc : vince . j . kaminski @ enron . com subject : re : get together this coming tuesday ? dale , i can reserve 2 to 2 : 30 time slot but there is really not much that i can tell you at this point . the commercial groups are still interested and are moving towards the test of the package . as soon as they will decide to move ahead , we ( research ) shall be involved , helping to evaluate the product . as i have said , we are not the decision makers in this case . i think that we should allow simply the process to run its course . vince " dale m . nesbitt " on 04 / 30 / 2001 05 : 59 : 30 pm please respond to to : cc : subject : re : get together this coming tuesday ? vince : i will call tomorrow in the morning . lunch or right after lunch would be great . how would 100 pm work for you ? dale - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : monday , april 30 , 2001 3 : 07 pm to : dale . nesbitt @ marketpointinc . com cc : kimberly . watson @ enron . com ; vince . j . kaminski @ enron . com subject : re : get together this coming tuesday ? dale , please , call me on tuesday . my morning schedule is full but i am open in the afternoon . vince " dale m . nesbitt " on 04 / 30 / 2001 01 : 51 : 21 am please respond to to : " vincent kaminski " , " kimberly s . watson " cc : subject : get together this coming tuesday ? vince / kim : i am flying to houston tonight and wondered if it would fit one or both of your schedules to get together this coming tuesday sometime for 1 / 2 hour or so . i really want to reinitiate the conversations marketpoint was having with john goodpasture and you , and he said either or both of you were the right people to continue after his responsibility shift . john was quite positive about the idea of enron acquiring marketpoint narg through license , and he implied that one or both of you would be carrying the ball in that direction after he handed it to you . would this coming tuesday morning at 930 am be a good time for you guys ? if so , please give me an email shout at the above address or leave a message on my voicemail at ( 650 ) 218 - 3069 . i think you will be truly impressed with the scope and progress we have been able to make with both the short run narg and the long run narg in which you were interested ( not to mention our power model ) . the progress is noticeable since you saw it . both long and short term narg are having quite an impact on a number of gas decisions at the moment ranging from venezuelan lng , north american lng import terminals and term , gas basis calculations , trading support , power plant development , gas - to - power price spreads in key markets , veracity of heat rate trades , bank financings , storage field evaluation , and which new pipelines we can expect to see enter and which are dogs . i really hope we can fit it in and get our discussions moving in a mutually productive direction again . i think narg can help you become even more successful , and i look forward to working with you . we have a new office address and new phone number as well . ( we move in may 1 . ) altos management partners 95 main street , suite 10 los altos , ca 94022 ( 650 ) 948 - 8830 voice ( 650 ) 948 - 8850 fax ( 650 ) 218 - 3069 cellular give the phones a week or so to get " debugged " and then switch over . dale | 0 |
Subject: risk 2000 panel discussion hello everyone : vince kaminski would be available for a conference call on wednesday , may 31 at 10 : 00 or 11 : 00 am est . the rest of the day is rather full . please let me know if either time is convenient for you . if not , maybe we could do it on june 1 - he is free most of the day with the exception of 12 : 30 - 2 : 00 est . look forward to hearing from you . thanks ! shirley crenshaw administrative coordinator enron corp . research 713 - 853 - 5290 email : shirley . crenshaw @ enron . com | 0 |
Subject: re : eprm conferences hi paul , ? thanks for the e - mail . sorry i missed your calls this morning but i was at the dentist , where its difficult to speak at the best of times ! ? i ' m sorry but it doesn ' t look like we will be able to commit to ? the eprm var conference . we are still a small company and the trip would tie us up for over a week . i ' m sure you ' ll understand that internally we just can ' t justify ? the two senior members of the company ? to be away on eprm business and to have to pay money from our own pocket ? to run this course for you . it was a difficult decision originally to ? offer our services at expenses only with no fee , but we did so for the potential opportunity to work some more with vince . ? good luck in your search for alternative course leaders . ? best regards . ? chris . ? ? dr chris strickland ? director , lacima group ltd www . lacimagroup . com ? school of finance and economics , university of technology , sydney financial options research centre , university of warwick , uk ? ? ? - - - - - original message - - - - - from : paul bristow to : chris @ lacimagroup . com sent : thursday , february 22 , 2001 8 : 13 am subject : fw : eprm conferences hi chris , ? just an extra note regarding the course . if the reimbursements are suitable i would like to finalise the line - up asap ( vince and a european enron representative ) . if you were unable to participate i would need to offer alternative invitations by the end of this week . ? all the best , ? paul ? ? ? - - - - - original message - - - - - from : paul bristow [ mailto : pbristow @ riskwaters . com ] sent : wednesday , february 21 , 2001 9 : 13 am to : ' chris strickland ' subject : re : eprm conferences hi chris , ? i ' ve been looking at the forward plan and the total budget for speaker expenses is 5500 pounds ( us keyboard , no pound sign ) . at current exchange rates this comes to a little over 15 , 000 australian dollars . i would be happy to cover your expenses up to this figure . ? the course is scheduled to run in amsterdam ( not london as originally planned ) and houston . the dates are slightly flexible ? to ? work with your travel schedules . for instance , would you prefer to travel to sydney - houston - amsterdam - sydney , or in the opposite direction ? ? if you could contact me to ? let me know if this would ? enable you to commit to the course , i would be delighted to forward the notes from the research . i would plan to then work on the outline until march lst . i look forward to speaking with you soon . ? best wishes , ? paul bristow ? - - - - - original message - - - - - from : chris strickland [ mailto : chris @ lacimagroup . com ] sent : tuesday , february 06 , 2001 5 : 18 pm to : pbristow @ riskwaters . com subject : re : eprm conferences hi paul , ? bit of a busy morning here - i ' ll be out for about 1 . 5 hrs ( 9 . 15 sydney time ) . if we don ' t catch up today , i ' ll call tomorrow . ? chris . ? - - - - - original message - - - - - from : paul bristow to : ' chris strickland ' sent : tuesday , february 06 , 2001 1 : 33 am subject : re : eprm conferences hi chris , ? i would like to confirm the dates of some of the forthcoming eprm events : ? effective var and stress testing techniques for the us energy industry . this event will run on the 21 & 22 may in london and the 28 & 29 may in houston . michele du berry ( director of conferences ) and i are looking at how we have structured the training courses and are keen to present a different outline than on previous courses . i would like to run this event with 2 - 3 trainers per venue , rather than with 7 - 8 as we have done in the past . if you and les clewlow would be interested in leading this course ( possible with vince kaminski ) i would be delighted to discuss the event in greater detail . ? energy & power risk management , europe . our largest annual european event is scheduled to between september 19 - 21 . victoria kerridge will be producing this event from the london office and will be starting research in two weeks . i am going to be providing her with a brief and will ensure that she has your contact details . ? i have also been finalizing the details for the annual energy & power risk management event in houston . this will take place on may 14 th & 15 th and is close to completion . i would be happy to provide you with more details , without potentially running the risk of overloading your schedule with a number of events in a short space of time ( var and eprm , houston ) . my priority is to secure trainers for our var course . ? if you would be interested in any of the events listed , i would be happy to talk with you this week . my direct line is 212 925 6990 , extension 225 . ? best wishes , ? paul bristow ? ? - - - - - original message - - - - - from : chris strickland [ mailto : chris @ lacimagroup . com ] sent : sunday , january 28 , 2001 8 : 02 pm to : pbristow @ riskwaters . com subject : eprm conferences hi paul , ? just a note so that you have my address . do you have dates for the us and european conferences yet ? i ' m sure that we can arrange other work at the same time to offset the expenses of speaking at these events if you want us to participate . ? you also mentioned a training course on var and the energy area . we had an eprm article last year with vince on a comparison of the different techniques on a trial portfolio that might form the basis of something useful . anyway , let me know . ? best regards . ? chris . ? ? ? ? | 0 |
