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Subject: professor bambos ' visit shirley : professor bambos has the following appointments : jim fallon 9 : 00 am - 9 : 30 am per fallon ' s assistant lucy marshall - ext . 34525 john echols 2 : 00 pm - 2 : 30 pm per echols ' assistant jo olsovsky - ext . 58064 enron tour 2 : 30 pm - 3 : 30 pm per courtney votaw - ext . 39390 anita
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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
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Subject: 2000 expenses as you all know the deadline for 2000 invoices to ap was on friday , december 15 , 2000 . in order to get all 2000 expenses accounted for in 2000 , i need an e - mail from you with name of the vendor , amount , cost center to be billed to , contact person ( if any ) . some of the costs to consider : services provided to enron in 2000 but we have not receive the invoices , employee expense reports , and / or any purchases we made in 2000 , but have not submit the invoices to ap by the cutoff date . i need this information by noon friday , december 29 , 2000 . if you have any questions , call me at 5 - 7094 . thanx irma , kristi and ramona , will you make sure everyone in hr department know the deadline . thanx .
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Subject: day rate hedge vince , included is the rest of the prices for 4 th and 5 th generation semi - submersibles in the gulf of mexico . the only additional data is from sept 99 through dec 99 . chris and i look forward to your analysis on tuesday .
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Subject: re : greetings frank , thanks for your message . see you in houston and happy holidays . vince frank qian on 12 / 19 / 2000 11 : 56 : 14 pm to : vince . j . kaminski @ enron . com cc : subject : greetings dear mr . kaminski : i am very glad to be slected for the 2 nd round interview at enron . it will be at the end of january . i look forward to seeing you again and meeting other people of research group . have a happy holiday and new year ! frank
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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 : jun 09 , 2000 feedback due date : jun 16 , 2000 employee name : roberts , michael a
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Subject: fw : meeting follow - up dan sent this information as a follow up to our meeting this week . if there is any additional information you would like to see , please let me know . in the absense of any objections , i would like to begin having our analysts use the financial stress score to underwrite small exposures where financial statements are not received . in addtion to saving some expense , this will allow greater consistentency . and moving forward , i believe we can map expected defaults from fstress score ranges to those implied in credit spreads , and in doing so map to e - ratings for use in credit reserve analytics . i ' ve had prelimiary discussions with rabi and amititava regarding this . any additional insights would be helpful , and thanks for your help . - - - - - original message - - - - - from : " barry , dan " @ enron on . com ] sent : thursday , march 15 , 2001 10 : 26 am to : mark _ wilson @ enron . com cc : marcom , karen ; johnson , judy subject : meeting follow - up mark , attached are a presentation on the financial stress score and the countries that have risk scores available today . please let me know if you have any questions . in response vince ' s question regarding false positives from the model , that is a little difficult to answer . the model is predicting the likelihood of a company experiencing financial distress . we are not saying that all companies with a high risk score will experience financial distress . in other words , it is not really a yes or no proposition . it ' not like a drug test where the test either comes back positive or negative and ocassionally , you get a false positive test result . we are identifying companies that are at high risk for failure . some of those high risk companies will fail and some will not fail . how many in each classification that will ultimately fail is addressed in the performance charts attached below . please let me know if you have any other questions or need any additional information . dan barry dun & bradstreet analytical services barryd @ dnb . com phone ( 713 ) 953 - 5458 fax ( 713 ) 953 - 5454 > > > > - enron fss . ppt - globalfailure . ppt - fin stress understanding . doc - fss performance . doc
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Subject: benefits - personal days good morning all : the question has arisen as to whether enron has " personal days " , that , you can take in case of repair problems at home ; car problems ; sick spouse , sick child , etc . i checked with hr and the policy manual and the answer is " no " , but they can be designated at the discretion of the supervisor . i talked this over with vince and he has decided that the research group will be allowed two ( 2 ) personal days per year to take care of personal business and not have to take a vacation day , discretionary day , or leave of absence . if you have advance notice ( such as an air conditioner repair scheduled ) , please let me know when you are going to take these days . if an emergency arises with no notice , please call in and let me know that you are taking a personal day . it will be coded on your time sheet . these two personal days will in no way cancel or take the place of , " funeral leave " , " family leave " , or " civic duty leave " . they are just a way of being able to take care of repair problems and other personal problems that arise . these should be very beneficial and i am sure very much appreciated by all of us . if you have any questions , please call me . shirley 3 - 5290
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Subject: restructuring today - 6 / 23 mark , please , tale a look at the attached newsletter . an interesting story on gaming cal px . let me know if you have problems opening the document . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 06 / 23 / 2000 05 : 45 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - energy info source on 06 / 23 / 2000 07 : 24 : 22 am to : cc : subject : restructuring today - 6 / 23 energy info source - http : / / www . energyinfosource . com - is privileged to make available to you a free trial subscription to restructuring today until july 11 . restructuring today is the leading daily trade newsletter focused solely on the deregulation , restructuring and convergence of the electric , natural gas and telecommunications industries , with a special focus on emerging markets . you do not need to do anything to continue to receive this trial . however , if you do not want to receive any more trial issues , please reply to us and with the word " cancel " in the subject line . restructuring today has distinctive industry news and analysis which energy info source can ' t deliver from the wire services , and at only $ 487 ( regular price for an individual subscription ) for 250 issues each year , we consider it a bargain . as a special offer to energy info source users , restructuring today is offering $ 50 off the regular subscription price . act before july 14 to receive your $ 50 off ! check out the attached sample , and if you ' d like to order an annual subscription , choose your favorite way : - hit reply and fill out the subscriber information below . - for fastest service call 888 - 986 - 2250 today ! - there ' s a handy subscription coupon on the last page of each issue of restructuring today . for credit card orders , please use the subscription coupon in the back of the sample issue or call 888 - 986 - 2250 . for more information , feel free to email us at custsvc @ energyinfosource . com or call us at 888 - 986 - 2250 . requires acrobat reader 3 . 1 or higher . the latest version is available free at : - - - - - - - - - - - - - - - - - - - - - - please begin my subscription to restructuring today right away ! name : title : company : billing address : address cont . : city : st : zip : country : usa phone : fax : email address : [ ] bill me [ ] call me for my credit card information - rto 00623 - eis . pdf
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Subject: enside draft here is the version with my modifications over mike ' s version . please feel free to make modifications / corrections . osman
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Subject: default rates please see below for my note to jeremy at the bottom and his reponse . i have placed mark ruane ' s yields against a mid november default frequency table . note there may be a slight shearing in dates , but the concept is more important : market implied cumulative default rates ( % ) : 1 year 5 year 10 year aaa 0 . 51 5 . 74 14 . 54 aa 0 . 67 6 . 39 16 . 61 a 0 . 98 8 . 98 21 . 03 bbb 1 . 17 9 . 88 22 . 39 bb 3 . 27 18 . 62 37 . 51 b 4 . 65 24 . 21 46 . 27 s & p historical default rates ( % ) : 1 year 5 year 10 year aaa 0 . 00 0 . 13 0 . 67 aa 0 . 01 0 . 33 0 . 90 a 0 . 04 0 . 47 1 . 48 bbb 0 . 21 1 . 81 3 . 63 bb 0 . 91 8 . 82 14 . 42 b 5 . 16 20 . 95 27 . 13 in looking at the one - year transition rates as a very rough proxy for how many more defaults occur in a recession ( 1991 ) versus average ( 1981 - 1999 ) historical default rates ( % ) : investment grade non - investment grade avg . 1981 - 99 0 . 07 4 . 21 1991 0 . 12 10 . 40 multiple 1 . 7 x 2 . 5 x looking at where the market implied default rates divided by the historicals default rates to obtain a " multiple " ( how much more severe than historical ) : 1 year 5 year 10 year aaa infinite 44 . 2 x 21 . 7 x aa 67 . 0 x 19 . 4 x 18 . 5 x a 24 . 5 x 19 . 1 x 14 . 2 x bbb 5 . 6 x 5 . 5 x 6 . 2 x bb 3 . 6 x 2 . 1 x 2 . 6 x b 1 . 1 x 1 . 2 x 1 . 7 x on the 10 year historical figures , we need to be careful as the s & p static pool figures show a definite seasoning ( lower defaults in late years probably due to prepayment ) versus our contracts . secondly , the s & p figures have withdrawn ratings , which usually mean they are stale , but loosing some information content . i will ask emy to set up a meeting to discuss further . - - - - - - - - - - - - - - - - - - - - - - forwarded by michael tribolet / corp / enron on 12 / 11 / 2000 07 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : jeremy blachman @ ees on 12 / 10 / 2000 07 : 21 am to : michael tribolet / corp / enron @ enron cc : subject : default rates thanks . i would strongly suggest an offsite sooner than later with a handful of the right people so that we can step back and design the right architecture for looking at credit in our deals . it is broken , not clear , killing our velocity and true capabilities . we also need to look at staffing , skills sets , the credit reserve model etc . perhaps you should take a crack at an agenda . - - - - - - - - - - - - - - - - - - - - - - forwarded by jeremy blachman / hou / ees on 12 / 10 / 2000 07 : 08 am - - - - - - - - - - - - - - - - - - - - - - - - - - - michael tribolet @ enron 12 / 09 / 2000 03 : 51 pm to : jeremy blachman / hou / ees @ ees cc : subject : default rates i visited with vince kaminski for about 20 minutes today regarding the market implied defaults rates and the disconnect in investment grade land . he is seeing the same anomaly and agreed that we as a company need to revisit the methodology employed in calculating the implied figures . i will follow through and report back .
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Subject: re : resume , thanks a lot , and just let me know the schedule afterwards . . . jinbaek jinbaek kim ph . d candidate dept . of industrial engineering and operations research u . c . berkeley http : / / www . ieor . berkeley . edu / ~ jinbaek go bears ! : " ' . _ . . - - - . . _ . ' " ; ` . . ' . ' ` . : a a : _ _ . . . . . _ : _ . - 0 - . _ : - - - ' " " ' " - . . . . - - ' " ' . : . ' : ` . : ` , ` . ` . : ' - - ' - - ' : . ' ; ; : ` . _ ` - ' _ . ' ; . ' ` . ' " ' ; ` . ' ; ` . ` : ` ; . ` . ; ; : ; . ' ` - . ' ; : ; ` . _ _ . ' . ' . ' : ; ` . . ' _ _ . ' . ' ` - - . . _ _ _ . _ . ' ; ; ` . . . . . . ' . ' ` ' " " ' ` . ' ; . . . . . . - ' ` . . . . . . . - ' ` . . . . . . . . ' on tue , 24 oct 2000 vince . j . kaminski @ enron . com wrote : > > jinbaek , > > we shall invite you to an interview in houston . > > vince > > > > > > jinbaek kim on 10 / 23 / 2000 07 : 25 : 36 pm > > to : vkamins @ enron . com > cc : > subject : resume , > > > dear mr . kaminski , > > hi , > i am a ph . d student at ieor department at u . c . berkeley . > thanks for your presentation today . > it gave me knowledge and interest in electricity markets , > and your company . > as you mentioned in the presentation , > i send a resume to give me opportunity to learn more > about your company . > i hope i can join the super saturday event . > > jinbaek > > > ( see attached file : resume . doc ) > > >
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Subject: mid - year 2000 performance feedback note : you will receive this message each time you are selected as a reviewer . you have been selected to participate in the mid - year 2000 performance management process by providing meaningful feedback on specific employee ( s ) that have been identified for you . your feedback plays an important role in the performance management process , and your participation is very critical to the success of enron ' s performance management goals . please provide feedback on the employee ( s ) listed below by accessing the performance management system ( pep ) and completing an online feedback form as described in the " performance management quick reference guide " . you may begin your feedback input immediately . please have all feedback forms completed by the date noted below . if you have any questions regarding pep or your responsibility in the process , please call the pep help desk at the following numbers : in the u . s . : 1 - 713 - 853 - 4777 , option 4 in europe : 44 - 207 - 783 - 4040 , option 4 in canada : 1 - 403 - 974 - 6724 ( canada employees only ) or e - mail your questions to : perfmgmt @ enron . com thank you for your participation in this important process . the following list of employees is a cumulative list of all feedback requests , by operating company , that have an " open " feedback status . an employee ' s name will no longer appear once you have completed the feedback form and select the " submit " button in pep . review group : enron feedback due date : jun 16 , 2000 employee name supervisor name date selected - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ahmad , anjam dale surbey may 22 , 2000 carson , margaret m james d steffes may 26 , 2000 crenshaw , shirley j wincenty j . kaminski may 24 , 2000 ghosh , soma timothy davies may 31 , 2000 vernon , clayton j vasant shanbhogue may 26 , 2000 yuan , ding richard l carson jun 02 , 2000 zipter , rudi c theodore r murphy may 25 , 2000
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Subject: re : pre - submitted question on espeak erin , a book by martha amram and nalin kulatilaka is an excellent non - technical introduction to real options and it contains all the most important references to more advanced books and papers . the book has an endorsement by jeff skilling on the cover page . the research group offered several one - day seminars on real options and applications to the energy industry . we still have a few binders with the presentation materials available if you are interested . we plan to repeat the seminar sometimes in the fall . the first part of the seminar ( about 4 hours in the morning ) covers general concept of real options and their applicability to the energy business . the second , more technical afternoon session , covers stochastic processes used to model price uncertainty in the energy markets and specific case studies ( valuation of natural gas storage facilities and of peaking gas - fired power plants ) . the real options approach has been developed specifically to address the problem of making investment decisions under uncertainty . nobody in this field claims that this is a perfect tool , but it represents a significant progress compared to other techniques developed earlier . discounted cash flow analysis that tries to incorporate uncertainty through analysis of several , in most cases , arbitrary scenarios ( most likely , optimistic , pessimistic ) . these scenarios don ' t identify explicitly the risk drivers and don ' t specify the future proactive management decisions . the real , option approach is very powerful because it allows to ( 1 ) capture uncertainty in an explicit way and ( 2 ) to design investment projects that allow to exploit future positive developments and reduce future exposures to downside risk . this approach allows also create a link between investment decisions and future operational decisions . forward - looking investment decisions create options that are exercised in the future through active management of a project . the real options technology relies heavily on advanced statistical tools to come up with the representation of future possible states of the world . the real challenge is to use these tools in a sensible way . i have seen in my career ( almost 30 years of applying mathematical tools to business and economic problems ) many quants armed with powerful computers who reminded me of monkeys armed with hammers . the challenge is not to run mechanically thousands of simulations based on arbitrary assumptions but to translate in a creative way the insights of people who understand specific businesses into parsimonious quantitative models . it is especially critical to stress - test the assumptions of any model and to ask the question if the outcome of a model depends critically on any set of assumptions . if this is the case one should use common sense to examine the underlying assumptions . i remember that in the early eighties quite a few models simulated the dynamics of oil prices , but all the stochastic scenarios represented fluctuations around a very optimistic upward trend . one would have been better off stepping back and asking a simple question what economics 101 teaches about cartels and the dynamics of supply and demand . enron north america corp . from : erin rice @ enron 06 / 27 / 2000 03 : 52 pm to : vince j kaminski / hou / ect @ ect cc : subject : pre - submitted question on espeak good news ! there is already a question waiting for your july 12 espeak session . i have pasted it below , although you don ' t have to respond until the actual event . don ' t forget to send a bulleted list of discussion topics if you would still like us to advertise the event on the elevator screens . thanks . - er submitted by breineck i was doing some reading about the application of real options in the evaluation of non - financial assets . would you recommend any texts or articles for a more in - depth study of this area ? is quantification of risk or uncertainty the major challenge in using this concept ? can statistical tools be used with this to do a sort of sensitivity analysis ?
