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Subject: pdo index update - - - - - - - - - - - - - - - - - - - - - - forwarded by mike a roberts / hou / ect on 08 / 09 / 2000 03 : 18 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - nathan mantua on 08 / 09 / 2000 03 : 10 : 00 pm to : undisclosed - recipients : ; cc : ( bcc : mike a roberts / hou / ect ) subject : pdo index update pdo index values are now updated through july 2000 . note that the january and february 2000 values have changed a bit from the last update , and this is due to changes in the reynolds optimally interpolated sst data from which this pdo index is calculated . my next update will be in november . year jan feb mar apr may jun jul 2000 - 1 . 99 - 0 . 82 0 . 29 0 . 35 - 0 . 05 - 0 . 43 - 0 . 66 the full data series is available via the web at url : best wishes , nate mantua pdo index updated standardized values for the pdo index , derived as the leading pc of monthly sst anomalies in the north pacific ocean , poleward of 20 n . the monthly mean global average sst anomalies are removed to separate this pattern of variability from any " global warming " signal that may be present in the data . for more details , see : zhang , y . , j . m . wallace , d . s . battisti , 1997 : enso - like interdecadal variability : 1900 - 93 . j . climate , 10 , 1004 - 1020 . mantua , n . j . and s . r . hare , y . zhang , j . m . wallace , and r . c . francis , 1997 : a pacific interdecadal climate oscillation with impacts on salmon production . bulletin of the american meteorological society , 78 , pp . 1069 - 1079 . ( available via the internet at url : data sources for this index are : ukmo historical sst data set for 1900 - 81 ; reynold ' s optimally interpolated sst for january 1982 - latest missing value flag is - 9999 year jan feb mar apr may jun jul aug sep oct nov dec 1900 0 . 04 1 . 32 0 . 49 0 . 35 0 . 77 0 . 65 0 . 95 0 . 14 - 0 . 24 0 . 23 - 0 . 44 1 . 19 1901 0 . 79 - 0 . 12 0 . 35 0 . 61 - 0 . 42 - 0 . 05 - 0 . 60 - 1 . 20 - 0 . 33 0 . 16 - 0 . 60 - 0 . 14 1902 0 . 82 1 . 58 0 . 48 1 . 37 1 . 09 0 . 52 1 . 58 1 . 57 0 . 44 0 . 70 0 . 16 - 1 . 10 1903 0 . 86 - 0 . 24 - 0 . 22 - 0 . 50 0 . 43 0 . 23 0 . 40 1 . 01 - 0 . 24 0 . 18 0 . 08 - 0 . 03 1904 0 . 63 - 0 . 91 - 0 . 71 - 0 . 07 - 0 . 22 - 1 . 53 - 1 . 58 - 0 . 64 0 . 06 0 . 43 1 . 45 0 . 06 1905 0 . 73 0 . 91 1 . 31 1 . 59 - 0 . 07 0 . 69 0 . 85 1 . 26 - 0 . 03 - 0 . 15 1 . 11 - 0 . 50 1906 0 . 92 1 . 18 0 . 83 0 . 74 0 . 44 1 . 24 0 . 09 - 0 . 53 - 0 . 31 0 . 08 1 . 69 - 0 . 54 1907 - 0 . 30 - 0 . 32 - 0 . 19 - 0 . 16 0 . 16 0 . 57 0 . 63 - 0 . 96 - 0 . 23 0 . 84 0 . 66 0 . 72 1908 1 . 36 1 . 02 0 . 67 0 . 23 0 . 23 0 . 41 0 . 60 - 1 . 04 - 0 . 16 - 0 . 41 0 . 47 1 . 16 1909 0 . 23 1 . 01 0 . 54 0 . 24 - 0 . 39 - 0 . 64 - 0 . 39 - 0 . 68 - 0 . 89 - 0 . 02 - 0 . 40 - 0 . 01 1910 - 0 . 25 - 0 . 70 0 . 18 - 0 . 37 - 0 . 06 - 0 . 28 0 . 03 - 0 . 06 0 . 40 - 0 . 66 0 . 02 0 . 84 1911 - 1 . 11 0 . 00 - 0 . 78 - 0 . 73 0 . 17 0 . 02 0 . 48 0 . 43 0 . 29 0 . 20 - 0 . 86 0 . 01 1912 - 1 . 72 - 0 . 23 - 0 . 04 - 0 . 38 - 0 . 02 0 . 77 1 . 07 - 0 . 84 0 . 94 0 . 56 0 . 74 0 . 98 1913 - 0 . 03 0 . 34 0 . 06 - 0 . 92 0 . 66 1 . 43 1 . 06 1 . 29 0 . 73 0 . 62 0 . 75 0 . 90 1914 0 . 34 - 0 . 29 0 . 08 1 . 20 0 . 11 0 . 11 - 0 . 21 0 . 11 - 0 . 34 - 0 . 11 0 . 03 0 . 89 1915 - 0 . 41 0 . 14 - 1 . 22 1 . 40 0 . 32 0 . 99 1 . 07 0 . 27 - 0 . 05 - 0 . 43 - 0 . 12 0 . 17 1916 - 0 . 64 - 0 . 19 - 0 . 11 0 . 35 0 . 42 - 0 . 82 - 0 . 78 - 0 . 73 - 0 . 77 - 0 . 22 - 0 . 68 - 1 . 94 1917 - 0 . 79 - 0 . 84 - 0 . 71 - 0 . 34 0 . 82 - 0 . 03 0 . 10 - 0 . 22 - 0 . 40 - 1 . 75 - 0 . 34 - 0 . 60 1918 - 1 . 13 - 0 . 66 - 1 . 15 - 0 . 32 - 0 . 33 0 . 07 0 . 98 - 0 . 31 - 0 . 59 0 . 61 0 . 34 0 . 86 1919 - 1 . 07 1 . 31 - 0 . 50 0 . 08 0 . 17 - 0 . 71 - 0 . 47 0 . 38 0 . 06 - 0 . 42 - 0 . 80 0 . 76 1920 - 1 . 18 0 . 06 - 0 . 78 - 1 . 29 - 0 . 97 - 1 . 30 - 0 . 90 - 2 . 21 - 1 . 28 - 1 . 06 - 0 . 26 0 . 29 1921 - 0 . 66 - 0 . 61 - 0 . 01 - 0 . 93 - 0 . 42 0 . 40 - 0 . 58 - 0 . 69 - 0 . 78 - 0 . 23 1 . 92 1 . 42 1922 1 . 05 - 0 . 85 0 . 08 0 . 43 - 0 . 19 - 1 . 04 - 0 . 82 - 0 . 93 - 0 . 81 0 . 84 - 0 . 60 0 . 48 1923 0 . 75 - 0 . 04 0 . 49 0 . 99 - 0 . 20 0 . 68 1 . 16 0 . 84 - 0 . 24 1 . 10 0 . 62 - 0 . 36 1924 1 . 29 0 . 73 1 . 13 - 0 . 02 0 . 36 0 . 75 - 0 . 55 - 0 . 67 - 0 . 48 - 1 . 25 0 . 24 0 . 11 1925 - 0 . 05 - 0 . 14 0 . 20 0 . 86 0 . 79 - 1 . 08 - 0 . 06 - 0 . 86 0 . 52 0 . 04 0 . 88 1 . 19 1926 0 . 30 0 . 98 - 0 . 50 2 . 10 1 . 43 2 . 03 1 . 05 1 . 64 1 . 18 1 . 65 1 . 00 1 . 06 1927 1 . 07 1 . 73 0 . 15 - 0 . 18 0 . 30 0 . 69 - 0 . 31 - 0 . 73 - 0 . 41 - 0 . 62 - 0 . 07 0 . 07 1928 0 . 96 0 . 79 0 . 52 0 . 81 0 . 66 0 . 15 0 . 30 - 0 . 72 - 1 . 41 - 1 . 31 0 . 14 0 . 98 1929 0 . 97 0 . 52 0 . 50 0 . 55 1 . 07 0 . 50 - 0 . 06 - 0 . 69 0 . 45 - 0 . 21 1 . 24 - 0 . 03 1930 0 . 97 - 1 . 06 - 0 . 43 - 0 . 70 0 . 06 0 . 58 - 0 . 45 - 0 . 53 - 0 . 20 - 0 . 38 - 0 . 31 1 . 20 1931 0 . 08 1 . 56 1 . 13 1 . 28 1 . 66 0 . 39 1 . 49 0 . 02 - 0 . 01 - 0 . 17 0 . 34 1 . 09 1932 - 0 . 26 - 0 . 58 0 . 51 1 . 15 0 . 64 0 . 10 - 0 . 12 - 0 . 14 - 0 . 40 - 0 . 29 - 0 . 88 0 . 02 1933 0 . 29 0 . 02 0 . 15 - 0 . 05 - 0 . 50 - 0 . 68 - 1 . 81 - 1 . 56 - 2 . 28 - 1 . 19 0 . 55 - 1 . 10 1934 0 . 17 0 . 68 1 . 34 1 . 63 1 . 23 0 . 51 0 . 44 1 . 54 1 . 25 2 . 10 1 . 63 1 . 67 1935 1 . 01 0 . 79 - 0 . 11 1 . 10 0 . 99 1 . 39 0 . 68 0 . 63 0 . 98 0 . 21 0 . 13 1 . 78 1936 1 . 79 1 . 75 1 . 36 1 . 32 1 . 83 2 . 37 2 . 57 1 . 71 0 . 04 2 . 10 2 . 65 1 . 28 1937 0 . 00 - 0 . 49 0 . 38 0 . 20 0 . 53 1 . 75 0 . 11 - 0 . 35 0 . 63 0 . 76 - 0 . 18 0 . 55 1938 0 . 50 0 . 02 0 . 24 0 . 27 - 0 . 25 - 0 . 20 - 0 . 21 - 0 . 45 - 0 . 01 0 . 07 0 . 48 1 . 40 1939 1 . 36 0 . 07 - 0 . 39 0 . 45 0 . 98 1 . 04 - 0 . 21 - 0 . 74 - 1 . 10 - 1 . 31 - 0 . 88 1 . 51 1940 2 . 03 1 . 74 1 . 89 2 . 37 2 . 32 2 . 43 2 . 12 1 . 40 1 . 10 1 . 19 0 . 68 1 . 96 1941 2 . 14 2 . 07 2 . 41 1 . 89 2 . 25 3 . 01 2 . 33 3 . 31 1 . 99 1 . 22 0 . 40 0 . 91 1942 1 . 01 0 . 79 0 . 29 0 . 79 0 . 84 1 . 19 0 . 12 0 . 44 0 . 68 0 . 54 - 0 . 10 - 1 . 00 1943 - 0 . 18 0 . 02 0 . 26 1 . 08 0 . 43 0 . 68 - 0 . 36 - 0 . 90 - 0 . 49 - 0 . 04 0 . 29 0 . 58 1944 0 . 18 0 . 17 0 . 08 0 . 72 - 0 . 35 - 0 . 98 - 0 . 40 - 0 . 51 - 0 . 56 - 0 . 40 0 . 33 0 . 20 1945 - 1 . 02 0 . 72 - 0 . 42 - 0 . 40 - 0 . 07 0 . 56 1 . 02 0 . 18 - 0 . 27 0 . 10 - 1 . 94 - 0 . 74 1946 - 0 . 91 - 0 . 32 - 0 . 41 - 0 . 78 0 . 50 - 0 . 86 - 0 . 84 - 0 . 36 - 0 . 22 - 0 . 36 - 1 . 48 - 0 . 96 1947 - 0 . 73 - 0 . 29 1 . 17 0 . 70 0 . 37 1 . 36 0 . 16 0 . 30 0 . 58 0 . 85 - 0 . 14 1 . 67 1948 - 0 . 11 - 0 . 74 - 0 . 03 - 1 . 33 - 0 . 23 0 . 08 - 0 . 92 - 1 . 56 - 1 . 74 - 1 . 32 - 0 . 89 - 1 . 70 1949 - 2 . 01 - 3 . 60 - 1 . 00 - 0 . 53 - 1 . 07 - 0 . 70 - 0 . 56 - 1 . 30 - 0 . 93 - 1 . 41 - 0 . 83 - 0 . 80 1950 - 2 . 13 - 2 . 91 - 1 . 13 - 1 . 20 - 2 . 23 - 1 . 77 - 2 . 93 - 0 . 70 - 2 . 14 - 1 . 36 - 2 . 46 - 0 . 76 1951 - 1 . 54 - 1 . 06 - 1 . 90 - 0 . 36 - 0 . 25 - 1 . 09 0 . 70 - 1 . 37 - 0 . 08 - 0 . 32 - 0 . 28 - 1 . 68 1952 - 2 . 01 - 0 . 46 - 0 . 63 - 1 . 05 - 1 . 00 - 1 . 43 - 1 . 25 - 0 . 60 - 0 . 89 - 0 . 35 - 0 . 76 0 . 04 1953 - 0 . 57 - 0 . 07 - 1 . 12 0 . 05 0 . 43 0 . 29 0 . 74 0 . 05 - 0 . 63 - 1 . 09 - 0 . 03 0 . 07 1954 - 1 . 32 - 1 . 61 - 0 . 52 - 1 . 33 0 . 01 0 . 97 0 . 43 0 . 08 - 0 . 94 0 . 52 0 . 72 - 0 . 50 1955 0 . 20 - 1 . 52 - 1 . 26 - 1 . 97 - 1 . 21 - 2 . 44 - 2 . 35 - 2 . 25 - 1 . 95 - 2 . 80 - 3 . 08 - 2 . 75 1956 - 2 . 48 - 2 . 74 - 2 . 56 - 2 . 17 - 1 . 41 - 1 . 70 - 1 . 03 - 1 . 16 - 0 . 71 - 2 . 30 - 2 . 11 - 1 . 28 1957 - 1 . 82 - 0 . 68 0 . 03 - 0 . 58 0 . 57 1 . 76 0 . 72 0 . 51 1 . 59 1 . 50 - 0 . 32 - 0 . 55 1958 0 . 25 0 . 62 0 . 25 1 . 06 1 . 28 1 . 33 0 . 89 1 . 06 0 . 29 0 . 01 - 0 . 18 0 . 86 1959 0 . 69 - 0 . 43 - 0 . 95 - 0 . 02 0 . 23 0 . 44 - 0 . 50 - 0 . 62 - 0 . 85 0 . 52 1 . 11 0 . 06 1960 0 . 30 0 . 52 - 0 . 21 0 . 09 0 . 91 0 . 64 - 0 . 27 - 0 . 38 - 0 . 94 0 . 09 - 0 . 23 0 . 17 1961 1 . 18 0 . 43 0 . 09 0 . 34 - 0 . 06 - 0 . 61 - 1 . 22 - 1 . 13 - 2 . 01 - 2 . 28 - 1 . 85 - 2 . 69 1962 - 1 . 29 - 1 . 15 - 1 . 42 - 0 . 80 - 1 . 22 - 1 . 62 - 1 . 46 - 0 . 48 - 1 . 58 - 1 . 55 - 0 . 37 - 0 . 96 1963 - 0 . 33 - 0 . 16 - 0 . 54 - 0 . 41 - 0 . 65 - 0 . 88 - 1 . 00 - 1 . 03 0 . 45 - 0 . 52 - 2 . 08 - 1 . 08 1964 0 . 01 - 0 . 21 - 0 . 87 - 1 . 03 - 1 . 91 - 0 . 32 - 0 . 51 - 1 . 03 - 0 . 68 - 0 . 37 - 0 . 80 - 1 . 52 1965 - 1 . 24 - 1 . 16 0 . 04 0 . 62 - 0 . 66 - 0 . 80 - 0 . 47 0 . 20 0 . 59 - 0 . 36 - 0 . 59 0 . 06 1966 - 0 . 82 - 0 . 03 - 1 . 29 0 . 06 - 0 . 53 0 . 16 0 . 26 - 0 . 35 - 0 . 33 - 1 . 17 - 1 . 15 - 0 . 32 1967 - 0 . 20 - 0 . 18 - 1 . 20 - 0 . 89 - 1 . 24 - 1 . 16 - 0 . 89 - 1 . 24 - 0 . 72 - 0 . 64 - 0 . 05 - 0 . 40 1968 - 0 . 95 - 0 . 40 - 0 . 31 - 1 . 03 - 0 . 53 - 0 . 35 0 . 53 0 . 19 0 . 06 - 0 . 34 - 0 . 44 - 1 . 27 1969 - 1 . 26 - 0 . 95 - 0 . 50 - 0 . 44 - 0 . 20 0 . 89 0 . 10 - 0 . 81 - 0 . 66 1 . 12 0 . 15 1 . 38 1970 0 . 61 0 . 43 1 . 33 0 . 43 - 0 . 49 0 . 06 - 0 . 68 - 1 . 63 - 1 . 67 - 1 . 39 - 0 . 80 - 0 . 97 1971 - 1 . 90 - 1 . 74 - 1 . 68 - 1 . 59 - 1 . 55 - 1 . 55 - 2 . 20 - 0 . 15 0 . 21 - 0 . 22 - 1 . 25 - 1 . 87 1972 - 1 . 99 - 1 . 83 - 2 . 09 - 1 . 65 - 1 . 57 - 1 . 87 - 0 . 83 0 . 25 0 . 17 0 . 11 0 . 57 - 0 . 33 1973 - 0 . 46 - 0 . 61 - 0 . 50 - 0 . 69 - 0 . 76 - 0 . 97 - 0 . 57 - 1 . 14 - 0 . 51 - 0 . 87 - 1 . 81 - 0 . 76 1974 - 1 . 22 - 1 . 65 - 0 . 90 - 0 . 52 - 0 . 28 - 0 . 31 - 0 . 08 0 . 27 0 . 44 - 0 . 10 0 . 43 - 0 . 12 1975 - 0 . 84 - 0 . 71 - 0 . 51 - 1 . 30 - 1 . 02 - 1 . 16 - 0 . 40 - 1 . 07 - 1 . 23 - 1 . 29 - 2 . 08 - 1 . 61 1976 - 1 . 14 - 1 . 85 - 0 . 96 - 0 . 89 - 0 . 68 - 0 . 67 0 . 61 1 . 28 0 . 82 1 . 11 1 . 25 1 . 22 1977 1 . 65 1 . 11 0 . 72 0 . 30 0 . 31 0 . 42 0 . 19 0 . 64 - 0 . 55 - 0 . 61 - 0 . 72 - 0 . 69 1978 0 . 34 1 . 45 1 . 34 1 . 29 0 . 90 0 . 15 - 1 . 24 - 0 . 56 - 0 . 44 0 . 10 - 0 . 07 - 0 . 43 1979 - 0 . 58 - 1 . 33 0 . 30 0 . 89 1 . 09 0 . 17 0 . 84 0 . 52 1 . 00 1 . 06 0 . 48 - 0 . 42 1980 - 0 . 11 1 . 32 1 . 09 1 . 49 1 . 20 - 0 . 22 0 . 23 0 . 51 0 . 10 1 . 35 0 . 37 - 0 . 10 1981 0 . 59 1 . 46 0 . 99 1 . 45 1 . 75 1 . 69 0 . 84 0 . 18 0 . 42 0 . 18 0 . 80 0 . 67 1982 0 . 34 0 . 20 0 . 19 - 0 . 19 - 0 . 58 - 0 . 78 0 . 58 0 . 39 0 . 84 0 . 37 - 0 . 25 0 . 26 1983 0 . 56 1 . 14 2 . 11 1 . 87 1 . 80 2 . 36 3 . 51 1 . 85 0 . 91 0 . 96 1 . 02 1 . 69 1984 1 . 50 1 . 21 1 . 77 1 . 52 1 . 30 0 . 18 - 0 . 18 - 0 . 03 0 . 67 0 . 58 0 . 71 0 . 82 1985 1 . 27 0 . 94 0 . 57 0 . 19 0 . 00 0 . 18 1 . 07 0 . 81 0 . 44 0 . 29 - 0 . 75 0 . 38 1986 1 . 12 1 . 61 2 . 18 1 . 55 1 . 16 0 . 89 1 . 38 0 . 22 0 . 22 1 . 00 1 . 77 1 . 77 1987 1 . 88 1 . 75 2 . 10 2 . 16 1 . 85 0 . 73 2 . 01 2 . 83 2 . 44 1 . 36 1 . 47 1 . 27 1988 0 . 93 1 . 24 1 . 42 0 . 94 1 . 20 0 . 74 0 . 64 0 . 19 - 0 . 37 - 0 . 10 - 0 . 02 - 0 . 43 1989 - 0 . 95 - 1 . 02 - 0 . 83 - 0 . 32 0 . 47 0 . 36 0 . 83 0 . 09 0 . 05 - 0 . 12 - 0 . 50 - 0 . 21 1990 - 0 . 30 - 0 . 65 - 0 . 62 0 . 27 0 . 44 0 . 44 0 . 27 0 . 11 0 . 38 - 0 . 69 - 1 . 69 - 2 . 23 1991 - 2 . 02 - 1 . 19 - 0 . 74 - 1 . 01 - 0 . 51 - 1 . 47 - 0 . 10 0 . 36 0 . 65 0 . 49 0 . 42 0 . 09 1992 0 . 05 0 . 31 0 . 67 0 . 75 1 . 54 1 . 26 1 . 90 1 . 44 0 . 83 0 . 93 0 . 93 0 . 53 1993 0 . 05 0 . 19 0 . 76 1 . 21 2 . 13 2 . 34 2 . 35 2 . 69 1 . 56 1 . 41 1 . 24 1 . 07 1994 1 . 21 0 . 59 0 . 80 1 . 05 1 . 23 0 . 46 0 . 06 - 0 . 79 - 1 . 36 - 1 . 32 - 1 . 96 - 1 . 79 1995 - 0 . 49 0 . 46 0 . 75 0 . 83 1 . 46 1 . 27 1 . 71 0 . 21 1 . 16 0 . 47 - 0 . 28 0 . 16 1996 0 . 59 0 . 75 1 . 01 1 . 46 2 . 18 1 . 10 0 . 77 - 0 . 14 0 . 24 - 0 . 33 0 . 09 - 0 . 03 1997 0 . 23 0 . 28 0 . 65 1 . 05 1 . 83 2 . 76 2 . 35 2 . 79 2 . 19 1 . 61 1 . 12 0 . 67 1998 0 . 83 1 . 56 2 . 01 1 . 27 0 . 70 0 . 40 - 0 . 04 - 0 . 22 - 1 . 21 - 1 . 39 - 0 . 52 - 0 . 44 1999 - 0 . 32 - 0 . 66 - 0 . 33 - 0 . 41 - 0 . 68 - 1 . 30 - 0 . 66 - 0 . 96 - 1 . 53 - 2 . 23 - 2 . 05 - 1 . 63 2000 * - 1 . 99 - 0 . 82 0 . 29 0 . 35 - 0 . 05 - 0 . 43 - 0 . 66 - 999 - 999 - 999 - 999 - 999 * note that monthly values in the last year of the data set are subject to minor changes due to updated values in the reynold ' s optimally interpolated sst data used in creating this index . url : ftp : / / ftp . atmos . washington . edu / mantua / pnw _ impacts / indices / pdo . latest if you have any questions about this time series , contact nathan mantua at : mantua @ atmos . washington . edu - pdo _ latest . gif
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Subject: re : enron exotica options library patrick , please , contact zimin lu , 713 853 6388 . vince patrick markey 11 / 21 / 2000 05 : 15 am to : vince j kaminski / hou / ect @ ect cc : patrick markey / hou / ect @ ect subject : enron exotica options library vince , i am trying to price a crack spread option utilizing either of the following models in the exotica library : 1 . spread options by 1 - d integration - sprdopt 2 . spread options on asian spreads - asnsprd how do i get access to these options models ? who can i visit with in the houston group if i have any questions regarding the models . your help would be greatly appreciated . i am located in singapore , so i would probably be visiting with the houston personnel via e - mail . thanks , pat markey p . s . - i have access to the o : \ research \ exotica \ xll \ xll _ templates \ directory ; however , there are no macros associated with the programs that i can find . also , i don ' t have access to the m : drive . please let me know where to find these options models .