Subject: re : i was very pleased to get your note and wish that i could be of help with respect to a phd program . unfortunately our only related program here is in statistics . i would suggest that you contact professor sheridan titman at the university of texas in austin . good luck , john at 05 : 31 pm 1 / 12 / 01 + 0600 , you wrote : > dear mr . martin , > having visited your web page http : / / hsb . baylor . edu / html / martinj / i have > found information about your research paper . i have a similar area of > interests and i am keen to pursue a degree in finance program . i am > especially interested in the following areas : > > 1 . valuation of the exotics style options > 2 . credit portfolio models - assessment of the value at risk of a > non - investment grade eurobonds portfolio and contributions of the > individual assets to portfolio risk > 3 . estimation of expected default frequency for individual default risk > > if you have any open ph . d . student positions for the fall 2001 , please do > not hesitate to get in touch with me . > > > i have the following background : > > i graduated ( m . s . ) from moscow institute of physics and technology in 1998 , > majoring in economics and applied mathematics , with a degree in applied > mathematics gpa 4 . 5 / ( 5 . 0 ) . diploma matter as " mathematical methods in the > modern theory of oligopoly " . i have three and a half years working > experience in bank and investment company in russia and kazakhstan . i had > been working on the following positions : > > 1 . trader - fixed income , equities , futures , forwards , swaps , options , money > market . > > 2 . analyst - estimation of the market value of illiquid equities , valuation > of principal protected notes and reverse convertible notes , valuation of > exotics options . > > 3 . risk manager - risk management in banking currency , margin and liquidity > risks . > > 4 . portfolio manager - management of the banking securities portfolio using > mathematical and statistical approach . > > articles : > > 1 . custodian ' s functions and its role in the management of securities > portfolios . " securities market journal " . june , 2000 > > 2 . options as an instrument for receiving guaranteed income . " securities > market journal " . december , 2000 > computer languages : visual basic , pascal , and fortran > > i have got the following scores : > > 1 . gre - 1810 ( v - 290 , q - 800 , a - 720 ) > > 2 . toefl 563 > > > > look forward to hearing from you . > > sincerely , > > yeremenko alexey > > e - mail : aeremenko @ turanalem . almaty . kz > > > > > 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: old and new extensions hello , may i please have several lines disconnected from my phone and several new lines added . you can delete 36336 and 33135 . you can delete 33376 and 39719 also 34768 . will you please add 36615 and 34305 will you add please jose marquez extension , a new hire . ( a new number ) also add 39737 and 36286 . r . c . 100038 co . # 0011 thanks kevin moore any questions please feel free to call . x 34710 | 0 |
Subject: re : rice / enron finance seminar series thank you , vince . we look forward to another successful seminar series . i will check into getting a mug design and get cost figures for you . we ' ll get something done this summer so that we are ready to go for the fall . bbo at 02 : 45 pm 5 / 25 / 00 - 0500 , you wrote : > barbara , > > we shall extend the funding for the seminar in the fall for the next > season . > > i shall be glad to cover the cost of a coffee mug with our logos . can you > identify a > producer who can come up with a design ? > i think that we may use the company that produces > rice memorabilia . > > i shall run the design through our pr department and then we can have it > produced . > > vince > > > > > > barbara ostdiek on 05 / 24 / 2000 01 : 15 : 12 pm > > to : vince . j . kaminski @ enron . com ( vince kaminski ) > cc : > subject : rice / enron finance seminar series > > > vince : > > i have checked with our accounting folks and it looks like the balance in > the seminar account is under $ 5000 . this will get us going in the fall so > we have some flexibility for the next enron funding - whatever works best > on your end . > > also , i am interested in pursuing the idea of designing some sort of a gift > - a coffee cup perhaps - to give to our seminar guests . i think we could > do something neat with the enron and rice / jgs logos that folks would be > happy to display on their shelf or desk top . what do you think ? > > as always , thank you so much for your support of our efforts over here . it > is truly appreciated . > > bbo > > > > barbara ostdiek 713 - 348 - 5384 ( voice ) > assistant professor of finance 713 - 348 - 5251 ( fax ) > jones graduate school of management ostdiek @ rice . edu > rice university www . ruf . rice . edu / ~ ostdiek / > 6100 main street - ms 531 > houston , tx 77005 - 1892 > > > > > | 0 |
Subject: re : mscf speaker series / recruitment thanks for your message . a call sometimes between 7 : 00 and 8 : 00 is fine . i come to the office around 7 : 00 traffic permitting . vince pierre - philippe ste - marie on 08 / 02 / 2000 07 : 38 : 42 am to : vkamins @ enron . com cc : subject : mscf speaker series / recruitment dear mr . kaminsky , mr . bryant informed me of the possibility of having you as a guest speaker for our speaker series . it would be a great honor and a pleasure for me to help you organize a trip to pittsburgh . would it be possible to give you a call tomorrow ( thursday ) at 7 . 00 am central time ? sincerely , pierre - philippe ste - marie | 0 |
Subject: super saturday participation and off - cycle interview request thank you for volunteering your time for this weekend ' s super saturday . we appreciate your commitment to enron ' s recruiting success . at this time we do have an adequate number of interviewers and will not need you to sacrifice your saturday . however , as last minute changes occur in the interview schedule we may have to contact you for back up . although we are in good shape so far for saturday , our off - cycle recruiting department is looking for interview volunteers for the following dates : thursday , november 9 th from 9 : 00 a . m - 12 : 00 p . m thursday , november 16 th from 9 : 00 a . m . - 12 : 00 p . m . thursday , december 7 th from 9 : 00 a . m . - 1 : 00 p . m . over 50 candidates will be interviewing over these 3 days . the candidates will be a combination of associates and analysts representing schools such as princeton , harvard , university of north carolina , notre dame , university of illinois , emory and many others . each candidate will have 4 interviews . pending the outcome of their interviews we will invite them to stay and attend super saturday that weekend . if for some reason we decide not to further pursue the candidate , we will fly them home that friday morning . we are asking enron employees manager level or higher to volunteer at least one hour to interview candidates ( you will see two candidates in that time ) . if you can volunteer for more than an hour or for more than just one of the stated dates , that would be great ! your help is needed ! please contact cathy lira , at cathy . lira @ enron . com or x 54049 as soon as possible , if you can volunteer any time for interviewing . thanks again for your participation in the associate & analyst programs . | 0 |