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Subject: move on may 30 th please note : the weather team will move on may 30 th . we will return to our location near the kitchen eb 3240 however , each person in the group will have a desk in the area . we will know longer be in separate locations . mike roberts eb 3240 a jose marquez eb 3240 b kevin moore eb 3240 c vince kaminski eb 3240 d patricia tlapek eb 3240 e sam smith eb 3240 f elena chilkina eb 3240 g please pack your desk on tuesday for the churn tuesday night . if you did not sit in this area listed above before , space is limited . please label all boxes , telephones , computers , etc . thanks kevin moore any questions please call kevin moore x 34710
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Subject: title dear mr . kaminski , ? i hope i got your title right . i looked everywhere for it and i could not find it . in one of the numerous discussions i had with professor shreve about you i remember having heard " head of research " . . . probably energy , but that i could not recall . is this ok ? also i would like to have the title of the conference , it is useful ! ? finnally , there is a request for your e - mail by a phd student , do you allow me to provide this info ? ? ? sincerely , ? pierre - philippe ste - marie - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - pstemarie . homestead . com
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Subject: impending visit vince : i sent you an email a couple of days ago to inquire if we might get together at your offices on july 5 or july 7 in houston to follow up our earlier discussions . i notice i have two email addresses for you , so i am sending this to both . i am not sure the earlier transmission got to you . would you be available the afternoon of the 5 th or the morning of the 7 th to continue our earlier discussions ? give me an email or phone shout at 650 . 218 . 3069 . thanks dale nesbitt
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Subject: larry thorpe hi vince , been meaning to ask for your input about larry thorpe ' s proprietary model for electricity returns . i have not been able to get much information about the parameters as larry says the nature is proprietary . it is hard to make a judgement about its usefulness without such information . larry ' s e - mails to me indicate that he is working on npl 5 real time prices and he promises to share the results with us . please advise on direction to take as i am not quite sure about the model without further information . separately , larry indicated that you had promised him some data and would like to know if you have forwarded it to him . i can convey your position to him . thanks .
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Subject: financial maths course , part 2 vince , just in case , here is a draft copy of the event for you to refer to . paul - finmathmail . doc
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Subject: re : uc - berkeley graduate student molly , i would like to invite this student for an interview , sometimes in late december when things slow down . interviews with all my direct reports and george hopley . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 10 / 30 / 2000 09 : 59 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 10 / 24 / 2000 04 : 07 pm to : rajnish kamat @ enron cc : vince j kaminski / hou / ect @ ect subject : re : uc - berkeley graduate student rajnish , we shall invite you for an interview in houston . vince rajnish kamat on 10 / 23 / 2000 07 : 55 : 31 pm to : vkamins @ enron . com cc : subject : uc - berkeley graduate student dr . vincent kaminski managing director and head of research enron corp . dear dr . kaminski , it was a pleasure talking with you and attending your talk today . i am a graduate student in industrial engg . and operations research working with prof . shmuel oren on topics in financial instrument pricing and design of contracts in deregulated electricity markets . i am also doing research in auction models and computable equilibrium models with applications in electricity market design . i am planning to graduate with a ph . d . in may 2001 and would appreciate hearing about any opportunities in your group at enron . i am attaching at copy of my resume ( file : cvrkamat . doc ) for your perusal . thanking you , sincerely , rajnish kamat graduate student ieor , uc - berkeley 4135 , etcheverry hall dept . of industrial engineering and operations research university of california at berkeley berkeley , ca , 94710 - cvrkamat . doc
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Subject: re : monday aug . 7 stinson , no problem . vince stinson gibner 08 / 02 / 2000 12 : 51 pm to : vince j kaminski / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : monday aug . 7 vince , may i take a vacation day next monday , aug . 7 th ? thanks , stinson
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Subject: year end 2000 performance feedback note : you will receive this message each time you are selected as a reviewer . you have been selected to participate in the year end 2000 performance management process by providing meaningful feedback on specific employee ( s ) . your feedback plays an important role in the process , and your participation is critical to the success of enron ' s performance management goals . to complete requests for feedback , access pep at http : / / pep . corp . enron . com and select perform review under performance review services . you may begin providing feedback immediately and are requested to have all feedback forms completed by friday , november 17 , 2000 . if you have any questions regarding pep or your responsibility in the process , please contact the pep help desk at : houston : 1 . 713 . 853 . 4777 , option 4 london : 44 . 207 . 783 . 4040 , option 4 email : perfmgmt @ enron . com thank you for your participation in this important process . the following is a cumulative list of employee feedback requests with a status of " open . " once you have submitted or declined an employee ' s request for feedback , their name will no longer appear on this list . review group : enron feedback due date : nov 17 , 2000 employee name supervisor name date selected - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - andrews , naveen c rudi c zipter oct 31 , 2000 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 kindall , kevin vasant shanbhogue oct 30 , 2000 lamas vieira pinto , rodrigo david port oct 31 , 2000 raymond , maureen j wincenty j kaminski nov 02 , 2000 supatgiat , chonawee peyton s gibner oct 27 , 2000 tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 villarreal , norma e sheila h walton oct 26 , 2000 walton , sheila h david oxley oct 27 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 yuan , ding richard l carson oct 31 , 2000
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Subject: bollerslev seminar vince : i don ' t know if you noticed that we have tim bollerslev on the seminar schedule for december 8 . in order for tim to get back to north carolina on friday , we need to move the seminar time . i thought that the enron folks might be interested in his talk so i wanted to get you input on a new time . i know that 3 : 30 is best but would over the noon hour be second best or would 2 : 00 be better ? thanks . bbo
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Subject: re : aiesec polska - eurolds 2000 drogi panie andrzeju , probuje skontaktowac sie z jarkiem astramowiczem , by znalezc sposob dofinansowania waszej imprezy . jedyna mozliwosc , by to zrobic jest poprzez enron poland . mnie byloby bardzo trudno usprawiedliwic to z mojego budzetu . w . kaminski " andrzej wodnicki " on 02 / 16 / 2000 02 : 50 : 05 am to : vince j kaminski / hou / ect @ ect cc : subject : aiesec polska - eurolds 2000 szanowny panie kaminski ! nazywam sie andrzej wodnicki i jestem czlonkiem stowarzysznia studentow aiesec przy szkole glownej handlowej ( dawnej sgpis ) . prosze o poswiecenie paru chwil na przeczytanie tego maila . ( kontakt do pana otrzymalem od kolegi , ktory organizowal prezentacje firmy enron na sgh , a posrednio od pana jarka astramowicza , przedstawiciela enron na polske . ) w imieniu aiesec polska chcialbym zwrocic sie do pana z wielka prosba pomocy przy wydarzeniu , ktore w tym roku organizujemy . aiesec polska , a w szczegolnosci aiesec przy szkole glownej handlowej ma zaszczyt organizowac w tym roku european leadership development seminar . jest to seminarium na temat przywodztwa skierowne do obecnych i przyszlych czlonkow rad wykonawczych komitetow lokalnych aiesec w calej europie . po raz pierwszy aiesec polska ma mozliwosc organizacji takiego wydarzenia i stanowi ono dla nas olbrzymie wyzwanie . przygotowywalismy sie do niego od kilku lat i obecnie jestesmy juz w koncowej fazie organizacji eurolds 2000 . projekt rozpoczyna sie 7 marca 2000 roku oficjalnym otwarciem przez pana prezydenta aleksandra kwasniewskiego w sali kongresowej . pozniej odbeda sie dyskusje panelowe ( udzial wielu znakomitych gosci - m . in jan krzysztof bielecki , jacek saryusz wolski , andrzej olechowski ) oraz wyklady i prezentacje regionow polski w auli spadochronowej szkoly glownej handlowej , a nastepnie delegaci udadza sie do hotelu mrongovia na szkolenia , casy i wyklady na temat przywodztwa . ( szczegolowy program eurolds 2000 przesylam w zalaczniku . ) jak do tej pory staralismy sie mozliwie najwiecej dokonac wlasnymi silami , jednak obecnie na 3 tygodnie przed tym wydarzeniem stoimy przed pewnym problemem i stad tez pojawil sie pomysl skontaktowania pana , jako osoby , ktora moglaby nam wydatnie pomoc . chcielibysmy poprosic pana o wsparcie finansowe . wspolpracujemy juz z wieloma firmami i instytucjami ( m . in . deloitte & touche , arthur andersen , fundusz phare , fundacja konrada adenauera oraz wieloma innymi ) , jednak na obecnym etapie organizacji projektu wciaz brakuje nam 12000 $ . poczatkowo chcielismy nawiazac kontakt z pania eileen price z londynu , jednak wydaje nam sie , ze pan jako zalozyciel aiesec w polsce powienien po pierwsze o takim wydarzeniu wiedziec , a po drugie mamy nadzieje , ze moze nam pan pomoc . bardzo prosze o odpowiedz , z powazaniem andrzej wodnicki prezydent eurolds 2000 aiesec szkola glowna handlowa - attl . htm - eurolds _ prezentacja . ppt
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Subject: f / up sheila , i am forwarding you a message i received a few days ago . i want to ask you for advice how to handle this case . my first reaction was to ignore it . the longer i think about it , the more convinced i become that some action is required . let ' s try to reverse the situation and assume for the sake of argument that a female employee was harassed by a male colleague . an employee informs her boss a few months later about the alleged incident and the boss chooses to ignore it . in many similar cases , courts subsequently found against the companies that decided to turn a blind eye to such complaints . the fact that we are dealing with the case of reverse harassment is immaterial . if i ignore this complaint i may expose the company to charges of double standard in handling sexual harassment cases . my recommendation would be to ask maureen to attend sensitivity training and sexual harassment prevention class . please , let me know what you think . sorry to burden you with this case . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 12 / 29 / 2000 11 : 01 am - - - - - - - - - - - - - - - - - - - - - - - - - - - clayton vernon @ enron 12 / 21 / 2000 03 : 51 pm to : vince j kaminski / hou / ect @ ect cc : subject : f / up vince - i got your message ( i was up on the roof of the building helping to fix the weather satellite dish - what a gorgeous view of houston ! ) . i appreciate your words . everything remains fine , vince . you are my " father " here at enron , and i admire and respect you greatly . i think i know the kind of person you are , in terms of your integrity , and i admire the high standards you set for all of us in your extended " group . " i want to let you know i am not the only one in the group who doesn ' t appreciate the way maureen disrespects you . you remain the key external factor in their success - it is not simply their own abilities that matter to their futures but your own - vince ' s - success with upper management that matters . we respect you , and we don ' t like it when you are disrespected . maureen didn ' t disrespect me today , vince , she disrespected you . it ' s time i told you something . last april , maureen , highly intoxicated following a work - related function at ninfa ' s , made an unsolicited predatory sexual advance on me at my desk on the 19 th floor . i was shocked and disgusted , but i didn ' t say one word about this , vince , because i played it out and didn ' t want to put you into the position of having a raving maureen in your midst as you perhaps had to fire her and then endure a litany of gender - bias crap lawsuits . i " took one for the team , " vince . i can ' rt say i would do it again - maureen is brazen to berate me after what she did , in public no less . i appreciate your bringing me into enron . i ' ve found a respectful and , indeed , a loving work environment . i remain willing to do whatever i can to help the group . clayton