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Subject: sr . director position vince : as you requested , i have obtained some information from norma relating to the salary parameters of the sr . director position . the minimum salary is $ 83 , 800 , and the maximum is $ 168 , 000 ( huge range , isn ' t it ? ) . however , norma did ask me to bring a couple of things to your attention : the lowest salary of a vp in your group is currently $ 140 , 000 , and the average director ' s salary in your group is $ 120 , 000 . those numbers narrow the range considerably . of course , there is no equity issue since there is no other senior director in your group . hope this information helps , molly
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Subject: re : power question steve , elena chilkina can give you historical data . historical fwd curves can be obtained from paulo or alex , among others . of course , our internal forward curves represent a very sensitive information . vince steven leppard 10 / 13 / 2000 10 : 34 am to : vince j kaminski / hou / ect @ ect cc : didier magne / lon / ect @ ect subject : power question hi vince who should i contact for power queries now grant has gone ? a colleague here in london ( didier magne ) is giving a talk on power / gas arbitrage , and the consequent convergence of these markets . do you have any presentations on this area , or illustrative figures on the increase in power / gas correlation ? many thanks , steve
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Subject: presentation george , this is the presentation i promised . vince
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Subject: re : numbers for sharad agnihotri dale , to follow up on my earlier message . anjam expressed his concern that sharad is holding off on our offer . i would consider bumping it up to 55 , 000 with a sign - on bonus . we badly need fresh talent . i shall be in australia next week . if you need any additional intervention from us , please , call stinson . vince vince j kaminski 07 / 06 / 2000 08 : 56 am to : dale surbey / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : numbers for sharad agnihotri dale , i was very impressed with sharad and i think that we should consider paying offering him o 50 , 000 . i am not sure about guaranteed bonus . what do you think ? - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 07 / 06 / 2000 08 : 59 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . - europe from : anjam ahmad 07 / 05 / 2000 10 : 56 am to : dale surbey / lon / ect @ ect , vince j kaminski / hou / ect @ ect cc : kate bruges / lon / ect @ ect subject : numbers for sharad agnihotri hi dale ( i would also like to arrange for a direct reporting line to me for sharad . regards , anjam x 35383 p . s . kate : i have attached the agencies terms and conditions below : - - - - - - - - - - - - - - - - - - - - - - forwarded by anjam ahmad / lon / ect on 05 / 07 / 2000 16 : 21 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : alex blair 05 / 07 / 2000 15 : 29 to : " ' anjam ahmad ' " cc : subject : numbers anjam , ? ? ? ? ? ? ? as requested please find enclosed details on sharad ' s numbers : ? ? ? ? ? ? ? basic salary : o 40 , 000 ? ? ? ? ? ? ? car allowance : o 3 , 500 ? ? ? ? ? ? ? ( paid in cash ) ? ? ? ? ? ? ? annual bonus : ol 3 , 000 ( this bonus was paid for ? ? ? ? ? ? ? 99 - 00 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 8 mths work april - dec ) total o 56 , 500 sharad has been informed that his bonus payments for year 00 - 01 will be floored at o 25 , 000 . ? sharad ' s expectations therefore are to receive a base salary of between o 57 . 5 - o 60 k plus bonus . i hope this is of use and ask that if you have any questions that you do not hesitate to call . alex blair senior consultant alex . blair @ alexmann . com tel : 0207 891 6671 fax : 0207 905 1313 web : " the alexander mann group has a stated policy for the use of electronic mail which is rigorously enforced throughout the group . the contents of this e mail should meet the requirements of the policy - if you would like further details please forward this message to info @ alexmann . com or call 0207 242 9000 . the information contained in this electronic mail message is confidential . it is intended solely for the use of the individual or entity to whom it is addressed and others authorised to receive it . if the reader of this message is not the intended recipient , you are hereby notified that any use , copying , dissemination or disclosure of this information is strictly prohibited . "
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Subject: re : replacement of stolen chairs fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 04 / 18 / 2000 01 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - reggie wilson 04 / 18 / 2000 12 : 57 pm to : kevin g moore / hou / ect @ ect cc : william smith / corp / enron @ enron , shirley crenshaw / hou / ect @ ect , mike a roberts / hou / ect @ ect subject : re : replacement of stolen chairs kevin , if you guys had aerons ( mesh ) and / or vecta ( leather ) chairs , my group typically will not be responsible for the replacement of those chairs as i ' m not aware of who has taken the chairs or where they may have gone . my group does not stock these chairs , therefore we order as requested by business units and charge your co / rc . there will be two chairs delivered to the locations mentioned below , however , they will not be the vecta or aeron chairs . you may want to contact enron security and maybe they can investigate further . thanks , reggie kevin g moore 04 / 18 / 2000 10 : 54 am to : reggie wilson / epsc / hou / ect @ ect , william smith / corp / enron @ enron , shirley crenshaw / hou / ect @ ect , mike a roberts / hou / ect @ ect cc : subject : replacement of stolen chairs hi reggie , we spoke regarding the chairs on monday . please , we need these chairs as soon as possible , without being charged . we paid for all new chairs each time we moved and it ' s not fair we pay again . thanks kevin moore p . s . these chairs were taken . . . . . . . . . - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 04 / 18 / 2000 10 : 46 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : william smith @ enron 04 / 18 / 2000 10 : 00 am to : reggie wilson / epsc / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect , kevin g moore / hou / ect @ ect subject : replacement of stolen chairs reggie , there may already be a request floating around for a standard black office chair for ebl 972 d . it was stolen over a weekend several weeks ago . in addition to that one , my own chair at eb 3132 a was stolen this past weekend . could you come up with a couple of decent ones for us ? if you need to charge them to us , our numbers are 0011 and 100038 . as always , call me if you need to at x 58322 . thanks ! sam smith
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Subject: the rising crisis in brazil ' s power sector - a cera conference ca ll cambridge energy research associates ( cera ) invites you to participate in a special conference call and web presentation to discuss " the rising crisis in brazil ' s power sector " on may 3 , 2001 at 9 : 30 am eastern time . this call will feature jed bailey , an associate director and specialist on latin america power issues and barbara l . mattos , cera associate director specializing in the industrial and energy markets of brazil . topics for this conference call and web presentation include : * could the short rain season result in shortage and rationing ? * what is the potential impact on the energy reform process ? * what is the potential impact on the economy ? format our speakers will address this topic for approximately 30 minutes , with accompanying graphics presented on the internet , followed by an open question and answer period . to enroll to enroll , please contact ms . donna masulla via e - mail at dmasulla @ cera . com before 4 : 00 p . m . , wednesday , may 2 , 2001 . please include your name , company , and telephone number with your correspondence . how to participate via audio netscape navigator 3 . 02 or higher ; or sun hot java ( tm ) * close all desktop applications and disable your screen saver to ensure computer compatibility , complete the internet instructions before the day of the call . a message will appear telling you that your meeting is not ready to start . however , it also informs you about any action that you may need to take to prepare your computer to participate . technical assistance u . s . callers : ? if you are experiencing difficulties during the call , you may signal for technical assistance by pressing * 0 ( star , zero ) on your telephone keypad after you have connected to the audio portion of the conference . international callers : ? please re - dial and ask the operator for assistance before giving the confirmation code . cera ' s spring 2001 roundtable event dates and agendas are now available at http : / / www 20 . cera . com / event our relationship with you is very important to us . ? if you wish not to receive e - mail notifications from cera , please send a reply to this message with " donotemail " as the subject of your message . ( mailto : info @ cera . com ? subject = donotemail )
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Subject: term paper vince , ? attached is our team ' s term paper in pdf format . ? please let us know if you still problem opening the file . thank you very much . ? best regards , winny so ? rice university jesse h . jones graduate school of management mba candidate , class of 2001 ? 2018 richland court sugar land , tx 77478 home : ? ? ( 281 ) 265 - 3522 mobile : ? ( 281 ) 989 - 8417 e - mail : ? so @ rice . edu > http : / / www . ruf . rice . edu / ~ so / ? - modeling project . pdf
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Subject: candidate : howard information vince - i spoke with london just now . here is what i gather vuthy said about howard haughton . 1 . he wants a second - round ( another interview with enron ) - but , with high officials ( senior management , this time ) . 2 . he didn ' t think the interviewers were understanding his technical abilities and language . good news : he ( howard ) wants to come back for another interview . i was lead to believe it went well although , howard believes in protocol . bad news : howard in on vacation now for 10 days . sounds fairly good on the candidate debrief . thanks , vince . jeff 949 813 2241 * get free , secure online email at http : / / www . ziplip . com / *
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Subject: re : mission impossible - hr associate groups recommendation and next steps kay - friday is ok up to 4 : 00 pm for me . ted from : kay chapman 10 / 13 / 2000 12 : 52 pm to : tana cashion / na / enron @ enron cc : daniel brown / na / enron @ enron , gerry gibson / corp / enron @ enron , andrea yowman / corp / enron @ enron , bob sparger / corp / enron @ enron , tim o ' rourke / corp / enron @ enron , ted c bland / hou / ect @ ect , tana cashion / na / enron @ enron , cindy olson / corp / enron @ enron , vince j kaminski / hou / ect @ ect , kay chapman / hou / ect @ ect , sarah a davis / hou / ect @ ect , marla barnard / enron communications @ enron communications , pam butler / hr / corp / enron @ enron , michelle cash / hou / ect @ ect , brian schaffer / corp / enron @ enron , suzanne brown / hou / ect @ ect , robert jones / corp / enron @ enron , neil davies / corp / enron @ enron subject : re : mission impossible - hr associate groups recommendation and next steps how does next friday october 20 , 2000 , look for everyone ? ? ? i have morning and afternoon available . i even have a 10 : 00 am if you just want to move the date and not the time . kay tana cashion @ enron 10 / 12 / 2000 02 : 28 pm to : kay chapman / hou / ect @ ect cc : daniel brown / na / enron @ enron , gerry gibson / corp / enron @ enron subject : re : mission impossible - hr associate groups recommendation and next steps what is the first availbale day that david can be at the meeting ? let ' s try to schedule a time that day . thanks - tana enron north america corp . from : kay chapman @ ect 10 / 12 / 2000 02 : 24 pm to : andrea yowman / corp / enron @ enron , bob sparger / corp / enron @ enron , tim o ' rourke / corp / enron @ enron , ted c bland / hou / ect @ ect , daniel brown / na / enron @ enron , tana cashion / na / enron @ enron , rhonna palmer / hou / ect @ ect , cindy olson / corp / enron @ enron , vince j kaminski / hou / ect @ ect , kay chapman / hou / ect @ ect , sarah a davis / hou / ect @ ect , marla barnard / enron communications @ enron communications , pam butler / hr / corp / enron @ enron , michelle cash / hou / ect @ ect , brian schaffer / corp / enron @ enron , suzanne brown / hou / ect @ ect , robert jones / corp / enron @ enron , neil davies / corp / enron @ enron , gerry gibson / corp / enron @ enron cc : subject : mission impossible - hr associate groups recommendation and next steps the monday october 16 , 2000 meeting at 10 : 00 am needs to be moved again . sorry for the inconvenience , but david oxley is going to be traveling . . thanks , kay
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Subject: fund raising for mit sloan school dear vince , please find the following description of the program that i would like to raise additional funding for . i will follow up today with a phone call to answer any questions you may have . as always we appreciate your time and support . thanks , jozef the eastern european students at mit sloan school of management are preparing an eastern european week to be held in march 2001 . the one - week long program will familiarize our classmates with many of the countries that are going through the post communist transformation . as you well know , eastern europe has a great deal of opportunities for many companies . unfortunately , it also presents many obstacles that make most of the opportunities difficult to capture . because we believe that we can help to eliminate some of these obstacles , we want to bring the eastern european experience to mit sloan school of management . familiarizing the future business leaders with the countries is only one step toward reforming eastern europe , but we believe it is worth our time and effort . during the week , we plan to bring series of lectures addressing the business environment in eastern europe . we want to emphasize especially the success stories from eastern europe . such companies as enron , volkswagen , exxonmobil , gm , and ge have entered the eastern european market and show commitment to stay in it . in at least one panel discussion with academic experts and industry participants we hope to let everyone know that eastern europe is a real place for business . in addition to the educational activities , we are preparing number of cultural events that will introduce the culture of this area . the scope of our program depends greatly on the funds we will be able to raise from our sponsors . in return , we plan to advertise our sponsors in every activity we will do . we will make banners and any other appropriate advertising as desired by the sponsor . should a sponsor be willing to send a speaker for the panel discussion or to give a speech / lecture we would appreciate the enrichment to our program . the advertising will reach nearly 700 sloan students and faculty . in addition , the advertising will reach all newly admitted students , as they will visit our campus for the admit day ( an official program to sell our school to the admitted students ) .