Subject: re : thursday visit frank , we shall have about 30 people , highly technical ( ph . d . , m . s . level ) . a presentation of 45 minutes would be optimal , assuming you may arrive around 11 : 45 - 12 : 00 . we shall get the projector for you . please , keep all the receipts for refund . vince " francis x . diebold " on 12 / 18 / 2000 09 : 47 : 16 am to : vince . j . kaminski @ enron . com cc : shirley . crenshaw @ enron . com subject : re : thursday visit excellent , vince ! yes , i will be happy to make a presentation . do you have a projector to which i could simply hook up my laptop ? could we also have an overhead projector as a backup ? many thanks , frank p . s . how long is optimal ? how large an audience and what are the participants ' backgrounds ? vince . j . kaminski @ enron . com wrote : > frank , > > we are located at 1400 smith . any cab driver can identify the enron > building . when you arrive , > please , call me at 3 - 3848 from the reception to be admitted into the > building . > > alternative phone numbers : 3 - 5290 ( my assistant shirley crenshaw ) . you can > also try to call me on > my cell phone : 713 898 9960 . > > the research group meeting starts at 11 : 30 and lasts till 1 : 00 . can you > make a presentation > about your research projects ? what audio / video equipment do you need ? what > sandwich would > you like to have for lunch ? > > we shall make a hotel reservation for you thursday night . > > vince > > " francis x . diebold " on 12 / 18 / 2000 07 : 02 : 46 am > > to : vince kaminski > cc : bmierts @ enron . com > subject : thursday visit > > hi vince , looking forward to seeing you thursday . i arrive at houston - bush > on usair 1769 at 10 : 55 am . please let me know where to go . i also want to > verify that you have booked me a hotel for thurs night . many thanks , and > see you soon , frank > > - - > francis x . diebold > wp carey professor > > department of economics > university of pennsylvania > 3718 locust walk > philadelphia , pa 19104 - 6297 > > fdiebold @ sas . upenn . edu > http : / / www . ssc . upenn . edu / ~ diebold > > ( 215 ) 898 - 1507 telephone > ( 215 ) 573 - 4217 fax - - francis x . diebold wp carey professor department of economics university of pennsylvania 3718 locust walk philadelphia , pa 19104 - 6297 fdiebold @ sas . upenn . edu http : / / www . ssc . upenn . edu / ~ diebold ( 215 ) 898 - 1507 telephone ( 215 ) 573 - 4217 fax | 0 |
Subject: re : test dear vince : the email address of candice is cgkao @ mtholyoke . edu i will email you her phone number at mount holyoke this evening . regards ed on wed , 18 apr 2001 vkamins @ ect . enron . com wrote : > test > > vince > > | 0 |
Subject: re : powerisk 2001 - your invitation angelika , thanks for the invitation . yes , i shall be glad to attend and repeat the same presentation . vince angelika staude on 04 / 09 / 2001 04 : 19 : 08 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : powerisk 2001 - your invitation powerisk 2001 the global premier forumforenergy trading & risk management 6 th - 9 th november 2001 , paris dear mr kaminski , i am responsible for the programme of this year ' s powerisk conference in paris . helyette geman has informed me that she has contacted you concerning the workshop and that you are happy to do it with her again this year - brilliant ! i would like to know if you are also interested in delivering a paper again . the audience in previous years greatly appreciated your contribution , and i would me more than happy if you could join us again . to give you an idea of the programme so far , these are the ( " technical " ) topics that are already covered : chris strickland : forward curve models with jumps for the pricing of exotic energy contracts multi - factor forward curve models for the valuation of energy contracts adding jumps applying the models to exotic energy options extensions to multiple energy contracts les clewlow : valuation and risk management of virtual power stations and gas supply agreements structures of gas supply agreements ( gsa ) relationships between physical and virtual power stations ( pps / vps ) valuation methods for gsa ' s and vps ' s risk analysis of gsa ' s and vps ' s derek bunn , professor of decision sciences , london business school : analysing the impact of neta on market efficiency & volatility in the uk energy market chris harris , director of market development . operations and engineering , innogy : applying cutting - edge portfolio management theory in order to optimise your risk exposure establishing and valuing the key factors using a bottom up approach looking at the interconnection between key factors the treatment of the risk of infrequent but high impact events peter nance , principal , teknecon : combining power systems and monte carlo simulations for effective pricing dan mansfeld , head of risk control , vattenfall : assessing the benefits and risks of using derivatives as part of your risk management strategy spyros maragos : analysing new approaches to building forward curves from available market data tamara weinert , credit and contracts manager , mirant energy : successfully measuring limit setting ; risk reducing structures importance of credit in the organizational structure : reporting ; dependence ; structure of credit department brett humphreys : examining cutting - edge credit exposure mitigation tools : combining counterparty and portfolio credit var techniques helyette geman : pricing of exotic energy derivatives and structured contracts please let me know if you are interested in joining the powerisk 2001 speaker panel , and which topic you would like to cover . i think that something along the lines of last year ' s talk ( state - of - the - art volatility and correlation estimation techniques for multiple energy portfolios ) would be brilliant again , but please feel free to chose something else that has not been covered yet . i look forward to hearing from you , kind regards , angelika staude director powerisk 2001 tel : 0044 207 915 5675 fax : 0044 207 915 5101 ps : for your information , please find enclosed a list of confirmed speakers for powerisk 2001 . - confirmed speakers . doc | 0 |
Subject: re : resume vince , could you give him ( bill ) a call at 1 or 2 on friday cst ? his cell phone is 918 - 625 - 6683 . marshall brown vice president robert walters associates tel : ( 212 ) 704 - 0596 fax : ( 212 ) 704 - 4312 mailto : marshall . brown @ robertwalters . com http : / / www . robertwalters . com > - - - - - original message - - - - - > from : vince . j . kaminski @ enron . com [ smtp : vince . j . kaminski @ enron . com ] > sent : monday , march 12 , 2001 6 : 36 pm > to : marshall . brown @ robertwalters . com > cc : vince . j . kaminski @ enron . com > subject : re : resume > > > marshall , > > i am catching up with my mail . we would like to talk to this candidate as > well > ( phone interview ) . > > vince > > > > > > marshall brown on 02 / 21 / 2001 12 : 36 : 39 > pm > > to : vince kaminski > cc : > subject : resume > > > vince , > this candidate would be interested in speaking with you . > regards , > > marshall brown > vice president > robert walters associates > tel : ( 212 ) 704 - 0596 > fax : ( 212 ) 704 - 4312 > mailto : marshall . brown @ robertwalters . com > http : / / www . robertwalters . com > > > > > > > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > caution : electronic mail sent through the internet is not secure and could > be intercepted by a third party . > > this email and any files transmitted with it are confidential and > intended solely for the use of the individual or entity to whom they > are addressed . if you have received this email in error please notify > the system manager . > > this footnote also confirms that this email message has been swept by > mimesweeper for the presence of computer viruses . > > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > ( see attached file : kour _ vas . doc ) > > > | 0 |
Subject: nymex chris , the first file might have gone to a wrong chris long . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 09 / 27 / 2000 05 : 33 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : v charles weldon 09 / 27 / 2000 12 : 22 pm to : christopher . long @ enron . com cc : mike a roberts / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : nymex chris , here is the analysis you requested . let me know if i can be of any further assistance . charlie weldon | 0 |
