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arnold-j/_sent_mail/787.
|
subject: Re: NG YEAR ENd Quiz
content: fill me in. how can i eavesdrop??
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: NG YEAR ENd Quiz
I belong to a natgas discussion group on the internet. This is from one of
the guys. Basically they are a bunch of gastraders from various firms ( a lot
of producers, some industrials, some small shops and few i--banker types) I
found the test to be mildly amusing. And since I had no idea what 'club no
minors' was-- i was hoping for some insight from you guys. Fortunately, the
lovely Ms. Shipos was able to fill me in.
Anyway, while occasionally garbage, the discussions do provide insight on
what others are thinking of production, storage and other such matters. And
when I was a marketer, I found a few leads. Finally, since a lot of the
information revolves around gossip about a particular 'super trader' at the
big ENE , i find it amusing that one of the most reserved and modest
individuals I know is so talked about on the internet.
JF
| ||
arnold-j/_sent_mail/788.
|
subject: Re: fund views
content: very useful...thx. keep me posted
Caroline Abramo@ENRON
12/22/2000 11:41 AM
To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Jennifer
Fraser/HOU/ECT@ECT
cc: Per Sekse/NY/ECT@ECT
Subject: fund views
Hi- all the funds are trying to figure out what the play is for next year-
major divergence of opinions. Most everyone we talk to takes a macro view.
+ Dwight Anderson from Tudor thinks anything above $6 is a sale from the
perspective of shut in industrial demand- he believes that between $6-7 no
industrial (basic industry type) can operate. He tracks all the plant
closures similar to what Elena does in Mike Robert's group but it seems on a
more comprehensive level (Jen- it would be good for fundamentals to track
this number- do some scenario analysis on it under various economic
conditions- like recession!!). I will try to find out what his total number
for turned back gas is- just ammonia is a little more than 1/2 Bcf which does
not seem all that meaningful but the total may bring us back into balance for
the summer.
While he's a seller above $6, he'd also be a buyer of summer at lower levels
He firmly believes in increased production in 02 (still has 1.1 day short)
based on his relationship with the producing community although I personally
think that 1Q02 sees little. I know that the fundamentals group is tracking
these numbers from the producing community and has seen no increase in 3q
over 2q and is doubtful for any in 4q over 3q.
He really believes theories on products being out of whack- heat/gas,
crude/propane....
+ Jim Pulaski is a bull period- he really likes april and may on the 0
storage scenario- I agree that we try to build storage in April but with the
backwardation out there what is the incentive??? as well, with lower
baseloads for the summer- deliverability should not be an issue. I am torn
on this one.
+ Catequil- new fund- Paul Touradji - used to be with Tiger- they do the same
analysis as Dwight- just starting up and one of their mandates is to be long
nat gas!! through vol or outright.
+ Harvard- not really sure of the view yet- they have not been active in gas
just crude/products- they like buying cheap vol- because they do not have MTM
issues- they like to look out in the calendar years.
+ The other people we are starting relationships with in the new year are:
Moore Capital, Global Advisors, Caxton, Paloma Partners, Kingdon, Renaissance
(program trader) - just so you know the names- as I get to know them better,
I'll try to fwd on thoughts regularly.
Have a great holiday! I'll be here next week.
Caroline
| ||
arnold-j/_sent_mail/789.
|
subject: Re: End of the YEar
content: thx and have fun on vaca
To: John Arnold/HOU/ECT@ECT
cc:
Subject: End of the YEar
Hey:
Sorry I didn't get to come by before I left. I have been in London since
12/15.I hope the expiry goes smoothly for you. Also I hope your holliday
season is going well ( however abridged it is by the NYMEX and Enron)
Many of the guys over here asked about nat gas and EOL in the US. I
suggested they visit with you when they are over in the US. In particular,
Chris Mahoney (gasoil trader) will be in Houston the 27 t0 30. I told him he
should come and watch you deal with the AGA number and NX1 at the same time.
Chris is a really good guy. His team loves him and will definitely play a
large role in turning the crude and products group around.
Anyway you were a great pal over the last 12 months and gave me a lot of
good advice. I do miss listening to the banter on the gas floor (and the
gambling!), but there are a lot of good people in crude and products
(especially in London) and I think we will be able to deliver on the goods. I
think you are wonderful and I'm very happy we had the chance to work together.
Happy New Year!
Jen
PS I am coming back on the 6th. Once I finish up the week, I am off to Berlin
for New Year's Eve and then a little trip over to Prague.
PPS If there is any other info you need let me know. By Jan 15, I should have
about 15 analysts and be able to devote some to special projects.
PPS A London HOuston Comparison
London HOUSTON
Employee Referral BMW Z3 Maybe 2K, usually a slap on the back
Parking Avail 10 spots 100's
Parking Fee Monthly auction, with 10 top ten bids Set annual, space yours
for your ENE life
winning, lowest of the ten setting
monthly price
Building Across from Buckingham Palace Demilitarized zone
Holiday 5 weeks ????
Trading Day 8 am - 8:30 pm 6-6:30
Closest Bar British Pub, one Block Ninfa's Allen Ctr
John Arnold
26/12/2000 19:03
To: Jennifer Fraser/HOU/ECT@ECT
cc:
Subject: Re: NG Expiry
sorry didnt respond to your message. don't know how to do that instant
messenger thing anymore. volume very, very light. most of stated volume in
spreads and TAS. No one seems to want to be in the office this week.
Everyone wants to get this year over with.
Keep pumping in the fundamental info. very good stuff and i'm not getting
it anywhere else.
From: Jennifer Fraser 12/26/2000 12:16 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: NG Expiry
Hey
| ||
arnold-j/_sent_mail/79.
|
subject: Re: Sunday
content: Thanks...It just seems like all the time.
Andy Zipper@ENRON
10/24/2000 03:41 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: Sunday
FYI regarding Sunday outages.
---------------------- Forwarded by Andy Zipper/Corp/Enron on 10/24/2000
03:38 PM ---------------------------
From: Bob Hillier on 10/24/2000 02:22 PM
To: Andy Zipper/Corp/Enron@Enron
cc: David Forster/Corp/Enron@Enron, Jay Webb/HOU/ECT@ECT
Subject: Re: Sunday
Andy, Here is what I am aware of regarding availability of EOL for Sunday
Trading.
The first Sunday that we opened for trading (I believe it was 10/1), we
experienced a shutdown of the entire site late Saturday which, unfortunately
included our monitors, which is why we were not aware of it until just prior
to trading time. Trading was to open at 2:00pm and we had the site up by
aprox 2:15pm.
I am not aware of any issues on 10/8 and 10/15.
This past Sunday, 10/22 we had a problem with a release that we pushed out on
Saturday. We are working on our release procedures and will make every
effort to have smoother releases in the future.
I hope this answers your questions, if not feel free to give me a call.
3-0305
bbh
Andy Zipper
10/24/2000 09:04 AM
To: Bob Hillier/NA/Enron@Enron, David Forster/Corp/Enron@Enron, Jay
Webb/HOU/ECT@ECT
cc:
Subject: sunday
Can we get to the bottom of this asap.
---------------------- Forwarded by Andy Zipper/Corp/Enron on 10/24/2000
09:02 AM ---------------------------
John Arnold@ECT
10/22/2000 06:23 PM
To: Andy Zipper/Corp/Enron@Enron
cc:
Subject:
Andy:
I tried to open EOL at 4 on Sunday, but we had systems problems that delayed
the opening until 6:05. This is the third time in four or five sessions when
EOL had problems on Sunday. Anything you can do to improve reliability would
be appreciated.
John
| ||
arnold-j/_sent_mail/790.
|
subject: Re: NG YEAR ENd Quiz
content: what is this???
From: Jennifer Fraser 12/27/2000 12:19 PM
To: Bill Berkeland/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Jennifer
Shipos/HOU/ECT@ECT
cc:
Subject: NG YEAR ENd Quiz
---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 27/12/2000
18:21 ---------------------------
[email protected]@wwwww.aescon.com on 27/12/2000 12:04:03
Supplemental Bonus question: See no 12---- Is Jeff Shankman's picture there
Here is your year end NG quiz. Forgive pore spelling please!
1. On Jan 4, 2000, what was the settle price of the prompt month Nymex
contract?
2. What caused numerous OTC energy brokerages to consolidate or go out of
business in 2000?
3. Every 11 years, an astronomical event occurs that correlates with high
energy prics. This is one of those years. What is the event?
4. What trading company's motto is "unrelenting thinking?"
5. What is intellectual capital? Where was the idea of it conceived?
6. If a supertrader is wearing a blue shirt with white collar and cuffs,
what is the appropriate foot accesory: red socks, sandals or "spats"?
7. On March 31, 2000, what was the settle of the prompt month Nymex
contract?
8. What is the name of a prominent national weather service that doesn't
provide intra-day Canadian air temp graphics?
9. What is a "polar pig"? Who coined the phrase?
10. What do Nicholas Leeson and Value-at-Risk have in common?
11. What type of food is served at the restaurant in Houston which houses
the famous bar - "Club No Minors"?
12. What is the name of the small town in Texas where the Natural Gas
Traders Hall of Fame is allegedly located?
13. What is the name of the $1.59 grocery store tabloid that predicted our
current weather on Sept. 12, 2000?
14. What are the names of the three northern hemisphere weather models used
today?
15. In the year 2000, what astrological event had a 100% correlation with
counter-trend price moves?
16. On Feb 3, 2001, what astrological event will occur that some floor
traders say will affect price of NG?
17. In the year 2000, one Houston oil company paid $160 million to learn the
hard way that OPEC can do what?
18. What was the highest IFGMR index posted to date?
19. What city issued warrants for the arrest of several of its gas utility's
executives in 2000?
20. Who is the president of Enron Online?
21. During 2000's Shell Open golf tourney, within a 25 cent window what was
the average price of the prompt month Nymex contract?
22. What weather event struck Ft. Worth, Texas on March 28, 2000?
23. How many Nobel laureates advised the supertraders at failed Long Term
Capital Management?
24. What is a "deal cop"?
25. The AGA states upon its web page that portion of the gas business that
it represents. Which of the following is that group? Traders, marketers,
pipelines, utilities, home consumers, producers, industrials?
26. What type of meat product was used to verbally describe AGA's Chris
McGill's reaction to the notion that there would be a shortage of gas supply
this winter?
27. How many utilities have been rumored to be considering bankruptcy in
California due to high energy prices?
28. The original design for Alliance pipeline was conceived where and drawn
on what?
29. Which of the following is considered to be improper to put on a
Philadelphia Gas Works expense account: business mileage, business meals,
business lodging or artworks?
30. At a late night industry party during Gas Fair this year, two female
brokers were mistakenly hassled by Houston Police as possibly being of what
occupation?
| ||
arnold-j/_sent_mail/791.
|
subject: Re: Vegas
content: wish you guys were going a week earlier. i'm going next weekend. too much
vegas is bad for the soul....and the wallet.
Jennifer Shipos
12/27/2000 04:28 PM
To: [email protected]
cc:
Subject: Vegas
Come to Vegas with us. (Jan 12-14) If you are going to spend a fortune on
your painting, you should at least see it one more time before you buy it.
What do you think?
| ||
arnold-j/_sent_mail/792.
|
subject: Re: 12/26 and 12/27 Maturity Gap Risk Limit Violation
content: The positions went over limits due to the sale of HPL and subsequent unwind
of hedges associated with the transaction. Attempts are being made to
unwind those positions currently
Kenneth Thibodeaux@ENRON
12/28/2000 09:43 AM
To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Frank
Hayden/Corp/Enron@Enron
cc:
Subject: 12/26 and 12/27 Maturity Gap Risk Limit Violation
The PRELIMINARY DPR indicates a Maturity Gap Risk violation for Gas Trading
as follows:
12/26 Maturity/Gap Risk: 202 Bcf
12/27 Maturity/Gap Risk: 205 Bcf
Maturity Gap Risk Limit: 200 Bcf
Please provide an explanation for the memos. If you have any questions,
please call me at 5-4541.
Thank you,
Johnny Thibodeaux
| ||
arnold-j/_sent_mail/793.
|
subject:
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/27/2000 02:55
PM ---------------------------
Jim Schwieger
12/27/2000 02:49 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
| ||
arnold-j/_sent_mail/794.
|
subject: Re: ICE
content: Please approve Dutch for ICE
Enron North America Corp.
From: Dutch Quigley 12/22/2000 10:59 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: ICE
John,
Can you send an email to Stephanie Sever to approve my access to the ICE
system.
Dutch
---------------------- Forwarded by Dutch Quigley/HOU/ECT on 12/22/2000 10:58
AM ---------------------------
From: Stephanie Sever
12/22/2000 09:34 AM
To: Dutch Quigley/HOU/ECT@ECT
cc:
Subject: ICE
Dutch,
As John Arnold is not an approver on ICE, please have him send an email
giving his OK for your access.
Thanks,
Stephanie x33465
| ||
arnold-j/_sent_mail/795.
|
subject:
content: Here is the name of an available options trader:
Jeremy Sorkin
VP, Deutsche Bank
713 757 9200
Would fit Enron culture, but have had little contact with him professionally.
Might be worth bringing him in. Tell me if you want me to call him.
| ||
arnold-j/_sent_mail/796.
|
subject: Re: NG Expiry
content: sorry didnt respond to your message. don't know how to do that instant
messenger thing anymore. volume very, very light. most of stated volume in
spreads and TAS. No one seems to want to be in the office this week.
Everyone wants to get this year over with.
Keep pumping in the fundamental info. very good stuff and i'm not getting
it anywhere else.
From: Jennifer Fraser 12/26/2000 12:16 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: NG Expiry
Hey
| ||
arnold-j/_sent_mail/797.
|
subject: Re:
content: asshole
John J Lavorato@ENRON
12/23/2000 10:51 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
john
I cant' seem to make my gambling problem go away.
bills +3 250
denver -7 250
jack +3 1/2 250
| ||
arnold-j/_sent_mail/798.
|
subject: Re:
content: asshole
John J Lavorato@ENRON
12/24/2000 08:45 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
rams -3.5
wash -7
raiders -9 1/2
balt -5
bears lions over 37
eagles bengals under 35 1/2
pats +4
vikings +5.5
| ||
arnold-j/_sent_mail/799.
|
subject: Re: Plants Shut Down and Sell the Energy
content: the market had to get to a price whereby these guys shut down. there is just
not enough gas to allow everybody who wants to to burn it. the elasticity of
demand is in the industrial sector. million dollar question is have we
gotten to a high enough price whereby we end the year with gas in the ground
and deliverability to meet a late cold snap. shutdown of processing,
distillate and resid switching, loss of industrial load...maybe we have.
good holidays,
john
[email protected] on 12/22/2000 07:11:26 AM
To: [email protected]
cc:
Subject: Plants Shut Down and Sell the Energy
Subject: Plants Shut Down and Sell the Energy
Plants Shut Down and Sell the Energy
By Peter Behr
Washington Post Staff Writer
Thursday, December 21, 2000; Page E01
Kaiser Aluminum Corp. had planned to spend December making aluminum at its
giant smelters in the Pacific Northwest, run by electricity from the
Bonneville Power Administration's Columbia River dams. Then it saw a better
deal. With California desperate for power and electricity prices hitting
unheard-of peaks, Kaiser shut down its two U.S. smelters last week. It is
selling the electricity it no longer needs -- for about 20 times what it
pays Bonneville under long-standing contracts.
It is a measure of this winter's fuel crunch: Some big industrial firms in
energy-intensive sectors such as paper, fertilizers, metals and even
oil-field operations can make more money by selling their electricity or
natural gas than manufacturing their products. The shifts by such large
industrial consumers of energy -- described as unprecedented by analysts --
will free up more fuel for households and businesses this winter. But they
also are sowing seeds of potential problems next year. Shortages of aluminum
and fertilizer, for example, are likely to give another upward jolt to
consumer prices and further weaken the economy, analysts said.
"The fertilizer picture is particularly worrying us because we don't know
what they're going to use to grow crops with," said David Wyss, chief
economist at Standard & Poor's. Some economists have recently increased
their warnings about the damaging impact of this winter's heating bills on
an already weakening economy. Goldman Sachs analysts last week estimated
that gas heating bills will double this winter to more than $1,000 for a
typical U.S. household.