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Subject: transportation for m . gillis and g . whitaker for post presentation celebration at enron box at enron field hi judith ! i have a special parking ticket for malcolm and gil to use in dr . gillis ' s car . then , i ' ll have a car pick up gil when he ' s ready to leave the game - - we ' ll take care of everything ( thanks for offering ) - - we ' re really looking forward to the event ! best regards for a great weekend ! - - christie . - - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 05 / 04 / 2001 04 : 10 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - judith duvall on 05 / 04 / 2001 02 : 09 : 26 pm to : christie . patrick @ enron . com cc : subject : re : rice alp final presentation and post presentation celebration at enron box at enron field christie : could you please fill me in on the logistics ? dr . gillis and gil whitaker will be at the apl project presentation at enron at 4 p . m . . further , they both plan to attend the dinner at enron field . however , dr . gillis must skip the game due to an early morning breakfast the next day . will you provide special parking at the dinner / game ? i think dr . g and gil will go together , then i will have dr . gillis picked up by limo , at approximately 8 : 00 p . m . does this sound feasible ? judith duvall at 10 : 00 am 5 / 4 / 01 - 0500 , you wrote : > hi friends ! > > the big rice - alp final presentation day is almost here : monday , may 7 th , > 4 pm , at enron , 1400 smith . please come to the enron lobby and ask for > me or my assistant , melinda mccarty . > > after the presentation , you are cordially invited to dinner and an astro ' s > game ( vs phillies ) at the enron box at enron field . as participation in > the enron box at enron field is limited to this special invitation list > only , please confirm your attendance via return email , or via voice mail to > me at 713 - 853 - 6117 asap . > > we ' re very excited about the work the rice alp team has done and we ' re all > greatly looking forward to the presentation . > > hope to see everyone monday ! ! > > best regards ! > > - - christie . > > > judith duvall secretary to the president rice university 6100 main street - - msl houston , tx 77005 713 / 348 - 4601 713 / 348 - 5271 ( fax )
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Subject: re : liquids limits oct . 20 john : i will be here most of the week , and am looking forward to working with niamh c . i will also check the availability of people in vince k . group as well as naveen andrews in ours . regards bjorn h . john l nowlan 24 / 10 / 2000 10 : 32 to : bjorn hagelmann / hou / ect @ ect cc : ted murphy / hou / ect @ ect subject : re : liquids limits oct . 20 bjorn , niamh clarke is going to come to houston from mon afternoon to friday next week to work on nvar . she developed var models for mitsubishi and has lots of experience in this area . can you please provide her with the best people we can from research and rac so we can try and get a better understanding and more confidence in our model . i ' m sure you agree with me that if my group is going to make any progress we need to get this sorted . thanks in advance . - - - - - - - - - - - - - - - - - - - - - - forwarded by john l nowlan / hou / ect on 10 / 24 / 2000 09 : 51 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : bjorn hagelmann 10 / 24 / 2000 07 : 31 am to : john l nowlan / hou / ect @ ect cc : scott earnest / hou / ect @ ect subject : re : liquids limits oct . 20 i think we need to sit down and talk about developing reporting that will show the risk in the books . at this point and time it can be derived , but only if you know what to look for . i would appreciate if you had some time to do so . regards bjorn h john l nowlan 23 / 10 / 2000 13 : 10 to : christian lebroc / corp / enron @ enron , scott earnest / hou / ect @ ect , bjorn hagelmann / hou / ect @ ect cc : subject : re : liquids limits oct . 20 looking at these numbers i think the var model must be waaaaaaaaaay over calcing something , most likely the spreads . the net and outright product position are negligible . seems it would take one hell of a daily move to loose 12 . 7 on these positions .
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Subject: re : rice course thank you , see you this evening . dennis loughridge > from : vince . j . kaminski @ enron . com > to : > subject : re : rice course > date : wed , 28 feb 2001 17 : 36 : 59 - 0600 > > > dennis , > > no problem . > > vince > > > > > > " dennis w . loughridge " on 02 / 28 / 2001 > 04 : 24 : 35 pm > > please respond to > > to : > cc : > subject : rice course > > > vince > i am an adjunct professor at rice , working with wil uecker in executive > education . with your concurence , i would like to sit in your energy > derivatives course . i understand from wil that there are 38 students > registered for the course . if you consent , would you let me know what > material i need . > thank you , > dennis w . loughridge > 713 - 348 - 2812 > > > > > > > > get your free download of msn explorer at http : / / explorer . msn . com
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Subject: re : kwi user group vince sorry to hear you cannot make it . . . you would obviously have been the big catch ! ! in terms of a london based replacement , who did you have in mind and what sort of subject could they cover ? david - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : 24 april 2001 23 : 22 to : djw @ kwi . com cc : vince . j . kaminski @ enron . com ; shirley . crenshaw @ enron . com subject : re : kwi user group david , i regret to inform you i am unable to attend the conference due to previous commitments . would you consider a speakers form our london office ? vince david warwick on 04 / 24 / 2001 09 : 47 : 31 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : re : kwi user group vince any further thoughts on this ? david - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : 13 april 2001 21 : 44 to : djw @ kwi . com cc : vince . j . kaminski @ enron . com ; vkaminski @ aol . com subject : re : kwi user group david , thanks for the invitation . i shall check my schedule on monday and will get back to you regarding the conference . i hope you will a very happy easter . vince david warwick on 04 / 12 / 2001 04 : 04 : 32 pm to : " ' vince . j . kaminski @ enron . com ' " cc : subject : kwi user group dear vince please may i reintroduce myself . we met last year at the sydney eprm conference which my company kwi sponsored . i chaired the session at which you spoke . as you may remember , my company , kwi are one of the world ' s leading provider of systems ( kw 3000 ) and consultancy for energy , trading and risk management . we have over 60 clients worldwide including many of the world ' s leading energy companies ( not enron unfortunately ) : north america - tva - ontario power - cinergy - bonneville power europe - enel - atel - electrabel - edf nordic - vattenfall - fortum - sydkraft - statkraft - birka energi - norsk hydro each year we stage a " kwi users forum " - a 2 - day event attended by leading trading and risk staff from our clients . last year there were about 100 delegates . the agenda primarily focusses on issues surrounding risk management for the energy sector . the agenda comprises keynote presentations on burning risk issues from industry leading energy speakers and practical workshops focussed around using our software . this years event is at a luxury hotel in the wonderful spanish city of barcelona and runs from the evening of sunday september 9 th to tuesday september 11 th . the main conference dinner is on the monday evening and is always a memorable event . this year it is in a leading barcelona restaurant preceded by a bus tour of the city with a stop for pre - dinner drinks . i would like to invite you to make the opening keynote address , the highlight of the conference . the subject could be : * a general energy risk related topic * a general insight into the secret of enron ' s continued success in the energy markets * your thoughts on the future development on energy markets ( and other commodity related - bandwidth etc . ) worldwide obviously , we would cover all your delagate costs including accomodation , food and drink . what ' s in it for you ? many of our users are some the energy sectors leading risk thinkers and i ' m sure you would enjoy meeting them and exchanging views . please let me know if you are able to accept the invitation . best regards david warwick - marketing dierctor and co - founder
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Subject: feedback from your espeak vince : i had a phone call from joe phelan late yesterday . he was thrilled that you had answered his question so thoroughly . i ' ve talked to a few other people who really got a lot out of your session , including someone who wants to come work for you ! thanks , again , for giving us some of your time . - er
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Subject: re : time keeping please arrange for time - keeping training for kevin moore . thanks , mike roberts
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Subject: updated presentation i added guadalupe ' s experience .
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Subject: good news on endorsements vince & vasant , jeff skilling has said that enron would not make any endorsements of third - party services , so please disregard my previous e - mail regarding aer press releases . joe
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Subject: christmas list hello vince and mike i want to keep you informed . this year all baskets will be done in a timely manner . on last year we were going through a major move therefore many people played key roles in keeping us together . this year however , is a little different , as it is always nice to give unfortunately we can not give to everyone . i am sending a lists of who we have so far . there are a few names on the list that i feel we should do something else for this year . under shirley ' s list of names . ( not so expensive ) they are : move team who ? mail room who ? facilities help desk who ? there are other tokens of appreciation that we can get for them . please note that you two are the only ones that have seen this e - mail so far i will need your approval for all baskets , however your input on the matter will be greatly appreciated . the list is not completed i am still waiting for additions . thanks kevin moore
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Subject: re : invitation to speak at infocast ' s upcoming " market price volatility " program ron , we are really swamped and i would like to keep our involvement in conferences to a reasonable minimum . i can promise that we shall help you with a future conference if it happens to be in houston . vince " ron henderson " on 01 / 11 / 2000 03 : 13 : 56 pm please respond to ronh @ . com to : vince j kaminski / hou / ect @ ect cc : subject : re : invitation to speak at infocast ' s upcoming " market price volatility " program vince , i am sorry you can ' t join us . is there someone on your staff who might be able to do the presentation " a real options approach to asset valuation , " scheduled for thursday , may 11 th , from 10 : 30 am to 12 : 00 pm . ? ron - - - - - original message - - - - - from : vince j kaminski [ mailto : vkamins @ ect . enron . com ] sent : monday , january 10 , 2000 10 : 53 am to : ronh @ . com cc : vince j kaminski ; shirley crenshaw subject : re : invitation to speak at infocast ' s upcoming " market price volatility " program > ron , i am sorry to inform you that due to a scheduling conflict i cannot speak at this conference . i want to thank you for considering me as a speaker . vince kaminski " ron henderson " on 12 / 30 / 99 06 : 57 : 05 pm please respond to ronh @ . com to : vince j kaminski / hou / ect @ ect cc : subject : invitation to speak at infocast ' s upcoming " market price volatility " program hi vince , i would like to invite you , or one of your staff , to be a speaker at infocast ' s upcoming conference " market price volatility : how to model , assess , and manage price volatility in today ' s power markets , " scheduled for may 10 - 12 , 2000 , in chicago . i am attaching a copy of the draft program agenda for your review . as you may note , we wish to take our recent houston meeting a step farther by making this next session a more technically - oriented meeting . there are two spots you may wish to consider : 1 . the session entitled " case study in modeling volatility , " scheduled for wednesday , may 10 th , from 3 : 30 to 5 : 00 pm . you will note below , what we had in mind for the case study . 2 . the talk " a real options approach to asset valuation , " scheduled for thursday , may 11 th , from 10 : 30 am to 12 : 00 pm . i am running behind schedule in finalizing this program , so i will give you a call shortly to follow up with you . if you wish , please feel free to call me at 818 - 888 - 4445 ext . 28 . i hope you can join us . ron henderson infocast 818 - 888 - 4445 ext . 28 ronh @ . com case study guidelines 1 . model should be for a particular market . examples : pjm , chicago , ecar , southern california . lb ( optional ) . model should be for a particular purpose . examples : valuing a new combustion turbine at the florida / georgia border , bidding on a portfolio of power plants up for sale in nepool , valuing a retail portfolio in pennsylvania . 2 . model should be estimated on a particular data set . examples : daily nymex close prices for palo verde , pjm hourly spot prices for 1998 - 1999 . 3 . case study should describe several candidate models , for volatility and / or market price , that were considered . case study should discuss why these models were considered . candidate models should be described mathematically and verbally . 4 . evaluation criteria for choosing among the models should be explicitly identified , and quantified to the extent possible . examples of evaluation criteria : residuals that are not autorcorrelated , stationarity , r - squared , akaike information criterion . 5 . parameter estimates for each candidate model should be displayed . the estimation procedure employed should be briefly described . 6 . some diagnostics of model fit ( vis - a - vis data set ) should be presented . 7 . if possible , predictive power of model should be assessed . generally , the case study should include all of the items above . the case study may include other things .
