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arnold-j/deleted_items/230.
|
subject: Yahoo! Personals -- 1st month free
content: [IMAGE]
Yahoo! Delivers
Bringing you updates on special offers, promotions and Yahoo! features unsubscribe
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You received this email because your account information indicates that you wish to be contacted about special offers, promotions and Yahoo! features. If you do not want to receive further mailings from Yahoo! Delivers, unsubscribe by clicking here or by replying to this email. You may also modify your delivery options at any time. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy . Yahoo! is not responsible for the advertisers' content and makes no warranties or guarantees about the products or services advertised.
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arnold-j/deleted_items/231.
|
subject: The Daily Quote
content: [IMAGE]=09Quote.com =09 Log In | Sign Up | Account Mgt. | Insight Center=
=09[IMAGE]=09 Get Quote/LiveCharts: [IMAGE] [IMAGE] FindSymbol =09[IMAG=
E]=09
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=09=09=09=09[IMAGE]=09=09=09=09
=09=09 =09=09 [IMAGE] Markets Index Last Change % Chg Dow9,240.44[I=
MAGE]170.01-1.80% NASDAQ1,668.12[IMAGE]33.35-1.96% S?5001,079.02[IMAGE]18.4=
1-1.67% 30 Yr54.09[IMAGE]0.110.20% Russell424.70[IMAGE]6.34-1.47%- - - - - =
MORE [IMAGE][IMAGE] Enter multiple symbols separated by a space [IMAGE] =
[IMAGE]=09 =09 [IMAGE] Economic Calendar Date Release 10/12 Core=
PPI 10/12 Retail Sales 10/12 Retail Sales ex-auto 10/12 Mich Sentiment-Pre=
l. 10/15 Business Inventories - - - - - MORE [IMAGE] [IMAGE] [IMAGE] [IM=
AGE]Qcharts =09[IMAGE]=09
=09=09 =09 Quote of the Day =09=09=09 Eighty percent of success is sho=
wing up.: Woody Allen =09[IMAGE]=09
[IMAGE]=09 [IMAGE] US Stocks Pct Gainers As of 10/12/2001 12:03 =
ET Symbol Last Change % Chg [IMAGE] CPHD6.08[IMAGE]0.6111.15%[IMAGE] THE=
RN/AN/A0.00%[IMAGE] ORCH3.82[IMAGE]0.7223.22%[IMAGE] PWAV13.58[IMAGE]3.0829=
.33%[IMAGE] WSTL1.52[IMAGE]0.2923.57%[IMAGE] AATK2.60[IMAGE]0.0481.88%[IMAG=
E]NYSE & AMEX quotes delayed at least 20 min. At least 15 min. otherwise.- =
- - - -Personalize The Daily Quote: [IMAGE][IMAGE]Question of the Day! Q. A=
ndrea Wang asks, "Why do companies do revere splits? And what's a reverse s=
plit of 10 to 1 instead of 2 to 1?"Reverse splits (and splits, for that mat=
ter) have to do with the number of outstanding........ MORE [IMAGE] Do you=
have a financial question? Ask our editor - - - - - VIEW Archive [IMAGE=
] [IMAGE] [IMAGE]=09 =09=09=09=09[IMAGE] [IMAGE] Market Outlook =
The Bears are Back In Town By:Adam Martin Stocks remain in the red as th=
e trading day continues, though the NASDAQ has briefly visited positive ter=
ritory and remains near the flatline. The consumer confidence index announ=
ced at 10am Eastern showed a bit more strength than expected in the wake of=
the September 11th tragedy, a show of strength which could help offset oth=
er news weighing the market down this morning. The producer's price index =
showed wholesale prices rising higher than expected, increasing fears of in=
flation at the wholesale level, and retail sales are down for the month of =
September. There was something of a continuation of yesterday's good news =
from corporate America as Juniper Networks reported earnings that beat the =
street, but analysts feel that the combination of weak economic data and so=
me profit taking ahead of the weekend will likely mean some losses today. =
- - - - - MORE Breaking News [IMAGE] [IMAGE] [IMAGE]=09[IMAGE]=09
=09 [IMAGE] Today's Feature - Friday The Wisdom of Don Carnage C=
arnage on the real price of petty theft, roller coasters, and self help aut=
hors, help thyselves! [IMAGE] [IMAGE]=09 =09 [IMAGE] Stocks to Wat=
ch DaimlerChrysler Unit To Cut 2,700 Jobs DaimlerChrysler AG said Frida=
y it would cut 2,700 jobs at its troubled Freightliner truck subsidiary and=
close three plants in a plan meant to return the division to profitability=
by 2003. Boeing to cut 1,500 services jobs Boeing Co. (NYSE:BA) said o=
n Friday it would cut 1,500 in its shared services unit by December 14, in =
addition to cuts of 10,500 workers in its world-leading commercial jet unit=
. SunGard to buy Comdisco services unit for $825 mln Computer leasing comp=
any Comdisco Inc. (NYSE:CDO) said on Friday it would sell its technology se=
rvices business to SunGard Data Systems Inc. (NYSE:SDS) for $825 million a=
fter the financial services software company topped an earlier offer by Hew=
lett-Packard Co.(NYSE:HWP). Juniper 3rd quarter results beat Street Netwo=
rking equipment maker Juniper Networks Inc. (NASDAQ:JNPR) on Thursday repor=
ted third-quarter results that beat Wall Street expectations and said it ha=
d focused on finances in a tough environment. DoubleClick expects to cut 1=
00 jobs in 4th quarter No. 1 online advertising firm DoubleClick Inc.'s (-=
- - - - MORE Breaking News [IMAGE] [IMAGE] [IMAGE]=09[IMAGE]=09
=09=09=09 [IMAGE] Your Watch List News CPHD News MaverickTrader.C=
om Announces Investment Opinion: Rally Ahead? BusinessWire: 10/10/2001 20:=
28 ET UPDATE 1-Nanogen, AVANT stock rises on attack fears Reuters: 10/10/2=
001 17:35 ET Audio:Biological warfare investment plays ON24: 10/10/2001 16=
:04 ET - - - - - MORE [IMAGE] THER News Therasense debuts; 2nd IPO after =
long drought Reuters: 10/12/2001 11:37 ET TheraSense, Inc. Announces Initi=
al Public Offering PR Newswire: 10/12/2001 09:02 ET DIARY - Today in U.S. =
Equities - Oct. 12 Reuters: 10/12/2001 07:17 ET - - - - - MORE [IMAGE] OR=
CH News Audio:Spotlight: Orchid BioSciences ON24: 10/12/2001 11:35 ET Orc=
hid and Ellipsis Announce SNP and Pharmacogenomics Collaboration PR Newswi=
re: 10/10/2001 07:03 ET Orchid and Hitachi Software's MiraiBio Announce Glo=
bal Marketing Agreement for SNPstream(R) MT PR Newswire: 10/08/2001 07:03 =
ET - - - - - MORE [IMAGE] PWAV News Audio:Analysts: Powerwave showed good=
expense control in Q3 ON24: 10/12/2001 09:18 ET Audio:Analyst: Powerwave =
showed good expense contril in Q3 ON24: 10/11/2001 20:49 ET Audio:Powerwav=
e sees shares rise despite missing EPS estimates ON24: 10/11/2001 19:04 ET=
- - - - - MORE [IMAGE] WSTL News Westell Technologies Announces Distribu=
tion Agreement with Telmar Network Technology BusinessWire: 10/10/2001 13:=
02 ET Westell Technologies Appoints Roger L. Plummer To Board Of Directors =
BusinessWire: 10/08/2001 16:03 ET WESTELL TECHNOLOGIES INC FILES FORM DEF =
14A (*US:WSTL) EDGAR Online: 10/04/2001 16:36 ET - - - - - MORE [IMAGE] A=
ATK News UPDATE 1-Nanogen, AVANT stock rises on attack fears Reuters: 10/=
10/2001 17:35 ET Detection, vaccine firms benefit from attack fears Reuter=
s: 10/10/2001 12:50 ET UPDATE 1- Cepheid shares soar as anthrax attack fear=
s set in Reuters: 10/09/2001 16:42 ET - - - - - MORE [IMAGE] [IMAGE]=
=09 =09
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arnold-j/deleted_items/232.
|
subject: News from Cardmember Central
content: =09[IMAGE]=09 October 2001=09
=09 Cardmember Central Newsletter=09
[IMAGE]=09This monthly newsletter will help you get the most from yo=
ur online experience with us, and keep you informed of the latest fe=
atures of Citi
online products and services. To find out more, visit Cardmember =
Central . =09=09[IMAGE]=09 In this issue: ? Stop =
Receiving Paper Statements in the Mail and Get a $5 Statement Credit* =
? Sort Your Transactions ?View Your Unbilled Transactions an=
d Statement Activity ! Your Way ? #2 ranking by Go=
mez for Top Internet Credit Card Sites =09
=09=09
=09=09
=09=09
=09=09
[IMAGE] [IMAGE] [IMAGE] [IMAGE] =09 Stop Receiving Paper Statement=
s in the Mail and Get a $5 Statement Credit With the free All-Electronic o=
ption, you can stop getting a paper statement in the mail each month an=
d be notified by email when your latest statement is available for online v=
iewing. After enrolling, you're on your way to earning a $5 statement c=
redit. This offer expires November 30, 2001.* Once you've received your em=
ail statement notice, sign?on to Cardmember Central from any comput=
er, anywhere, and securely view your stat! ement in its entirety. Yo=
u can then choose to download it, file it, or print a copy. Even if =
your computer crashes, your information is safely stored in our netw=
ork and will not be affected. What makes this option so appealing is the =
ability to click on an individual transaction to view the details be=
hind it. In the paper world, you?d have to pick up the phone and cal=
l us to get the same information. Opting for All?Electronic also mea=
ns that you have the power of paying online with Click?to?Pay
. Not only does your paper statement stop, but the traditional paper=
check, envelope and stamp disappear too. It takes just a few minut=
es to enroll. Sign-on to Cardmember Central. From the Manage My Acc=
ount Menu, go to Stop! Paper Statements. This no-cost service will b=
ecome effective at the beginning of the next billing cycle. All-Elec=
tronic is the perfect way to manage your Citi credit card accounts o=
n the Internet. Return to the Top Sort Your Transactions?V=
iew Your Unbilled Transactions and Statement Activity Your Way. The advant=
ages of viewing your statement through Account Online keep adding up=
. Now you can sort your unbilled and statemented transactions in any=
order that meets your needs. Simply click on what you want to sort =
by and it does it automatically. Sort and view all account activity =
in ascending or descending order by: ! Transaction date P=
osting date Merchant name or description Amount To se=
e how it works, sign-on and view an online statement or your unbill=
ed activity. Return to the Top # 2 Ranking by Gomez for T=
op Internet Credit Card Sites. Based on our newly designed Interne=
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for Ease of Use and #1 in Relationship Services! It?s through your feedbac=
k that we?re able to provide the best online experience available. A=
big "Thank You" for your comments about Cardmember Central! Feel fr=
ee to contact us with your views concerning this newsletter, through=
the Help/Contact Us menu at Cardmember Central . Return to the Top =
=09
=09 *If! you have already registered for the All-Electronic option, y=
ou are not eligible for the $5 statement credit. You must enroll b=
y November 30, 2001 in order to qualify. In addition, you must be =
enrolled in All-Electronic for four consecutive months to be eligi=
ble. No statement credits will be awarded to accounts enrolled in =
All-Electronic for less than four consecutive months. Your statem=
ent credit will be posted on your March 2002 statement. Your account mus=
t remain open and in good standing per your Citibank Cardmember Agreement a=
t the time of fulfillment to qualify. If you have difficulty linking to=
any of the above URLs, simply cut and paste this URL into your browser: =
http://info.citibankcards.com/cgi-bin/gx.cgi/mcp?p=3D036$v036_i4RFMP=
012000m9Puc9P$t Notice: If you do not wish to receive future email updates=
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| ||
arnold-j/deleted_items/233.
|
subject: Marisa Dinardo
content: I called the church that Marisa Dinardo's service is to be held at tommorrow and they are not accepting flowers. Instead the family is asking that a donation be sent to the following:
Marisa's Children's Fund
PO Box 77
Rowayton, CT 06853
| ||
arnold-j/deleted_items/234.
|
subject: Re: Yahoo - GE Lighting Launches National Energy Program ...
content: I will see you there
++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be
confidential and/or privileged ++++++CONFIDENTIALITY NOTICE+++++ The
information in this email may be confidential and/or privileged. This email
is intended to be reviewed by only the individual or organization named
above. If you are not the intended recipient or an authorized representative
of the intended recipient, you are hereby notified that any review,
dissemination or copying of this email and its attachments, if any, or the
information contained herein is prohibited. If you have received this email
in error, please immediately notify the sender by return email and delete
this email from your system. Thank You
----- Original Message -----
From: <[email protected]>
To: <[email protected]>
Sent: Friday, October 12, 2001 2:53 PM
Subject: RE: Yahoo - GE Lighting Launches National Energy Program ...
Commits to Major Produ
>
> [Arnold, John] We're working out today at 4:30
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at [email protected] and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
> **********************************************************************
>
| ||
arnold-j/deleted_items/235.
|
subject: hey
content: How's it going? I think that I may have left something very valuable at your house. My necklace. Actually, it's not really that valuable but I do want it back unless of course you are wearing it. It's not urgent so just let me know when you have time to get it to me.
Kim
| ||
arnold-j/deleted_items/236.
|
subject: TRV Notification: (NG - Price P/L - 10/12/2001)
content: The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y¤t_efct_date=10/12/2001>, published as of 10/12/2001 is now available for viewing on the website.
| ||
arnold-j/deleted_items/238.
|
subject: California Cabs for the holidays at winebid.com
content: Welcome to winebid.com's newest auction, which includes a special
auction of outstanding California Cabernet Sauvignons. Both auctions
begin closing Sunday Oct. 21 at 9 p.m. US Eastern Time.
Cabernet Sauvignon is king in California, and for this special event we have
assembled an extraordinary and deep collection of classic and cult Cabs.
Look for terrific values in this auction. With the holidays right around the
corner now is a great time to restock your cellar with everyone's favorite
elite cabs, including these: Abreu 1994, $250; Beringer Private Reserve
1997, a 6-bottle case, $425; Bryant Family 1997, (100 points from Robert M.
Parker Jr.), $530; Harlan Estate 1997, (another 100 pointer from Parker),
$460; Dalla Valle 1994, $85; Dominus Napanook 1992, $70; Dunn Howell
Mountain 1997, $75; Quintessa 1995, $50; Silver Oak Alexander 1997, $60; and
Spottswoode 1992, $45.
Find them here: http://www.winebid.com/home/spotlight1.shtml
If you'd rather serve Bordeaux for the holidays, we have full cases of 1998
Bordeaux, all of which were recently released and imported directly from
Bordeaux. All earned at least 90 points from Robert M. Parker Jr. and Wine
Spectator. We offer full cases of Ausone, Ducru-Beaucaillou, and
Leoville-Las-Cases.
Find them here: http://www.winebid.com/home/spotlight6.shtml
Other treats include seductive Italians that win rave reviews from the
critics. Here we offer Guado Al Tasso (P. Antinori) 1997. Wine Spectator
rated it at 96 points and placed it No. 12 of the 100 top wines of 2000. How
about Ornellaia (L. Antinori) 1997, Spectator?s No. 9 wine for 2000? And
listen to Wine Spectator rave about Tignanello (P. Antinori) 1997: "A
fabulous Tuscan red, young and racy."
Find them here: http://www.winebid.com/home/spotlight4.shtml .
If you click on a link in this email and it doesn't open properly in your
browser, try copying and pasting the link directly into your browser's
address or location field.
Forget your password?:
http://www.winebid.com/os/send_password.shtml
To be removed from the mailing list, click here:
http://www.winebid.com/os/mailing_list.shtml
Be sure to visit the updates page for policy changes:
http://www.winebid.com/about_winebid/update.shtml
| ||
arnold-j/deleted_items/239.
|
subject: TRV Notification: (NG - PROPT P/L - 10/12/2001)
content: The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y¤t_efct_date=10/12/2001>, published as of 10/12/2001 is now available for viewing on the website.
| ||
arnold-j/deleted_items/24.
|
subject: ALL daily charts and matrices as hot links 10/5
content: 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. ? 2001 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/crude34.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas34.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil34.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded34.pdf
Nov WTI/Brent Spread http://www.carrfut.com/research/Energy1/clxqox.pdf
Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Nov/Jan Nat Gas http://www.carrfut.com/research/Energy1/ngxngf.pdf
Jan/Feb Heat http://www.carrfut.com/research/Energy1/hofhog.pdf
Gas/Heat Spread http://www.carrfut.com/research/Energy1/huxhox.pdf
Nov/Mar Unlead http://www.carrfut.com/research/Energy1/huxhuh.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG34.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG34.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL34.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/240.
|
subject: Supplemental Weekend Outage Report for 10-12-01 through 10-14-01
content: ------------------------------------------------------------------------------------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
October 12, 2001 5:00pm through October 15, 2001 12:00am
------------------------------------------------------------------------------------------------------
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
EES:
Impact: EES
Time: Sat 10/13/2001 at 2:00:00 PM thru Sat 10/13/2001 at 5:00:00 PM
Outage: Netfinity upgrade on EES Lotus Notes - Server name EESHOU-LN11 & EESHOU-LN12
Disruption: Intermittent Disruption of Service
Environments Impacted: EES
Purpose:
Backout: Uninstall monitoring tools.