That and higher electricity prices will cost consumers $20 billion in higher
energy costs compared with a year ago, they estimated, cutting the expected
growth in the nation's economic output by one percentage point on an annual
rate in the first three months of next year. "Overall, the recent energy
price developments have thus added to the risk of a sharp economic
slowdown," the Goldman Sachs report concluded. Terra Industries Inc., in
Sioux City, Iowa, has closed three of its six U.S. ammonia plants, which use
natural gas as a main ingredient for fertilizer production. Like Kaiser, the
company realized it would be much more profitable to stop production in
December and sell the natural gas back to the market at current prices,
which are much higher than the price Terra was obligated to pay under its
existing December supply contract, said Mark Rosenbury, chief administrative
officer.
"We looked at these [current] prices and said, 'This is crazy,' " he said.
Terra hasn't disclosed the profit it will make selling its gas, but
Rosenbury said it would be "substantial." In coming months, Terra's good
fortune could be reversed. It usually buys gas a month at a time, and the
prices for January delivery most likely will be well above its break-even
point. That would keep Terra's plants closed, Rosenbury said, but eliminate
the opportunity to sell the natural gas at a profit. "If this persists,"
Rosenbury said, "it's going to be a real problem."
He estimates that out of a total annual U.S. production capacity of 18
million tons of ammonia, about 4 million tons of production isn't operating
now. "Could we be short of fertilizer next spring? It's possible that
farmers will not have as much as they want," Rosenbury said. Royster-Clark
Inc., a Norfolk and New York City-based fertilizer manufacturer and
distributor, has shut down its one plant in East Dubuque, Ill.,
indefinitely, and 72 production workers will be laid off, beginning next
month. The story is the same -- natural gas prices are too high to justify
continued production. "We believe it's likely this is a speculative bubble
[in natural gas prices] that will burst and in a few weeks we'll be able to
buy gas at a more reasonable price, but that remains to be seen," said Paul
M. Murphy, the company's managing director for financial planning. A
continuation of high natural gas prices would likely shrink production and
raise fertilizer prices to a point that could affect farmers' decisions to
plant feed corn, he said. "It's sticker shock."
According to Wyss, if this winter remains unusually cold and natural gas
remains above $7 per million cubic feet -- double the level a year ago --
farm products could rise significantly a year from now and into 2002. In the
aluminum industry, several smaller producers have joined Kaiser, the
industry's No. 2 manufacturer, in closing down, noted Lloyd O'Carroll, an
analyst with BB&T Capital Markets in Richmond.
Aluminum production in November was 8.3 percent below that of November 1999,
and December's production will be lower still, he said. "We'll get more
production cut announcements, I think," he said. A slowing in the U.S. and
world economies next year could ease the impact of reduced aluminum
supplies. "But if the world economy doesn't fall completely apart, then
[aluminum] prices are going to rise, and they could rise significantly more
than the current forecast," he said. In Kaiser's case, it's an open question
how much of its electric windfall it will keep. Kaiser is contractually
entitled to buy electricity from Bonneville at $22.50 a megawatt per hour,
says spokesman Scott Lamb. That is the power it has sold back to Bonneville
for $550 a megawatt hour for December.
But the Bonneville Authority is pressuring Kaiser to use these and future
profits from power resales to compensate employees at the shut-down plants,
to invest in new electric generating capacity, or even to refund to
Bonneville's other customers, said Bonneville spokesman Ed Mosey. Kaiser and
Bonneville have negotiated a new power purchase deal to take effect after
next October, but the power authority says it intends to reduce deliveries
to Kaiser if the company tries to pocket the electricity sale profits. "Out
here, a deal is a deal, but it has to be a moral deal. There has to be an
ethical dimension to this and we're not shy in trying to make sure they live
up their advantage in having access to this publicly-owned power," Mosey
said.
, 2000 The Washington Post Company
| ||
arnold-j/_sent_mail/8.
|
subject: Re: EIM Due Diligence: Nymex, Enron Gas Data
content: Catherine:
Sorry it's been so long since I could respond. With the craziness here I am
way behind on everything.
#1. 3 years
#2. volume way down on exchange recently with recent volatility. volume
probably averaging 25000 these days. EOL volume averaging around 14000.
Very high percent of market. Current market conditions shows why our
transactional model of being one side of every trade is superior.
#3. good liquidity first 3 years. okay liquidity years 4-6.
#4. calendar 2004-2008 maybe 1 trade a day. 70% chance Enron is one side.
calendar 2009-2013 very rare that it trades.
Catherine Pernot@ENRON
12/01/2000 02:31 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: EIM Due Diligence: Nymex, Enron Gas Data
Per my voicemail, I've included a list of the Investors' questions and
preliminary answers. The answers are attempts by our group, Bob Crane and
Bryon Hoskins but need confirmation by you. Would you mind giving us some
feedback for #4 as well? I could not find these numbers. These are again
going to be forwarded to Bain Capital, the potential equity investor in the
pulp, paper and steel net works fund. They are in their final stages of due
diligence and are comparing pulp and paper facts with gas. (They are under a
confidentiality agreement).
Please call with any questions
Thank you,
Catherine Rentz Pernot
X57654
1. # of years of NYMEX visibility on the typical gas curve.
3 years
2. # of daily trades on NYMEX, in total and for Enron specifically.
102,492 daily trades on NYMEX (11/28/00)and ours amounts to 8,061 per day
(usually around 10% daily NYMEX trades)
3. length and nature of "price discovery" windows past the NYMEX portion of
the gas curve (e.g., 7 years of visibility provided by proprietary market
making past NYMEX, then 10 years of macro / industry average assumptions).
NYMEX price discovery equates to about 3 years. Liquidity of the market and
proprietary market information equates to about 2 years after that with the
remaining portion coming from more macro industry information.
4. trade volume data (# of daily trades as well) for each 5 year increment of
the gas curve beyond the NYMEX portion, in total and for Enron specifically.
??
| ||
arnold-j/_sent_mail/80.
|
subject: Re: Gas Org Chart
content: Brian Hoskins is an analyst who rotated off the gas floor.
Pete Keavey now reports to Scott Neal
My aa is Ina Rangel
Enron North America Corp.
From: Tammy R Shepperd 10/24/2000 08:06 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Gas Org Chart
John,
Do you have any changes or vacancies? Also who is your administrative
assistant?
Thanks,
Tammy
x36589
---------------------- Forwarded by Tammy R Shepperd/HOU/ECT on 10/24/2000
08:06 AM ---------------------------
Enron North America Corp.
From: Tammy R Shepperd 10/23/2000 01:02 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Gas Org Chart
John,
Attached is the org chart with updates I have received to date. Please
review your organization and advise if you have changes.
I'd like to give Dave and John updates this evening.
Thanks,
Tammy
| ||
arnold-j/_sent_mail/800.
|
subject: Plants Shut Down and Sell the Energy
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/22/2000 07:25
AM ---------------------------
[email protected] on 12/22/2000 07:11:26 AM
To: [email protected]
cc:
Subject: Plants Shut Down and Sell the Energy
Subject: Plants Shut Down and Sell the Energy
Plants Shut Down and Sell the Energy
By Peter Behr
Washington Post Staff Writer
Thursday, December 21, 2000; Page E01
Kaiser Aluminum Corp. had planned to spend December making aluminum at its
giant smelters in the Pacific Northwest, run by electricity from the
Bonneville Power Administration's Columbia River dams. Then it saw a better
deal. With California desperate for power and electricity prices hitting
unheard-of peaks, Kaiser shut down its two U.S. smelters last week. It is
selling the electricity it no longer needs -- for about 20 times what it
pays Bonneville under long-standing contracts.
It is a measure of this winter's fuel crunch: Some big industrial firms in
energy-intensive sectors such as paper, fertilizers, metals and even
oil-field operations can make more money by selling their electricity or
natural gas than manufacturing their products. The shifts by such large
industrial consumers of energy -- described as unprecedented by analysts --
will free up more fuel for households and businesses this winter. But they
also are sowing seeds of potential problems next year. Shortages of aluminum
and fertilizer, for example, are likely to give another upward jolt to
consumer prices and further weaken the economy, analysts said.
"The fertilizer picture is particularly worrying us because we don't know
what they're going to use to grow crops with," said David Wyss, chief
economist at Standard & Poor's. Some economists have recently increased
their warnings about the damaging impact of this winter's heating bills on
an already weakening economy. Goldman Sachs analysts last week estimated
that gas heating bills will double this winter to more than $1,000 for a
typical U.S. household.
That and higher electricity prices will cost consumers $20 billion in higher
energy costs compared with a year ago, they estimated, cutting the expected
growth in the nation's economic output by one percentage point on an annual
rate in the first three months of next year. "Overall, the recent energy
price developments have thus added to the risk of a sharp economic
slowdown," the Goldman Sachs report concluded. Terra Industries Inc., in
Sioux City, Iowa, has closed three of its six U.S. ammonia plants, which use
natural gas as a main ingredient for fertilizer production. Like Kaiser, the
company realized it would be much more profitable to stop production in
December and sell the natural gas back to the market at current prices,
which are much higher than the price Terra was obligated to pay under its
existing December supply contract, said Mark Rosenbury, chief administrative
officer.
"We looked at these [current] prices and said, 'This is crazy,' " he said.
Terra hasn't disclosed the profit it will make selling its gas, but
Rosenbury said it would be "substantial." In coming months, Terra's good
fortune could be reversed. It usually buys gas a month at a time, and the
prices for January delivery most likely will be well above its break-even
point. That would keep Terra's plants closed, Rosenbury said, but eliminate
the opportunity to sell the natural gas at a profit. "If this persists,"
Rosenbury said, "it's going to be a real problem."
He estimates that out of a total annual U.S. production capacity of 18
million tons of ammonia, about 4 million tons of production isn't operating
now. "Could we be short of fertilizer next spring? It's possible that
farmers will not have as much as they want," Rosenbury said. Royster-Clark
Inc., a Norfolk and New York City-based fertilizer manufacturer and
distributor, has shut down its one plant in East Dubuque, Ill.,
indefinitely, and 72 production workers will be laid off, beginning next
month. The story is the same -- natural gas prices are too high to justify
continued production. "We believe it's likely this is a speculative bubble
[in natural gas prices] that will burst and in a few weeks we'll be able to
buy gas at a more reasonable price, but that remains to be seen," said Paul
M. Murphy, the company's managing director for financial planning. A
continuation of high natural gas prices would likely shrink production and
raise fertilizer prices to a point that could affect farmers' decisions to
plant feed corn, he said. "It's sticker shock."
According to Wyss, if this winter remains unusually cold and natural gas
remains above $7 per million cubic feet -- double the level a year ago --
farm products could rise significantly a year from now and into 2002. In the
aluminum industry, several smaller producers have joined Kaiser, the
industry's No. 2 manufacturer, in closing down, noted Lloyd O'Carroll, an
analyst with BB&T Capital Markets in Richmond.
Aluminum production in November was 8.3 percent below that of November 1999,
and December's production will be lower still, he said. "We'll get more
production cut announcements, I think," he said. A slowing in the U.S. and
world economies next year could ease the impact of reduced aluminum
supplies. "But if the world economy doesn't fall completely apart, then
[aluminum] prices are going to rise, and they could rise significantly more
than the current forecast," he said. In Kaiser's case, it's an open question
how much of its electric windfall it will keep. Kaiser is contractually
entitled to buy electricity from Bonneville at $22.50 a megawatt per hour,
says spokesman Scott Lamb. That is the power it has sold back to Bonneville
for $550 a megawatt hour for December.
But the Bonneville Authority is pressuring Kaiser to use these and future
profits from power resales to compensate employees at the shut-down plants,
to invest in new electric generating capacity, or even to refund to
Bonneville's other customers, said Bonneville spokesman Ed Mosey. Kaiser and
Bonneville have negotiated a new power purchase deal to take effect after
next October, but the power authority says it intends to reduce deliveries
to Kaiser if the company tries to pocket the electricity sale profits. "Out
here, a deal is a deal, but it has to be a moral deal. There has to be an
ethical dimension to this and we're not shy in trying to make sure they live
up their advantage in having access to this publicly-owned power," Mosey
said.
, 2000 The Washington Post Company
| ||
arnold-j/_sent_mail/801.
|
subject: Re:
content: i know
Jennifer Shipos
12/21/2000 12:45 PM
To: [email protected]
cc:
Subject:
Thanks. You're the best!
| ||
arnold-j/_sent_mail/802.
|
subject: Re: APIs
content: Any idea what amount of switching in gas equivalents does the implied demand
of resid equate to?
From: Jennifer Fraser 12/20/2000 03:05 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: APIs
JA:
See note on switching. It is hard to monitor the distiallte because any
switching is being absorbed by the incessant arrival of European cargoes. We
hope to have you guys some better numbers before the end of the week.
---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 20/12/2000
09:00 ---------------------------
Alex Mcleish@ENRON
20/12/2000 02:40
To: London, [email protected], Sarah Mulholland/HOU/ECT@ECT
cc:
Subject: APIs
PIRA report attached - bit uninspired this week, like the stats.
Crude went back to the usual pattern and built 2 .4 mbbls, as opposed to an
implied draw (excl SPR) of 2 (although half of this in PADD 5). Perhaps
surprisingly, runs were down again, but most of this was non-CDU, and
gasoline bore the brunt of the output drop as a result.
Distillate demand, the main factor to watch, did fall, but not by much (240
kbd), and only another weak import showing prevented a build. The cold
weather and switching are definitely having an impact, as this demand is well
above last year's Y2K inflated levels. Most of the draw was in low sulphur
material, but PADD 1 still suffered a 500 kbbls drop in heating oil stocks.
However, it does sems to be building up in PADD 3.
Gasoline stocks did build, but interestingly only in blending components, not
the finished material. Evidence of high gas prices impacting on production?
Stocks rose in PADD 1 by almost the same amount as they fell in PADD 3.
Imports were very strong, however, at 500 kbd.
Again, the real shoker was resid - demand up 57% to 1600 kbd, an incredibly
high number, and clear evidence (if repeated next week) of switching.
| ||
arnold-j/_sent_mail/803.
|
subject: Re: confidential employee information-dutch quigley
content: thx
Jeanie Slone
12/19/2000 04:51 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: confidential employee information-dutch quigley
Dutch requested a meeting with me today and I gave him the scoop on the
promotion. I will follow-up with him after our meeting the first week of
Jan. He was ok with everything. let me know if you need anything else.
---------------------- Forwarded by Jeanie Slone/HOU/ECT on 12/19/2000 04:45
PM ---------------------------
Jeanie Slone
12/19/2000 10:09 AM
To: John Arnold/HOU/ECT@ECT
cc: Ted C Bland/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT
Subject: confidential employee information-dutch quigley
John,
As we discussed earlier, ENA HR is working with the A/A program to develop a
process for placing sr. spec into associate titles. Unfortunately, that
process has not been finalized and as such, Dutch is not yet an associate.
Ted is finalizing the process this week and it will likely require Dutch to
interview with 4 other commercial managers outside of ENA.
Additionally, there are two other sr. spec. on the gas trading floor in
similar situations and we will be discussing them at a promotion meeting to
be held the first week of Jan. I would like to handle all of these
consistently and had planned to include Dutch's promotion in this
discussion. I would recommend that we hold on a title change for Dutch until
after this meeting and manage it through the promotions process.
Per the message attached below, Dutch believes he has already received the
title change. Please clarify the situation with him at your earliest
convenience. If you need my assistance with this please let me know. I
apologize if there was any confusion from our previous discussions. Please
contact me with any questions/concerns.
---------------------- Forwarded by Jeanie Slone/HOU/ECT on 12/19/2000 09:21
AM ---------------------------
people.finder@ENRON
12/19/2000 09:19 AM
Sent by: Felicia Buenrostro@ENRON
To: [email protected]
cc: Jeanie Slone/HOU/ECT@ECT
Subject: Re: PeopleFinder Feedback
Dutch,
Unfortunately, I cannot make that change for you.
Please contacct your HR Rep (Jeanne Slone). Your HR Rep can only change your
title.
Thanks.
Felicia
[email protected] on 12/18/2000 08:05:19 AM
To: [email protected]
cc:
Subject: PeopleFinder Feedback
My job title needs to be updated to ASSOCIATE.
