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Subject: the latest ( last ? ) . . sorry . . . i found something else : p . 1 , footnote : the newspaper is the " houston chronicle " ( purchased the ' post ' several years ago ) . . : - ) - - - - - forwarded by christie patrick / hou / ect on 02 / 07 / 2001 05 : 34 pm - - - - - christie patrick 02 / 07 / 2001 05 : 27 pm to : mark palmer / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect , j _ martin @ baylor . edu subject : the latest ( last ? ) . . as columbo would say . . " . . just one more thing " p . 20 last bullet : enron focusing on recruiting and retaining talent thanks again ! christie . - - - - - forwarded by christie patrick / hou / ect on 02 / 07 / 2001 05 : 24 pm - - - - - christie patrick 02 / 07 / 2001 05 : 23 pm to : mark palmer / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect , j _ martin @ baylor . edu subject : the latest ( last ? ) mark ! please review the attached article and forward your comments / authorization for its use to john martin at baylor , copying me and vince . john and vince , i have a few simple comments : 1 . please use " enron corp . " [ rather than " enron corporation " ] 2 . page 3 : as of yesterday , fortune magazine named enron " most innovative " for the sixth year in a row 3 . page 5 : 2 nd paragraph : regarding the " gas bank " concept - - i believe when jeff first introduced it , it fell flat . i think john pick ' s that up ( and enron ' s subsequent recovery of a version of the concept on p . 6 ) , but it ' s probably accurate to mention that at first , it didn ' t go over . 4 . page 13 : re : cindy olson ' s comment on a possible 5 x difference between a " satisfactory " and " superior " vp - - the difference referred to is probably the " bonus " rather than " compensation " ( which , to me , is generally means base salary ) ; also , it varies for each review period , as comparative performance might vary ; further , we might want to run that quote by cindy just to make sure she ' s ok with it ' s publication ( she might have no problem with it whatsoever , but i know for other articles , she ' s been more reluctant to provide that kind of statistic ) . 5 . page 17 ( after annual report quote ) : i suggest changing " enron ' s wholesale business . . . provides " to " . . . businesses . . provide " ; also , rather than " enron wholesale " we might want to define this by the term enron uses : " enron wholesale services " 6 . page 18 : 2 nd paragraph : the tense switching from past to present is technically correct if read carefully , but seems awkward when reading it 7 . page 19 : effective february , jeff skilling is " ceo " . . . . that ' s my 2 - cents worth ! ! i think the article is great . . . even interesting ( ha ! ) . . . even to non - mba ' s like me ! ! thanks ! - - christie . - - - - - forwarded by christie patrick / hou / ect on 02 / 07 / 2001 04 : 41 pm - - - - - vince j kaminski 02 / 02 / 2001 08 : 45 am to : mark s palmer / na / enron @ enron cc : vince j kaminski / hou / ect @ ect , christie patrick / hou / ect @ ect subject : the latest ( last ? ) mark , i am sending you the final ( ? ) draft of the paper by john martin on enron ' s transformation . john martin is a prof from baylor who visited us a few weeks ago . can you take a look at the paper and bless it . i haven ' t read this last version of the paper yet and i will go through it on weekend . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 02 / 2001 08 : 44 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " john d . martin " on 02 / 01 / 2001 04 : 15 : 36 pm to : vkamins @ enron . com cc : subject : the latest ( last ? ) vince , attached is my latest attempt to wrap everything together . our timetable is very short as we need an " approved by enron " version of the paper to don by next wednesday . don has already made editorial changes for us and may make some additional " writing style " changes but he doesn ' t change the content . i ' ll give you a call later today to alert you to the e - mail . take care , john p . s . i had a nice conversation with steve . sounds like he ' s landed a pretty good contract with wiley . - enron _ paper _ 2 _ 1 _ 01 . doc john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html | 0 |
Subject: re : telephone interview with the houston research group dear dr . kaminski i am sorry i missed your phone call today . i was waiting for your call until 7 : 50 am ( australia time ) this morning . my mother - in - law told me you ringed me at 8 : 05 . i guess we made a mistake at the time difference . i promise i won ' t leave home tomorrow until i receive your call . your faithfully quentin - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - quentin kerr , email : qkerr @ maths . uq . edu . au room : 67 - 625 tel : ( 07 ) 33461428 department of mathematics , the university of queensland - - - - - original message - - - - - from : to : cc : ; ; sent : tuesday , 15 august 2000 2 : 09 subject : re : telephone interview with the houston research group > > hi quentin : > > i have scheduled the interview for 7 : 00 am , thursday , august 17 ( your time > 5 : 00 pm wednesday , august 16 , our time ) . they will call you at your home , > 011 - 61 - 7 - 38798780 . > > regards , > > shirley crenshaw > > > > | 0 |
Subject: re : from today ' s paper clayton , it translates into a credit risk for those on the other side of the hedge . many producers have a long history of poor timing of hedges . i could give you quite a long list . they definitely need a bright adviser who will tell them the price of gas two years from now . vince clayton vernon @ enron 06 / 29 / 2000 01 : 02 am to : vince j kaminski / hou / ect @ ect cc : subject : from today ' s paper vince : here ' s an amazing factoid in today ' s paper related to the issue of how much money you can " make " ( sic ) by hedging : . . . other companies analysts say are saddled with hedges include el paso energy corp . and coastal corp . , which are merging . a coastal official declined to comment on the company ' s forward positions . although el paso is known for its pipeline business , it produces gas as result of its $ 6 . 2 billion acquisition last year of sonat . " more than 90 percent " of that gas is hedged through the rest of the year , said bruce connery , vice president of investor relations . the forward contracts are for $ 2 . 40 , he said . hedging in the current market plays to the company ' s primary aim of meeting investors ' expectations , connery said . " our first goal is to deliver the earnings goal that we set out , and that dictates that we hedge out commodity volatility , " he said . . . . $ 2 . 40 ? ? ? are you kidding ? ? ? ? clayton | 0 |
Subject: re : current var issues here are the current issues related to var and credit models : 1 . factor loadings ( fl ) for all " primary " commodities : - the code is tested ; - factors loadings have been calculated for every primary curve and examined closely by research ; - using different number of maturities for fl calculations ( it ) ; - selecting " good " curves , setting mappings for the others ( rac ) ; 2 . reviewing power var model : - implementing term structure of correlations ( preliminary research is in progress by research , to be implemented by it ) ; - implementing caps in var model ( it ) ; - jumps for intramonth prices ( re - examine prices behavior , research ) ; 3 . historical ff vols ( research , rac ) ; 4 . interest rate and fx : - preliminary research is completed ( research ) ; - implementation in risktrack ( it ) ; 5 . credit model : - resolving the problem of identical runs giving different results ( it with research ' s help ) ; 6 . mg metals var model : - merging with risktrack ( rac , it , research ) ; - refining the model ( research ) ; 7 . var calculations for uk curves : - merging with risktrack , elimination spreadsheets ( rac , it , research ) ; - looking closely at var calculations for each commodity ; 8 . merchant portfolio var : - unification with equity var model ; 9 . fat tails modeling ( research ) ; let me know what i missed . thank you , tanya . | 0 |
Subject: presentation to dave delainey good morning : vince ' s direct reports will give a presentation to dave delainey , monday , april 24 th at 3 : 00 pm in conference room eb 3321 . this presentation will be an update of the one that was given to greg whalley . if you have any questions , please call me . thanks ! shirley 3 - 5290 | 0 |
Subject: a message from ken lay and jeff skilling with deep regret we announce that joe sutton , vice chairman of enron , has decided to leave the company . joe has indicated his desire to pursue other opportunities in the energy asset development and operations business . joe has been instrumental in making enron a global company . we will miss his energy and enthusiasm . we wish joe the very best as he pursues new endeavors . ken and jeff | 0 |
Subject: order confirmation thank you for your order . instructions regarding any electronic product purchases and a full order summary are listed below , beginning after the special announcement . special announcement introducing hbr onpoint , an indispensible new resource from " harvard business review " that makes it faster and easier to put important management thinking to work . hbr onpoint gives you : * a quick overview of critical management concepts * different experts ' views on a given topic * the context critical for sharing and applying the knowledge you ' ve acquired to learn more and pick up a free article overview , visit our web site : below you will find your order information . if you have any questions concerning this order , please e - mail us at orderreceipt @ hbsp . harvard . edu ( or just reply to this message ) . for technical inquiries , email us at techhelp @ hbsp . harvard . edu your order reads as follows : - - - - - - - - - - - - - - - - - - - - - - - - - - - - customer ' s web id : 431620 sold - to no : 148820 sold to information : first name : wincenty last name : kaminski institution / company name : enron corp job title : managing director mail stop / dept . : ebl 962 address : 1400 smith address : city : houston state : tx zip / postal code : 77002 country : united states email address : vkamins @ enron . com phone number : 713 853 3848 fax number : 713 646 2503 attn : name of person who placed order : wincenty kaminski - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - billing information : first name : wincenty last name : kaminski institution / company name : enron corp job title : managing director mail stop / dept . : ebl 962 address : 1400 smith address : city : houston state : tx zip / postal code : 77002 country : united states email address : vkamins @ enron . com phone number : 713 853 3848 fax number : 713 646 2503 attn : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - shipping information : first name : wincenty last name : kaminski institution / company name : enron corp job title : managing director mail stop / dept . : ebl 962 address : 1400 smith address : city : houston state : tx zip / postal code : 77002 country : united states email address : vkamins @ enron . com phone number : 713 853 3848 fax number : 713 646 2503 attn : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - order prod . # product title quantity price total 297055 copper and zinc mark . . . 1 $ 6 . 50 $ 6 . 50 293053 sally jameson : valui . . . 1 $ 6 . 50 $ 6 . 50 sub - total : $ 13 . 00 surcharge : $ 0 . 00 shipping and handling : $ 4 . 00 gst : $ 0 . 00 tax : $ 0 . 00 grand total : $ 17 . 00 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - total due : $ 0 . 00 ( pre - paid by visa ) shipping method : standard delivery u . s . , 48 states * please note that there is applicable sales tax in ca , ct , il , ma , md , and tn for the products you have ordered . if you are ordering from one of these states , the amount shown on your invoice and / or credit card statement will be slightly higher than the total listed above , to reflect the applied sales tax . * mailing lists are a great way to keep up with what ' s going on at the harvard business publishing web site . right now , we offer 3 alerts : management alert , strategy alert , or hr / training alert . each of these e - mail newsletters regularly combines a specially selected excerpt with announcements of new and bestselling products from our extensive catalog . you can also find out what ' s coming up in both harvard business review and harvard management update newsletter . to subscribe to one or more of these free services , follow the link below . and thank you for ordering from harvard business school publishing , the power of ideas at work . | 0 |
Subject: re : tage resume submittal vince , thanks for forwarding the resume . we have generally had great success with ex - koch people . he sounds might like he may be a good fit for michael l . miller in principal investments . at this point i have very recently inherited two other stron vps from ei and therefore will probably focus on a few manager and associates for the near term but i would like to keep james ' resume for further opportunities . he sounds like someone we should at least meet with and figure out a spot within wholesale services . what do you think ? regards , - larry - | 0 |
Subject: re : visit vince , > please , give me a call when you land on my regular and cell phone . > i shall proceed to the restaurant ( about 10 minutes from the office ) . > please , keep the copies of all the receipts . 10 - 4 . see you approx . 7 p . m . this evening . ehud ehud i . ronn department of finance mccombs school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu | 0 |
Subject: re : energy derivatives hi vince , hope all is well with you . i ' m looking forward to seeing you again next week and meeting with grant . can you guys do me favour ? i ' m sending out some sample chapters to the people who responded positively ( all of them ! ) to my request for some feedback on the book . chapter 1 has an ' overview ' of the book with just a couple of sentences on each chapter . could you please write a sentence or two for your chapter ? i ' m including what i have already written so that you can see the style . many thanks and best regards . chris . 2 overview of this book this book aims to provide an in - depth understanding of the pricing and risk management of energy derivatives . in the remainder of this chapter we give an overview of the fundamental principals needed to model and price energy assets , and which underlie the rest of the book . as well as introducing the techniques that underlie the black - scholes modelling framework we discuss the numerical techniques of trinomial trees and monte carlo simulation for derivative pricing which are used extensively later in the book . in chapter 2 we analyse spot energy prices . apart from describing empirical prices we propose a number of processes that can be used to model the prices . we look at the well - know process of gbm as well as mean reversion , stochastic volatility and jump processes , discussing each , and showing how they can be simulated and their parameters estimated . chapter 3 , written by vince kaminski and grant masson of enron capital and trade . chapter 4 examines forward curves in the energy markets . although such curves are well understood and straight forward in the world debt markets the difficulty of storage in many energy markets leads to less well defined curves . what we do in this chapter chapter 5 presents an overview of the common and not - so - common derivative structures in the energy markets and discusses their uses . examples of products analysed in this chapter include a variety of swaps , caps , floors and collars , as well as energy swaptions , compound options , asian ( or average rate ) options , barriers , lookbacks , and ladder options . chapter 6 investigates single and multi - factor models of the energy spot price and the pricing of some standard energy derivatives . closed form solutions for forward prices , forward volatilities , and european option prices are derived and presented for all the models in this chapter including a three factor stochastic convenience yield and interest rate model with jumps . chapter 7 shows how the prices of path dependent and american style options can be evaluated for the models in chapter 6 . simulation schemes are developed for the evaluation of european style options and applied to a variety of path dependent options . in order to price options which incorporate early exercise opportunities , a trinomial tree scheme is developed . this tree is built to be consistent with the observed forward curve and can be used to price exotic as well as standard american style options . chapter 8 develops a new methodology for valuing energy options based on modelling the market observed forward curve . the approach results in a multi - factor model that is able to capture realistically the evolution of a wide range of energy forward curves and where the user defined volatility structures can be of an extremely general form . closed - form solutions are developed for pricing standard european options and efficient monte carlo schemes for exotic options . the chapter finishes with a discussion of the valuation of american style options . chapter 9 focuses on the risk management of energy derivative positions . in this chapter we discuss the management of price risk for institutions that sell options or other derivatives to a client and who is then faced with the problem of managing the risk through time . we begin with delta hedging a portfolio containing derivatives and look at extensions to gamma hedging - using the models from chapters 5 and 7 . the general model of chapter 7 ideally suited to multi - factor hedging and this is also discussed . chapter 10 looks at the key risk - management concept of value at risk applied to portfolios containing energy derivative portfolios . after discussing the concept of the measure , we look at how the key inputs ( volatilities , covariances , correlations , etc ) can be estimated . we then compare the fours major methodologies for computing var ; delta , delta - gamma , historical simulation and monte - carlo simulation . finally , we look at testing the var estimates for various underlying energy market variables . finally , we finish with credit risk in energy markets in chapter 11 . | 0 |
Subject: interview - jaesoo lew 10 / 25 / 00 attached please find the resume , interview schedule , and evaluation form for jaesoo lew . jaesoo will be interviewing with vince kaminski ' s group on an exploratory basis on october 25 , 2000 . please contact me with any comments or concerns . thank you , cheryl arguijo ena recruiting 713 - 345 - 4016 | 0 |