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Subject: re : thanks , please tell me if you need anything from ees . vince j kaminski @ ect 01 / 09 / 2001 02 : 30 pm to : denise furey / hou / ees @ ees cc : vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect subject : re : denise , no problem . we shall prepare a short presentation to address these issues . vince kaminski denise furey @ ees 01 / 09 / 2001 11 : 12 am to : vince j kaminski / hou / ect @ ect cc : subject : i hope you have seen the email below . do you have any problem with what jeremy has asked you or your group to address . is there anything that you want us to supply to you to assist you ? - - - - - - - - - - - - - - - - - - - - - - forwarded by denise furey / hou / ees on 01 / 09 / 2001 11 : 11 am - - - - - - - - - - - - - - - - - - - - - - - - - - - denise furey 01 / 08 / 2001 11 : 46 am to : gayle w muench / hou / ees @ ees , michael tribolet / corp / enron @ enron , william s bradford / hou / ect @ ect , vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect cc : don black / hou / ees @ ees , tony spruiell / hou / ees @ ees subject : i believe all of you received a request from jeremy blachman to hold the afternoon of january 10 th open for an off - site to discuss the manner in which rac and research assess / test the credit quality of ees transactions . i realize that rac and ees have had many discussions as to the methodology , but it might be helpful for all of us to understand the actual derivation of some of analysis . please call me with any questions or comments at ext # 30349 . the agenda will be as follows : 12 : 00 - 1 : 00 lunch 1 : 00 - 3 : 30 presentations 3 : 30 - to close discussion rac / research presentations the following topics would be of interest to ees : 1 - the derivation of default probabilities including ( research ) - - a discussion of the actual mathematical process , - - the analytics behind why these computations are deemed the best for enron , - - a comparison to historic default rates and why they differ ( in respect to actual default rates , shape of the cumulative default curves etc . 2 - the volatilities which are used to determine possible loss scenarios for the commodity portion of ees deals including ( research ) - - the selection of curves - - the application of those curves to the actual credit reserve model and - - why these particular tests are applicable to our products . 3 - the recovery rates used in the credit reserve model . how are these figures derived ? ( rac ) 4 - how rac and research have adjusted the credit reserve model to accommodate unusual aspects of the deal including ( rac ) - - promotion payments , - - accounts receivable - - committed capital - - and other factors ees also understands that some of you may be familiar with our processes , however , there are perhaps areas that you would like to understand more fully . please tell us what you would like to hear from us . also , rac has sent us the credit reserve model and i have seen completed models . perhaps prior to our meeting on wednesday , someone from rac and / or research could sit with me and someone from phil layton ' s group and go through the process of how the various pieces are put together .
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Subject: congratulations on your promotion congratulations on the much deserved recognition you have recently received from the enron executive committee . sue haynes enron staffing
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Subject: re : greg spaniolo resume johnny , greg spaniolo seems to be better suited for work in liquid markets - - certainly not the situation with coal and emissions . brad romiane suggested that vince kaminski might be interested in this resume . as far as my search goes , keep an eye out for the bs and ms - level folks . thanks . jeff johnny palmer @ enron _ development 02 / 12 / 2001 10 : 15 am to : jeff andrews @ enron cc : subject : greg spaniolo resume jeff , please advise me of your interest in greg ' s experience . thanks , johnny - - - - - - - - - - - - - - - - - - - - - - forwarded by johnny palmer / enron _ development on 02 / 12 / 2001 10 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " gregory v . spaniolo " on 02 / 12 / 2001 10 : 12 : 58 am to : johnny . palmer @ enron . com cc : subject : resume here is my resume . greg - resume . doc
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Subject: initial collection of research material for your web sites dear sven the packets cover electricity and gas markets and modelling , deregulation & exchanges , weather derivatives and value - at - risk / risk management / case studies . this is by no means final , and i hope to supplement with some more ideas over the next few days . once you have considered the material , i can fine - tune the type of material that is relevant for you and then we can look at starting to put something together , after which we can pass on to mike roberts if you need some simple articles on pricing options or an explanation on how to calculate volatility , then i am sure we can put that together for you . regards , anjam x 35383
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Subject: credit model vince and stinson , we met bill bradford yesterday , the credit model modification turns out to be three projects . 1 ) potential exposure calculator this requres forward curves simulation and revaluation of all deals over the tenor ( typically 20 years ) . it needs multi - factor hjm and gas - electricity joint factors of loading . output from this model is the maximal loss amount and its confidence interval . expected delivery time : 1 month 2 ) include asian option model into the current xll calculation engine . this is more concrete and simly to do . expected delivery time : 2 weeks . 3 ) incorporate krishna ' s " eam " option valuation into the credit model this one is not yet urgent . i may need more resources to accomplish these tasks . paulo has difficulty to commit himself to even to the second task , citing that he has other things to do . therefore i need your help in setting the prorities . thanks , zimin
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Subject: re : alp presentation dennis , thanks for you message . i shall send you more information regarding the dinner later this week . christie patrick , who is in charge of our university liaison unit , is making arrangements for the evening at the enron field . hopefully , we shall be able to combine dinner with a game . vince " dennis w . loughridge " on 04 / 30 / 2001 10 : 49 : 10 am please respond to to : cc : subject : re : alp presentation vince i will be attending the alp presentation on may 7 and would be pleased to join the team for dinner if it is not too late . thank you dennis loughridge dennis w . loughridge director of energy consortium rice university 713 - 348 - 2812 - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : tuesday , april 10 , 2001 8 : 16 am to : loughrid @ rice . edu cc : luigical @ rice . edu subject : alp presentation sorry , trying again . i probably got a wrong e - mail address and the original message was returned . vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 10 / 2001 08 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 04 / 10 / 2001 08 : 13 am to : barrett @ rice . edu , uecker @ rice . edu , cmiller @ rice . edu , lounghrid @ rice . edu , luigical @ rice . edu cc : vince j kaminski / hou / ect @ ect , christie patrick / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , kenneth parkhill / na / enron @ enron subject : alp presentation on behalf of enron corp . i would like to invite you to an alp project presentation by a group of students of jesse h . jones graduate school of management , rice university . the students will present the results of a research project regarding electronic trading platforms in the energy industry . the presentation will be held on may 7 , at 4 : 00 p . m . at enron , 1400 smith . we would also like to invite you to dinner , following the presentation . vince kaminski vincent kaminski managing director - research enron corp . 1400 smith street room ebl 962 houston , tx 77002 - 7361 phone : ( 713 ) 853 3848 ( 713 ) 410 5396 ( cell ) fax : ( 713 ) 646 2503 e - mail : vkamins @ enron . com
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Subject: visit may 4 th vince : per susan ' s email below , do you want to go to the luncheon for john hennessey ? she doesn ' t say where the lunch is going to be , did you get an invite ? the only thing you have that day is 9 : 00 am larry thorne and the energy derivatives class at 11 : 30 . let me know . thanks ! shirley - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 04 / 17 / 2001 11 : 55 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " susan c . hansen " on 04 / 17 / 2001 10 : 47 : 38 am to : shirley . crenshaw @ enron . com cc : clovell @ stanford . edu , donna lawrence subject : visit may 4 th hi shirley , thanks for corresponding with carol during my absence , and confirming our meeting with vince kaminski at 1 : 30 on may 4 th . i have a question about the logistics . i believe dr . kaminski has received an invitation to an event in houston : new stanford president john hennessy is visiting a number of cities on a " welcome tour , " and it just so happens he is hosting a luncheon in houston on may 4 th . if dr . kaminski wants to attend the hennessy welcome tour luncheon , donna lawrence and i could meet with him at 1 : 30 somewhere in the hotel . if he ' s not attending the presidential event , please let me know where you are located , and we ' ll plan travel time accordingly . regards , susan susan c . hansen director , corporate relations school of engineering stanford university stanford , ca 94305 - 4027 ( 650 ) 725 - 4219
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Subject: 9 inch t . v . goodmorning , we need another 9 inch t . v . i am sorry to say but we need it as quickly as possible . the location for the set is eb 31301 c . delores , you may have to install cable , i am not sure , so would you please check for me . company # 0011 r . c . # 100038 thanks kevin moore
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Subject: working at home this afternoon i will be working from my home this afternoon after 1 : 30 pm . my extension will be forwarded to my home . if i happen to be away from the phone taking care of my mother , leave a message and i will return your call immediately . there is a generic message on my home phone , " please leave message after tone " , so don ' t worry that you have the wrong number . you may reach me by email at adupont @ pdq . net . in the next several days , i will be set up to dial in and you will be able to use my regualr enron email address . i will be at my desk most days , but until we have mother settled in the rehab facility there may be some days or afternoons that i will be working at home . please do not hesitate to contact me if you need meetings set up or any other thing that you would normally request of me . thanks . anita
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Subject: re : video conference for interview : stig faltinsen anjam , sorry , i am busy on thursday . i shall ask shirley to contact you . friday 9 : 30 to 10 : 30 my time would work . vince vince anjam ahmad 04 / 25 / 2000 09 : 51 am to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect cc : subject : video conference for interview : stig faltinsen hi vince , this candidate was forwarded from the norway office . he is finishing his phd in cambridge but is available soon . if you are free on thursday before the regular weekly meeting that would be good - would 3 pm or 4 pm work for you ( 9 am or 10 am your time ) to set up the video interview ? regards , anjam x 35383 cv attached :
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Subject: re : support on statistical modeling thanks for the quick response . i look forward to meeting martin . regards , rh randall hicks director - marketing enron broadband services 1400 smith street houston , tx 77002 work - 713 . 853 . 9970 randall _ hicks @ enron . net
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Subject: bonds hello , vince . we still have the 2 other bonds in our inventory . are you interested ? david c . walkup financial consultant 713 - 658 - 1685 800 - 456 - 9712 caution : electronic mail sent through the internet is not secure and could be intercepted by a third party . for your protection , avoid sending identifying information , such as account , social security or card numbers to us or others . further , do not send time - sensitive , action - oriented messages , such as transaction orders , fund transfer instructions , or check stop payments , as it is our policy not to accept such items electronicall
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Subject: reply to your email / ignore my voicemail 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
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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
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Subject: dpc memo vince , i am in houston ( rrived satruday ) , and will be in office on monday ( though officially , i am on vacation ) . would like to catch up with you if possible . it looks like your team will be getting involved in some form on the dpc side . i have already made a recommendation to wade . i am attaching a small memo that i have addressed to wade on the dpc position and possible workout . this is still a draft and will likely get shared later with others . i would love to get your comments on the same . at the same time , this also will give you some idea of the problem , in conjunction with the other plan presentation i had sent you . look forward to touching base with you . regards , sandeep .