Dutch
| ||
arnold-j/_sent_mail/804.
|
subject:
content: can you program my steno in the offices like the ones on my desk?
| ||
arnold-j/_sent_mail/805.
|
subject: Greetings from GARP - Mark your Calendars
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/18/2000 05:04
PM ---------------------------
Enron North America Corp.
From: Frank Hayden @ ENRON 12/14/2000 09:44 AM
To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Mike
Maggi/Corp/Enron@Enron, Larry May/Corp/Enron@Enron
cc:
Subject: Greetings from GARP - Mark your Calendars
---------------------- Forwarded by Frank Hayden/Corp/Enron on 12/14/2000
09:42 AM ---------------------------
From: Frank Hayden 12/14/2000 09:36 AM
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], Sunil
Dalal/Corp/Enron@ENRON, Naveen Andrews/Corp/Enron@ENRON, Vladimir
Gorny/HOU/ECT@ECT, Erik Simpson/HOU/ECT@ECT, [email protected],
[email protected], [email protected], [email protected],
Cassandra Schultz/NA/Enron@Enron, [email protected],
[email protected], [email protected], [email protected],
[email protected], Vince J Kaminski/HOU/ECT@ECT, [email protected],
Bharat Khanna/NA/Enron@Enron, David Port/Market Risk/Corp/Enron@ENRON, Rudi
Zipter/HOU/ECT@ECT
cc:
Subject: Greetings from GARP
GREETINGS FROM GARP! WE ARE HAVING THE NEXT MEETING JANUARY 30th AT ENRON.
TIME 6:30PM UNTIL 8:30PM
Vince Kaminski will lead a discussion regarding volatility in the energy
markets.
Please RSVP to Rita Hennessy. Her email address is [email protected]
| ||
arnold-j/_sent_mail/806.
|
subject:
content: Andy:
I just spoke to a guy named Neil Hanover. He is a fund trader for a company
in London. He asked the head EOL marketer to give him a call about setting
him up on the system. Can you help?
his number is 011 44 207 397 0840
john
| ||
arnold-j/_sent_mail/807.
|
subject: Re: FLU Vaccinations
content: please remind me
Ina Rangel
12/18/2000 10:25 AM
To: Matthew Lenhart/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Jay
Reitmeyer/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron, Barry Tycholiz/NA/Enron@ENRON, Randall L
Gay/HOU/ECT@ECT, Patti Sullivan/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT,
Monique Sanchez/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Mike
Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Mike Maggi/Corp/Enron@Enron, Larry May/Corp/Enron@Enron, Dutch
Quigley/HOU/ECT@ECT
cc:
Subject: FLU Vaccinations
The nurse from the health center will be here on Tuesday, December 19, 2000
to give flu vaccinations to anyone interested.
EB3269
3:00 PM - 4:00 PM
Tuesday, 12/19/2000
Cost: - free for Enron employees and $10 for contract employess.
| ||
arnold-j/_sent_mail/808.
|
subject: Re: O COME ALL YE FABULOUS!
content: just called they're on vacation for two weeks.......that sucks
"Jennifer White" <[email protected]> on 12/15/2000 12:46:59 PM
To: [email protected]
cc:
Subject: Re: O COME ALL YE FABULOUS!
OK, you don't have to twist my arm.
5 more hours... I can't wait!
Jen
---- [email protected] wrote:
>
> hey:
> any interest in seeing cirque du soleil saturday?
>
>
___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com
| ||
arnold-j/_sent_mail/809.
|
subject: Re: O COME ALL YE FABULOUS!
content: hey:
any interest in seeing cirque du soleil saturday?
| ||
arnold-j/_sent_mail/81.
|
subject: Re:
content: Do you know my hr rep's name?
Jennifer Burns
10/23/2000 04:09 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
You are such a Shit Head!!!!!
| ||
arnold-j/_sent_mail/82.
|
subject: Re: Create a new NT group
content: pretty much all traders
Brian Hoskins@ENRON COMMUNICATIONS
10/23/2000 10:51 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: Create a new NT group
John,
Here is the current list of traders we have for the chat program. Do you
want to include all traders or just desk heads and selected others?
Brian
| ||
arnold-j/_sent_mail/83.
|
subject: Re:
content: you just might never get it back
"Jennifer White" <[email protected]> on 10/23/2000 08:57:44 AM
To: [email protected]
cc:
Subject: Re:
Maxwell. I left it at your apartment, so you still have it.
---- [email protected] wrote:
>
> hey:
> what was the first cd we listened to on Wednesday at my place?
> john
>
>
___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com
| ||
arnold-j/_sent_mail/84.
|
subject: Re:
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 10/23/2000 07:42
AM ---------------------------
Jennifer Burns
10/23/2000 07:40 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
That's weird......because Jeff and I were talking about Bill on Friday, I
didn't get the picture that Jeff thought he was that great. And Bill hasn't
been up here at all?????? I won't say anything.....
John Arnold
10/23/2000 07:30 AM
To: Jennifer Burns/HOU/ECT@ECT
cc:
Subject: Re:
No, i thought you would have known. don't tell shank i told you.
Jennifer Burns
10/22/2000 07:24 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
WHAT????????? You are shitting me!!!!!!
John Arnold
10/22/2000 06:26 PM
To: Jennifer Burns/HOU/ECT@ECT
cc:
Subject: Re:
i heard he's interviewing to be Shankman's right hand man
Jennifer Burns
10/20/2000 02:12 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
I saw Bill Perkins today, he was on 33. I heard someone call my name and I
was like hey Bill. Weird huh?
| ||
arnold-j/_sent_mail/85.
|
subject: Re:
content: No, i thought you would have known. don't tell shank i told you.
Jennifer Burns
10/22/2000 07:24 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
WHAT????????? You are shitting me!!!!!!
John Arnold
10/22/2000 06:26 PM
To: Jennifer Burns/HOU/ECT@ECT
cc:
Subject: Re:
i heard he's interviewing to be Shankman's right hand man
Jennifer Burns
10/20/2000 02:12 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
I saw Bill Perkins today, he was on 33. I heard someone call my name and I
was like hey Bill. Weird huh?
| ||
arnold-j/_sent_mail/86.
|
subject:
content: hey:
what was the first cd we listened to on Wednesday at my place?
john
| ||
arnold-j/_sent_mail/87.
|
subject: Re: (no subject)
content: still have not received credit for funds wired 11/16. Please advise.
World Sports Exchange <[email protected]> on 10/19/2000 06:15:50 AM
Please respond to [email protected]
To: [email protected]
cc:
Subject: Re: (no subject)
Hi,
If you sent a bank wire on Monday then it should take about 2-3 days to
be credited to your account, but sometimes it takes one or two days
longer. So, if you don't see it today, please give us a call at 888 304
2206 and ask for either Maria or Juliette in the accounts department and
they will assist you.
Thanks,
WSEX
[email protected] wrote:
> Hello:
> I have not yet received credit for a $1500 wired on Monday for account
> "Lavorato"
| ||
arnold-j/_sent_mail/88.
|
subject: Re:
content: i heard he's interviewing to be Shankman's right hand man
Jennifer Burns
10/20/2000 02:12 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
I saw Bill Perkins today, he was on 33. I heard someone call my name and I
was like hey Bill. Weird huh?
| ||
arnold-j/_sent_mail/89.
|
subject:
content: Andy:
I tried to open EOL at 4 on Sunday, but we had systems problems that delayed
the opening until 6:05. This is the third time in four or five sessions when
EOL had problems on Sunday. Anything you can do to improve reliability would
be appreciated.
John
| ||
arnold-j/_sent_mail/9.
|
subject: re:summer inverses
content: a couple more thoughts. certainly losing lots of indutrial demand both to
switching and slowdown in economy. Big 3 automakers all temporarily closing
plants for instance. switching is significant and has led to cash in the
gulf expiring weak everyday. gas daily spread to prompt trading at
$1....need some very cold weather to justify that. this seems to be the test
of the next 3-5 days. Will the switching/loss of demand/storage management
keep cash futures spread at reasonable levels or will it blow to $5+. Not too
many years ago we had a $50 print on the Hub. unless we get some crazy
prints, you have to question the steep backwardation in the market.
funny watching the flies in the front. Bot large chunk of g/h/j at $.50
friday morning. probably worth 1.30 now. crazy. people have seen each
front spread be weak since forever and are already starting to eye up g/h.
what's the thoughts on distillates... is it tight enough such that gas
switching is the marginal mmbtu of demand and pulls it up or is the market
too oversupplied to care?
| ||
arnold-j/_sent_mail/90.
|
subject: Re: How are you today
content: Adam:
Hope your interview goes well. Things are going crazy in the gas market so,
unfotunately, I'm stuck at my desk and can't go up for interviews.
As far as the interview goes, my advise would be the same as any interview.
Be confident. Answer the question asked. Don't be afraid to say you don't
know but don't make excuses. Express interest in why you find Enron
appealing compared to the other 100 companies interviewing.
The trading training program is still in the works. Few people outside the
trading area are even aware of its existence at this point so I wouldn't ask
any questions about it in the interviews. If you receive an offer, it would
probably be for a normal analyst position with the opportunity to enter the
training program when you arrive. Not sure about that last statement
though. The training program is geared towards our two most mature and pure
trading business areas: gas and power. There are still a large number of
other trading spots in our developing commodities side that would not fall
under the program. That's a function of the program being developed by the
head of these two businesses. Not ready to take it corporate-wide yet.
Write me about how your interviews went.
Good luck:
John
"Adam Bayer" <[email protected]> on 10/19/2000 03:28:57 PM
To: <[email protected]>
cc:
Subject: How are you today
Hi John,
How are you today? You must be pleased with Enron's most recent numbers.
Could you tell me a little more about the trading training program? You
mentioned you wanted to expand it to two years, but what does the extra year
entail? I have been selected for an interview next Monday, and I look
forward to seeing you again. Do you have any tips on approaching the
interview process? I have poured over the company website, and if you have
any tips I would love to hear them.
Thanks for your time, and I hope to see you Monday.
Cordially,
Adam Bayer
| ||
arnold-j/_sent_mail/91.
|
subject: Re: Mexico Industrial
content: Hello:
I received this by mistake.
Rick Curry <[email protected]> on 10/21/2000 05:45:42 PM
To: Jennifer Stewart Arnold <[email protected]>
cc:
Subject: Mexico Industrial
> MIHC is a consulting firm with offices in Mexico City and
> Los Angeles. We specialize in assisting foreign national
> corporations with regard to their real estate interest in
> Mexico.
>
> Currently our M,xico City office is representing a client
regarding the disposition of their surplus corporate assets in
country.
>
> They have three properties which may be might be of
> interest.
>
> 1. Light to Heavy Industrial building in Tula, Hidalgo (a
> well-populated industrial valley roughly 50 miles north of
> Mexico City). Deluxe all brick and concrete building is
> approximately 98,500 square feet with clear span ceiling
> height in excess of 30 ft. The site includes adjacent land,
> which would allow more than doubling the size of facility.
> Located in front of the PEMEX Hidalgo refinery /
> petrochemical plant and a Thermoelectric power generating
> station. Factory is equipment ready and could be in full
> production quickly.
>
> 2. Housing complex built for the Tula factory supervisory
> personnel consists of 32 three-bedroom garden style
> townhouse apartments and an independent eight bedroom
> extended stay dormitory for engineers. In a separately
> enclosed compound is a 3,800 square foot deluxe residence
> with 4-car garage designed for the plant manager or visiting
> officials. The property contains appropriate recreational
> and sports areas for families. It is entirely gated and
> fully secured.
>
> 3. Development site City of Puebla. This highly visible 8.7
> acres of flat land fronts the Puebla-Mexico City
> superhighway at a formal exit. It is at the entrance corner
> to an industrial area of other trans-national manufactures.
> Site is located approximately 5.5 miles north of the
> Volkswagen assembly plant.
>
> Prefer selling items 1 & 2 as a package, but will entertain
> separate offers. Would also consider long term lease with a
> creditworthy corporate tenant.
>
> With respect to item 3, a build to suit, again a
> long-term lease with a credit worthy corporate tenant is
> possible.
>
> All properties are surplus assets and therefore very
> aggressively priced. Factory and housing offered at
> substantially below replacement cost.
>
> For more information on these items and other services we
> provide in Mexico please visit our web site.
>
> http://www.MIHC.com.mx
>
> In the US:
>
> Rick Curry
> General Counsel
> MIHC - Los Angeles
> PH 213-308-0300
> email to: [email protected]
>
> In Mexico:
>
> Ari Feldman, CCIM, SIOR, CIPS
> Director General
> MIHC - Mexico City
> Phone from the US (011) (52) 5286-3458
> email to: [email protected]
| ||
arnold-j/_sent_mail/917.
|
subject: Recruiting Expenses
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 10/14/2000 05:25
PM ---------------------------
From: Beth Miertschin 10/05/2000 10:41 AM
To: Purvi Patel/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Beau
Ratliff/HOU/EES@EES, Jennifer Reside/HOU/ECT@ECT, Justin Rostant/HOU/ECT@ECT,
Sarah Shimeall/HOU/EES@EES, Cindi To/HOU/EES@EES, Otis
Wathington/HOU/EES@EES, Wes Colwell/HOU/ECT@ECT, Peter Bennett/Enron
Communications@Enron Communications, Bob Butts/GPGFIN/Enron@ENRON, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edward Coats/Corp/Enron@ENRON,
Kevin M Presto/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark Wilson/Enron
Communications@Enron Communications, Lisa B Cousino/HOU/ECT@ECT, Faith
Killen/HOU/ECT@ECT, Gary Peng/GPGFIN/Enron@ENRON, Stephen
Schwarzbach/Corp/Enron@Enron, Jefferson D Sorenson/HOU/ECT@ECT, Julie
Goodfriend/Corp/Enron@ENRON, Molly LaFuze/Enron Communications@Enron
Communications, Khristina Griffin/NA/Enron@Enron, Ching Lun/HOU/EES@EES,
Chris Ochoa/NA/Enron@Enron, Heather Alon/HOU/ECT@ECT, Harry
Bucalo/HOU/ECT@ECT, Timothy Coffing/HOU/EES@EES, Colleen
Koenig/NA/Enron@Enron, Michael Kolman/HOU/ECT@ECT, Simone La
Rose/HOU/ECT@ECT, Mark Mixon/NA/Enron@Enron, Paula Rieker/Corp/Enron@ENRON,
Dan Boyle/Corp/Enron@Enron, Edward Coats/Corp/Enron@ENRON, Billy
Lemmons/Corp/Enron@ENRON, Kathy M Lynn/Corp/Enron@Enron, James
Coffey/ENRON@Gateway, Larry Fenstad/OTS/Enron@ENRON, Ryan
Siurek/Corp/Enron@ENRON, Scott Vonderheide/Corp/Enron@ENRON, Ron
Coker/Corp/Enron@Enron, Kevin D Jordan/Corp/Enron@ENRON, Gary
Peng/GPGFIN/Enron@ENRON, Tracey Tripp/Corp/Enron@ENRON, Dixie
Riddle/Corp/Enron@ENRON, Wanda Curry/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT,
Georgeanne Hodges/HOU/ECT@ECT, Tommy J Yanowski/HOU/ECT@ECT, Ted C
Bland/HOU/ECT@ECT, Shirley A Hudler/HOU/ECT@ECT, Edith Cross/HOU/ECT@ECT,
Mark Friedman/HOU/ECT@ECT, Carrie Slagle/HOU/ECT@ect, Brandon
Wax/HOU/ECT@ECT, David Oliver/LON/ECT@ECT, John Alvar/HOU/ECT@ECT, Meredith M
Eggleston/HOU/EES@EES, Gayle W Muench/HOU/EES@EES, Patricia A
Lee/HOU/EES@EES, Christina Barthel/HOU/EES@EES, Dara M Flinn/HOU/EES@EES,
Holly Mertins/HOU/EES@EES, Travis Andrews/HOU/EES@EES, Jonathan
Anderson/HOU/EES@EES, Jonathan Anderson/HOU/EES@EES, Tom Baldwin/HOU/EES@EES,
Justin Day/HOU/EES@EES, Michael Krautz/Enron Communications@Enron
Communications, Shelly Friesenhahn/Enron Communications@Enron Communications,
Todd Neugebauer/Enron Communications@Enron Communications, Steven
Batchelder/Enron Communications@Enron Communications, Bucky
Dusek/HOU/EES@EES, Niclas Egmar/HOU/EES@EES, Brad Mauritzen/HOU/EES@EES,
Clifford Nash/HOU/EES@EES, Sara Weaver/HOU/EES@EES, Kyle Etter/HOU/ECT@ECT,
Nick Hiemstra/HOU/ECT@ECT, Heather A Johnson/HOU/ECT@ECT, Binh
Pham/HOU/ECT@ECT, Stanton Ray/HOU/ECT@ECT, Jason R Wiesepape/HOU/ECT@ECT,
Erin Willis/HOU/ECT@ECT, Christa Winfrey/HOU/ECT@ECT, Michelle
Zhang/HOU/ECT@ECT, Dan Feather/SA/Enron@Enron, Ryan Hinze/Corp/Enron@ENRON,
Michael Olsen/NA/Enron@Enron, Ryan Taylor/NA/Enron@Enron, John
Weakly/Corp/Enron@ENRON, Amy Lehnert/Enron Communications@Enron
Communications, Reagan Mathews/Enron Communications@Enron Communications,
Lisa Gillette/HOU/ECT@ECT, Rob Brown/NA/Enron@Enron, Bill
Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Donald M- ECT Origination
Black/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Peter Ramgolam/LON/ECT@ECT,
Paul Choi/SF/ECT@ECT, Ron Baker/Corp/Enron@ENRON, Di Mu/Enron
Communications@Enron Communications, Will Chen/Enron Communications@Enron
Communications, Ted Huang/Enron Communications@Enron Communications, Eric
Mason/Enron Communications@Enron Communications, Lena Zhu/Enron
Communications@Enron Communications, Shahid Shah/NA/Enron@Enron, Ravi
Mujumdar/NA/Enron@Enron, David Junus/HOU/EES@EES, Paul Tan/NA/Enron@Enron,
Kristin Quinn/NA/Enron@Enron, Bryan Burnett/HOU/ECT@ECT, Michael W
Bradley/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Adam Gross/HOU/ECT@ECT, Margaret
Rhee/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gerardo Benitez/Corp/Enron@Enron,
Hector Campos/HOU/ECT@ECT, Robert Fuller/HOU/ECT@ECT, Dayem
Khandker/NA/Enron@Enron, Sarah Mulholland/HOU/ECT@ECT, Jeffrey
Snyder/Corp/Enron@Enron, Gabriel Chavez/NA/Enron@Enron, Reza
Rezaeian/Corp/Enron@ENRON, Jennifer Fraser/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT,
John Arnold/HOU/ECT@ECT, Cheryl Lipshutz/HOU/ECT@ECT, Steve
Venturatos/HOU/ECT@ECT, Michelle Juden/HOU/EES@EES, Christine
Straatmann/HOU/EES@EES, Nicole Alvino/HOU/ECT@ECT, Ashley Dietz/Enron
Communications@Enron Communications, Russell T Kelley/HOU/ECT@ECT, Katie
Stowers/HOU/ECT@ECT, Jason Thompkins/Enron Communications@Enron
Communications, Justyn Thompson/Corp/Enron@Enron, Jodi Thrasher/HOU/EES@EES,
Kim Womack/Enron Communications@Enron Communications, James
Wininger/NA/Enron@Enron, Brian Steinbrueck/AA/Corp/Enron@Enron, Jeffery
Ader/HOU/ECT@ECT, Andy Zipper/Corp/Enron@Enron, Barry
Schnapper/Corp/Enron@Enron, Brian Hoskins/Enron Communications@Enron
Communications, Barry Schnapper/Corp/Enron@Enron
cc:
Subject: Recruiting Expenses
Below are the instructions and cover sheet for your expense reports and the
form that you need to use for your expenses. Please be sure to follow all of
the instuctions or your report will be sent back to you and your payment
delayed.