Subject: re : re : conference volume hi vince , i am resending you this request by dr . jacque for a paper . they are expecting something by jan 22 . should we sit down and decide on what to put in a short paper ( i think their limit was 30 pages , but that is impossible - - i think a few pages should suffice ) . regards , and happy new year , vasant - - - - - - - - - - - - - - - - - - - - - - forwarded by vasant shanbhogue / hou / ect on 01 / 06 / 2000 08 : 31 am - - - - - - - - - - - - - - - - - - - - - - - - - - - laurent jacque on 12 / 13 / 99 03 : 29 : 26 pm please respond to ljacque @ infonet . tufts . edu to : vasant shanbhogue / hou / ect @ ect cc : subject : re : re : conference volume dear dr . shanboghe : i certainly understand that it would be difficult for you to contribute a chapter . i thought of an alternative : would dr . kaminski be willing to allow us to reprint his article ( in an abridged form ) on " energy exotic options " published in his excellent book " managing energy price risk " as i would really like to have a contribution from enron on energy derivatives . would you be willing to talk to dr . kaminski about my proposal ? in any event i appreciate your interest in the conference and i only regret that hurricane floyd prevented us from meeting in person . with very best wishes in the new year / millenium laurent jacque _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ laurent l . jacque professor international finance & banking director international business studies program the fletcher school of law and diplomacy tufts university medford , ma 02155 ( 617 ) 627 - 5982 tel ( 617 ) 627 - 3712 fax ljacque @ infonet . tufts . edu | 0 |
Subject: interview with the enron research group good morning mr . giancola : your resume was forwarded to vince kaminski , managing director and head of research with enron . we would like to bring you in for an informal interview at your convenience . this would be for a position of " economist " or " associate economist " , reporting to maureen raymond castaneda . please give me some dates and times that would be convenient with you and i will have our hr rep contact you to schedule your coming to houston . i look forward to hearing from you . sincerely , shirley crenshaw administrative coordinator enron research group 713 - 853 - 5290 | 0 |
Subject: strategic management society conference our proposal was accepted . dust off your san francisco shoes . rita mcgrath - the designer of our particular panel - will forward details when they are sent to her by sms | 0 |
Subject: e - commerce conference at berkeley , may 22 any interest in this conference ? vince | 0 |
Subject: additional attachments vince : i forgot to attach the final slam report , the file of the white paper , the white paper calculations . the final slam report discusses the availability of service level agreement monitoring , and nms generally that meet ebs ' s needs . i am convinced that at a minimum ebs would gain the foundation of a great nms that will be critical to the success of ebs , and that ebs could actually gain the distributed machine tool that could be the foundation of the internet of the 21 st century . i hope we get the chance to prove this . let me know if i can be of further assistance . mak - final s l a m report september 1999 . zip | 0 |
Subject: contract for henwood engagement sandeep , bonnie nelson , who has drafted the attached contract for the henwood engagement , feels that we should make every attempt to put a written agreement in place immediately . otherwise , we may be in violation of enron policy regarding contract work . can you review the document prior to coming back to houston , so that it can be sent to henwood ? - - stinson - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 01 / 19 / 2001 04 : 10 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - bonnie nelson @ enron _ development 01 / 19 / 2001 11 : 54 am to : stinson gibner / hou / ect @ ect , bruce lundstrom / enron _ development @ enron _ development , lauren cc : vince j kaminski / hou / ect @ ect , sandeep subject : re : ca for henwood engagement stinson , please find attached a revised version of the draft consulting agreement with henwood . fyi , i am attaching both a clean version and one marked toshow changes from the last draft i sent you . please let me know if you have any questions or comments on the agreement or the most recent changes . what is the status of henwood ? do you still want to engage them and what is the timeframe for their work ( the dates in the draft may need to be corrected ) . bruce and lauren : please advise on which enron entity should be the party to this consulting agreement . thanks , bonnie | 0 |
Subject: reviewer approval please note that your employees have suggested the following people to complete a feedback form on their behalf . you will need to access the performance management system ( pep ) to either approve or decline these suggested reviewers . once you have approved the suggested reviewers they will be notified and can begin completing the feedback form . your list of employees that have suggested reviewers are listed below : date suggested : may 19 , 2000 feedback due date : jun 16 , 2000 employee name : kollaros , alexios 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 | 0 |
Subject: rice cfos conference christie , this is one of the communications regarding rice cfos conference . andy requires some gentle persuasion . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 10 / 2001 08 : 20 am - - - - - - - - - - - - - - - - - - - - - - - - - - - david ikenberry on 04 / 09 / 2001 01 : 27 : 24 pm to : vince . j . kaminski @ enron . com cc : subject : hi vince , i may have missed something , however don ' t believe i have received any communication recently from andy festow about this upcoming may 4 - 5 corp . fin . conference . i hope he is still planning to come , yet i don ' t know as of now . i have andy penciled in as a participant on a " panel " that is discussing equity dilution from stock option compensation ( the role of panelist should require little , if any , preparation time ) . of course , i want andy to come , however he is concerned about his ability to attend , i probably should identify another person or two to serve on the panel . dave . * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * prof . david ikenberry jones graduate school of management rice university 713 - 348 - 5385 | 0 |
Subject: the garp 2001 convention dear garp 2001 speaker ? just a gentle reminder that the information i requested for your presentation at the garp 2001 convention , was due in today . can i please have this information by friday 8 th september so that i will have adequate time to include all the details in the brochure , which is due to go to press very shortly . the information that i require as soon as possible is as follows : 1 . confirmation of professional details ( including the speaker ' s name , job title , and organisation ) 2 . confirmation that the topic title is accurate and to your liking 3 . bullet points for your presentation ( up to 5 to 6 bullet points - please as technical and detailed as possible ) 4 . contact details ( including telephone numbers , fax no , colleague / pa , full address ) ? if you have any questions please do not hesitate to contact me , otherwise i look forward to receiving the above information by friday 8 th september . ? kind regards ? andreas _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ andreas simou garp 2001 - conference producer tel ? + 44 ( 0 ) 20 7626 9301 fax + 44 ( 0 ) 20 7626 9900 | 0 |
Subject: re : cairn gas purchase bid vince - - shades of cuiba - - - - - - - - - - - - - - - - - - - - - - forwarded by doug leach / hou / ect on 08 / 15 / 2000 07 : 53 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : doug leach on 08 / 15 / 2000 07 : 52 am to : douglas s parsons / enron _ development @ enron _ development cc : marc de la roche / hou / ect @ ect , bobby subject : re : cairn gas purchase bid you spoke to me once and i gave you my opinions which were contrary to your resultant offer to cairn . currently , i have better things to do with my time . douglas s parsons @ enron _ development 08 / 15 / 2000 12 : 10 am to : doug leach / hou / ect @ ect cc : marc de la roche / hou / ect @ ect , bobby subject : re : cairn gas purchase bid i talked to vince after we hung up and his only suggestion was to call sandeep kohli . i spoke with marc and yourself four times on this matter over a 3 day period and given the timing , i put forth a non - binding offer , after discussing it further with bobby , based on the information i had that appears to position us close to our competitors offers . we haven ' t committed ourselves and should we be selected for negotiations there are numerous variables to affect the outcome . if you ' ve got any suggestions for a better deal , please advise . doug leach @ ect 08 / 14 / 2000 07 : 45 am to : douglas s parsons / enron _ development @ enron _ development cc : marc de la roche / hou / ect @ ect , bobby subject : re : cairn gas purchase bid i strongly disagree with the pricing and structure of your non - binding offer to cairn . this reminds me of the debacle in brazil . you should have contacted vince kaminski ' s research group as we talked about before an offer was made . this is a bad deal . douglas s parsons @ enron _ development 08 / 12 / 2000 01 : 51 am to : doug leach @ ect , marc de la roche @ ect cc : subject : cairn gas purchase bid doug & marc , fyi , please let me know if you think we ' re totally off base . i appreciate your help . regards , doug - - - - - - - - - - - - - - - - - - - - - - forwarded by douglas s parsons / enron _ development on 08 / 12 / 2000 01 : 48 am - - - - - - - - - - - - - - - - - - - - - - - - - - - douglas s parsons 08 / 11 / 2000 06 : 24 am to : bobby farris / enron _ development @ enron _ development cc : f b virani / enron _ development @ enron _ development , ujjwal dey / enron _ development @ enron _ development , nilesh subject : cairn gas purchase bid bobby , after meeting with cairn today in delhi , my perception is that our offer was received well . they were more open and relaxed then they were on wed . morning and made several encouraging comments about our price range , ( once we talked through the price movements ) , and the seriousness of our gas related activities on the west coast of india , in light of the ioc agreement . i think the overall package is attractive to them and no serious objections were raised . we did talk to some extent about the guarantees , but we didn ' t get too far and they ' re willing to accept at this point that what ' s acceptable to the lng suppliers , should be suitable for their needs . however , they would like to understand the corporate structure and assets of enron energy marketing a little better and i told them i would get back to them on that point . david and ajay were up in hazira yesterday looking at some property for their gas treatment facility , which apparently is across the road from pipeline access . while there they went and looked at shell ' s proposed lng site after walking the last 1 km , inaccessible to their 4 wd vehicle and not surprisingly found a beach . in summary , here is what we offered on a non - binding basis : six year production plateau 85 % top $ 3 . 67 / mmbtu net , at a base of $ 18 / bbl brent , with point of sale at the tail - end of the gas processing plant floor & cap of $ 15 . 50 - $ 27 . 00 / bbl price movement : + / - $ 1 . 00 / bbl from the $ 18 / bbl base price ( on a 3 mo . rolling average ) equals + / - $ 0 . 145 / mmbtu fixed on a quarterly basis guarantees : same protection we ' re providing the lng suppliers under the trust retention account i appreciate everyone ' s help in submitting this offer . thanks , doug | 0 |
Subject: re : job posting hi vince , this posting is for my group . thanks for the referral . - - - - - original message - - - - - from : kaminski , vince sent : tuesday , april 24 , 2001 5 : 31 pm to : goodpasture , john ; watson , kimberly ; ferrell , lee ; kaminski , vince cc : krishnarao , pinnamaneni subject : job posting i am teaching a class at rice and one of my very bright students sent her resume in response to this posting . do you know who posted this job ? vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 24 / 2001 05 : 27 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " helen demianenko " on 04 / 24 / 2001 02 : 11 : 05 pm please respond to to : cc : subject : job posting dear vince , thanks for talking to me this morning about the sr . risk analyst position . here is where you can find the job description for that position : also , i have cut and pasted it down below , just in case . i appreciate your assistance in this matter and will start working on my cover letter right away . i would also like to talk to somebody to get a better feel for the position ( is this really an mba level position and how much of the in - depth learning opportunities for the derivatives market does it entail ? ) sincerely , helen demianenko p . s . i have attached my resume ( one more time ) . sr risk analyst essential functions : primary accountability for managing the ets risk book structure and processes from a pipeline ( front office ) perspective . work within current nng and tw marketing organizations to effectively integrate risk books into daily marketing and structured product activities . provide feedback to management regarding overall and specific risk positions . provide support for consistent and accurate deals entry / reporting for stand alone risk management system . create ad - hoc reports to assist management in risk analysis . responsible for managing and providing enhancements to the capacity books : ? maintain functionality and provide leadership for new functionality from a users perspective . provide support and direction for integration of capacity books and revenue management project . support revenue management team essential requirements : ba / bs in finance or accounting ( mba preferred ) . minimum of two years financial instruments experience . excellent quantitative / analytic and systems skills . knowledge of commodity risk book concepts . understanding of physical natural gas market , interstate transportation and financial derivatives . ability to interface with structuring / marketing groups in order to define business requirements . ability to provide leadership for business and system processes . excellent communication skills with an ability to communicate across organization with varied skill sets and ideas . must be self - motivated with a high level of energy preferred skills : na . special characteristics : this job functions in a team - oriented , fast - paced environment with multiple concurrent assignments and constantly changing priorities . contact : responses will be accepted through may 3 , 2001 . respond to enron corp . , human resources 235 , p o box 3330 , omaha , ne 68103 - 0330 or e - mail : dea . crum @ enron . com as a . doc or . txt attachment . please include this requisition number . job id 0000108729 department risk management & reporti company enron transportation services enron transportation services location houston , tx type posting date 19 - apr - 01 - helen _ d _ resume . doc > | 0 |
Subject: re : running credit model tanya , although i ' m quite comfortable with providing support for running the model , and assisting in providing the tools to enable easier analysis of the results , i ' m not entirely comfortable with supporting a java debug environment within your team ( including ad - hoc training ) , when we have facilities within the it development team to do it here . i ' d like to meet with you to discuss this , as this seems to be an ongoing issue , and would like to understand the ground rules by which your team operates in conjunction with it in general . regards steve tanya tamarchenko 23 / 06 / 2000 15 : 48 to : stephen stock / hou / ect @ ect cc : grant masson / hou / ect @ ect , vince j kaminski / hou / ect @ ect , debbie r brackett / hou / ect @ ect subject : re : running credit model steve , in order to be able to test the new credit model as well as to answer credit group ' s questions regarding the outputs from this model research needs to be able to do the following : 1 . run credit model independently of the other runs . it is quite ok for now to be able to run it just for small artificial portfolios . 2 . debug the code to see what actual values are used during the run time . please , let me know if your team can help us . tanya . | 0 |
Subject: [ fwd : new commodity marketplace opportunity ] mark : per our brief conversation this morning , the attached email was sent to you yesterday . i hope that you might understand that i am conceptually looking for " founders " and at the " pre " business plan stage . there is an enormous problem existing with a very attractive economic reward and willing participants needing this solution . i need help . al arfsten 713 965 2158 content - transfer - encoding : 7 bit x - mozilla - status 2 : 00000000 message - id : date : wed , 24 jan 2001 15 : 49 : 37 - 0600 from : al arfsten organization : bfl associates , ltd . x - mailer : mozilla 4 . 7 [ en ] c - cck - mcd nscpcd 47 ( win 98 ; i ) x - accept - language : en mime - version : 1 . 0 to : mark . lay @ enron . com subject : new commodity marketplace opportunity content - type : text / plain ; charset = us - ascii mark lay : i shared confidentially with vince kaminski my developing concept of a highly inefficient not - for - profit enterprise with dramatically increasing costs . i believe that a for - profit economic model is possible that should reverse these skyrocketing costs and ultimately lower the commodity thereby having a national , if not , global impact of health care costs . vince seems to also believe in the concepts potential . the ceo of one of the biggest u . s . blood banks has already asked to become involved . i would like involve more people with vision , means and desire to help make this a reality . i would look forward to meeting with you to talk further . al arfsten 713 965 2158 | 0 |
Subject: fw : stanford or - summer intern stinson , should we get him as well ? it seems he has the right skills . we might have maxed out on the number of summer interns through the a / a program . we would have to hire him directly . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 29 / 2000 08 : 20 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " shikhar ranjan " on 02 / 28 / 2000 02 : 31 : 39 pm to : ravi _ thuraisingham @ enron . net cc : vince j kaminski / hou / ect @ ect subject : fw : stanford or - summer intern hi ravi : i had sent an email about a week back with my resume for the summer internship . i think the address i sent it to was not correct , so i am resending it . i will also tell the others in the group to send there resumes to you . thanks . regards , shikhar - - - - - - - - - - - - - - - - - - - - - - - - shikhar ranjan phd student management science & engineering stanford university ca ( 650 ) 497 5762 - - - - - original message - - - - - from : shikhar ranjan to : cc : sent : sunday , february 20 , 2000 5 : 24 pm subject : stanford or - summer interns > hi ravi : > > please find attached my resume for the summer internship program . i > apologize for the delay . we actually lost your contact info . please let me > know if you will need any additional information and / or a cover letter > besides the resume and i can send it right away . > > thanks > > regards , > shikhar > - - - - - - - - - - - - - - - - - - - - - - - - > shikhar ranjan > phd student > management science & engineering > stanford university ca > ( 650 ) 497 5762 > - resumeo 0 - ene . doc | 0 |