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Subject: enron trial of energycast service mike , here are the particulars of the trial run of our service , including the times for the telephone contact from wsi . remember this will be a bilateral , not a conference , call . on the esai side , while i will be out of town , peter ingraham ( 781 245 2036 ) is available to answer questions or take suggestions . we look forward to working with you next week . ed - - - - - original message - - - - - from : shorter , jeffrey [ mailto : jshorter @ wsicorp . com ] sent : tuesday , july 25 , 2000 11 : 36 am to : bosse , john ; ed krapels ( e - mail ) ; peter ingraham ( e - mail ) cc : weather effects subject : ed , we are set with a evaluation of the service covering the period from monday to thursday july 31 to aug 3 . we will activate the web access on friday afternoon and initiate calls monday morning . the call schedule is : short range : 8 : 40 east coast time mid range : 9 : 20 east coast time if there is a conflict with these times , please notify me . we will need a number to call into , typically we call directly onto the trading floor . the username and password are the same as the initial viewing : username : enron password : stroso 0 ( zero zero ) it is important to make the point this is for evaluation purposes since we are not under a contract with liability issues addressed . i am sure enron will love it like the rest of our clients ! ! jeff _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ jeffrey a . shorter , ph . d . vice president wsi - weathereffects 55 walkers brook road reading , ma 01867 jshorter @ wsicorp . com 781 - 205 - 7385 ( direct voice ) 781 - 942 - 2000 ( switchboard ) 781 - 942 - 2571 ( fax ) 617 - 320 - 4653 ( cell )
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Subject: re : full version i read the chapter . generally , i like it , and find it non - controversial and well written . of course , this is a huge topic and there are things that you haven ' t discussed . i thought the amount of attention paid to ols and mle estimation was a bit overboard , given that you didn ' t really exploit it in your results . if you were to state the likelihood function for the garch model , it might justify the amount of attention to gave to estimation for simple iid processes , which could then be thought of as a simple lead - in and intuition builder to the more interesting models that you do actually use . by the way , in your discussion of smiles , you discuss fat tails extensively . at least for equity markets , while fat tails contribute , they don ' t do very much at all compared to the effect of risk premia , which you allude to briefly , using supply - demand language , at the end of that section . for the impact of risk premia , see jun pan ' s paper , which is available from her web page . but she covers only sp 500 , ( as do most studies ) , and your markets are obviously much different . the chapter will be a good service to your readers ! best , darrell > x - lotus - fromdomain : ect > from : " vince j kaminski " > to : darrell duffie > cc : " grant masson " , " vince j kaminski " > date : wed , 16 aug 2000 16 : 37 : 53 - 0500 > subject : re : full version > mime - version : 1 . 0 > content - disposition : inline > x - uidl : 00453 eda 98 c 82 d 709 e 6123 af 537 e 4 f 63 > x - keywords : > > > > darrell , > > thanks a lot . i really appreciate it . the text is below our usual > standards but we are completely swamped with work here . > > vince > > > > > > > > darrell duffie on 08 / 15 / 2000 04 : 54 : 23 pm > > please respond to darrell duffie > > to : vince . j . kaminski @ enron . com > cc : > subject : re : full version > > > i ' ll have a look ! > > i haven ' t much time , but can certainly > get you a quick reaction , at least ! > > best , darrell > > > > x - lotus - fromdomain : ect > > from : " vince j kaminski " > > to : duffie @ stanford . edu > > date : thu , 10 aug 2000 14 : 04 : 47 - 0500 > > subject : full version > > mime - version : 1 . 0 > > content - disposition : inline > > x - uidl : 9 fef 7462 afa 5 d 4 ee 6 co 4 c 9 co 2 df 71 b 25 > > x - keywords : > > > > > > > > darrell , > > > > grant just alerted me that i sent you only part of the text . > > > > here is the full chapter with an aged version of gran ' t part . > > what i sent you represents an update of his contribution . > > > > sorry for that . > > > > vince > > > > ( see attached file : volo 720 . doc ) > > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > darrell duffie > mail gsb stanford ca 94305 - 5015 usa > phone 650 723 1976 > fax 650 725 7979 > email duffie @ stanford . edu > web http : / / www . stanford . edu / ~ duffie / > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > > > > > > > darrell duffie mail gsb stanford ca 94305 - 5015 usa phone 650 723 1976 fax 650 725 7979 email duffie @ stanford . edu web http : / / www . stanford . edu / ~ duffie /
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Subject: option visualization vince and stinson , i did some reserach on the option visualization . here is one of the findings . check this web site , the image looks impressive : http : / / home . online . no / ~ espehaug / virtualworld / virtualoptionworld . html this is done through a free software livegraphics 3 d and mathematica . take a look of the demo on the web site mentioned above to see if it is good enough for our purpose . zimin ps : - - - - - - - - - - - - - - what is livegraphics 3 d ? livegraphics 3 d is a non - commercial java 1 . 1 applet to display and rotate three - dimensional graphics produced by mathematica in html pages . it may be used without charge for any non - commercial purposes . mathematica is a program for symbolic and numeric mathematics by wolfram research , inc . . wolfram research is also responsible for licensing livegraphics 3 d for commercial purposes . livegraphics 3 d enables all mathematica users to put almost any three - dimensional graphics computed by mathematica directly onto a html page , such that everyone with a web browser supporting java 1 . 1 ( e . g . communicator 4 . 0 or internet explorer 4 . 0 or higher ) can view and interactively rotate the graphics without any additional software . additionally livegraphics 3 d is able to show animations , calculate stereo graphics , integrate hyperlinks , and display bitmap backgrounds . 
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Subject: important : mountain top meetings scheduled for next week fyi . ravi . - - - - - forwarded by ravi thuraisingham / enron communications on 03 / 06 / 00 12 : 46 pm - - - - - jeanette busse 03 / 01 / 00 03 : 02 pm to : dayne relihan / enron communications @ enron communications , dorn hetzel / enron communications @ enron communications , jeanette busse / enron communications @ enron communications , jim irvine / enron communications @ enron communications , john bloomer / enron communications @ enron communications , john griebling / enron communications @ enron communications , kelly williams / enron communications @ enron communications , kenny burroughs / enron communications @ enron communications , kevin kohnstamm / enron communications @ enron communications , laura beneville / enron communications @ enron communications , phil sisneros / enron communications @ enron communications , ravi thuraisingham / enron communications @ enron communications , rob kolosvary / enron communications @ enron communications , scott smith / enron communications @ enron communications , steve elliott / enron communications @ enron communications , steve mcnear / enron communications @ enron communications , tom huntington / enron communications @ enron communications , rebecca lynch / enron communications @ enron communications , david cox / enron communications @ enron communications , kenton erwin / enron communications @ enron communications cc : john griebling / enron communications @ enron communications , sheryl lara / enron communications @ enron communications , nicole gilson / enron communications @ enron communications , jennifer adams / enron communications @ enron communications subject : important : mountain top meetings scheduled for next week team , john griebling requests the following individuals return to the omni hotel at interlocken in broomfield , co for mountain top meetings to begin at 12 : 00 pm ( noon ) on march 7 th in the mountain top suite # 1139 . . please be prepared to stay in broomfield co at the omni hotel through march 10 th , 3 : 00 pm . the mountain top teams are assembled as follows : required technical team attendance required contract negotiation team laura beneville steve elliott kenny burroughs john griebling jim irvine tom huntington dayne relihan kenton erwin phil sisneros rebecca lynch ( new team member ) contract negotiation team ( attendance requested ) jeanette busse david cox scott smith dorn hetzel ravi thuraisingham rob kolosvary kelly williams ( approved by kenny burroughs ) please let me know if you have any questions , i can be reached on my cell phone at 503 - 887 - 6397 . best regards , jeanette jeanette a . busse project manager , strategic alliances enron broadband services , inc . ( formerly enron communications ) 2100 sw river parkway , suite 600 portland , or 97201 office : 503 . 886 . 0214 fax : 503 . 886 . 0434 email : jeanette _ busse @ enron . net
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Subject: re : presentation if you would like a hard copy of the presentation to be included in the conference book , i ' ll need it before friday , march 24 . thank you both for all your time sent : thursday , march 16 , 2000 9 : 02 am subject : re : presentation > > dawn , > > i met david sobotka from koch this morning and we talked about > coordinating our presentations . > this means there will be changes intended to avoid overlaps . sorry for > that . the portions of my presentation > will survive ( those about valuation paradigms ) and i shall add a few more > pages on accounting treatment of weather derivatives > plus more specific examples . david will cover primarily market evolution + > plus examples of some > standard structures , and we shall both give more interesting examples of > specific deals executed by our companies . > > i shall send you an updated version of my part next week . let me know what > the deadline is . > > vince > > > > > " dawn scovill " on 03 / 14 / 2000 07 : 53 : 47 am > > to : " vince j kaminski " > cc : > subject : re : presentation > > > thanks - - would you like me to include these in the conference book ? or do > you anticipate changes ? > > dawn > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > from : dawn scovill , conference coordinator > " powerful new ideas 2000 " > dawn @ perfectmeeting . com > > > - - - - - original message - - - - - > from : vince j kaminski > to : > cc : shirley crenshaw ; vince j kaminski > ; vince j kaminski > sent : monday , march 13 , 2000 1 : 56 pm > subject : presentation > > > > > > > > dawn , > > > > i am sending you an electronic version of my presentation . > > > > vince kaminski > > > > ( see attached file : fplo 400 . ppt ) > > > > > > > >
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Subject: re : weather course joe , this is the most recent offer from lacima ( weather derivatives course ) . what do you think ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 19 / 2001 07 : 15 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " julie " on 02 / 19 / 2001 03 : 19 : 45 pm please respond to " julie " to : " vincejkaminski " cc : subject : re : weather course vince , enron is fine ( although i think we have to pay for the hyatt anyway ) . ? good discount ( i have a feeling that my idea of a good discount and the weather desk ' s idea is probably different ? ) : ? for the one day , $ 1100 per person . ? if you think that there will be ? around 10 people or more , then we can offer a day rate , regardless of the number of people . ? ? thanks vince ? julie ? ps - of course when i announced that we were cancelling , people started responding that they wished to attend . ? ugh ! ? - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : julie cc : vince . j . kaminski @ enron . com sent : friday , february 16 , 2001 4 : 05 pm subject : re : weather course julie , enron location makes more sense . no reason to pay for the hotel . also , i think that one day makes more sense . i contacted the weather desk about including other people at the training course . i think that they would be interested if they got a good discount . vince " julie " on 02 / 16 / 2001 09 : 39 : 37 am please respond to " julie " to : ? ? cc : subject : ? re : weather course vince , great . just to let you know , we decided not to wait on the indecisive ones , and postponed the open course . it ' s yours , whatever you want : ? 1 day ( specific to what you feel will be of the most benefit ) , 2 days , hyatt or ? enron , or not at all . i hope this doesn ' t cause problems for you . special deal , for sure . i owe my godfather . julie - - - - - original message - - - - - from : ? vince . j . kaminski @ enron . com to : julie cc : joseph . hrgovcic @ enron . com sent : thursday , february 15 , 2001 3 : 16 ? pm subject : re : weather course julie , that ' s definitely an option . we can ? provide the room . maybe we can cut with you a special deal for enron and ? increase the # of people attending . i am forwarding your message to our ? weather desk . vince joe , what do you think about ? it ? vince " julie " on ? 02 / 15 / 2001 08 : 20 : 24 am please respond to " julie " to : ? " vincejkaminski " cc : subject : ? weather course vince , we just wanted to let you know ? that we only have 3 people signed up for the weather derivatives course ? ( all from enron ) so far . we have a couple more that have expressed strong ? interest , but we are awaiting their final decision . if no one else signs ? up , chris and les thought that you guys could probably get through the ? first day pretty easily , and thus thought it may be an option to teach just ? the 2 nd day material ( pricing ) only at enron ( doing it at the hyatt is an ? option as well but the room might be on the large side ) ? we would ? obviously reimburse you for the day not taught . we can teach both days as ? well , but thought you may want to save some time . i just wanted to give ? you some time to think about it . we will know where we stand on final ? numbers by next ? wednesday . julie
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Subject: ees organizational announcement - - - - - - - - - - - - - - - - - - - - - - forwarded by pinnamaneni krishnarao / hou / ect on 04 / 12 / 2000 12 : 01 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - osman sezgen @ ees 04 / 12 / 2000 11 : 58 am to : pinnamaneni krishnarao / hou / ect @ ect cc : subject : ees organizational announcement - - - - - - - - - - - - - - - - - - - - - - forwarded by osman sezgen / hou / ees on 04 / 12 / 2000 11 : 57 am - - - - - - - - - - - - - - - - - - - - - - - - - - - lou pai and tom white 04 / 12 / 2000 11 : 40 am sent by : karen owens to : all ees employees cc : subject : ees organizational announcement at the core of ees  , s success has been our willingness to adapt to and embrace change . tom and i are reminded of this again as we announce the departure of john echols , whose extraordinary capabilities have been instrumental to the successful launch of ees , and to our tremendous growth in the two - and - a - half years since then . john is continuing his career at enron . marty sunde , currently managing director of sales joe earle , president and ceo of enron facility services ; kevin hughes , vice president and chief accounting officer ; dan leff , managing director of account and delivery management ; danny mccarty , managing director of ees - europe ; mark muller , managing director of corporate development ; vicki sharp , managing director and general counsel ; and beth tilney , managing director of marketing , communications and human resources . thank you for your continued commitment to ees . we  , ve just completed a great quarter and are well positioned to meet or exceed our targets this year ! in fact , this is the seventh consecutive quarter for record levels of new contracting activity and we  , ve more than doubled our first quarter sales of 1999 . keep up the great work !
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Subject: willow tree hi vince - this is so you can respond to my email . please let me know if you have any further questions or comments regarding willow or if you would like to proceed in discussing a purchase . regards , michael curran head of research riskcare - financial technology services piercy house 7 copthall avenue london ec 2 r 7 nj tel : + 44 ( 0 ) 20 7562 3419 fax : + 44 ( 0 ) 20 7562 3401 mailto : mcurran @ riskcare . com
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Subject: wti - new eol product ted , enclosed is a corrected version of the historical simulation of wti trading . the earlier results were double counting the spread profit on trades closed intra - day . the spread was counted on each trade rather than per round - trip transaction , so the new results show lower profitability . - - stinson
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Subject: new pc lyn : can you tell me the status on this order ? alex is really feeling the pinch for this new computer . thanks ! shirley 3 - 5290 - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 01 / 12 / 2000 08 : 32 am - - - - - - - - - - - - - - - - - - - - - - - - - - - shirley crenshaw 01 / 07 / 2000 01 : 49 pm to : lyn malina / hou / ect @ ect cc : william smith / corp / enron @ enron , vince j kaminski / hou / ect @ ect , alex huang / corp / enron @ enron subject : new pc hi lyn : alex huang has requested a new pc and vince kaminski has ok ' d it . please order the computer as listed below in alex ' s request . thanks ! shirley 3 - 5290 - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 01 / 07 / 2000 01 : 48 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 01 / 07 / 2000 12 : 12 pm to : shirley crenshaw / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , grant masson / hou / ect @ ect , alex huang / corp / enron @ enron subject : new pc shirley , ok . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 07 / 2000 12 : 02 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - alex huang @ enron 01 / 07 / 2000 08 : 28 am to : shirley crenshaw / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , grant masson / hou / ect @ ect subject : new pc hi shirley , i would like to request for a new pc . my current pc is quite old with not enough memory . twice i ran out of memory and had to have it people coming to clean it for me . their suggestion is to either get a new hard drive or a new pc . given that dell has pentiumc iii processor at 800 mhz on market , i would like to request a pc with process at 500 mhz or higher level . thank you very much . best , alex
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Subject: confirmation of your order this is an automatic confirmation of the order you have placed using it central . request number : ecth - 4 rstt 6 order for : vince j kaminski 1 x ( option : 128 mb upgrade for deskpro en 6600 $ 129 ) 1 x ( standard desktop $ 1262 ) enron it purchasing
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Subject: credit risk model comments - at this point . comments from rick jones on the credit reserve model . anita dupont is setting up a meet with rick jones to discuss these . vince & bill - if you want to join the meeting , please let me or anita know . regards , krishna . - - - - - - - - - - - - - - - - - - - - - - forwarded by pinnamaneni krishnarao / hou / ect on 04 / 11 / 2001 09 : 04 am - - - - - - - - - - - - - - - - - - - - - - - - - - - richard b jones @ ees 04 / 10 / 2001 04 : 16 pm to : pinnamaneni krishnarao / hou / ect @ ect cc : subject : credit risk model comments - at this point . - - - - - - - - - - - - - - - - - - - - - - forwarded by richard b jones / hou / ees on 04 / 10 / 2001 04 : 16 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - richard b jones 03 / 23 / 2001 05 : 53 pm to : cheryl lipshutz / hou / ees @ ees , trushar patel / corp / enron @ enron , michelle . wenz @ enron . com , gayle muench / enron @ enronxgate , jeremy blachman / hou / ees @ ees cc : subject : credit risk model comments - at this point . hi everyone , i have run the model and , along with the contract briefs i have some questions the number of trials , numerical roundoff , and random number generator randomness statistical properties . the first two are not a problem in this application but the last one could be . has anyone examined the effect of using different random number generators on enron  , s aggregate credit risk ? 7 ) there is one last point here . for most of the above points , the " improved " analysis could make the credit risk be higher . rick
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Subject: caida ' metrics ' wg meeting , 2 mar 00 hi vince , i ( and possibly stinson as well ) will be attending this initial meeting looks like kick - off type of meeting . i will try to attend to drill into what they can offer and what we have committed . make sure that we get from the arrangement n john griebling & jim irvine ' s perspective and ours . i ' ll fire off additional information as i get them . ravi . - - - - - forwarded by ravi thuraisingham / enron communications on 02 / 23 / 00 10 : 51 am - - - - - nevil @ ipn . caida . org 02 / 22 / 00 12 : 16 pm to : members @ caida . org cc : nevil @ caida . org , ( bcc : ravi thuraisingham / enron communications ) subject : caida ' metrics ' wg meeting , 2 mar 00 hello caida members : update on the caida working groups . . a . ' metrics @ caida . org ' mailing list b . wg charters , meeting on 2 mar 00 a . ' metrics @ caida . oeg ' mailing list i ' ve set up a single mailing list with this name , for discussions on wg topics , passive measurements , etc . to start with it ' s a moderated list ( i . e . you have to be a member of the list to post to it , you join by sending email to nevil @ caida . org asking to be added to the ' metrics ' list ) , with the following initial set of members : sue moon , brett watson , hans - werner braun , matt mathis , ian graham , tony mcgregor , john cleary , joerg micheel , kevin thompson , jambi gambar , daniel mcrobb , david moore , sean mccreary rene hatem , shankar rao , cindy bickerstaff , jeff sedayao , steve feldman , bill woodcock two questions for caida members : i . who else would you suggest be invited to join the list ? ii . should the list continue to be moderated , or should it be changed into an open list ? b . ' working group ' developments following the caida members ' meeting on 8 feb 00 i ' ve attempted to define exactly what problem we could consider getting an ietf working group started on . my summary of the existing ietf wgs with interests in metrics is given below ( appendix b ) , but it seems unlikely that we could get a new ietf wg started . i believe that we should instead run a single caida working group on ' network metrics , ' rather than the two proposed earlier . my draft of its charter is appended below . it focuses on producing educational material about network measurement , and on developing new metrics - these were the two areas of greatest interest amongst the caida members . the wg co - chairs are sue moon ( sprintlabs ) and brett watson ( mfn / abovenet ) you are invited to attend the first wg meeting . the agenda is as follows . . agenda for caida wg meeting on : thursday 2 mar 00 - - - - - - - - - - - - - - - - - 10 am - 4 pm , abovenet , downtown sjc ( see below for details ) - - - - - - - - - - - - - - - - - - - - - - - - 1 . review wg charter - is it reasonable as set out in the draft ? - what should be removed or added ? 2 . work through revised charter in detail - identify the work required for each part - determine who ' s willing to work on it - attempt to determine delivery times 3 . discussion of new metrics - first attempt at making a list of metrics to be considered 4 . anything else ? location : abovenet is located in the knight - ridder building , attached to the fairmont hotel complex . the address is 50 w . san fernando st . san jose , ca 95113 rsvp : to help us with organising the meeting , please send email to nevil @ caida . org telling us how many will attend from your organisation . cheers , nevil nevil brownlee visiting researcher phone : ( 619 ) 822 0893 caida , san diego caida network metrics working group : draft charter , tue 23 feb 00 goals : 1 education + faq on what does ' measuring the internet actually mean ? ' - why measure anyway ? - what can be measured ? how ? where ? by whom ? - active vs passive , end - to - end vs provider network only , application vs transport layer - rating schemes : provider ' net performance ' pages , internet ' weather map ' s , keynote , etc . publish as caida web pages , or maybe as an info rfc + survey paper on metrics and internet measurement - current measurement efforts ( surveyor , ripe test traffic , amp , iperf , at & t , keynote , skitter , . . . ) - current tools publish as caida web pages 2 service metrics + define new metrics - taxonomy of current metrics ( ippm , rtfm , itu , . . ) - summary of metrics used for current services - gather information / ideas about new / emerging services , especially diffserv - based ones - make list of new metrics , either to improve measurement of existing services or to support new ones [ list of ' metrics ' questions ( appendix a ) goes here ] + organise experimental implementation / testing of tools for new metrics + make recommendations on implementation - define core set of ' really useful ' metrics - recommend that caida implement these as a ' service measurement toolkit ' + publish new metric definitions through ippm or rtfm + produce document " measurement requirements for hardware / software vendors . " publish on caida web pages appendix a : questions from the earlier draft caida wg charters a . what types of network - and transport - layer metrics are being used by isps in engineering and operating their networks ? by customers for verifying service guarantees ? b . what new services are being ( or are likely to be ) offered , e . g . diffserv ? is there a need for higher - layer metrics to better monitor and manage these services ? c . will these new differentiated transport - and application - layer services need new metrics ? d . how can the service metrics be measured in a multi - isp environment ? e . how can customers verify these measurements ? f . what requirements would service measurement introduce for equipment vendors ? g . how relevant are specific techniques ( e . g . which flow ) and points of measurement to specific users ( isp , customer , etc . ) requirements ? h . how do these metrics relate to network behavior as perceived by users ? how do they correlate with performance ? appendix b : background on the ietf working groups * rtfm wg : realtime traffic flow measurement rtfm is concerned with passive measurements of two - way traffic flows , specified in terms of their end - point attributes . its primary goal was to produce an improved traffic flow measurement model considering at least the following needs : a . wider range of measurable quantities , e . g . those relating to ipv 6 , and to class of service b . simpler ways to specify flows of interest c . better ways to control access to measured flow data d . strong focus on data reduction capabilities e . efficient hardware implementation * ippm wg : ip performance measurement the ippm wg charter is to develop a set of standard metrics that can be applied to the quality , performance , and reliability of internet data delivery services . these metrics will be designed such that they can be performed by network operators , end users , or independent testing groups . it is important that the metrics not represent a value judgement ( i . e . define " good " and " bad " ) , but rather provide unbiased quantitative measures of performance . rfcs framework for ip performance metrics ( rfc 2330 ) metrics : connectivity ( rfc 2678 ) , one - way delay ( rfc 2679 ) , one - way packet loss ( rfc 2680 ) round - trip delay ( rfc 2681 ) i - ds bulk transfer capacity ( 2 x ) instantaneous packet delay variation one - way loss patterns * other wgs the rmonmib wg is thinking about ' application performance measurement . ' this is clearly a hard problem ( e . g . does this just mean response - time measurement , can it be done by passive means , how should the measurements be presented , etc . ) . in short - rtfm provides a good distributed measuring system for traffic volumes - ippm has concentrated on transport - layer behaviour of the current , best - effort internet . - rmonmib is beginning to consider application - layer measurement
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Subject: re : message from charles shen at williams charles , i am coordinating an offer fro you . i shall call you with the details later this week . vince charles shen on 10 / 18 / 2000 10 : 59 : 16 am to : vkamins @ enron . com cc : vkaminski @ aol . com subject : message from charles shen at williams dear vince : how are you ? it was very nice talking to you last friday , i was very impressed by your group , and very interested in this opportunity . if you need any additional information , please feel free to call me at 918 - 409 - 4308 , i look forward to hearing from you very soon . thank you . sincerely , charles do you yahoo ! ? yahoo ! messenger - talk while you surf ! it ' s free . http : / / im . yahoo . com /
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Subject: interviews for a new candidate elizabeth : we have yet another candidate allen humbolt who we want to interview . his skills seem to match our requirements very well . we appreciate your help in setting up interviews for him with the following people : vince kaminski stinson gibner grant masson vasant shanbhogue ronnie chahal osman sezgen john henderson ( ees ) anoush farhangi and myself . thanks , krishna .