Contact(s): Animesh Solanki 713-853-5147
Roderic H Gerlach
ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages
ENRON NORTH AMERICAN LANS: SEE ORIGINAL REPORT
FIELD SERVICES: No Scheduled Outages.
INTERNET: No Scheduled Outages.
MESSAGING: SEE ORIGINAL REPORT
MARKET DATA: No Scheduled Outages.
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS: SEE ORIGINAL REPORT
SITARA: SEE ORIGINAL REPORT
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY: SEE ORIGINAL REPORT
TERMINAL SERVER: No Scheduled Outages.
UNIFY: No Scheduled Outages.
-----------------------------------------------------------------------------------------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
Specific Help:
Information Risk Management (713) 853-5536
SAP/ISC (713) 345-4727
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call (713) 327-6032 [Pager]
|
Houston Outage Report@ENRON <??SHouston Outage Report@ENRON>
|
|
arnold-j/deleted_items/241.
|
subject: SPEC's EVENTS and GREAT 1997 CABERNET VALUE
content: Click Here for Last Mailing: http://204.128.208.250/docs/mailings/20011012.txt
GREAT 1997 CABERNET VALUE
RH PHILLIPS Toasted Head CABERNET SAUVIGNON/SYRAH, CALIFORNIA, 1997
12x750ml $13.99 per bottle (cash) $154.91 per case (Cash)
A blend of 55% Mendocino County Cabernet Sauvignon with 45% Dunnigan
Hills (Yolo County) Syrah this is a juicy, ripe, well-focused,
flavorful Cabernet-blend that exemplifies the excellent 1997 vintage.
Alive with flavor, it offeres black cherry, blackberry, and black
raspberry fruit along with notes cedar, black pepper, tobacco, and
leather. It has a great medium-weight feel and a supple texture.
It is alive, vibrant, and elegant in the mouth. Not complex but
super delicious. I almost don't want to give it the score it
deserves because I'm afraid no one will believe me; it tastes like
it cost much more and comes from a much fancier appellation.
Excellent. SPEC's Score: 92+ points. (Due to the fact that only
22 cases of this 1997 are available, this item will be sold at
SPEC's 2410 Smith Street Warehouse Store only.)
THE GREAT UNKNOWN: Wine From Off the Well-Worn Path
Whether you're a wine adventurer or you're just tired of drinking the
same old thing, this is the class for you. On THURSDAY, OCTOBER 18TH at
7:00pm, SPEC's and the Wine School at l'Alliance Francaise will offer a
class and tasting entitled THE GREAT UNKNOWN: Wine from Off the Well-Worn
Path. This class will look at and taste twelve very-good-to-great wines
from lesser-known wine growing areas in France, Spain, and Portugal. The
class will focus on how the wines are made, the grapes used to make them,
and the land they come from as well as how they match-up with food. Twelve
wines representing a range of styles including both red and white wines
will be tasted. THE GREAT UNKNOWN: Wine from Off the Well-Worn Path will
cost$46.00 "cash" per person ($48.42 regular) with a $10.00 discount
available for 1000 SPEC's Key points. For directions, reservations,
or more information on this class, please call SPEC's at
713-526-8787. This class will be held at l'Alliance Francaise.
L?Alliance Fran?aise, the French cultural organization in Houston,
is located at 427 Lovett Boulevard (on the southeast corner of Lovett
and Whitney, one block south of Westheimer).PLEASE SEE WINE SCHOOL
CANCELLATION POLICY AT BOTTOM.
THUNDER IN TUSCANY: Fontodi and Felsina Chianti Dinner at Simposio
Please join SIMPOSIO Chef Alberto Baffoni and SPEC's Italian wine
buyer Joseph Kemble for the premier dinner at Simposio featuring
the newly released 1999 Chiantis from both Fontodi and Felsina. Be
among the first in Texas to hear the thunder coming from Tuscany.
Chef Baffoni's Menu starts with Tuna carpaccio marinated in a lemon
dressing with calamata olives and red onion dressing served with
Pra Soave Classico Superiore 2000. Then comes Spinach and potato
gnocchi in a gorgonzola cheese sauce served with Felsina Chinati
Classico 1998 followed by Grilled wild boar sausage with baby
spinach salad in a balsamic tomato vinaigrette served with Fontodi
Chianti Classico 1998. The main course is a Duck leg confit with
sauteed swiss chard and sweet and sour shallot sauce served with
Fontodi Chianti Classico 1999. A Cheese platter with fruit and
walnut will be served with Felsina Chianti Classico 1999. Thunder
in Tuscany is $79.00 per person plus tax and gratituity and will
take place at Simposio Restaurant, 5591 Richmond Avenue at Chimney
Rock, at 7:00 PM on Tuesday, October 16, 2001. For more information
or reservations, please call Simposio at 713-532-0550 or e-mail
[email protected]
OUISIE?S TABLE MORGAN VINEYARDS OCTOBER WINE PAIRING DINNER
Ouisie?s Table at 3939 San Felipe Road is hosting their last wine
pairing dinner of the year on Wednesday, October 31, 2001 (Halloween).
The evening will begin at 6:45p.m with a cocktail reception. The
guests will enjoy a multi-course meal along with wines from the
Morgan Winery produced out of the Santa Lucia Highlands appellation
and Monterey County in California. Dan and Donna Lee founded Morgan
Winery in 1982, with a goal of creating the finest wines possible
by obtaining the highest quality fruit. The Lee's named the ranch
the Double L, short for Double Luck, for their identical twin
daughters, Annie and Jackie, who were 5 years old at the time.
The Double L is farmed organically, the only organic vineyard in
the Santa Lucia Highlands. The tariff for the dinner is $85.00 per
person plus tax and gratuity. For reservations please call Ouisie's
713-528-2264 Tuesday through Saturday. Any questions regarding the
menu or wines may be directed to a Ouisie's manager.
OTHER UPCOMING EVENTS (Details to be Announced)
10/25/01 (Thursday, 7pm) - 1999 Zinfandel: Round II
10/30/01 (Tuesday, 7pm) - Ch. Haut Brion Dinner at Four Seasons Hotel
11/07/01 (Wednesday, 7pm) - Oysters and Fevre Chablis Dinner
11/13/01 (Tuesday, 7pm) - Rhone Valley Wines Class and Tasting
11/14/01 (Wednesday, 7pm) - BV Georges de Latour Cabernet
Sauvignon Reserve 1998 Release Party
WINE SCHOOL CANCELLATION POLICY
If for any reason you need to cancel a reservation for a class,
dinner, or other event, please let us know at 713-526-8787 as soon
as possible. Reservations canceled before 4pm on the last business
day before the event (usually 27 hours) will not be charged.
Cancellations received after 4pm on the business day before the
event will be charged unless those seats can be resold. All
no-shows will be charged.
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arnold-j/deleted_items/242.
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subject: Enron Mentions
content: USA: INTERVIEW-Enron impatient at power deregulation pace.
Reuters English News Service, 10/12/01
UK: Enron's European electricity trading volumes soar.
Reuters English News Service, 10/12/01
Northwest Natural Picks Merrill, CSFB to Arrange $2.1 Bln Loan
Bloomberg, 10/12/01
UK: INTERVIEW-Metals screen trade set to evolve - Spectron.
Reuters English News Service, 10/12/01
USA: Citizen wins two Petroecuador oil contracts.
Reuters English News Service, 10/12/01
British Court Blocks Indian State's Enron Challenge, AP Says
Bloomberg, 10/12/01
USA: INTERVIEW-Enron impatient at power deregulation pace.
By Chris Baltimore
10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
WASHINGTON, Oct 12 (Reuters) - Nearly 10 years after Congress passed the Energy Policy Act in 1992 to promote competition in the nation's $220 billion wholesale power market, Enron Corp is growing impatient.
From the U.S. Supreme Court to Congress and the Federal Energy Regulatory Commission, the Houston-based energy and commodities trading giant has spread its open-market gospel.
"Five years ago we clearly thought we would be much farther along than we are now," Rick Shapiro, Enron's managing director of government affairs, told Reuters in an interview on Friday.
"Finishing the job of making wholesale markets work across the U.S. is our number one objective," Shapiro said.
Enron has a large stake in the regulatory debate. With wide-ranging commodity positions from lumber to pulp to bandwidth, oil and natural gas, its strategy hinges on the ability to transfer those products from buyer to seller more cheaply and quickly than its competitors.
For the power market, that means Enron needs easy access to electric transmission lines, the interstate highway system that allows it to wheel supplies between regions and capitalize on short-term price imbalances.
UTILITIES BLOCK COMPETITION
Enron's big problem? Traditional utilities own transmission lines and have shaped the rules to block new entrants and favor their own generation, Shapiro said.
"Vertically integrated monopolies have been very effective in delaying wholesale competition across the board," he said.
In its pleas to Supreme Court justices and regulators, Enron has tried to empower federal regulators to force utilities to open their wires to competition.
The Supreme Court last week heard oral arguments in a case that could be a watershed for the U.S. power industry and decide whether FERC has the right to drive competition on state transmission networks.
In a classic battle of state versus federal jurisdictional turf, Enron wants the court to give FERC more authority to compel states to open their transmission grids to competitors.
Meanwhile, New York has brought a companion case that says FERC has gone too far and the court should give control of transmission wires back to the states.
"This is an example of an agency that has overstepped its bounds," Lawrence Malone, general counsel for the New York State Public Service Commission, said at the oral argument.
New York wants the court to revoke FERC's authority to regulate retail sales, contending electricity involved in such sales stays within state boundaries and is not subject to federal legislation.
"I think a victory for New York would be absolutely disastrous for consumers across the country," Shapiro said.
"FERC has jurisdiction. All they need to do is exercise it," Shapiro said, echoing Enron lawyers' case to Supreme Court justices that existing laws give FERC the power to do Enron's will.
Enron does not see a recent congressional push for energy legislation as key to its plans, Shapiro said. "FERC is doing its job on the electricity front. I'm not sure that legislation is required on that front."
FERC SHOWS PROMISING SIGNS
With new Chairman Pat Wood at the helm, FERC is moving in the right direction to drive competition, Shapiro said. "It's early in his tenure," Shapiro said of Wood. "Many of the signs are promising."
Wood has made so-called regional transmission organizations a high priority and set aggressive agency rules to drive utilities to join them.
RTOs establish common rules that allow utilities to smoothly trade bulk electricity across the borders of their own local transmission systems. Enron sees RTOs as a positive step toward competition.
In what he called a "carrots and sticks" approach, Wood signaled in late September that utilities must either join RTOs or face losing the right to sell power in wholesale markets.
FERC will hold a week-long meeting on RTOs beginning Monday.
Enron is skeptical that carrots are useful, and is a bigger fan of sticks, Shapiro said.
Utilities have "gotten quite fat over the last nine or 10 years," Shapiro said, and will shrug off FERC's incentives. "I'm not sure there are a sufficient number of carrots in the world right now to incentivize these companies," Shapiro said.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
UK: Enron's European electricity trading volumes soar.
10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, Oct 12 (Reuters) - U.S. energy group Enron on Friday said it traded five times as much wholesale electricity in continental Europe during the first half of this year as in the same period last year.
Continental power trading director Gregor Baeumerich told Reuters the company traded 523 terawatt hours in the first half - roughly equivalent to annual German power demand - up from 93 terawatt hours in the first half of 2000.
"On average we are now doing around 200 deals a day with about 300 counterparties," he said.
Liquidity in Germany, Europe's biggest power market, had risen partly due to more trading by municipal utilities, he said.
Baeumerich said volumes in the French power market had risen sharply in recent weeks after Electricite de France last month auctioned off access to 1,200 megawatts of it generation capacity.
He said annual contracts for physical baseload power for 2002 were trading daily. Up to 30 companies participated in the French market.
"Utilities from across the continent are trading the French market," said Baeumerich.
Much of the trading took place on France's borders with neighbouring countries, he said.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Northwest Natural Picks Merrill, CSFB to Arrange $2.1 Bln Loan
2001-10-12 13:05 (New York)
Northwest Natural Picks Merrill, CSFB to Arrange $2.1 Bln Loan
New York, Oct. 12 (Bloomberg) -- Northwest Natural Gas Co.
picked Merrill Lynch & Co. and Credit Suisse First Boston to
arrange a $2.1 billion loan to help finance its acquisition of
Portland General Electric, said bankers familiar with the loan.
The high-yield loan, the largest announced since the
terrorist attacks of Sept. 11, will include $450 million of
working capital. Another $450 million will be replaced by a junk
bond of the same size, the bankers said.
Merrill, which advised Northwest on its acquisition, will
manage the bond sale. Credit Suisse advised Enron Corp. on the
sale of Portland for $2.9 billion in cash, stock and assumed debt
to Northwest.
Portland, Oregon-based Northwest also plans to issue $150
million of common equity once the acquisition is closed, according
to Chief Executive Richard Reiten. The company expects a nine-
month to 12-month regulatory approval period, Reiten said.
Northwest is forming a holding company to take on the debt
needed to finance the transaction. Standard & Poor's said that the
debt at the holding company is expected to be rated below
investment grade. The utilities -- Northwest Natural and Portland
General -- are expected to keep their investment-grade ratings,
S&P said.
UK: INTERVIEW-Metals screen trade set to evolve - Spectron.
By Andy Blamey
10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, Oct 12 (Reuters) - Electronic trading of base metals futures has established a firm foothold in the market but the nature of online trading platforms looks set to evolve further, says Gavin Gross, head of LME metals at Spectron Futures Ltd.
UK-based energy and commodities broker Spectron's electronic platform for the trading of London Metal Exchange (LME) contracts has become required viewing for traders alongside the LME's own system LME Select and the Enron Group's EnronOnline.
"I think we've proved that people will trade LME derivatives contracts online, because there are some great advantages to doing so," Gross told Reuters in a telephone interview.
"And unlike the physical markets, where things haven't really taken off online, all three platforms are pretty much indispensable to the market."
Both Spectron and LME Select are neutral platforms in which Category 1 and Category 2 LME members trade with each other, while EnronOnline is open to a wider membership but has Enron itself as the sole counterparty in each transaction.
This leaves a gap in the market for a multi-party trading system open to industry participants beyond the immediate trading community, Gross suggested.
"I think the clear trend for metals derivatives trading for the future is for open platforms which would allow dealers and clients in the market to interact with each other online," he said.
Direct access for clients to an electronic trading environment could mean changes in the role of the broker, he said.
"Clients will have the advantage of more control, more visibility and more transparency in what they do. However, they'll have to pay for services," Gross said.
"You could see a situation where dealers specialise in different areas - certain dealers would provide credit functions, certain institutions would provide clearing, others would provide execution and certain companies would provide market-making."
DIFFICULT CONDITIONS
Difficult market conditions are already forcing metals traders to rethink their activities; this week alone has seen N.M. Rothschild & Sons exit base metals trading and both Bank of Nova Scotia and Enron looking to scale back.
"On the LME now you've got low volumes, falling volatilities, falling prices and we're in the grips of a bear market. It's very, very poor for business in general," Gross said.
"There are too many dealers around chasing a shrinking amount of business...Each company is going to have to look very carefully at their business and their staffing levels."
Spectron has not been immune from declining volumes.
"Our volumes for the first 12 months of operation were fantastic, way beyond what we had expected. However, our volumes have fallen in the recent quarter," Gross said.
"That's due to two factors: first, the overall market activity is lower, and second LME Select has managed to attract some of the business that we would previously have had 100 percent of."
The company is now looking at ways to further develop its trading platform.
"We're beginning to investigate ways to add certain features and do things differently. That might involve creating an alternative platform where clients could access prices and thereby widen the service," Gross said.
But, he stressed, "we have to keep the interests of our dealer clients foremost."
UNCERTAINTY
In the current environment, the LME's refusal to throw its weight behind either open-outcry floor trade or its new screen system - the exchange has taken pains not to express any preference and to "allow the market to decide" - may prove to be counterproductive, Gross said.
"By having two systems running side by side ... the exchange is almost moving in two totally different directions," he said.