Subject: merry xmas and a happy new year ! hi all merry xmas and a happy new year ! les . | 0 |
Subject: re : resume vasant , i agree . vince from : vasant shanbhogue / enron @ enronxgate on 05 / 01 / 2001 10 : 00 am to : vince j kaminski / hou / ect @ ect cc : subject : re : resume vince , he seems to have mostly equity and fixed income background ( and then some credit exposure calculation ) with not much credit data analysis experience . i do not think he would be appropriate for bryan ' s group - - he needs a person who tracks market developments and understands fundamental data , and although this guy may be good at modeling , we already have iris and amitava doing the modeling and looking at data . at this stage , i would prefer to hire somebody with direct experience in credit analysis ( banking , rating agency ) . i am worried that if we get another person without data analysis experience , then amitava will find himself with two people ( iris being the other one ) who are both inexperienced in this area , and he will find himself doing a lot of the work anyway . if you want to pursue him , we should probably do a phone interview first . vasant - - - - - original message - - - - - from : kaminski , vince sent : monday , april 30 , 2001 5 : 33 pm to : shanbhogue , vasant subject : re : resume vasant , what do you think ? he may be expensive . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 30 / 2001 05 : 31 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - marshall brown on 04 / 25 / 2001 01 : 13 : 44 pm to : vince . j . kaminski @ enron . com cc : subject : re : resume vince , i apologize , i sent you the wrong resume ! here is the correct one . > marshall brown vice president robert walters associates phone # : 212 - 704 - 0596 fax # : 212 - 704 - 4312 marshall . brown @ robertwalters . com www . robertwalters . com > - - - - - original message - - - - - > from : vince . j . kaminski @ enron . com [ smtp : vince . j . kaminski @ enron . com ] > sent : wednesday , april 25 , 2001 1 : 08 pm > to : marshall . brown @ robertwalters . com > subject : re : resume > > > marshall , > > he looks ok but below the level of quant skills i typically look for > > vince > > > > > > marshall brown on 04 / 23 / 2001 09 : 33 : 00 > am > > to : vince kaminski > cc : > subject : resume > > > vince , > i know this candidate is actively interviewing at el paso and i think > reliant . he has excellent quantitative background , but no real energy > experience . if you are interested in speaking with him let me know . > regards , > marshall brown > vice president > robert walters associates > phone # : 212 - 704 - 0596 > fax # : 212 - 704 - 4312 > marshall . brown @ robertwalters . com > www . robertwalters . com > > > > > > > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > caution : electronic mail sent through the internet is not secure and could > be intercepted by a third party . > > this email and any files transmitted with it are confidential and > intended solely for the use of the individual or entity to whom they > are addressed . if you have received this email in error please notify > the system manager . > > this footnote also confirms that this email message has been swept by > mimesweeper for the presence of computer viruses . > > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > ( see attached file : litt _ har . doc ) > > > - litt _ tho . doc > | 0 |
Subject: re : vandy student kristin , the problem with this guy is that we maxed out on the number of interns we can gainfully employ and provide adequate supervision . so , we have to pass on him . vince enron north america corp . from : kristin gandy @ enron 02 / 16 / 2001 07 : 54 am to : stinson gibner / hou / ect @ ect , vince j kaminski / hou / ect @ ect cc : subject : vandy student i hear that you have been in contact with this student . do you have any interest in hiring him for a summer position ? if not please just let me know and i will call him to let him know . regards , kristin - - - - - - - - - - - - - - - - - - - - - - forwarded by kristin gandy / na / enron on 02 / 16 / 2001 07 : 49 am - - - - - - - - - - - - - - - - - - - - - - - - - - - dmitri villevald on 02 / 15 / 2001 04 : 00 : 51 pm to : " ' kristin . gandy @ enron . com ' " cc : subject : dear ms . gandy : thank you for taking time out of your busy schedule to visit the owen graduate school of management at vanderbilt on january 23 - 24 for on - campus interviews for the summer associate positions at enron . it was a pleasure talking with you , and i hope i conveyed to you how excited i am about the prospect of applying my skills at enron . i realize that enron offers a limited number of positions and greatly respect your choice of summer associates . i would like to ask you if there is any opportunity for me to work at enron during this summer for free . i am confident that my sincere interest in derivatives will allow me to greatly contribute to enron during this summer . i am particularly interested in enron research group . ( i had a phone interview with mr . gibner on january 31 st , and i sent him email yesterday asking for the opportunity to work for free during this summer ) . i am looking forward to hearing from you . if i can provide more information or answer additional questions , please feel free to contact me either by telephone ( 615 - 496 - 1132 ) or via e - mail ( dmitri . villevald @ owen 2002 . vanderbilt . edu ) . also , i am always ready to fly to houston for additional interviews . again , thank you for your time and consideration . sincerely , dmitri villevald owen mba 2002 | 0 |
Subject: re : options model jeff , i got 20 cents for the swith option per dth . my assumptions are as follows : price curve assumption : waha - - - if - waha la plata pool and tw ( ignacio ) - - if - epso / sj california border - - ngi - socal correlation assumption : waha - sj 95 % socal - sj 90 % see the attached spreadsheet for more info . call me for questions . zimin jeffery fawcett @ enron 10 / 11 / 2000 02 : 56 pm to : zimin lu / hou / ect @ ect cc : subject : options model zimin , we ' re trying to price out a " live " options deal . here are the parameters : volume : 32 , 000 dth / d term : jan . 1 , 2002 through oct . 31 , 2006 ( 58 mos . ) price : one part rate , $ 0 . 2175 / dth , plus applicable fuel primary receipt / delivery points : ( east - to - east transport ) receipt : la plata pool ( use san juan , blanco price equivalent ) delivery : waha area option : alternate delivery pnt . : california border ( east - to - west transport ) price : floor - $ 0 . 2175 / dth , plus 4 . 75 % pipeline fuel , plus 50 % of the difference between the california border index price and the san juan basin index price . specifically , we ' ll use : ( socalgas large pkgs . minus tw ( ignacio , pts . south ) ) an important things to consider : this option is only for alternate firm deliveries . alternate firm is really just a glorified version of interruptible . can you run the option model and tell me what is the dollar value of this rather " unpure " option ? i appreciate it . give me a call at 3 - 1521 if you have any questions . also , can you get us an answer by friday , 10 / 13 / 00 ? we ' re looking to get the proposal out to the customer by the end of the week if possible . thanks . | 0 |
Subject: earth day - trash bash i hardly know what to say ! ! ! what a great turnout from the research department . we had 15 including spouses and children who worked check - in and picked up trash . thanks so much . everyone from community relations was blown away by the turnout we had from research . i heard very nice comments about our effort and about the fact that vince came out and worked . thanks again for all your support . i personally appreciated it and i know everyone else from enron that was involved in this event appreciated it because i got so many comments about our participation . i don ' t know what else to say but that you are a great group . anita | 0 |
Subject: hr deadlines and action items please forward to all your direct reports - - - - - - - - - - - - - - - - - - - - - - forwarded by norma villarreal / hou / ect on 11 / 16 / 2000 11 : 23 am - - - - - - - - - - - - - - - - - - - - - - - - - - - norma villarreal 11 / 16 / 2000 11 : 23 am to : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , mike a roberts / hou / ect @ ect , pinnamaneni krishnarao / hou / ect @ ect , maureen raymond / hou / ect @ ect cc : sheila walton / hou / ect @ ect , shirley crenshaw / hou / ect @ ect subject : hr deadlines and action items pep system for feedback action item employees need to provide feedback on requested employees supervisor ' s need to contact employee ' s requested reviewers ( via phone mail or email ) who have not submitted feedback . deadline for pep feedback : friday , november 17 , 2000 cst open enrollment for 20001 benefit election action item employees who want change their benefit election need to go to www . enron . benefitsnow . com or call 1 ( 800 ) 425 - 5864 . if you do not have your 2001 enrolment personal worksheet which contains your personal identification number please contact benefits at 1 ( 800 ) 3327373 option 1 . extended deadline : friday , november 17 , 2000 , 5 p . m . cst bonus defferal election action item employees wishing to receive stock options and phantom stock in lieu of all or a portion of the cash bonus received during 20001 can will need to access ehronline . enron . com . deadline : friday , december 8 , 2000 cst please let me know if you have any questions . norma villarreal hr generalist x 31545 | 0 |
Subject: spring 2001 conference participation by jeffrey k . skilling rick / vince , good morning . in my 9 / 14 e - mail , i advised you of the practitioner - industry cefer ( center for energy finance education and research ) conference we are planning for spring 2001 . as you know , we would like to invite jeff skilling to be the keynote speaker at the thur . evening dinner . the following day ' s four topics consist of risk management , deregulation , real options , and international / globalization . the majority of invitees would be ( predominantly u . s . - based ) energy - industry practitioners , as well as several academics . given lead time issues in these matters , we have reserved hotel rooms in austin for feb . 22 , 2001 . could i ask you to ascertain jeff skilling ' s availability for that evening ? thanks , ehud ronn ehud i . ronn professor of finance and jack s . josey professor in energy studies director , center for energy finance education and research mccombs school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu | 0 |
Subject: re : summer internship jinbaek , the answer to the lst question is yes . the project list is fine with me and is still valid . we are an organization driven by the needs of our internal customers . i shall froward your message to the person in ebs . hopefully , we shall get a positive response . vince jinbaek kim on 03 / 15 / 2001 01 : 12 : 32 am to : vince . j . kaminski @ enron . com cc : subject : summer internship dr . kaminski , sorry for the late response , it took me some time to coordinate things . finally , it ' s almost dont : - ) it turned out that from june to august will be best for me for work at enron ( say june . 4 to august . 4 ) but i still need to know several things from your side . could you answer following questions ? first : is my suggested working period is ok with you ? if so , let me know what to do for settlement during the period . second : i got a list of work , i might be able to do for dealbench team from ross and suresh . i ' d like to know it is still a valid work list : the list he sent is as following : > 1 . write a paper in layman ' s terms that answers > questions like the following : > benefits of auctioning online for both buyers and > sellers , particularly in reverse auctions > explanation how multi - variable auctions are not > as efficient as price - only auctions ( is this true ? ) > how many participants are recommended for a > successful live auction > what types of goods and services are best suited > for live auctions versus sealed bid quotes > opinions on lotting strategies > trends in online private auctions > 2 . identify appropriate recent auction research ( 3 > or 4 papers out of the 90 + you provided ) and obtain approvals from the > authors to post on our site > 3 . create a list / bibiliography of relevant auction > literature ( with hyperlinks ? ) > 4 . would you be willing to offer auction consulting > services to our customers ( if they are interested ) third : there is an e - procurement forum at haas school of business , in may 22 . the chair of the forum is my advisor prof . arie segev . a person from wells fargo bank will talk about wells fargo ' s role in e - marketplace payment initiative , where enron broadband services is also one of key players along with citibank . he asked me whether you can contact a person at enron broadband services , who ' s related to the initiative . he wants to know whether we will have a speaker from enron to see enron ' s perspective , in the forum . here is a link to news related to the initiative , fourth : my advisor wants to know whether there could be any opportunity to do a case study , regarding enron ' s business . he is interested in e - procurement and e - marketplaces . business model and system architecture . . . thanks for reading this long email . i ' ll look forward to your answer . . i am sorry for giving you so much burden to answer those questions possibly not easy to answer . warm regards , 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 mon , 5 mar 2001 vince . j . kaminski @ enron . com wrote : > > jinbaek , > > this is fine though you are welcome to spend more > time with us this summer . > > vince > > > > > > jinbaek kim on 03 / 04 / 2001 03 : 45 : 40 pm > > to : vince . j . kaminski @ enron . com > cc : > subject : re : summer internship > > > dr . kaminski , > > thanks for your answer . > before i tell you the time frame , > i ' ll need to talk with my advisor , first . > because here is an on - going - project . > i need to coordinate the schedule . > > i ' ll appreciate it if you understand my situation , > and give me some time ( less than a week , of course ) . > > for your reference , > probably > the dates i ' d like to ask you will be > from mid - may to mid - july ( 2 months ) > > warm regards , > 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 fri , 2 mar 2001 vince . j . kaminski @ enron . com wrote : > > > > > jinbaek , > > > > you can coordinate the details with me . > > let me know what the time frame is for you > > and we shall send you an appropriate offer . > > > > vince > > > > > > > > > > > > jinbaek kim on 03 / 02 / 2001 04 : 43 : 06 pm > > > > to : vince . j . kaminski @ enron . com > > cc : > > subject : re : summer internship > > > > > > dr . kaminski , > > > > thank you very much . > > of course , i ' ll be happy to have an opportunity > > to work at such a wonderful company . > > i was contacting with surech raghavan at deal bench team , > > and was going to express my appreciation to you again > > after settling down process with them . > > > > for the period of working , > > i still need to coordinate with my advisor and > > may need to adjust according to that . > > but anyway , i ' ll try to coordinate smoothly . > > > > please let me know whether i should keep contacting > > with deal bench team , > > for working period and > > for misc . living support such as finding a place , rent a car , etc . > > > > i appreciate you so much again , > > for arranging such meetings and giving me an opportunity . > > all this opportunity will not be available to me , > > without your kind help . > > > > warm regards , > > 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 fri , 2 mar 2001 vince . j . kaminski @ enron . com wrote : > > > > > hello , > > > > > > sorry for a delay in getting back to you . > > > we would like very much to offer you a summer internship . > > > > > > please , let me know if you are interested . > > > > > > vince kaminski > > > > > > > > > > > > > > > > > > > > > > > > | 0 |
Subject: congratulations ! ! ! vince : congratulations on your promotion ! ! barbara | 0 |
Subject: jacob feedback vince , chonawee and tom halliburton had feedback about jacob to me . tom ' s feedback is what he does for pros is actually too simple . their so - called trading system is actually a scheduling system . my impression is that jacob is good at selling himself , his knowledge of finance and derivatives is very limited . zimin - - - - - - - - - - - - - - - - - - - - - - forwarded by zimin lu / hou / ect on 04 / 11 / 2001 03 : 31 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - chonawee supatgiat @ enron 03 / 21 / 2001 07 : 28 pm to : zimin lu / hou / ect @ ect cc : tom halliburton / corp / enron @ enron subject : jacob feedback i asked jacob two questions to check his basic knowledge . he answered correctly in the optimization question so i believe that he has a good foundation on his optimization skill . i have a doubt about his stochastic skill because he took only one course in stochastic processes and his previous models are simple deterministic models . if we had more interview time i would be able to check his stochastic and modeling skills . he completely failed to answer the second question , which is to check his basic risk management skill . it is clear to me that he has a very weak background in finance and risk management . he does not understand the relationship between a discount rate and risk . he showed some weakness in annuity calculation . in conclusion , i feel that he has good basic in optimization but a very weak background in finance . based on his experiences , i have a doubt on his advance optimization skills , such as his stochastic skill and his ability to attack a complex optimization problem . i would recommend a second - round interview if he will be solving a complex - optimization problem . - chonawee | 0 |
Subject: darden case study on " the transformation of enron " shirley , please , provide this info . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 03 / 30 / 2000 02 : 33 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : sherri sera @ enron 03 / 30 / 2000 12 : 47 pm to : lou l pai / hou / ees @ ees , gene humphrey / hou / ect @ ect , ken rice / enron communications @ enron communications , andrew s fastow / hou / ect @ ect , vince j kaminski / hou / ect @ ect cc : karen owens / hou / ees @ ees , bert frazier / hou / ect @ ect , mercedes estrada / enron communications @ enron communications , bridget maronge / hou / ect @ ect , mark palmer / corp / enron @ enron , katherine brown / corp / enron @ enron , fabricio soares / hou / ect @ ect subject : darden case study on " the transformation of enron " gentlemen , jeff has asked that each of you make time to meet with professors bruner and bodily regardig the above referenced case ( i have attached a project overview for your review ) . they are scheduled to be in houston on tuesday , april 18 , to begin conducting interviews ( some of which may be videotaped ) . please let me know your availablility on that date . thanks for your help , and please don ' t hesitate to call me ( x 3 - 5984 ) should you need additional information . srs | 0 |