Subject: revised 10 cpm color copier information kevin , i revised the cost on the 10 cpm tab under cpi : - - > thanks , iain . . . . . . . . . . . . . . . . . . . - - - - - - - - - - - - - - - - - - - - - - forwarded by iain russell / epsc / hou / ect on 02 / 01 / 2000 10 : 05 am - - - - - - - - - - - - - - - - - - - - - - - - - - - color copier information from : iain russell on 01 / 31 / 2000 11 : 45 pm to : kevin g moore / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , carole rogers / epsc / hou / ect @ ect subject : color copier information | 0 |
Subject: thank you dear dr . kaminsky : i want to thank you for interviewing me last friday and inviting me back for a follow - up interview . it was a pleasure to meet you and other members of your staff . my interest in working for enron research was strengthened as a result of the interview . i was most impressed by the quality and diversity of talents within your group . my proficiency in probabilistic analysis and experience in engineering and financial risk management fit nicely with the activities of your group . i have a demonstrated ability to adapt my skills with changing business needs . as a member of shell research , i supported internal clients from different business units . i am confident that i could make a significant contribution to your organization over time . i want to reiterate my strong interest in working with you and your staff . you provide the kind of opportunity i seek . i look forward to seeing you again on my follow - up interview next week . again , thank you for the interview and your consideration . sincerely , rabi s . de ? do you yahoo ! ? yahoo ! mail - free email you can access from anywhere ! | 0 |
Subject: re : a friend of mine vince , thank you very much for the follow up report . i am sure richard will be very enthusiastic about the opportunity to speak with you and your team . i appreciate your help , and please feel free to contact me if you or shirley need assistance with logistics . again , thank you and i look forward to working with you again this recruiting season . regards , kristin - - - - - original message - - - - - from : kaminski , vince sent : wednesday , may 02 , 2001 8 : 27 am to : gandy , kristin subject : re : a friend of mine kristin , thanks a lot for the resume . we shall arrange a phone interview with richard . this is out standard procedure . a phone interview is followed by the on - site interview , after we determine what is the best team to interview the candidate . vince from : kristin gandy / enron @ enronxgate on 05 / 01 / 2001 05 : 14 pm to : vince j kaminski / hou / ect @ ect cc : subject : a friend of mine vince , last week i was contacted by one of my friends who is very interested in becoming an enron employee . he has a phd and several years research and lab experience . richard is afraid that being a phd is a dying breed and may need to go back to school to obtain an mba . i was wondering if you would mind looking at the attached resume to assess if you have any interest in richard , or if you feel i should encourage him to go back to school . i am unclear as to the qualifications for your group so i apologize if this request is way off base . thank you for your help , kristin gandy associate recruiter enron corporation 1400 smith street eb 1163 houston , texas 77002 713 - 345 - 3214 kristin . gandy @ enron . com > | 0 |
Subject: re : aiesec polska - eurolds 2000 czesc wicek , dzieki za notke . spotkalem sie z ta osoba w ubieglym tygodniu - niestety ale wczesniej bylem na urlopie i nikt mi nie sygnalizowal nic na ten temat . a . wodnicki niestety pomieszal fakty i moj numer kontaktowy dostal od ciebie a nie twoj ode mnie - tak jak pisze w swojej notatce . biorac pod uwage , ze pozostalo niecale 7 dni od dnia mojego z nim spotkania do dnia rozpoczecia - nie bylo fizycznej mozliwosci wprowadzenia enron formalnie jako sponsora - zwlaszcza biorac pod uwage , ze caly pr dept . jest zaangazowany w otwarcie siedziby w londynie jutro i pojutrze a aiesec potrzebowal ode mnie decyzje i pieniadze w piatek czyli dwa dni temu . jedyne co moglem zrobic ( i zrobilem ) to wprowadzilem ich do kilku innych instytucji ( czytaj kolegow z hz ) ktorzy mogli podjac decyzje szybciej . pan andrzej wodnicki niestety przyznal sie do organizacyjnego balaganu w wyniku ktorego zagubiono moje namiary telefoniczne i faksowe , a nikt nie pomyslal o zajzeniu do ksiazki telefonicznej po numer naszego biura w warszawie . drugi problem to to ze zabral sie on za organizacje dodatkowych srodkow na dwa tygodnie przed rozpoczeciem imprezy . niestety nic wiecej instytucjonalnie nie moglem dla nich zrobic . zasugerowalem tez , ze gdyby nie dopieli calego finansowania to jeszcze moge sprobowac zebrac mala grupe ludzi , ktorzy mogliby ew . dofinansowac brakujaca kwote jako darowizne indywidualna - ale biorac pod uwage kto jest w komitecie honorowym i ze kwasniewski jest glownym sponsorem - taka forma moze byc politycznie niewlasciwa . mam od nich dostac jakas informacje w przyszlym tygodniu czy dzieki moim dzialaniom cos im sie uda czy tez beda nadal potrzebowac pomocy . pech - ale niestety zawiedli organizacyjnie . pozdrowienia - jarek | 0 |
Subject: re : one more thing clayton , i agree . this would happen when there is an insufficient pipeline capacity to move gas . the market developments you describe happen quite often and this is one of the reasons we want to have the model you are working on . vince vince clayton vernon @ enron 01 / 17 / 2000 09 : 30 am to : vince j kaminski / hou / ect @ ect cc : subject : one more thing vince - i forgot to mention to you one other development i propose , a theory i call " uncoupling " of basis . as an example , severe cold weather specific to the midwest can result in an elevation of spot market prices at henry hub , where prices elsewhere in the northeast are such that the basis appears to be less than the commodity charge to ship gas from louisiana to the northeast . this can happen when gas is not being moved in the spot market from louisiana to the northeast at that time . the notion of " equilibrium " cannot , in my view , always assume " spot " gas is flowing along all nodes of the network . clayton | 0 |
Subject: re : [ fwd : new commodity marketplace opportunity ] mark lay : again , thank you for listening to my concept . in my search for co - foounder / collaborators and angel investors , disclosing the concept ( for lack of a better title now , i call the system " lifetrak " ) and formulating a simple , clear picture is not easy . the attached schematic depicts an overview of the effort . part of the diagram hopes to separate the special interests as participants and member organizations so as to be helpful in the public sector with social issues . the groups fall into two natural sectors ; ( 1 ) supply generators ; and ( 2 ) user / service organizations . in the middle is the system and its management that interconnects those benefiting groups and the donor / recipient lifetrak cardholders . i can embellish more on these later . the diagram gives us a place to begin discuss and talking points in order to try to simplify how the concept could be developed and supported and where the revenue model which creates dramatic efficiencies generates management and license fee . i hope we can get together soon . although vince kaminski cannot directly contribute due to his other commitments , i have copied him to keep him advised ( hoping that he might be able to do more at a later date . ) . best regards , al arfsten mark . lay @ enron . com wrote : > i did understand that you were still at the concept stage . it is a very > interesting proposal and i would like to think about it . > > thanks , > mark > > - - - - - original message - - - - - > from : al arfsten @ enron > enron . com ] > > sent : thursday , january 25 , 2001 10 : 45 am > to : lay , mark > subject : [ fwd : new commodity marketplace opportunity ] > > mark : per our brief conversation this morning , the attached email was > sent to you yesterday . i hope that you might understand that i am > conceptually looking for " founders " and at the " pre " business plan > stage . there is an enormous problem existing with a very attractive > economic reward and willing participants needing this solution . i need > help . al arfsten 713 965 2158 > > content - transfer - encoding : 7 bit > x - mozilla - status 2 : 00000000 > message - id : > date : wed , 24 jan 2001 15 : 49 : 37 - 0600 > from : al arfsten > organization : bfl associates , ltd . > x - mailer : mozilla 4 . 7 [ en ] c - cck - mcd nscpcd 47 ( win 98 ; i ) > x - accept - language : en > mime - version : 1 . 0 > to : mark . lay @ enron . com > subject : new commodity marketplace opportunity > content - type : text / plain ; charset = us - ascii > > mark lay : i shared confidentially with vince kaminski my developing > concept of a highly inefficient not - for - profit enterprise with > dramatically increasing costs . i believe that a for - profit economic > model is possible that should reverse these skyrocketing costs and > ultimately lower the commodity thereby having a national , if not , global > impact of health care costs . vince seems to also believe in the > concepts potential . the ceo of one of the biggest u . s . blood banks has > already asked to become involved . i would like involve more people > with vision , means and desire to help make this a reality . i would look > forward to meeting with you to talk further . al arfsten 713 965 2158 - lifetrak vision chart 012601 . doc | 0 |