You do not need to code anything! Everything is coded down here so you do
not have to know any numbers except your social security number and your
phone number. Also, tape your receipts to a blank sheet of paper on ALL 4
SIDES. If you have any questions you can call me at 3-0322.
FYI - Milage is reimbursed at .325 cents to the mile.
Thank you!!
| ||
arnold-j/_sent_mail/92.
|
subject: Re:
content: 6 months severence minus any errors
Jennifer Shipos
10/20/2000 03:22 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
How about 6 months severance? Do you think you can work that out for me?
| ||
arnold-j/_sent_mail/93.
|
subject:
content: if only i didn't have a position today I'd be ok
| ||
arnold-j/_sent_mail/94.
|
subject: Re: Look at what I found
content: think you're pretty clever, don't you?
"Jennifer White" <[email protected]> on 10/18/2000 04:03:59 PM
To: [email protected]
cc:
Subject: Look at what I found
http://www.fortune.com/fortune/fastest/stories/0,7127,CS|52390-2,00.html
___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com
| ||
arnold-j/_sent_mail/95.
|
subject:
content: rajib:
The following are my bids for the asian option:
GQ 1 : .41
GQ 2 : .63
GQ 3 : .57
| ||
arnold-j/_sent_mail/96.
|
subject: Re: BNP PARIBAS Commodity Futures Weekly AGA Survey
content: 34
[email protected] on 10/18/2000 08:21:15 AM
To: [email protected]
cc:
Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey
Good Morning,
Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.
Last Year +42
Last Week +62
Thanks,
Michael Byrne
BNP PARIBAS Commodity Futures
______________________________________________________________________________
_______________________________________________________
Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis
a l'intention exclusive de ses destinataires et sont confidentiels. Si vous
recevez ce message par erreur, merci de le detruire et d'en avertir
immediatement l'expediteur.
Toute utilisation de ce message non conforme a sa destination, toute
diffusion ou toute publication, totale ou partielle, est interdite, sauf
autorisation expresse.
L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS
(et ses filiales) decline(nt) toute responsabilite au titre de ce message,
dans l'hypothese ou il aurait ete modifie.
------------------------------------------------------------------------------
----
This message and any attachments (the "message") are intended solely for the
addressees and are confidential. If you receive this message in error, please
delete it and immediately notify the sender.
Any use not in accord with its purpose, any dissemination or disclosure,
either whole or partial, is prohibited except formal approval.
The internet can not guarantee the integrity of this message. BNP PARIBAS
(and its subsidiaries) shall (will) not therefore be liable for the message
if modified.
______________________________________________________________________________
_______________________________________________________
| ||
arnold-j/_sent_mail/963.
|
subject: Vanderbilt presentation
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 09/29/2000 03:31
PM ---------------------------
From: Beth Miertschin 09/29/2000 02:31 PM
To: Jeffrey McMahon/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Brian
Steinbrueck/AA/Corp/Enron@Enron, Rick Buy/HOU/ECT@ECT, Barry
Schnapper/Corp/Enron@Enron, Katie Stowers/HOU/ECT@ECT, Nicole
Alvino/HOU/ECT@ECT, Russell T Kelley/HOU/ECT@ECT
cc: Sue Ford/HOU/ECT@ECT
Subject: Vanderbilt presentation
Open Presentation
Monday, October 2nd - 6:00 PM
Alumni Hall, room 203
Please meet in the lobby of the hotel at 5:15 PM or at the room by 5:30 PM so
we can set up and finalize the game plan.
After the presentation we are going to have a dinner for targeted candidates
and also a reception for the people who came to the presentation. You will
be informed about where you need to participate on Monday; for now just keep
the time open.
Hotel rooms: Lowe's Vanderbilt Plaza Hotel - 615-320-1700
Nicole Alvino - #6953024
Brian Steinbrueck - #7964648
Katie Stowers - #9216151
Beth Miertschin - #415172
Rusty Kelley - #414434
Thank you for helping out! Please let me know if you need anything else or
have questions.
Beth Miertschin
| ||
arnold-j/_sent_mail/97.
|
subject:
content: can you find out if the tech group has scheduled installation of a dsl line
in my apartment?
| ||
arnold-j/_sent_mail/98.
|
subject: Re: mkts
content: It's funny the spreads in gas. First, in gas, you can play the seasonality
game. Does anybody want to buy M/N at 1 back. No, of course not. But in
crude, m/n at .10 back is normal. definitely a game as you try to keep month
on month spreads somewhat within reason while preserving year on year spreads
and creating equilibrium for where cal 2 on back hedging and spec demand is.
that's why cal 2 is as high as it is.
when was the last time the most bullish part of the nat gas curve was prompt
month. i can't remember w/o looking at charts. it's always the mentality
of: if it's tight now what about July or what about winter. i think that's
why the winter spreads are a piece. the z/f/g fly is interesting. i think
z/f can and will settle backw. just a high prob it goes cantango first.
Still seeing sellside interest in term. definitely a result of pira. will
probably get absorbed in the next two weeks as everybody forgets about them
and watches the front of the curve. previous to that conference, the
producers just didnt want to sell anything. tired of writing us a big check
every month.
so not only am i in on weekends, but they just put a computer in my house so
i can work at home at night. it's really my only time to sit and think
without the phones and eol going crazy. they better pay me for the decline
in my lifestyle .
[email protected] on 10/15/2000 09:26:31 PM
To: [email protected]
cc:
Subject: Re: mkts
what is a young pup like you doing working on saturday? yea ill check again
the
numbers but pretty sure they said +3 bcf by dec. ill let you know/its been
along week/weekend of partying in ny so my memory mite be failing me. i know
this isnt same as crude-less mature but getting there so im always wondering
if/when the mentality will start to go more that way-ie inverses shud be for
only 1 reason-that supply/demand balance will get less tite than it is today.
some length has gotten out of winter sprds but i know from a few i talk
too
they still in-im out even slitely short not much cuz i think growing
deliverabilty if it occurs is bearish the sprds-and 30 cts inverses will be
hard
to maintain unless we have crazy weather. we're only 2 weeks from withdrawel
period so unitl i see cash backwardate im not gonna be bullish these sprds
until
all the length bails.
your rite on the mkt-the anticipation is in the mkt-you gotta have flat px
to make money,my approach in the short term as well. that said everyone at
pira
including pira all bull bull the winter-will be good i think for a
win/sum01/win02 inverse play even tho its not cheap.
fyi-pira also bearish crude-not saying they rite but will have impact on
natgas producers sentiment short term-esp as mideast starts to fiad. for you
be
careful of the politics effecting heating oil, natgas watching too. there will
be some action in my opinion next 4 weeks by govt that cud impact ho futs
negatively and therefore may roll to natgas-ie if ho goes a big discount to
natgas before any major cold-gas will get hit i think. if i hear anything on
oil
side ill be happy to pass it on-apprec comment on producers not that im
surpirsed, wonder if they start going out further esp with forward sparks
getting hit lately??
good luck man-talk soon. pira was good. you go next year ill set up you
some
interesting people,good to network cuz we never know where we'll end up.
by the way-you bullish sum 02/win 02 or are you rolling a short? non of my
biz but i was on the other side-ill add if it narrows more. inkjections next
summer will be huge albeit from low stx-curve will mean revert eventually.
| ||
arnold-j/_sent_mail/99.
|
subject: Video for Enron Management Conference
content: Please call her and schedule
---------------------- Forwarded by John Arnold/HOU/ECT on 10/17/2000 06:52
PM ---------------------------
MARGE
NADASKY
10/17/2000 08:53 AM
To: Danny McCarty/ET&S/Enron@Enron, Shelley Corman/ET&S/Enron@ENRON, Bill
Cordes/ET&S/Enron@ENRON, John Arnold/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Gene Humphrey/HOU/ECT@ECT, Michael Kopper/HOU/ECT@ECT,
Paul Racicot/Enron Communications@Enron Communications, Ed Smida/Enron
Communications@Enron Communications, Mark Palmer/Corp/Enron@ENRON, Dan
Leff/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Charlene Jackson/Corp/Enron@ENRON, Kirk
McDaniel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Terrie James/Enron Communications@Enron Communications
Subject: Video for Enron Management Conference
We need you -- for the Management Conference video
We are working with the Office of the Chairman in preparing a video that
celebrates how Enron has reinvented itself many times over in the last 15
years, which is the theme of this year's Enron Management Conference. We
will be videotaping members of the Enron Executive Committee this week who
will be sharing and swapping stories with each other about Enron's past.
Then we will fast forward to today -- that's where you come in. We want each
of you to talk about what you and your group are doing right now that
represent how Enron continues to change and reinvent itself.
We will be videotaping October 24 and 25 in EB-50M05. Please call or e-mail
Marge Nadasky on Ext. 36631 as soon as possible to schedule a time that works
best for you on either of these days. We expect the taping will only take 20
minutes or so.
Again, your comments will help make this video fun and informative. Thanks
for your participation.
| ||
arnold-j/2000_conference/1.
|
subject: $85K allocation - processed (FYI)
content: Jennifer,
I just checked with Carolyn on your invoicing for the conference. She
verified the 85K was processed.
Colleen
| ||
arnold-j/2000_conference/2.
|
subject: Strategic Sourcing Conference
content: ----- Forwarded by Jeff Leath/NA/Enron on 12/04/2000 01:57 PM -----
"Johnson, Beverly" <[email protected]>
12/04/2000 01:48 PM
To: "'[email protected]'" <[email protected]>
cc: "Wallin, Kelli" <[email protected]>, "Hudson, Coleman"
<[email protected]>
Subject: Strategic Sourcing Conference
ENRON STRATEGIC SOURCING
FOLIO # 336135
10/8-11/00
MR. JEFF LEATH
PHONE: 713-646-6165
FAX: 713-646-6313
Jeff,
Per our conversation this morning, I will list the items in question. I am
also forwarding this to Kelli Wallin in our accounting department to follow
up on as well.
* ACCOUNTING: Please see that all service charges were posted as 18%,
per contract
* JEFF: I will fax you the comp ticket showing the 1 hour reception
posted to The Woodlands House account.
* ACCOUNTING: Please fax Jeff the back up for the package handling
charges. $451.35
* ACCOUNTING: Please adjust (1) wireless mouse charge for a total of
$156.41
* JEFF: In regards to the lunch charges, we charged a day guest rate
to include lunch in The Woodlands Dining Room @ $57.00 for 40 day
attendees. You had 80 persons on the Complete Meeting Package. However,
when coordinating with Tracey Kozadinos, she ordered and guaranteed 100 box
lunches @ $5.50 per person surcharge for the golf. Thus, 80+40=120 - 100
(box lunches) would leave 20 persons permitted to have lunch in The
Woodlands Dining Room. We billed you for the total amount of persons over
the 20 permitted in the Woodlands Dining Room.
* JEFF: Breakout charges were for (2) rooms. Enron had a guarantee of
120 attendees. We allow (1) breakout per 40 attendees. This particular
day, (5) breakouts were ordered. The audio visual in the additional
breakouts is based on a-la-carte pricing and is not included in the package.
Only av is included in the rooms that are part of the allocation.
Jeff, I will see that the adjustments are forwarded to you as soon as
possible in order to remit for payment. Please feel free to call me should
you have further questions. Thank you for your business!
Beverly J. Johnson
Conference Planning Manager
The Woodlands Resort & Conference Center
(281) 364-6234 -- Direct Dial
(281) 364-6338 -- Fax
| ||
arnold-j/2000_conference/3.
|
subject: Quotes for the CD's.
content: Jennifer,
In regard to the costs for the GAM conference, Karen told me the $ 6,695.97
figure was inclusive of all the items for the conference. However, after
speaking with Shweta, I found out this is not the case. The CDs are not
included in this figure.
The CD cost will be $2,011.50 + the cost of postage/handling (which is
currently being tabulated).
Colleen
----- Forwarded by Colleen Koenig/NA/Enron on 12/04/2000 10:56 AM -----
Shweta Sawhney
12/04/2000 10:54 AM
To: Colleen Koenig/NA/Enron@Enron
cc:
Subject: Quotes for the CD's.
Hi,
This is the original quote for this project and it did not include the
postage. As soon as I have the details from the vendor, I'll forward those to
you.
Please call me if you have any questions.
Thanks,
Shweta.
----- Forwarded by Shweta Sawhney/NA/Enron on 12/04/2000 10:52 AM -----
Shweta Sawhney
10/30/2000 05:53 PM
To: Karina Prizont/NA/Enron@Enron
cc: Karen Hunter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Quotes for the CD's.