Subject: meeting tracy , confirming the meeting tomorrow , thursday , 1 : 30 p . m . vince kaminski | 0 |
Subject: re : telephone interview with the enron research group hi ramaswamy : thank you for responding so promptly . i have scheduled the telephone interview for monday , march 19 th from 10 : 30 - 11 : 30 am ( central time ) . please let me know if this is not convenient . they will call you at ( 773 ) 324 - 5077 . sincerely , shirley crenshaw " ramaswamy garimella " on 03 / 05 / 2001 09 : 27 : 26 pm to : shirley . crenshaw @ enron . com cc : ramaswamy _ garimella @ hotmail . com subject : re : telephone interview with the enron research group hi shirley , thanks for providing me an opportunity to interview with enron research group . i have final exams in the next week till march 15 . so , any date from march 19 onwards will be convenient to me . my phone number is ( 773 ) 324 - 5077 . any time after 10 a . m will be fine with me . please let me know the date and time that will be convenient to vince kaminski ' s group . thank you very much . best regards , ramaswamy garimella . - - - - original message follows - - - - from : shirley . crenshaw @ enron . com to : ramaswamy _ garimella @ hotmail . com cc : vince . j . kaminski @ enron . com , stinson . gibner @ enron . com , vasant . shanbhogue @ enron . com , tanya . tamarchenko @ enron . com subject : telephone interview with the enron research group date : mon , 5 mar 2001 14 : 38 : 18 - 0600 mime - version : 1 . 0 received : from [ 192 . 152 . 140 . 9 ] by hotmail . com ( 3 . 2 ) with esmtp id mhotmailbc 6 d 45780030 d 82197 daco 988 co 99 a 960 ; mon mar 05 12 : 43 : 36 2001 received : from mailman . enron . com ( mailman . enron . com [ 192 . 168 . 189 . 66 ] ) by postmaster . enron . com ( 8 . 8 . 8 / 8 . 8 . 8 / postmaster - 1 . 00 ) with esmtp id uaal 0526 for ; mon , 5 mar 2001 20 : 43 : 35 gmt received : from nahou - msmswo 2 px . corp . enron . com ( [ 172 . 28 . 10 . 38 ] ) by mailman . enron . com ( 8 . 10 . 1 / 8 . 10 . 1 / corp - 1 . 05 ) with esmtp id f 25 khzal 4665 for ; mon , 5 mar 2001 14 : 43 : 35 - 0600 ( cst ) received : from ene - mtaol . enron . com ( unverified ) by nahou - msmswo 2 px . corp . enron . com ( content technologies smtprs 4 . 1 . 5 ) with esmtp id for ; mon , 5 mar 2001 14 : 43 : 41 - 0600 | 0 |
Subject: enron in india mark , two points . 1 . you probably know about it already . abhay mehta , the author of " power play " , is on a tour of the united states . please , take a look at the information about a meeting last sunday at stanford university . the web site address is given below . my wife went to the presentation and told me it was quite critical about enron . about 40 people attended . 2 . i was approached by john martin , a professor of finance at baylor , to write jointly an academic paper on enron for a financial journal . he wanted to work on an article on ebs . i have suggested a different topic : enron - case study of a company reinventing itself . i made a few points to john : a . enron ' s evolution did not just happen by accident . it was a result of implementation of a far - reaching strategy developed by the management . b . in the process of its evolution enron changed its environment . i came up with a term " proactive evolution " , as opposed to " reactive evolution . " c . the strategy included many elements , including emphasis on the quality of human resources , changing corporate attitudes to risk taking and employee empowerment . d . there are very few companies that match enron ' s experience and accomplishemnts . the paper could become a standard reading at the mba courses on corporate strategy and would help greatly our recruiting efforts . writing the paper would require interviews with ken , jeff and a few other key players . let me know what you thing about it . john is really excited about this paper . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 10 / 09 / 2000 08 : 07 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vkaminski @ aol . com on 10 / 07 / 2000 05 : 29 : 41 pm to : vkamins @ enron . com cc : subject : enron http : / / www . stanford . edu / group / sia / stanford india association | 0 |
Subject: re : european energy 2000 vince , i ' ve been invited to speak at the conference below in amsterdam in april . this is along with the monte carlo conference a week later which stinson has forwarded my name for . both are by eprm , and shouldn ' t take too much time to prepare as will be on similar topics to the previous conference at which i spoke . should i go to both , or start prioritising these events ? ben - - - - - - - - - - - - - - - - - - - - - - forwarded by benjamin parsons / lon / ect on 20 / 12 / 99 17 : 03 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : " angela adedeji " 20 / 12 / 99 11 : 57 please respond to " angela adedeji " to : benjamin parsons / lon / ect @ ect cc : subject : european energy 2000 dear ben re : european energy 2000 , 3 & 4 april , amsterdam it is with great pleasure that i enclose details of eprm ' s 3 rd annual congress . i would like to invite you to become involved as a speaker on the programme and / or on either of the two seminars on modelling power prices and var . the following sessions are currently available on the main programme : - trouble shooting roundtables - var forward curve electricity derivatives heding - developing and implementing enterprise wide risk management - quantifying and minimising operational risk unfortunately this project needs to be signed off before christmas . i would therefore appreciate receiving a response from at your earliest convenience . i hope we can work together on this event and i look forward to hearing from you soon . kind regards angela adedeji senior producer , energy conferences & courses tel - 0171 484 9886 fax - 0171 484 9888 email - aadedeji @ risk . co . uk - attl . htm - fgrid . doc - seminar . doc - seminar 2 . doc | 0 |
Subject: re : grades mr . kaminsky , i still need grades for : israni , rakhi lu , feng planck , jeffrey so , winny taylor , orlando wankhade , sanjay zhang , ning i will be available by e - mail this evening or by phone ( 5 : 30 or so ) at 713 - 668 - 1704 . ? i just called the registrar ' s office and if i bring in the grades by 8 : 30 tomorrow morning we will be fine . ? please advise . thanks for your help . - pam at 08 : 23 am 5 / 4 / 01 - 0500 , vince . j . kaminski @ enron . com wrote : pam , the last group . please , let me know if any name is missing . ( embedded image moved to file : pic 25177 . pcx ) grade : a thanks a lot . it was a pleasure working with you . vince kaminski | 0 |
Subject: organization announcement given the growth in ees it has become apparent that it is time to consolidate the risk functions between ees and ews . this will provide ees with the systems , resources and risk expertise of the wholesale energy groups necessary for it to continue to grow and take advantage of current market opportunities . with this in mind and in agreement with the management of ees , two new risk groups inside enron americas will be formed to provide ees with pricing , structuring , retail and wholesale commodity risk management , logistics and back - office services . these groups main function is to provide these services to ees . we have asked rogers herndon , currently vice president - trading in the eastern power group to manage this function in the eastern interconnect ( this includes both gas and power ) . rogers will continue to report to kevin presto . we have asked don black , formerly vice president - ees risk management and sourcing , to manage this function in the western u . s . don will manage this group from houston and will report to tim belden . these groups will work very closely with ees to pursue shared goals while ensuring close coordination with the wholesale gas and power trading organizations . these changes are effective immediately . please congratulate rogers and don on their new roles . john lavorato & louise kitchen | 0 |
Subject: alp presentation this will be in eb 49 cl - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 04 / 10 / 2001 08 : 22 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 04 / 10 / 2001 08 : 13 am to : barrett @ rice . edu , uecker @ rice . edu , cmiller @ rice . edu , lounghrid @ rice . edu , luigical @ rice . edu cc : vince j kaminski / hou / ect @ ect , christie patrick / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , kenneth parkhill / na / enron @ enron subject : alp presentation on behalf of enron corp . i would like to invite you to an alp project presentation by a group of students of jesse h . jones graduate school of management , rice university . the students will present the results of a research project regarding electronic trading platforms in the energy industry . the presentation will be held on may 7 , at 4 : 00 p . m . at enron , 1400 smith . we would also like to invite you to dinner , following the presentation . vince kaminski vincent kaminski managing director - research enron corp . 1400 smith street room ebl 962 houston , tx 77002 - 7361 phone : ( 713 ) 853 3848 ( 713 ) 410 5396 ( cell ) fax : ( 713 ) 646 2503 e - mail : vkamins @ enron . com | 0 |
Subject: re : invitation to speak at power 2000 hi vince that ' s great - delighted you ' ll be participating . i ' ve put you down as the chairman for stream 1 , day 1 on 9 may 2000 . by the way , is your job title still vp , head of research at enron north america ? i need to know for the brochure . if i don ' t speak to you before the new year , i wish you a very merry xmas and a happy new millennium ! emma - - - - - original message - - - - - from : vince j kaminski to : emma wolfin cc : vince j kaminski date : thursday , december 16 , 1999 9 : 02 am subject : re : invitation to speak at power 2000 > > > emma , > > mergers and acquisitions are not my cup of tea . > > chairing stream 1 on day 1 seems to be a better match . > > vince > > > > > > " emma wolfin " on 12 / 15 / 99 10 : 51 : 34 am > > to : vince j kaminski / hou / ect @ ect > cc : > subject : re : invitation to speak at power 2000 > > > > > hi vince > > thanks for getting back to me quickly ! as it happens , all of the sessions > you suggested are already taken ! > > so , would you be interested in chairing either stream 1 on day 1 of the > conference - " pricing and trading in the us power market " or stream 3 on > day 2 of the conference - " latest developments in the us energy industry " . > for your information , the people presenting on day 1 in stream 1 include : > > - spyros maragos , dynegy on volatility > - sanjeev khanna , pg & e on correlation > - gary morsches , southern on optimising information to accurately price and > trade electricity > - blake johnson , stanford university on modelling power prices > - craig pirrong , olin school of business , washington university on building > the optimal forward curve > > on day 2 , stream 3 , there are only 3 talks in that stream , as after lunch we > will be breaking for plenary sessions and the industry briefing sessions > too . but the people who will be speaking in that stream are : > > - venu nagali , stanford university on real options > - ram challa , sithe energies ( he was formerly at bankers trust ) on > generation assets > > i have the slot on mergers and acquisitions in stream 3 on day 2 as still > available but i ' m not sure if that session is your area of speciality ? let > me know . > > thanks vince and very much looking forward to working with you again . > > emma > > > - - - - - original message - - - - - > from : vince j kaminski > to : emma wolfin > cc : vince j kaminski > date : wednesday , december 15 , 1999 11 : 36 am > subject : re : invitation to speak at power 2000 > > > > > > > > emma , > > > > it ' s your choice . i can chair the session of day 2 or speak on one of these > > topics . > > please , let me know what works for you . > > > > possible presentations : > > > > evaluating the effectiveness of insurance as a risk management tool > > > > or > > > > applying real option theory to value power plants > > > > or > > > > overcoming the difficulties of accurately estimating volatility > > > > > > vince > > > > > > > > > > > > " emma wolfin " on 12 / 14 / 99 04 : 08 : 03 pm > > > > to : vince j kaminski / hou / ect @ ect > > cc : > > subject : invitation to speak at power 2000 > > > > > > > > > > hi vince > > > > it is my great pleasure to invite you to speak at power 2000 which will be > > in houston on 9 & 10 may 2000 . > > > > would you be interested in chairing one of the streams on day 2 of the > > conference ? or making a full presentation on one of the days ? please let me > > know which talks interest you . obviously , some of the talks are no longer > > available but i would like to give you a choice as much as possible . please > > could you get back to me asap on 212 925 1864 ext 151 or by return email . > > > > i very much hope you can make the dates as i ' m very keen to have you > > participate at power . not to flatter you unnecessarily , but i know that a > > lot of people come to our conferences to hear what you have to say . > > > > best regards > > > > emma > > > > > > > > > > > > > > > > | 0 |
Subject: ben zhang : nuts ! i also heard from joe toussaint that ben ' s boss counter - offered with a bump in salary . - - - - - - - - - - - - - - - - - - - - - - forwarded by grant masson / hou / ect on 09 / 18 / 2000 09 : 24 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " zhang , ben " on 09 / 18 / 2000 07 : 58 : 58 am to : grant . masson @ enron . com cc : subject : thanks dear mr . masson : thank you very much for offering me an opportunity to work in your group . however because of family reasons , i have to regrettably inform you that i will not be able to make the move at this time . it has been a great experience working with you on this process , and i greatly appreciate your help . i realized that this would have been a great opportunity for me , and i thank you very much for everything . i hope you will still consider me for a position in the future . sincerely , ben | 0 |
Subject: biliana ' s resume geynille , i understand you are in charge of recruiting at the uofh . i am forwarding to you the resume of one of the students of the university of houston . she is involved with the international organization called aiesec and i was most impressed by her organizational skills and professional attitude . i used to work as a volunteer for this organization many years ago and i am still helping their local chapter . as far as i know , she signed up for an interview with enron . vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 09 / 29 / 2000 02 : 13 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - biliana pehlivanova on 09 / 28 / 2000 06 : 02 : 20 pm to : vkamins @ enron . com cc : subject : biliana ' s resume mr . kaminski , thank you for referring me to your recruitment representative . attached is my resume . i would appreciate you letting me know the name of the hr person whom i can folow up with . best regards , biliana = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = biliana pehlivanova vice president of incoming exchange aiesec houston 713 743 - 4927 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = do you yahoo ! ? yahoo ! photos - 35 mm quality prints , now get 15 free ! http : / / photos . yahoo . com / - biliana ' s resume . doc | 0 |
Subject: lng meeting hello all : the lng meeting that was to be held this morning has been changed to tomorrow , wednesday , the 17 th at 11 : 00 am in ebl 938 . thanks ! shirley 3 - 5290 | 0 |
Subject: re : vacation in march , april stinson , no problem . vince stinson gibner 02 / 15 / 2001 06 : 41 pm to : vince j kaminski / hou / ect @ ect cc : subject : vacation in march , april vince , if possible i would like to take some vacation time in march and april . specifically the week of hisd spring break , which is march 12 - 16 . also , i would like to take march 21 - 30 . please let me know if this is ok . regards , stinson | 0 |
Subject: resume of a former fx trader i am forwarding the resume of wendell licon who works for enron in the hr department ( executive compensation ) . he used to be an fx trader . i am thinking about moving him to research when his current boss is ready to release him . i think , however , that you should take a look at him as well and see if he fits your needs . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 07 / 11 / 2000 04 : 29 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - wendell licon @ enron 07 / 11 / 2000 04 : 04 pm to : vince j kaminski / hou / ect @ ect cc : subject : resume vince , per your request , i ' ve attached a copy of my resume . please let me know if you have any questions . regards , wendell | 0 |