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Subject: re : dear mr . kaminski , since i am just about starting off on my research , i do not have any papers published in this area . but i do plan to address this shortcoming pretty soon . i have a couple of other papers against my name , but they are not worth any serious mention . i thank you for taking time off your busy schedule to write to me . i will keep you posted about my progress . thank you , yours sincerely , hari natarajan fellowship student indian institute of management bangalore bannerghatta road bangalore 560076 india tel : 91 - 80 - 6993056 fax : 91 - 80 - 6584050 e - mail : hnatraj @ iimb . ernet . in - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : hnatraj @ iimb . ernet . in cc : shirley . crenshaw @ enron . com ; vince . j . kaminski @ enron . com sent : 3 / 8 / 01 10 : 45 pm subject : re : hari , thanks . please , keep me posted about your progress . any published papers ? we shall send you the printout . vince hari natrajan on 03 / 06 / 2001 08 : 47 : 34 pm to : " ' vince . j . kaminski @ enron . com ' " cc : subject : re : dear mr . kaminski , thank you very much for your prompt response . i look forward to receiving a copy of your article . i would also appreciate it if you could let me know whether enron provides research grants to individuals who are working in the area of energy risk management . towards my research , i am trying to develop a model to estimate electricity spot price . in any case , i will be getting in touch with you again a year or so down the line when i am nearing completion of my dissertation because enron is my dream job . i look forward to hearing from you . thank you , yours sincerely , hari natarajan fellowship student indian institute of management bangalore bannerghatta road bangalore 560076 india tel : 91 - 80 - 6993056 fax : 91 - 80 - 6584050 e - mail : hnatraj @ iimb . ernet . in - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : hnatraj @ iimb . ernet . in cc : shirley . crenshaw @ enron . com ; vince . j . kaminski @ enron . com sent : 3 / 6 / 01 8 : 34 pm subject : re : hari , i shall send you a reprint of the article . i had to cancel my presentation at san antonio . vince shirley , please , send a copy of the article to hari . hari natrajan on 02 / 28 / 2001 06 : 45 : 29 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : dear mr . kaminski , i am a doctoral student at the indian institute of management bangalore , india . my area of interest is the energy sector , especially electricity derivatives . i am interested in obtaining a copy of the following items : 1 ) your presentation " current challenges in modeling power price volatility " at the session on price volatility & probabilistic methods in the energy markets . ( http : / / www . informs . org / conf / sanantonio 2000 / / talks / md 29 . html ) 2 ) your chapter " the challenge of pricing and risk managing electricity derivatives " in the book ' the us power market ' , risk publications . i would appreciate it if you could send me a soft / hard copy of the same . thank you , yours sincerely , hari natarajan fellowship student indian institute of management bangalore bannerghatta road bangalore 560076 india tel : 91 - 80 - 6993056 fax : 91 - 80 - 6584050 e - mail : hnatraj @ iimb . ernet . in
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Subject: retail markets conference i would like to invite you to participate in a conference on " retail participation in competitive power markets " to be held at stanford university on june 21 - 22 , 2001 . although california and other regional markets will likely be introducing some demand - response programs by june , there is a clear need for continual evaluation of these nascent efforts to transform the market . the conference provides an opportunity to learn from different experiences . this policy research meeting will focus on establishing a foundation for understanding the key concepts and methods for demand response programs and to provide an opportunity for participants to raise questions and recommend directions for additional research and analysis . participants will come from companies , government , and universities . you can obtain more information about the conference by checking under " meetings " on our emf website listed below . please let me know if you plan on attending . also , if you would like to make a brief 15 - minute presentation , please let me know your topic and describe it in a few sentences . i will try to choose speakers that will cover the full range of interests represented by this group . researchers should focus on the implications of their analysis for designing demand response programs rather than on the technical details of their methodology . i would also encourage practitioners to discuss their experience in implementing demand response programs or in raising selected issues . thank you , hill huntington hillard g . huntington emf - an international forum on energy and environmental markets voice : ( 650 ) 723 - 1050 408 terman center fax : ( 650 ) 725 - 5362 stanford university email : hillh @ stanford . edu stanford , ca 94305 - 4026 emf website : http : / / www . stanford . edu / group / emf /
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Subject: re : friday morning meeting ? vince : 7 am at hyatt regency downtown would be perfect . i will see you in the lobby at 7 am . best regards , dale - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : wednesday , july 05 , 2000 3 : 23 pm to : dale . nesbitt @ marketpointinc . com cc : vince . j . kaminski @ enron . com ; shirley . crenshaw @ enron . com subject : re : friday morning meeting ? dale , friday is a bad day ( performance review committee all day ) . what about 7 : 00 at the office or breakfast meeting at 7 : 00 ? we can meet at hyatt regency downtown ( smith street ) . vince " dale nesbitt " on 07 / 05 / 2000 12 : 13 : 59 am to : " vince . j . kaminski " cc : subject : friday morning meeting ? vince : can we get together friday morning july 7 at 800 am at your office ? that would be particularly convenient for me . i will have to leave downtown at about 945 to catch a plane . that will ensure that i wont take up too much of your time ! ! thanks for your efforts here , and thanks for being patient with me . dale nesbitt
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Subject: membership mixer tomorrow - paesanos lounge ! nesa / hea members ~ don ' t forget to join us tomorrow ( thursday , january 18 th ) for our first membership mixer of 2001 at paesanos lounge located at 213 milam between franklin and congress streets in the downtown market district . sponsored by national energy & trade , llc , the fun begins at 5 : 00 p . m . and your first drink is free when you mention you ' re with nesa / hea at the door . there will be a buffet available for our group as well as valet parking . remember that paesanos also offers a great selection of fine cigars for your enjoyment while you network with other industry colleagues , and special guest artist , yvonne washington , performs at 8 : 00 p . m . we ' re expecting a great turnout , so don ' t be left out ! as part of our membership drive , bring a new member with you and become eligible for a great door prize , graciously donated by kay atchison ( nesa / hea co - chair ) from duke energy . it ' s a great opportunity to renew your dues as well . again , if you didn ' t receive your renewal in the mail , i ' m attaching a pdf file that can be opened in adobe acrobat . if you don ' t have that application , download it free from our website at www . nesanet . org . hope to see you there ! you can ' t afford to miss this event ! > - nesaneamembership . pdf
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Subject: re : your comments on metals var model dear andreas , thanks for the very useful response and information on positions . i have handed over primary responsibility for metals var to kirstee hewitt ( at least as far as london is concerned ) and she will follow up on the points you kindly reported , although i am of course available to assist where necessary . tanya will remain the point of contact for var modelling in houston , and of course kirstee and tanya will work together on this to resolve these and further issues . i would be happy to help set up meetings for you in the london office when you visit next week , with kirstee , myself and anyone else that you would like to meet with and we very much look forward to your visit - please let me know if you need any help with the arrangements . regards , anjam 0207 783 5383 - - - - - - - - - - - - - - - - - - - - - - forwarded by anjam ahmad / lon / ect on 27 / 07 / 2000 08 : 40 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : andreas . barschkis @ mgusa . com 27 / 07 / 2000 00 : 36 to : anjam . ahmad @ enron . com , kirstee . hewitt @ enron . com cc : bjorn _ hagelmann @ mgusa . com subject : re : varmodel _ live . xls anjam , thanks for your var model . i would like to point out the following : 1 ) position data : i noted that the outright ( longs + shorts ) for copper include positions which we should not use , i . e . r . wolff quantities . this positions are imputed into the system at their integrity ( some legs / hedges are missing ) this affects copper and lead position for now . the issues should be have been sorted out by the end of this month , ie next week . so in copper you have 25 , 487 mt to much and with lead you have 13 , 579 mt to much . ( as of june 19 ) 2 ) looking at copper position you calculate a var of - 3 , 100 , 568 with a total outright of 63 . 765 mt . this seams too low . if i calculate 63765 x 1807 x 3 . 99 % = 4 . 218 mil . us $ . var ( outright qty x price levelx risk factor , riskfactr as per mercur ) . in my view we have been understating var in mercur because we do not consider the spread position correctly ( i . e . in detail ) . on a position like that i would expect a figure of around 6 mil us $ . i guess the issue is in the volatility and in the holding period . 3 ) your correlation matrix for the commodities is not final i assume as many fields are blank . lets talk tomorrow on the phone . attached please find the position summary for the last week # 30 ( since june 19 ) as requested by kirstee . ( see attached file : mgposw 30 . xls ) andreas barschkis mg metal & commodity corp . 520 madison avenue , 28 th floor new york , ny 10022 tel : + 1 . 212 . 715 . 5628 cel : + 1 . 917 . 679 . 8287 fax : + 1 . 212 . 715 . 5608 e - mail : andreas . barschkis @ mgusa . com anjam . ahmad @ e nron . com to : andreas . barschkis @ mgusa . com cc : kirstee . hewitt @ enron . com 07 / 26 / 2000 subject : zipped varmodel _ live . xls 11 : 37 am hi andreas , this is the semi - final spreadsheet - have only to include price curves for gold and cocoa . kirstee and i would welcome your comments . regards , anjam - mgposw 30 . xls
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Subject: term project : this is the list of projects for the members of the " quant " team . if you are working on different project , please , ignore this message . please , develop in a spreadsheet solutions / examples for the following : 1 . black - scholes formula 2 . black ' s formula 3 . develop a spreadsheet to simulate price trajectory using : a . gbm b . gbm + jump ( formula 2 . 16 in the book , figure 2 . 7 ) c . mean reversion + jump ( formula 2 . 17 , figure 2 . 8 ) 4 . schwartz single factor model ( formula 6 . 12 ) 5 . develop models corresponding to the figures 7 . 1 , 7 . 3 , 7 . 5 , 7 . 6 , 7 . 8 vince
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Subject: organizational changes enron is forming a new organization - - the enron xcelerator - - to drive the formation and development of new businesses at enron . enron ' s unique ability to start and develop new businesses has driven most of our growth over the years . lou l . pai , currently chairman and ceo of enron energy services , will lead the xcelerator . over his years at enron , lou has been key to the creation and rapid growth of our wholesale gas , wholesale power and energy service businesses . the existing business units will continue their development of core businesses , while the xcelerator will be responsible for developing new business opportunities that are natural extensions of enron ' s business model and core skills , but not currently under development elsewhere in enron . dave delainey , currently president and ceo of enron americas , will become chairman and ceo of enron energy services . dave brings a wealth of experience and accomplishment from enron wholesale services ' businesses where he led the growth of our canadian business and our north american origination activity and , most recently , had a great year in enron americas . dave is forming an office of the chairman in ees . joining dave in the office of the chairman are dan leff , president of ees , global energy services , and marty sunde , president of ees , global marketing and services . dan and marty have been instrumental in the development and execution of the successful ees business model . also joining the office of the chairman of ees is janet dietrich as chief operating officer . janet , currently is managing director in enron americas , where she has been successful in many of enron wholesale ' s core businesses , including gas trading , risk management and structural origination . tom white will continue as vice chairman of ees and will focus on the development and expansion of ees ' customer relationships . lou , tom , dan , marty and the entire ees organization have developed a great business model with great growth prospects . ees has become an essential part of enron ' s market valuation and growth story . this new leadership structure will enable ees to continue on its path of sustained growth and increasing profitability . john lavorato will succeed dave as president and ceo of enron americas . john has been an essential part of enron ' s energy trading success over the years and is a key part of enron wholesale services ' continuing success story . joining john is louise kitchen , currently president and ceo of enron networks . louise , who accelerated enron ' s outstanding growth with the deployment of enrononline , will take over as chief operating officer of enron americas . philippe bibi , currently chief operating officer of enron networks will take over as president and ceo of enron networks . under philippe ' s leadership , enron has become a technology leader and the leading e - commerce company . joining philippe as chief operating officer is greg piper , currently managing director of enron networks . greg currently leads enron network ' s origination activity and was responsible for the creation and deployment of clickpaper , enron ' s successful online pulp and paper marketplace . please join us in congratulating all of these individuals on their achievements and their new responsibilities .
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Subject: summer part time employee add her to the distribution list for associate social functions . - - - - - - - - - - - - - - - - - - - - - - forwarded by celeste roberts / hou / ect on 06 / 23 / 2000 05 : 06 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 06 / 23 / 2000 09 : 56 am to : celeste roberts / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , elena chilkina / corp / enron @ enron , mike a roberts / hou / ect @ ect subject : summer part time employee celeste , i have talked to you last evening about elena chilkina , an mba rice student who works for us part - time during the academic year , and full time this summer . she asked if she could participate in the program for summer associates . ( presentations , social meetings ) , i would appreciate if you could help her . vince
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Subject: re : electricity summit at u . c . berkeley sevil , yes , please , go ahead . we shall pay for the trip . vince sevil yaman @ enron 10 / 24 / 2000 02 : 24 pm to : vince j kaminski / hou / ect @ ect cc : subject : electricity summit at u . c . berkeley vince , i just received this message . what do you think ? should i register to attend it ? sevil , - - - - - - - - - - - - - - - - - - - - - - forwarded by sevil yaman / corp / enron on 10 / 24 / 2000 02 : 20 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - pwpens on 10 / 24 / 2000 12 : 16 : 14 pm to : ( recipient list suppressed ) cc : subject : electricity summit at u . c . berkeley register now to attend the electricity summit at u . c . berkeley , november 13 , 2000 u . c . berkeley ' s goldman school of public policy , with additional support from the u . c . berkeley ' s competition policy center and the u . c . energy institute , will host a meeting of industry representatives , policy makers , consumers representatives , legislators and researchers to discuss the electricity restructuring experience and potential solutions to the difficulties that california and other governments have encountered . the summit will run from 12 : 30 - 6 pm with two roundtable discussions that will include a wide variety of viewpoints . for registration information and further details , go to
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Subject: fortune most admired ranking congratulations ! for an unprecedented five years in a row , enron has been ranked the " most innovative company in america " by fortune magazine . in addition , for the first time , enron has also been ranked # 1 in " quality of management , " topping general electric and omnicom group , and our " employee talent " has been ranked # 2 , behind goldman sachs and ahead of cisco systems . america ' s most admired management team is paired with the best and brightest employee talent . that winning combination has led to enron ' s five - year " most innovative " sweep . the " most admired " list will appear in fortune ' s feb . 21 issue , available on newsstands feb . 8 . you are the reason we have achieved such consistent recognition . you bring the innovative ideas to enron and create new business opportunities . you contribute to our quality management team . and you are the outstanding employee talent that makes enron such an exciting and successful company . keep up your outstanding work , and we look forward to even greater achievements in 2000 !