Hi,
We have recieved the quotes from the vendors and the details are:
1 . 150 Cd's with Black printing and the plastc jewel cases - $ 886.50
2 . The distribution cost (minimum for 500 CD's) - $ 355.00
This will include the padded envelope, the address labels, the packing
and deliver to the post office, but the postage is not included.
3 . The time for Coordination, Artwork and the inserts output and trimming -
$ 770.00
So the total amount is approx. $2,011.50. The total time would be about 8
days. These are approximate figures only.
If you have any questions you can call Karen Hunter at X56228. or I can be
reached at X55706.
Thanks,
Shweta.
| ||
arnold-j/active_international/1.
|
subject: Active International - Action Items
content: ACTION ITEMS:
(1) Include additional EES and Enron Corp conferences where trade credits
may be applicable. Identify cash spend estimates for existing and new
spend categories. Assigned: Tracy Ramsey, Carrie Blaskowski and Janelle
Daniel. Date: by 12/7
Cash Spend Estimates - Meeting Spend:
Meeting planning represents 20% additional T&E costs
Enron has spent approximately $10M on meetings to date in 2000
At least one Enron meeting is held offsite every workday of the year
EES T&E Spend Jan - Aug = 2.9M (Estimated Meeting Planning Spend $580,000)
Corp T&E Spend Jan - Aug = 3.2M (Estimated Meeting Planning Spend $640,000)
Note: Estimates include food & beverages, golf, spa, etc.
Please let me know ifyou have any questions.
Tracy x68311
| ||
arnold-j/all_documents/1.
|
subject: Invitation: EBS/GSS Meeting w/Bristol Babcock (Nov 30 02:00 PM CST
content: Conference Room TBD.
This meeting will be to discuss opportunity for EBS to provide the network
for BBI's well-site reporting systems to send their data across. Maybe
VBN/IPNetConnect application?
| ||
arnold-j/all_documents/10.
|
subject: EBS Information
content: Team,
Attached is the newest EBS orgchart, updated 2 days ago. They have made some
interesting changes.
Also, you can click on the URL below to go to the EBS intranet site, where
you will find all sorts of information related to EBS, its market and
competition, etc. As a "high-tech" company, they actually do keep this
updated very frequently, unlike some of the other Enron internal web sites.
(you will find Norm Levine's market/comp info here, as well)
http://websource.enron.net/
Jeff
| ||
arnold-j/all_documents/100.
|
subject: Target Accounts checkup
content: Kim,
I would like to either meet with you, or trade e-mails on your current and
possible future target accounts list where GSS may be able to add value to
your efforts. Since we're ending 2000 and going into a new sales year, I
want to make sure I'm not holding resource open on any accounts which may
not, or should not be on the list of focus accounts which you and your team
have requested our involvement with. I also want to make sure I'm bringing
resource to bear on the accounts which you DO want to engage.
For example, at one point Siemens was one of them, and with recent
developments, may now be off your list...the last communication I received
from the NYC office re: Siemens was via telephone call on November 3rd,
where they informed me that the primary opportunity looked like it would be
with one of their medical groups based in Chicago. After several
unsuccessful follow-up attempts, I placed the Siemens account in the dormant
category. Yesterday, Jennifer forwarded me information requesting engagement
with your team on CA (Computer Associates) and U.S. Internetworking, and
today American Express has surfaced. Consequently, I think it's probably a
good idea for me to make sure I'm focused on the right accounts for you.
I realize you may be in PRC today and/or tomorrow, so perhaps Friday would
work? If not, I would have Monday the 18th available late afternoon, or any
time on December 27th, 28th, or 29th. When would be good for you? Please
let me know!
Thank you,
Jeff
| ||
arnold-j/all_documents/1000.
|
subject: Re:
content: http://www.baltimoresun.com/content/cover/story?section=cover&pagename=story&s
toryid=1150540202173
Karen Arnold <[email protected]> on 01/08/2001 09:14:44 PM
To: [email protected], [email protected]
cc:
Subject:
Remember, this is the year for family vacation. So, any ideas?????
| ||
arnold-j/all_documents/1001.
|
subject:
content: http://www.baltimoresun.com/content/cover/story?section=cover&pagename=story&s
toryid=1150540202173
| ||
arnold-j/all_documents/1002.
|
subject:
content: Can you put a notice on EOL that due to MLK day, we will be closed Sunday and
be offering Nymex products only from 4-7 on Monday.
Thanks,
John
| ||
arnold-j/all_documents/1003.
|
subject: Re:
content: next Thursday at 7:00 pm
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
Yes, yes, yes. When would be helpful, bubbie.
John Arnold
01/09/2001 04:10 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:
Bubbie:
You are hereby invited to the tenth annual Spectron/Enron Celebrity Tony's
dinner featuring Brian Tracy, John Arnold, and Mike Maggi.
Regrets only,
John
| ||
arnold-j/all_documents/1004.
|
subject: daily charts and matrices as hot links 1/10
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 01/10/2001 07:42
AM ---------------------------
[email protected] on 01/10/2001 06:42:29 AM
To: [email protected]
cc:
Subject: daily charts and matrices as hot links 1/10
The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete. Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein. Any
opinions expressed herein are solely those of the author. As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates. , 2000 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Crude http://www.carrfut.com/research/Energy1/crude82.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas82.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil82.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded82.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/Stripmatrix82.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG82.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL82.pdf
Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606 USA
Tel: 312-368-6149
Fax: 312-368-2281
[email protected]
http://www.carrfut.com
| ||
arnold-j/all_documents/1005.
|
subject: Re: Yeah Monkey!!!!!!!!!!!!!!!!!!!!!!!!!!!
content: sorry i've taken so long...just been trying to fend off the chicks. life is
sooooo hard sometimes.
MONKEY !!!!!!!!!!!!!!!!!
From: Brian O'Rourke@ENRON COMMUNICATIONS on 01/04/2001 10:04 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Yeah Monkey!!!!!!!!!!!!!!!!!!!!!!!!!!!
Monkey;
Hey you little bastard, what the fuck are you doing in a picture in
E-Company??? What, do you think that should help you score women. How do
you say BALANCE SHEET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yeah Monkey,
B
|
brian.o'[email protected]
|
|
arnold-j/all_documents/1006.
|
subject:
content: Bubbie:
You are hereby invited to the tenth annual Spectron/Enron Celebrity Tony's
dinner featuring Brian Tracy, John Arnold, and Mike Maggi.
Regrets only,
John
| ||
arnold-j/all_documents/1008.
|
subject:
content: please schedule a round of interviews with john griffith with scott, hunter,
phillip, and tom asap (today if possible).
thx
| ||
arnold-j/all_documents/1009.
|
subject: Important - EOL Data
content: what's this about?
---------------------- Forwarded by John Arnold/HOU/ECT on 01/03/2001 04:12
PM ---------------------------
Ina Rangel
01/03/2001 03:52 PM
To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Larry
May/Corp/Enron@Enron, Dutch Quigley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Keith
Holst/HOU/ECT@ect, Frank Ermis/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Jane
M Tholt/HOU/ECT@ECT, Monique Sanchez/HOU/ECT@ECT, Tori
Kuykendall/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT
cc:
Subject: Important - EOL Data
---------------------- Forwarded by Ina Rangel/HOU/ECT on 01/03/2001 03:49 PM
---------------------------
From: Amanda Huble @ ENRON 01/03/2001 03:43 PM
To: Becky Young/NA/Enron@Enron, Laura Vuittonet/Corp/Enron@Enron, Jessica
Presas/Corp/Enron@ENRON, Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT,
Kimberly Brown/HOU/ECT@ECT
cc:
Subject: Important - EOL Data
Please forward to your groups IMMEDIATELY.
Thank you,
Amanda Huble
---------------------- Forwarded by Amanda Huble/NA/Enron on 01/03/2001 03:42
PM ---------------------------
Colin Tonks@ECT
01/03/2001 03:39 PM
To: Amanda Huble/NA/Enron@Enron
cc:
Subject: Important - EOL Data
If you are currently accessing the EOL database via Excel, Access or any
other means, please contact Colin Tonks (x58885).
EOL intends to stop access to the data within the next month. This means that
any spreadsheets or Access databases will not function subsequent to this
change.
We are currently working with EOL to attain a solution, and need your help to
build an inventory of all potential problems.
Colin Tonks
| ||
arnold-j/all_documents/101.
|
subject: Ken Lay and Jeff Skilling on CNNfn
content: Ken Lay and Jeff Skilling were interviewed on CNNfn to discuss the succession
of Jeff to CEO of Enron. We have put the interview on IPTV for your viewing
pleasure. Simply point your web browser to http://iptv.enron.com, click the
link for special events, and then choose "Enron's Succession Plan." The
interview will be available every 15 minutes through Friday, Dec. 15.
| ||
arnold-j/all_documents/1010.
|
subject:
content: John:
I would like for you to come talk to a couple more people on the gas floor
about a possible position down the road. My assistant Ina Rangle is going to
schedule a couple interviews. Please coordinate with her.
John
| ||
arnold-j/all_documents/1011.
|
subject: Re:
content: I want John to interview with the various desk heads (Scott, Hunter, Phillip,
Tom). I think I'm going to tell John not to mention the past. It's an
issue that doesn't need to be made public and as long as Lavo and myself are
okay with it, I don't see the need to get individual approval from everyone.
Thanks for your help,
John
Ed McMichael
01/03/2001 08:37 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
Thanks for the inquiry. I sincerely appreciate you giving me the heads up.
As much as it pains me to say yes, I think John has proved himself worthy and
I am willing to let him interview for the job. As we talked about before, my
only condition is that you guys make sure you are willing to take him if he
comes out on top. If there is any chance that his past will negatively
influence your decision, I am not willing to let him interview. He handled
the last experience with real maturity, but I do not want him to have any
more reasons to doubt his ability to overcome his past by working hard and
proving himself here. He is very valuable to me and ENA. Please let me
know.
Ed
John Arnold
01/02/2001 09:04 PM
To: Ed McMichael/HOU/ECT@ECT
cc:
Subject:
Ed:
I am starting options on EOL in about two weeks. As we discussed earlier, I
don't have the appropriate manpower to run this in certain circumstances,
such as when I'm out of the office. As such, I'd like to bring in John
Griffith for anohter round of interviews for an options trading role with
your permission.
John
| ||
arnold-j/all_documents/1012.
|
subject:
content: greg:
what is the (correct) formula you devised for profitability on last trade is
mid?
| ||
arnold-j/all_documents/1013.
|
subject: Re:
content: glad you enjoyed yourself even though you didnt get to go to ny. maybe next
year. Had a great time in new orleans but it was freezing. nice to get
away. going to vegas this weekend to watch the football games.
love you,
john
Karen Arnold <[email protected]> on 01/01/2001 08:59:53 PM
To: [email protected], [email protected]
cc:
Subject:
Well, never got to NY to enjoy New Years and the blizzard.? However, by
staying in Dallas, did experience a white New Year's eve.? Never made it to
Addison Cafe for New Year's eve dinner (back up plans), roads were just too
bad.? But I cooked fresh salmon at home and we had a very lovely dinner.
Hope you had a wonderful celebration (not quite the same as last year in
Sidney, now was it) and brought in the new year with a bang!
Have a happy, healthy and much more prosperous 2001!? I wish only the best
for you.? Love you much, your Mom
| ||
arnold-j/all_documents/1014.
|
subject:
content: are you free for a drink/dinner Wednesday night?
| ||
arnold-j/all_documents/1015.
|
subject:
content: Ed:
I am starting options on EOL in about two weeks. As we discussed earlier, I
don't have the appropriate manpower to run this in certain circumstances,
such as when I'm out of the office. As such, I'd like to bring in John
Griffith for anohter round of interviews for an options trading role with
your permission.
John
| ||
arnold-j/all_documents/1016.
|
subject: Re: Financial Group - Gas Team
content: He joined the group 2 weeks ago. Put him in my cost center.
From: Edie Leschber 01/02/2001 05:48 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Financial Group - Gas Team
John,
Is there a man by the name of Henry (Dutch) Quigley who will be working in
your group? His name was not on the list I sent to you previously,
but he showed up on another list from HR as being assigned to your group.
Please let me know and I will make any necessary adjustments
to your cost center for him.
Thank you,
Edie Leschber
X30669
| ||
arnold-j/all_documents/1017.
|
subject: Re: 24x7 Emergency Services
content: take me off your mailing list
"Piping Technology & Products, Inc." <[email protected]> on
01/02/2001 04:59:48 PM
To: <[email protected]>
cc:
Subject: 24x7 Emergency Services
U.S. Bellows/PT&P: Manufacturer of Expansion Joints, Compensators and more.
December 2000
[IMAGE]
www.pipingtech.com? |? www.usbellows.com? | www.swecofab.com?
U.S. Bellows Responds to Emergency Order from Alaska Nitrogen Products, LLC
for a 48" Dia. Expansion Joint
U.S. Bellows, Inc., the expansion joint division of Piping Technology &
Products, Inc., has once again shown its dedication and devotion to its
customers by rushing to the emergency call of Alaska Nitrogen Products,
LLC.? Alaska Nitrogen Products called upon U.S. Bellows 24 x 7
quick-turn/emergency service to aid them in the immediate replacement of a
deformed, 48" diameter expansion joint when their G417 Pump failed suddenly
during the plant startup.? The timeline of events demonstrates the quick
engineering and manufacturing response from U.S.Bellows:
[IMAGE]
[IMAGE]
07/21/00 (Friday) 5:30 p.m., U.S. Bellows receives an emergency call from
Alaska Nitrogen Products, LLC.
[IMAGE]
07/22/00 (Saturday) U.S. Bellows/PT&P builds the 48" diameter expansion
joint and ships it to Alaska Nitrogen Products, LLC on the same day.
[IMAGE]
07/22/00 (Saturday) U.S. Bellows/PT&P builds the 48" diameter expansion
joint and ships it to Alaska Nitrogen Products, LLC on the same day.
[IMAGE]
Deformed expansion joint at Alaska Nitrogen Products
[IMAGE]
The 48" Dia. expansion joint ready for shipment to customer's location
[IMAGE]
[IMAGE]
?24 x 7 Quick-turn/Emergency Services
?On-site Field Services
[IMAGE]U.S. Bellows/PT&P is available on a 24x7 basis to fulfill any
emergency requirements that might arise in the course of plant shut-downs or
start-ups.? Using the unique web and internet-based technology, the U.S.
Bellows "on-call" engineering team guarantees a response time of 30
minutes.? For details about this new service, please refer to
http://www.usbellows.com/emergency.html or the U.S. Bellows' recent press
release (http://www.usbellows.com/news/pr03.htm)
U.S. Bellows/PT&P has extensive experience providing on-site services in
quick-turn or emergency response situations.? U.S. Bellows/PT&P can provide
on-site services for expansion joints (as well as for pipe supports) which
include the following:?
Installation guidance.[IMAGE]
Inspection and maintenance.[IMAGE]
Problem resolution
Quick-turn replacement during shutdowns and turnarounds
[IMAGE]
? Discussion Forum
? Customer Desktop
[IMAGE]Post your product inquiries, request for technical support,
comments/questions about PT&P and its products here at PT&P Discussion
Forum.
To use this service, please register at
http://www.pipingtech.com/discussion.htm/
[IMAGE]Using PT&P Customer Desktop, you can check the shipping status of
your projects and jobs from anywhere in the world, at anytime of day or
night.??
[IMAGE]
Secured
[IMAGE]
Accurate Information
[IMAGE]
Integratable with MS Excel
[IMAGE]Register today at http://www.pipingtech.net/CD_RegMain.asp?
[IMAGE]
? Catalogs
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
Pipe Supports Catalog
Expansion Joint Catalog
Pre-insulated Pipe Supports Catalog
Instrument Supports Catalog
[IMAGE]
[IMAGE]
[IMAGE]
Would you like for U.S. Bellows to come out to your office to make a
technical presentation on a specific topic (e.g. expansion joints) or to
make a general presentation?? Contact U.S. Bellows Outside Sales at
+1-713-731-0030 or on e-mail at [email protected] to setup a time
and date.
** U.S. Bellows, Inc./Piping Technology & Products, Inc.?does not send
unsolicited email.
If you do not wish to receive future emails from U.S. Bellows/Piping
Technology & Products, Inc. or relevant third parties, please fill out the
unsubscribe form at http://www.pipingtech.com/forms/unsub.htm/?or simply
reply to [email protected] with unsubscribe in the subject line if
you do not have internet connections.