Subject: aram rick , aram is coming to houston , in my view , to explore the possibility of coming back to enron ( given uncertain situation under the scottish rule at the old pacificorp ) . i shall suggest that he meet with you and / or ted murphy as well . i can wait for karen to come back . it ' s not urgent . we are still working on the volumetric risk module and the team is making a very good progress . they gave a presentation today to rick carson and me . we have to decide what comes next ( asset / liability model or operational risk model ) . vince | 0 |
Subject: re : publishing my real options work steve , we can accelerate the process . we need some internal approvals . please , talk to richard lewis and let him know i think it ' s ok to publish it because it is a very high level theoretical paper . vince steven leppard 02 / 01 / 2000 09 : 56 am to : vince j kaminski / hou / ect @ ect cc : subject : publishing my real options work vince what are the chances of , say , risk publishing my work before the june conference ? do they have peer review etc . ? steve | 0 |
Subject: re : b . brandfass barbara , my apologies . i was traveling and then we had the usual end of the quarter pandemonium . i am sending you my presentations and would like to get back to you with some questions regarding your products . vince " barbara e . brandfass " on 07 / 10 / 2000 04 : 15 : 33 pm to : cc : " amir sadr " subject : b . brandfass hello vince , ? sorry to be a bother but do you have those materials from your talk in may ? ? i look forward to hearing from you . ? thank you , ? barbara e . brandfass , chief of business development panalytix , inc . , www . panalytix . com 212 974 1022 , b @ panalytix . com | 0 |
Subject: re : university of texas conference on energy finance , february 2001 sherri , thanks . yes , it ' s february the 22 nd . vince enron north america corp . from : jeff skilling @ enron 09 / 20 / 2000 12 : 49 pm sent by : sherri sera @ enron to : vince j kaminski / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , richard causey / corp / enron @ enron subject : re : university of texas conference on energy finance , february 2001 vince , i am checking the date on jeff ' s calendar ( i ' m assuming the date is february 22 ? ) . i am holding that date whole week for a trip abroad , but i think we have some flexibility on that and am checking it out . i ' ll be back in touch as soon as i ' ve resolved that . srs vince j kaminski @ ect 09 / 20 / 2000 11 : 41 am to : jeff skilling / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect , richard causey / corp / enron @ enron subject : university of texas conference on energy finance , february 2001 jeff , our friends at the university of texas are planning a conference on energy economics and finance in february of next year . they would like very much to have you as a keynote speaker . given our good , long - term relationship with ut , i would recommend that you speak at this conference . i talked to prof . ehud ronn a few times about the program and i think that this will be an excellent forum to present enron ' s accomplishments and agenda for the future . i am sure that rick causey will join me in making the same recommendation . vince | 0 |
Subject: london research the enron europe research group has experienced rapid growth over the last year as it has become clear that there are tremendous opportunities to utilize their unique quantitative skills in supporting both new and ongoing business efforts in the london offices . because of this , we are appointing a group leader with the view to leveraging the group better across the many business areas in enron europe which are benefiting from research support . effective immediately , steven leppard will take responsibility for spearheading research efforts in london and managing the london based research team . steve joined enron in early 1999 and has distinguished himself through his many contributions including analysis of the " supergoal " scheduling system and development of a diagrammatic approach for real options analysis . he holds a phd . in mathematical physics from kings college london and an honours degree in mathematics from imperial college . steve is also a black - belt level instructor in kungfu . please join us in congratulating steve on his new responsibilities . | 0 |
Subject: re : enron broadband services dear stinson , i apologize for the delay in responding . i was away wed - sun and just returned . thank you very much for your email . i plan to make a firm decision on my future plans sometime in the later half of april , and would be extremely interested in getting an offer from enron . i think the opportunities at enron are very exciting and there is room for some real contribution to the group . best wishes , salal | > | > | > salal , | > | > hope everything is going well with your thesis . we enjoyed hearing about | > your research topics during your visit to houston and feel that you could ad * d | > many new ideas to the innovative environment that we are cultivating at ebs . | > i regret being a bit slow to get back to you after your visit . please let * me | > know if you are still available and interested in coming to ebs . if so , i | > will work on getting a formal offer out to you asap . if not , we would sti * ll | > be interested in staying in touch in case you would be interested in working | > with us at some point in the future . | > | > best regards , | > | > - - stinson | > | > salal humair massachvsetts institvte of technology operations research center rooms e 40 - 130 , 5 - 332 a x 3 - 3014 , x 5 - 9727 | 0 |
Subject: maths course dear vince , ? i just wondered whether you have had chance to look at your bullet points and bio for the maths course . if so please could could email them to me as soon as possible . could you also let me know whether your company affiliation should now be enron north america . ? thanks vince and best regards , ? vicky | 0 |
Subject: energycast dear vince , i hope your trip to australia was successful . it ' s one of my favorite places to go . i ' ve copied you on the email to mike initiating enron ' s trial service to energycast . thanks for helping to set this up . would you ask the authorities in enron to refresh my access to enrononline ? my guest user id as ena 61296 and my guest password was tr 84 byl 3 . they no longer work , probably because i haven ' t visited the site in months as we were in full development mode on energycast . vince , you will note in our website references to forward prices of power in nepool , nypp , and pjm . we use reuters as a reference - - not satisfactory . if your traders like energycast and enron became a client , would enron consider linking its prices to our site ? we have to improve over the reuters quotes and regard enrononline or bloomberg as the best candidates . over time , as our service spreads i believe this could help generate deal flow for your traders . let me know what you think . ed | 0 |