"There's a feeling that the ring is doomed, which doesn't do anything to encourage its use, while the reluctance to fully back electronic trading means that you're still only seeing a trickle of business going through Select in terms of overall volumes."
While preferences vary in different sectors of the market, the current uncertainty is helping no-one, he said:
"Metals traders just want to trade. They just want to know with some kind of certainty how the market will be structured in future so they can structure their business to support that and make money."
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Citizen wins two Petroecuador oil contracts.
10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 12 (Reuters) - Oil firm Citizen won the remaining two of Ecuador's crude oil contracts by matching the price differential of $6.97 below West Texas Intermediate (WTI) set by another bider, Petroecuador said Friday.
Petroecuador awarded U.S.-based Citizen two contracts, each of 12,000 barrels per day (bpd), for three months after matching Coastal Petroleum's bid of $6.97 under WTI, with a floor price for WTI at $20 per barrel.
Petroecuador last week retendered eight three-month crude lots, each for 12,000 bpd, following a price dispute with former contract holders that led Ecuador's state oil company to break the deals.
Enron Corp. and Rio Energy were awarded earlier this week one 12,000 bpd contract each, while Anglo Energy and Coastal each will take two contracts.
The new contract holders will start loading their first cargo during the first half of November, a Petroecuador official said.
Petroecuador will set the price of Ecuador's crude for December and January based on market values.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
British Court Blocks Indian State's Enron Challenge, AP Says
2001-10-12 12:25 (New York)
Mumbai, Oct. 12 (Bloomberg) -- Enron Corp.'s bid for
international arbitration over its Dabhol Power Co. project to
recover claims of as much as $5 billion can't be delayed with
legal action by an Indian state government, a Commercial Court in
London ruled, the Associated Press reported.
The injunction prevents the Indian state of Maharashtra from
initiating legal action that would delay arbitration of disputes
over the Houston-based power company's project, AP said, citing
Enron.
The injunction obtained Wednesday is separate from a case
pending before the state-owned Maharashtra Regulatory Commission,
AP said. The Maharashtra State Electricity Board has said it can't
afford the energy prices negotiated seven years ago.
An Indian court has ordered a stay until a decision is
reached on whether the commission has jurisdiction in the matter.
Enron has a 65 percent stake in 2,184-megawatt power project,
India's biggest foreign investment, AP said. The company wants to
pull out of India and recover its investment and that of its
partners, General Electric Co. and closely held Bechtel Group.
| ||
arnold-j/deleted_items/243.
|
subject: Solar Migration - Final Notice
content: FINAL NOTICE -- FINAL NOTICE -- FINAL NOTICE -- FINAL NOTICE
The Enterprise Storage Team will be migrating UNIX home directories and applications to new hardware on October 13 and 14, 2001. The migration will begin on Saturday the 13th at 7:00 PM and will be completed by 1:00 AM on Sunday, October 14, 2001.
The migration requires a total system outage; so home directories and applications will not be available during the above time period. Please log off before you leave for the weekend.
Development teams members will test migrated applications on Sunday, October 14, 2001.
If you encounter or observe abnormal behavior with any application used in your normal course of business, please contact the resolution center at 713-853-1411. The resolution center can escalate to the appropriate resource.
Enterprise Storage Team
| ||
arnold-j/deleted_items/244.
|
subject: RE: did you like the stew?
content: just for that - you have to go get a beer with me. asshole.
-----Original Message-----
From: Arnold, John
Sent: Friday, October 12, 2001 4:22 PM
To: Allen, Margaret
Subject: RE: did you like the stew?
I hated it
-----Original Message-----
From: Allen, Margaret
Sent: Friday, October 12, 2001 4:00 PM
To: Arnold, John
Subject: did you like the stew?
| ||
arnold-j/deleted_items/245.
|
subject: RE: New Power
content: We recommending they buy puts, (something about storage gas used as lending collateral needing protection)
I'm thinking that although New Power agrees, decision will come slowly
FYI we are bumping against our business units limits and we are over our Corp limits. Port is looking for Greg to discuss increasing Corp limits. I doubt Greg will want to increase business unit, but it would be nice to increase both lock stepped. stay tuned
-----Original Message-----
From: Arnold, John
Sent: Friday, October 12, 2001 8:20 AM
To: Hayden, Frank
Subject: RE: New Power
which way?
-----Original Message-----
From: Hayden, Frank
Sent: Friday, October 12, 2001 8:01 AM
To: Arnold, John; Maggi, Mike; May, Larry
Subject: New Power
For your radar screen, I'm hearing that New Power Company may want to hedge out exposure today. I'm unclear if it will be NYMEX, options or pipe options (T'CO)
Details are sketchy, once I know I'll pass it on
Frank
| ||
arnold-j/deleted_items/246.
|
subject: daily charts 10/12
content: 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. ? 2001 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/crude31.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas31.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil31.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded31.pdf
Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG31.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG31.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL31.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/247.
|
subject: RE:
content: Becky will pass out itineraries this morning. We have flights out at about 8:30, departing Dallas around 2:30.
-----Original Message-----
From: Arnold, John
Sent: Thursday, October 11, 2001 6:38 PM
To: Gilbert, George N.
Subject:
what is our flight schedule for monday?
| ||
arnold-j/deleted_items/248.
|
subject: EWS Brown Bag
content: MARK YOUR LUNCH CALENDARS NOW !
You are invited to attend the EWS Brown Bag Lunch Series
Featuring: THE MAP GUYS
Keith Fraley and Peter Hoyt
Topic: Visualizing your Data and Marketplace
Enhance your market analysis and decision-making capabilities with our commodity-specific geographic information and customized applications.
Thursday, October 18, 2001
11:30 a.m. - 12:30 p.m.
EB 5C2
You bring your lunch, RSVP email to
We provide drinks and dessert. Kathie Grabstald
or call x 3-9610
|
All_ENA_EGM_EIM@ENRON <??SAll_ENA_EGM_EIM@ENRON>
|
|
arnold-j/deleted_items/249.
|
subject: Confirmation - Ticket purchase
content: Dear Customer,
Thank you for purchasing your tickets through the Admission Network Web site.
This message confirms your purchase, as follows:
Event: FRI DRALION
Venue: CIRQUE DU SOLEIL - HOUSTON
Date: January 25, 2002
Time: 9:00 PM
Number of tickets: 2
Starting at seat: Level SECT., Section 101, Row B, Seat 5-6
Your Delivery Choice (see note below): Mail
Confirmation number: 75-19232
The amount of $333.65 USD has already been charged to your Visa credit card.
The charge will appear as Admission / Tickets on your monthly credit card statement.
Mail Delivery : Please allow us at least a delay of two
weeks.
However, if you still have not received your tickets the day before the event, please call (514)528-2828 and ask for a customer service supervisor.
| ||
arnold-j/deleted_items/25.
|
subject: Nat Gas market analysis for 10-5-01
content: Attached please find the Natural Gas market analysis for today.
Thanks,
Bob McKinney
- 10-5-01 Nat Gas.doc
| ||
arnold-j/deleted_items/250.
|
subject: daily charts and matrices as hot links 10/15
content: 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. ? 2001 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/crude29.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas29.pdf
Distillate and Unleaded charts to follow.
Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG29.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG29.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL29.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/251.
|
subject: Nat Gas market analysis for 10-15-01
content: Attached please find the Natural Gas market analysis for today.
Thanks,
Bob McKinney
- 10-15-01 Nat Gas.doc
| ||
arnold-j/deleted_items/252.
|
subject: News Deadline
content: If your team would like to contribute to this week's newsletter, please submit your BUSINESS HIGHLIGHT OR NEWS by noon Wednesday, October 17.
Thank you!
Kathie Grabstald
x 3-9610
| ||
arnold-j/deleted_items/253.
|
subject: ALL daily charts and matrices as hot links 10/15
content: 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. ? 2001 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/crude29.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas29.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil29.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded29.pdf
Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG29.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG29.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL29.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/254.
|
subject: CFTC Commitment of Traders - Natural Gas
content: Attached please find this weeks summary of the most recent CFTC Commitment of Traders data for Natural Gas.
Thanks,
Mark
- CFTC-NG-10-15-01.doc
| ||
arnold-j/deleted_items/255.
|
subject: Enron Mentions - 10-15-01
content: COMPANIES & FINANCE INTERNATIONAL: Energy groups' earnings likely to be hit hard
Financial Times; Oct 15, 2001
COMPANIES & FINANCE INTERNATIONAL: Tata in talks to buy Enron power plant
Financial Times; Oct 15, 2001
Base Metals Traders Struggle In Tough Trading Conditions
Dow Jones International News, 10/15/01
INDIA: Tata Power Q2 net seen down 8.5 pct yoy.
Reuters English News Service, 10/15/01
India: FDI: Suffering from sectoral infirmities
Business Line (The Hindu), 10/15/01
International: Indian Enron looks for way out of Greenfield Shipping
Lloyd's List International, 10/15/01
COMPANIES & FINANCE INTERNATIONAL: Energy groups' earnings likely to be hit hard
Financial Times; Oct 15, 2001
By JULIE EARLE
Disintegrating oil and gas prices are set to weigh on third-quarter earnings for US energy companies due this week.
Oil drillers, which have been pummelled in recent months as energy companies scale back on drilling and exploration in response to lower commodity prices and the terrorist attacks, are likely to report sharply lower third-quarter earnings and could issue further profits warnings, analysts said.
Oil prices have slumped to Dollars 26.50 a barrel, from Dollars 31.58 a barrel in the year-ago quarter and natural gas prices slid in the third quarter to Dollars 2.63 MMBtu (million British thermal units) from Dollars 4.31 MMBtu in the same quarter a year ago, and from Dollars 4.19 MMBtu at the start of 2001.
A slowdown in activity in the gas-rich Gulf of Mexico following the September 11 terrorist attacks is also likely to hit offshore drillers' earnings in the next six months.
Global Marine, which is being acquired by Sante Fe International to create the second-biggest offshore drilling contractor, is due to report today. Consensus estimates were for 33 cents a share. Sante Fe International is also due to report today.
Salomon Smith Barney expects North American spending on drilling to fall by 20 per cent in 2002, with spending outside North America to rise by 10 per cent to 15 per cent.
Mark Urness, an SSB analyst, said earnings estimates for most drillers remained too high for the fourth quarter and needed to be cut. "We are expecting them to provide lower guidance for 2002 as third quarter earnings are reported," he said.
On the exploration and production front, Bill Featherstone, a UBS analyst, said fourth-quarter results for companies including Devon and Apache would also be hit by weak oil and gas prices. "Obviously fourth- quarter results will trend down for the sector given reduced oil and natural gas prices," he said.
Companies will need to show financial discipline and outline policies of keeping their spending in line with operating cash flow. Analysts are likely to look closely at capital expenditure budgets.
Energy trader Dynegy also reports today, followed by rivals Enron and Duke Energy tomorrow.
Copyright: The Financial Times Limited
COMPANIES & FINANCE INTERNATIONAL: Tata in talks to buy Enron power plant
Financial Times; Oct 15, 2001
By SHEILA MCNULTY and KHOZEM MERCHANT
Tata, the Indian conglom-erate, has held exploratory talks to buy a controversial power plant from Enron, the US energy giant.
Tata Power, part of the Bombay-based industrial group, has written to the Indian government expressing interest in the plant, which is India's biggest foreign investment. However, it said any deal would have to address the high tariff structure and interest rate burden on the project.
Kenneth Lay, Enron's chief executive and chairman, told the Financial Times in August that Enron and its partners wanted to retrieve the Dollars 1bn incurred building the now-defunct Dabhol plant.
It is understood that Enron is considering an offer price of about 80 cents to the dollar.
Enron declined on Friday to confirm it was in talks with Tata, but said the best solution would be for the Indian government, or one of its Indian financial backers, to take on Dabhol.
Tata Power recently held talks with Indian financial institutions involved with the project. Officials from Dabhol Power Company, Enron's Indian arm, also attended.
About 70 per cent of the Dabhol plant was funded by debt, with Indian financial institutions providing Dollars 1.4bn and foreign lenders the balance. Enron's Indian unit defaulted in September on interest payments to international lenders, blaming stopped payments by the Maharashtra State Electricity Board (MSEB), the plant's sole client.
Analysts favour a quick sale. "Tata would be a faster exit and resolve it once and for all," said Ronald Barone of UBS Warburg. "It is better to take a small loss and move along. Dabhol periodically becomes a problem and an issue, and it depresses the stock."
Analysts said the fit between Tata and its putative target would be complementary, though it would probably stretch the company's balance sheet.
The Tata group is already committed to a heavy capital expenditure of some Rs30bn (Dollars 625m) on power-related projects over the next three years.
A further Rs9bn is slated for telecommunications and broadband projects.
Copyright: The Financial Times Limited
Base Metals Traders Struggle In Tough Trading Conditions
By Wong Chia Peck
Of DOW JONES NEWSWIRES
10/15/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
SYDNEY -(Dow Jones)- The spate of decisions by big-name participants to scale down or quit base metals trading last week didn't surprise participants in Asia, given the market's tough trading conditions, they said.
In fact, should the current dismal conditions prevail for the next six months, more such announcements are likely, they added.
Their comments follow the recent decisions by prominent members of the London Metal Exchange to either downsize their base metals trading divisions or quit entirely.
"Clearly, they, like us, are victims of reduced volumes," said a senior LME trader in Sydney, adding that all market participants are suffering from the declining throughputs and trade volumes.
Figures from the LME's Web site show that the trading volumes for aluminum, copper, lead, nickel, tin and zinc fell a total 10.6% to 41,027,075 contracts for the first nine months of this year from the same period last year.
"We're just seeing the beginning of it," a senior trader with a big U.S.-based trading house in Tokyo told Dow Jones Newswires Monday.
Last week, N M Rothschild & Sons Ltd. said it would cease base metals trading except for its Australian business.
Chairman Evelyn de Rothschild said in a statement, "In light of difficult trading conditions in the base metals markets, we have concluded that our limited base metals operations are no longer viable."
ScotiaMocatta, the base metals trading unit of Toronto-based Bank of Nova Scotia (T.BNS), said it would cut staff as well as exit LME ring dealing.
With ScotiaMocatta's exit, there will be 11 LME ring dealing members. These members have the exclusive right to trade in the open-outcry ring.
Earlier, Houston-based Enron Metals said it would cut staff by 10%-20% in Europe, while associate broker clearing member Mitsui Bussan Commodities Ltd. in July ceased its market-making activities to focus on clearing and broking.
The senior trader said he wasn't surprised by these developments and ominously projected more to come should the difficult trading conditions continue in the next six months.
Market Not Pricing Future Demand
"People are really not pricing any future demand" into their positions, he said.
One indication is the lack of forward pricing in LME's base metals contracts despite the current depressed prices, he said.
With LME three-month copper and aluminum prices around 25% down from their levels at the start of the year, he would have expected to see forward buying following previous experience.
"But if everybody's restructuring, you don't even know if you are going to be here into 2002, 2003," he said.
Despite having tumbled to very low levels, analysts and market participants project further downside for base metals prices as they push back forecasts of a price recovery following the Sept. 11 terrorist attacks on the U.S.
One of Japan's trading giants, Marubeni Corp. (J.MRB), said Monday that the attacks have pushed back the timing of the aluminum market's recovery by two to three months.
It also cut its forecasts for this year's trading range of the LME three-month aluminum contract to $1,250-$1,450 a metric ton, compared with last year's $1,451-$1,730/ton range.
Indeed, the past few years have thrown base metals into extremely difficult trading conditions, traders said.
Just as the Asian markets were recovering from the 1997 financial crisis, the U.S. economy sputtered to a halt, they said. The terrorist attacks Sept. 11 and the subsequent retaliation threw a spanner in the works, they added.
The bellwether copper and aluminum contracts last week fell to their lowest levels in 28 months, while zinc prices also notched 14-year lows. Tin prices are at their lowest levels in 20 years.
A prominent casualty is the world's largest combined lead and zinc producer, Australia's Pasminco Ltd. (A.PAS).
Having to compete for business in such a tough environment, brokers have had to cut their commissions, said the Tokyo-based trader.
Another Tokyo-based trader said buying interest has been thin, as buyers prefer to wait for lower prices.
"There are buyers in the market, but their (price) targets are lower," he said.
He added that the company he is with stopped trading for a week after hearing talk that Rothschild was scaling down its operations.
At 1010 GMT, LME three-month copper was at $1,401/ton; three-month aluminum was at $1,302/ton; three-month zinc was at $791.50/ton and three-month tin was at $3,800/ton.
-By Wong Chia Peck, Dow Jones Newswires; 612-8235-2957; [email protected] -0- 15/10/01 10-40G
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: Tata Power Q2 net seen down 8.5 pct yoy.