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Subject: wayne tow ' s resume kathy / greg / john - do we need the skills described in the attached resume on the project team or in the permanent support group or in the esupply group ? there are no personal recommendations associated this resume . vince - thanks for keeping us in mind ! - - - - - - - - - - - - - - - - - - - - - - forwarded by melissa becker / corp / enron on 02 / 01 / 2000 01 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski @ ect 01 / 31 / 2000 09 : 04 am to : melissa becker / corp / enron @ enron cc : subject : wayne tow ' s resume melissa , please , take a look at this resume . any interest ? i got it from a headhunter ( i don ' t know her , it was a cold call on her part and she did not make a good impression ) . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 31 / 2000 09 : 01 am - - - - - - - - - - - - - - - - - - - - - - - - - - - leewells @ swbell . net on 01 / 25 / 2000 05 : 34 : 57 pm please respond to leewells @ swbell . net to : vince j kaminski / hou / ect @ ect cc : subject : wayne tow ' s resume hi there mr . kaminski ! it was a pleasure to speak with you today . i look forward to lunch one day soon at brennans . wayne tow is a brilliant man , he worked for many years for a man i know well . this man says , wayne is as good as it get , and he could do anything that is assigned to him , and do it at a level in which he was always amazed . he loves the e - commerce area , and this is what he wants to do thank you , vince . lee wells - wayne 2 . doc
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Subject: interview - numerical methods & finance ? ? ? ? ? ? dear tanya : ? ? ? ? ? ? ? ? ? ? it was a great pleasure to have met you . i very much enjoyed the interview and your insightfull questions . ? ? ? ? ? ? ? i am keenly aware that many of the methods that i discussed with you yesterday are unique , new ? and not reported elsewhere . this is true both about the work i did in whole yield curve interest rate pricing ? as well as garch . the innovations stem from the extensive numerical analysis experience that i have both in turbulence physics as well as finance . they entailed considering the problem from its raw formulation , mathematical analysis , physical interpretation , taylored numerical method development , software writting and develoment and data management . ? ? ? ? ? ? ? as to why i have not yet published anything the answer is that the driver in my work has been adding value to the business not publishing . publishing is however an option that has always been open with my former supervisor who is aware of the work that i did . ? ? ? ? ? ? ? i not however that these results were possible only by exploring to the utmost extent the mathematics , finance , software design and data managemnet aspects of the problem . absence of any of these aspects is likely to cripple performance and execution . ? ? ? ? ? ? ? please recall that as good as they were the performance measures that i mentioned to you were for a single processor machine . vastly better can be achieved with both soft parallelism ( multithreading ) as well as hard parallelism ( heterogenous network ) . this fo course allows us to step up the reach of the models used . ? ? ? ? ? ? ? in fact i know for a fact that better can be done than what i mentioned in the interview . from work that i have been doing on the integration of the swaption volatility surface on the whole yield curve interest rate model itm and otm instruments can be included in both the callibration , pricing and hedging . ? ? ? ? ? ? ? i look forward hearing back from you soon and particularly to the opportunity of us cooperating . ? ? ? ? ? ? ? best regards ? ? ? ? ? ? ? joao
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Subject: re : storm dale , omer muften ( with the structuring group ) asked us to help in evaluating the different options embedded in the storm contract . however , he promised to provide us with the forward curves regarding the dark fiber ( in europe ) . we are still waiting to receive those . in addition , it seems that the deal structure has " just " changed . i will give you a call to discuss . - samer stinson gibner @ ect 06 / 01 / 00 04 : 33 pm to : samer takriti / enron communications @ enron communications cc : cantekin dincerler / hou / ect @ ect , dale surbey / lon / ect @ ect , vince j kaminski / hou / ect @ ect subject : storm samer : can you please contact dale surbey in london and let him know what you and cantekin doing for the storm transaction . he can be reached by london tie line by dialing 830 3 6726 . thanks , stinson dale : i will be on travel for the next 2 weeks . samer should be able to help you . his extension is 34791 .
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Subject: re : 7 / 14 - - crude oil and nat gas fyi 1 . george hopefully will get us some peaking data soon 2 . george likes tricia ' s new format ( based on meeting with arnold yesterday afternoon which went well ) - - - - - - - - - - - - - - - - - - - - - - forwarded by mike a roberts / hou / ect on 07 / 14 / 2000 07 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - - george hopley 07 / 13 / 2000 09 : 07 pm to : mike a roberts / hou / ect @ ect cc : subject : re : 7 / 14 - - crude oil and nat gas i thought today ' s analysis was good perspective . i found some records of peaking production which will forward over tomorrow . george - - - - - - - - - - - - - - - - - - - - - - forwarded by george hopley / hou / ect on 07 / 13 / 2000 08 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - george hopley 07 / 13 / 2000 08 : 52 pm to : patricia tlapek / hou / ect @ ect cc : subject : re : 7 / 14 - - crude oil and nat gas nice commentary on gas from : patricia tlapek 07 / 13 / 2000 08 : 49 pm to : patricia tlapek / hou / ect @ ect cc : ( bcc : george hopley / hou / ect ) subject : 7 / 14 - - crude oil and nat gas
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Subject: re : research and development charges to gpg vera : in studying the below information , if i am understanding it correctly , only $ 199 . 7 was to be reversed back to the research group and it should have occurred in july . do you not notice this entry either ? please let me know . thanks ! shirley crenshaw - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 08 / 11 / 2000 10 : 08 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 08 / 10 / 2000 02 : 25 pm to : vera apodaca / et & s / enron @ enron cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , pinnamaneni krishnarao / hou / ect @ ect subject : re : research and development charges to gpg vera , we shall talk to the accounting group about the correction . vince 08 / 09 / 2000 03 : 26 pm vera apodaca @ enron vera apodaca @ enron vera apodaca @ enron 08 / 09 / 2000 03 : 26 pm 08 / 09 / 2000 03 : 26 pm to : pinnamaneni krishnarao / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : research and development charges to gpg per mail dated june 15 from kim watson , there was supposed to have occurred a true - up of $ 274 . 7 in july for the fist six months of 2000 . reviewing july actuals , i was not able to locate this entry . would you pls let me know whether this entry was made , if not , when do you intend to process it . thanks .
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Subject: re : summer intern : paulo oliveira vince , both matt and april think that this type of research would be value - additive to ebs . i will be out all next week in a meeting with john griebling and other on a deal that is being worked out . i understand that you are following up with hr on all of our summer intern offers . please make sure palo is given an offer and that he will work with april and matt ( he did talk to matt ) on the topics that april and i suggested . regards , ravi . - - - - - forwarded by ravi thuraisingham / enron communications on 02 / 20 / 00 12 : 41 am - - - - - matt harris 02 / 17 / 00 08 : 08 pm to : ravi thuraisingham / enron communications @ enron communications cc : april hodgson / enron communications @ enron communications subject : re : summer intern : paulo oliveira looks interesting . i would guess that there is a ton of research available ( from @ home , aol , roadrunner , real , microsoft , etc . ) on broadband ' s impact on the strategic value of web properties . compiling this would be very helpful . mh ravi thuraisingham 02 / 17 / 00 12 : 15 pm to : april hodgson / enron communications @ enron communications , matt harris / enron communications @ enron communications cc : subject : summer intern : paulo oliveira hi april & matt , here is additional information on the summer intern that i ' ve mentioned . matt , i know you know nothing about this ! my discussion with april on the possible research topic let me ( & april ) to believe that you would provide great input on what the student can work on while he is here . regards , ravi . ebs research - - - - - forwarded by ravi thuraisingham / enron communications on 02 / 17 / 00 02 : 09 pm - - - - - stinson gibner @ ect 02 / 17 / 00 11 : 23 am to : vince j kaminski / hou / ect @ ect cc : ravi thuraisingham / enron communications @ enron communications , thomas d gros / hou / ect @ ect subject : summer intern : paulo oliveira vince : here is the information that i have on paulo . he would be slated to work for the summer with april hodgeson and matt harris on how streaming media products may add value to advertising or some related area . actually , he would also be a good fit for helping to think ways to analyze our enron on - line data . i have asked if he can send a resume . in the mean time , most of his relevant information is attached below . - - stinson - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 02 / 17 / 2000 11 : 14 am - - - - - - - - - - - - - - - - - - - - - - - - - - - paulo rocha e oliveira on 02 / 10 / 2000 12 : 04 : 56 pm to : " stinson gibner " cc : subject : re : trip to houston stinson , thank you for your e - mail . my phone number is ( 617 ) 492 - 9551 . i graduated from princeton university in 1996 ( mathematics ) , and came straight to mit for a ph . d . in operations management at the sloan schoolof management . in my first three years i took all the required coursework in mathematics , optimization , stochastic processes , etc . , as well as a number of courses in psychology ( at mit and harvard ) . i am working with prof . gabriel bitran , and i am interested in the mathematical modeling of service operations . in particular , i am interested in the interaction between customers and companies ( hence the interest in psychology ) . the ( tentative ) title of my phd thesis is " pricing substitute products on the internet " , and i am sending you the summary which i sent to tom gros a few weeks ago that will give you an idea of what this research is about . thanks again , and i ' m looking forward to meeting you and your research group next week . paulo pricing substitute products on the internet objective : to develop new tools to decide pricing policies for goods and services sold on the internet . motivation : this research is motivated by the fact that traditional choice and optimization models are not appropriate for internet - related businesses . the technological innovations associated with the internet brought about an overload of information which inevitably affects the ways in which consumers make choices . furthermore , companies have a great deal of influence on how much information consumers can have access to . the problem of pricing substitute products is an important strategic issue faced by internet companies . consumers usually search for generic products ( e . g . vcrs or computers ) without knowing exactly what they will buy . companies can show different products and different prices to each consumer . this type of flexibility was not available until the internet came about . the problem of pricing substitute products is not unique to the internet . the methodology developed by this research should be transferable to a number of other settings , such as pricing services . services are unique , and there are many cases where customers will only buy one of many services offered by a given company . our model will help companies decide which services to offer to which customers and how much to charge for these services . research strategy : our research strategy is to divide the pricing problem into two components which can be combined to generate optimal pricing strategies . these components are choice models and optimization models . choice models : choice models describe how customers make choices . the management literature draws on two main sources for these models : psychology and economics . the common approach in psychology models is to use what are called heuristic elimination methods . these methods consist of the elimination of options based on the sequential elimination of features until only one choice remains . these methods tend to be very context - specific and do not lend themselves very easily to mathematical analysis . economists focus on utility - maximing models that are significantly more mathematically tractable than psychological models . the most common economic model of choice is the logit model . the problem with these types of models is that they are not very accurate reflections of how consumer make choices on the internet . the first step in our research will be to develop choice models that capture the interactions going on between customers and companies on the internet . optimization : traditionally , the optimization problem consists of maximizing revenue over a certain planning horizon . on the internet , the problem of maximizing revenue still exists , but there is also a need to learn about customers . short term profit is based on sales , but long term profit is based on how well you know your customers and are able to retain them . the optimization problem must therefore include a short term component ( sales ) and a long term component ( learning ) .
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Subject: re : real options stinson / krishna , paul q , raymond y and i will call 5 . 30 pm houston time thursday afternoon to discuss . that is 8 . 30 am sydney time . if that is not convenient , i will call krishna to arrange another time . regards , paul stinson gibner @ ect 05 / 04 / 2001 07 : 29 am to : paul smith / enron _ development @ enron _ development cc : pinnamaneni krishnarao / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : re : real options paul , krishna and i are thinking that you may be able to book this type of option as a call swaption on power . if you would like to discuss further , let ' s set up a time when we can call you . - - stinson - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 04 / 04 / 2001 04 : 27 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 04 / 02 / 2001 08 : 16 am to : paul smith / enron _ development @ enron _ development cc : stinson gibner / hou / ect @ ect , vince j kaminski / hou / ect @ ect , paul quilkey / enron _ development @ enron _ development , raymond yeow / enron _ development @ enron _ development subject : re : real options paul , we have done a lot of work in this area . i shall call you later today ( monday my time ) , tuesday morning your time with some recommendations . vince p . s . shirley , please send a real options binder to paul . vince from : paul smith @ enron _ development on 03 / 30 / 2001 08 : 42 am zel 0 to : vince j kaminski @ ect cc : paul quilkey / enron _ development @ enron _ development , raymond yeow / enron _ development @ enron _ development subject : real options vince , the sydney office is currently evaluating a proposal that involves an option to participate in building a wind farm . should this proceed , we would like to mark this option " to market " . have the research group completed any work on methods for booking and remarking real options ? alternatively , do you have any suggestions as to the best way to value , and book , real options fairly ? regards paul smith
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Subject: risk management meeting at georgia tech you are welcome to attend the following meeting in the area of quantitative and computational finance and risk management in the mrc auditorium on the georgia tech campus from 1 pm to 6 pm on friday , march 30 th . there will be five speakers that will give presentations on a variety of topics . dr . curt hunter , research director , federal reserve bank of chicago dr . mary mathewes kassis , associate director , georgia state university economic forecasting center dr . alan white , professor of finance , university of toronto , and mr . pete van amson , cfa , cpa , vice president , product management , sungard trading and risk systems dr . dennis wong , vice president , quantitative finance , bank of america securities there is no charge for the event . this will be the inaugural meeting of the atlanta chapter of the global association of risk professionals ( garp ) . you need not be a member of garp to attend the meeting . information about garp can be found at http : / / www . garp . com . we are asking that attendees rsvp so that plans can be made for refreshments . we only ask that you reply to this email or to atlanta @ garp . com before march 21 if you plan to attend . in addition to a break half - way through the afternoon , there will be refreshments immediately following the presentations . this event is sponsored by the master of science in quantitative and computational finance program at georgia tech , sungard trading and risk systems , and suntrust banks , inc . please pass along this announcement to your associates . information about the talks and the speakers dr . curt hunter research director , federal reserve bank of chicago dr . hunter ' s discussion is entitled " lessons learned from recent global financial crises . " since 1990 , major banking and currency crises have occurred in many countries around the world - including mexico and latin america in 1994 , east asia in 1997 - 98 , and russia and brazil in 1998 , among others - with large costs both to the individual countries experiencing the crises and to other nations . as a result , considerable effort has been expended by economists and policymakers to identify the causes of these crises and to design programs with the aim of preventing , if possible , similar crises from occurring in the future , and minimizing the costs when they do occur . this talk reviews the key lessons policymakers have learned from these recent episodes and highlights the role that risk management plays in crisis prevention . dr . william c . ( curt ) hunter is senior vice president and director of research at the federal reserve bank of chicago . he is a member of the bank ' s management committee and serves as the bank ' s chief economist . he is responsible for a staff of 115 professionals and oversees the bank ' s research activities in the areas of monetary policy , banking and financial markets , and regional economics programs . he is also responsible for the bank ' s statistical and financial reports function . dr . hunter is an associate economist on the federal open market committee , the federal reserve system ' s primary monetary policy group . previously , he was a vice president at the federal reserve bank of atlanta and has served on the faculties of the university of georgia , emory university , chicago state university , and northwestern university . he has consulted with numerous foreign central banks , official agencies , and private corporations and serves on the boards of several research and nonprofit organizations . he is co - editor of research in banking and finance and serves on the editorial boards of several academic journals . dr . hunter earned a b . s . degree in 1970 from hampton institute ( now hampton university ) , an mba in finance in 1972 and a ph . d . in finance and environment in 1978 from northwestern university . dr . mary mathewes kassis associate director , georgia state university economic forecasting center dr . kassis will provide her outlook for the georgia and atlanta economies over the next two years . she will focus on economic risks specific to atlanta , including its exposure to the contraction of the it sector , potential over development of office space , and a declining rate of job growth . regardless of your field , this should be a very informative discussion . dr . kassis has been analyzing the southeast economy for over five years . she writes a quarterly report that examines the current economic conditions in 13 southeastern states as well as an outlook for the next couple of years . she also prepares an in - depth quarterly analysis of the outlook for the georgia and atlanta economies . she is regularly quoted in publications such as the wall street journal , the atlanta journal - constitution , and the atlanta business chronicle . dr . kassis received a b . a . in economics and political science from agnes scott college and a ph . d . in economics from georgia state university . dr . alan white professor of finance , university of toronto mr . pete van amson , cfa , cpa vice president , product management , sungard trading and risk systems dr . alan white and mr . peter van amson will discuss applied term structure modeling . sungard has implemented a version of the hull - white term structure model that banks use in measuring and managing the market value sensitivity of various balance sheet components . peter will touch on some of the complexities involved in modeling non - maturity deposits ; with regard to the term structure of interest rates , alan will discuss some of the problems and possible solutions in bridging the divide between what is required from a theoretical standpoint and what is feasible in a production process . dr . alan white is a professor of finance in the joseph l . rotman school of management at the university of toronto . his research is principally in the area of derivative securities , their pricing and their use by financial institutions for risk management . he is most noted for his work on modeling the term structure of interest rates in a way that is consistent with observed market data . recently his research has been focused on the pricing and management of credit risk . professor white has published many scholarly articles , but is perhaps best recognized for providing lucid insights into the practical application and implementation of this research . much of his material is included in the best - selling book hull - white on derivatives , co - authored with john hull . mr . peter van amson is the vice president of product management at sungard trading and risk systems where he is responsible for the development of all functional specifications for the bancware product suite . in this capacity , he frequently interacts with sungard user - committees , leading academics , and other leading industry practitioners . he frequently makes presentations at conferences and seminars sponsored by bai , amifs , the occ , as well as other organizations . prior to working with bancware , peter headed the strategic planning function for the plymouth rock company , one of america ' s most profitable insurance holding companies . in this role , he helped define the company ' s strategic vision as well as being involved in investment analysis , asset / liability management and quantitative profitability aanalysis . peter has a b . s . and m . s . in accounting from the state university of new york at binghamton . he is currently a ph . d . candidate at the university of michigan . peter has received numerous academic awards and honors including the william andrew paton fellowship at the university of michigan and the new york state society of certified public accountants award for academic excellence . dr . dennis wong vice president , quantitative finance , bank of america securities dr . wong will discuss competing vendor approaches to credit risk modeling , including creditmetrics , kmv , creditrisk + and creditportfolio view . these models are viewed in a theoretical framework that identifies migration probabilities , credit exposure and loss aggregation . dr . wong has a ph . d . in mathematical finance from carnegie mellon university . he has given talks and seminars for the american mathematical society , the society for industrial and applied mathematics , the university of toronto , and georgia tech . he is the author of " generalized optimal stopping and financial markets " , published in pitman research notes in mathematics series .
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Subject: re : recovery plan it would be funny if it were not quite so close to the truth !