Subject: re : lawyer sorry to hear this - i have generally shared my materials with colleagues - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : thursday , march 22 , 2001 6 : 21 am to : macmilli @ wharton . upenn . edu cc : vince . j . kaminski @ enron . com subject : re : lawyer ian , sorry for a delay in responding to you . i am currently in london , flying back to houston tomorrow . the problem is not with the lawyers . we worked on our presentation materials together with a professor from another university and we agreed to use these materials only internally . we have to honor our commitment to him . i am sure that this is exactly what you would have expected from us if we had made a similar commitment to you . vince " macmillan , ian " on 03 / 21 / 2001 04 : 31 : 27 pm to : " ' vince . j . kaminski @ enron . com ' " cc : subject : re : lawyer what do i need to do to move this thing forward ? i suspect that the problem is basically with the lawyers . they only know how to stop things , but in a way they play a role in global society . if it were not for the handicaps they lay on us the rest of the world would never have a chance . - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : macmilli @ wharton . upenn . edu cc : vince . j . kaminski @ enron . com sent : 3 / 8 / 01 12 : 12 pm subject : re : lawyer ian , sorry for a delay in getting back to you . i have one challenge i did not anticipate when i talked to you the first time about our real options internal seminar . the materials were prepared in collaboration with a professor from another school , and there is some sensitivity regarding the intellectual property rights and the ability to distribute the materials outside enron . please , give me some time to find out if i can work around this issue . vince " macmillan , ian " on 03 / 07 / 2001 06 : 46 : 28 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : lawyer i still have not heard from your lawyer . i would like to see whar materials you are using and assess how we could work on the topic of real options with enron | 0 |
Subject: re : your visit to enron frank , thanks a lot . are you planning to make a general presentation on your work in the weather area ? if this is the case , i would invite to our lunch meeting the traders from the weather derivatives desk . vince " francis x . diebold " on 11 / 04 / 2000 08 : 47 : 41 am to : shirley . crenshaw @ enron . com cc : vince kaminski subject : re : your visit to enron shirley , the 21 st is perfect . i will go ahead and purchase my plane tickets . would you please make me a hotel reservation for the night of the 21 st ? many thanks , frank diebold shirley . crenshaw @ enron . com wrote : > good morning professor diebold : > > i am vince kaminski ' s assistant and he has forwarded your emails to me > for scheduling purpose . unfortunately , we have a conflict on december > 14 th . can you possibly come on the 21 st ? > > i hope you have not already made your reservations . if i can do anything > to assist you , please let me know . > > best regards , > > shirley crenshaw > administrative coordinator > enron research group > 713 - 853 - 5290 > > - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 11 / 03 / 2000 > 09 : 29 am - - - - - - - - - - - - - - - - - - - - - - - - - - - > > vince j kaminski > 11 / 02 / 2000 04 : 30 pm > > to : " francis x . diebold " @ enron > cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect > subject : re : visit ? ( document link : shirley crenshaw ) > > frank , > > dec 14 would be better for us . we have already scheduled > an internal presentation on december 7 . please , go ahead and make a > reservation . > the best place to stay is hyatt regency downtown or doubletree downtown > ( within a walking distance to enron ) . it is important to specify the > downtown > location for both hotels . > > vince > > " francis x . diebold " on 11 / 02 / 2000 03 : 00 : 49 pm > > to : vince . j . kaminski @ enron . com > cc : > subject : re : visit ? > > sounds good , vince . how about dec 7 ? the roundtrip coach fare , regardless > of > airline , is about $ 1900 . i hope that won ' t break the bank . once i have > your > approval , i ' ll go ahead and book it . best , frank > > vince . j . kaminski @ enron . com wrote : > > > frank , > > > > yes , i would be very interested in meeting with you in houston in > december . > > the best day for visit would be thursday when my group has a lunch > meeting > > and you could meet the rest of the research unit . > > > > please , let me know what day would work for you . we shall be very glad to > > cover the cost of your trip . > > > > vince > > > > i > > > > " francis x . diebold " on 10 / 31 / 2000 01 : 01 : 11 pm > > > > to : vince kaminski > > cc : > > subject : visit ? > > > > hi vince , > > are you still interested in my visiting for a day , perhaps in dec or > > jan ? i have begun a project on unobserved - components modeling of > > weather patterns , so it would be productive and fun to compare notes . > > best , > > frank > > > > - - > > francis x . diebold > > wp carey professor > > > > department of economics > > university of pennsylvania > > 3718 locust walk > > philadelphia , pa 19104 - 6297 > > > > fdiebold @ sas . upenn . edu > > http : / / www . ssc . upenn . edu / ~ diebold > > > > ( 215 ) 898 - 1507 telephone > > ( 215 ) 573 - 4217 fax > > - - > francis x . diebold > wp carey professor > > department of economics > university of pennsylvania > 3718 locust walk > philadelphia , pa 19104 - 6297 > > fdiebold @ sas . upenn . edu > http : / / www . ssc . upenn . edu / ~ diebold > > ( 215 ) 898 - 1507 telephone > ( 215 ) 573 - 4217 fax - - francis x . diebold wp carey professor department of economics university of pennsylvania 3718 locust walk philadelphia , pa 19104 - 6297 fdiebold @ sas . upenn . edu http : / / www . ssc . upenn . edu / ~ diebold ( 215 ) 898 - 1507 telephone ( 215 ) 573 - 4217 fax | 0 |
Subject: re : risk 2000 panel discussion my phone 816 - 467 - 3569 - - - - - original message - - - - - from : shirley crenshaw [ mailto : shirley . crenshaw @ enron . com ] sent : friday , may 26 , 2000 9 : 17 am to : oliver @ risk . co . uk ; jefferid @ kochind . com ; sbramlet @ utilicorp . com cc : vince j kaminski subject : risk 2000 panel discussion good morning gentlemen : i will go ahead and schedule the conference call for wednesday , may 31 st at 11 : 00 am est ( 10 : 00 cst ) . please let me know the telephone numbers you may be reached at and vince will call you . if you find you cannot do this , please let me know . thanks and have a wonderful weekend . shirley crenshaw - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 05 / 26 / 2000 08 : 11 am - - - - - - - - - - - - - - - - - - - - - - - - - - - shirley crenshaw 05 / 25 / 2000 03 : 54 pm to : oliver @ risk . co . uk , jefferid @ kochind . com , sbramlet @ utilicorp . com cc : subject : risk 2000 panel discussion hello everyone : vince kaminski would be available for a conference call on wednesday , may 31 at 10 : 00 or 11 : 00 am est . the rest of the day is rather full . please let me know if either time is convenient for you . if not , maybe we could do it on june 1 - he is free most of the day with the exception of 12 : 30 - 2 : 00 est . look forward to hearing from you . thanks ! shirley crenshaw administrative coordinator enron corp . research 713 - 853 - 5290 email : shirley . crenshaw @ enron . com | 0 |
Subject: enron in europe : emerging europe : enron plugs on in poland - - - power market ' s vast . . . vicek - sadzilem , ze moze bedziesz chcial to przeczytac . pozdrowienia - jarek - - - - - - - - - - - - - - - - - - - - - - forwarded by jarek astramowicz / war / ect on 2000 - 04 - 17 17 : 15 - - - - - - - - - - - - - - - - - - - - - - - - - - - iona maclean 2000 - 04 - 13 08 : 23 to : jackie gentle / lon / ect @ ect , eric shaw / lon / ect @ ect , jarek astramowicz / war / ect @ ect , brian stanley / eu / enron @ enron , philip davies / lon / ect @ ect , ed cattigan / eu / enron @ enron , nigel beresford / eu / enron @ enron , andrew morrison / lon / ect @ ect cc : subject : enron in europe : emerging europe : enron plugs on in poland - - - power market ' s vast . . . - - - - - - - - - - - - - - - - - - - - - - forwarded by iona maclean / lon / ect on 13 / 04 / 2000 07 : 23 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : djcustomclips @ djinteractive . com 13 / 04 / 2000 07 : 30 please respond to nobody @ maill . djnr . com to : 96939 @ mailman . enron . com cc : ( bcc : iona maclean / lon / ect ) subject : enron in europe : emerging europe : enron plugs on in poland - - - power market ' s vast . . . emerging europe : enron plugs on in poland - - - power market ' s vast potential holds allure , but an uncertain future - - - after six years , profit from company ' s power operations remains years away by elizabeth williamson 04 / 13 / 2000 the wall street journal europe 9 ( copyright ( c ) 2000 , dow jones & company , inc . ) nowa sarzyna , poland - - from a small power plant humming among