10/15/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, Oct 15 (Reuters) - Tata Power Company, India's largest private utility, is expected to report profit for the past quarter fell 8.5 percent on year, squeezed by higher interest costs and slower sales, analysts say.
The company, which is negotiating to buy U.S. energy giant Enron Corp's stake in its troubled Indian unit, reports results for the July-September second quarter on Tuesday.
"I expect profit to be hit by higher interest costs on new projects such as transmission and telecoms, and sales growth to be affected by the absence of supplies to BSES Ltd this year," said Pranav Securities analyst Rohita Sharma.
She said the sale of power to BSES Ltd , a rival producer and leading distributor of power to Bombay, was a major factor in boosting sales in the year-earlier quarter.
"I see operating margins falling to 19.05 percent from 19.85 percent," Sharma added.
A Reuters poll of 14 brokerages, released last week, forecast net profit would drop to a median 1.27 billion rupees ($26.4 million) from a year earlier, on a 8.45 percent rise in sales to 10.11 billion rupees.
Tata Power generates thermal and hydroelectric power and distributes electricity across the western Indian state of Maharashtra, including its capital Bombay.
As part of its new initiatives, the company commissioned a broadband optic fibre cable network in Bombay in late August.
Jaideep Goswami, head of research at UTI Securities, said profit would be flat, helped by extraordinary income from the sale of its stake in Tata Liebert, a maker of air-conditioning equipment and UPS, or uninterrupted power supply, for computers.
Tata Power sold the stake for 765 million rupees in September.
"Other income will be a crucial factor with power sales struggling as a result of the slowdown in the economy," he said, adding it could benefit from some businesses like captive units.
Tata Power runs captive power units for India's largest private steel producer Tata Iron and Steel Company (TISCO) and the country's second largest cement maker Associated Cement Companies .
An independent power project, in Belgaum, in southern India, went on stream in March.
SHARES WATCH ENRON
Goswami said the possible buyout of Enron's 65 percent stake in Dabhol Power Company could be the major driver for the stock.
"At this point it's by no means certain the deal will happen, but if it does, a lot would depend on how it is structured and the cost of the project," he said.
"It's definitely a big booster for sentiment as Enron's unit supplies to areas contiguous to Tata Power's," he said. "But there are concerns about how its cash flows will be impacted."
Shares in Tata Power were little changed at 97.50 rupees in afternoon trade while the Bombay benchmark index was up 0.7 percent.
Tata Power managing director Adi Engineer told Reuters earlier this month that he had held preliminary talks with Enron to buy the American firm's stake in the $2.9 billion Dabhol unit.
"Everyone knows some solution has to be found for Dabhol...we will go ahead with this only if it makes sense from the consumers' angle and the stakeholders' angle," he said.
Dabhol was forced to shut its 740 MW plant on the west coast of India, after its sole customer, a state-owned loss-ridden Indian utility, stopped buying power.
The utility, the Maharashtra State Electricity Board, earlier defaulted on payments.
The shutdown has stalled an expansion programme, which was almost complete and would have taken the capacity to 2,184 MW. ($1 = 48 Indian rupees).
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: FDI: Suffering from sectoral infirmities
10/15/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd
THE exit of Enron and AES from the Indian power scene has generated worry. For, more than affecting power generation, this might have a lasting impact on the prospects of foreign direct investment in India. This is because the US is the biggest investor in India, and power generation was seen as one of the most attractive areas. But, then, this did not happen suddenly, and the portents were visible from ever since Cogentrix pulled out.
But despite such fears, FDI increased substantially in 2000. On an approval basis, it increased 27.5 per cent in 2000 (from $6,750 million in 1999 to $8,610 million in 2000). American investments rose 14.6 per cent (from $851.2 million in 1999 to $975.6 million in 2000).
What then is the fallacy? One reason why the flows were not affected is that, overall, the FDI trend in India is not affected by any sector, no matter how important it is. Presently, the policy constraints to foreign investment are confined to select sectors, and sectoral policies are emerging the determinants of the FDI flow trend. The policies in some sectors such as power, telecommunications and oil may not be conducive, but in others, particularly manufacturing, they are comparable to any other countrys.
Even after a decade of liberalisation, independent power producers are finding it difficult to set up operations, with the State electricity boards in financial straits. Thus, of the 50,000 MW projects approved in the private sector, only 3,000 MW were added during 1991-99. Non-transparent policies in basic, cellular and wireless local loop services are preventing foreign investors from coming into the telecom and oil refining sector sin a big way. Nothing is as yet clear about the dismantling of Administrative Price Mechanism in the petroleum sector that is scheduled for April 1, 2002.
However, this is not true for other sectors. In automotive or in electrical/electronic industries, no MNC has so far pulled out. Instead, more players are coming in. As a result, the actual flow of foreign investments has been in automobile and electrical/electric equipment sectors though FDI was approved largely in power and telecommunications.
For instance, in 2000 nearly 30 per cent of the actual total flow of FDI was in the transport sector, mainly automobiles and electrical equipment industries against only 15 per cent flow in power, oil refinery and telecommunication. In contrast, 36 per cent of FDI was approved in transport and electrical industries against 41 per cent approved in power, oil refinery and telecommunication during 2000. The automotive sector attracted a $1.2-billion in FDI in the 1990s and grew at 20 per cent from 1991-99; the result of the flow of foreign investment and its impact on the industry.
Further, contradicting the fear hyped over the foreign investment prospect due to the Enron exit, a recent study by the American Chamber of Commerce reflected the US investors positive perception of Indias vast potential. According to the study, the country has the potential to attract FDI of $100 million over the next five years, if certain improvements are made in the regulatory measures and to the sectoral policies that are acting as barriers to foreign investors.
A study by the RBI unveiled a glorified result of the business performance of foreign-invested firms in India. The study, covering 334 firms, revealed that their average return on equity was 12.5-13 per cent during 1998-99 and 1999-2000, which, in terms of global standards, is lucrative. The interesting part of the study is that the rate of return on equity in case of US-invested firms was as high as 12 per cent. Japanese and British firms, however, recorded higher returns on equity 22 per cent and 18 per cent, respectively.
Further, these high rates of return on equity were reaped up mostly from domestic sales, and the firms had to exert less to export, and area where competition is intensifying by the day. The study revealed that the ratio of export intensity of sales was 4-6 per cent during 1998-99 and 1999-2000. That is, these firms are garnering higher returns by selling more than 95 per cent of their production in the domestic market. In terms of industry, the RBI study revealed that not only the return on equity, but also the growth rate of returns were high in automobile and electrical industries. Thus, the attraction of these sectors and the consequent large actual flows of FDI. The return on equity in the auto industry was 14.6 per cent in 1999-2000 the second highest after pharmaceutical and the growth rate in return was 27 per cent over the previous years.
The return for the electrical equipment industry was 10.5 per cent in 1999-2000 and growth rate in return as high as 40 per cent over the previous year. Therefore, the barriers often highlighted for the slow pace of FDI are not strictly related to the countrys overall policy. The FDI gets bogged down because of sectoral policy constraints, each different from the other.
The American Chambers study admits that such macro-level factors as inflexible labour laws and poor infrastructure play a relatively less important role in encouraging foreign investment than the sectoral policy constraints.
It is difficult to offer an ideal investment policy. But, certainly, the country has inherent strengths such as skilled manpower, huge domestic market and a stable democratic government that are conducive to attracting foreign investments. The RBI study confirms this. It only remains to tap this potential.
S. Majumder
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
International: Indian Enron looks for way out of Greenfield Shipping
SHIRISH NADKARNI IN MUMBAI
10/15/2001
Lloyd's List International
5
Copyright (C) 2001 LLoyds List; Source: World Reporter (TM)
AMERICAN energy major Enron is looking at a price of around Dollars 30m to exit from Greenfield Shipping Company, in which its affiliate Atlantic Commercial is a 20% equity partner.
The desire to exit is part of Enron's move to pull out of all its projects in India.
The other two partners in the three-member consortium are Mitsui OSK Lines (MOL), which has 60% equity, and Indian national carrier Shipping Corporation of India (SCI), with a 20% stake.
Greenfield Shipping had commissioned the construction of a 137,000 cu m capacity LNG tanker at Mitsubishi Shipyard in Japan.
The vessel, christened LNG Lakshmi, will be ready for delivery on November 15 this year.
It will be used for ferrying LNG from the Middle East to Enron's 2,184 mw mega-power plant at Dabhol, near Ratnagiri in southern Maharashtra.
Although no official statement has come from Enron, a source at ANZ Investment Bank, which leads the lending consortium of banks, revealed that Enron would seek the return of Dollars 11m as its share of the paid-up equity of Dollars 55m, plus Dollars 19m for swapping the company's share of the loan component.
The highly publicised imbroglio between Enron and Maharashtra State Electricity Board over the tariff to be charged for power induced Enron to seek an exit from the project.
This has induced the lending consortium to be extra cautious after having disbursed Dollars 110m of the aggregate loan component of Dollars 165m. It has asked the promoters to bring in this amount.
The intransigence of the lenders has left MOL and SCI with the difficult task of not only paying Enron off, but also bringing in the Dollars 55m debt amount, if they are to take delivery of the vessel on the scheduled date next month.
The SCI board has had extensive discussions on the subject, but failed to come to a consensus on putting in the extra funds. And during discussions held in London recently, MOL had clearly told the lenders it was not in favour of putting in extra funds to salvage the LNG shipping deal.
MOL feels the economics do not justify the extra expenditure. The consortium is now facing a charter hire rate of Dollars 60,000-Dollars 65,000 per day, compared with the rate of Dollars 98,600 initially negotiated with the Dabhol Power Company.
If one took a daily charter hire rate of Dollars 60,000, Greenfield would earn around Dollars 22m per annum, of which Dollars 4-Dollars 5m would be spent on operating expenses of the tanker.
That would leave Dollars 17-Dollars 18m, yielding an internal rate of return (IRR) of just 7%-8% for MOL on its 60% equity stake. This would be unacceptable for the Japanese line.
For SCI, the IRR would be even lower - 4%-4.5%, far below the Indian government norm of 12% for projects involving state funding.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
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arnold-j/deleted_items/256.
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subject: Enron Mentions - 10-13-01 - 10-14-01
content: Tata in talks to buy Enron's Dabhol power plant - FT
AFX News, 10/14/01
Qatar, Dolphin to sign final mega gas deal "shortly"
Agence France-Presse, 10/14/01
NATURAL GAS BIG IN STATE'S FUTURE > NEW PIPELINES ARE PROPOSED TO FILL NEEDS
South Florida Sun-Sentinel, 10/14/01
Debt load smothers Polaroid; Bankruptcy filing pointing to sale, firings
Boston Herald. 10/13/01
WORLD NEWS - Enron wins court injunction - NEWS DIGEST.
Financial Times (U.K. edition), 10/13/01
Tata in talks to buy Enron's Dabhol power plant - FT
10/14/2001
AFX News
(c) 2001 by AFP-Extel News Ltd
TOKYO (AFX-ASIA) - Tata has held exploratory talks to buy Enron's power plant in Dabhol, India, the Financial Times reported.
Tata Power has written to the Indian government expressing interest in the plant, though any deal would have to address the high tariff structure and interest rate burden on the project, the newspaper said.
It is understood that Enron is considering an offer price of about 80 cents to the dollar, it said.
Enron declined on Friday to confirm it was in talks with Tata, but said the best solution would be for the Indian government, or one of its Indian financial backers, to take on Dabhol.
Tata Power recently held talks with Indian financial institutions involved with the project. Officials from Dabhol Power Company, Enron's Indian arm, also attended.
About 70 pct of the Dabhol plant was funded by debt, with Indian financial institutions providing 1.4 bln usd and foreign lenders the balance.
Enron's Indian unit defaulted in September on interest payments to international lenders, blaming stopped payments by the Maharashtra State Electricity Board, the plant's sole client.
tb/pb For more information and to contact AFX: www.afxnews.com and www.afxpress.com
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Qatar, Dolphin to sign final mega gas deal "shortly"
10/14/2001
Agence France-Presse
(Copyright 2001)
ABU DHABI, Oct 14 (AFP) - Qatar and Dolphin Energy will sign the final development and production sharing agreement (DPSA) for a multi- billion-dollar project to deliver Qatari gas abroad "shortly", the UAE Offsets Group (UOG) said Sunday.
"The development and production sharing agreement (DPSA) with Qatar Petroleum (QP) is due to be signed shortly," UOG said in a statement.
The state-run UOG added that Dolphin Energy will select by early next year an oil major to become a strategic partner in the project.
"Over the coming weeks, the international oil companies will be given additional data and invited to submit their offers by late December. One of them is scheduled to be selected in early 2002," UOG said.
UOG held separate negotiations last week with five shortlisted oil majors -- Conoco, ExxonMobil and Occidental Petroleum of the United States, BP International and the Anglo-Dutch firm Shell -- to replace the US firm Enron Corp., which withdrew from the venture in May and transferred its 24.5 percent stake to UOG.
Enron's role was to build a 350-kilometre (220-mile) pipeline under the Gulf between Qatar and Abu Dhabi.
The Dolphin project aims to create a regional grid taking gas from Qatar to Abu Dhabi, Dubai, Oman and eventually Pakistan.
In a project estimated at an overall cost of up to 10 billion dollars, the gas is to be transported by undersea pipeline from Qatar to the Abu Dhabi coast.
The gas will be distributed inside Abu Dhabi and neighbouring Dubai through existing networks and will be transported between the two through a pipeline for which technical bids have already been submitted.
The pipeline will then continue overland to Oman and from there to Pakistan through an undersea pipeline. The extension to Pakistan is expected to cost up to an additional three billion dollars.
lp/dab
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
BUSINESS & TECHNOLOGY
NATURAL GAS BIG IN STATE'S FUTURE > NEW PIPELINES ARE PROPOSED TO FILL NEEDS
Antonio Fins Business Writer
10/14/2001
South Florida Sun-Sentinel
Broward Metro
1H
(Copyright 2001 by the Sun-Sentinel)
Prodded by rules requiring cleaner air and bolstered by a series of competing pipeline proposals, natural gas is set to become a major player in Florida's energy grid.
The state Public Service Commission projects that by the end of the decade, natural gas will account for 44 percent of the fuel used by Florida utilities, up from about 18 percent now. Utility companies use 85 percent of the natural gas burned in Florida.
As energy companies bid for the right to drill for oil and gas 100 miles off Florida's coast, other businesses are betting big dollars on natural gas.
Gulfstream Natural Gas System is already building a pipeline from Mississippi and Alabama across the Gulf of Mexico and into the Tampa area. Enron Corp. of Houston is proposing to spend as much as $400 million to build a pipeline from the Bahamas Port Everglades.
Enron's proposal is drawing rivals. El Paso Corp., also in Houston, wants to build a Bahamas to South Florida pipeline that comes ashore in West Palm Beach. And AES Corp. has purchased Ocean Cay, a speck of an island near Bimini in the Bahamas for an energy complex that will include a power plant and a gas pipeline to Port Everglades.
The proposals are receiving scrutiny from county officials and environmental groups. Ultimately, federal regulators must give their approval before a pipeline can be constructed.
Still, electric companies, which are proposing to build more than 80 new power plants in Florida through 2010, are looking to make heavy use of natural gas.
"Practically all the new units are going to burn natural gas," said Michael Haff, an engineer at the PSC. "That's the reason for the large increase" in projections of natural gas usage.
All this is quite a change for Florida's electric utilities. For decades, power suppliers have found it easier to cart coal and ship oil to burn in Florida's power plants than to pipe in natural gas.
Nor has there been much of a popular mandate for natural gas in Florida. Most users are small factories, public laundries and restaurants, where chefs prefer natural gas over electricity because it's easier to control the heat. With little need for heating homes in winter, residential use has generally been limited to barbecues, water heaters and stoves.
Consequently, Florida uses far less natural gas than many states. Household use of natural gas is less than one-fifth of what some households in other parts of the country use.
The motive for the switch comes from a combination of factors. The federal Clean Air act, signed into law in 1990, is forcing utilities across the country to reduce their dependence on coal and oil and to find cleaner sources of fuel to power their generators.
Natural gas is one of those options.
Alvaro Linero, the administrator who reviews power plants for the state Department of Environmental Protection, said natural gas emits no particulate matter, the tiny particles that can lodge in lungs and aggravate respiratory conditions. Unlike oil or coal, it gives off no sulfur dioxide, which causes acid rain. It is also easier to control nitrogen oxide emissions, a key component of smog, when natural gas is the fuel rather than oil or coal.
Florida Power & Light Co., the largest of the electric companies, has already heavily invested in natural gas generators -- 21 of its 29 non-nuclear power plants are able to run on natural gas.
FPL said it turns to natural gas occasionally to save customers money, but the utility, regulators and industry groups could not say how much money is saved by the switch.