Feel free to send this message to a friend or business associate or have
them fill our the subscribe form at
http://www.pipingtech.com/forms/unsub.htm?or send their email addresses to:
[email protected] to be included in future E-Newsletters from U.S.
Bellows/Piping Technology & Products, Inc.
| ||
arnold-j/all_documents/1018.
|
subject:
content: i'm paying you in stock options
| ||
arnold-j/all_documents/1019.
|
subject: Re: Site Location Advisory Service
content: take me off your mailing list
"Taylor, Monique" <[email protected]> on 01/02/2001 01:41:40 PM
To: "ACTIVE Howard Low (E-mail)" <[email protected]>, "ACTIVE Howard Uffer
(E-mail)" <[email protected]>, "ACTIVE I. Brad King (E-mail)"
<[email protected]>, "ACTIVE Ian David Housby (E-mail)"
<[email protected]>, "ACTIVE Ian T. Crowe (E-mail)"
<[email protected]>, "ACTIVE Ichiro Kadono (E-mail)" <[email protected]>,
"ACTIVE Ira Riahi (E-mail)" <[email protected]>, "ACTIVE Irene C. Masterton
(E-mail)" <[email protected]>, "ACTIVE Izumi Yamamoto (E-mail)"
<[email protected]>, "ACTIVE J. Babik Pestritto (E-mail)"
<[email protected]>, "ACTIVE J. Gordon Prunty (E-mail)"
<[email protected]>, "ACTIVE J. Gregory Ellis (E-mail)" <[email protected]>,
"ACTIVE J. M. O. Grey (E-mail)" <[email protected]>, "ACTIVE J. Mark Schleyer
(E-mail)" <[email protected]>, "ACTIVE J. R. Orton (E-mail)"
<[email protected]>, "ACTIVE J. Roy Cloudsdale (E-mail)"
<[email protected]>, "ACTIVE J. Thomas Recotta (E-mail)"
<[email protected]>, "ACTIVE J. Walter Berger (E-mail)"
<[email protected]>, "ACTIVE Jaan Meri (E-mail)"
<[email protected]>, "ACTIVE Jack Gaylord (E-mail)" <[email protected]>,
"ACTIVE Jack Hyland (E-mail)" <[email protected]>, "ACTIVE Jack L.
Brophy (E-mail)" <[email protected]>, "ACTIVE Jacqueline Salerno
(E-mail)" <[email protected]>, "ACTIVE Jacqueline Wilson (E-mail)"
<[email protected]>, "ACTIVE James A. Ableson (E-mail)"
<[email protected]>, "ACTIVE James A. Iacobazzi (E-mail)"
<[email protected]>, "ACTIVE James A. Martin (E-mail)"
<[email protected]>, "ACTIVE James A. Sladack (E-mail)"
<[email protected]>, "ACTIVE James C. Goodman (E-mail)"
<[email protected]>, "ACTIVE James D. Frey (E-mail)"
<[email protected]>, "ACTIVE James F. Caldwell (E-mail)"
<[email protected]>, "ACTIVE James F. Doran (E-mail)"
<[email protected]>, "ACTIVE James H. Dommel (E-mail)"
<[email protected]>, "ACTIVE James J. O'Hara (E-mail)"
<[email protected]>, "ACTIVE James J. O'Neil (E-mail)"
<[email protected]>, "ACTIVE James K. Harbaugh (E-mail)"
<[email protected]>, "ACTIVE James M. Winter (E-mail)"
<[email protected]>, "ACTIVE James Maloney (E-mail)"
<[email protected]>, "ACTIVE James P. Desmond (E-mail)"
<[email protected]>, "ACTIVE James P. Gade (E-mail)"
<[email protected]>, "ACTIVE James R. Duport (E-mail)"
<[email protected]>, "ACTIVE James R. Shaw (E-mail)"
<[email protected]>, "ACTIVE James R. Taylor (E-mail)"
<[email protected]>, "ACTIVE James Scannell (E-mail)"
<[email protected]>, "ACTIVE James Sharkey (E-mail)"
<[email protected]>, "ACTIVE James W. Brooks (E-mail)"
<[email protected]>, "ACTIVE James W. Lawler (E-mail)" <[email protected]>,
"ACTIVE James W. Moses (E-mail)" <[email protected]>, "ACTIVE James W.
Nixon (E-mail)" <[email protected]>, "ACTIVE James Yao
(E-mail)" <[email protected]>, "ACTIVE Jane Spencer Wesby (E-mail)"
<[email protected]>, "ACTIVE Janet Richardson (E-mail)"
<[email protected]>, "ACTIVE Janet South (E-mail)"
<[email protected]>, "ACTIVE Jay Bechtel (E-mail)"
<[email protected]>, "ACTIVE Jay Driller (E-mail)" <[email protected]>,
"ACTIVE Jay Poswolsky (E-mail)" <[email protected]>, "ACTIVE Jean
Baudrand (E-mail)" <[email protected]>, "ACTIVE Jeff Hayhurst (E-mail)"
<[email protected]>, "ACTIVE Jeff Kudlac (E-mail)"
<[email protected]>, "ACTIVE Jeff S. Chenen (E-mail)"
<[email protected]>, "ACTIVE Jeffery B. Forrest (E-mail)"
<[email protected]>, "ACTIVE Jeffrey A. Rock (E-mail)"
<[email protected]>, "ACTIVE Jeffrey Chaitman (E-mail)"
<[email protected]>, "ACTIVE Jeffrey Cramer (E-mail)"
<[email protected]>, "ACTIVE Jeffrey J. Georger (E-mail)"
<[email protected]>, "ACTIVE Jeffrey L. Elie (E-mail)"
<[email protected]>, "ACTIVE Jeffrey Sweeney (E-mail)"
<[email protected]>, "ACTIVE Jeffrey T. Austin (E-mail)"
<[email protected]>, "ACTIVE Jennifer Sherry (E-mail)"
<[email protected]>, "ACTIVE Jennifer Sigan (E-mail)" <[email protected]>,
"ACTIVE Jennifer Stewart Arnold (E-mail)" <[email protected]>, "ACTIVE
Jeoffrey K. Moore (E-mail)" <[email protected]>, "ACTIVE Jeremiah D. Hover
(E-mail)" <[email protected]>, "ACTIVE Jeri Bogan (E-mail)"
<[email protected]>, "ACTIVE Jerome R. Crylen (E-mail)" <[email protected]>,
"ACTIVE Jerry W. Murphy (E-mail)" <[email protected]>, "ACTIVE
Jim Pond (E-mail)" <[email protected]>, "ACTIVE Jim Tousignant (E-mail)"
<[email protected]>, "ACTIVE Joanne M. Kiley (E-mail)"
<[email protected]>, "ACTIVE Joanne M. Prosser (E-mail)"
<[email protected]>, "ACTIVE Joel Blockowicz (E-mail)"
<[email protected]>, "ACTIVE Joel Bloom (E-mail)" <[email protected]>,
"ACTIVE Johanna Hellenborg (E-mail)" <[email protected]>, "ACTIVE John A.
Feltovic (E-mail)" <[email protected]>, "ACTIVE John A. Hilliard
(E-mail)" <[email protected]>, "ACTIVE John Allan (E-mail)"
<[email protected]>, "ACTIVE John Anthony Linden (E-mail)"
<[email protected]>, "ACTIVE John Balkwill (E-mail)"
<[email protected]>, "ACTIVE John Bisanti (E-mail)"
<[email protected]>, "ACTIVE John C. Clyne (E-mail)"
<[email protected]>, "ACTIVE John C. Martz (E-mail)"
<[email protected]>, "ACTIVE John C. Mulhern (E-mail)"
<[email protected]>, "ACTIVE John D. Byrnes (E-mail)"
<[email protected]>, "ACTIVE John E. Betsill (E-mail)"
<[email protected]>, "ACTIVE John E. Zimmerman (E-mail)"
<[email protected]>, "ACTIVE John F. Buckley (E-mail)"
<[email protected]>, "ACTIVE John F. Harbord (E-mail)"
<[email protected]>, "ACTIVE John F. Matthews (E-mail)"
<[email protected]>, "ACTIVE John F. Simcoe (E-mail)"
<[email protected]>, "ACTIVE John F. Stier (E-mail)" <[email protected]>,
"ACTIVE John G. Malino (E-mail)" <[email protected]>, "ACTIVE John H. Degnan
(E-mail)" <[email protected]>, "ACTIVE John Hay (E-mail)"
<[email protected]>, "ACTIVE John Igoe (E-mail)" <[email protected]>,
"ACTIVE John J. Chapman (E-mail)" <[email protected]>, "ACTIVE John J.
Crisel (E-mail)" <[email protected]>, "ACTIVE John J. Crowe (E-mail)"
<[email protected]>, "ACTIVE John J. DeMarsh (E-mail)" <[email protected]>,
"ACTIVE John J. Guba (E-mail)" <[email protected]>, "ACTIVE John J. Keogh
(E-mail)" <[email protected]>, "ACTIVE John Jacobs (E-mail)"
<[email protected]>, "ACTIVE John K. Austin (E-mail)"
<[email protected]>, "ACTIVE John L. Sneddon (E-mail)"
<[email protected]>, "ACTIVE John L. Stein (E-mail)"
<[email protected]>, "ACTIVE John M. Hogan (E-mail)"
<[email protected]>, "ACTIVE John P. Meyer (E-mail)"
<[email protected]>, "ACTIVE John P. Thomas (E-mail)"
<[email protected]>, "ACTIVE John Parro (E-mail)"
<[email protected]>, "ACTIVE John Payne (E-mail)"
<[email protected]>, "ACTIVE John Popolillo (E-mail)"
<[email protected]>, "ACTIVE John R. Ferrari (E-mail)"
<[email protected]>, "ACTIVE John R. Peters (E-mail)"
<[email protected]>, "ACTIVE John Randall Evans (E-mail)"
<[email protected]>, "ACTIVE John Robinson (E-mail)"
<[email protected]>, "ACTIVE John Sweat (E-mail)"
<[email protected]>, "ACTIVE John Terela (E-mail)" <[email protected]>,
"ACTIVE John Trendler (E-mail)" <[email protected]>, "ACTIVE John Voorhorst
(E-mail)" <[email protected]>, "ACTIVE John W. Brannock (E-mail)"
<[email protected]>, "ACTIVE John W. Coons (E-mail)"
<[email protected]>, "ACTIVE John W. Corbett (E-mail)"
<[email protected]>, "ACTIVE John W. Green (E-mail)"
<[email protected]>, "ACTIVE John W. Hildebrand (E-mail)"
<[email protected]>, "ACTIVE John Zalewski (E-mail)"
<[email protected]>, "ACTIVE Jo-Lynne Price (E-mail)"
<[email protected]>, "ACTIVE Jon J. Crockett (E-mail)"
<[email protected]>, "ACTIVE Jonathan C. Keefe (E-mail)"
<[email protected]>, "ACTIVE Jonathan R. Coun (E-mail)"
<[email protected]>, "ACTIVE Jonathan T. Tucker (E-mail)"
<[email protected]>, "ACTIVE Jordan O. Hemphill (E-mail)"
<[email protected]>, "ACTIVE Jose Oncina (E-mail)"
<[email protected]>, "ACTIVE Joseph C. Ellsworth (E-mail)"
<[email protected]>, "ACTIVE Joseph D. Buckman (E-mail)"
<[email protected]>, "ACTIVE Joseph D. Winarski (E-mail)"
<[email protected]>, "ACTIVE Joseph F. Patterson (E-mail)"
<[email protected]>, "ACTIVE Joseph J. Procopio (E-mail)"
<[email protected]>, "ACTIVE Joseph L. Maccani (E-mail)"
<[email protected]>, "ACTIVE Joseph M. Cowan (E-mail)"
<[email protected]>, "ACTIVE Joseph M. Milano (E-mail)"
<[email protected]>, "ACTIVE Joseph M. Murphy (E-mail)"
<[email protected]>, "ACTIVE Joseph M. Patti (E-mail)" <[email protected]>,
"ACTIVE Joseph T. Turner (E-mail)" <[email protected]>, "ACTIVE Joshua
Figueroa (E-mail)" <[email protected]>, "ACTIVE Juan L. Cano (E-mail)"
<[email protected]>, "ACTIVE Judith A. Taylor (E-mail)"
<[email protected]>, "ACTIVE Judy M. Schultz (E-mail)"
<[email protected]>, "ACTIVE Julian Atkins (E-mail)"
<[email protected]>, "ACTIVE Jurg Grossenbacher (E-mail)"
<[email protected]>, "ACTIVE K. Nicole Escue (E-mail)"
<[email protected]>, "ACTIVE Karen Amos (E-mail)"
<[email protected]>, "ACTIVE Karen Couto (E-mail)"
<[email protected]>, "ACTIVE Karen L. Balko (E-mail)"
<[email protected]>, "ACTIVE Karen Randal (E-mail)"
<[email protected]>, "ACTIVE Karl W. Myers (E-mail)"
<[email protected]>, "ACTIVE Kathleen A. Carrington (E-mail)"
<[email protected]>
cc:
Subject: Site Location Advisory Service
I am pleased to inform you that one of Canada's leading business service
providers, Grant Thornton LLP, is now offering US firms a full Site Location
Advisory Service.
With over forty offices across Canada, Grant Thornton LLP knows Canada. We
are finding that more and more US corporations are looking north as they are
faced with fewer satisfactory location alternatives in which to expand.
Canada, with its relatively large and well trained work force, not to
mention lower operating costs, is increasingly being considered by companies
such as yours.
Grant Thornton LLP would be pleased to discuss this service with you. It is
a full service that includes, on your behalf, real estate sourcing, labor
force analysis and verification, tax analysis and comparison, and incentive
negotiations.
Should you be considering expanding your operations and interested in
discussing our service, please give us a call. More and more United States
firms, from call centers to manufacturers are locating in Canada to serve
both their US and Canadian customers.
Based in Moncton, New Brunswick Canada, I can be reached at:
Telephone (506) 857-0100
Cell Phone (506) 381-1450
E-Mail [email protected]
Michael S. MacBride, CMA
Senior Consultant
Grant Thornton LLP
Chartered Accountants
PO Box 1005
633 Main Street Suite 500
Moncton New Brunswick Canada E1C 8P2
This e-mail is intended solely for the person or entity to which it is
addressed and may contain confidential and/or privileged information. Any
review, dissemination, copying, printing or other use of this e-mail by
persons or entities other than the addressee is prohibited. If you have
received this e-mail in error, please contact the sender immediately and
delete the material from any computer.
| ||
arnold-j/all_documents/102.
|
subject: Re: BMC Update, 2:30pm 12/13 - changes noted
content: Jennifer,
This is apparently the type of deal flip-flop which BMC has been blessing EBS
with. In the note from Doug Cummins which contained his updated spend
projections, he had the "Professional Services" highlighted with a bunch of
question marks. It is at the bottom of his sheet, and lists a qty of 30 @
$2000 per = $60,000 --- I assume that's $2K/hour or per day. Either way,
it's not something that appears palatable to them (Net Works). I'll be going
over there in a few minutes, and will try to check w/each of the guys. I'll
keep you posted.
Jeff
----- Forwarded by Jeff Youngflesh/NA/Enron on 12/13/2000 02:41 PM -----
Stephen Morse@ENRON COMMUNICATIONS
12/13/2000 02:10 PM
To: Chaz Vaughan/Enron Communications@Enron Communications
cc: Jeff Youngflesh/NA/Enron@ENRON, Brad Nebergall/Enron
Communications@Enron Communications
Subject: Re: BMC Update
Clarification on the below.
Point #1 our position has been $3MM on software (they are saying they need
$4MM to get the deal done.)
Additionally, they want Maintenance and professional services to go with the
dollar amount. $2.4MM is their position here. I need your help to clarify
with each group who is on board with maintenance and profesional services.
BMC's #2 guy Jeff Hawn told Jim Crowder this was critical for them.
Thanks,
Steve
Steve Morse
Enron Broadband Services
713-853-7137-work
713-569-7912-cell
email: [email protected]
Chaz Vaughan
12/12/00 07:29 PM
To: Jeff Youngflesh/NA/Enron@ENRON
cc: Stephen Morse/Enron Communications@Enron Communications
Subject: Re: BMC Update
Jeff,
Thank you for your efforts on the BMC deal. We are making real progress.