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Subject: transmission roundtable everyone , several of us have talked about starting an ongoing meeting that we can use as a platform to discuss various transmission issues . i invite everyone to our first meeting , i have received names from several different sources for the invitation list . if any of you feel that others should be present please let me know . vince has agreed that the research group will sponsor this activity and our first meeting is scheduled for friday , december 8 th . , from 11 : 30 - 1 : 00 . please rsvp to anita dupont whether or not you will be able to attend and your lunch preference for sandwiches or salads . anita ' s extension is 30329 and her e - mail is adupont @ enron . com . regards , lance
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Subject: california update 4 / 27 / 01 the following report contains confidential and sensitive information . please treat with discretion . executive summary : ? ferc price cap decision reflects bush political and economic objectives . politically , bush is determined to let the crisis blame fall on davis ; from an economic perspective , he is unwilling to create disincentives for new power generation ? davis finds four major flaws with ferc plan , most notably its exclusion of out - of - state generators ? june lst " kill clause " for ferc order could coincide with new bush regional plan ? california facing growing fiscal risk following bond downgrade , expected $ 20 billion power bill this summer - - economic crisis would force deeper administration involvement ? qf bid for advance payments from pg & e likely to fail in bankruptcy court ? new generation delays probable because of state / qf squabbling ? consumer groups are preparing a constitutional challenge to socal bailout deal 1 . ferc fallout the ferc decision is a holding move by the bush administration that looks like action , but is not . rather , it allows the situation in california to continue to develop virtually unabated . the political strategy appears to allow the situation to deteriorate to the point where davis cannot escape shouldering the blame . once they are politically inoculated , the administration can begin to look at regional solutions . moreover , the administration has already made explicit ( and will certainly restate in the forthcoming cheney commission report ) its opposition to stronger price caps on the grounds that they are unwilling to create disincentives to the construction of new generation . it is interesting and ironic to note that electricity generators were generally happy with the ferc order and that the only ferc commissioner who favors price caps actually voted against this plan . 2 . something less than effective price caps from davis ' s point of view , the ferc plan has four major flaws : ? the order applies only to california , not to the rest of the west . non - california generators are not required to sell at capped rates to california . ? as the order is written , it is more of a price floor for emergency power than a ceiling . ? state officials also believe that energy suppliers will continue to game the system , because the price mitigation scheme only kicks in after a stage 2 emergency and does not require any collusion . ? even when the price caps kick in , they are based on the cost - plus for the highest cost producer supplying power to california and do not require wholesalers to abide by the cap . the generators can also charge above the cap , provided they can subsequently justify the excess charge to ferc . 3 . proposal " kill clause " adds to the political dilemma for davis the ferc proposal includes a " kill clause " that says the caps will be withdrawn unless california ' s iso agrees by june lst to become part of the regional grid now under ferc control . if davis doesn ' t sign on to the regional grid by june lst , then he will have to live with june 2 nd headlines blaming him for letting the " bush price caps plan " collapse . 4 . growing fiscal risk in california sources speculate that california could therefore pay as much as $ 20 billion on power this summer - this is more than the combined enterprise value of pg & e and sce . these sources believe that , because of the severity of the situation , the ferc and / or the federal government will be forced to take further action to control prices for power . the consensus is that the state of california will run out of money in about 90 days . one of the first projects to be cancelled will be state plans to finance new power plant construction in exchange for long - term power deals . the bleak fiscal picture is also causing bank creditors to revisit the bridge loans they are providing to california . the bush administration and the fed are only now waking up to the seriousness of the fiscal picture . the country ' s largest and most prosperous state will have gone from large surpluses to serious debt downgrades and devastating deficits in a matter of months . 5 . qfs to seek advance payment from pg & e meanwhile , on the bankruptcy front , the qfs reportedly will ask the bankruptcy judge today to give them advance payment from pge ' s accounts , since their natural gas vendors have likewise demanded advance payment for gas . it appears very unlikely that the qfs ' request will be granted . if the qfs do not receive advance payment , it is likely that most of the 4 , 000 mw of gas - fired qf capacity will remain offline . 6 delays likely in new qf generation the qf deals made with the state for long - term contracts are being continually renegotiated , which is likely to mean that the new plants those contracts are supposed to finance will not be online as early as anticipated . 7 . consumer groups ready to challenge constitutionality of sce bailout plan harvey rosenfield and his colleagues reportedly have been reviewing an analysis of the mou for the sce bailout plan . the analysis was done by a utilities analyst , rather than a lawyer , though it appears to raise a number of good legal points . for example , one of the elements of the mou is a " non - bypassable " charge on ratepayers that would require them to pay even if they disconnect from the grid . this is effectively a tax , since there is no exchange of value for money , which under the ca constitution cannot be used to directly benefit a private entity . this makes the bonds that would be issued are general obligation bonds , rather than revenue bonds . according to the constitution , the state cannot be put into debt to benefit a private company . for this and other reasons , even if the republicans would vote for the sce bailout , which remains unlikely , the bailout probably would not stand a likely constitutional challenge . 8 . governor hurt by continued failure to disclose long - term power contracts the issue of the governor ' s failure to disclose the details of the long - term power contracts continues to distress the other players in the crisis . even if he were to disclose everything he and his staff have been negotiating , it is likely that their actions and negotiations will challenged , creating an even further delay .
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Subject: congrats ! vince , congrats on your promotion ! well - done ! rob
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Subject: cera conference call and web presentation : winter weather scenarios . . . - cera conference call cera conference call : sent fri , november 10 , 2000 title : cera conference call and web presentation : winter weather scenarios . . . author : n . american gas team e - mail category : conference call product line : north american gas , url : http : / / www . cera . com / cfm / track / eprofile . cfm ? u = 5166 netscape navigator 3 . 02 or higher ; or sun hot java ( tm ) * close all desktop applications and disable your screen saver technical assistance u . s . callers : if you are experiencing difficulties during the call , you may signal for technical assistance by pressing * 0 ( star , zero ) on your telephone keypad after you have connected to the audio portion of the conference . international callers : please re - dial and ask the operator for assistance before giving the confirmation code . a recording of this call ( audio only ) will be available until december 17 , 2000 . to access this recording , please call 1 - 888 - 203 - 1112 ( within the u . s . ) or ( 719 ) 457 - 0820 ( outside the u . s . ) . please use confirmation number 432374 to access the call . if you have any questions , please contact mary rice via e - mail at mrice @ cera . com , or via telephone at ( 617 ) 498 - 9123 . * * end * * follow url for html version of this message only . account changes to edit your personal account information , including your e - mail address , etc . go to : http : / / eprofile . cera . com / cfm / edit / account . cfm 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 . cera . com / tos . html questions / comments : webmaster @ cera . com copyright 2000 . cambridge energy research associates
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Subject: re : houston research opportunity : anjam ' s plight grant , i agree . we shall give him an offer of a job in houston ( on the terms we discussed with ) plus an option to stay in london , if he does not like houston . his choice . i think we extended a very generous offer to him and he may have an excessive perception of his contribution to enron . vince enron north america corp . from : grant masson 08 / 09 / 2000 02 : 41 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : houston research opportunity : anjam ' s plight vince : i got the following note from uk hr after had a call from them earlier today . i told them that the deal you and i communicated to anjam was firm and not negotiable ( with the exception of the issues regarding the flat rental ) . apparently , anjam is trying to play hard ball . what ' s your commitment to anjam ? should we explore a package deal ? my vote is no . grant . tara rozen 08 / 09 / 2000 12 : 17 pm to : grant masson / hou / ect @ ect cc : melanie doyle / lon / ect @ ect subject : houston research opportunity grant unfortunately , we were unsuccessful in our attempt to convince anjam that he should transfer on a local us package . the difficulty is not so much the compensation and benefits , it seems more to do with the actual job and long - term prospects . he will only , therefore , commit to 12 months and only on assignment terms . we explained to anjam the rationales for transferring locally , ie not just cost but equitability among his peers . he is convinced that his skills and enron knowledge are valueable enough to warrant an assignment rather than a local deal . also , he was apparently told by vince that it was impossible for you to find a local hire for this role as you were not paying the market rate . would you like to move further with this ? if so , we can put together costs for you for a 12 month assignment and see what you think . i am out tomorrow but back in on friday and could do it for you then . let us know ! regards tara - - - - - - - - - - - - - - - - - - - - - - forwarded by tara rozen / lon / ect on 09 / 08 / 2000 18 : 14 - - - - - - - - - - - - - - - - - - - - - - - - - - - melanie doyle 08 / 08 / 2000 13 : 07 to : tara rozen / lon / ect @ ect cc : madeline fox / lon / ect @ ect subject : houston research opportunity tara , can we discuss tomorrrow ? thanks mel - - - - - - - - - - - - - - - - - - - - - - forwarded by melanie doyle / lon / ect on 08 / 08 / 2000 13 : 04 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron europe from : anjam ahmad 08 / 08 / 2000 12 : 08 to : vince j kaminski / hou / ect @ ect , grant masson / hou / ect @ ect cc : melanie doyle / lon / ect @ ect subject : houston research opportunity dear vince i would like to make the suggestion that we make this opportunity a one - year assignment working with tanya , and then re - evaluate the situation at the end of the year in terms a new role for me in houston thereafter , subject to mutual agreement . the alternative situation of resigning from enron europe and re - joining enron corp is too dramatic and requires me to " burn bridges " and my return to enron europe would be difficult . also , i would lose the valuable support structures available to me in london . the amount of any fixed costs ( flights , modest cargo , a few months of mortgage carrying cost ) are entirely reasonable , not excessive given my single status and not so great that they justify making the contract a three year ( local ) one . i would expect that on the basis of almost 3 1 / 2 years solid experience & value - added at enron europe , the value of several million pounds i have identified & justified to external auditors for enron europe this year and an " excellent " rating ( my fourth making my 3 1 / 2 yr average rating also " excellent " ) , i could reasonably be expected to justify a fair deal ( i . e . my existing enron europe salary & benefits package plus a reasonable one - off allowance to cover unavoidable additional personal expenses ) . regards & thanks again for the opportunity , anjam x 35383
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Subject: interview dear dr . kaminski i would like to thank for the interview opportunity at enron . it was very nice and pleasant to talk with very talented people . i wish this interview develop to the further stage of the opportunity . as matter of fact , i have started the current job at kansas city with an internship expiring november 3 rd . i got an permanent job offer from them and i think i should decide whether to accept the offer or not very soon . but after i visited enron , i feel that i want to pursue my career development at enron for many reasons . so if the decision process is made soon , i will appreciate it greatly . ( i apologize for the hurry . i already sent a message regarding my situation to molly a minute ago . ) thank you very much . sincerely , jaesoo
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Subject: congratulations vince , congratulations ! i wish you the best of luck with your new responsibilities . shalesh ganjoo
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Subject: re : move computer from the research group 19 th floor to the 44 th floor shirley - i spoke with janelle duree ( manager - move team ) , she is investigating the mystery of the missing phone and will call me back with status - if you can take care of the pc , i think we look good on the phone . i also spoke with paul racicot to make sure we are all of the same mind and he is set as well . p shirley crenshaw @ ect 06 / 15 / 00 02 : 06 pm to : emmanuel mangin / corp / enron @ enron cc : clayton vernon / corp / enron @ enron , paula corey / enron communications @ enron communications , vince j kaminski / hou / ect @ ect subject : move computer from the research group 19 th floor to the 44 th floor hi emmanuel : we need a computer installed on the 44 th floor tomorrow , if at all possible . we have a new summer intern coming on monday the 19 th and the computer and everything else has disappeared from his desk . the location is eb 4444 b . the computer we are moving is clayton vernon ' s old computer . he is finishing up moving his files to his new computer as i am writing this . please call me in the morning and we will talk further . thanks ! shirley crenshaw 3 - 5290
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Subject: re : requests for help thanks vince .