Subject: re : fyi : uk var issues vince , uk var breached the limit last week . uk traders asked us to review the correlations across uk gas and power as well as the correlations across efa slots . we did part of the work last week . now we ' ll update the correlations based on historical prices . tanya . richard lewis 10 / 08 / 2000 07 : 31 am to : tanya tamarchenko / hou / ect @ ect cc : oliver gaylard / lon / ect @ ect , james new / lon / ect @ ect , steven leppard / lon / ect @ ect , rudy dautel / hou / ect @ ect , kirstee hewitt / lon / ect @ ect , naveen andrews / corp / enron @ enron , david port / market risk / corp / enron @ enron , ted murphy / hou / ect @ ect , simon hastings / lon / ect @ ect , paul d ' arcy / lon / ect @ ect , amir ghodsian / lon / ect @ ect subject : re : var correlation scenarios thanks tanya , these are interesting results . i am on vacation next week , so here are my current thoughts . i am contactable on my mobile if necessary . gas to power correlations i see your point about gas to power correlation only affecting var for the combined gas and power portfolio , and this raises an interesting point : at a conservative 30 % long term correlation , combined var is olmm less than previously expected - so how does this affect the limit breach ? strictly speaking , we are still over our uk power limit , but the limit was set when we were assuming no gas power correlation and therefore a higher portfolio var . a suggested way forward given the importance of the spread options to the uk gas and power books - can we allocate to the gas and power books a share of the reduction in portfolio var - ie [ reduction = portfolio var - sum ( power var + gas var ) ] ? also , if i understand your mail correctly , matrix 1 implies 55 % gas power correlation is consistent with our correlation curves , and this reduces total var by ol . 8 mm . efa slot correlations the issue of whether our existing efa to efa correlation matrix is correct is a separate issue . i don ' t understand where the matrix 2 efa to efa correlations come from , but i am happy for you to run some historical correlations from the forward curves ( use the first 2 years , i would suggest ) . our original matrix was based on historicals , but the analysis is worth doing again . your matrix 2 results certainly indicate how important these correlations are . closing thoughts friday ' s trading left us longer so i would not expect a limit breach on monday . we are still reviewing the shape of the long term curve , and i ' d like to wait until both simon hastings and i are back in the office ( monday week ) before finalising this . regards richard tanya tamarchenko 06 / 10 / 2000 22 : 59 to : oliver gaylard / lon / ect @ ect , richard lewis / lon / ect @ ect , james new / lon / ect @ ect , steven leppard / lon / ect @ ect , rudy dautel / hou / ect @ ect , kirstee hewitt / lon / ect @ ect , naveen andrews / corp / enron @ enron , david port / market risk / corp / enron @ enron , ted murphy / hou / ect @ ect cc : subject : re : var correlation scenarios everybody , oliver sent us the var number for different correlations for uk - power portfolio separately from uk - gas portfolio . first , if var is calculated accurately the correlation between power and gas curves should not affect var number for power and var number for gas , only the aggregate number will be affected . the changes you see are due to the fact that we use monte - carlo simulation method , which accuracy depends on the number of simulations . even if we don ' t change the correlations but use different realizations of random numbers , we get slightly different result from the model . so : to see the effect of using different correlations between gas and power we should look at the aggregate number . i calculated weighted correlations based on 2 curves i got from paul . as the weights along the term structure i used the product of price , position and volatility for each time bucket for gas and each of efa slots . the results are shown below : inserting these numbers into the original correlation matrix produced negatively definite correlation matrix , which brakes var engine . correlation matrix for any set of random variables is non - negative by definition , and remains non - negatively definite if calculated properly based on any historical data . here , according to our phone discussion , we started experimenting with correlations , assuming the same correlation for each efa slot and et elec versus gas . i am sending you the spreadsheet which summaries the results . in addition to the aggregate var numbers for the runs oliver did , you can see the var numbers based on correlation matrix 1 and matrix 2 . in matrix 1 the correlations across efa slots are identical to these in original matrix . i obtained this matrix by trial and error . matrix 2 is produces by naveen using finger ' s algorithm , it differs from original matrix across efa slots as well as in power versus gas correlations and gives higher var than matrix 1 does . concluding : we will look at the historical forward prices and try to calculate historical correlations from them . tanya . oliver gaylard 10 / 06 / 2000 01 : 50 pm to : richard lewis / lon / ect @ ect , james new / lon / ect @ ect , steven leppard / lon / ect @ ect , rudy dautel / hou / ect @ ect , kirstee hewitt / lon / ect @ ect , naveen andrews / corp / enron @ enron , tanya tamarchenko / hou / ect @ ect , david port / market risk / corp / enron @ enron cc : subject : var correlation scenarios the results were as follows when changing the gas / power correlations : correlation var - uk power book var - uk gas book 0 . 0 ol 0 . 405 mm o 3 . 180 mm 0 . 1 ol 0 . 134 mm o 3 . 197 mm 0 . 2 ol 0 . 270 mm o 3 . 185 mm 0 . 3 ol 0 . 030 mm o 3 . 245 mm 0 . 4 cholesky decomposition failed ( not positive definite ) 0 . 5 cholesky decomposition failed ( not positive definite ) 0 . 6 cholesky decomposition failed ( not positive definite ) 0 . 7 cholesky decomposition failed ( not positive definite ) 0 . 8 cholesky decomposition failed ( not positive definite ) 0 . 9 cholesky decomposition failed ( not positive definite ) 1 . 0 cholesky decomposition failed ( not positive definite ) peaks and off peaks were treated the same to avoid violating the matrix ' s integrity . interesting to note that for a higher correlation of 0 . 2 the power var increases which is counter to intuition . this implies that we need to look into how the correlations are being applied within the model . once we can derive single correlations from the term structure , is the next action to understand how they are being applied and whether the model captures the p + l volatility in the spread option deals . from 0 . 4 onwards the var calculation failed . oliver | 0 |
Subject: addition to enron - summer internships kristin another tiger . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 05 / 2001 09 : 47 am - - - - - - - - - - - - - - - - - - - - - - - - - - - fap on 02 / 05 / 2001 08 : 34 : 26 am to : " ' vkamins @ enron . com ' " cc : fap , " ' mvittal @ wharton . upenn . edu ' " subject : addition to enron - summer internships vince : please include ram vittal to the summer internship list , if you have not already done so . according to my count , that make a total of 8 students from the enron tiger team who have a desire to work with enron . thanks , donna - - - - - original message - - - - - from : vittal , maheshram [ mailto : mvittal @ wharton . upenn . edu ] sent : friday , february 02 , 2001 10 : 17 pm to : ' fap ' subject : re : call from enron donna : i had submitted my resume directly to their recruiting office and haven ' t heard from them . i would be very willing to reforward my resume , if required . thanks , ram | 0 |
Subject: alp presentation hi vince ! ! i ' ll take care of the invitations and i am planning to be at the concert on saturday ! thanks ! ! - - christie . - - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 05 / 01 / 2001 09 : 14 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 05 / 01 / 2001 04 : 55 pm to : christie patrick / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , kenneth parkhill / na / enron @ enron , shirley crenshaw / hou / ect @ ect , melinda mccarty / corp / enron @ enron subject : alp presentation christie , shirley reserved room 49 cl for monday 4 : 00 p . m . presentation . can you issue the formal invitation to our guests with the game / dinner details ? i don ' t have all the details regarding the enron field box and time . i am out most of the day on wednesday but we can discuss the details on thursday . hope to see you on saturday at the concert . vince | 0 |
Subject: marketing for your espeak session vince : thanks for your time earlier this week ; i ' m looking forward to your espeak event . sarah and i met with our etv contact yesterday , and we will be able to put a bulleted list on the elevator screens to advertise your espeak . please let me know what you would like us to post for you , and we will do the rest ! we also have plans to market specifically to the trader community here at enron , so you should get a high participation rate , especially from those groups . thanks , again . - er | 0 |
Subject: lng hedging vince , fyi . this is something the team has been working on with krishna . regards , sandeep . - - - - - - - - - - - - - - - - - - - - - - forwarded by sandeep kohli / enron _ development on 12 / 21 / 2000 04 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - - sandeep kohli 12 / 21 / 2000 04 : 00 pm to : james a hughes / enron _ development @ enron _ development cc : subject : lng hedging jim , i am attaching below a small draft note prepared by anshuman on lng hedging . it talks of two products : ( 1 ) volumetric options ( where we buy a call on 100 % of the volumes and sell a put on 50 % of the volumes to finance the call ) , and ( 2 ) ratio derivative where we buy two calls at a higher price , and sell one at a lower price to finance it . this is not one that the traders agree to , since at the upper price , the calls bought are just at the money , while the sold call is in the money , and will cost the seller . hence , only option 1 is useful . it could provide risk mitigation in the high price scenario , while allowing some participation in low prices . to test it , we used march 2001 period . to have it cost neutral , we would buy a call at $ 26 , and sell the put at $ 25 . 15 . as we bounce these ideas , i think it is very important that we work closely with the global markets group . the team on the ground knows the contracts better , and maybe able to give you insights on what can be sold to mseb . would love to discuss the same with you . regards , sandeep . | 0 |
Subject: cal berkeley general presentation confirmation - 10 / 16 / 00 we have been able to secure rooms at the claremont hotel in berkeley . please note the confirmation numbers listed below . thanks ! claremont resort and spa - berkeley 41 tunnel road berkeley , ca 94705 510 - 843 - 3000 from oakland airport : go straight out of the airport on airport blvd . turn right on hegenberger road . from hegenberger follow signs for 880 north . follow hwy 880 north and follow signs for hwy 24 to walnut creek . take the claremont avenue exit , turning left at the bottom of the exit onto claremont . turn right on ashby avenue ( 5 th stoplight ) and the hotel ' s entrance is two blocks ahead on the left . from san francisco airport : follow signs for hwy 101 north to san francisco , take hwy 80 east to the bay bridge to oakland . cross bay bridge on hwy 80 , follow to 580 east , and exit onto hwy 24 to berkeley / walnut creek . follow hwy 880 north and follow signs for hwy 24 to walnut creek . take the claremont avenue exit , turning left at the bottom of the exit onto claremont . turn right on ashby avenue ( 5 th stoplight ) and the hotel ' s entrance is two blocks ahead on the left . - - - - - - - - - - - - - - - - - - - - - - forwarded by ashley baxter / corp / enron on 10 / 12 / 2000 07 : 15 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - lara marie berry 10 / 10 / 2000 04 : 58 pm to : vince j kaminski / hou / ect @ ect , john pavetto / corp / enron @ enron , radu tutos / enron communications @ enron communications , denise rancour / corp / enron @ enron cc : ashley baxter / corp / enron @ enron , simone lewis / na / enron @ enron subject : cal berkeley general presentation confirmation - 10 / 16 / 00 cal berkeley general presentation monday , october 16 th this note is to confirm that you are scheduled to attend the cal berkeley general presentation on monday october 16 th . this e - mail should contain any information that you need to know pertaining to your trip . please print out a hard copy and bring with you in case of emergency . if you have any questions , there is a list of contacts listed below . once again , thank you for offering to help with technology recruiting at cal berkeley . see you on campus ! lara the general presentation will be held : monday , october 16 th the faculty club seaborg room - 2 nd floor 7 : 00 p . m . to 9 : 00 p . m . * * please plan on arriving at the general presentation by 6 : 00 p . m . the general presentation is designed to educate the students on enron and the global technology track . following the presentation we will invite the students to ask questions about enron and the global technology track . please plan to arrive at the general presentation by 6 : 00 p . m . it is business casual attire . flight arrangements : you are responsible for scheduling your own flight arrangements with your preferred airline provider . please schedule your flight to arrive to the san francisco airport on monday , october 16 th . please remember that there can be significant traffic over the bay bridge and to get into town at least an hour prior to the event . please make all flight arrangements through the travel agency in the park so that we are able to take advantage of discount fares . if you do not have a representative that you currently use at the travel agency in the park - feel free to contact liz mendiola at 713 - 860 - 1140 . rental car arrangements : once again , you are responsible for scheduling your own rental car arrangements with your preferred provider . your travel agency in the park representative should be able to assist you with rental car reservations . hotel arrangements : hotel reservations are currently being made by our representative at the travel agency in the park . as soon as we have confirmation numbers , i will let you know . san francisco airport to the faculty club take 101 northbound exit to san francisco / oakland bay bridge exit to 1 - 80 east exit on university ave . east on university avenue for 1 . 5 miles to oxford st . right on oxford st . , left on durant ave . , left on piedmont you will see parking on the right side once again , thank you so much for helping with the general presentation . below are some last minute tips to keep in mind : please remember to dress business casual . please remember to bring some business cards for students . i have attached a pdf version of the global technology track brochure . please forward all expense receipts to grace garcia . she will handle any expenses incurred for this recruiting trip including : flight costs , hotel , car , food , valet , etc . however , you must turn in some sort of receipt - so be sure and save them ! ashley baxter work : 713 - 853 - 3589 cell : 281 - 793 - 0567 lara berry work : 713 - 345 - 8320 cell : 713 - 857 - 1034 grace garcia work : 713 - 853 - 7252 simone lewis work : 713 - 853 - 1645 | 0 |
Subject: re : petronas benchmarking visit khairuddin , thanks for your message . the fax has been sent . vince khairuddinbmjaafar @ petronas . com . my on 01 / 17 / 2001 01 : 50 : 36 am please respond to khairuddin _ mjaafar @ petronas . com . my to : vkamins @ ect . enron . com cc : azminab @ petronas . com . my subject : petronas benchmarking visit dear mr . kaminski , pertaining to our visit to your kind company in february , we are required to obtain visas for the trip . to apply for the visas , the embassy requires a letter from the us company confirming our meeting or visit . we would really be grateful if you can fax us a confirmation letter so that we can proceed with our visa application . please fax the letter to : mr . nur azmin abu bakar head , risk assessment and control corporate risk management unit , corporate planning and development division level 71 , tower 1 , petronas twin towers , kuala lumpur city centre , 50088 kuala lumpur , malaysia fax : ( 603 ) 2051 - 3252 your speedy reply is greatly appreciated . thank you and regards , khairuddin . disclaimer : this e - mail and any files transmitted with it ( " message " ) is intended only for the use of the recipient ( s ) named above and may contain confidential information . you are hereby notified that the taking of any action in reliance upon , or any review , retransmission , dissemination , distribution , printing or copying of this message or any part thereof by anyone other than the intended recipient ( s ) is strictly prohibited . if you have received this message in error , you should delete this message immediately and advise the sender by return e - mail . opinions , conclusions and other information in this message that do not relate to the official business of petronas or its group of companies shall be understood as neither given nor endorsed by petronas or any of the companies within the group . ( embedded image moved to file : pico 5415 . pcx ) - pico 5415 . pcx | 0 |
Subject: re : ( no subject ) thanks vince . vince j kaminski wrote : > blake , > > i forwarded the azure presentation to greg whalley recommending > that he takes a look at it . > > vince | 0 |
Subject: jury duty shirley , i have been summoned for jury duty and plan to be out tomorrow , wednesday , may 2 . thanks , stinson | 0 |
Subject: re : fw : fw : visit to enron by professor nalin kulatilaka of boston university hi nalin , martin lin asked if you have a paper " or something " related to the lecture you will be giving to us on may 17 th . ciao , iris - - - - - original message - - - - - from : lin , martin sent : monday , april 30 , 2001 8 : 52 am to : mack , iris subject : re : fw : fw : visit to enron by professor nalin kulatilaka of boston university is there a paper or something related to this topic that we can look over beforehand ? thanks , martin iris mack / enron @ enronxgate 04 / 27 / 01 05 : 42 pm to : chonawee supatgiat / corp / enron @ enron , shalesh ganjoo / enron communications @ enron communications , martin lin / hou / ect @ ect , martin lin / contractor / enron communications @ enron communications cc : subject : fw : fw : visit to enron by professor nalin kulatilaka of boston university fyi - - - - - original message - - - - - from : mack , iris sent : monday , april 23 , 2001 2 : 45 pm to : crenshaw , shirley ; crenshaw , shirley ; dupont , anita cc : kaminski , vince ; ' nalink @ bu . edu ' subject : fw : fw : visit to enron by professor nalin kulatilaka of boston university hi , here is the title and abstract for professor kulatilaka ' s talk on may 17 th at our 11 : 30 am research group luncheon / seminar . iris title : " using the mobile internet to make new markets " abstract : professor kulatilaka will talk about some new ideas that he is working on which involve using the micro billing / payments capability of a packet - switched wireless network to create new markets . the potential markets range from spot markets for local spectrum to congestion - based pricing for highways . | 0 |
Subject: re : real time var tanya , thank you for the information . i agree that we need to talk about more what and how global valuation can facilitate a more competitive var engine . winston and nilay are going to give my group a presentation regarding the current var system next tuesday . i am sure the presentation will help my team better understand the requirements of var engine on global valuation . please join us if you have the time . i would also appreciate your insight on this matter . thanks zhiyong tanya tamarchenko 01 / 08 / 2001 11 : 09 am to : zhiyong wei / hou / ect @ ect , nilay basu / hou / ect @ ect , wenyao jia / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : real time var ziyong , we met with nilay and winston last week regarding real time var calculation possibility . winston has an overview of var system which consists of : - main curves simulation ; - curve server ; - book server ; - id server - clients as a first step i want to see where the time is spent when var runs , which percentages of time are spent by each part . nilay is going to get this information for a few portfolios ( agg - ect , agg - gas and ng - price - prc ) . preliminary information : currently var run takes about 1 hour , half of this time taken by " book server " ( we have about 4500 lower level portfolios in the portfolio hierarchy , about 5500 portfolios all together ) , most of the rest is taken by " clients " , " main curves simulation " does not take much time . i am looking also at using alternative methods of faster var calculation , but having so many portfolios in the hierarchy will slow down even analytical var . we also have to think more about what " real time " calculation means and what it should produce . tanya | 0 |
Subject: ftr team , the copy of the auction results that you got at yesterday ' s meeting is incorrect . what happened was when i tried to sort the entire page , i only highlighted the related column and expected excel 98 would sort the whole page . ( as steve told me before , i should highlight the whole thing if i try to do sorting in excel ) . i appolized for the misleading and have redone the whole thing . thanks for the patience . wish you all have a great weekend . | 0 |