Another factor behind the projected rise in usage of natural gas is its growing availability. By 2005, natural gas supplies are expected to surge after one pipeline, which will run gas across the Gulf of Mexico, is finished. Local government and industry officials also expect the Federal Energy Regulatory Commission will give the green light to one of the Bahamas-to-Florida pipeline projects as well.
Still, some environmental groups say that, while they want cleaner energy, they worry that the push to natural gas raises other fears.
One concern voiced by civic activists is that the gas pipeline project will create safety hazards at local ports and parks. Enron, which applied to build a Bahamas-to-Florida pipeline, said it has taken steps to make sure it is safe. But Broward officials and a conservationist group, Hollywood-based Save Our Shores, have expressed reservations in filings before the Federal Energy Regulatory Commission, which must approve the pipeline project before construction begins.
The safety of natural gas pipelines has received more attention recently. After a pipeline exploded in Carlsbad, N.M., last year, killing 12 people, the federal government moved to tighten regulations and require annual testing.
And the massive increase in natural gas use by the electric companies dismays some natural gas advocates.
They insist the best way to employ it is by piping it directly into homes for water heaters, stoves and even gas-run air conditioning units -- a more efficient and cost-effective use of natural gas than running electric generators, they argue.
But state regulators and industry officials say that it is too costly to hook up homes in established neighborhoods because of the expenses in construction and re-landscaping, so expecting large numbers of people to convert from electric to gas appliances is unrealistic.
Disagreements aside, the consensus is that the state's power utilities and consumers will soon have another fuel and energy option.
"We don't expect [natural gas usage] to decline. If anything, we may see an increase," said Lance Horton, marketing director for People's Gas Co. "At the end of the day, the customer is going to have another choice that was not there before."
Staff Writer David Fleshler contributed to this report.
Antonio Fins can be reached at [email protected] 954-356- 4669.
PHOTO MAPS 2; Caption: Staff file photo/Carl Seibert Pipeline view: Enron proposes a natural gas pipeline from the Bahamas that would have a terminal in the foreground, just south of I-595, after passing under Port Everglades in the background. It is one of several proposals, so far, to bring more clean energy to Florida. PIPELINE DREAMS: Two of the proposed pipeline projects that would bring energy under the Atlantic Ocean and into South Florida: Staff graphic/ Renee Kwok Enron's proposed pipeline would run from Freeport through Port Everglades. Staff graphic Ocean Cay AES Corp. has proposed constructing pipeline and power plant
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
FINANCE
Debt load smothers Polaroid; Bankruptcy filing pointing to sale, firings
GREG GATLIN
10/13/2001
Boston Herald
All Editions
020
(Copyright 2001)
Polaroid Corp., one of Massachusetts' most-storied innovators, sought bankruptcy protection yesterday in a Delaware court to reorganize its business and will seek to hasten a sale of the company.
The highly anticipated move capped a rocky period under Chief Executive Gary DiCamillo and marked an extraordinary fall for the 64- year-old Cambridge instant-photography legend.
The company that helped define Route 128 as America's Technology Highway, slashed thousands of jobs since its peak in 1978, when it employed nearly 21,000.
It has local operations in Bedford, Cambridge, New Bedford, Norton, Norwood, Waltham and Wayland.
Polaroid already announced plans this year to cut 3,000 jobs and reduce its work force to 5,500. Yesterday, the company said it will cut more.
It's been crushed by huge debt and battered by a sharp drop in demand for its mainstay instant film amid a shift to digital technologies and a weak economy.
"How such a place, with so much success and so much technology, could lose that much money and get into so much debt, I don't understand," said Lloyd Taylor, a retired Polaroid chemist who has also consulted for the company. "A lot of people I've known, both retirees and some that are still there, are just totally demoralized."
Polaroid, founded by visionary Edwin H. Land in 1937, said it will remain open for business and continue to make and ship its core instant-film products, even as it "accelerates and intensifies" its search for a buyer under bankruptcy court protection.
But it will slash operations, with an unspecified number of job cuts expected. Anything that's not part of its core business - products that rely on instant film - is subject to sale or elimination.
That includes the company's sunglass division, its photo- identification business, and others. Polaroid, already selling off real estate and other assets, will seek to sell more and will shutter plants.
Spokesman Skip Colcord would not provide specifics regarding closings or job cut plans. "I think everything's on the table," he said.
Polaroid confirmed it terminated its retiree health and life insurance plans as well as severance payments to former U.S. employees.
A federal bankruptcy judge authorized $13.1 million until Monday for employee wages and checks outstanding, said Polaroid lawyer Gregg Galardi. It will seek approval to continue employee health care benefit payments as well, and to honor service warranties on products.
In its filing, Polaroid listed $1.81 billion in assets and $948.4 million in debt. Top creditors include Enron Energy Services, Tad Resources International and Dupont Teijin Films US, all with multi- million dollar claims.
As expected, Polaroid said it had obtained a commitment for $50 million in so-called debtor-in-possession financing from a bank group led by J.P. Morgan Chase & Co. Polaroid will seek court approval to use $40 million of that loan Monday to meet obligations, including paying suppliers on or after yesterday's filing. Lawyers also said Polaroid had a $33 million offer for its identification business.
Crushed by the weight of its debt, including about $600 million owed to bondholders and $335 in bank loans, Polaroid had teetered on the edge of bankruptcy for months, and received a series of waivers on terms of its lending agreements, while it sought a buyer for some or all of its assets.
Its once-mighty instant-film business was turned into a cash generator to fund development of new digital-imaging technologies. Earlier this year, Polaroid unveiled new digital printing technology, code-named Opal and Onyx, designed to let consumers and businesses instantly develop prints taken with digital cameras.
Some say Polaroid lost a step with the departure of Land, its founder and visionary, who stepped down as chief executive in 1980 and as chairman in 1982. Land died in 1991.
A Harvard University dropout and son of a scrap-metal dealer, Land began to research light polarization in the 1920s, focusing on sunglasses, desk lamps and reducing car headlight glare, before turning to instant film.
As legend has it, Land took a picture of his young daughter on a vacation in Santa Fe, N.M., and she asked why she couldn't see the picture right away. Land set to work on the problem immediately, and before long was applying for patents.
By 1988, Polaroid was trying to fight off a hostile takeover bid. Financier Stanley Gold's Shamrock Holdings had offered $3 billion for Polaroid, or about $45 a share. Company management eventually rebuffed Shamrock, but spent millions in legal fees and racked up a massive debt to block the takeover bid, from which it has yet to recover.
Graphic: Historic developments (photo/text graphic)
** 1937 -- Edwin H. Land forms Polaroid Corp. Develop products from polarizer technology he patented in 1929, including day glasses and desk lamps.
** 1947 -- Land demonstrates instant film.
** 1948 -- Polaroid introduces Land Camera and instant roll film. Net sales: $2,481,372. Net loss ($865,255).
** 1950 -- Company makes one million rolls of instant film.
** 1963 -- Instant color film introduced.
** 1976 -- Polaroid files suit against Eastman Kodak for patent infringement.
** 1977 -- The OneStep becomes the best-selling camera in the United States - instant or conventional - for more than four years.
** 1980 -- Land steps down as CEO, continues as chairman and assumes new position of consulting director of basic research in Land photography.
** 1984 -- Net sales: $1.3 billion. Net earnings: $26 million. Employees: 13,402.
** 1986 -- Federal appeals court upholds a 1985 decision by district court, ruling that Eastman Kodak violated Polaroid patent rights in its manufacture of instant cameras and film.
** 1988 -- Shamrock Holdings, Inc. begins attempted hostile takeover.
**1989 -- Shamrock Holdings, Inc. agrees to terminate its takeover attempt. Net sales: $1.9 million. Net earnings: $145 million. Employees: 11,441.
** 1991 -- Mac Booth named chairman. Edwin H. Land, Polaroid founder, dies at 81. Suit with Eastman Kodak settled; Kodak pays Polaroid $925 million.
** 1995 -- Gary T. DiCamillo, the first "outsider" to head the company, succeeds retiring chairman and CEO Mac Booth.
** 1998 -- Polaroid introduces more than 25 new products in an attempt to find new markets including 35mm cameras and PopShots single-use film and camera system. Net sales: $1.8 billion. Net loss: $51 million. Employees: 9,274
** 2000 -- DiCamillo unveils strategy to recreate Polaroid as a digital imaging company.
** 2001 -- Polaroid lays out plans to cut 3,000 jobs, about half in Massachusetts. It defaults on more than $26 million in interest payments to bondholders. Stock plunges to pennies per share.
Caption: BACK TO BASICS: Despite its bankruptcy filing, Polaroid, based in Cambridge, said it will continue to make and ship its core instant-film products. AP FILE PHOTO
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
WORLD NEWS - Enron wins court injunction - NEWS DIGEST.
By KHOZEM MERCHANT.
10/13/2001
Financial Times (U.K. edition)
(c) 2001 Financial Times Limited . All Rights Reserved
Enron wins court injunction
Enron, which is poised to pull out of the largest foreign direct investment in India, has won an injunction from a court in London preventing the regional government of Maharashtra from challenging arbitration proceedings launched by the US power company.
Enron's opponents say the court decision, which is confined to appeals in India, significantly reduces legal defences for Maharashtra, where the 2,184MW power plant is located, and is likely to raise the stakes in the Houston-based company's increasingly messy attempt to withdraw from India with full compensation.
Officials at Enron's Indian arm, Dabhol Power, say the legal move was designed to prevent Maharashtra from trying to stall arbitration through endless legal obstacles. This is what has happened between Enron and its sole Indian client, Maharashtra State Electricity Board. Khozem Merchant, Bombay.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
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arnold-j/deleted_items/257.
|
subject: Credit Watch List--Week of 10/15/01
content: Attached is a revised Credit Watch listing for the week of 10/15/01. Please note that Bethlehem Steel Corporation was placed on "NO TRADES". Progas, Inc. and Sanchez Oil & Gas Corporation were placed on "Call Credit".
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Jason R. Williams at x5-3923, Veronica Espinoza at x6-6002 or Darren Vanek at x3-1436.
| ||
arnold-j/deleted_items/258.
|
subject: Enron All-Employee Meeting Notice
content: To: All Enron Employees:
Please join us at an all-employee meeting at 10 a.m. Houston time, Tuesday, October 23, in the Hyatt Regency Houston's Imperial Ballroom. We will review third quarter financial and operating highlights and action steps we're taking based on the results of the Lay It On the Line survey. We welcome your questions. Please send them to Courtney Votaw by e-mail ([email protected]), fax (713-853-6790), or interoffice mail (EB 4704B). We look forward to seeing you there.
Ken, Greg and Mark
Accessing the Meeting via Streaming Video/Audio
If you are a Houston-based employee and can't attend the meeting, or if you are located in London, Calgary, Toronto, Omaha, New York or Portland (ENA), you can access the live event at http://home.enron.com/employeemeeting. Enron Europe employees will receive a follow-up message from their Public Relations team concerning online access to the meeting.
Video Teleconferencing
The meeting will be made available by video teleconference to employees in Sao Paulo, Buenos Aires, Dubai, Rio de Janeiro, Bothell, Wash. and Chicago, IL. If your location would like to participate by video teleconference, please contact Yvonne Francois at (713) 345-8725.
Audio Via Telephone
For those of you who cannot view the live event by video stream or video teleconferencing, you can access the meeting via telephone by dialing the following numbers:
* The host will ask you what call or event you will be connecting to, reply Enron.
United States: (888) 400-7918
International: +1 (952) 556-2844
If you encounter technical difficulties, please contact your IT help desk.
|
All Enron Worldwide@ENRON <??SAll Enron Worldwide@ENRON>
|
|
arnold-j/deleted_items/259.
|
subject: Fwd: TradeSpark Power Cash Products Functional
content: ATTENTION: Intra month cash traders on TRADESPARK
Cash Products for all Power locations will be intermittently brought up
throughout the morning of Monday, October 15th. Beginning Tuesday, October
16th, 100% of the cash products for all power locations will be functional
and available for trading. At this time, PJM is fully functional for all
cash products.
Please make sure you have the subscribed to the desired cash products you
wish to trade.
Regards,
The TradeSpark Team
Contacts for assistance:
TradeSpark Sales
Pam Anderson 713-426-6593
Jeff Linn 713-655-5095
Buck LaPoint 713-655-5005
TradeSpark Help Desk:
713-556-3386
713-556-3322
713-556-3314
713-556-3338
CONFIDENTIAL: This e-mail, including its contents and attachments, if any, are confidential. If you are not the named recipient please notify the sender and immediately delete it. You may not disseminate, distribute, or forward this e-mail message or disclose its contents to anybody else. Copyright and any other intellectual property rights in its contents are the sole property of Tradespark, Inc.
E-mail transmission cannot be guaranteed to be secure or error-free. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version.
Although we routinely screen for viruses, addressees should check this e-mail and any attachments for viruses. We make no representation or warranty as to the absence of viruses in this e-mail or any attachments. Please note that to ensure regulatory compliance and for the protection of our customers and business, we may monitor and read e-mails sent to and from our server(s).
For further important information, please see http://www.tradespark.com/full-disclaimer.html
| ||
arnold-j/deleted_items/26.
|
subject: FW: Enron Europe Organization Announcement- VOLUNTARY LAYOFFS
content: Enron has had a very good year to date and we at Enron Europe have played our part in this. However, if we are to maintain growth levels, we need to focus very closely on our cost base and create more efficiencies in the current round of Enron Corp. budget reviews.
We are analysing much more closely exactly which businesses we derive our earnings from and concentrating our resources on those areas. We will be taking decisions to put some projects on the "back burner"and reduce the scope of others.
This will inevitably mean that we need to reduce our headcount both in commercial and commercial support groups as we seek to identify the best mix of skills to keep us on our earnings growth track. To this end we will be seeking to cut our headcount in Europe by between five and ten percent, but we will aim as far as possible to achieve this through a program of voluntary severance. Details of this program will be made available by Monday 8th October. We hope to complete this exercise and communicate the outcome as quickly as possible in October so that everyone knows where they stand.
Please feel free to contact either of us, but also talk to your supervisor about any specific concerns you may have and remember that you can also make use of the LifeWorks confidential counselling service that is available on 0800 169 1920.
We firmly believe that if we work hard together now to achieve these short term goals, we will create a stronger, more flexible team at Enron which will be better placed than ever to grow our business in Europe.
John Sherriff and Michael Brown
| ||
arnold-j/deleted_items/260.
|
subject: I want my two dollars!
content: Name the movie.
| ||
arnold-j/deleted_items/261.
|
subject: RE: I want my two dollars!
content: ha!ha! aren't you funny. looking.
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:23 AM
To: Allen, Margaret
Subject: RE: I want my two dollars!
What money? I don't know what you're talking about
-----Original Message-----
From: Allen, Margaret
Sent: Monday, October 15, 2001 11:18 AM
To: Arnold, John
Subject: RE: I want my two dollars!
loser. it's 'better off dead' with John Cusack - popular when we were kids. unfortunately you were a dork and didn't play with the other kids your age, so you missed it. great line but means nothing if you haven't seen the movie.
can i come collect my $ from you today? i owe it to the box (it's a long story, i'll tell you later.) MSA
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:15 AM
To: Allen, Margaret
Subject: RE: I want my two dollars!
no clue. not a movie buff.
-----Original Message-----
From: Allen, Margaret
Sent: Monday, October 15, 2001 8:51 AM
To: Arnold, John
Subject: I want my two dollars!
Name the movie.
| ||
arnold-j/deleted_items/262.
|
subject: RE: I want my two dollars!
content: loser. it's 'better off dead' with John Cusack - popular when we were kids. unfortunately you were a dork and didn't play with the other kids your age, so you missed it. great line but means nothing if you haven't seen the movie.
can i come collect my $ from you today? i owe it to the box (it's a long story, i'll tell you later.) MSA
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:15 AM
To: Allen, Margaret
Subject: RE: I want my two dollars!
no clue. not a movie buff.
-----Original Message-----
From: Allen, Margaret
Sent: Monday, October 15, 2001 8:51 AM
To: Arnold, John
Subject: I want my two dollars!
Name the movie.
| ||
arnold-j/deleted_items/263.
|
subject: Economic Development Tool Chest
content: Texas Economic Development - Marketing the Lone Star State
Dear TEDC Member:
Texas Economic Development (TxED) is pleased to introduce three new items to add to your economic development tool chest. The State Comparison Database, Texas Country Information, and NAFTA Center web sites are all designed to assist local economic development efforts. These products and other demographic and economic data can be found on our award-winning Business and Industry Data web site at www.bidc.state.tx.us.