the birches near the ukrainian border , enron corp . has staked its claim on the polish energy market . yet after six years , the company is still seeking a mother lode . the houston - based energy producer and trader entered poland in 1994 , nabbed one of the first power - trading licenses to go to a foreign company and began work on elektrocieplownie nowa sarzyna , poland ' s first new , foreign - operated heat - and - power plant . other companies followed , including electricite de france , rwe ag of germany , vattenfall ab of sweden and tractebel sa of belgium . the prize could be a rich one . all of these companies hope to profit as poland sells its state energy assets and frees prices before joining the european union . a wholesale power bourse is due to open in warsaw in july . and the country ' s transmission links to markets east and west could make poland the power - trading hub of central europe . but after six years in poland , enron has yet to earn a profit . net income from nowa sarzyna , which is to begin commercial production later this month , is at least five years away . power - trading operations might generate profits next year , if the new bourse gets moving . but that is " one big question mark , " says jarek astramowicz , enron poland ' s president . indeed , despite its promise , poland ' s energy sector remains a sizzling tangle of aging plants , archaic market agreements and complex , shifting regulations . enron , with $ 40 billion ( 41 . 69 billion euros ) in annual revenue , is an innovator and an investment bellwether for its peers . but in a power market as negatively charged as poland ' s , the company also is an example of how shaky market conditions can keep even the savviest competitors offline . " these are very large operations and to some extent they can bear some risks , " says pawel kaminski , energy - sector operations officer at the world bank in warsaw . " but eventually they have to generate some return . " enron pioneered wholesale gas and electricity trading in the u . s . it entered europe in 1989 , setting up in london as the u . k . ' s energy sector liberalized . it entered the nordic market in 1996 , and today is the nord pool ' s largest - volume trader . enron says it takes about two years to find a site and obtain permits for a power plant , and a further 29 months for construction . just four years after entering the u . k . , enron finished its 1 , 875 - megawatt teesside plant . teesside ' s capacity and cost , at gbp 795 million ( 1 . 32 billion euros ) , are many times larger than nowa sarzyna ' s . yet teesside was completed in only two - thirds the time . the company declines to compare development times in various countries . " i wouldn ' t necessarily put poland into the same category as russia , " says philip davies , regulatory and government - affairs manager at enron europe in london . " but obviously , given poland ' s ( planned economy ) past , it probably takes a bit longer to work through the regulatory process and get to the starting point . " at nowa sarzyna , it took enron nearly twice the usual time to reach the starting point , even though mr . astramowicz already knew the site , and the polish power industry ' s rules . the nowa sarzyna plant was mr . astramowicz ' s brainchild , and he burned out the engine in his first bmw as he traveled between warsaw and the town to craft the deal . a freelance energy - sector entrepreneur before joining enron , mr . astramowicz sold his interest in nowa sarzyna to enron in 1998 . enron has spent $ 132 million to build nowa sarzyna , a 116 - megawatt , gas - fired combined heat - and - power plant . quiet , clean and efficient , the plant stands in stark contrast to most of poland ' s belching , coal - fired behemoths . when it starts up this month , it will sell its electricity to the polish power grid , the country ' s high - voltage network , under a 20 - year power - purchase agreement , or ppa , that enron won in 1997 . steam output goes to organika , the chemical company next door , and helps heat the town of nowa sarzyna . the nowa sarzyna plant is more than 80 % financed by commercial - bank loans for which the only collateral is the plant ' s concluded contracts . " they were betting on their good name , " says michael davies , a partner with allen & overy , the warsaw law firm that advised enron poland ' s lenders . " they are pushing envelopes all the time . " that is especially true in a market with 30 % overcapacity , where an energy law didn ' t even exist until 1997 . says peter bisztyga , emerging europe utilities analyst at solomon smith barney in london : " because enron signed a ppa , they are ok . . . ( but ) i ' m really not sure building nowa sarzyna was such a good idea . " mr . bisztyga says enron could have generated a faster return by renovating an existing power plant . but , he acknowledges , nowa sarzyna " allowed enron to get into the polish market early and stamp their name on it . " in 1994 , polish power plants weren ' t for sale . energy asset privatization , discussed for years , began in earnest only this year . by 2002 , the polish government proposes to sell off stakes in dozens of power plants , 33 distribution companies and the polish power grid , a 12 , 000 - kilometer national transmission network of high - voltage lines . the assets have a total book value of 33 billion zlotys ( 8 . 4 billion euros ) , but murky regulations have driven prices down . " the regulations don ' t promote competition and so you don ' t really know the price of electricity , " says bengt wegemo , president of vattenfall poland . earlier this year , vattenfall paid $ 235 million for 55 % in warsaw - based elektrocieplownie warszawskie , promising $ 340 million in investment in the heat - and - power plant over the next 10 years . investors hope the new power market will bring clarity over pricing . ultimately , 170 licensed energy traders and 200 large power users will trade on the bourse , setting the wholesale price of electricity . the polish bourse will be modeled on its nordic counterpart . enron , the nord pool ' s largest trader , hopes to post polish trading profits by 2001 . but first , say market experts , poland ' s 1997 energy law must be amended to ease functioning of the bourse , and free up access to poland ' s distribution network . further , the government says it must solve the competition problem posed by the polish power grid ' s power - purchase agreements , which account for 70 % of energy sales in poland . some state - owned plants used the agreements as collateral to secure modernization financing . when prices are freed , these plants might go bankrupt if forced to compete with plants that didn ' t spend money to modernize . the government is contemplating a special fund to compensate the modernized plants for their extra costs . though nowa sarzyna is a private plant , the price enron must charge for its power is about twice what outmoded plants charge . " we are hoping that continuous , efficient operation of the plant will generate us a ( bigger ) profit , " mr . astramowicz says . another problem is cross - border power trading , where contradictory legislation essentially gives a monopoly to the polish power grid , also known as pse . enron and others protest that pse shouldn ' t compete with electricity - market participants who contract with it for transmission service . pse intends to stay in the trading business , says marek zerka , pse ' s vice president . in late march , pse and local company kulczyk holding signed an agreement with preussenelektra ag of germany to export electricity and coal to eu countries via germany . " this is great news , " mr . astramowicz says . " if this joint venture gets access to pse ' s cross - border transmission capacity . . . i would expect pse to confirm open access to all market participants . " enron and others are pushing hard for that access . " as soon as the market becomes open , free and non - discriminatory , we will come out at a decent profit , " mr . astramowicz says . folder name : enron in europe relevance score on scale of 100 : 78 to review or revise your folder , visit http : / / www . djinteractive . com or contact dow jones customer service by e - mail at custom . news @ bis . dowjones . com or by phone at 800 - 369 - 7466 . ( outside the u . s . and canada , call 609 - 452 - 1511 or contact your local sales representative . ) copyright ( c ) 2000 dow jones & company , inc . all rights reserved | 0 |