Subject: re : your questions and requests to judy schlesinger thanks susan : however , vince has not received his financial times at all this week . i have called everyday and they tell me they will send a recovery copy , but so far we have not received one . is there anyway we could get a copy for him today ? your help will be greatly appreciated . thanks ! enron north america corp . from : susan l kennedy 06 / 21 / 2000 05 : 12 pm to : shirley crenshaw / hou / ect @ ect cc : subject : re : your questions and requests to judy schlesinger shirley , please find the below answers to the questions you had sent to judy . financial times - vince ' s subscription does not exprire until january 4 , 2001 vince ' s subscription to power finance & risk - what you recieved was not a renewal , it was for a free trial that began on june 5 th and ends on june 26 . please disregard it . his subscription that we recently renewed does not expire until march 26 , 2001 . i have sent in payment for vince ' s renewal for oxford energy forum . if there is anything else that i can help you with , please do not hesitate to call me . susan | 0 |
Subject: re : access to o ; . . . please , grant access as requested . vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 09 / 19 / 2000 03 : 41 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - daniel muschar @ enron 09 / 19 / 2000 03 : 27 pm to : juan padron / na / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : re : access to o ; . . . vince has this under control . he will forward it to the security group . daniel a . muschar juan padron 09 / 19 / 2000 02 : 22 pm to : vince j kaminski / hou / ect @ ect cc : daniel muschar / aa / corp / enron @ enron subject : access to o ; . . . vince , this e - mail is to request access to the o : / research / power meteorlogy / weather temps / txtemps . xls file . . . i was told by tech - support to e - mail you with this request and everything would get squared away . daniel , could you please advise on what to do next . thank you . . . juan - - - - - - - - - - - - - - - - - - - - - - forwarded by juan padron / na / enron on 09 / 19 / 2000 02 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - daniel muschar 09 / 19 / 2000 09 : 14 am to : juan padron / na / enron @ enron cc : subject : access to o ; . . . i called security again and here is what is happening : this request is waiting on the approver . stinson gibner : here is the info on the user we are waiting on . stinson ? ? gibner contact info company info phone : ( 713 ) 853 - 4748 employee type : enron employee email : sgibner @ enron . com job title : vp research location : eb 1963 supervisor : kaminski , wincenty j fax : ( 713 ) 646 - 2503 contract company : ect resources corp cellular : company number : 0413 pager : cost center : 0000107043 click here for others in cost center cost center name : na - research group ena city : houston bner or vince kaminski are the approvers for this directory | 0 |
Subject: re : check and car hire - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 04 / 03 / 2001 06 : 24 am - - - - - - - - - - - - - - - - - - - - - - - - - - - tony hamilton @ enron 04 / 03 / 2001 05 : 16 am to : kevin g moore / hou / ect @ ect cc : subject : re : check and car hire kevin my wife checked with our bank - it will take up to 10 days for the $ 2000 check to clear . i checked with enterprise ( the car hire people ) last night and the total bill will be about $ 1251 - i don ' t have this much left on my credit card , help ! i am really sorry about the hassle this is causing you , but i need some way for enron to pay directly for the car , that way i won ' t need the $ 2000 check . many thanks for your help tony | 0 |
Subject: re : confirmation of meeting fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 09 / 28 / 2000 10 : 26 am - - - - - - - - - - - - - - - - - - - - - - - - - - - wendy . dunford @ arthurandersen . com on 09 / 20 / 2000 10 : 11 : 43 am to : shirley . crenshaw @ enron . com cc : subject : re : confirmation of meeting vince sounds very busy ! just let me know when he is free and i will sort something out . thanks wendy * * * * * * * * * * * * * * * * * * * internet email confidentiality footer * * * * * * * * * * * * * * * * * * * privileged / confidential information may be contained in this message . if you are not the addressee indicated in this message ( or responsible for delivery of the message to such person ) , you may not copy or deliver this message to anyone . in such case , you should destroy this message and kindly notify the sender by reply email . please advise immediately if you or your employer do not consent to internet email for messages of this kind . opinions , conclusions and other information in this message that do not relate to the official business of my firm shall be understood as neither given nor endorsed by it . | 0 |
Subject: re : hi ! please delete this soon as per jeff ' s request . krishna . - - - - - - - - - - - - - - - - - - - - - - forwarded by pinnamaneni krishnarao / hou / ect on 04 / 05 / 2001 03 : 06 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " jeff fleming " on 04 / 05 / 2001 01 : 46 : 26 pm please respond to to : cc : subject : re : hi ! good to hear from you . things are going pretty well hear , but busy with the end of the semester coming up . as for u of h , i guess there are several possibilities depending on what shane wants to do . the best researcher in their group by far , in my opinion , is bong - soo lee . but he does more general asset pricing stuff . minnesota econ phd , really smart . their main derivatives guy is rabon rabinovich . he ' s done some good work in the past but not very active in the last five or ten years . or , you could go with ron singer or art warga ( art ' s more respected and more active ) . these guys are more senior , more general , and do more research than ramon - - i would guess that they tend to be the workhorses in terms of advising phd students at u of h . in any case , please destroy this info as soon as you digest it . i would hate for my candidate assessments to ever get passed along to the good folks at u of h . jeff jeff fleming associate professor jones graduate school of management - - ms 531 rice university 6100 main street houston , tx 77005 713 / 348 - 4677 ( voice ) 713 / 348 - 5251 ( fax ) http : / / www . ruf . rice . edu / ~ jfleming | 0 |
Subject: re : bfl - jim woods info al , thanks . confirmed for wednesday , next week , 7 : 00 a . m . vince al arfsten on 08 / 09 / 2000 01 : 41 : 59 pm please respond to arfsten @ bflassociates . com to : vince j kaminski cc : subject : re : bfl - jim woods info vince : jim is confirmed to meet you at 7 : 00 a . m . next wednesday . he will go to the hostess stand at the atrium restaurant and await you . he is about 5 ' 6 " brownish hair , glasses , youthful appearance and will be in a sport jacket for casual attire . i look forward to tallking with you again soon . al arfsten vince j kaminski wrote : > al , > > wednesday next week is fine with me . i would prefer to meet earlier > rather than later . what about 6 : 45 or 7 : 00 ? > > vince > > al arfsten on 08 / 09 / 2000 11 : 38 : 46 am > > please respond to arfsten @ bflassociates . com > > to : vkamins @ enron . com > cc : > subject : bfl - jim woods info > > vince : pursuant to bjorn ' s suggestion and my voice mail message , > attached you will find the background information on jim woods . jim is > not a pure quant and enjoys much more the areas of strategic thinking > and related processes . from what i can tell , he enjoys the process of > creating an arguement for a client ' s position in some disputed matter . > he is looking forward to having an opportunity of meeting you . his > availability next week is only on wednesday . an early breakfast at the > hyatt would work great for him . please let me know if that might work . > if not , when ? al arfsten > > ( see attached file : wood jim . doc ) > > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - > name : wood jim . doc > wood jim . doc type : winword file ( application / msword ) > encoding : base 64 > description : mac word 3 . 0 | 0 |
Subject: re : mgmt 656 let me know if you need anything else . - pam at 11 : 00 am 1 / 26 / 01 - 0600 , you wrote : > pam > > thanks > > yes , please , send me the e - mail addresses . > > vince > > > > > > pamela vande krol castro on 01 / 26 / 2001 10 : 40 : 17 am > > to : vince . j . kaminski @ enron . com > cc : > subject : mgmt 656 > > > here are your latest rosters . let me know if you would like the spreadsheet > with their e - mail addresses as well ! - pam ( 6223 ) > ( see attached file : 656 . doc ) > > - 656 . xls | 0 |
Subject: message 3 ps : attached with the flyer of the conference . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - quentin kerr , email : qkerr @ maths . uq . edu . au room : 67 - 622 tel : ( 07 ) 33461428 department of mathematics , the university of queensland - engy . pdf | 0 |
Subject: elena chilkha please fill - out the evaluation sheets on elena chilkina . thanks sorry i didn ' t includ the evalutation form . | 0 |
Subject: prof . carmona yannis , i have looked at the outline of the proposed course and find that practically all the topics of the program are the staple of what we do every day . i don ' t think research should spend money for this class . if we want to establish a relationship , we can easily do it by asking him to work on a research project . vince | 0 |
Subject: my new email address hello - please note that i have a new email address : alamonsoff @ riskwaters . com ? also , if you have not already submitted a copy of your presentation for the financial mathematics training course , please let me know the status asap and if you are planning either to bring copies with you to the course or if you will be submitting a copy to me . if you plan on bringing copies , please note to bring 40 copies . ? ? regards , amy lamonsoff training course coordinator | 0 |
Subject: re : fed ex from iris molly , yes , march 1 would work . vince enron north america corp . from : molly magee 01 / 16 / 2001 03 : 36 pm to : vince j kaminski / hou / ect @ ect cc : subject : fed ex from iris just checking to be sure you ' re okay with a march 1 start date for iris ? molly - - - - - - - - - - - - - - - - - - - - - - forwarded by molly magee / hou / ect on 01 / 16 / 2001 03 : 35 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : " iris mack " 01 / 16 / 2001 03 : 13 pm to : molly . magee @ enron . com , vince . j . kaminski @ enron . com cc : subject : fed ex from iris hi , thanks for the fed ex with the offer letter , and other pertinent information about enron . i have signed the letter and returned it to you , along with a couple of other forms . you should receive these documents via fed ex on tomorrow morning . because i have to tie up a few loose ends here in california , i won ' t be able to start until march lst . i hope that is okay . thanks so much . regards , iris get your free download of msn explorer at http : / / explorer . msn . com | 0 |
Subject: re : var model - some questions i know nothing about this . since neither research nor energydesk know about it , all we can do is collect their requirements and provide what they ' re looking for as a new project . this will require vince ' s input since we ' ll essentially be sending research models to the outside world . steve sharad agnihotri 27 / 02 / 2001 14 : 48 to : steven leppard / lon / ect @ ect cc : subject : var model - some questions steve , do you know anything about this ? sharad - - - - - - - - - - - - - - - - - - - - - - forwarded by sharad agnihotri / lon / ect on 27 / 02 / 2001 14 : 48 - - - - - - - - - - - - - - - - - - - - - - - - - - - andreas lorenz 27 / 02 / 2001 14 : 01 to : sharad agnihotri / lon / ect @ ect cc : subject : var model - some questions hi sharad , could you please have a look at below var model - the dll file should have been provided by research ( if some time back . . . ) can you provide any information re what and how it does it ? underlying assumptions ? shortfalls ? many thanks for your help ! cheers , | 0 |
Subject: ( no subject ) dear dr . kaminski : i am sending the attached letter and a copy of my resume for my application as a summer intern at enron at the suggestion of my father edward kao . if you need additional information , please feel free to contact me . sincerely , candice kao p . s . i am sending a hardcopy of my letter and resume to you today . thank you once again . - letter to kaminski . zip | 0 |
Subject: meetings with petronas on february 8 th good morning all : the petronas meetings and presentations will be in eb 3321 on the 8 th . thanks ! shirley - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 01 / 11 / 2001 09 : 11 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 01 / 08 / 2001 12 : 06 pm to : rick buy / hou / ect @ ect , david port / market risk / corp / enron @ enron , john l nowlan / hou / ect @ ect , jeffrey a shankman / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect subject : re : meeting on feb 8 , 2001 fyi . this is the list of the petronas executives visiting enron on feb 8 . i have invited them to lunch . would you like to join me for lunch . i would like to propose a short courtesy meeting at 10 with jeff / john ( 5 - 10 minutes ) , followed by rac / research presentation till 11 : 30 . vince p . s . i shall reserve a conference room for this meeting - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 08 / 2001 10 : 02 am - - - - - - - - - - - - - - - - - - - - - - - - - - - azminab @ petronas . com . my on 01 / 07 / 2001 06 : 37 : 33 pm to : vince . j . kaminski @ enron . com , shirley . crenshaw @ enron . com , khairuddinbmjaafar @ petronas . com . my cc : subject : re : meeting on feb 8 , 2001 dear kaminski 4 members from corporate risk management unit 1 . iqbal abdullah - general manager 2 . nur azmin abu bakar - head , risk assessment & controls 3 . zulkifli a rahim - head , risk measurement & systems 4 . adnan adams - head , special projects regards vince . j . kaminski @ enron . com on 03 / 01 / 2001 09 : 45 : 02 pm to : azminab @ petronas . com . my cc : vince . j . kaminski @ enron . com , shirley . crenshaw @ enron . com subject : re : meeting on feb 8 , 2001 dear mr . nur azmin abu bakar , thanks for your prompt reply . please , let us know how many members of your team will visit enron . i look forward to our meeting on february 8 . vince kaminski azminab @ petronas . com . my on 01 / 02 / 2001 06 : 38 : 33 pm to : vince . j . kaminski @ enron . com , khairuddinbmjaafar @ petronas . com . my , shirley . crenshaw @ enron . com cc : subject : re : meeting on feb 8 , 2001 dear kaminski , happy new year and thank you for the reply . we are honored to have lunch with you and your team however we have another appointment at 2 . 30 p . m . regards vince . j . kaminski @ enron . com on 03 / 01 / 2001 07 : 38 : 19 am to : azminab @ petronas . com . my cc : vince . j . kaminski @ enron . com , shirley . crenshaw @ enron . com subject : meeting on feb 8 , 2001 dear sir , i would like to apologize for the delay in responding to your fax . i was on vacation for the last few days . i shall be honored to meet your delegation on thursday , february 8 at 10 : 00 a . m . please , let me know if you will be free for lunch after the meeting . vince kaminski | 0 |
Subject: vlady gorny barbara , i called vlady gorny and explained that the presentation by jorion is not offered under the umbrella of the seminar sponsored by enron and that it is a closed meeting for the school faculty . i don ' t think that enron would open its job interviews to rice observers who expressed interest and i made this comment to vlady . he is ok with this . you can let his program director know that i have explained to vlady that it is a meeting for limited audience and that he does not expect to be invited . please , let me know the details of the dinners . vince | 0 |
Subject: re : seminar on beyond ols clayton , we can offer the seminar / discussion session on monday , december 18 , at 3 : 30 . please , let me know if this would work . vince clayton vernon @ enron 12 / 07 / 2000 01 : 55 pm to : vince j kaminski / hou / ect @ ect cc : vasant shanbhogue / hou / ect @ ect subject : seminar on beyond ols vince - george is fully enthusiastic for a seminar by research on these ideas and resource tools . any afternoon is fine to him - we can probably push the time up to 3 : 00 or so so everyone who needs to cheat to get away from work early to go shopping can . clayton | 0 |
Subject: re : financial engineering associates it is the special package for options with multiple assets and options on averages . - - stinson vince j kaminski 03 / 06 / 2000 03 : 31 pm to : stinson gibner / hou / ect @ ect cc : subject : financial engineering associates stinson , what is spav ? is it the basket option model ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 03 / 06 / 2000 03 : 30 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : karla feldman 03 / 06 / 2000 01 : 50 pm to : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect cc : subject : financial engineering associates vince and stinson , i checked the file and the maintenance that automatically renews on 4 / 1 / 2000 is for the following products : all 4 of your @ global licenses spav swing i will go ahead and contact fea and see about getting the renewal invoice for these . i ' ll send it to shirley for payment once i have it . the products : @ interest , seapc , and seapp have not been on maintenance for a while . fea told us a couple of years ago i believe that they do not have maintenance available for these products any longer . so , you don ' t need to worry about cancelling @ interest . also , just fyi - your @ energy . 1 and @ energy . 2 licenses have maintenance through 10 / 20 / 2000 . if you have any questions , please let me know . otherwise , i will proceed with contacting fea about you renewal of the @ global , spav , and swing licenses . thanks , karla | 0 |
Subject: re : completion of ibuyit request for wincenty ( vince ) kaminski : eva : remedy 412144 vince , you have been approved for the technical view within ibuyit . changes will take effect on next login . thank you , sap security ( eva - from : raul davila / enron @ enronxgate on 04 / 19 / 2001 06 : 02 pm to : sap security @ enron cc : subject : re : pending approval for ibuyit request for wincenty ( vince ) kaminski : eva : remedy 412144 approved - - - - - original message - - - - - from : tow , eva on behalf of sap security sent : thursday , april 19 , 2001 5 : 39 pm to : davila , raul cc : vkamins @ enron . com ; crenshaw , shirley subject : re : pending approval for ibuyit request for wincenty ( vince ) kaminski : eva : remedy 412144 raul , raul , vince kaminiski is requesting acces to the technical view for catalog along with the ibuyit approval role . this is pending your approval . please send your response to sap security . thanks ! shirley crenshaw @ ect 04 / 19 / 2001 03 : 01 pm to : sapsecurity @ enron . com cc : vince j kaminski / hou / ect @ ect subject : ibuyit form attached please find the completed form for vince kaminski , managing director , research group . he will be approving all purchases for cost center 107043 . > - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 04 / 19 / 2001 02 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : debbie skinner / enron @ enronxgate on 04 / 19 / 2001 02 : 52 pm to : shirley crenshaw / houston / eott @ eott , shirley crenshaw / hou / ect @ ect cc : subject : ibuyit form hi shirley there were two shirleys , so sending to both > isc help desk | 0 |