Here are the answers to your questions:
1. How much do they want you to guarantee them in BMC revenue?
$4 MM in software and $2.4 MM in maintenance and professional services
2. Are you still looking at a $13MM TCV over 5 years?
No, our current TCV over 5 years is $10 MM
3. Have I properly conveyed the "accepable-to-BMC method" of proving
purchase commitment from Enron?
Not sure what you mean here
4. Your note re: getting the Prof'nl Svcs contract signed says it has to be
done by 6pm the 14th...what if you don't get it until the morning of the 15th?
We prefer the 14th, but if we can't get it until the 15th, that will work
Please let me know if you have any other questions. I will call you tomorrow
to touch base.
Thanks,
Chaz Vaughan
Enron Broadband Services
1400 Smith Street
Houston, TX 77002
Ph: 713-345-8815
Cell: 713-444-3074
Fax: 713-853-7354
[email protected]
Jeff Youngflesh@ENRON
12/12/00 04:43 PM
To: Stephen Morse/Enron Communications@Enron Communications, Chaz
Vaughan/Enron Communications@Enron Communications
cc: Jennifer Medcalf/NA/Enron@Enron, Brad Nebergall/Enron
Communications@Enron Communications, Eric Merten/Enron Communications@Enron
Communications
Subject: BMC Update
Steve/Chaz -
I have taken your EBS Professional Services contract through our contracts
folks, and we have ended up with it now being in EBS' contracts dept w/one of
your attorneys. Our contracts Director, Tom Moore, and I spoke w/Eric Merten
(PDX) early this afternoon, and he now has the contract. EBS may have some
Intellectual Property issues related to ownership of BMC Consultant-developed
materials (while being paid by Enron). Eric is in the driver's seat with the
contract at this point.
I have sent notes to all of the Net Works directors currently engaged in one
form or another with BMC product and/or personnel. In it, they have been
requested to help us understand our opportunity from a number of angles:
Application(s) considered, attractiveness of the new pricing, attractiveness
of the BMC flexibility w/regard to "purchase commitment", etc. In addition,
I have re-iterated the time urgency.
I have followed up the note w/telephone calls & messages to all of them:
Doug Cummins, Randy Matson, Bob Martinez, Jim Ogg, and Bruce Smith. I am
meeting with Bob Martinez on Wednesday at 3pm. Matson, Ogg, and Smith have
me in their voicemailbox, Cummins was in a meeting and he said he would call
me back.
Would either one of you please let me know what BMC wants EBS to do for
them: how much do they want you to guarantee them in BMC revenue? Are you
still looking at a $13MM TCV over 5 years? Have I properly conveyed the
"accepable-to-BMC method" of proving purchase commitment from Enron? Your
note re: getting the Prof'nl Svcs contract signed says it has to be done by
6pm the 14th...what if you don't get it until the morning of the 15th?
I will call you to follow up on this note.
Thank you,
Jeff Youngflesh
| ||
arnold-j/all_documents/1020.
|
subject: Re:
content: you must bet sugar and orange bowls
John J Lavorato@ENRON
01/02/2001 07:25 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
current including tb -500 equals 4170
| ||
arnold-j/all_documents/1021.
|
subject: Re:
content: i was thinking about 25. i'll sell everything on access down 15
Mike Maggi@ENRON
01/01/2001 05:28 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
15-25 lower
| ||
arnold-j/all_documents/1022.
|
subject:
content: if we were open today, where would you open it?
| ||
arnold-j/all_documents/1023.
|
subject: Re: Gas Team - Reorg
content: that info is correct.
From: Edie Leschber 12/29/2000 12:30 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Gas Team - Reorg
John,
My name is Edie Leschber and I will be your Business Analysis and Reporting
Contact effective immediately. I am currently in the process of
verifying team members under your section of the Gas Team. Attached is a
file with the current list. Please confirm that your list is complete and/or
send me changes to it at your earliest convenience. New cost centers have
been set up due to the reorganization and we would like to begin using these
as soon as possible. I look forward to meeting you and working with you very
soon. Thank you for your assistance.
Edie Leschber
X30669
| ||
arnold-j/all_documents/1024.
|
subject: Re:
content: i would have paid you in full Tueday morning and resigned my bookie
services...
John J Lavorato@ENRON
12/31/2000 10:43 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
Almost pulled off the 4 tease yesterday.
I was robbed
Denver +3 350
Phili +3 350
| ||
arnold-j/all_documents/1025.
|
subject:
content: Torrey:
Can you also approve Mike Maggi to trade crude as well. Thanks for your help.
John
| ||
arnold-j/all_documents/1026.
|
subject:
content: torrey:
please set me up to trade crude.
John
| ||
arnold-j/all_documents/1027.
|
subject: Re: NG YEAR ENd Quiz
content: fill me in. how can i eavesdrop??
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: NG YEAR ENd Quiz
I belong to a natgas discussion group on the internet. This is from one of
the guys. Basically they are a bunch of gastraders from various firms ( a lot
of producers, some industrials, some small shops and few i--banker types) I
found the test to be mildly amusing. And since I had no idea what 'club no
minors' was-- i was hoping for some insight from you guys. Fortunately, the
lovely Ms. Shipos was able to fill me in.
Anyway, while occasionally garbage, the discussions do provide insight on
what others are thinking of production, storage and other such matters. And
when I was a marketer, I found a few leads. Finally, since a lot of the
information revolves around gossip about a particular 'super trader' at the
big ENE , i find it amusing that one of the most reserved and modest
individuals I know is so talked about on the internet.
JF
| ||
arnold-j/all_documents/1028.
|
subject: Re: fund views
content: very useful...thx. keep me posted
Caroline Abramo@ENRON
12/22/2000 11:41 AM
To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Jennifer
Fraser/HOU/ECT@ECT
cc: Per Sekse/NY/ECT@ECT
Subject: fund views
Hi- all the funds are trying to figure out what the play is for next year-
major divergence of opinions. Most everyone we talk to takes a macro view.
+ Dwight Anderson from Tudor thinks anything above $6 is a sale from the
perspective of shut in industrial demand- he believes that between $6-7 no
industrial (basic industry type) can operate. He tracks all the plant
closures similar to what Elena does in Mike Robert's group but it seems on a
more comprehensive level (Jen- it would be good for fundamentals to track
this number- do some scenario analysis on it under various economic
conditions- like recession!!). I will try to find out what his total number
for turned back gas is- just ammonia is a little more than 1/2 Bcf which does
not seem all that meaningful but the total may bring us back into balance for
the summer.
While he's a seller above $6, he'd also be a buyer of summer at lower levels
He firmly believes in increased production in 02 (still has 1.1 day short)
based on his relationship with the producing community although I personally
think that 1Q02 sees little. I know that the fundamentals group is tracking
these numbers from the producing community and has seen no increase in 3q
over 2q and is doubtful for any in 4q over 3q.
He really believes theories on products being out of whack- heat/gas,
crude/propane....
+ Jim Pulaski is a bull period- he really likes april and may on the 0
storage scenario- I agree that we try to build storage in April but with the
backwardation out there what is the incentive??? as well, with lower
baseloads for the summer- deliverability should not be an issue. I am torn
on this one.
+ Catequil- new fund- Paul Touradji - used to be with Tiger- they do the same
analysis as Dwight- just starting up and one of their mandates is to be long
nat gas!! through vol or outright.
+ Harvard- not really sure of the view yet- they have not been active in gas
just crude/products- they like buying cheap vol- because they do not have MTM
issues- they like to look out in the calendar years.
+ The other people we are starting relationships with in the new year are:
Moore Capital, Global Advisors, Caxton, Paloma Partners, Kingdon, Renaissance
(program trader) - just so you know the names- as I get to know them better,
I'll try to fwd on thoughts regularly.
Have a great holiday! I'll be here next week.
Caroline
| ||
arnold-j/all_documents/1029.
|
subject: Re: End of the YEar
content: thx and have fun on vaca
To: John Arnold/HOU/ECT@ECT
cc:
Subject: End of the YEar
Hey:
Sorry I didn't get to come by before I left. I have been in London since
12/15.I hope the expiry goes smoothly for you. Also I hope your holliday
season is going well ( however abridged it is by the NYMEX and Enron)
Many of the guys over here asked about nat gas and EOL in the US. I
suggested they visit with you when they are over in the US. In particular,
Chris Mahoney (gasoil trader) will be in Houston the 27 t0 30. I told him he
should come and watch you deal with the AGA number and NX1 at the same time.
Chris is a really good guy. His team loves him and will definitely play a
large role in turning the crude and products group around.
Anyway you were a great pal over the last 12 months and gave me a lot of
good advice. I do miss listening to the banter on the gas floor (and the
gambling!), but there are a lot of good people in crude and products
(especially in London) and I think we will be able to deliver on the goods. I
think you are wonderful and I'm very happy we had the chance to work together.
Happy New Year!
Jen
PS I am coming back on the 6th. Once I finish up the week, I am off to Berlin
for New Year's Eve and then a little trip over to Prague.
PPS If there is any other info you need let me know. By Jan 15, I should have
about 15 analysts and be able to devote some to special projects.
PPS A London HOuston Comparison
London HOUSTON
Employee Referral BMW Z3 Maybe 2K, usually a slap on the back
Parking Avail 10 spots 100's
Parking Fee Monthly auction, with 10 top ten bids Set annual, space yours
for your ENE life
winning, lowest of the ten setting
monthly price
Building Across from Buckingham Palace Demilitarized zone
Holiday 5 weeks ????
Trading Day 8 am - 8:30 pm 6-6:30
Closest Bar British Pub, one Block Ninfa's Allen Ctr
John Arnold
26/12/2000 19:03
To: Jennifer Fraser/HOU/ECT@ECT
cc:
Subject: Re: NG Expiry
sorry didnt respond to your message. don't know how to do that instant
messenger thing anymore. volume very, very light. most of stated volume in
spreads and TAS. No one seems to want to be in the office this week.
Everyone wants to get this year over with.
Keep pumping in the fundamental info. very good stuff and i'm not getting
it anywhere else.
From: Jennifer Fraser 12/26/2000 12:16 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: NG Expiry
Hey
| ||
arnold-j/all_documents/103.
|
subject: Universal (JPI) sponsorship
content: ----- Forwarded by Colleen Koenig/NA/Enron on 12/13/2000 04:18 PM -----
Michael Horning@ENRON COMMUNICATIONS
12/13/2000 04:03 PM
To: Stewart Seeligson/Enron Communications@Enron Communications
cc: David Cox/Enron Communications@Enron Communications, Edward
Ondarza/Enron Communications@Enron Communications, Colleen
Koenig/NA/Enron@ENRON
Subject: Universal (JPI) sponsorship
Stewart,
Per our phone conversation, Universal is looking for sponsorship funds to
grow JPI (Jurassic Park Institute).
Enron Media has an opportunity (perhaps) to provide advertising risk
management services beyond their Motion Picture Group, to their Music, Home
Video and Recreation Groups.
There may be an opportunity for EBS to provide bandwidth in lieu of
sponsorship dollars or some other type of arrangement.
I am trying to reschedule my meeting with their motion picture advertising
team for the second week in January, so I'll stay in touch to see if you
develop an opportunity through their global sourcing group.
Regards,
Michael P. Horning
Director
Enron Media Services
Global Media Risk Management
Phone: 713-853-9181
Fax: 713-646-8436
Cell: 713-303-0742
----- Forwarded by Michael Horning/Enron Communications on 12/14/00 04:04 AM
-----
Colleen Koenig@ENRON
12/12/00 06:07 PM
To: Michael Horning/Enron Communications@Enron Communications
cc: Jennifer Medcalf/NA/Enron@Enron
Subject: Universal (JPI) sponsorship
Mike,
In reference to our conversation today, attached is further information on
the Universal sponsorship and Enron-Universal business opportunities.
Jurassic Park Institute- A dinosaur-based educational/entertainment resource
targeting children/families.
Sponsorship's Four Components:
JPI Virtual Institute - Global online program (March, 2001)
JPI In-school Program - Grade-specific curriculum (August, 2002)
JPI Museum Tour - Cross-country tour (TBD)
JPI Headquarters - To be located in Universal Hollywood and Japan (2002)
Sponsorship donations begin at $250K and this could be divided among multiple
business units.
Enron Opportunities with Universal:
EBS - Content for Blockbuster
EMS
Enron Weather
Enron Credit
Enron Plastics & Petrochemicals
Colleen Koenig
Analyst, Enron Corp
Global Strategic Sourcing, Business Development
713.345.5326
| ||
arnold-j/all_documents/1030.
|
subject: Re: NG YEAR ENd Quiz
content: what is this???
From: Jennifer Fraser 12/27/2000 12:19 PM
To: Bill Berkeland/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Jennifer
Shipos/HOU/ECT@ECT
cc:
Subject: NG YEAR ENd Quiz
---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 27/12/2000
18:21 ---------------------------
[email protected]@wwwww.aescon.com on 27/12/2000 12:04:03
Supplemental Bonus question: See no 12---- Is Jeff Shankman's picture there
Here is your year end NG quiz. Forgive pore spelling please!
1. On Jan 4, 2000, what was the settle price of the prompt month Nymex
contract?
2. What caused numerous OTC energy brokerages to consolidate or go out of
business in 2000?
3. Every 11 years, an astronomical event occurs that correlates with high
energy prics. This is one of those years. What is the event?
4. What trading company's motto is "unrelenting thinking?"
5. What is intellectual capital? Where was the idea of it conceived?
6. If a supertrader is wearing a blue shirt with white collar and cuffs,
what is the appropriate foot accesory: red socks, sandals or "spats"?
7. On March 31, 2000, what was the settle of the prompt month Nymex
contract?
8. What is the name of a prominent national weather service that doesn't
provide intra-day Canadian air temp graphics?
9. What is a "polar pig"? Who coined the phrase?
10. What do Nicholas Leeson and Value-at-Risk have in common?
11. What type of food is served at the restaurant in Houston which houses
the famous bar - "Club No Minors"?
12. What is the name of the small town in Texas where the Natural Gas
Traders Hall of Fame is allegedly located?
13. What is the name of the $1.59 grocery store tabloid that predicted our
current weather on Sept. 12, 2000?
14. What are the names of the three northern hemisphere weather models used
today?
15. In the year 2000, what astrological event had a 100% correlation with
counter-trend price moves?
16. On Feb 3, 2001, what astrological event will occur that some floor
traders say will affect price of NG?
17. In the year 2000, one Houston oil company paid $160 million to learn the
hard way that OPEC can do what?
18. What was the highest IFGMR index posted to date?
19. What city issued warrants for the arrest of several of its gas utility's
executives in 2000?
20. Who is the president of Enron Online?
21. During 2000's Shell Open golf tourney, within a 25 cent window what was
the average price of the prompt month Nymex contract?
22. What weather event struck Ft. Worth, Texas on March 28, 2000?
23. How many Nobel laureates advised the supertraders at failed Long Term
Capital Management?
24. What is a "deal cop"?
25. The AGA states upon its web page that portion of the gas business that
it represents. Which of the following is that group? Traders, marketers,
pipelines, utilities, home consumers, producers, industrials?
26. What type of meat product was used to verbally describe AGA's Chris
McGill's reaction to the notion that there would be a shortage of gas supply
this winter?
27. How many utilities have been rumored to be considering bankruptcy in
California due to high energy prices?
28. The original design for Alliance pipeline was conceived where and drawn
on what?
29. Which of the following is considered to be improper to put on a
Philadelphia Gas Works expense account: business mileage, business meals,
business lodging or artworks?
30. At a late night industry party during Gas Fair this year, two female
brokers were mistakenly hassled by Houston Police as possibly being of what
occupation?
| ||
arnold-j/all_documents/1031.
|
subject: Re: Vegas
content: wish you guys were going a week earlier. i'm going next weekend. too much
vegas is bad for the soul....and the wallet.
Jennifer Shipos
12/27/2000 04:28 PM
To: [email protected]
cc:
Subject: Vegas
Come to Vegas with us. (Jan 12-14) If you are going to spend a fortune on
your painting, you should at least see it one more time before you buy it.