With an ever-increasing emphasis on global trade opportunities and the ability to compete in world markets, information on other countries and our existing relationship with those countries is vital. The Texas Country Information and NAFTA Center web sites are designed to help you easily access important international information.
On a more domestic front, The State Comparison web site shows comparative information on how Texas stacks-up to the other 49 states on over 200 economic and demographic variables.
These new products were developed to complement the wealth of resources provided by Texas Economic Development on our award-winning web site. The attached brochure provides more details on the toolbox of resources currently available on the TxED web site.
As always, if we can assist you with your information needs, please contact the Business and Industry Data Center at 1-800-888-0511 or by e-mail at: [email protected].
Sincerely,
Michael West
Director, Market Texas Clearinghouse
512-936-0292
Texas Economic Development markets Texas for tourism and business.
P.O. Box 12728 ? 1700 North Congress Avenue ? Austin, Texas 78711
This is a news update from the Texas Department of Economic Development.
If you would like your name removed from EconDev Update, reply to this message with the word "Remove" in the subject line.
Thanks for your continued support of the Texas Department of Economic Development, for more information go to our web address at: http://www.txed.state.tx.us
|
undisclosed-recipients:;@ENRON <??Sundisclosed-recipients:;@ENRON>
|
|
arnold-j/deleted_items/264.
|
subject: FW:
content: -----Original Message-----
From: Lavorato, John
Sent: Monday, October 15, 2001 2:48 PM
To: Belden, Tim
Subject:
Although I haven't forebid people from trading on other screens like ICE I have discouraged it. A couple weeks ago, on his own, Presto pulled all their accounts. The 20 trades or so that we are doing on ICE in Power are all coming from Portland. On October 11th, Richter 8, Motley 5, Fischer 3, Crandall 3. The reason we have been successful with EOL is because in November of 99 the whole industry felt like they could pick us off. Sooner or later they were hooked. I don't want us to get hooked on ICE. Please help.
| ||
arnold-j/deleted_items/265.
|
subject: NMW Wants to Welcome You with a Chance to Win!
content: Dear Jennifer:
Customer ID#: 4421625
Label Code: EN01
As a past registrant of National Manufacturing Week, you recently received a postcard in the mail. As a reminder, we want to welcome you to Club NMW -- a community of professionals who understands the importance of coming face to face with the latest innovations in manufacturing.
Registering for the 2002 Show is easier than ever as a Club NMW member.
Click on the following link and enter your Customer ID # above to access your personal registration form. www.clubnmw.com
Do so, and you'll have the opportunity to receive e-mails with chances to win $1,000 and other great prizes each month.
Register now and save the $50 on-site entrance fee. Click www.clubnmw.com .
Sign Up Early for the Best Hotels and Travel Discounts
Registering now means getting the choicest hotel rooms ? lowest rental car and airline fares ? and prime seating at the city's finest restaurants. Visit our Web site, manufacturingweek.com, and click on the tab marked "Travel" for complete information.
Now's the Time to Rally for Manufacturing
We've all been urged to get "back to business." There's no better way to bolster the industry than to join your colleagues at the nation's #1 event for the entire manufacturing community!
Examine products for yourself, question the creators and compare performance.
Discuss business trends and challenges with your peers.
Visit an all-new Career Fair offering unique opportunities to take your career to the next level.
We look forward to welcoming you and your Club NMW colleagues to manufacturing's meeting place? National Manufacturing Week, March 18-21, 2002, McCormick Place, Chicago, IL. Click on www.clubnmw.com to register now!
If you no longer wish to receive email communication from National Manufacturing Week, REC-US or other companies in your industry, please click here http://www.recusprivacy.com and take a moment to provide the information requested.
| ||
arnold-j/deleted_items/266.
|
subject: The Daily Quote
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arnold-j/deleted_items/267.
|
subject: Opus One and more . . .
content: To Place an order . . .
PLEASE CALL 973-376-0005 ask for Order Dept.www.winelibrary.com
or e-mail us at [email protected]
1. #13794 - Opus One 1998 - $117.99 a bottle - On Sale
Limit 2 bottles per customer please!!
Well here it is again,the 1998 Opus One. Not much you can say here, except- keep those verticals going!
2. #15427 - Corzano 1998 "I Tre Borri" Chianti - $30.99 a bottle - (Only $24.79 when you buy a case)
93 Points - Gary Vaynerchuk - Wine Library
This wine comes in 6-pack cases
"This wine could go down as 1 of the top 5 wines I have had this year. I have always been impressed by this winery and the Reserva Chianti is amoung the best ever produced. The Riserva is 100% Sangiovese, from the oldest vines, with the best exposure. Vinfied in barrel, this silky, explosively aromatic Chianti is the best wine Corzano e Paterno has ever produced. Aljosha feels it best represents the wonderful vineyards of Corzano e Paterno. "Gary V - Wine Library Have your own tasting notes? Post your own review of this wine on Wine Library.com!
3. #13554 - Babcock 1999 Black Label Syrah - $54.99 a bottle - (Only $43.99 when you buy a case)
This wine comes in 6-pack cases
This wine is huge in every respect. It really typifies one of Babcock's favorite themes in winemaking-- the integration of amplitude and balance. In contrast to the 1997 Black Label Cuvee, this wine is a little more compact, achieving the same riveting intensity, but at a lower finished alcohol. The result-- a concentrated, teeth-staining wine, with elegance. Parker has now put this wine on the map,and Babcock has taken it to even a higher level with this massive effort ! Have your own tasting notes? Post your own review of this wine on Wine Library.com!
4. #13918 - La Fleur De Bouard 1998 Lalande de Pomerol - $27.99 a bottle - (Only $22.39 when you buy a case)
Featured in last week's Wall Street Journal! Limited Supply Avail!
"An outstanding effort . . . this 98 from Pomerol displays a brilliant nose and a deep, dark color. The fruit just seems to last and last throughout the palate leading you to a tremendously smooth finish. Limited Supply! "Have your own tasting notes? Post your own review of this wine on Wine Library.com!
5. #15875 - Bollini 2000 Pinot Grigio - $8.99 a bottle - (Only $7.19 when you buy a case)
"Clear, yellowish-straw color, with fresh white grape aromas and a distinct floral fruit found typical of Pinot Grigio. Citric acidity and crisp flavors, full-bodied and round, clean and fresh. If you like Santa Margherita you will never drink it again after tasting this wine!"Have your own tasting notes? Post your own review of this wine on Wine Library.com!
6. #16144 - Manzone 2000 Dolcetto D'Alba - $11.99 a bottle - (Only $9.59 when you buy a case)
Manzone is one of Piedmonte's superstars. The 2000 version of this Dolcetto is a very explosive wine and an outstanding value. The dark fruit and complexity on both the finish and the mid-palate is very exciting. If you are looking for a wine to drink with a steak or lamb I couldn't think of a better combo than this. Have your own tasting notes? Post your own review of this wine on Wine Library.com!
7. #11869 - Joel Gott 2000 Zinfandel - $14.99 a bottle - (Only $11.99 when you buy a case)
90 Points - Rob Hunter - Wine Library
This lush fruit driven red explodes on the palate, ripe bright raspberries and subtle cherry flavors come forth right from the beginning. Slight hints of pepper and spice intermingle on the palate. A true pleasure to drink, try this with your holiday meals. This also has a lasting finish that really rounds out this wonderful wine. Have your own tasting notes? Post your own review of this wine on Wine Library.com!
8. #13003 - Cline 1999 California Syrah - $8.79 a bottle - On Sale
Dollar for dollar this may be the best value in the shop ! Cline has always made great wine and this 1999 Syrah is an explosive fruit bomb. If you have been a fan of the Shiraz grape from Australia you will find this to be an amazing wine. Cherry is the dominate flavor in this wine and the finish is almost overwhelming. Don't miss this wine ! Have your own tasting notes? Post your own review of this wine on Wine Library.com!
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arnold-j/deleted_items/268.
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subject: Crossroads
content: [IMAGE]=20
=09[IMAGE]=09[IMAGE]=09=09
[IMAGE] =09[IMAGE] [IMAGE]=09 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [=
IMAGE] [IMAGE] [IMAGE] [IMAGE][IMAGE] =09[IMAGE]=09
[IMAGE]
=09=09[IMAGE]=09=09=09
=09=09[IMAGE]=09=09[IMAGE]=09
[IMAGE] [IMAGE] =09[IMAGE]=09[IMAGE] [IMAGE] ReisCast October 16, 2001 =
Reis - America's Source for Real Estate Investing Welcome to ReisCast, =
our weekly email newsletter. This week's edition highlights are: Crossr=
oads Special Introductory Offer Available Through Reis SE! [IMAGE] =
[IMAGE] 1. Crossroads Tough Times Hit Texas Just nine months ago, Tex=
as real estate seemed on top of the world. With energy prices seemingly on =
an unceasing upward spiral, burgeoning trade with Mexico and its former gov=
ernor ensconced in the White House, the Lone Star State seemed poised to be=
come a stellar performer at the onset of the new century. Yet even before=
the events of 9-11 and the launching of a war in Central Asia, there was g=
rowing concern about the future of President Bush's home state... some of t=
he state's hottest markets, the Dallas Telecom Corridor and Austin, have su=
ffered grievously from the high-tech slowdown. And even in Houston, which r=
emains the strongest of the state's major markets, concerns over oil prices=
and a weakening national economy have dimmed the recent gusher of optimism=
... To get the whole article, go to: http://www.reis.com/learning/insig=
hts_crossroads_art.cfm?art=3D1 [IMAGE] 2. Special Introductory O=
ffer Available Through Reis SE! As a Reis SE user, you've already experie=
nced the power of Reis's revolutionary transaction support info. Now with F=
REE MetroStats and SubmarketStats reports, the power of Reis SE is even str=
onger... For a limited time, Reis SE subscribers and corporate account us=
ers can get FREE MetroStats and SubmarketStats reports with second quarter =
2001 data. With this newest series of reports, available October 18, you'l=
l get secondary market trends -- not available from any other standardized,=
timely source -- for office and apartment markets in our 30 expansion metr=
os. But remember, this offer is limited to Reis SE users and expires wit=
h the release of our third quarter 2001 update in November. So don't delay=
. Download your FREE MetroStats and SubmarketStats reports, per second qua=
rter 2001, this week. Take advantage of this special introductory offer and=
discover how Reis SE is making it even easier to get the latest trends and=
hard-to-gather data on secondary US markets! To become a Reis SE subsc=
riber or corporate account user and get access to the same investment decis=
ion-support information -- and now, great FREE reports -- used by leading r=
eal estate professionals like you, call us today for a Reis SE DEMO at 1(80=
0) 366-REIS, or email us at [email protected] . (Don't forget...beginning thi=
s week, Reis SE users will also be able to get class-cut distinctions for t=
he 50 top US office and apartment markets by purchasing Reis's new MetroTre=
nd Class Cuts and SubTrend Class Cuts reports.) From Wall Street to Main=
Street, our clients rely on Reis for comprehensive and proven transaction =
support. As always, we welcome your comments and suggestions www.reis.com=
. [IMAGE] You are receiving the email because you have subscribed to t=
his list. If you would like to remove yourself from this list, please clic=
k here and you will be removed immediately! Thank you! [IMAGE] [IMAGE] =
[IMAGE] [IMAGE] [IMAGE] ?2001 Reis, Inc. All rights reserved. =09[IM=
AGE]=09[IMAGE] [IMAGE] [IMAGE] =09
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arnold-j/deleted_items/269.
|
subject: Nat Gas intraday update for 10-16-01
content: Attached please find a follow up to today's Natural Gas market analysis.
Thanks,
Bob McKinney
- 10-16-01 Nat Gas intraday update.doc
| ||
arnold-j/deleted_items/27.
|
subject: RE: ENE is a Buy
content: that possibility is slim to none.....
-----Original Message-----
From: Arnold, John
Sent: Thursday, October 04, 2001 9:14 PM
To: Fraser, Jennifer
Subject: RE: ENE is a Buy
depends on the legal outcome. thhere is still a possibility we get all of our money back, although a roe of 0% for 10 years. Still, a better roe than broadband investments
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, October 04, 2001 8:33 AM
To: Arnold, John
Subject: ENE is a Buy
dabhol will be written down before it is sold.
<<00021579.PDF.pdf>>
| ||
arnold-j/deleted_items/270.
|
subject: Monthly DOE Production & Gas Rig Counts
content: Attached please find this months summary of the most recent DOE Natural Gas production data and Baker-Hughes Rig Counts.
Thanks,
Mark
- Sep DOE Nat Gas production.doc
| ||
arnold-j/deleted_items/271.
|
subject: October/November 2001 Bizsites E-zine
content: [IMAGE] a service from Plants Sites & Parks October 16 2001 [IMAGE] =
Welcome to Bizsites Update. This is an HTML e-mail message. If the graphic=
s in this message do not appear, then your e-mail client does not support H=
TML. We recommend changing your e-mail software delivery format to plain te=
xt or upgrading the program you use to read your e-mail. Newsletter Spon=
sor: The Roanoke Valley Click for The Roanoke Valley View The 2001-=
2002 Business Location Sourcebook Now Online! Register Help us impro=
ve Bizsites.com Take our user survey! EXECUTIVE NEWSFLASH U.S. Off=
ice and Plant Deals Kellogg to build distribution centers in Illinois, Ge=
orgia BATTLE CREEK, Mich.-Kellogg Co. is constructing two new distribution=
centers in Minooka, Ill., and Atlanta, Ga., that will total more than 1.9 =
million square feet and are expected to cost more than $90 million. Site wo=
rk has begun on the 1 million-square-foot building in Illinois, which will =
have multiple shipping and receiving docks, automated inventory control sys=
tems and miles of conveyor systems and storage area for breakfast foods. Th=
e Georgia facility, which will also distribute breakfast foods, will be 900=
,000 square feet and is scheduled to begin construction this month. Complet=
ion of both projects is scheduled for 2003. Source: Business Wire, Oct. 11,=
2001 Boise Cascade to open manufacturing plant in Washington ELMA, Wash.-=
Boise Cascade is constructing a $65 million wood-plastic composite manufact=
uring plant in Elma that will employ nearly 200 workers. The facility is be=
ing built on the site of the former Energy Northwest nuclear power plant th=
at shut down in 1996. Four buildings, each approximately 45,000 square feet=
, are being retrofitted to accommodate a process line being relocated from =
Germany. Construction will be completed by May 2002. The plant will turn re=
covered plastic and urban wood waste into home siding and other nonstructur=
al products. Source: Business Wire, Oct. 10, 2001 More stories available i=
n Bizsites Monitor International Office and Plant Deals Candy maker bu=
ilding factory in Mexico LINARES, Mexico-Chicago-based Brach & Brock Confec=
tions Inc. has begun construction on a new $50 million, 350,000-square-foot=
confections plant in Linares, Nuevo Leon, Mexico. The new facility is taki=
ng over Brach's seasonal candy line from its plant in Chicago, which is bei=
ng phased out. Construction is scheduled for completion in August 2003. Sou=
rce: Business Wire, Oct. 15, 2001 Mouse maker points and clicks in Hong =
Kong HONG KONG-Fremont, Calif.-based Logitech, the world's largest mouse ma=
nufacturer, has opened its Asia-Pacific sales and marketing headquarters in=
Hong Kong. "Hong Kong is the best communications bridge between the East a=
nd the West in the region, and Logitech will make use of Hong Kong's compet=
itive advantages in information gathering, telecommunications network, mark=
eting expertise and transportation advancements," says Logitech vice presid=
ent Gavin Wu. As of May 2001, more than 3,000 foreign companies have establ=
ished regional headquarters in Hong Kong. Source: Xinhua Economic News Serv=
ice, Oct. 11, 2001 More stories available in Global Monitor Tax and Fina=
nce of Site Selection Merck subsidiary wins incentives for HQ, plant in No=
rth Carolina DURHAM COUNTY, N.C.-Durham County commissioners have unanimou=
sly approved $2 million in incentives for a $260 million pharmaceutical fac=
ility. It may be the largest single investment in the county's history. Dur=
ham is among four sites that EMD Pharmaceuticals Inc., the North American s=
ubsidiary of Merck KGaA, is considering for a headquarters and manufacturin=
g plant that would employ about 1,200 workers. Company officials say the in=
centive package, to be paid out in a series of reimbursements for job train=
ing and infrastructure improvements, would be a key factor in their decisio=
n. EMD's board is expected to make a final decision near the end of October=
.2122 Source: Associated Press, Oct. 9, 2001 Rolls-Royce seeks FTZ statu=
s for Indianapolis plants INDIANAPOLIS-Rolls-Royce Corp. is asking the fede=
ral government to include three of its Indianapolis factories in the area's=
Foreign Trade Zone (FTZ). The designation would allow the jet engine maker=
to import parts, assemble them and export the products without paying duti=
es, thus lowering its costs. The Rolls-Royce Allison plants are expected to=
cover 3.7 million square feet on 415 acres. The Sept. 10 application to th=
e FTZ Board could be approved by February, says Kent Ebbing, general manage=
r of the Indianapolis zone.2121 Source: The Indianapolis Star, Oct. 9, 2001=
More stories available in Tax and Finance New issue now available on=
line November 2001 October/November Cover COVER STORY - CBD POWER O=
nce again, central business districts are gathering places for people and a=
ssets. Some of the most successful CBDs promote flexible zoning and renovat=
ion of existing properties. [IMAGE]Features Cities Pushing Industrial =
Redevelopment At last count, more than 80,000 acres of urban brownfields a=
cross the United States were available for redevelopment. What's the lowdow=
n on brownfields? Brownfield Incentives Redevelopment projects advance m=
ost quickly when plenty of financial incentives are available. Industry Ou=
tlook: Food processors test their latest recipe for success: a mix of con=
solidation, new products and improved service. [IMAGE]Departments Publ=
isher's Note Insites Breathe-easy buildings l fast factories l high-te=
ch warehouses l Calgary l OSHA inspections In the Numbers Measuring in de=
grees: U.S. college grads Utilities Dealing with blackouts Supply & =
Distribution Secondary locations for hubs? Global Monitor Business proj=
ects abroad Global Market Assessing risk in emerging markets Import/=
Export Middle East & Africa: Business challenges abound Bizsites Monitor=
Top 25 U.S. business projects, based on new jobs Work Place Technology=
Work force training incentives exist in nearly every state. [IMAGE]Sta=
te & Regional Reviews West North Central Business climate reflects pract=
ical, real-world strengths.Kansas ;Minnesota ;Nebraska ;Iowa ;North Dakota =
;South Dakota ;Missouri West South Central Economic EvolutionTexas ;Lou=
isiana ;Oklahoma ;Arkansas [IMAGE]WTC WebXtras From the October/Novemb=
er 2001 Issue of PS&PWhat Lies Ahead? From the October/November 2001 Issu=
e of PS&PSite Security: One part of a business continuity plan Building =
Security Becomes Top Concern New Data Security Trends Emerge in the WTC A=
ftermath Replacing Space in Downtown Manhattan [IMAGE]Bizsites WebXtr=
as Biotech companies are finding a development space bonanza in central Ma=
ssachusetts. See Biotech Boom West of Boston Looking for a competitive e=
dge? Consider the inner city-no longer viewed as a dark, dismal location. S=
ee Inner City Revival [IMAGE]Bizsites Updates The Senate approves new =
safety standards for Mexican trucks crossing the U.S. border. See Senate O=
Ks Tougher Rules for Mexican Trucks A glut of telecom space remains afte=
r demand dies. See Telecom Space Stands Empty [IMAGE]Bizsites Spotlight =
Take a look at the economic benefits of synthetic-lease transactions. See=
Saving Costs with Synthetic Leases Brownfields are no longer "pariahs o=
f the real estate market." See Blue Skies for Brownfields Improved transp=
ortation and communications infrastructure is benefiting warehouse operati=
ons in Mexico. See Warehouse Expansion in Mexico If you'd like to un=
subscribe or change your e-mail delivery format, click here , enter your e=
-mail address and select "HTML or Text". Copyright 2001 Cahners Business =
Information . All rights reserved. =09
| ||
arnold-j/deleted_items/272.