Subject: re : contract update vince , if there are some differences that we need to correct , you and i can meet tomorrow when you bring the contract in . i am available anytime after lunch . please call me at x 30649 . sheila - - - - - original message - - - - - from : kaminski , vince sent : tuesday , march 06 , 2001 3 : 10 pm to : sheila walton / hou / ect @ enron cc : kaminski , vince subject : contract update sheila , some minor differences between the draft and the final executed version . i have forgotten to bring the draft today , i shall send a copy to you tomorrow . there were some hand - written changes made by greg ijn the draft that were not transferred to the final version . vince | 0 |
Subject: sas to the group : if you wish to use sas , there are a few simple things you need to do : 1 ) you need to get a unix password if you don ' t already have one ( your user id will be the same as on the nt network , but a different password is issued ) 2 ) you need a program called " exceed " on your pc . request it from it ( you already have this if you are already a user of lim on the unix platform ) 3 ) you need an " ftp " program on your pc . you can go to www . download . com and download one ( i like wsftp ) 4 ) exceed is funny in the way it runs . when you invoke exceed ( or lim advanced user ( under infobases ) if you already have this ) it will install itself the first time , and will then " disappear " to the taskbar . you need to * right * click on the taskbar on exceed , and then choose " tools " and " client startup " and then " new . " you will enter a box which should already be set for rexec and an xwindow emulation . you need to specify the host type as sun , enter your user name and password , set the host name to : capers . ect . enron . com and then , on the command line , type the following ( carefully ) : / usr / openwin / bin / xterm - display @ d then , use the file menu to save this as capers . xs and then click on the run ! menu . within a second or two , a window will open up with you logged into the serve capers . you are now on a unix server , and the directory is your home directory . from here , if you simply type " sas " the 3 windows for an interactive session with sas should open on your desktop . you are in business . 5 ) you also need to install your ftp . follow the procedures with the software , and then create a new session called " enron " where you choose as the server simply " earth " ( do not add any further descriptors such as . enron . com ) . supply your user name and * unix * password , check the " remember password " box , and the default communication setups should be correct ( eg , host type as " automatic detect " ) . when you invoke ftp and connect to enron , it will put you in your home directory on the unix system , the same directory your xwindow comes up in under exceed . if you have any problems , i ' ll be happy to help clayton ps i have a complete set of new sas manuals i am happy to loan out if you ' ll just write your name down when you take them . | 0 |
Subject: new resume dear vince , i am so grateful for your efforts . i really appreciate you taking time from your busy schedule . if you have not contacted michael maddox , it ' s even better . i have updated and re - worded my resume to better reflect my accomplishments . would you please contact michael maddox of cera and forward my resume to him ? his contact information is ( 617 ) 497 6446 or email : mmaddox @ cera . com have you had a chance to talk to david port ? maybe there are other options . i am flexible and willing to do whatever it takes . sincerely , bessik matchavariani manager enron broadband services tel : 713 . 345 . 7230 fax : 713 . 646 . 8861 bessik _ matchavariani @ enron . net | 0 |
Subject: re : enron / stanford program vince , are we on for dinner on sunday at 7 pm ? best regards , nick nick bambos wrote : > > vince , > > i have managed to change my ticket and we can meet for dinner on sunday 10 / 15 / 00 . > shall we say at 7 pm ? > > > > > > giuseppe : can you please join us for dinner on sunday 10 / 15 . we ' d like to briefly > discuss the project too . could i please ask you to make reservations for 3 at > il fornaio or some other nice place in palo alto ? preferably a quiet place where > we can talk . > thanks , > > nick > > vince . j . kaminski @ enron . com wrote : > > > > nick , > > > > dinner on sunday would work for me . i shall stay > > in the bay area till monday morning . > > > > vince > > > > nick bambos on 09 / 28 / 2000 08 : 33 : 38 pm > > > > to : vince . j . kaminski @ enron . com > > cc : > > subject : re : enron / stanford program > > > > hi vince , > > > > i am on the technical program committee of the infocom 2001 conference , > > and we are meeting in new york city on saturday , october 14 th , to select > > papers for the conference program . i ' m leaving stanford on friday and > > getting back on sunday . > > > > it might be a possibility to have dinner together on sunday , if that would > > work for you . in that case i would have to reschedule my flight to land > > in sfo earlier than i ' m currently scheduled to land . > > > > would dinner on sunday work for you ? any chance we can meet monday for > > lunch ? > > > > i look forward to seeing you . > > > > best regards , > > > > nick > > > > vince . j . kaminski @ enron . com wrote : > > > > > > nick , > > > > > > i shall be in stanford oct 14 - 15 , visiting my family . > > > i would be glad to meet you ( and possibly giuseppe - your call ) for > > lunch . > > > please , let mer know if you are free on one of these days . saturday would > > > work better for me . > > > > > > vince > > > > > > nick bambos on 09 / 21 / 2000 02 : 09 : 46 pm > > > > > > to : stinson . gibner @ enron . com > > > cc : vince . j . kaminski @ enron . com > > > subject : re : enron / stanford program > > > > > > stinson , > > > > > > great ! i ' m looking forward to a very productive collaboration . > > > i ' ll immediately start doing giuseppe ' s papers , for him to work > > > on the enron / stanford program . > > > > > > many thanks to you and vince , and i hope to see you soon at stanford > > > or enron . if i remember correctly , vince is visiting stanford in > > > october . > > > > > > best regards , > > > > > > nick > > > > > > stinson . gibner @ enron . com wrote : > > > > > > > > nick , > > > > > > > > i spoke with paul racicot , head of trading for ebs , north america this > > > > morning . he said that he is happy to send the $ 100 , 000 for your > > program > > > > from his budget . i have forwarded to him the draft letter to > > accompany > > > > the funds and will try to follow up to make sure that the money is sent > > > > promptly . > > > > > > > > - - stinson | 0 |
Subject: july conference on real options please find attached the programs for two back - two - back conferences on real options at cambridge university in uk . the two conferences are separate but complementary events . the first conference , co - sponsored with andersen consulting and morgan stanley dean witter , on july 5 - 6 , is a professional conference on real options valuation in the information economy : internet / high - tech / telecom , r & d / pharma , energy . for info . and online registration see www . rogroup . com . the second is the 4 th annual international conference on real options : theory meets practice ( the annual industry event where academics and practitioners get together to share the latest developments on theory and applications ) , co - organized with u . cambridge on july 7 - 8 . for info . and online registration see www . realoptions . org among the two events , we are pleased to present an extensive array of practitioner and academic presentations , sharing of experiences by corporate executives , and panel discussions by experts from leading organizations and universities . our keynote speaker this year will be myron s . scholes , co - developer of the black - scholes option valuation . interested participants must register for the conference ( preferably on line ) and indicate hotel preferences ( among 5 - 6 hotels ) by june 15 ( latest ) . we look forward to seeing you at this exciting event , and would appreciate if you share this with interested colleagues . - camjuly 2000 profconference . doc - conf 4 program . doc | 0 |
Subject: capa 2000 conference vince and stinson , alex and i attended the international chinese petroleum and petrocehmical technology conference in houston . we presented two talks 1 ) risk management in petroleum industry and 2 ) real option valuation of oil field . the section chairman said our talks were the high moments in the business session . there were several interesting talks in the business section . i am going to get a copy of the presentation on internet opportunity in energy trading , where the author did a study about all energy trading sites including enrononline . a talk from a gentleman working for costal ( used to be pal of song yip ) on real assets management is also very informative . a talk about using real option theory for it managenet was also interesting . big players , exxonmobil , shell , taxco , and bp have strong presence in the conference . i made a copy for you of the keynote speech by bob gee , the assistant energy secretary under clinton administration about the energy outlook . zimin | 0 |
Subject: proposal submission francois and kent , hope this proposal reaches you in time for consideration for the upcoming fma - european meeting . i normally don ' t like to commit myself to a proposal but in this case i ' m very comfortable doing so in light of the status of the project . as you will see this " clinical " paper is a study of strategy formulation in a very innovative company that uses financial derivatives in conjunction with real asset investments . the firm , enron , has been the most innovative company in america for more than five years now and has expanded its strategy abroad . we have the unique opportunity to document the firm ' s strategy from the inside with my co - authors being members of the corporate research staff that manage the pricing of the energy derivatives in which the firm makes a market , as well as provide the analysis upon which firm risk positions are managed . although , specific enron projects have been documented and published , noone has captured the story of the company visionaries that formulated and executed the firm ' s business strategy . of course , what makes the story of particular interest to finance scholars is the fact that the strategy hinges in very important ways on financial innovations . this is going to be a very informative and fun story to tell and i hope to bring along my colleagues from enron to paris for the meeting . thanks for asking me to join the program advisory board and i look forward to your comments on the attached proposal . sincerely yours , john - enron transformation paper . doc john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html | 0 |
Subject: re : weatherdelta demonstration scheduling alex , i agree . let them make up the data . please , ask shirley to determine convenient date and time . vince alex huang @ enron 11 / 01 / 2000 03 : 59 pm to : vince j kaminski / hou / ect @ ect , joseph hrgovcic / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , lance cunningham / na / enron @ enron , sevil yaman / corp / enron @ enron , stinson gibner / hou / ect @ ect cc : subject : re : weatherdelta demonstration scheduling hi all , i got the following reply from mike denton . can you let me know what time is most convenient for you so i will arrange a time for the presentation ? i don ' t think we should provide them any data , unless you think otherwise . alex - - - - - - - - - - - - - - - - - - - - - - forwarded by alex huang / corp / enron on 11 / 01 / 2000 03 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - denton mike on 11 / 01 / 2000 03 : 05 : 48 pm to : alex . huang @ enron . com cc : subject : re : weatherdelta demonstration scheduling mr . huang , we would be happy to demonstrate the features and functionality of the weatherdelta tool set for your team at enron . early next week ( tuesday or wednesday ) are both possible , as well as early the following week . the demonstration can take 90 minutes or more , depending on the number of questions and the level of detail . ideally , you could provide us with some of your data and we could demonstrate how to value a full - requirements contract to service that particular load . to do this we will need one or more years of hourly consumption data , and the general location of the load . ideal data formats are csv files of either 365 rows x 25 columns ( date , hrl , hr 2 . . ) or 8760 rows x 3 columns ( date , hr , load ) . in lieu of using your data , we will provide sample load data . please feel free to call me and we can discuss schedules and the particulars of the product overview and demonstration . thank you for your interest , michael j . denton vp na strategic consulting caminus corporation 212 - 515 - 3667 | 0 |
Subject: re : time keeping what about me ! i may need this in the future . . . . - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 03 / 21 / 2000 08 : 12 am - - - - - - - - - - - - - - - - - - - - - - - - - - - shirley crenshaw 03 / 21 / 2000 07 : 27 am to : brad mcsherry / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , william smith / corp / enron @ enron , kevin g moore / hou / ect @ ect subject : re : time keeping hi brad : i am it for our group ! however , it might be a good idea to train sam smith also . please let us know . thanks ! shirley 3 - 5290 from : brad mcsherry on 03 / 20 / 2000 05 : 38 pm to : lydia cannon / hou / ect @ ect , rosalinda resendez / hou / ect @ ect , donna baker / hou / ect @ ect , shirley crenshaw / hou / ect @ ect cc : subject : time keeping lydia / rosie / donna / shirley , we are looking to implement sap hr by 7 / 1 / 00 . there is a time keeping module in the program . please send me a list of the time keepers for your groups . do not forget to send your own name if you keep time . time keepers will be contacted in the near future for training on the new system . thank you for your help , brad | 0 |
Subject: re : hi ! - - - - - - - - - - - - - - - - - - - - - - forwarded by pinnamaneni krishnarao / hou / ect on 04 / 05 / 2001 03 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " jeff fleming " on 04 / 05 / 2001 03 : 24 : 25 pm please respond to to : cc : subject : re : hi ! one other person that i forgot to mention - - praveen kumar . i don ' t know exactly what he does , mostly theory stuff i guess . any way , he is also really good and highly respected in the profession ; probably ranks right up there with ( but second to ) bong - soo . jeff jeff fleming associate professor jones graduate school of management - - ms 531 rice university 6100 main street houston , tx 77005 713 / 348 - 4677 ( voice ) 713 / 348 - 5251 ( fax ) http : / / www . ruf . rice . edu / ~ jfleming | 0 |
Subject: restricted list neither ena / rac / egf employees nor family members or others living in their household or financially dependent on the ena / rac / egf employee may purchase or sell securities of any entity ( or derivatives thereof ) listed on the restricted list for your or their personal or related accounts or recommend the purchase or sale of such securities to any person , except with the prior approval of the compliance department in consultation with the ena legal department . in addition to the trading restrictions above , should you at any time possess non - public material information about any public company , you , your family members and anybody that is financially dependent on you , are restricted from trading in that issue , and you may not disclose the non - public material information to anyone that does not have a business need to know . company name stock symbol 3 tec energy corp . tten active power acpw adrian resources adrrf beau canada exploration ltd bau cn belco oil & gas corporation bog bonus resource services corp bou brigham exploration bexp canfibre group ltd . cfgl carrizo oil & gas inc . crzo costilla energy cose crown energy croe cynet , inc . cyne cypress energy cyz esenjay exploration esnj firstworld communications inc . fwis hanover compressor co . hc ice drilling enterprises inc . idf industrial holdings , inc . ihii inland resources , inc . inln kafus environmental industries , inc . ks nakornthai strip mill public co ltd nsm set paladin resources plc plr ld paradigm geophysical pgeof place resources , inc . plg cn quanta services inc . pwr queen sand resources , inc . qsri quicksilver resources inc . kwk saxon petroleum , inc . sxn cn southwest royalties swroy startech seh cn syntroleum corp . synm tejon ranch corp . trc tetonka drilling tdi transcoastal marine services , inc . tcms the restricted list is solely for the internal use of ena / rac / egf . no one may engage in discussions regarding whether a security is or is not on the restricted list with persons outside ena / rac / egf without specific clearance from the compliance department in consultation with the ena legal department . in addition to the above , you are reminded that pursuant to enron corp . ' s risk management policy ( " policy " ) , no ena / rac / egf employee may engage in the trading of any " position " ( " position " means any commodity , financial instrument , security , equity , financial asset or liability that are authorized for trading in the policy for the benefit of any party other than ena / rac / egf , whether for his / her own account or the account of any third party , where such position relates to ( i ) any commodity , financial instrument , security , equity , financial asset or liability which falls within such employee ' s responsibility at ena / rac / egf or ( ii ) any energy commodity . the prohibitions listed above do not replace or modify the policies set forth in ena ' s policies and procedures regarding confidential information and securities trading , enron corp . ' s risk management policy , or enron corp . ' s conduct of business affairs . should you have any questions regarding the above , please contact me at ext . 31939 . | 0 |
Subject: re : lloyd , i think that we can arrange a few video conference meetings instead . i don ' t see a justification for extending the stay over the weekend if we have an alternative solution . vince enron capital & trade resources corp . - europe from : lloyd fleming 07 / 06 / 2000 12 : 37 pm to : vince j kaminski / hou / ect @ ect cc : maureen raymond / hou / ect @ ect subject : vince i met maureen yesterday and had a useful discussion on her role within enron . i think it would be very helpful to promote the research group function of the company , particularly given maureen ' s background , if she could be introduced to some of the main traders down at mg . unfortunately she won ' t have time to meet with mg unless we can schedule some meetings on monday . would you be happy for her to extend her stay here till monday to allow the meetings to take place ? regards | 0 |