Subject: re : stanford check paul , thanks a lot . vince from : paul racicot @ enron communications on 10 / 20 / 2000 06 : 03 am to : stinson gibner / enron communications cc : vince j kaminski / hou / ect @ ect subject : stanford check fyi - - - - - forwarded by paul racicot / enron communications on 10 / 20 / 00 06 : 06 am - - - - - steven batchelder 10 / 19 / 00 04 : 36 pm to : paul racicot / enron communications @ enron communications , sally slaughter / enron communications @ enron communications cc : subject : stanford check just wanted to let you know that the check went out fedex - priority overnight . they should have it tomorrow morning . the tracking number is 823038069157 and can be tracked at www . fedex . com sally ~ per our conversation i will interoffice you the airbill slip . if you need anything else , please let us know . thanks . steven batchelder accountant enron broadband services 713 - 345 - 9340 steven _ batchelder @ enron . net | 0 |
Subject: off site with john griebling ' s optical network engineers hi shirley , please give me a few dates form end of march to first week in april to do an offsite for vince ' s direct reports ( including myself ) and selected ebs research people . this includes , vince direct report from our research group and the following people from ebs research : ravi , stinson , samer , chinowee . the agenda will include : research people giving several mini presentations on trading , market development ( history of nat gas , electricity , etc . ) , pricing , etc . . . john ' s people will do similar mini presentations on optical network engineering , optical components , provisioning , telecom markets , pricing , etc . . . . if scott yeager can make it , he will do his magic via quick motivational speech on the vision of ebs , etc . . it is will be strictly technical to technical professional meeting to get to know each others group . so , do not include others unles stinson or i look at the additions case - by - case . john suggested scott yeager ' s summar house in denver for this event . please follow this up with scott ' s assistant ( scott may not know about this if john has not told him so you should explain the intend , etc . ) to get in touch with scott . i ' ll cc this e - mail to give scott a heads up . we can do half day friday and all day saturday . or , we can do the whole weekend and people will have an option to bring family to nearby hotel ( family expense in not on ebs ) . we will have to sort all this out when we have a chance to talk to john & scott . i just wanted to get the ball rolling but getting dates and place first . thanks , ravi . | 0 |
Subject: vince kaminski ' s itinerary - week of 9 / 30 - 10 / 7 / 00 professor martin : attached is vince ' s itinerary . let me know if you need anything else . - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 09 / 27 / 2000 11 : 24 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 09 / 27 / 2000 10 : 45 am to : " john d . martin " @ enron cc : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : re : hello vince john , i shall be in paris and london next week . we can schedule a call sometimes next week . i shall ask my assistant to send you my itinerary . a late call ( paris time ) would work for me . the time difference is 6 hours . this would mean a call sometimes around 3 - 4 p . m . our time . please , indicate which day works best for you . vince " john d . martin " on 09 / 27 / 2000 09 : 45 : 50 am to : vince . j . kaminski @ enron . com cc : subject : re : hello vince vince , good morning . unfortunately i ' ll be in milwaukee visiting harley - davidson about a book revision project both thursday and friday . how about early next week . i appreciate your patience with me . when you suggested a time last week i was " unprepared " and embarassed to call and expose my ignorance . since then i have re - read the enron gas services case and have a pretty good feel for how you guys have melded the physical and financial sides of the business . the other theme that i have heard many enron speakers use is the " de - regulation " of markets . this certainly played a factor in the power business and presumeably was behind the water business . if you ' ll let me know when it ' s convenient to call next week i ' ll have some notes put together . i ' m teaching a class for a colleague on monday so anytime after that is great . thanks and hope you had a pleasant trip . john p . s . i saw that the univ of new orleans has an energy finance endowed chair for a financial economist open . if you ever decide to move back to the life of poverty of an academic i would love to recommend you for such a post . at 08 : 26 am 9 / 27 / 00 - 0500 , you wrote : > > john , > > what about thursday , 10 : 30 a . m . ? i have just come back from europe > last night and i am trying to organize my schedule for the next few days . > > my phone number is 713 853 3848 . > > > vince > > > > > > > " john d . martin " on 09 / 22 / 2000 01 : 57 : 47 pm > > to : vkamins @ enron . com > cc : > subject : hello vince > > > vince , > > can i call you tuesday morning about our writing project ? i have to be in > austin for a dental appointment on monday at noon and that will probably > wipe out the day . give me a time and number where i can reach you . > > 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 > > > > john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html | 0 |
Subject: re : in confidence steve , rac will be a bit unhappy about it . i think that bjorn will object to it . let me talk to you tomorrow over the phone and discuss it . the question is how to present it to rac in a such a way that rodrigo will not be put in a bad light . vince steven leppard 11 / 06 / 2000 06 : 37 am to : vince j kaminski / hou / ect @ ect cc : subject : in confidence hi vince i ' ve had a chat with rodrigo lamas , who is a bit unhappy in his current role in rac ( he wants to be a bit more proactive , and finds the inertia frustrating ) . i would be very interested in bringing him into research with responsibility for var / risk mgt , which is where his professional experience lies . he also has a phd in optimization from imperial college london which i ' m sure we can make use of . there will obviously be some political issues involving such a move only 4 months into his career at enron , and if you ' re able then i ' m sure he ' d appreciate a chat with you . we ' re awaiting your response before rodrigo mentions this to anyone else . steve | 0 |
Subject: carnegie mellon team meeting greetings , carnegie mellon recruiting team ! each of you has been chosen to represent enron for our fall 2000 recruiting efforts at carnegie mellon university . as part of the team , you will be challenged with choosing the best candidates from carnegie mellon ' s graduate school to join our associate program . our first campus event will be on september 15 and interviews will be held on campus december 11 and 12 . i hope you are all able to participate in the exciting process of recruiting young talent . we will be more formally organising ourselves in the next couple of weeks . currently , we are planning to have a brief team meeting in order to make introductions , inform you about the associate program , and discuss the fall recruiting calendar . to that end , please contact me with any questions or comments you may have . the team meeting date is set for august 31 st at 10 am in room 19 c 2 . please rsvp to me as soon as possible . i look forward to meeting you all soon . sincerely , kristin gandy associate recruiter x 53214 | 0 |
Subject: iris mack vince : i received a phone call yesterday afternoon from iris , with a special request of you . she says that she will have to break her lease when she comes to houston . she will have a three - month period during which she will have to pay rent ( march , april and may ) , at the monthly rate of $ 1 , 175 . she is asking if we would be willing to pay $ 3 , 525 to compensate her for this extra expense . i have a phone call in to the relocation department to find out how much cash iris will be receiving from us under the normal relocation benefits , and will let you know as soon as i hear from them . i would imagine that it is a fairly substantial amount , since she is moving from california and since our relocation benefit is very generous . molly | 0 |
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