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Subject: re : eprm article chris , this is very well written and will serve the reader well . a few comments . 1 . when i think about the taxonomy of the var models , i typically use the classification based on 3 categories : a . variance / covariance method b . historical simulation c . monte carlo simulation . delta approach is the way of representing a position in a nonlinear instrument . 2 . i would define monte carlo as an approach based on statistical simulation of behavior of all the market prices / rates , etc . , and revaluation of the entire portfolio . the revaluation may be based on an approximation ( using taylor ' s expansion ) that may involve delta , delta / gamma , delta / gamma / omega or may be exact ( based on the same model that produces the mark - to - market portfolio valuations ) . the main benefit of using the mc simulation in the energy markets is the ability to capture the gapping behavior of the energy markets in a straightforward way . i would emphasize that there are attempts to incorporate jumps in the v / c model ( i shall send you the references from home ) . 3 . i would mention that historical simulation may break down in the markets that are evolving quickly ( new instruments for which we have no comparable prices , behavior of prices may change as markets mature or de - mature ) . 4 . for bigger portfolios , virtually all methods require some level of aggregation into atomic , elemental instruments to reduce the dimensionality of the problem . this process may be a source of a big error . 5 . the computational burden of mc can be reduced through clever preprocessing of a portfolio that introduces no error . many swaps with the same underlying can be aggregated into one positions ( they are portfolios of forwards and they are linear instruments ) . please , feel free to use any comment ( or none ) . vince " chris strickland " on 08 / 28 / 2000 02 : 58 : 56 pm please respond to " chris strickland " to : cc : subject : eprm article dear vince , ? d you think you might be able to look at this in the next day or so ? robin is after something by the end of this week . ? best regards . ? chris . ? - eprm _ 01 _ var . doc
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Subject: energy book hi vince , i have pulled a list of names together that i would like to send some samples of our chapters of the book too , in the next couple of days , in order to try and get one or two sentence " reviews " for the dust jacket of the book . i obviously won ' t say anything about enron ' s sponsorship until it is official sorted out , but is it ok if i indicate that yourself and grant are contributing material to the book ? i ' m proposing to send 5 or 6 chapters to the following - unless you have any objections or suggestions ? david shimko ehud ronn helyette geman mark garman dragana pilipovic corwin joy ilia bouchouev alexander edyleland steve thomas hope the writing is going ok , and regards to grant . best regards . chris
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Subject: masayuki fujita from the mitsubishi research institute i have been at enron for eight months and work under sally beck . in december i attended the exotic energy derivatives conference , where i met masayuki fujita from the mitsubishi research institute . he is doing research on the deregulation of the japanese power market . we had lunch together and chatted for some time about his work ( i worked in a japanese company for 8 1 / 2 years and speak fluent japanese , so we got along easily ) . he was in houston this week and came by to visit . on monday , we met with vince kaminski and grant masson and later had dinner with them . sally suggested that i introduce him to alan aronowitz and you . of course , you were out of town , but we did meet with alan who said you would probably want to meet him back in tokyo anyway . would you like for me to set something up ? regards , eugenio
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Subject: re : forward oil prices jens , i think i have cc ' ed you on this . john nowlan approved and stinson gibner has the curves available for you . vince jens gobel @ enron 11 / 10 / 2000 04 : 44 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : forward oil prices hi vince , have you already heard back from john nowlan ? thanks a lot for your help again . have a great weekend . jens jens gobel 10 / 26 / 2000 12 : 06 pm to : vince j kaminski / hou / ect @ ect cc : subject : forward oil prices vince , as discussed on the phone , i am sending you the request that i have received from prof . buehler . prof . buehler is the head of the faculty of finance at mannheim university in germany . currently , he is writing a study about the hedging strategy that led to the metallgesellschaft debacle . for this study he would like to get forward oil prices form us . the forward oil prices should be for wti with cushing as the delivery point for the time period july 1986 and december 1996 with remaining contract durations between one and ten years . it would be ideal to get this data on a daily basis . weekly or monthly data is helpful as well , of course . since mannheim university is among enron ' s tier one recruiting universities in germany , it would be great if we could help him with some data . thanks a lot for your help . jens o . korn @ uni - mannheim . de on 10 / 10 / 2000 11 : 44 : 57 am to : jens . gobel @ enron . com cc : subject : daten sehr geehrter herr goebel , bezugnehmend auf ihr heutiges telefongespraech mit herrn prof . buehler hat mich prof . buehler gebeten , ihnen genauer darzustellen , welche daten idealerweise fuer unsere studie benoetigt wuerden . zunaechst zum hintergrund . wir sind auf enron gestossen , weil eduardo schwartz in einer seiner arbeiten die folgende datenquelle angibt : " in addition to the publicly available futures data described above , for the purpose of this study enron capital and trade resources made available some proprietary historical forward price curves from 1 / 15 / 93 to 5 / 16 / 96 . from these data ten forward prices were used in estimation , ranging in maturities from two months to nine years " dies laesst uns annehmen , dass enron bestimmte daten verfuegbar hat . nun zum idealen datensatz : forwardoelpreise ( am besten wti mit lieferung in cushing ) fuer restlaufzeiten zwischen einem und zehn jahren fuer den zeitraum juli 1986 bis dezember 1996 . dabei waere eine hohe datenfrequenz ideal ( taeglich , ansonsten woechentlich oder monatlich ) . zusaetzlich waeren auch spotpreise fuer wti mit lieferung in cushing nuetzlich . diese idealen datenanforderungen werden sich vermutlich nicht erfuellen lassen . jedoch waere uns auch schon geholfen , wenn ein kuerzerer zeitraum oder eine niedrigere datenfrequenz vorlaege . wir waernen ihnen sehr dankbar , wenn sie in erfahrung bringen koennten , inwiefern solche daten von enron zu erhalten sind . herzlichen dank fuer ihre muehe und beste gruesse olaf korn p . s . bei rueckfragen stehe ich ihnen jederzeit gern zur verfuegung dr . olaf korn university of mannheim chair of finance d - 68131 mannheim germany tel . : + + 49 / 621 / 181 - 1487 fax . : + + 49 / 621 / 181 - 1519 e - mail : o . korn @ uni - mannheim . de
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Subject: re : forecasting project barbara , we are in touch with ketra and john and we shall work with them when they are here . vince barbara g dillard @ enron 08 / 29 / 2000 11 : 23 am to : mark mixon / hou / ees @ ees @ ect cc : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect , laura luce / corp / enron @ enron , d . wear @ pecorp . com @ ees @ ect , k . schmitt @ pecorp . com @ ees @ ect , j . wirick @ pecorp . com @ ees @ ect subject : re : forecasting project mark : f . y . i . - i have been informed by ketra that she plans to be in the houston office on monday september 18 th through wednesday september 20 th to meet with vince and stinston . hopefully we will be ready to continue phase i of the forecasting project . can you make arrangements with vince and stinson ( hopefully they will be available to meet ! ) . thanks ! barbara ( 312 ) 541 - 1232
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Subject: anjam vince , let me know when you ' ve talked to anjam about moving to houston . i need to do his performance review this week and it would be good to get this on the table with him before then . thanks - dale
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Subject: global technology organization changes as the global technology group moves forward in accomplishing its goals of developing worldwide technology standards , ecommerce opportunities and global platforms , we continue to make changes in the organization to enhance communication and maximize our intellectual capital . with that in mind , we are pleased to announce the following organization changes within global technology : jay fitzgerald , md ecommerce , will be moving to enron north america and will have responsibility for all of ena  , s ecommerce initiatives . although this will be a big loss for global technology , jay will provide immediate benefits to the explosion of ebusiness opportunities that are developing in the ena lines of business . jay will report to greg whalley . steve horn , vp investments , will be moving into global technology to head the ecommerce ventures group responsible for ecommerce merchant investing . the scope of this new group will include investing in the following areas : strategic sourcing / procurement / demand aggregation / asset disposition businesses ecommerce enabling technologies global ecommerce opportunities outside of ebs / ena / ee . ebs , ee and ena will be evaluating and making equity investments within their specific business units . examining houston technology business opportunities not directly related to enron  , s business . steve will report directly to me in his new role . jenny rub has accepted the newly formed position of vp of infrastructure for enron corp . her responsibilities include managing all it infrastructure support activities . jenny will report to philippe bibi . jenny is currently vp and cio for the gas pipeline group and she will be transitioning out of that role as she completes several important initiatives . beth perlman has recently relocated to the united states as vp of ena  , s application development , rac and treasury applications . she was previously heading up application development for enron europe . she will report to philippe bibi . dan bruce , vp , is responsible for it support in the international regions , ee & cc and asset operations . he will report to philippe bibi . john pavetto , vp , will be responsible for all ecommerce initiatives outside of enrononline . john will report to philippe bibi . jay webb , sr . director , will continue to lead the enron online team reporting to philippe bibi . arshak sarkissian , sr . director , has accepted a position with ebs  , s strategic development group and will be transitioning his responsibilities over the course of the next few weeks . he will report to scott yeager . please join me in congratulating everyone on their new positions .
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Subject: h - ib visa application chonawee : further to our telephone conversation this morning , i am attaching a visa questionnaire that i need you to complete and return to me immediately , together with the documents listed at the bottom of the form . as explained , i will send everything to our attorney ' s office in the hope that they can file for the h - ib prior to reaching the cap , but in the event this does not go through , your h - ib will not be available until october , 2000 . as your opt does not expire until november 1 , 2000 , we will still have the opportunity to get you an h - ib before your opt runs out . please bring these documents to me in eb 3694 . margaret daffin x 57843
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Subject: christmas break fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 12 / 14 / 99 07 : 51 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " van t . ngo " on 12 / 04 / 99 11 : 17 : 01 am to : vince j kaminski / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : christmas break dear vince , as the holidays approach , i am excited by my coming break from classes but also about the opportunity to see everyone at enron again and to work with you and them soon . i am writing to let you know that i would be very happy to work at enron over my break and i would like to plan out a schedule . my semester officially ends dec . 20 th but i may be out of town the week before christmas . i will be available the following three weeks , from monday , dec . 27 to friday , jan . 14 . please let me know if during those three weeks , you would like me to work and for what dates you would need the most help so that we can arrange a schedule that would be most helpful to you and so that i can contact andrea at prostaff soon . please let me know if you have any concerns or questions about a possible work schedule for me . give my regards to everyone at the office and wishes for a very happy holiday season ! i look forward to seeing you soon . sincerely , van ngo ph : 713 - 630 - 8038 - attl . htm
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Subject: vp & director count for the research group hello deborah : i would like to introduce myself and anita dupont to you as we will probably be working together quite a bit between now and our move . please feel free to contact either one of us regarding any questions or needs you may have . headcount the executive , vp and director headcount for the research group is : managing director 1 vice presidents 6 directors 5 also , anita and i would like to invite you to meet with us and go over our library space requirements . please let me know when you have some free time and we will be available . my number is : 3 - 5290 - ebl 961 anita ' s # is : 3 - 0329 - ebl 969 i look forward to meeting you , shirley crenshaw administrative coordinator enron research group 3 - 5290
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Subject: metals cross correlations dear all , i have completed the cross - correlation study for the seven metals we have data for - will complete for gold , silver and cocoa . i have also attached the spreadsheet . correlations based on log - returns , 21 , 42 or 63 business days for either front month only or average of entire futures curve - please see data below or drill into spreadsheet . we can choose the most appropriate time - bucket and whether to use front month or " average of curve " data . regards , anjam x 35383 spreadsheet :
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Subject: performance management process as our existing businesses grow and new businesses are created , ease of movement and development of our top talent becomes essential to our success . as you heard at the management conference all officers will be titled , reviewed , promoted , and compensated according to a more standard set of guidelines . the process recognizes the intrinsic value of each officer , rather than tying that individual to the value of their specific job or reporting relationship . officer titling has been standardized throughout enron . there are four levels of officers : members of the enron office of the chairman make up level 4 . level 3 includes all other members of the enron executive committee . level 2 is made up of managing directors , including company presidents and some senior vice presidents . level 1 are vice presidents and some senior vice presidents with grandfathered titles . this year a common evaluation process is being implemented for level 1 and level 2 officers . officers will be evaluated by a committee , through a process referred to as the performance review committee ( prc ) , utilizing a standard set of performance criteria and performance ratings . performance committee reviews will occur twice a year  ) in july for feedback purposes and at year - end for feedback as well as bonus and total compensation considerations . the executive committee will handle the prc for all level 2 officers . review of level 1 officers will occur at the business - unit level first with the results  & cross calibrated  8 by the executive committee and a group of approximately sixteen managing directors . the goals of the prc process is to insure a consistent standard for our overall pool of executive talent and to provide a tool to more effectively utilize talent throughout the organization . to further promote consistency the executive committee will consider all promotions in january of each year . exceptions , internally or externally , will be infrequent . the individual  , s performance evaluation will be the starting point for all compensation decisions . compensation includes base pay , bonus and long - term awards . a long - term program that replaces individual or business unit plans has been approved and will be communicated to individuals before bonus payments are made . in addition to the level 1 and level 2 reviews , business unit , global and corporate cross - functional prc reviews for directors , senior directors and general managers have started . this year - end process will be utilized as a benchmark to determine how we further refine the evaluation process at this level in the future . if you should have any questions about the process , please direct them to your human resources business unit leads per the following : mary ann long ( gpg ) x 36810 david oxley ( ena / eel / global trading ) x 33557 ray bennett ( ees ) x 37039 robert jones ( global technology / global finance / global gwen petteway ( corp ) x 37351 asset operations / global engineering & construction ) x 35810 janie bonnard ( caribbean / middle east / scott gilchrist ( asia pacific / africa / china ) x 67081 lng ) x 68202 gerry chatham ( egep ) x 35141 miguel padron ( esa ) x 66552 marla barnard ( eci ) x 58158 ranen sengupta ( india ) x 67967 cc : enron executive committee members 28599
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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 24 , 2000 feedback due date : jun 16 , 2000 employee name : crenshaw , shirley j date suggested : jun 01 , 2000 feedback due date : jun 16 , 2000 employee name : gibner , peyton s date suggested : may 19 , 2000 feedback due date : jun 16 , 2000 employee name : kollaros , alexios date suggested : may 22 , 2000 feedback due date : jun 16 , 2000 employee name : krishnarao , pinnamaneni v date suggested : may 22 , 2000 feedback due date : jun 16 , 2000 employee name : shanbhogue , vasant