Subject: re : grant masson fyi . i shall not be surprised if grant knock on our door again in a few weeks . i told him he could not count on the same generous treatment he got the first time . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 08 / 2001 08 : 16 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " grant masson " on 01 / 07 / 2001 06 : 43 : 08 pm to : cc : subject : re : grant masson dear vince : ? after a very great deal of thought , i have decided to stick it out with el paso . ? please be assured that this exercise was not a " fishing expedition " to extract concessions from el paso . ? rather , it is simply that , although i continue to harbor doubts about some of el paso ' s methods and about the people running the business , i have concluded that two months is not enough time to fully judge the company . ? i feel that i have not yet given el paso ( or myself for that matter ) a fair chance . ? after all , if i disagree with the way the business is run , i should regard that as an opportunity to effect changes and not an excuse to run away . ? please extend my sincerest thanks and apologies to all those who worked so hard over the holidays to produce the offer : david oxley , sheila walton , and especially norma villarreal . ? and thanks also to you vince for your patience , humor , and good advice . ? as i ' ve said before , i consider it an honor to be able to call you a colleague and friend . ? with best regards , grant . | 0 |
Subject: california update 5 / 22 / 01 please treat as confidential a source had a meeting today with california state treasurer phil angelides . here are the main points from their conversation 1 . anglelides certain that socal will go bankrupt corroborating our line over the past four months , anglelides stated with confidence that socal would go bankrupt and that " he was surprised they hadn ' t already . " he noted that the only reason they haven ' t yet is that " they were too stupid to ring - fence the parent " and that " their two biggest equity holders were screaming not to do it . " he added that the davis / socal mou is dead and that all the " plan b ' s " are " speculative " at best . he also thought that socal was being " naive if they thought they would get a better deal from the legislature than from the bankruptcy court . " 2 . bond issuance - $ 12 b not enough angelides conceded that a $ 12 b bond issue would not be enough to buy power for the summer and that the true costs would probably be $ 18 - 24 b . the only reason they didn ' t issue more is that angelides felt that " $ 12 b was all the market could handle . " the current game plan for bonds assumes an average peak price for power of $ 400 / mwh , which angelides said explains the difference between his estimates and the higher estimates from state comptroller ' s kathleen connell ' s office . 3 . new generator construction anglelides was explicit that the california public power authority ( authorized by the legislature last week ) will " build plants and not stop until we [ california ] has a 10 - 15 % capacity cushion above expected demand . angelides expects the state to be " 5 - 10 % short on power all summer . " | 0 |
Subject: re : sddp tom , can you send the info regarding sddp to john ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 07 / 28 / 2000 10 : 52 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 07 / 19 / 2000 06 : 41 pm to : " o ' brien john " @ enron cc : vince j kaminski / hou / ect @ ect subject : re : sddp john , i shall e - mail the information about sddp from houston . vince " o ' brien john " on 07 / 18 / 2000 01 : 47 : 41 am to : vkamins @ enron . com cc : subject : sddp vincent , you kindly suggested that i email you with regard to some information you have on the sddp system ( i ' m not sure if i ' ve got the abbreviation correct , but it ' s something that is currently used in south america ) . your presentation was very interesting and informative . kind regards , john o ' brien manager , treasury & risk management snowy hydro trading pty ltd level 17 , bligh house 4 bligh street sydney nsw 2000 | 0 |
Subject: re : comments fyi . - - - - - - - - - - - - - - - - - - - - - - forwarded by rakesh bharati / na / enron on 03 / 27 / 2001 07 : 43 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - sheridan titman on 03 / 27 / 2001 06 : 46 : 31 pm to : rakesh . bharati @ enron . com cc : subject : re : comments rakesh : thanks for your input . they are quite useful for helping me clarify my own thinking . the following are my responses to your comments and clarifications . the * * ed paragraphs are from me and the others are from you . 1 . the money is being set aside to avoid negative values . it is not clear if you mean the values of the cash flow or the pv at the node . anyhow , we shall be setting aside money not just for that specific node but all nodes at that cross - section of time as the risk - free asset pays in all states of nature . this will have to be done every time there is a negative realization . thus , for the typical project we have , the value of risk capital may be extremely high , as we are not following a tail - based norm anymore . * * i agree that this is confusing and needs further refinement . i do this because i have some concerns about discounting negative cash flows , ( this is discussed in my first memo ) . this clearly provides a conservative estimate of firm value , and a measure of risk capital that is too high . from the perspective of evaluating the appropriate level of risk capital , it is sufficient that enough capital be employed so that the pv at each node is positive . also , one might want to set the level so that the pv is positive in say 98 % of all nodes . 2 . your memo appears to suggest that debt capacity is contingent on all values being positive . if so , we are only issuing risk - free debt . also , a project with a single negative value at each cross - section of time will not have a positive debt capacity . * * again , this is a very conservative initial estimate . when the model is refined , you probably want to define debt capacity so that the project defaults a certain percent of the time . 3 . it seems that our optimization argument is the discount rate , which is obtained in each step from the comparison investment ( by equating the variances ) . it is not clear if changing the discount rate will have such an effect on the project variance so as to lead to a global convergence . * * i am not assuming that the change in the discount rate has a major effect on volatility . in fact , i think the process requires only one iteration when the volatility is independent of the discount rate . again , the idea is that we calculate the volatility of the project ' s value calculated with an initial discount rate . using the calculated volatility and the stock of a comparison firm , calculate a more appropriate discount rate . if the volatility of the project ' s value is not affected by the change in discount rates then we are done . if , however , the change in discount rates changes volatility , then we may have to iterate . let me know if this makes sense . * * also , our project has a finite life and the market - based assets will have infinite lives . in the light of this fact , how will we define the relevant variance ? is it the spot variance of the returns of the comparison investment ? * * this is a good point . i was thinking in terms of the average variance , but this may not be correct . actually , we know that this is just an approximation and we need to think about whether or not it is a good approximation . typically , firms tend to ignore issues relating to the duration of their project cash flows when they determine discount rate , which clearly does not make sense . this requires some additional thought . * * 4 . finally , our criterion is to subtract from the average pv the investment and also the risk capital . setting risk capital to zero , this model closely resembles the intuitive present value criterion and endogenously determines the discount rate . * * this is correct . my goal was to come up with something that was closely related to what you are already doing but which gives you some insight into how to define risk capital and the appropriate discount rate . there are a number of ways that we can refine and improve this procedure . what we need to first consider is whether or not the basic approach makes sense for the kind of projects that you are evaluating . * * gas field case to facilitate your thinking , we are providing a gas field example below . we invest x million dollars to buy and develop a gas field . a profile of expected production and variance of the production per year is available from the engineers at the beginning . production will be autocorrelated , as the profile will shift up or down based on the actual gas reserves being more or less than the estimated reserves . we assume the life of the field to be 10 years with no salvage value . there are fixed and variable operating costs . it might be useful for you to think about applying the framework to this problem . * * this problem is probably pretty straightforward because it is unlikely that the cash flows will be negative once the gas field is producing . hence , there is no need to be concerned about risk capital ( other than the x million dollars to buy and develop the property ) . to value the property assuming all - equity financing we calculate the value process of the developed project and compare its volatility to a comparison investment whose value process is observable ( e . g . , a traded mlp ) . the risk - adjusted return of the comparison investment would then be used to discount the cash flows of the gas field . please note that this procedure requires relatively strong assumptions and calculating the risk - adjusted return on the comparison investment is not necessarily straightforward . * * let me know when you would like to discuss this . * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * on another topic , is it possible for you to give me information about one case where enron bought or sold a base load power plant , where the purchaser financed the transaction with non - recourse debt . we would like the following information : 1 . the value of the power plant ( or purchase price ) 2 . the amount of debt financing and the terms of the debt contract . 3 . some information about the pricing of gas - power swaps and options . about a year ago i gave vince a paper which develops a pricing model for project debt . i don ' t think he thought that it could be implemented on the type of projects that enron finances . however , my coauthors would like to try applying the model for one case study . let me know when you want to discuss these issues . thanks , sheridan sheridan titman department of finance college of business administration university of texas austin , texas 78712 - 1179 512 - 232 - 2787 ( phone ) 512 - 471 - 5073 ( fax ) titman @ mail . utexas . edu | 0 |
Subject: garp fas 133 training garp philip merrill 973 - 258 - 1540 garpnyl @ home . com may 19 , 2000 for immediate release garp announces fas 133 training series garp , the global association of risk professionals , today announces that they will present a series of training sessions to educate the public about fas 133 accounting for derivative and hedging instruments . the standard has been changed and amended significantly in the last two years . this program is being offered because garp recognizes the need to educate the public as to the implications of this complex and significant financial reporting requirement . the series will consist of basic training sessions and an advanced seminar . garp members philip merrill and benton brown will present the basic training sessions . fasb staff members , legal , tax and technology specialists will join mr . merrill and mr . brown at an advanced seminar scheduled for july . the basic training sessions will update participants as to the definition of a derivative , cash flow hedging , fair value hedging , foreign exchange hedging , and elements of implementation . this course will cover the prerequisites for successful participation in the advanced seminar . the basic will also help facilitate participation in the garp fas 133 sessions . the first basic training seminar will be held june 28 , 2000 at the new york society of security analysts headquarters in the world trade center . registration and other detailed information are available from philip merrill at garpnyl @ home . com , or on www . garp . com . the advanced seminar will cover more complex issues relating to fasb staff accounting interpretations , tax , legal and technology implications and advanced risk management tools and techniques . participants in the advanced seminar should have mastered the content of the basic training session . the following people should attend : risk managers , accountants , auditors , lawyers , tax specialists , credit , compliance , technology and other risk professionals . | 0 |
Subject: mid - year 2000 performance feedback note : you will receive this message each time you are selected as a reviewer . you have been selected to participate in the mid - year 2000 performance management process by providing meaningful feedback on specific employee ( s ) that have been identified for you . your feedback plays an important role in the performance management process , and your participation is very critical to the success of enron ' s performance management goals . please provide feedback on the employee ( s ) listed below by accessing the performance management system ( pep ) and completing an online feedback form as described in the " performance management quick reference guide " . you may begin your feedback input immediately . please have all feedback forms completed by the date noted below . if you have any questions regarding pep or your responsibility in the process , please call the pep help desk at the following numbers : in the u . s . : 1 - 713 - 853 - 4777 , option 4 in europe : 44 - 207 - 783 - 4040 , option 4 in canada : 1 - 403 - 974 - 6724 ( canada employees only ) or e - mail your questions to : perfmgmt @ enron . com thank you for your participation in this important process . the following list of employees is a cumulative list of all feedback requests , by operating company , that have an " open " feedback status . an employee ' s name will no longer appear once you have completed the feedback form and select the " submit " button in pep . review group : enron feedback due date : jun 16 , 2000 employee name supervisor name date selected - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ahmad , anjam dale surbey may 22 , 2000 vernon , clayton j vasant shanbhogue may 26 , 2000 zipter , rudi c theodore r murphy may 25 , 2000 | 0 |
Subject: re : new color printer this is the color printer that is being ordered . here is the info . that i needed . thanks kevin moore - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 14 / 99 08 : 19 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron technology from : lyn malina 12 / 14 / 99 08 : 09 am to : kevin g moore / hou / ect @ ect cc : subject : re : new color printer kevin : the color printer we currently order is the 4500 n for $ 2753 . 00 . please let me know if this is the one you would like to order . thanks lyn kevin g moore 12 / 14 / 99 06 : 29 am to : lyn malina / hou / ect @ ect cc : subject : new color printer - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 14 / 99 06 : 29 am - - - - - - - - - - - - - - - - - - - - - - - - - - - kevin g moore 12 / 14 / 99 06 : 27 am to : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ ect cc : subject : new color printer we are in need of a new color printer . we are also in the process of moving to the 19 th floor . we need the color printer a . s . a . p . if you would please , i need information concerning this matter whereby , we can get the printer ordered and delivered to our new location . thanks kevin moore | 0 |
Subject: publishable research . . . . . . vince : the enclosed is from another of the people in the audience of my kao presentation . i talked to him , and he seemed slightly flaky . however , any research he does would be free . he ' s looking for direction . i doubt we would want to waste our time and effort on him , but i thought i should send this to you on the off chance that you might have a need for such a guy . ( maybe doing some research for trish ? ) grant . - - - - - - - - - - - - - - - - - - - - - - forwarded by grant masson / hou / ect on 04 / 25 / 2000 05 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - steve j on 04 / 22 / 2000 10 : 02 : 11 pm to : grant masson cc : subject : publishable research . . . . . . hi grant , thanks for writing . i have attached my resume and transcripts for your perusal . as you can see , my background is not finance . i became interested in finance via trading the markets . so my research interests initially revolved around the central concept of trading . . . . pricing , technical type thinking , insider transactions , volume , and such . but with exposure , my interests have grown and i have discovered that i really enjoy economics . also there are many issues in finance that sound interesting as i am exposed to them . the point is , i am too early in my career to set strict limits on my interests . my goals are to get introduced to research and to new ideas , to associate with good people , and to work on strengthening my weaknesses . i am interested in starting to build a network within the field of finance and especially quantitative finance . ultimately , i have to prepare myself for independent research in order to succeed in my field . this brings me to my final point . publications are important for me . thus i would want to work on topics that enron would be willing to publish . i would be willing to work on proprietary models , as long as there was a portion of the research that could be written up for publication without jeapordizing the proprietary aspects of the model . just to let you know . i was not in dr . kao ' s energy class . i took his stochastic processes class . dr . kao just mentioned your talk to me as he thought i might be interested in meeting you and learning more about what is being done at enron . thanks again . if you need any more info or want anything clarified , just write me . steve - - - grant masson wrote : > > > steve : > > send me your resume and research interests , and i will > circulate them . > > regards , > grant . > > > = = = = = i believe in a free internet ! ! ! more importantly , i believe in a safe , secure and private internet ! ! do you yahoo ! ? send online invitations with yahoo ! invites . http : / / invites . yahoo . com - r _ t 2 . 1 . doc | 0 |
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