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Subject: hc collar valuation - update andrea , we computed the hc historical volatility for last 3 years , it is 47 . 2 % . using this volatility , the costless collar call strike is at 83 . 32 . zimin
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Subject: re : houston visit soussan , my assistant , shirley crenshaw , will call you regarding the time of the meeting . right now the afternoon is open . i look forward to meeting you on the 19 th . vince " faiz , soussan " on 03 / 30 / 2000 02 : 31 : 18 pm to : " ' vkamins @ enron . com ' " cc : subject : houston visit dear vince , greetings from ny & hope all is well . as you may recall from the rog real options conference in ny , i ' d indicated the opportunity to visit with you next time i ' m in houston . i ' ll be there during 4 / 18 - 4 / 21 & wonder if we can pls meet on wed . 4 / 19 in your offices . would appreciate it if you can pls let me know whether you ' re available then ( i ' m flexible on the schedule particulars ) . if not , pls let me know whether 4 / 18 ( afternoon ) , 4 / 20 ( afternoon ) , or 4 / 21 ( morning ) will work for you . i really look forward to the opportunity & would appreciate to learn more about how you ' ve instigated the real options thinking in enron and especially its integration within the organizational & incentive matters . many thanks , soussan faiz mgr . of global valuation services texaco inc . ( 914 ) 253 - 4187
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Subject: california update 5 / 4 / 01 if you have any questions , please contact kristin walsh at ( 713 ) 853 - 9510 . bridge loan financing bills may not meet their may 8 th deadline due to lack of support sources report there will not be a vote regarding the authorization for the bond issuance / bridge loan by the may 8 th deadline . any possibility for a deal has reportedly fallen apart . according to sources , both the republicans and democratic caucuses are turning against davis . the democratic caucus is reportedly " unwilling to fight " for davis . many legislative republicans and democrats reportedly do not trust davis and express concern that , once the bonds are issued to replenish the general fund , davis would " double dip " into the fund . clearly there is a lack of good faith between the legislature and the governor . however , it is believed once davis discloses the details of the power contracts negotiated , a bond issuance will take place . additionally , some generator sources have reported that some of the long - term power contracts ( as opposed to those still in development ) require that the bond issuance happen by july 1 , 2001 . if not , the state may be in breach of contract . sources state that if the legislature does not pass the bridge loan legislation by may 8 th , having a bond issuance by july lst will be very difficult . the republicans were planning to offer an alternative plan whereby the state would " eat " the $ 5 billion cost of power spent to date out of the general fund , thereby decreasing the amount of the bond issuance to approximately $ 8 billion . however , the reportedly now are not going to offer even this concession . sources report that the republicans intend to hold out for full disclosure of the governor ' s plan for handling the crisis , including the details and terms of all long - term contracts he has negotiated , before they will support the bond issuance to go forward . currently there are two bills dealing with the bridge loan ; ab 8 x and ab 31 x . ab 8 x authorizes the dwr to sell up to $ 10 billion in bonds . this bill passed the senate in march , but has stalled in the assembly due to a lack of republican support . ab 31 x deals with energy conservation programs for community college districts . however , sources report this bill may be amended to include language relevant to the bond sale by senator bowen , currently in ab 8 x . senator bowen ' s language states that the state should get paid before the utilities from rate payments ( which , if passed , would be likely to cause a socal bankruptcy ) . according to sources close to the republicans in the legislature , republicans do not believe there should be a bridge loan due to money available in the general fund . for instance , tony strickland has stated that only 1 / 2 of the bonds ( or approximately $ 5 billion ) should be issued . other republicans reportedly do not support issuing any bonds . the republicans intend to bring this up in debate on monday . additionally , lehman brothers reportedly also feels that a bridge loan is unnecessary and there are some indications that lehman may back out of the bridge loan . key points of the bridge financing initial loan amount : $ 4 . 125 b lenders : jp morgan $ 2 . 5 b lehman brothers $ 1 . 0 b bear stearns $ 625 m tax exempt portion : of the $ 4 . 125 b ; $ 1 . 6 b is expected to be tax - exempt projected interest rate : taxable rate 5 . 77 % tax - exempt rate 4 . 77 % current projected blended ir : 5 . 38 % maturity date : august 29 , 2001 for more details please contact me at ( 713 ) 853 - 9510 bill sb 6 x passed the senate yesterday , but little can be done at this time the senate passed sb 6 x yesterday , which authorizes $ 5 billion to create the california consumer power and conservation authority . the $ 5 billion authorized under sb 6 x is not the same as the $ 5 billion that must be authorized by the legislature to pay for power already purchased , or the additional amount of bonds that must be authorized to pay for purchasing power going forward . again , the republicans are not in support of these authorizations . without the details of the long - term power contracts the governor has negotiated , the republicans do not know what the final bond amount is that must be issued and that taxpayers will have to pay to support . no further action can be taken regarding the implementation of sb 6 x until it is clarified how and when the state and the utilities get paid for purchasing power . also , there is no staff , defined purpose , etc . for the california public power and conservation authority . however , this can be considered a victory for consumer advocates , who began promoting this idea earlier in the crisis . socal edison and bankruptcy at this point , two events would be likely to trigger a socal bankruptcy . the first would be a legislative rejection of the mou between socal and the governor . the specified deadline for legislative approval of the mou is august 15 th , however , some decision will likely be made earlier . according to sources , the state has yet to sign the mou with socal , though socal has signed it . the republicans are against the mou in its current form and davis and the senate lack the votes needed to pass . if the legislature indicates that it will not pas the mou , socal would likely file for voluntary bankruptcy ( or its creditor - involuntary ) due to the lack operating cash . the second likely triggering event , which is linked directly to the bond issuance , would be an effort by senator bowen to amend sb 31 x ( bridge loan ) stating that the dwr would received 100 % of its payments from ratepayers , then the utilities would receive the residual amount . in other words , the state will get paid before the utilities . if this language is included and passed by the legislature , it appears likely that socal will likely file for bankruptcy . socal is urging the legislature to pay both the utilities and the dwr proportionately from rate payments .
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Subject: re : request thanks vince . this is great . by the way , did you get copies of the journal with our paper ? john at 04 : 59 pm 3 / 23 / 01 - 0600 , you wrote : > > john , > > no problem . > i look forward to it . > > vince > > > > > > " john d . martin " on 03 / 23 / 2001 09 : 04 : 44 am > > to : vkamins @ enron . com > cc : > subject : request > > > vince , > > would you mind making a few luncheon comments to the texas finance festival > group at our sat luncheon ? i struck out with andy and sheridan thought > that you could relate very well to the group . how about it ? > > john > > john d . martin > carr p . collins chair in finance > finance department > baylor university > po box 98004 > waco , tx 76798 > 254 - 710 - 4473 ( office ) > 254 - 710 - 1092 ( fax ) > j _ martin @ baylor . edu > web : http : / / hsb . baylor . edu / html / martinj / home . html > > > > john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html
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Subject: ben zhang timeframe hi , can and should we organize a tag - team baby sitting detail ? aghh ! another weekend that is not my own ! grant . - - - - - - - - - - - - - - - - - - - - - - forwarded by grant masson / hou / ect on 09 / 14 / 2000 08 : 51 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : toni graham @ enron 09 / 13 / 2000 05 : 08 pm to : grant masson / hou / ect @ ect cc : subject : ben zhang timeframe grant , what do you think ? if you really want this guy , you may suggest someone in your group to " entertain " them while they are here . what do you think ? - - - - - - - - - - - - - - - - - - - - - - forwarded by toni graham / corp / enron on 09 / 13 / 2000 04 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - meastman @ qualitec . com on 09 / 13 / 2000 02 : 05 : 53 pm to : cc : subject : ben zhang timeframe toni , i spoke with ben today and he is planning to pay for a trip to bring his wife to houston this weekend and show her around in hopes of overcoming her hesitiation on moving . his question is whether enron will give him the time to bring her down here and then give an answer next week ? if you will let me know how you , grant , and vince feel about that . thanks , mike qualitec professional services , lp accounting - financial - energy risk - tax search consultants mike eastman , cpc president 281 - 647 - 9300 fax 281 - 647 - 0933 email - meastman @ qualitec . com
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Subject: re : from vicky windsor vicky , please , send me your resume . i shall forward it to a number of employees of enron in london with my strongest recommendation . i shall send you the list of names . the resume will make it easier for me to identify good targets . please , make sure you will contact me if there is no reaction . people here are very busy and , as you know , things fall through the cracks . vince vince " vicky windsor " on 10 / 11 / 2000 04 : 49 : 56 am to : vkamins @ enron . com cc : subject : from vicky windsor dear vince , how are you ? well i hope . i hope you don  , t mind me writing to you . you may remember that 5 months ago i left risk publications and moved to a charity . having been here for only a few months , i have decided that this job is not for me ( i miss the buzz of a corporate office ) and i have decided to move back into the corporate sector . because of my previous experience and knowledge of the energy sector , i am very interested in moving into this area . i have always thought that it would be great to work for enron because it is such a dynamic company and i am planning to approach the london office to discuss any opportunities , which might be available . i am particularly interested in product marketing and research , although i am very open - minded at the moment . i wondered whether you could recommend the right person to speak to in london . i know that you are incredibly busy , but any help you can give me would be fantastic vince . thanks and best regards , vicky windsor get your private , free e - mail from msn hotmail at http : / / www . hotmail . com . share information about yourself , create your own public profile at http : / / profiles . msn . com .
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Subject: re : resume , vince , if you are interested in this candidate i would suggest that you talk to him directly . he probably is not a " fit " for the global technology track . thanks , ashley vince j kaminski @ ect 10 / 24 / 2000 04 : 31 pm to : ashley baxter / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : resume , ashley , another student who responded after my presentation . what do you think ? should we talk to him ( research ) directly ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 10 / 24 / 2000 04 : 37 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - jinbaek kim on 10 / 23 / 2000 07 : 25 : 36 pm to : vkamins @ enron . com cc : subject : resume , dear mr . kaminski , hi , i am a ph . d student at ieor department at u . c . berkeley . thanks for your presentation today . it gave me knowledge and interest in electricity markets , and your company . as you mentioned in the presentation , i send a resume to give me opportunity to learn more about your company . i hope i can join the super saturday event . jinbaek - resume . doc
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Subject: freese notis mike : we are currently being billed for freese notis weather . i will need to allocate these charges to the appropriate cost center . if you would like to continue this service i could allocate it directly to your cost center or send you the bill directly . if you know of anyone else who uses this application please let me know and i will split the cost among the departments . thank you , danielle marcinkowski
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Subject: yvan chaxel your name was listed by yvan as a reference on his application for a graduate school tuition loan . your assistance in this process is greatly appreciated .
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Subject: project hi michelle , chris , helen and i met this afternoon and discussed about the project . we think the following course of action is appropriate . the model interface will be in excel spreadsheet , with most of the inputs ( from enron as well as from the consultant ) hiding in an access data base . the access data base can be update when needed . the engine will be written in visual basis code and be linked to excel through xll ( or dll ) . helen has been discussing with ken about various aspects of the model and will finalize the access data table form with ken . in the mean time , helen and i will start working on code this thursday ( she will be in training wednesday ) . best , alex
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Subject: new eprm speakers vince , thanks very much for your help helen - - - - - original message - - - - - from : vince j kaminski to : helen evans cc : stinson gibner date : 10 december 1999 19 : 14 subject : re : new eprm speakers helen , i forwarded your message to my associate stinson gibner whom i can wholeheartedly recommend . vince " helen evans " on 12 / 06 / 99 10 : 29 : 39 am please respond to " helen evans " to : vince j kaminski / hou / ect @ ect cc : subject : new eprm speakers vince , i ' m currently looking to broaden eprm ' s speaker base and would like to find a speaker for a training course i am producing on the monte carlo technique . i was wondering if you might be able to recommend somebody new from enron who might like to speak on this subject . i ' d really appreciate any help you could give me . many thanks helen evans producer , eprm conferences & courses - attl . htm
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Subject: re : recruiting a response from jean . . . - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin kindall / corp / enron on 11 / 06 / 2000 03 : 50 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - jean eisel on 11 / 06 / 2000 03 : 34 : 05 pm to : kevin . kindall @ enron . com cc : sgould @ andrew . cmu . edu subject : re : recruiting hi kevin wow you sure do pack one e - mail . i will try to answer questions . . . after each of you . . . look in the email for answers . - - on monday , november 06 , 2000 , 2 : 39 pm - 0600 kevin . kindall @ enron . com wrote : > hello . it was a pleasure to come back to cmu , and i enjoyed > interacting with the students . vince k . has expressed interest in > interviewing the computational finance students . enron will conduct first > round interviews with the mba students in december , and would like to set > up seperate interviews for the comp . fin . students . enron would like to > interview all the pittsburgh based comp . fin students , and we need to > select a date and a time . we are excited that you want to interview the comp finance students . do you want to do it in dec . or before ? let me know what best suits you . since there are only 16 individuals in the pittsburgh area . . . we should be able to accomodate you . . . would you want one or two schedules . . ? what is the formal protocol in such matters ? > all you need to do is let me know some ideal dates . . . and you send a job description and names of the students you want to interview . we will try to be as accomodating as possible . > enron is also interested in the ecommerce students as we have > ecommerce initiatives underway . it is my understanding that kristen > gandy will be the contact for such activities . if you can send me an e - mail address for kristen , i can get this strating asap . > > regarding a houston based satellite program , vince needs a proposal > in writing . would you be so kind as to send one ? what program is vince interested in having a satellite program ? when he was here he seemed less intererted in comp finance and more interested in e - commerce . i sent a note to michael shamos and tridas discussing this . let me know which program and i will see if we can work anything out ? > thanks so much , and i look forward to seeing you again in a few > weeks . > thanks kevin for you speedy response . > > > > jean e . eisel , ph . d . associate dean , admissions , coc and alumni relations gsia carnegie mellon university pittsburgh , pa 15213 412 - 268 - 2277 412 - 268 - 4146 ( fax ) currently in the news : carnegie mellon university mba program ranked 14 th in business week ' s list of the best graduate schools of business in the united states .
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Subject: re : important - prc mtg hi dorn & john , as you discovered recently , i am still ' officially ' in vince kaminski ' s group ( my original enron corp . group ) . this holds true for shalesh ganjoo as well . i did not explicitly pick dorn or john as reviewers thinking that they will show up automatically as a result of my assumed reporting structure . so , vince has agreed to ' host ' the review in his group and proceed to transfer me over to ebs officially when this quarter is overs ( apprently that was scheduled to be automatic ) . in the mean time , vasant , stinson or vince would like to get a e - mail from either dorn or john regarding my performance from their perspective for consideration as soon as possible . i had plan on being on vacation starting tomorrow and have made arrangement with my family already . since i am not reviewing shalesh directly ( since he is in research under stionson ) , i am assuming i don ' t have to attend the review meetin tommorrow . i ' ll be on the road starting in the morning . if i change this , i am told at home , that i will be in the market for another family ! i can phone in if that is okay . kayla , could you page me with the details ? regards , ravi .
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Subject: rtp project john and krishna , i am sending you an outline of a conference at stanford on topics related to demand - side pricing and management in the power markets . please , let me know if you are personally interested and who else in your respective organizations would like to attend . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 03 / 19 / 2001 08 : 10 am - - - - - - - - - - - - - - - - - - - - - - - - - - - hill huntington on 03 / 15 / 2001 05 : 26 : 55 pm to : vkamins @ enron . com cc : subject : rtp project vince , targetted conference date is th - f june 21 - 22 at stanford . enclosed in the recent revision to what i sent before . great to meet you , hill - retail notes . rtf hillard g . huntington emf - an international forum on energy and environmental markets voice : ( 650 ) 723 - 1050 408 terman center fax : ( 650 ) 725 - 5362 stanford university email : hillh @ stanford . edu stanford , ca 94305 - 4026 emf website : http : / / www . stanford . edu / group / emf /
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Subject: btu ' s daily power report - eastern edition attached is the latest issue of btu ' s daily power report : eastern edition e - mail : info @ btu . net phone : 732 - 758 - 8222 fax : 732 - 758 - 8286 - peo 71100 . pdf
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Subject: clayton vernon kevin , vasant and i talked to clayton about his request for transfer . clayton received a conditional approval contingent upon completion of the current project he works on . vasant will formulate exact definition of the deliverables and we will hold clayton to it . if he fails to deliver the request for transfer will be rejected . anything else would be highly demoralizing to everybody . clayton has so far produced exactly zero ( no single output was delivered ) though he was advertising the projects inside and outside the group as completed . i want you to be aware of it , because i have serious doubts regarding clayton ' s integrity . vince
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Subject: referral mr . kaminski , i have attached a resume below i thought you might find of interest , it is from a business school acquaintance of mine , denis suvorov . denis is a highly intelligent ph . d . candidate at my former school and is currently looking for opportunities within a research / modelling framework . he has significant academic experience working on asset pricing models and after speaking with pavel zadorozhny about his background and objectives , he recommended i forward a copy of his credentials to you . i hope this is suitable and would be of interest to you . thanks , matthew frank
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Subject: 2001 budget i need your help . . . i did a quick comparison for the 2000 and 2001 budget and i am showing a significant increase from last year . did we have an increase in headcount ? i do not know your actual budget for 2000 . i used the information for the last 5 months of 2000 budget to estimate for the year ( see 2000 budget tab in the attached file ) . the attached file contains the following tabs : budget vs budget comparison of 2000 vs 2001 allocation allocation - please allocate the rest of the 21 . 7 % to ena 2000 budget estimated 2000 budget based on the last 5 months information research 2001 budget the calculation for taxes and benefits does not equal to the calculation in your template ( corp ) . plus , i have to add a & a overhead cost that corp will bill us for a & a program ( line 78 ) . can we meet to discuss the allocation to ena and the increase in plan ? i am open all week except for wednesday between 10 and 11 . thank you .
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Subject: june 21 - 22 retail electricity conference dear workshop participant : i hope you will be able to join us for the conference on " retail participation in competitive power markets " to be held at the littlefield conference center , stanford university , on june 21 - 22 , 2001 . conference attire will be business casual . the meeting will begin on thursday morning , june 21 , at 9 : 00 a . m . and will conclude by 5 : 00 p . m . on friday , june 22 . a continental breakfast will be available in the meeting room each morning beginning at 8 : 30 a . m . please visit the " june 21 - 22 " meeting under for a description of the meeting and some information about hotels . please help us in our planning by using the form there to respond back to emf about your participation . we have listed potential participants and planned presentations based upon previous messages . please update me with any additional presentations or changes in existing presentations . i look forward to seeing you in june . in the interim , please do not hesitate to call me or email me if you have questions or suggestions regarding this workshop . hill huntington hillard g . huntington emf - an international forum on energy and environmental markets voice : ( 650 ) 723 - 1050 408 terman center fax : ( 650 ) 725 - 5362 stanford university email : hillh @ stanford . edu stanford , ca 94305 - 4026 emf website : http : / / www . stanford . edu / group / emf /
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Subject: uk inflation presentation deal all , please find attached a copy from a presentation on uk inflation we gave this morning to john sherriff , president & coo enron europe . it summarizes the results of our work on inflation so far . as you know the long term models still remain to be approved . as today is quarter end and there is a significant p & l effect on a mtm basis john sherriff would like to proceed as soon as possible with the new curves . thank you all for all your help ! best regards , martina x 34327
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Subject: re : rollover of my vacation days to 2001 krishna , no problem . approved . vince pinnamaneni krishnarao 12 / 11 / 2000 06 : 28 pm to : vince j kaminski / hou / ect @ ect cc : subject : rollover of my vacation days to 2001 vince : i would like to rollover my vacation days for 2000 remaining at the end of this year to 2001 . i could not use us all of my available vacation this year because of the following reasons : 1 . as you know , i have been supporting three business units ( ees , epg & enron india ) this year . all these units had difficult and relatively long projects that required experience in energy markets , derivatives pricing and business knowledge that i had gained over the last few years at enron . 2 . there has been a significant change in the team members reporting to me . i now have six people under me compared to only three at the begin of the year . of the current six members , five joined us only this year and most of them didn ' t have any prior work experience , thus requiring a lot of my time in recruiting , training and mentoring . 3 . given that i had to visit our bombay office in january , 2000 for a business trip ( 10 days ) and will need to go there again in january , 2001 , i could not take leave from my work for the other two units ( ees & epg ) for an extended period of time . so , in summary , this year has been a long and challenging one , and as a result , i could not take vacation for more than a few days . i request you to grant the rollover of my remaining vacation to next year . currently i have 136 hours of vacation available and , of these , i expect to have 112 hours unused at the end of this year . thank you , krishna .