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Subject: ng prices margaret , please find attached texas and louisiana wellhead prices ( daily , monthly and quarterly ) . we had data available starting 1983 and the information source is natural gas intelligence . information on uk " beach " prices will be available for the following locations : teesside , bacton and st . fergus . would you like to have data on a specific one ? sincerely , elena elena chikina enron research group vince j kaminski @ ect 08 / 01 / 2000 07 : 52 am to : mike a roberts / hou / ect @ ect cc : elena chilkina / corp / enron @ enron , vince j kaminski / hou / ect @ ect subject : re : vince does your group have a monthly or a quarterly price history in nominal terms for a us onshore louisiana natural gas price ( or a texas wellhead price ) and a uk landed beach price for the past 15 years ? i am gathering historical data for jim o hara for our colombia pipeline in south america and these are among the series of data they are seeking . they would like the data from a published source in an electronic file if possible . . their timetable is by cob weds this week . thank you for your help . margaret mike do you agree with me ? please , ask elena to check what price info is available at xmim . vince margaret , the prices going back 15 years are not too informative ( for the first 5 years ) , as he industry was still regulated . we shall try to get you the us series as soon as possible . vince margaret carson @ enron 07 / 31 / 2000 04 : 12 pm to : vince j kaminski / hou / ect @ ect cc : kyran hanks / lon / ect @ ect subject : vince does your group have a monthly or a quarterly price history in nominal terms for a us onshore louisiana natural gas price ( or a texas wellhead price ) and a uk landed beach price for the past 15 years ? i am gathering historical data for jim o hara for our colombia pipeline in south america and these are among the series of data they are seeking . they would like the data from a published source in an electronic file if possible . . their timetable is by cob weds this week . thank you for your help . margaret
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Subject: power plant model jeff , a few comments on the model : 1 . we have a few reservations about some features of the model but would like to discuss it internally and make the improvements without giving the benefit of our insights to the consultant . in general , the model is not unreasonable but the devil is always in the details and in the inputs and calibration . the same model may produce drastically different results depending on the quality of inputs . 2 . we don ' t have a separate pool of programmers in the research group . we were told that you would provide an it resource . alex would supervise this person . vince
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Subject: 3 hours vacation vince : if it is all right i would like to take a couple hours vacation in the morning . my grandson starts " middle school " ( 6 th grade ) and he wants me to take him . i should be in by 10 : 00 am . thanks ! shirley
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Subject: re : trading ag prods . vince , just wanted to let you know that i have done some preliminary , high level , research into this commodity and would be glad to share it . please let me know if you would be interested in it . thank you . shalesh ganjoo vince j kaminski @ ect 05 / 01 / 01 10 : 20 am to : shalesh ganjoo / enron communications @ enron communications @ enron cc : elsa piekielniak / corp / enron @ enron subject : re : trading ag prods . shalesh , a good idea . i shall forward it to the ag traders . vince from : shalesh ganjoo @ enron communications on 05 / 01 / 2001 10 : 12 am to : nelson neale / na / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : trading ag prods . nelson , i know you are focusing on agricultural products for trading , so i just wanted to know if we are looking at wool . i know that it ' s traded in australia and new zealand , so we might be able to look into it as well . please let me know . thank you . shalesh ganjoo
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Subject: enron cover letter & resume for dave gershenson celeste , i am sending you the resume of david gershenson , an mba student from wharton . he is interested in a summer internship with enron and i shall be glad to take him . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 17 / 2001 01 : 34 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " chen , vincent " on 01 / 17 / 2001 02 : 35 : 00 am to : vince . j . kaminski @ enron . com cc : " gershenson , david " subject : enron cover letter & resume for dave gershenson vince , i am passing along a cover letter and resume for my classmate and friend , dave gershenson , who is very interested in working for enron this summer . he is working on reliant energy ' s tiger team this quarter . please let us know if you have any questions . thanks much and see you friday ! vincent vincent y chen mba candidate , class of 2002 the wharton school university of pennsylvania chenvinc @ wharton . upenn . edu > - - - - - original message - - - - - > from : gershenson , david > sent : tuesday , january 16 , 2001 6 : 24 am > to : chen , vincent > subject : enron cover letter & resume > > vincent , > > please find attached a cover letter and resume for the enron summer finance internship . as we discussed , i would appreciate it if you could pass these along to your tiger team contact , mr . kaminski . > > thanks , > dave > > > > > > > - enron letter . doc - dave gershenson . doc
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Subject: re : potential prospect tom , we are currently space constrained but we shall always take a qualified candidate . please , ask george to send me a resume and we shall get in touch with him to arrange a phone / on - location interview . vince tom arnold on 04 / 25 / 2001 09 : 15 : 09 am to : vince . j . kaminski @ enron . com cc : subject : potential prospect hey vince , given that the eastern finance conference is already taking place , i think it is safe to assume that they did not desire an energy derivative round table discussion . however , i appreciate you volunteering to potentially having been on such a round table discussion . i ' ve been teaching a " real options " course that has the students performing monte carlo analysis , black - scholes pricing , and binomial pricing along with a heavy dosage of understanding risk neutral pricing . a few of your new hires from the undergraduate program will be coming from this course . however , i have a student who will be finishing his mba next spring that is particularly good . he is genuinely interested and curious about option pricing , trading , and hedging with excel / vba skills . in fact , he usually figures out when i make even very small mistakes in my calculations . this is not to say that some of my other students aren ' t very talented themselves , but that this person really stands out . do you think you and / or enron would be interested in such a person ? if so , what do you recommend that he do to get his foot in the door ? his intention is to finish the mba , but i do not know if this would preclude you from hiring or at least taking a look at him now . his name is george moss and i ordinarily would not bother you directly about a potential employee . i am making an exception in this case because he is a particularly good talent without being the slightest bit arrogant . otherwise , i hope this e - mail finds you doing well and not travelling too much . tom professor tom arnold e . j . ourso college of business administration department of finance 2155 ceba louisiana state university baton rouge , la 70803 o : 225 - 388 - 6369 f : 225 - 388 - 6366
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Subject: re : congratulations thanks . congratulations to you . ray vince j kaminski 01 / 11 / 2000 09 : 49 am to : raymond bowen / hou / ect @ ect cc : subject : congratulations ray , congratulations . well deserved . vince
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Subject: re : credit trading brought to you by bryan seyfried ted , i ' m happy to sign off on the basis discussed with bryan at the end of last week and outlined in the attached memo . regards fernley from : ted murphy 08 / 02 / 2000 22 : 16 to : steve w young / lon / ect @ ect , fernley dyson / lon / ect @ ect , michael r brown / lon / ect @ ect , william s bradford / hou / ect @ ect , john sherriff / lon / ect @ ect , vince j kaminski / hou / ect @ ect cc : rick buy subject : credit trading brought to you by bryan seyfried my understanding is that bryan will be in houston to present his strategy regarding credit trading for approval under an interim trading policy - signed off by jeff and rick . before making any recommendation to jeff , rick wants to be sure that the people on the list above are comfortable with the activity and will be willing to signoff on the approval . given that bryan will be physically here , i am requesting that you e - mail your concurrence to me no later than tommorrow . otherwise rac will not present to jeff for approval . thank you for your help in puttting this together and making it a success ! ted
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Subject: subscribe this message has been automatically generated in response to your mckinseyquarterly . com registration . you requested notification about new articles in the categories listed below . to confirm your enrollment , please reply to this message and remove any / all characters that may preceed the word subscribe . subscribe economic - performance subscribe retail subscribe environment subscribe countries subscribe strategy subscribe interviews subscribe financial - institutions subscribe energy subscribe telecommunications subscribe corporate - finance subscribe electronic - commerce
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Subject: wti models stinson and vince , i finalized the presentation for john lavorato , he said he is ready to present it to greg . he is happy with the work we provided . i will be on vocation starting next week . i attached the simulation models here in case that you need them . the oc version deals with open - close trading and cc version deals with continuous trading . should you have any questions , or need to run different scenarios , please call me at home . otherwise , i will see you next year . merry chrismas and happy new year ! zimin
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Subject: new pc with two 128 mb of ram shirley , is this an upgrade for maureen ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 12 / 18 / 2000 03 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : felix buitron jr . / enron @ enronxgate on 12 / 18 / 2000 02 : 27 pm to : vince j kaminski / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : new pc with two 128 mb of ram vince , i have your new pc . i will get with you when i ' m done to schedule a delivery time . i will need your network and notes password to test your apps . thanks , felix
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Subject: re : telephone interview with the enron research group mr . yaralov : i want to apologize to you , i have had the flu and have been out of the office . would you be able to receive the call in the morning ( thursday , september 28 th ) at 8 : 30 am california time ( 10 : 30 am houston time ) ? we will call you at your home , 213 / 250 - 5424 . please let me know as soon as possible and i will arrange the interview . sincerest apologies ! shirley crenshaw " georgi yaralov " on 09 / 25 / 2000 06 : 51 : 45 pm to : cc : subject : re : telephone interview with the enron research group dear shirley crenshaw . unfortunately i did not get any response on my previous e - mail . i would like to find out if you want me to set up new time frames for the interview . please let me know . sincerely , georgi yaralov - - - - - original message - - - - - from : to : sent : wednesday , september 20 , 2000 8 : 50 am subject : telephone interview with the enron research group > good morning mr . yaralov : > > your resume was forwarded to vince kaminski and the research group > with enron . they would like to schedule a telephone interview with you > at your convenience to see if there might be a fit somewhere within our > group . > > please let me know several time frames that might be acceptable to you > for this interview . > > the interviewers would be : > > stinson gibner ( before monday the 25 th ) vice president > grant masson ( after monday the 25 th ) vice president > zimin lu director > tanya tamarchenko director > vasant shanbhogue vice president > > > regards , > > shirley crenshaw > administrative coordinator > enron research group > 713 - 853 - 5290 > email : shirley . crenshaw @ enron . com > > >
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Subject: re : letter larrissa , i spoke with joe pokalsky . he will be glad to help you . please , call him at the number 770 393 7411 . vince larrissa sharma 04 / 26 / 2000 08 : 20 am to : vince j kaminski / hou / ect @ ect cc : subject : re : letter vince , the letter was perfect . thanks for the trouble . my name however is spelt with a double " r " . = = > larrissa sharma . larrissa . vince j kaminski 04 / 25 / 2000 09 : 19 am to : larrissa sharma / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : letter larrissa , please , take a look at the letter . my assistant is on vacation , she will be back tomorrow . please , check the spelling of your first name . it was inconsistent in the original letter from the lawyer . vince
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Subject: risk magazine - enron sponsored issue on energy derivatives i have recently come on board as treasurer , enron india . prior to joining , i was with reliance industries , a petrochemical conglomerate in india . the central banking authorities are now thinking of permitting corporates to hedge their oil and other related risks . i believe the literature published by risk in collaboration with enron has come to be considered as an industry standard . would it be possible to arrange for two copies to be sent across to us . thanx n regards g . subramaniam treasurer , enron india pvt . ltd . 36 , maker chambers vi , nariman point , mumbai 400 021
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Subject: re : sorry see you at 11 : 30 in the hyatt lobby . vince j kaminski @ ect 04 / 05 / 2000 03 : 01 pm to : michael j popkin / enron _ development @ enron _ development cc : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : re : sorry monday 4 / 10 looks fine . vince michael j popkin @ enron _ development 04 / 05 / 2000 02 : 55 pm to : vince j kaminski / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : re : sorry vince , i am not totally clear from your note on your availability . are you free next monday ( 4 / 10 ) ? michael vince j kaminski @ ect 04 / 05 / 2000 02 : 45 pm to : michael j popkin / enron _ development @ enron _ development cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect subject : re : sorry michael , next week starting friday . outr on thu and fri . vince michael j popkin @ enron _ development 04 / 05 / 2000 12 : 54 pm to : vince j kaminski @ ect cc : subject : sorry vince , sorry about lunch yesterday . i hope you got the message in time that i was out sick . i ' d like to rescheduel . when are you free ? michael
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Subject: re : enron contact info christie , thanks again for taking the time to visit wharton and share about enron and our upcoming project . i know each of us is excited about the opportunity to learn and contribute to enron . specifically , thank you for the awesome dinner at the palladium . it was a great way to get to know you , visant , and vince better . i look forward to visiting houston in january . please let me know if you need any additional information with regard to the trip . have a great holiday season , and i look forward to seeing each of you in january . sincerely , jason cummins - - - - - original message - - - - - from : christie . patrick @ enron . com to : fap @ management . wharton . upenn . edu cc : clayton . degiacinto . wgo 2 @ wharton . upenn . edu ; mallikd @ wharton . upenn . edu ; dennis . feerick . wgo 2 @ wharton . upenn . edu ; edsono @ wharton . upenn . edu ; gustavop @ wharton . upenn . edu ; hethorne @ wharton . upenn . edu ; jack . rejtman . wgo 2 @ wharton . upenn . edu ; singhjai @ wharton . upenn . edu ; marc . cummins . wgo 2 @ wharton . upenn . edu ; levent 86 @ wharton . upenn . edu ; whitselk @ wharton . upenn . edu ; thomas @ wharton . upenn . edu ; camoglum @ wharton . upenn . edu ; nicholas . levitt . wgo 2 @ wharton . upenn . edu ; bassalo @ wharton . upenn . edu ; mhenahan @ wharton . upenn . edu ; mvittal @ wharton . upenn . edu ; stephen . lessar . wgo 2 @ wharton . upenn . edu ; bhallat @ wharton . upenn . edu ; vincent . chen . wgo 2 @ wharton . upenn . edu ; weigelt @ wharton . upenn . edu ; fap @ management . wharton . upenn . edu ; christie . patrick @ enron . com ; vkamins @ enron . com ; jeffrey . a . shankman @ enron . com sent : 12 / 7 / 2000 7 : 33 pm subject : re : enron contact info hi evryone ! vince , vasant and i are very excited about the tiger project ! we all thoroughly enjoyed the opportunity to meet with such an incredibly interesting , enthusiastic and intelligent group . thank you for your time ! for those interested in the houston trip on january 18 - 19 th , please let me know by the 15 th of december so that i can get the best deal on air fare ( one - month in advance ) . also , i ' ll be forwarding the enron information packages to donna piazze for your receipt next week . i am including jeff shankman in this reply , as jeff is a wharton grad , leader of one of our enron business units , and one of the most enthusiastic enron / wharton cheerleaders . please feel free to individually contact me if there is anything i can do for any of you . thanks again for your enthusiastic interest in enron ! - - christie .