|
subject: ALL daily chars and matrices as hot links 10/16
content: 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. ? 2001 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/crude28.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas28.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil28.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded28.pdf
Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG28.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG28.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL28.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/273.
|
subject: Nat Gas market analysis for 10-16-01
content: Attached please find the Natural Gas market analysis for today.
Thanks,
Bob McKinney
- 10-16-01 Nat Gas.doc
| ||
arnold-j/deleted_items/274.
|
subject: Win A 2002 Porsche Boxster!!!!!
content: [IMAGE] =09
[IMAGE] [IMAGE] [IMAGE] Dear John, No, you're not dreaming. buy.com=
really has the "Lowest Prices on Earth!" We've reduced prices dramatically=
in all of our departments. For the best deals on computers, software, elec=
tronics and much more, go directly to buy.com! As always, we thank you f=
or choosing buy.com. Sincerely, Robert R. Price President, buy.com [=
IMAGE] [IMAGE] [IMAGE] Linksys 11Mbps Wireless PC Card $79.95 [IMAGE]=
more info SAVE 58%! [IMAGE] Palm M125 Handheld Organizer $244.95 [IMAGE]=
more info FREE SHIPPING! [IMAGE] LG Electronics 19" Monitor $199.95 [IMA=
GE]more info [IMAGE] Nikon CoolPix 995 $738.00 [IMAGE]more info $100 m=
ail-in rebate [IMAGE] Microsoft Windows XP Pro Upgrade $199.00 [IMAGE]m=
ore info PRE-ORDER TODAY! [IMAGE] Symantec Norton Ghost 2002 $52.95 [IMA=
GE]more info $20 REBATE OFFER! [IMAGE] Sampo DVD/MP3 Player with CF Card =
Reader $229.99 [IMAGE]more info $50 REBATE OFFER! [IMAGE] JBL Cinema Pro=
Pack 600 8-Piece Home Cinema System $999.95 [IMAGE]more info FREE SHIPPIN=
G! [IMAGE] In addition to computer and software products, buy.com al=
so offers top-of-the-line electronics , best-selling books , videos , music=
and much more. [IMAGE] - I would like to unsubscribe to this eMail - I w=
ould like to visit buy.com now - I would like to view my account - I woul=
d like to contact customer support All prices and product availability=
subject to change without notice. Unless noted, prices do not include ship=
ping and applicable sales taxes. Product quantities limited. Savings per=
centage refers to manufacturer's suggested retail price, which may be diff=
erent than actual selling prices in your area. Please visit us at buy.com =
or the links above for more information including latest pricing, availabil=
ity, and restrictions on each offer. "buy.com" and "Lowest Prices on Earth"=
are trademarks of BUY.COM Inc. ? BUY.COM Inc. 2001. All rights reserved. =
=09
[IMAGE]
| ||
arnold-j/deleted_items/275.
|
subject: Reds Wines for Fall from winebid.com
content: Winebid.com's current auction is underway and there are still hot buys on
wines that so far have no bids. Our current auction includes a special
auction of California Cabernet Sauvignon. The auction begins closing Sunday,
Oct. 21, at 9 p.m. US Eastern Time.
Take a look:
Opus One 1990, $110, 93 points from Robert M. Parker Jr.:
http://www.winebid.com/os/itemhtml/ht709515.shtml?709515
Phelps Insignia 1996, magnum, $180, 93 points from Wine Spectator:
http://www.winebid.com/os/itemhtml/ht709564.shtml?709564
Silver Oak Napa Valley 1995, magnum, $180, 95 points from Parker:
http://www.winebid.com/os/itemhtml/ht709672.shtml?709672
Penfolds Grange (Hermitage) 1989, $150, 96 points from Wine Spectator:
http://www.winebid.com/os/itemhtml/ht712482.shtml?712482
Stag's Leap Wine Cellars Fay Vineyard 1997, $95, 93 points from Wine
Spectator: http://www.winebid.com/os/itemhtml/ht709690.shtml?709690
Araujo Estate Eisele Vineyard 1994, $220, 96 points from Wine Spectator:
http://www.winebid.com/os/itemhtml/ht709167.shtml?709167
If you click on a link in this email and it doesn't open properly in your
browser, try copying and pasting the link directly into your browser's
address or location field.
Forget your password?:
http://www.winebid.com/os/send_password.shtml
To be removed from the mailing list, click here:
http://www.winebid.com/os/mailing_list.shtml
Be sure to visit the updates page for policy changes:
http://www.winebid.com/about_winebid/update.shtml
| ||
arnold-j/deleted_items/276.
|
subject: OnePass Member continental.com Specials for john arnold
content: continental.com Specials for john arnold
Tuesday, October 16, 2001
****************************************
LATIN AMERICA & EUROPE FARE SALE
Let Continental take you to exciting destinations in Latin America and Europe for some of our lowest fares of the season.
Hurry, you must purchase your tickets at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EU
by October 17, 2001.
OUT WITH PAPER - AND IN WITH BONUS MILES
Earn 1,000 OnePass miles by signing up to receive your OnePass statements online. You'll have one less folder in your filing cabinet and 1,000 more bonus miles in your account.
Visit:
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EV
and tap into all the advantages of online statements.
****************************************
TABLE OF CONTENTS
1. This Week's Destinations
2. Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, The Luxury Collection and W Hotels
3. Hilton Hotel Offers
4. Alamo Rent A Car Offers
5. National Car Rental Offers
****************************************
1. THIS WEEK'S DESTINATIONS
Depart Saturday, October 20 and return on either Monday, October 22 or Tuesday, October 23, 2001. Please see the Terms and Conditions listed at the end of this e-mail.
For OnePass members, here are special opportunities to redeem miles for travel to the following destinations. As an additional benefit, OnePass Elite members can travel using the miles below as the only payment necessary. The following are this week's OnePass continental.com Specials.
To use your OnePass miles (as listed below) to purchase continental.com Specials, you must call 1-800-642-1617.
THERE WILL NOT BE AN ADDITIONAL $20 CHARGE WHEN REDEEMING ONEPASS MILES FOR CONTINENTAL.COM SPECIALS THROUGH THE TOLL FREE RESERVATIONS NUMBER.
If you are not using your OnePass miles, purchase continental.com Specials online until 11:59pm (CST) Friday at
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EW
You can also purchase continental.com Specials for an additional cost of $20 per ticket through our telephone service at 1-800-642-1617.
****************************************
TRAVEL MAY ORIGINATE IN EITHER CITY
****************************************
****Roundtrip BETWEEN CLEVELAND, OH and:
$29 + 12,500 Miles or $129 - Milwaukee, WI
****Roundtrip BETWEEN HOUSTON, TX and:
$29 + 10,000 Miles or $109 - Alexandria, LA
$29 + 12,500 Miles or $129 - El Paso, TX
$29 + 12,500 Miles or $119 - Midland/Odessa, TX
$29 + 15,000 Miles or $149 - New York (LaGuardia only)
$29 + 12,500 Miles or $129 - Pensacola, FL
****Roundtrip BETWEEN NEW YORK/NEWARK and:
$29 + 15,000 Miles or $149 - Greenville/Spartanburg, SC
$29 + 12,500 Miles or $129 - Norfolk, VA
$29 + 10,000 Miles or $109 - Providence, RI
****************************************
2. CONTINENTAL.COM SPECIALS LAST-MINUTE WEEKEND RATES FROM WESTIN HOTELS & RESORTS, SHERATON HOTELS & RESORTS, FOUR POINTS BY SHERATON, ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS
Visit our site for booking these and other Last-Minute Weekend Rates for this weekend October 19 - October 23, 2001.
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EX
--------------------------------------
Connecticut - Stamford - The Westin Stamford - $84.00
Connecticut - Stamford - Sheraton Stamford Hotel - $77.00
Massachusetts - Boston - Sheraton Boston Hotel - $159.00
Massachusetts - Needham - Sheraton Needham Hotel - $113.00
New Jersey - East Rutherford - Sheraton Meadowlands Hotel and Conference Center - $99.00
New Jersey - Elizabeth - Four Points by Sheraton Newark Airport - $77.00
New Jersey - Iselin - Sheraton at Woodbridge Place Hotel - $71.00
New Jersey - Parsippany - Sheraton Parsippany Hotel - $70.00
New Jersey - Piscataway - Four Points by Sheraton Somerset/Piscataway - $65.00
New Jersey - Weehawken - Sheraton Suites on the Hudson - $109.00
New York - New York City - Sheraton Russell Hotel - $179.00
New York - New York City - Sheraton New York Hotel and Towers - $169.00
New York - New York City - Essex House - A Westin Hotel - $228.00
Ohio - Cuyahoga Falls - Sheraton Suites Akron/Cuyahoga Falls - $99.00
Ohio - Independence - Four Points by Sheraton Cleveland South - $65.00
Rhode Island - Providence - The Westin Providence - $136.00
Rhode Island - Warwick - Sheraton Providence Airport Hotel - $89.00
Texas - Houston - Sheraton Houston Brookhollow Hotel - $45.00
Texas - Houston - The Westin Galleria Houston - $64.00
Texas - Houston - The Westin Oaks - $70.00
Texas - Houston - Sheraton Suites Houston Near The Galleria - $71.00
Wisconsin - Brookfield - Sheraton Milwaukee Brookfield Hotel - $49.00
For complete details on these offers, please refer to the terms and conditions below.
****************************************
3. CONTINENTAL.COM SPECIALS FROM HILTON HOTELS AND RESORTS
The following rates are available October 20 - October 22, 2001 and are priced per night.
--------------------------------------
Cleveland, OH - Hilton Cleveland East/Beachwood, Beachwood, OH. - $109
Houston, TX - Hilton Houston Westchase and Towers - $149
Houston, TX - Hilton Houston Hobby Airport - $109
Houston, TX - Hilton Houston Southwest - $99
Houston, TX - Doubletree Guest Suites Houston - $179
Midland, TX - Hilton Midland and Towers - $79
New York, NY & Newark, NJ - Doubletree Club Norwalk, Norwalk, CT. - $119
New York, NY & Newark, NJ - Hilton Hasbrouck Heights, Hasbrouck Heights, NJ. - $149
New York, NY & Newark, NJ - The Waldorf Astoria, New York, NY. - $219
New York, NY & Newark, NJ - The Waldorf Towers(TM), New York, NY. - $339
New York, NY & Newark, NJ - Hilton New York, New York, NY. - $179
New York, NY & Newark, NJ - Doubletree Club Suites Jersey City, Jersey City, NJ. - $129
To book this week's special rates for Hilton Family Hotels, visit and book at
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EY
Special rates apply only for the dates listed at each hotel and are subject to availability. Check hilton.com for specific dates at each Hilton Family Hotel. Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these rates.
********************************
4. CONTINENTAL.COM SPECIALS FROM ALAMO RENT A CAR
Rates listed below are valid on compact class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, October 20 with returns Monday, October 22 or Tuesday, October 23, 2001.
-------------------------------
$26 a day in: Newark, NJ (EWR)
$18 a day in: Houston, TX (IAH)
$26 a day in: Providence, RI (PVD)
$26 a day in: Cleveland, OH (CLE)
$26 a day in: Pensacola, FL (PNS)
$18 a day in: Milwaukee, WI (MKE)
To receive special continental.com Specials discounted rates, simply make advance reservations and be sure to request ID # 596871 and Rate Code 33. Book your reservation online at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EZ
or contact Alamo at 1-800 GO ALAMO.
*If you are traveling to a city or a different date that is not listed, Alamo offers great rates when you book online at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EA
For complete details on these offers, please refer to Alamo's terms and conditions below.
****************************************
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------------------------------------------
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http://continentalairlines.rsc01.net/servlet/cc?JHDUTAEqHkghsKFLJmDLgkhgDJhtE0EB
Please enter COOLUS in the Product Rate Code field, and 5037126 in the Contract ID field to ensure you get these rates on these dates.
* If you are traveling to a city or a different date that is not listed, National offers great rates when you book online at:
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For complete details on these offers, please refer to National's terms and conditions below.
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CONTINENTAL.COM SPECIALS RULES:
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NATIONAL CAR RENTAL TERMS AND CONDITIONS:
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TERMS AND CONDITIONS FOR WESTIN, SHERATON, FOUR POINTS,
ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS:
Offer is subject to availability. Advance Reservations required and is based on single/double occupancy. Offer not applicable to group travel. Additional Service charge and tax may apply. The discount is reflected in the rate quoted. Offer valid at participating hotel only. Offer valid for stays on Fri - Mon with a Friday or Saturday night arrival required. Rate available for this coming weekend only. Offer available only by making reservations via the internet. A limited number of rooms may be available at these rates.
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arnold-j/deleted_items/277.
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subject: TRV Notification: (NG - Price P/L - 10/15/2001)
content: The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y¤t_efct_date=10/15/2001>, published as of 10/15/2001 is now available for viewing on the website.
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arnold-j/deleted_items/278.
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subject: TRV Notification: (NG - PROPT P/L - 10/15/2001)
content: The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y¤t_efct_date=10/15/2001>, published as of 10/15/2001 is now available for viewing on the website.
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arnold-j/deleted_items/279.
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subject: We Need News!
content: LAST CALL for BUSINESS HIGHLIGHTS AND NEWS for this week's EnTouch
Newsletter.
Please submit your news by noon Wednesday.
Thanks!
Kathie Grabstald
x 3-9610
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arnold-j/deleted_items/280.