What do you think?
| ||
arnold-j/all_documents/1032.
|
subject: Re: 12/26 and 12/27 Maturity Gap Risk Limit Violation
content: The positions went over limits due to the sale of HPL and subsequent unwind
of hedges associated with the transaction. Attempts are being made to
unwind those positions currently
Kenneth Thibodeaux@ENRON
12/28/2000 09:43 AM
To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Frank
Hayden/Corp/Enron@Enron
cc:
Subject: 12/26 and 12/27 Maturity Gap Risk Limit Violation
The PRELIMINARY DPR indicates a Maturity Gap Risk violation for Gas Trading
as follows:
12/26 Maturity/Gap Risk: 202 Bcf
12/27 Maturity/Gap Risk: 205 Bcf
Maturity Gap Risk Limit: 200 Bcf
Please provide an explanation for the memos. If you have any questions,
please call me at 5-4541.
Thank you,
Johnny Thibodeaux
| ||
arnold-j/all_documents/1033.
|
subject:
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/27/2000 02:55
PM ---------------------------
Jim Schwieger
12/27/2000 02:49 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
| ||
arnold-j/all_documents/1034.
|
subject: Re: ICE
content: Please approve Dutch for ICE
Enron North America Corp.
From: Dutch Quigley 12/22/2000 10:59 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: ICE
John,
Can you send an email to Stephanie Sever to approve my access to the ICE
system.
Dutch
---------------------- Forwarded by Dutch Quigley/HOU/ECT on 12/22/2000 10:58
AM ---------------------------
From: Stephanie Sever
12/22/2000 09:34 AM
To: Dutch Quigley/HOU/ECT@ECT
cc:
Subject: ICE
Dutch,
As John Arnold is not an approver on ICE, please have him send an email
giving his OK for your access.
Thanks,
Stephanie x33465
| ||
arnold-j/all_documents/1035.
|
subject:
content: Here is the name of an available options trader:
Jeremy Sorkin
VP, Deutsche Bank
713 757 9200
Would fit Enron culture, but have had little contact with him professionally.
Might be worth bringing him in. Tell me if you want me to call him.
| ||
arnold-j/all_documents/1036.
|
subject: Re: NG Expiry
content: sorry didnt respond to your message. don't know how to do that instant
messenger thing anymore. volume very, very light. most of stated volume in
spreads and TAS. No one seems to want to be in the office this week.
Everyone wants to get this year over with.
Keep pumping in the fundamental info. very good stuff and i'm not getting
it anywhere else.
From: Jennifer Fraser 12/26/2000 12:16 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: NG Expiry
Hey
| ||
arnold-j/all_documents/1037.
|
subject: Re:
content: asshole
John J Lavorato@ENRON
12/23/2000 10:51 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
john
I cant' seem to make my gambling problem go away.
bills +3 250
denver -7 250
jack +3 1/2 250
| ||
arnold-j/all_documents/1038.
|
subject: Re:
content: asshole
John J Lavorato@ENRON
12/24/2000 08:45 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
rams -3.5
wash -7
raiders -9 1/2
balt -5
bears lions over 37
eagles bengals under 35 1/2
pats +4
vikings +5.5
| ||
arnold-j/all_documents/1039.
|
subject: Re: Plants Shut Down and Sell the Energy
content: the market had to get to a price whereby these guys shut down. there is just
not enough gas to allow everybody who wants to to burn it. the elasticity of
demand is in the industrial sector. million dollar question is have we
gotten to a high enough price whereby we end the year with gas in the ground
and deliverability to meet a late cold snap. shutdown of processing,
distillate and resid switching, loss of industrial load...maybe we have.
good holidays,
john
[email protected] on 12/22/2000 07:11:26 AM
To: [email protected]
cc:
Subject: Plants Shut Down and Sell the Energy
Subject: Plants Shut Down and Sell the Energy
Plants Shut Down and Sell the Energy
By Peter Behr
Washington Post Staff Writer
Thursday, December 21, 2000; Page E01
Kaiser Aluminum Corp. had planned to spend December making aluminum at its
giant smelters in the Pacific Northwest, run by electricity from the
Bonneville Power Administration's Columbia River dams. Then it saw a better
deal. With California desperate for power and electricity prices hitting
unheard-of peaks, Kaiser shut down its two U.S. smelters last week. It is
selling the electricity it no longer needs -- for about 20 times what it
pays Bonneville under long-standing contracts.
It is a measure of this winter's fuel crunch: Some big industrial firms in
energy-intensive sectors such as paper, fertilizers, metals and even
oil-field operations can make more money by selling their electricity or
natural gas than manufacturing their products. The shifts by such large
industrial consumers of energy -- described as unprecedented by analysts --
will free up more fuel for households and businesses this winter. But they
also are sowing seeds of potential problems next year. Shortages of aluminum
and fertilizer, for example, are likely to give another upward jolt to
consumer prices and further weaken the economy, analysts said.
"The fertilizer picture is particularly worrying us because we don't know
what they're going to use to grow crops with," said David Wyss, chief
economist at Standard & Poor's. Some economists have recently increased
their warnings about the damaging impact of this winter's heating bills on
an already weakening economy. Goldman Sachs analysts last week estimated
that gas heating bills will double this winter to more than $1,000 for a
typical U.S. household.
That and higher electricity prices will cost consumers $20 billion in higher
energy costs compared with a year ago, they estimated, cutting the expected
growth in the nation's economic output by one percentage point on an annual
rate in the first three months of next year. "Overall, the recent energy
price developments have thus added to the risk of a sharp economic
slowdown," the Goldman Sachs report concluded. Terra Industries Inc., in
Sioux City, Iowa, has closed three of its six U.S. ammonia plants, which use
natural gas as a main ingredient for fertilizer production. Like Kaiser, the
company realized it would be much more profitable to stop production in
December and sell the natural gas back to the market at current prices,
which are much higher than the price Terra was obligated to pay under its
existing December supply contract, said Mark Rosenbury, chief administrative
officer.
"We looked at these [current] prices and said, 'This is crazy,' " he said.
Terra hasn't disclosed the profit it will make selling its gas, but
Rosenbury said it would be "substantial." In coming months, Terra's good
fortune could be reversed. It usually buys gas a month at a time, and the
prices for January delivery most likely will be well above its break-even
point. That would keep Terra's plants closed, Rosenbury said, but eliminate
the opportunity to sell the natural gas at a profit. "If this persists,"
Rosenbury said, "it's going to be a real problem."
He estimates that out of a total annual U.S. production capacity of 18
million tons of ammonia, about 4 million tons of production isn't operating
now. "Could we be short of fertilizer next spring? It's possible that
farmers will not have as much as they want," Rosenbury said. Royster-Clark
Inc., a Norfolk and New York City-based fertilizer manufacturer and
distributor, has shut down its one plant in East Dubuque, Ill.,
indefinitely, and 72 production workers will be laid off, beginning next
month. The story is the same -- natural gas prices are too high to justify
continued production. "We believe it's likely this is a speculative bubble
[in natural gas prices] that will burst and in a few weeks we'll be able to
buy gas at a more reasonable price, but that remains to be seen," said Paul
M. Murphy, the company's managing director for financial planning. A
continuation of high natural gas prices would likely shrink production and
raise fertilizer prices to a point that could affect farmers' decisions to
plant feed corn, he said. "It's sticker shock."
According to Wyss, if this winter remains unusually cold and natural gas
remains above $7 per million cubic feet -- double the level a year ago --
farm products could rise significantly a year from now and into 2002. In the
aluminum industry, several smaller producers have joined Kaiser, the
industry's No. 2 manufacturer, in closing down, noted Lloyd O'Carroll, an
analyst with BB&T Capital Markets in Richmond.
Aluminum production in November was 8.3 percent below that of November 1999,
and December's production will be lower still, he said. "We'll get more
production cut announcements, I think," he said. A slowing in the U.S. and
world economies next year could ease the impact of reduced aluminum
supplies. "But if the world economy doesn't fall completely apart, then
[aluminum] prices are going to rise, and they could rise significantly more
than the current forecast," he said. In Kaiser's case, it's an open question
how much of its electric windfall it will keep. Kaiser is contractually
entitled to buy electricity from Bonneville at $22.50 a megawatt per hour,
says spokesman Scott Lamb. That is the power it has sold back to Bonneville
for $550 a megawatt hour for December.
But the Bonneville Authority is pressuring Kaiser to use these and future
profits from power resales to compensate employees at the shut-down plants,
to invest in new electric generating capacity, or even to refund to
Bonneville's other customers, said Bonneville spokesman Ed Mosey. Kaiser and
Bonneville have negotiated a new power purchase deal to take effect after
next October, but the power authority says it intends to reduce deliveries
to Kaiser if the company tries to pocket the electricity sale profits. "Out
here, a deal is a deal, but it has to be a moral deal. There has to be an
ethical dimension to this and we're not shy in trying to make sure they live
up their advantage in having access to this publicly-owned power," Mosey
said.
, 2000 The Washington Post Company
| ||
arnold-j/all_documents/104.
|
subject: Re:FEDEX update: Lawsuit
content: ---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 12/13/2000
04:52 PM ---------------------------
From: John Will on 12/13/2000 04:47 PM
To: Sarah-Joy Hunter/NA/Enron@Enron
cc:
Subject: Re: Lawsuit
Sarah-Joy,
Mike Golden and John Pattillo should be conversing this afternoon. After
this call Chris Gant, Mike Golden, Carmen, Gary Stoop (Strategic Sourcing
Managing Director) and Richard Roberts are to attempt to get together and
discuss. Carmen is working on getting names, titles, and phone numbers and
advising. I'll advise next steps, after we hear how the conversation went
with John and Mike.
Thanks for your patience.
jw
----- Forwarded by John Will/NA/Enron on 12/13/2000 02:58 PM -----
Carmen Perez <[email protected]>
12/13/2000 10:32 AM
To: [email protected]
cc:
Subject: Re: Lawsuit
Graham Smith, VP Properties and Facilites 901-434-8960
Trying to located the rest for you but they are not coming up. Give me until
this afternoon.
Edith Kelly Green is not coming up at all and Mike Golden shows to be no
longer
with the company. I am checking, though.
[email protected] wrote:
> Carmen,
> The more I hear about the semantics that the legal council on both sides
> are pursuing the more I am convinced that it is in the best interest of
> both Fed-Ex and Enron to pursue this on a higher plane - on a commercial
> level, and immediately.
>
> Will you be available for a telephone call on Wednesday about 2:15 PM? The
> subject of the call is this: In order for us to pull off this deal, we'll
> need decision makers at the policy level to engage- throwing this back to
> legal is a downward spiral. I'm not saying we don't need legal involved,
> but the direction must come from those that see the commercial picture.
>
> Please provide the telephone numbers for the following people:
> Edith Kelly Green
> Graham Smith
> Mike Golden
>
> Sincerely,
> jw
| ||
arnold-j/all_documents/1040.
|
subject: Plants Shut Down and Sell the Energy
content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/22/2000 07:25
AM ---------------------------
[email protected] on 12/22/2000 07:11:26 AM
To: [email protected]
cc:
Subject: Plants Shut Down and Sell the Energy
Subject: Plants Shut Down and Sell the Energy
Plants Shut Down and Sell the Energy
By Peter Behr
Washington Post Staff Writer
Thursday, December 21, 2000; Page E01
Kaiser Aluminum Corp. had planned to spend December making aluminum at its
giant smelters in the Pacific Northwest, run by electricity from the
Bonneville Power Administration's Columbia River dams. Then it saw a better
deal. With California desperate for power and electricity prices hitting
unheard-of peaks, Kaiser shut down its two U.S. smelters last week. It is
selling the electricity it no longer needs -- for about 20 times what it
pays Bonneville under long-standing contracts.
It is a measure of this winter's fuel crunch: Some big industrial firms in
energy-intensive sectors such as paper, fertilizers, metals and even
oil-field operations can make more money by selling their electricity or
natural gas than manufacturing their products. The shifts by such large
industrial consumers of energy -- described as unprecedented by analysts --
will free up more fuel for households and businesses this winter. But they
also are sowing seeds of potential problems next year. Shortages of aluminum
and fertilizer, for example, are likely to give another upward jolt to
consumer prices and further weaken the economy, analysts said.
"The fertilizer picture is particularly worrying us because we don't know
what they're going to use to grow crops with," said David Wyss, chief
economist at Standard & Poor's. Some economists have recently increased
their warnings about the damaging impact of this winter's heating bills on
an already weakening economy. Goldman Sachs analysts last week estimated
that gas heating bills will double this winter to more than $1,000 for a
typical U.S. household.
That and higher electricity prices will cost consumers $20 billion in higher
energy costs compared with a year ago, they estimated, cutting the expected
growth in the nation's economic output by one percentage point on an annual
rate in the first three months of next year. "Overall, the recent energy
price developments have thus added to the risk of a sharp economic
slowdown," the Goldman Sachs report concluded. Terra Industries Inc., in
Sioux City, Iowa, has closed three of its six U.S. ammonia plants, which use
natural gas as a main ingredient for fertilizer production. Like Kaiser, the
company realized it would be much more profitable to stop production in
December and sell the natural gas back to the market at current prices,
which are much higher than the price Terra was obligated to pay under its
existing December supply contract, said Mark Rosenbury, chief administrative
officer.
"We looked at these [current] prices and said, 'This is crazy,' " he said.
Terra hasn't disclosed the profit it will make selling its gas, but
Rosenbury said it would be "substantial." In coming months, Terra's good
fortune could be reversed. It usually buys gas a month at a time, and the
prices for January delivery most likely will be well above its break-even
point. That would keep Terra's plants closed, Rosenbury said, but eliminate
the opportunity to sell the natural gas at a profit. "If this persists,"
Rosenbury said, "it's going to be a real problem."
He estimates that out of a total annual U.S. production capacity of 18
million tons of ammonia, about 4 million tons of production isn't operating
now. "Could we be short of fertilizer next spring? It's possible that
farmers will not have as much as they want," Rosenbury said. Royster-Clark
Inc., a Norfolk and New York City-based fertilizer manufacturer and
distributor, has shut down its one plant in East Dubuque, Ill.,
indefinitely, and 72 production workers will be laid off, beginning next
month. The story is the same -- natural gas prices are too high to justify
continued production. "We believe it's likely this is a speculative bubble
[in natural gas prices] that will burst and in a few weeks we'll be able to
buy gas at a more reasonable price, but that remains to be seen," said Paul
M. Murphy, the company's managing director for financial planning. A
continuation of high natural gas prices would likely shrink production and
raise fertilizer prices to a point that could affect farmers' decisions to
plant feed corn, he said. "It's sticker shock."
According to Wyss, if this winter remains unusually cold and natural gas
remains above $7 per million cubic feet -- double the level a year ago --
farm products could rise significantly a year from now and into 2002. In the
aluminum industry, several smaller producers have joined Kaiser, the
industry's No. 2 manufacturer, in closing down, noted Lloyd O'Carroll, an
analyst with BB&T Capital Markets in Richmond.
Aluminum production in November was 8.3 percent below that of November 1999,
and December's production will be lower still, he said. "We'll get more
production cut announcements, I think," he said. A slowing in the U.S. and
world economies next year could ease the impact of reduced aluminum
supplies. "But if the world economy doesn't fall completely apart, then
[aluminum] prices are going to rise, and they could rise significantly more
than the current forecast," he said. In Kaiser's case, it's an open question
how much of its electric windfall it will keep. Kaiser is contractually
entitled to buy electricity from Bonneville at $22.50 a megawatt per hour,
says spokesman Scott Lamb. That is the power it has sold back to Bonneville
for $550 a megawatt hour for December.
But the Bonneville Authority is pressuring Kaiser to use these and future
profits from power resales to compensate employees at the shut-down plants,
to invest in new electric generating capacity, or even to refund to
Bonneville's other customers, said Bonneville spokesman Ed Mosey. Kaiser and
Bonneville have negotiated a new power purchase deal to take effect after
next October, but the power authority says it intends to reduce deliveries
to Kaiser if the company tries to pocket the electricity sale profits. "Out
here, a deal is a deal, but it has to be a moral deal. There has to be an
ethical dimension to this and we're not shy in trying to make sure they live
up their advantage in having access to this publicly-owned power," Mosey
said.
, 2000 The Washington Post Company
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arnold-j/all_documents/1041.
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subject: Re:
content: i know
Jennifer Shipos
12/21/2000 12:45 PM
To: [email protected]
cc:
Subject:
Thanks. You're the best!
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