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Subject: re : info help . krishna , niclas introduces himself as an associate in the research group . i think we should clarify his status . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 08 / 15 / 2000 05 : 53 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " michael schilmoeller " on 08 / 15 / 2000 11 : 08 : 06 am to : notes : niclas . egmar @ enron cc : vkamins @ enron . com , grant _ masson @ pgn . com , stinson _ gibner @ pgn . com subject : re : info help . hi niclas , i am in the middle of preparing some presentations right now , so it might be more productive to speak by phone ( 503 - 464 - 8430 ) . please leave your number , if you get my voicemail . to get you started , you might see if you can get access to the ferc gads database of plant forced and planned availability . it seems others in research have asked about this , so you may already have this at your disposal . the eia has a good electronic database of plant for and por available for free ( http : / / www . nerc . com / ~ esd / ) . i know alexios in re / ees has this . if you wanted to do it the hard way , you can also ask jaison to access the epa ' s cems data he has summarized on a machine there in research . it contains hourly plant operation for every unit over about 50 mw , which you could aggregate up . the wscc 10 - year forecast of new plant construction and loads is a good place to start for plant construction information , but suffers from some notorious " self - reporting " error . it is available in pdf form from the web site http : / / www . wscc . com / . other sources that should be more near - term , but more accurate are the cec inventory of plants ( http : / / www . energy . ca . gov / ) and the bpa whitebook ( http : / / www . transmission . bpa . gov ) . as far as basic economic data is concerned , you can either rely on the reported utility forecasts for loads , or you can go to fundamental data . the ultimate source of the census data collected by the us dept of commerce , which you can buy on cdrom for cheap . it would have this kind of information by sic code , by zip code . you may also have access to one of the economic forecasting businesses ( wharton ' s wefa , dri , etc . ) they have this in highly digested and complete form . btw , tim heizenrader , who runs fundamental analysis and research on the west desk , is a sharp cookie and should have all this under control . is your client aware of this resource ? give me a buzz and we can talk more , michael > > > niclas egmar / hou / ees @ enron 08 / 14 / 00 12 : 49 pm > > > michael , i ' m an analyst in the research group . i would like your help with finding some information specific for the west coast . a new analyst on the west power desk needs information on planned outages and planned new generation . he is studying the long - term fundamentals of electricity volatility on the west coastso so he also needs info on housing starts , computer sales or industrial production figures for computer manufacturing , growth of start - up companies , and population stats . any help in finding the needed info would be greatly appreciated . contact me or daniel kang ( new analyst ) . niclas - text . htm
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Subject: poten & partners forecasts fyi marg . - - - - - - - - - - - - - - - - - - - - - - forwarded by margaret carson / corp / enron on 01 / 21 / 2000 07 : 31 am - - - - - - - - - - - - - - - - - - - - - - - - - - - doug leach @ ect 01 / 21 / 2000 07 : 00 am to : guy dayvault / corp / enron @ enron cc : margaret carson / corp / enron @ enron , rob bradley / corp / enron @ enron , jim goughary / hou / ect @ ect , ted robinson / hou / ect @ ect , wade doshier / hou / ect @ ect , david j botchlett / hou / ect @ ect , john l nowlan / hou / ect @ ect subject : poten & partners fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by doug leach / hou / ect on 01 / 21 / 2000 06 : 58 am - - - - - - - - - - - - - - - - - - - - - - - - - - - doug leach 01 / 20 / 2000 03 : 47 pm to : michael l brown / enron _ development @ enron _ development cc : david a terlip / enron _ development @ enron _ development , kevin beasley / lon / ect @ ect , john chismar / sin / ect @ ect , michel decnop / sin / ect @ ect , maurizio la noce / enron _ development @ enron _ development , marc de la roche / hou / ect @ ect subject : poten & partners just some of george gail ' s observations : he expects wti crude prices to return to a range of $ 19 - $ 22 / barrel by 2 q 2000 ( brent $ 18 - $ 20 ) although emotions rather than fundamentals will continue to drive the market . saudi ' s sold cal 00 naphtha at $ 8 m / t over the platt ' s ag mean and the kuwaiti ' s are offer their naphtha at $ 11 m / t over the mean . enoc offered 700 , 000 tons of term naphtha and only sold 200 , 000 tons . adnoc ' s splitters should add even more naphtha supplies to the market . koch has closed their rotterdam splitter due to poor economics . not necessarily a permanent shutdown . he expects the brent / dubai spread to return to more normal $ 1 - $ 1 . 25 / barrel . regarding condensate he predicts that actual demand will drive the market and there will be less bottomfeeding by the japanese and other refiners . he does feel the new splitters will reduce the worldwide volumes available , but that there will still be adequate supplies . he thinks crack spreads for refiners will still be weak during cal 00 . although some resid demand will be displaced by natural gas or lng , he expects fairly stable differentials to crude . he expects strong us gasoline demand , but limits his demand growth projection to 1 % for the year .
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Subject: introduction vince : as way of introduction , i wanted to write a bit about mars inc . and then about cds , the unit i head . mars is a private company , considered to be the largest privately owned manufacturing company in the world . mars is not in the habit of disclosing its finances , so the best i could do is refer to forbes ' estimate of $ 15 billion annual revenue and to the profit margins of similar companies between 5 - 12 % . mars is in the business of manufacturing confectionery ( m & m , dove bar , skittles , twix , - all ( r ) ) food ( uncle ben rice ( r ) ) pet food ( pedigree , whiskas waltham ( r ) ) and other products . mars has prospered during the years because of a unique philosophy that emphasizes the long term goals of the company . part of the philosophy is to look for win - win solutions with its suppliers , customers and partners . as can be understood from the nature of the company , a large chunk of its expenses goes towards purchasing commodity like products , and hence the history of researching those commodities and the weather that influences their supply and the demand ( people eat less ice cream in the winter and less chocolate in the summer ) . cds has a history of few decades in forecasting weather and has been very successful , with an envious track record , in helping mars get a competitive advantage in these arenas . cds is a global group ( in 4 countries across two continents ) which supports the purchasing function and the corporate at large in these and other arenas . it is a multidiscipline and multinational team with a lot to offer . not having a ready access to the energy markets , and with a risk profile based on manufacturing expertise , mars has decided to look for potential partners in this area . enron presence in the market place certainly makes it an interesting party to talk to . in talking to enron , we are careful to suggest that mars is not committing to anything at this point , and all we are after is to find out if there is an interest to pursue the opportunity we discussed in the future . i am looking forward to our video conference call . kind regards , avi - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - avi i . hauser phd mba cds director 100 international drive mt olive nj 07828 - 1383 + 1 973 691 3664 ( office ) + 1 973 347 8189 ( fax ) + 1 973 727 3622 ( car + slow paging ) hauser @ cdsusa . com
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Subject: datren williams acceptance fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 10 / 10 / 2000 08 : 10 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - carol coats 09 / 29 / 2000 02 : 36 pm to : celeste roberts / hou / ect @ ect cc : stinson gibner / hou / ect @ ect subject : datren williams acceptance celeste , i just received datren williams ' acceptance with the following note attached : " my graduation date ( ph . d . candidate from lsu ) is dec . 2000 . celeste roberts has informed me that i would have the option of starting work feb . 2001 . i am under the impression that i will start in feb . 2001 . my offer letter has a start date of aug . 2001 . if this is a problem , please give me a call . looking forward to working at enron . thanks a million , datren w . " please let me know if he may in fact start in feb . 2001 , and if so , do you have a specific date for him , or may he choose ? thanks , celeste , carol
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Subject: meeting confirmation / discussion points fyi . - - - - - - - - - - - - - - - - - - - - - - forwarded by pinnamaneni krishnarao / hou / ect on 08 / 03 / 2000 08 : 16 am - - - - - - - - - - - - - - - - - - - - - - - - - - - david foti @ ees 08 / 02 / 2000 05 : 06 pm to : pinnamaneni krishnarao / hou / ect @ ect , minal dalia / hou / ees @ ees , sanjay agarwal / hou / ees @ ees , naveen andrews / corp / enron @ enron cc : scott stoness / hou / ees @ ees subject : meeting confirmation / discussion points tariff var project kick - off meeting time : 8 / 3 ; 2 - 3 pm location : eb 612 = = = = = = = = = = = = = per the 8 / 2 lunch meeting between research , rac , and the tariff group , there developed a consensus to : develop a high level value - at - risk model within a 4 - 8 week time frame to use for initial risk measurement and hedging purposes accommodate links for critical variables such as interest rates , load growth , and inflation provide " knobs " for less quantifiable factors such as rate case frequency , rate methodology , etc . collaborate with the tariff forecasting team , to have consistent assumptions and logic . proposed agenda for our meeting : discuss the relationship of this project to other ongoing projects review existing t & d forecast model ( decide whether it ' s a starting point or not - attached for your review ) discuss approach ( methodology and technology ) assign responsibilities develop project guidelines and timeline see worksheets , " diagram " , " graph " , " exposure "
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Subject: skunkworks meeting - bi - weekly shirley and i have scheduled the skunkworks ' meetings with scott tholan beginning wednesday , july 5 from 2 : 00 to 3 : 30 . this meeting will take place every other wednesday ( same time and place ) for the next few months . these meetings will be held in ebl 938 . please mark your calendar , and if you have any serious conflicts , please let either shirley or me know . thanks , sharon 5 - 7212
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Subject: re : part - time work cantekin , i shall call you tomorrow to discuss the details . vince " cantekin dincerler " on 09 / 18 / 2000 02 : 59 : 41 pm please respond to to : cc : subject : part - time work hi vince , i promised to get back to you on the part - time work issue . sorry for the delay , i got back to austin only last week . i talked to ehud about this and he is ok with it . just wanted to let you know . best , - - - - - - - - - oooo - - - - - oooo - - - - - - - - - - cantekin dincerler doctoral candidate the university of texas at austin graduate school of business department of finance office : ( 512 ) 471 - 1676 fax : ( 512 ) 471 - 5073 home : ( 512 ) 472 - 5356 cell : ( 512 ) 680 - 5355 http : / / uts . cc . utexas . edu / ~ cantekin - - - - - - - - - - - - - oooo - - - - - oooo - - - - - - - - - -
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Subject: re : enron weather research good afternoon mike : i certainly am interested in determining if there may be a potential fit there at enron . i am very enthusiastic to apply my finance and meteorology backgrounds in a market - based environment that is driven to achieve unprecedented efficiencies . attached are two documents : 1 ) a business - focused resume , and 2 ) an abbreviated meteorology cv . graduate meteorology coursework included advanced atmospheric dynamics i and ii , advanced physical meteorology , boundary layer modeling , numerical modeling , research methods in meteorology , and turbulence . i will look forward to hearing from you . sincerely , greg hunt - - - - - original message - - - - - from : to : cc : ; ; sent : friday , april 27 , 2001 9 : 12 am subject : enron weather research > > greg , > > hello , and by way of introduction , we were forwarded your e - mail address by > heather thorne . > > i understand you have an m . s . in meteorology as well as an m . b . a . in > finance , and have done some research at livermore . > > i ' d be happy to learn more about your activities , and , if you are > interested , to see if there may be a potential fit here at enron . > > can you e - mail your resume with a description of your coursework and > research activities ? > > looking forward to hearing from you , > > mike roberts > vice president - research > - greg hunt _ resume _ 4 - 27 - 01 . doc - greg hunt _ cv _ meteorology _ 4 - 27 - 01 . doc
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Subject: re : super saturday interviews vince - that is not a problem . we will not schedule you for a dinner . thanks for your help with interviews ! beth vince j kaminski 05 / 31 / 2000 06 : 04 pm to : beth miertschin / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect subject : re : super saturday interviews beth , please , let me know about friday night . i want to know if i should dress up for dinner . i am very busy and i would be glad to skip dinner if you have enough people to cover it . vince from : beth miertschin 05 / 31 / 2000 05 : 19 pm to : vince j kaminski / hou / ect @ ect cc : subject : super saturday interviews - - - - - - - - - - - - - - - - - - - - - - forwarded by beth miertschin / hou / ect on 05 / 31 / 2000 05 : 19 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : beth miertschin 05 / 31 / 2000 01 : 51 pm to : kevin ruscitti / hou / ect @ ect , tom adams / hou / ees @ ees , harold bertram / hou / ect @ ect , ted c bland / hou / ect @ ect , w tom byargeon / hou / ect @ ect , rogers herndon / hou / ect @ ect , kevin mcgowan / corp / enron @ enron , cindy skinner / hou / ect @ ect , mark tawney / hou / ect @ ect , greg woulfe / hou / ect @ ect , matthew arnold / hou / ect @ ect , keith holst / hou / ect @ ect , elspeth inglis / corp / enron @ enron , kim melodick / hou / ect @ ect , sheila walton / hou / ect @ ect , janet r dietrich / hou / ect @ ect , gary hickerson / hou / ect @ ect , vince j kaminski / hou / ect @ ect , george mcclellan / hou / ect @ ect , julia murray / hou / ect @ ect , jere c overdyke / hou / ect @ ect , jeffrey a shankman / hou / ect @ ect , fran l mayes / hou / ect @ ect , dave hill / corp / enron @ enron , brad mcsherry / hou / ect @ ect , toni graham / corp / enron @ enron , james a ajello / hou / ect @ ect , phillip k allen / hou / ect @ ect , edward d baughman / hou / ect @ ect , sally beck / hou / ect @ ect , bob crane / hou / ect @ ect , david oxley / hou / ect @ ect , kevin m presto / hou / ect @ ect , daniel reck / hou / ect @ ect , hunter s shively / hou / ect @ ect , cedric burgher / corp / enron @ enron cc : ginger b gamble / hou / ect @ ect , shelly jones / hou / ect @ ect subject : super saturday interviews thank you for volunteering to interview this super saturday , june 3 rd . we are working on the interview schedule and you will be receiving an interview packet no later than friday morning . please let us know as soon as possible if you have any conflicts and will not be able to participate . we appreciate your support of the associate / analyst program . beth miertschin
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Subject: december 22 - srrs decommissioning notification srrs decommissioning notification we are one @ enron effective friday december 22 , 2000 , you will have a new security request database : in the past , enron corporate / north american users have used the security resource request system ( srrs ) lotus notes database for their security request needs including new hire / contractor / temporary access and terminations . in response to the business reorganization , the it security and controls group is working to streamline enron  , s security request structure and create one single request database for all groups to use , erequest , located at http : / / itcentral . enron . com / please click on the following link to retrieve the erequest training guide : a great deal of effort has been put into this project to eliminate any duplicate security requests in enron ' s global enterprise . when you attempt to access the srrs through lotus notes on dec . 22 , you will find a link to the new erequest system . if you have additional questions regarding your new security request or if you have any problems with the erequest system , please contact information risk management at 713 . 853 - 5536 . thank you information risk management
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Subject: re : fw : opportunities vince i will call you on monday . i understand that unexpected meetings are a matter of life in today ' s world . gerry - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : friday , october 27 , 2000 3 : 12 pm to : gsheble @ iastate . edu cc : vince . j . kaminski @ enron . com subject : re : fw : opportunities gerry , i may have unexpected meeting ( s ) in the morning . please , keep trying and i shall try to call you as well . vince " sheble , g . b . " on 10 / 27 / 2000 09 : 09 : 16 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : re : fw : opportunities vince since we were not able to connect this morning , would you identify any other time as convenient for you ? should i try monday morning ? thank you gerry = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = gerald b . shebl , professor , electrical and computer engineering director of complex adaptive systems program 1115 coover hall ames , iowa 50011 voice : 515 . 294 . 3046 fax : 515 . 294 . 4263 email : gsheble @ iastate . edu web : http : / / www . ee . iastate . edu / ~ sheble / = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
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Subject: change of coordinates dear friends and colleagues , effective immediately , i have returned to the university of pennsylvania . the usual automatically - generated contact info should appear below ; please update your files . best regards , frank - - francis x . diebold department of economics university of pennsylvania 3718 locust walk philadelphia , pa 19104 - 6297 fdiebold @ mail . sas . upenn . edu http : / / www . ssc . upenn . edu / ~ diebold ( 215 ) 898 - 1507 telephone ( 215 ) 573 - 4217 fax
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Subject: invitations to presentation only hi christie , when do you sleep ? 2 am , ugh ! ok , you were correct , my invitation was to those people within enron that the students talked with before interviewing competitors , and it was an invitation to the presentation only . i didn ' t think any of them would be invited to the dinner , and probably none will even come to the presentation . the invitation did elicit one request for the final report though , so maybe it wasn ' t a complete waste . i didn ' t realize that the dinner had turned into a box visit . that sounds great . i wish the group could have made it to dinner before the first game , that would have made the whole slumming experience better . now they ' ll get the royal treatment at enron field . it ' ll be great . vince invited 4 people from rice : dennis w . loughridge , director of energy consortium ; lounghrid @ rice . edu carrie miller , director of mba program ; cmiller @ rice . edu deborah barrett , inst . communications , barrett @ rice . edu dr . wil uecker , associate dean for executive education , uecker @ rice . edu loughridge wrote back saying he ' ll come , i don ' t know about the others here are the 6 students emails : " ritwik \ ( ronnie \ ) ghosh " , " ivy ghose " , " luigi calabrese " , " pravas sud " , " syed \ ( farhan \ ) iqbal " your 2 from rice makes a total of 12 from rice , i guess let me know if you would like me to do anything else related to monday look forward to seeing you then ken
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Subject: re : rabi de ' s sign on bonus sorry vince i have been out of town . please give me a call tomorrow .