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Subject: summary of dabhol lenders ' presentation vince / stinson , please find below a summary of the presenation given to lenders at the april 23 rd meeting in london . the key points that emerge are : phase ii will require commitments of about $ 700 mm to complete ( phase i + ii total $ 3 . 2 billion ) several commercial issues are getting severe in the current environment in india , could result in cost escalations makes the case that mseb does not have the financial strength to absorb phase ii power management to seek authority to serve preliminary termination notice ( ptn ) , triggering a 6 month cure period a copy of the full presenation is available . regards , sandeep .
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Subject: james aimone james aimone is a canditate for a summer position supporting the ena option pricing and valuation team . he will be at enron , friday april 28 from 2 : 30 to 4 : 00 . schedule of interviews : stinson gibner 2 : 30 - 2 : 45 zimin lu 2 : 45 - 3 : 00 paulo issler 3 : 00 - 3 : 15 elizabeth grant 3 : 30 - 4 : 00 thanks , stinson
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Subject: shalesh jim , clarification regarding shalesh ' transfer to ebs . the request to rotate shalesh out of research into ebs came from ravi thuraisingham . my understanding was that it was fully coordinated with you and i was more than happy to oblige . shalesh is concerned that his integrity is being questioned and i can assure you that he was not the instigator of the move . my impression is that shalesh is doing a very good job and ravi is very happy him . i shall be glad to keep him in the research group in his current role . have a good 4 th of july . vince
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Subject: schedules , maps , etc . gentlemen : attached is a schedule of activities as well as maps and driving instructions for those who are driving to campus friday morning . the dress for friday is casual ( no ties , sport shirts and jackets if you wish ) . for those of you who have asked about thursday night ' s dinner please note that we have pushed it up to 6 - 8 pm at ninfa ' s mexican restaurant . at this point i plan to pick up bennett s . and don c . from the marriott before 6 and will do the same for anyone else ( let me know ) . the restaurant is in easy walking distance of the hilton and marriott . please note the times for your individual interviews / video taping on friday . some of you are leaving early so we are taping you from 11 - 12 friday morning while others are being taped after the program is over . i ' m sure i ' ve forgotten something so you ' ll probably get more e - mails . however , this should take care of the primary stuff . i ' m really looking forward to seeing all of you and to hearing your thoughts in the workshops . more later , john - schedule _ map . 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
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Subject: re : weekly report vasant , yes , it ' s perfect . please , indicate that the wording was unfortunate . vince vasant shanbhogue 03 / 08 / 2001 11 : 20 am to : vince j kaminski / hou / ect @ ect cc : subject : re : weekly report hi vince , regarding david port ' s response to kevin kindall ' s email , i feel that i should respond , at least to make our position clear . please indicate if the following response is appropriate - - - - - - - " hi david , i understand that you were slightly upset over a comment kevin kindall made in one of his weekly reports . the intention was never to disparage anybody . it is just that since research gets data from a large number of sources , we feel obligated to the data donor to ask any requester for clarification of need . i completely understand that rac typically has access to much sensitive information and they have a right to know much information . we just want to make sure there is open flow of information ( it is in everybody ' s best interests and the company ' s best interests ) and that everybody is aware of how data is flowing . best wishes , vasant " - - - - - - - - - - - - - - - - - - - - - - forwarded by vasant shanbhogue / hou / ect on 03 / 08 / 2001 11 : 11 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : david port / enron @ enronxgate on 03 / 08 / 2001 08 : 46 am to : kevin kindall / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , rudi zipter / enron @ enronxgate subject : re : weekly report kevin - thanks for the update . on the stock option plans , if your angle is what i suspect , i suggest you get with rudi zipter , who has done a great deal of work on this exposure , including characterising and actually booking the short option positions in enron ' s equity system . we are already working with ben glisan ' s team firming up a hedging program . we are well advanced in this effort so if you get with my people it could save you a great deal of time . secondly , i am afraid i do take some exception to your references to naveen ' s team in your last point . generally in rac i don ' t believe we are obliged to explain why we need information , except as a courtesy - otherwise that would compromise our role somewhat . specifically , i am aware of the sensitivity of raptor , just as i am of the sensitivity of all the information my group is privvy to on a daily basis . again , we have done a good deal of work on these structures too ( i see a position report daily ) . as i have discussed with vince , naveen ' s request would have been derived from a discussion we all had with rick , concerning " meltdown " scenarios and their effect on , amongst other things , funding vehicles . but i would rather have had a conversation about this than see slightly disparaging remarks about my people in email traffic . rgds dp - - - - - original message - - - - - from : kindall , kevin sent : monday , march 05 , 2001 8 : 19 am to : kaminski , vince ; shanbhogue , vasant cc : port , david subject : weekly report >
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Subject: wharton entrepreneurship conference info . this looks like a great opportunity for us . jeff - - - - - - - - - - - - - - - - - - - - - - forwarded by jeffrey a shankman / hou / ect on 10 / 04 / 2000 05 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - kristin gandy @ enron 10 / 04 / 2000 02 : 14 pm to : jeffrey a shankman / hou / ect @ ect cc : subject : wharton entrepreneurship conference info . do you want to participate in this event ? kristin - - - - - - - - - - - - - - - - - - - - - - forwarded by kristin gandy / na / enron on 10 / 04 / 2000 02 : 08 am - - - - - - - - - - - - - - - - - - - - - - - - - - - cassandra santos on 09 / 29 / 2000 01 : 04 : 21 pm to : celeste . roberts @ enron . com cc : kristin . gandy @ enron . com subject : wharton entrepreneurship conference info . dear celeste and kristin : i am re - sending information regarding the wharton entrepreneurship conference and the opportunities to sponsor the conference as well as participate in the expo . we are expecting the conference to double in size with more than 1000 attendees . in addition , we would like to emphasize that the spirit of entrepreneurship is alive and well outside of the " dot . com " world including in large , innovative companies such as enron . we have already lined up some smash hit speakers including christy jones of trilogy and pcorder as well as anita roddick of the body shop . we would be very interested to have the participation of enron in the conferences as a sponsor or at the very least , a participant in our career expo . thank you very much for your time and consideration . sincerely , cassandra santos co - chair , wharton entrepreneurship conference 215 . 732 . 7940 h 215 . 498 . 3243 w - resend enron . doc - fundraising packet 2000 . doc
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Subject: re : digitals many thanks . gillian .
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Subject: re : power plant model hi vince : number one below is fine . . . the more accurate the ebitda model the better . your " tweaking " of the model at this point won ' t create any chinese wall problems . michelle and gary will talk about the programmer issue on monday , and get back to you . i apologize if there was any confusion . we ' re certainly grateful for alex ' s involvement . today is my last day of associate rotation within the financial trading group , and i start at ees on monday . i handed off the project as best i could , and of course will be available if you need me . my e - mail and phone number will be the same . have a nice weekend . jeff vince j kaminski @ ect 01 / 05 / 2001 03 : 26 pm to : jeff m gray / na / enron @ enron cc : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect , alex huang / corp / enron @ enron , gary hickerson / hou / ect @ ect , michelle d cisneros / hou / ect @ ect subject : power plant model jeff , a few comments on the model : 1 . we have a few reservations about some features of the model but would like to discuss it internally and make the improvements without giving the benefit of our insights to the consultant . in general , the model is not unreasonable but the devil is always in the details and in the inputs and calibration . the same model may produce drastically different results depending on the quality of inputs . 2 . we don ' t have a separate pool of programmers in the research group . we were told that you would provide an it resource . alex would supervise this person . vince
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Subject: re : congrats vince , thanks for the note - and congratulations on yours as well . i haven ' t had too much to do yet with the research guys here as they ' re pretty much self directed . once a week ( thursday am ) i ' ve started a joint project update meeting with structuring and research . i hope this way the structuring team can bounce quantitative issues off research and the research guys can stay closer to the commercial deals . - dale vince j kaminski 11 / 01 / 2000 16 : 08 to : dale surbey / lon / ect @ ect cc : subject : congrats dale , congratulations . well deserved . i am very happy your tremendous contribution to the company has been recognized . vince
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Subject: 1997 risk paper on pricing of electricity derivatives hello vince , my name is bernard murphy - i received your e - mail address from les clewlow , who was my phd supervisor at the financia options research centre at warwick business school . i ' ve just finished my phd on electricity price jump diffusions : a theoretical and empirical study in incomplete markets - hence my interest in electricity price modelling and derivative pricing . i was looking to get hold of a copy of your 1997 paper , which has recently come to my attention : " the challenge of pricing & risk - managing electricity derivatives " , the us power market , risk publications , pp . 149 - 171 . and les suggested that i contact you directly ( les is travelling at present and doesn ' t have an electronic copy available ) to request an e - copy . incidentally , i am lecturer in finance / financial mathematics at university of limerick ( ireland ) and have taken a year out to work for caminus uk , where i am working on introducing and developing a markets - based approach ( spark - spread ) to real asset valuations in the uk power industry . thanks in advancve bernard murphy
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Subject: news review update the news review site , http : / / www . news - review . co . uk home of weekend city press review , now offers registered users two new features : all registered users can now : - do a text search in addition to a company search on the full six - year archive - and set up favourite companies on their home page for easier and faster access to articles within the review and the archive which relate to those companies the best way to keep abreast of the weekend ' s financial news and views is to receive an email copy of weekend city press review , either via the full review , or the clippings relating to specific companies in which you are interested . registered users are invited to take up the free offer of a 4 week subscription to any of the services , including pdf delivery of the review , and the clippings service . to login please use this url : ype = login you can download this weekend ' s full review free of charge at http : / / www . news - review . co . uk / freepdf . pdf from 8 pm uk time this sunday your username for this service is vkaminski if you have forgotton your password you can retrieve it at to remove yourself from this service please login and use the ' my profile ' option . our ref wcprvl : vkaminski
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Subject: year end 2000 performance feedback note : you will receive this message each time you are selected as a reviewer . you have been selected to participate in the year end 2000 performance management process by providing meaningful feedback on specific employee ( s ) . your feedback plays an important role in the process , and your participation is critical to the success of enron ' s performance management goals . to complete requests for feedback , access pep at http : / / pep . corp . enron . com and select perform review under performance review services . you may begin providing feedback immediately and are requested to have all feedback forms completed by friday , november 17 , 2000 . if you have any questions regarding pep or your responsibility in the process , please contact the pep help desk at : houston : 1 . 713 . 853 . 4777 , option 4 london : 44 . 207 . 783 . 4040 , option 4 email : perfmgmt @ enron . com thank you for your participation in this important process . the following is a cumulative list of employee feedback requests with a status of " open . " once you have submitted or declined an employee ' s request for feedback , their name will no longer appear on this list . review group : enron feedback due date : nov 17 , 2000 employee name supervisor name date selected - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - andrews , naveen c rudi c zipter oct 31 , 2000 baxter , ashley david davies nov 02 , 2000 carson , richard l richard b buy oct 30 , 2000 crenshaw , shirley j wincenty j kaminski oct 26 , 2000 kindall , kevin vasant shanbhogue oct 30 , 2000 lamas vieira pinto , rodrigo david port oct 31 , 2000 supatgiat , chonawee peyton s gibner oct 27 , 2000 tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 villarreal , norma e sheila h walton oct 26 , 2000 walton , sheila h david oxley oct 27 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 yuan , ding richard l carson oct 31 , 2000
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