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Subject: interview - thomas barkley 11 / 9 / 00 attached please find the resume , interview schedule , and evaluation form for thomas barkley . thomas is interviewing on thursday , november 9 , 2000 beginning at 8 : 00 a . m . please contact me with any comments or concerns . thank you , cheryl arguijo staffing coordinator 713 - 345 - 4016 - thomasbarkley . pdf ,
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Subject: re : summer work . . jinbaek , thanks for your message . we have a number of additional fascinating projects that you can work on . as a matter of fact , it would be great to have you here earlier . vince " jinbaek kim " on 05 / 02 / 2001 05 : 18 : 32 am to : , " raghavan , suresh " , " mesquita , ross " cc : subject : summer work . . long time no see , how have you been . . . must be busy and living a challenging life ? i have been pretty busy too , to finish a project and write a paper , these days . everything looks going ok for my summer internship . i took necessary steps to work out of campus , and sent signed contract to molly a week ago . . here is what i am expecting to do in the summer . please let me know if you have any change in mind . actually , i wonder a little bit if dealbench changed its business model . . . and maybe you got priority in something different because it has been quite a while since we talked . i ' d like to what ' s going on in dealbench team . . . raghavan and ross , if we talk over phone it will be great ! dr . kaminski , if you think there is something else interesting to work with during the summer , to both you and i , please let me know . my interest is auction , market design , and simulation . i am taking a financial engineering class , ( mostly on option pricing ) and working on electricity generator valuation problem based on spark spread option . all of you , let ' s keep in touch until we meet in june ! ! best regards , jinbaek tentative work period : 6 / 4 - 8 / 4 1 . tasks : 1 ) survey on auctions : the state of art single - item auction , multi - unit auction , sequential auction , multi - attribute auction , combinatorial auction - theoretical - experimental - algorithmical 2 ) deal bench ' s auction model analysis 2 . deliverables : 1 ) 3 presentations : - lst presentation : around 6 / 30 : on different auction types and researches - 2 nd presentation : around 7 / 15 : the state of art in auction studies - 3 rd presentation : around 8 / 1 : deal bench ' s model analysis 2 ) report : summary of auction study in laymen ' s term deal bench ' s model analysis
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Subject: hedging lng volumes stinson / vince , i think this is important to know . regards , sandeep . - - - - - - - - - - - - - - - - - - - - - - forwarded by sandeep kohli / enron _ development on 03 / 28 / 2001 08 : 23 am - - - - - - - - - - - - - - - - - - - - - - - - - - - anshuman srivastav 03 / 28 / 2001 06 : 32 : 20 am to : marc de la roche @ ect cc : tushar dhruv @ enron , doug leach @ ect , mohan gurunath / enron _ development @ enron _ development , rajesh sivaraman / enron _ development @ enron _ development , shubh shrivastava / enron _ development @ enron _ development , mukesh tyagi / enron _ development @ enron _ development ( bcc : sandeep kohli / enron _ development ) subject : hedging lng volumes hi marc , dpc would like a swap to hedge its price expsoure on lng . we do understand that there exists a basis risk between jcc ( the lng spa index ) and brent ( the market index for the product ) and will bear such risk . we also appreciate the fact that this is a financial product and irrespective of actual consumption , we will still have to bear the burden ( if any ) of the swap . fuel - lng indexed to jcc ( closely correlated to brent futures ) period volumes ( tbtu ) volumes ( mt ) volumes ( jcc bbls ) january 2002 to december 2002 33 . 61 650 , 000 9 , 127 , 049 january 2003 to december 2003 48 . 63 940 , 000 13 , 207 , 496 january 2004 to december 2004 48 . 63 940 , 000 13 , 207 , 496 crude swap price : can we look at a ' dirty ' hedge and get a crude ( $ / bbl ) swap price . like any other regular swap , this will be a monthly settle product . the above conversions from mt to bbls are based on lng conversion factors . ( 14 . 04 bbls / mt ) . we also would like to understand the requirements of the credit group to put this hedge in place . please indicate the process as well as the security mechanisms to provide adequate credit support for the swap . please call me ( 98210 38711 ) or rajesh ( 98201 88310 ) for any additional info . regards , anshuman
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Subject: re : hello molly , kim watson would like us to bring jacob for another interview . we can do it later this week . vince vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 01 / 2001 02 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : kimberly watson / enron @ enronxgate on 05 / 01 / 2001 09 : 17 am to : vince j kaminski / hou / ect @ ect cc : subject : re : hello hi vince , if you are still interested in bringing back this gentleman back for another interview , i would very much like to meet with him . sean talked with him when you brought him in a few weeks ago and he thought it would be a good idea for me to meet with him so we can compare thoughts . thanks , kim . - - - - - original message - - - - - from : kaminski , vince sent : monday , april 16 , 2001 1 : 21 pm to : watson , kimberly cc : krishnarao , pinnamaneni ; kaminski , vince subject : re : hello kim , this is a letter from one of the job applicants who works for pros . it seems that the system they develop for williams is more a scheduling system . would you like to ask him to come back for another interview , to get more information out of him ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 16 / 2001 01 : 18 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " jacob y . kang " on 04 / 11 / 2001 11 : 18 : 44 pm to : vince . j . kaminski @ enron . com cc : subject : re : hello dear vince : it was so nice meeting and talking with you too . i did not take any pen back , i lost my pen too somewhere in enron . as i mentioned to you , after i got my ph . d in 1999 , i have been working two years as lead scientist and science manager in energy division at pros revenue management inc . in houston . i developed and implemented the mathematical models for trading optimization system and firm transportation optimization system . the trading optimization system becomes the most popular product in the industry this year . duke energy just signed the contract to buy this product yesterday . conoco and williams also signed the contracts for it . according to pros sales department , the potential marketer to buy this product exceeds 15 companies in one or two years . enron is the ideal place for me to continue my research and system developing efforts to combine revenue management with risk management . i am confident that i can make significant contributions to enron in this area . i would like to thank you again for giving me this opportunity to come to enron for this interview . i am looking forward to having the opportunity to work in enron . sincerely yours jacob - - - vince . j . kaminski @ enron . com wrote : > jacob , > > it was nice meeting you . did take by any chance > my pen ? if not , i apologize . > > vince > do you yahoo ! ? get email at your own domain with yahoo ! mail . http : / / personal . mail . yahoo . com /
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Subject: pozdrowienia piotr , dziekuje za wiadomosc . bede prawdopodobnie w londynie w koncu wrzesnia . ciesze sie , ze wszystko idzie pomyslnie . odezwij sie , jesli bedziesz przyjezdzal do stanow . rozmawialem ostatnio z twoim kolega , avi hauser . wicek wincenty kaminski 10 snowbird the woodlands , tx 77381 phone : ( 281 ) 367 5377 ( h ) ( 713 ) 853 3848 ( o ) cell : ( 713 ) 898 9960 ( 713 ) 410 5396 ( office mobile phone )
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Subject: professor bambos ' visit to enron on monday , august 21 st vince / stinson : i have made the following appointments for professor bambos : monday , august 21 st 9 : 00 am jim fallon 2 : 00 pm john echols john echols ' assistant would like me to send her an email concerning the subject / reason for the visit with john . please let me know . thanks ! shirley
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Subject: flat screens hello , we are still in need of flat screens . we need two for trisha tlapek and two for michael sergeev . their locations are eb 3132 b and eb 3131 b . we have been waiting for these screens for some time now . will you please provide me with the e . t . a . thanks kevin moore - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 01 / 05 / 2000 01 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - kevin g moore 12 / 15 / 99 10 : 38 am to : lyn malina / hou / ect @ ect cc : subject : flat screens e . t . a . thanks kevin moore
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Subject: re : christmas basket list goodmorning , this is the last e - mail regarding christmas baskets . here is a detailed disussion for the baskets . thanks kevin moore - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 08 / 2000 10 : 41 am - - - - - - - - - - - - - - - - - - - - - - - - - - - kevin g moore 12 / 07 / 2000 01 : 55 pm to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a roberts / hou / ect @ ect cc : subject : re : christmas basket list here is the completed list for the year 2000 total $ 1470 . 00 thanks kevin moore kevin g moore 12 / 05 / 2000 10 : 56 am to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a roberts / hou / ect @ ect , jose marquez / corp / enron @ enron , stinson gibner / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , anita dupont / na / enron @ enron cc : subject : re : christmas basket list here is the updated list that we have for christmas . the orders will be placed on dec . 12 th . the orders will arrive at the enron building dec . 19 th . and all outside orders will arrive before dec . 22 nd . please inform , if this is okay . thanks kevin moore i will discuss cost with vince after meeting with bill on friday . kevin g moore 12 / 01 / 2000 09 : 26 am to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a roberts / hou / ect @ ect , jose marquez / corp / enron @ enron , stinson gibner / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , anita dupont / na / enron @ enron cc : subject : christmas basket list hello everyone , we are nearing the time to get the baskets and other christmas tokens sent out . as in every year , we do take the time to send tokens of appreciation for services rendered , or share the christmas sprit with those we feel worthty . here is the list that i have already , approved by vince . if there are any additions please inform me a . s . a . p . the deadline is december 12 th , as i will be meeting with the owner of floral events to confirm the order and treat him to lunch for all the great work he has provided for me . thanks kevin moore please note : i will be out on vacation and all orders will already have been placed with the delivery date on december 19 th . the day of my return , therefore if any problems occur i will have enough time to solve them .
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Subject: tanya ' s trip to stanford shirley , i will be out of the office 10 / 16 / 00 - 10 / 23 / 00 . i will attend credit modeling classes at stanford on 10 / 16 trough 10 / 20 . 10 / 23 / 00 i ' take as a vacation day . tanya .
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Subject: re : var for cob 2 nd aug 2000 hi vince , i have sent a mail to andreas with a full list of all the assumed units within our model . he has sent some historical data for cocoa beans and noticed that they were being quoted in gbp / mt so even currency units seem to be important . thank you for pointing this out , kirstee vince j kaminski 04 / 08 / 2000 15 : 45 to : kirstee hewitt / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect , cantekin dincerler / hou / ect @ ect , grant masson / hou / ect @ ect subject : re : var for cob 2 nd aug 2000 hi kirstee , thanks again for all your work on mg . one think to double check is units . please , make sure that the prices are quoted in the same units our positions come in . one potential source of confusion arises from the fact that we are dealing with different cultures ( metric system vs . english measures ) . vince enron capital & trade resources corp . - europe from : kirstee hewitt 08 / 03 / 2000 11 : 31 am to : vince j kaminski / hou / ect @ ect cc : subject : var for cob 2 nd aug 2000 hi vince , i was waiting for a comment about the email below before sending it to the full mailing list . basically it suggests that the copper option position may well have increased the var by more than $ 500 , 000 . however , given that the portfoilo has also changed from the lst of august it is difficult to asses the actual change due to the option only . regards kirstee - - - - - - - - - - - - - - - - - - - - - - forwarded by kirstee hewitt / lon / ect on 03 / 08 / 2000 17 : 29 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron europe from : kirstee hewitt 03 / 08 / 2000 16 : 29 to : cantekin dincerler / hou / ect @ ect , grant masson / hou / ect @ ect cc : subject : var for cob 2 nd aug 2000 hi all , the cu option position has entered the mg books for the 2 nd aug . the delta is 35299 $ / mt for dec 2000 . the cu var has gone up from $ 2 , 245 , 000 to $ 3 , 306 , 000 . i estimated that the portfolio for the lst would increase to approx $ 3 , 039 , 000 so this seems sensible . the overall var change is from $ 4 , 780 , 796 to $ 5 , 991 , 569 . again , the estimate for the lst aug was for an increase in var to ~ $ 5 , 476 , 000 . all estimates were based on a delta of 32 , 0004 / dmt . there has also been some increase in the var for aluminium which will effect the overall total . a summary is as follows : regards , kirstee
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Subject: numbers for sharad agnihotri hi dale ( i would also like to arrange for a direct reporting line to me for sharad . regards , anjam x 35383 p . s . kate : i have attached the agencies terms and conditions below : - - - - - - - - - - - - - - - - - - - - - - forwarded by anjam ahmad / lon / ect on 05 / 07 / 2000 16 : 21 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : alex blair 05 / 07 / 2000 15 : 29 to : " ' anjam ahmad ' " cc : subject : numbers anjam , ? ? ? ? ? ? ? as requested please find enclosed details on sharad ' s numbers : ? ? ? ? ? ? ? basic salary : o 40 , 000 ? ? ? ? ? ? ? car allowance : o 3 , 500 ? ? ? ? ? ? ? ( paid in cash ) ? ? ? ? ? ? ? annual bonus : ol 3 , 000 ( this bonus was paid for ? ? ? ? ? ? ? 99 - 00 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 8 mths work april - dec ) total o 56 , 500 sharad has been informed that his bonus payments for year 00 - 01 will be floored at o 25 , 000 . ? sharad ' s expectations therefore are to receive a base salary of between o 57 . 5 - o 60 k plus bonus . i hope this is of use and ask that if you have any questions that you do not hesitate to call . alex blair senior consultant alex . blair @ alexmann . com tel : 0207 891 6671 fax : 0207 905 1313 web : " the alexander mann group has a stated policy for the use of electronic mail which is rigorously enforced throughout the group . the contents of this e mail should meet the requirements of the policy - if you would like further details please forward this message to info @ alexmann . com or call 0207 242 9000 . the information contained in this electronic mail message is confidential . it is intended solely for the use of the individual or entity to whom it is addressed and others authorised to receive it . if the reader of this message is not the intended recipient , you are hereby notified that any use , copying , dissemination or disclosure of this information is strictly prohibited . "
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Subject: new employee shirley : don ' t panic , but we have a new employee , chonawee supatgiat , who is starting on feb . 8 th ( yes , today ) . sorry about the short notice , but he just accepted on the 7 th at 5 p . m . he will be primarily supporting ebs ( enron broadband services ) and reporting to ravi , but we will need to find a spot for him on the 19 th floor . he can even use my office temporarily if needed since i have a desk on 44 as well . i ' ll talk to you about the specifics in the morning . thanks , - - stinson
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Subject: re : petrochem desk yes , i will have kate get involved and talk to christian to get details . vasant - - - - - original message - - - - - from : kaminski , vince sent : monday , april 23 , 2001 9 : 29 am to : shanbhogue , vasant cc : kaminski , vince subject : petrochem desk vasant , it seems we have to help them . can kate help on this project ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 23 / 2001 09 : 28 am - - - - - - - - - - - - - - - - - - - - - - - - - - - nelson neale @ enron 04 / 20 / 2001 10 : 29 am to : vince j kaminski / hou / ect @ ect , vasant shanbhogue / enron @ enronxgate cc : subject : petrochem desk i had a chance to speak with christian lebroc this morning with regard to curve building for petrochemicals . as it turns out , christian left rac in april and joined the petrochem desk as a trader . previous efforts at construction of a forward curve by the group have focused on intuition or swags . unfortunately , the group had a rough p & l year with at least some of the blame directed toward the forward curve or lack thereof . when asked about the fundamentals group , christian indicated that they ' d only been around about 3 - 4 months and are not yet well - suited to curve building . john nowlan is indeed the head of the group . from a timing perspective , i told christian that it would probably take at least 6 - 8 weeks to develop a curve , especially considering the need to understand the key market drivers / fundamentals . as was suggested yesterday during our meeting , a strong relationship between petrochemicals and a nymex component ( e . g . , crude oil ) would provide a great beginning point - - we could then potentially strengthen / augment this relationship with other key factors ( e . g . , supply and demand terms ) borne out of our market research . nelson
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Subject: ljm model ryan : this is the updated spreadsheet for pricing the ljm options disregarding any credit issues . it produces exactly the same results as before . the only difference tis the place it gets the model ' s c code . i am placing all the code related to this deal on a specific directory on the " o " drive now . please use this version on future pricing . i will delete the old code . thanks paulo issler
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Subject: re : probability question from vince ' s article thank you , michael ! i ' m forwarding your answer to vince kaminski , and thank you for reading ! sam smith 5 - 8322 enron energy services from : michael kim @ ees 08 / 28 / 2000 02 : 50 pm to : william . smith @ enron . com cc : subject : probability question from vince ' s article answer is 0 . 2344 it ' s been awhile since i studied probability . i think this is a conditional probability problem . thank you . mike kim
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Subject: re : lunch super . jestesmy umowieni . juliusz vince j kaminski 12 / 14 / 2000 11 : 06 am to : julius zajda / lon / ect @ ect cc : subject : re : lunch juliusz , wtorek jest najlepszym dniem . vince julius zajda 12 / 14 / 2000 10 : 18 am to : vince j kaminski / hou / ect @ ect cc : subject : lunch przepraszam , ze sie tak dlugo nie odzywalem , ale musialem znalezc sobie mieszkanie , przeprowadzic sie i kupic jakies meble . czy lunch w przyszlym tygodniu odpowiadalby panu ? mi pasuje kazdy dzien oprocz czwartku . juliusz
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Subject: research group , recruiting celeste , i attach some brief job candidate descriptions for the types of people we are looking for at the bs / ms level . osman sezgen ( supporting ees ) and p . v . krishnarao ( supporting ees , ebs , and gpg ) both said that they are willing to help in interviewing , recruiting , or reviewing resumes . i also would make myself available ( ebs , ena ) and would be especially willing to help at the schools i attended , caltech and rice ( both on your target list ) . let us know what we can do to help . best regards , - - stinson
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Subject: schedule and more . . dr . kaminski , i think i ' ll be able to start work from the last week of may , but not from monday , probably , i ' ll be able to work from 5 / 30 ( wed ) . will it be good ? i know it is not that much earlier than i mentioned . . 6 / 4 i am sorry . and actually , there is an e - business conference at haas school of business , organized by my advisor could you distribute the link and the attached invitation letter to groups interested in e - business and especially procurement ? the link is as following . i am afraid you might forgot this i told you in the last email . . . my advisor ( arie segev at haas school of business ; segev @ haas . berkeley . edu ) wants me to ask whether you have any idea on joint research with him during the summer , while i am staying there . his interest is in e - business . . ( what else . . ? ) and has expertise in e - procurement system and marketplace . . . xml based standard such as obi , cxml , xcbl , rosettanet , biztalk . . system interoperability study , auction and negotiation , workflow system , e - catalog management , digital signature , edi , etc etc . . . many technical aspects of e - business . . . he wants to do some kind of technical case study that is beneficial for both enron and him . he may travel one or two times to houston to have a meeting during the summer . ( and to be frankly , this will be good for me too , because i can have a meeting for my dissertation while he is in houston . . ) could you think about the possibility of joint research , with him ? thank you . . sincerely , jinbaek - fcp - invite . pdf
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Subject: re : message from ken rice vince : thanks for returning this call . i guess it helps if i provide the contact information ! tom limperis 517 - 423 - 5617 thanks ! dorothy dalton office of the chairman enron broadband services 1400 smith street , eb 4505 houston , tx 77002 713 - 853 - 6724 - direct 713 - 853 - 9469 - fax vince j kaminski @ ect 05 / 02 / 01 09 : 42 am to : dorothy dalton / enron communications @ enron communications @ enron cc : vince j kaminski / hou / ect @ ect , vasant shanbhogue / enron @ enronxgate subject : re : message from ken rice dorothy , no problem . please , cc - mail me tom ' s number . one of the members of the group has a phd in computer science and he will join me for the call . vince from : dorothy dalton @ enron communications on 05 / 01 / 2001 08 : 53 am to : vince j kaminski / hou / ect @ ect cc : subject : message from ken rice vince : ken rice received a call through a friend ' s referral from dr . tom limperis ( a professor at the university of michigan ) . dr . limperis has developed a statistical database management system he would like to show enron . ken would like you to return this call on his behalf . he feels that you are probably the only person who will understand and be able to determine if enron should have an interest . do you mind returning this call ? please let me know . thanks ! dorothy dalton office of the chairman enron broadband services 1400 smith street , eb 4505 houston , tx 77002 713 - 853 - 6724 - direct 713 - 853 - 9469 - fax
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