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subject: Questionable Mail/Suspicious Packages
content: The potential use of biological agents such as Anthrax in a terrorist attack continues to raise concerns worldwide. Here at Enron, the mail center and Business Controls/Corporate Security have already implemented safeguards so that all mail entering the Enron buildings will be screened in accordance with procedures for identifying suspicious packages. We are also in touch with the U.S. Postal Service and the Centers for Disease Control to ensure we have the most complete and up-to-date guidance for handling any possible Anthrax exposures.
However, should you receive an envelope or package that you do not feel comfortable opening, please contact Corporate Security at extension 3-6200 and we will screen it again.
To provide Enron employees with a better understanding of Anthrax and the potential danger it poses, we have posted a bulletin on the Corporate Security intranet site http://home.enron.com:84/security/002_bull_001.html that includes links to the CDC and USPS resources.
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All Enron Houston@ENRON <??SAll Enron Houston@ENRON>
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arnold-j/deleted_items/281.
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subject: Enron Mentions
content: USA: UPDATE 1-Energy casts some light in gloomy profit season.
Reuters English News Service, 10/16/01
USA: Energy permits some light in gloomy profit season.
Reuters English News Service, 10/16/01
USA: INTERVIEW-Enron says may partner or sell broadband business.
Reuters English News Service, 10/16/01
USA: UPDATE 6-Enron posts loss after taking $1 bln in charges.
Reuters English News Service, 10/16/01
Enron Has Third-Quarter Loss After Expansion Fails (Update9)
Bloomberg, 10/16/01
USA: UPDATE 1-Energy casts some light in gloomy profit season.
By Per Jebsen
10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 16 (Reuters) - Energy and mining companies have provided a few glimmers of light but otherwise third-quarter results on Monday and Tuesday are helping to fulfill expectations for the worst quarter in 10 years.
Technology bellwethers Intel Corp. and International Business Machines Corp. , which reported sharply lower profits, did little to buck the downward trend.
FirstEnergy Corp. , an owner of electric utilities in northern Ohio and western Pennsylvania, on Tuesday reported a better-than-expected 18 percent increase in earnings, citing increased electricity sales and lower costs. Mining company Freeport-McMoRan Copper & Gold Inc. reported a third-quarter profit that reversed a year-earlier loss, due to higher gold production.
Yet such good news is proving more the exception than the rule. Top chipmaker Intel said on Tuesday after the close of exchanges that profits tumbled 77 percent as it suffered from slowing global economies and weak personal computer sales. PC maker IBM announced its first quarterly earnings decline since the end of 1999 as weak sales continued to weigh on profits.
Energy giant Enron Corp. posted a quarterly loss after taking $1.01 billion in charges. Companies from a range of industries reported profit shortfalls, including Caterpillar Inc. , the world's largest maker of construction equipment, and Unisys Corp. , a computer company.
"The earnings season is one that the market has digested and in some cases predigested as being just ugly, and therefore horrible or ugly results are not met with surprise at this point," said Michael Holland, who runs the $65 million Holland Balanced Fund.
FOCUS NOT ON EARNINGS
"The focus (for investors) has been and continues to be outside of earnings, that is, the war on terrorism specifically," he said.
Dynegy Inc. , a natural gas and power marketer and trader, on Monday said third-quarter earnings rose 62 percent as its backbone wholesale energy business nearly doubled its returns. While Enron posted a loss, it reported that its profit excluding charges rose 35 percent due to strong performance in its core energy business.
"Energy companies manage to earn pretty good money even when prices are down," said Jon Burnham, portfolio manager for the $170 million Burnham Fund. "These are good, well-financed companies."
Caterpillar helped to lead a litany of earnings woes. The Peoria, Illinois-based company on Tuesday said its third-quarter earnings fell 5 percent because of higher expenses and less efficient manufacturing.
The company also said it expects fourth-quarter revenues to be down slightly from the year-ago quarter, with full-year profit down 10 percent to 15 percent. It blamed economic uncertainty in the wake of last month's attacks for the expected shortfall, but added that 2002 sales will be at least flat to up slightly from 2001 levels.
Unisys on Monday reported its third-quarter profits plunged by 50 percent due to weakening demand for high-end server computers and systems integration work. It said it would cut 3,000 jobs and slashed its fourth-quarter outlook.
TAKING GRIM TIDINGS IN STRIDE
Other companies that have reported profit drops include Novellus Systems Inc. , a maker of semiconductor production equipment, and Charles Schwab Corp. , the top U.S. discount brokerage. Schwab said Tuesday that quarterly earnings fell 51 percent as customers avoided stocks all summer, although a surge in September trading pointed to better times ahead.
Money managers are taking the grim profit tidings in stride.
"Most of these earnings situations are in these stocks," said Burnham. "Barring unforeseens in the national and international situation, the market should work its way higher over the next 6 to 9 months."
"Whatever earnings are in this quarter isn't going to matter too much, except in cases where they're considerably better than expected or worse," he said.
This week is the busiest for earnings with 15 Dow Jones industrial average and 180 Standard & Poor's 500 Index companies scheduled to report.
Profits for the companies in the index are expected to shrink by 22.8 percent, according to market research firm First Call/Thomson Financial, making it the worst quarter since the second quarter of 1991. That's down from an expected 6.2 percent decline at the beginning of the quarter, and a 14.7 percent drop expected on Sept. 10, said First Call analyst Joe Cooper.
Some 85 S&P 500 companies so far have reported quarterly results. Of these, 50 companies have beaten the most recent, often lowered Wall Street expectations while 26 have matched and nine have missed forecasts.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Energy permits some light in gloomy profit season.
By Per Jebsen
10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 16 (Reuters) - Energy and mining companies provided a few glimmers of light but otherwise third-quarter results on Monday and Tuesday are helping to fulfill expectations for the worst quarter in 10 years.
FirstEnergy Corp., an owner of electric utilities in northern Ohio and western Pennsylvania, on Tuesday reported a better-than-expected 18 percent increase in earnings, citing increased electricity sales and lower costs. Mining company Freeport-McMoRan Copper & Gold Inc. reported a third-quarter profit that reversed a year-earlier loss, due to higher gold production.
Yet such good news is proving more the exception than the rule. Energy giant Enron Corp..ENE) posted a quarterly loss after taking $1.01 billion in charges. Companies from a range of industries reported profit shortfalls, including Caterpillar Inc., the world's largest maker of construction equipment, and Unisys Corp., a computer company.
"The earnings season is one that the market has digested and in some cases predigested as being just ugly, and therefore horrible or ugly results are not met with surprise at this point," said Michael Holland, who runs the $65 million Holland Balanced Fund.
"The focus (for investors) has been and continues to be outside of earnings, that is, the war on terrorism specifically," he said.
Investors are likely to pay attention to the earnings reports from tech bellwethers International Business Machines Corp., a computer maker, and chipmaker Intel Corp.. These are scheduled to be released on Tuesday after the close of trading.
Dynegy Inc., a natural gas and power marketer and trader, on Monday said third-quarter earnings rose 62 percent as its backbone wholesale energy business nearly doubled its returns. While Enron posted a loss, it reported that its profit excluding charges rose 35 percent due to strong performance in its core energy business.
"Energy companies manage to earn pretty good money even when prices are down," said Jon Burnham, portfolio manager for the $170 million Burnham Fund. "These are good, well-financed companies."
Caterpillar helped to lead a litany of earnings woes. The Peoria, Illinois-based company on Tuesday said its third-quarter earnings fell 5 percent because of higher expenses and less efficient manufacturing.
The company also said it expects fourth-quarter revenues to be down slightly from the year-ago quarter, with full-year profit down 10 percent to 15 percent. It blamed economic uncertainty in the wake of last month's attacks for the expected shortfall, but added that 2002 sales will be at least flat to up slightly from 2001 levels.
Unisys on Monday reported its third-quarter profits plunged by 50 percent due to weakening demand for high-end server computers and systems integration work. It said it would cut 3,000 jobs and slashed its fourth-quarter outlook.
Other companies that have reported profit drops include Novellus Systems Inc., a maker of semiconductor production equipment, and Charles Schwab Corp., the top U.S. discount brokerage. Schwab said Tuesday that quarterly earnings fell 51 percent as customers avoided stocks all summer, although a surge in September trading pointed to better times ahead.
Money managers are taking the grim profit tidings in stride.
"Most of these earnings situations are in these stocks," said Burnham. "Barring unforeseens in the national and international situation, the market should work its way higher over the next 6 to 9 months."
"Whatever earnings are in this quarter isn't going to matter too much, except in cases where they're considerably better than expected or worse," he said.
This week is the busiest for earnings with 15 Dow Jones industrial average and 180 Standard & Poor's 500 Index .SPX) companies scheduled to report.
Profits for the companies in the index are expected to shrink by 22.8 percent, according to market research firm First Call/Thomson Financial, making it the worst quarter since the second quarter of 1991. That's down from an expected 6.2 percent decline at the beginning of the quarter, and a 14.7 percent drop expected on Sept. 10, said First Call analyst Joe Cooper.
Some 85 S&P 500 companies so far have reported quarterly results. Of these, 50 companies have beaten the most recent, often lowered Wall Street expectations while 26 have matched and nine have missed forecasts.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: INTERVIEW-Enron says may partner or sell broadband business.
10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, Oct 16 (Reuters) - Energy giant Enron Corp. said on Tuesday it is reviewing strategic options for its loss-making broadband telecommunications business, which could involve selling the business or finding a partner.
"In addition to us looking at our business on a standalone business, we clearly have entertained some discussions on other possibilities," Chief Executive Officer Ken Lay told Reuters in a telephone interview.
Earlier on Tuesday, Enron reported that one-time charges of $1.01 billion for broadband and other businesses outside its core energy operations pushed the company to a third-quarter net loss of $638 million, its first quarterly loss in more than four years.
Future options for the broadband business include "sale, partnership, all kinds of possibilities" he said.
"We still think over time that it will be a valuable business," Lay said, but for now the broadband market is in a "total meltdown", he added.
Enron's broadband unit, which owns an 18,000 mile network, posted a loss of $80 million for the third quarter, but Lay said losses should be smaller in subsequent quarters.
Enron launched its broadband business last year, predicting that network capacity would one day be traded like natural gas or electricity, but it has recently admitted that it overestimated the market's early potential and has scaled down its operations.
Enron's stock rose by 87 percent last year, driven by enthusiasm for the broadband plans and the success of the EnronOnline Internet energy and commodity trading platform.
But the stock has fallen some 59 percent so far this year as sentiment toward the broadband project soured, CEO Jeff Skilling resigned after only six months in the job and wrangling continued over Enron's stalled Dabhol power plan project in India.
Enron shares on Tuesday closed up 67 cents, or 2.02 percent, at $33.84.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 6-Enron posts loss after taking $1 bln in charges.
By C. Bryson Hull
10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.
WASHINGTON, Oct 16 (Reuters) - Enron Corp. on Tuesday reported its first loss in more than four years after taking $1.01 billion in charges on ill-fated investments, including water and telecommunications services, which it said have clouded the strength of its core energy businesses.
Enron, North America's biggest marketer and trader of natural gas and power, said the charges were an attempt to put its house in order after a tumultuous year in which a new chief executive suddenly resigned and the company's stock lost two-thirds of its value as once enthusiastic investors lost faith in the company.
"What we've tried to do here is clean up anything that we thought needed cleaning up to get these distractions out of the way," Chief Executive Officer Ken Lay said in a conference call.
Lay reassumed the CEO mantle at Enron after his successor, Jeff Skilling, resigned in August after only six months at the helm.
Houston-based Enron reported a third-quarter net loss of $638 million, or 84 cents a share, compared with net income of $271 million, or 34 cents a share, in the same period of 2000. It was Enron's first loss since the second quarter of 1997.
The charges covered the company's loss-making broadband telecommunications business, its troubled water affiliate Azurix, and New Power Co., Enron's retail electricity joint-venture with AOL/Time Warner and IBM.
Commerzbank Securities analyst Andre Meade said it would probably take Enron a few more quarters to rebuild confidence in the company which was a Wall Street favorite just 12 months ago.
"They do a couple of things very well and if they stick to their knitting, they're a solid company, but they have stumbled when they strayed further afield," said Meade.
Enron's stock closed 67 cents higher at $33.84 on Tuesday, but for the year it is down about 59 percent, underperforming the Standard & Poor's utilities index .SPU), which has fallen some 23 percent over the same period.
ILL-FATED BUSINESSES
Originally a natural gas pipeline operator, Enron seized on opportunities created by the deregulation of U.S. energy markets to become the nation's dominant wholesale marketer and trader of natural gas and electricity.
The company moved into the water services business in 1998 by acquiring Britain's Wessex Water and forming Azurix, a unit which Enron took public in 1999 but had to buy back this year after it failed to meet performance targets and its stock price tumbled.
Enron helped set up New Power Co. and take it public last year but its stock has since fallen from about $28 per share to less than $2 as companies have found it hard to make a profit in deregulated U.S. residential electricity markets.
Enron also launched a broadband telecommunications business last year, predicting that network capacity would one day be traded like natural gas or electricity, but it has recently admitted that it overestimated the market's early potential.
Enron's stock soared past sector peers last year when it posted a gain of 87 percent, driven by enthusiasm for the broadband plans and the success of its EnronOnline Internet energy and commodity trading platform.
But the stock has fallen sharply this year as broadband sentiment soured, Skilling resigned and wrangling continued over Enron's stalled Dabhol power plan project in India.
Enron's third-quarter earnings before one-time charges rose to $393 million, or 43 cents a share, from $292 million, or 34 cents a share, meeting analysts' expectations of 42 to 45 cents a share, according to Thomson Financial/First Call.
The company reaffirmed its previously stated earnings targets of 45 cents a share for the fourth quarter, $1.80 for all of 2001 and $2.15 for all of 2002.
DEBT ON CREDIT REVIEW
Rating agency Moody's Investors Service on Tuesday said it had placed all of Enron's long-term debt obligations on review for a possible downgrade. The writedowns would reduce Enron's equity base, increase its nominal financial leverage and materially impact its earnings, Moody's said.
Enron's third-quarter earnings report showed that income at its wholesale marketing and trading division, the company's backbone moneymaker, grew 28 percent.
The division, which deals primarily in electricity and natural gas, saw pretax income rise to $754 million from $589 million in the third quarter of 2000.
All of the income growth in the segment came from Enron's gas and power trading and marketing operations in the Americas, where income grew to $701 million from $536 million last year.
The European segment, which includes gas and power operations there and other commodity sales like metals, coal and crude oil, remained flat at $53 million amid lower volatility.
The latest earnings report marked the first time that Enron has provided a financial breakdown of the European and Americas wholesale operations.
In doing so, Lay delivered on a promise he made after Skilling's departure: that he would make Enron's financial reporting more transparent. Many analysts and investors had grumbled about a lack of clarity from Enron.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Has Third-Quarter Loss After Expansion Fails (Update9)
2001-10-16 16:29 (New York)
Enron Has Third-Quarter Loss After Expansion Fails (Update9)
(Adds in sixth paragraph that losses are equal to 70 percent
of Enron's profits over the last four quarters. Closes shares.)
Houston, Oct. 16 (Bloomberg) -- Enron Corp., the largest
energy trader, had a $618 million loss in the third quarter after
expansion into water, telecommunications and retail-energy sales
cost the company $1.01 billion.
The loss was 84 cents a share after payment of preferred
dividends, Enron said. Net income a year earlier was $292 million,
or 34 cents. Revenue rose 59 percent to $47.6 billion.
Investors have sent Enron stock down 60 percent this year on
concern about investments outside energy trading and natural-gas
pipelines. Some investors praised Kenneth Lay, Enron's chairman
and chief executive officer, for acknowledging the failure of the
new businesses. Others said they're not confident all the bad news
is out.
``What is disconcerting is that they didn't do this sooner,''
said Donald Coxe, manager of the $352 million Harris Insight
Equity Fund. ``If you kill one cockroach in the kitchen, it
doesn't mean there aren't more.''
Investors have questioned Enron's financial reporting in the
past year, especially after Jeffrey Skilling's resignation as CEO
in August. Skilling, who helped Lay transform Enron from a gas-
pipeline company into the top competitor in energy trading, said
he left for personal reasons. Investors said they weren't
confident Enron was detailing all its problems.
Failed Businesses
The $1.01 billion in losses, which total $1.11 a share, are
equal to 70 percent of Enron's $1.45 billion in profits over the
past four quarters.
Included were $544 million for losses on investments in New
Power Co., a venture formed with AOL Time Warner Inc. and
International Business Machines Corp. New Power competes for
energy sales in states that allow consumers to choose power and
gas suppliers as they do long-distance phone companies.
The $544 million also includes losses from the Enron unit
that trades space, known as bandwidth, on fiber-optic networks, as
well as for the ``early termination of certain structured finance
arrangements'' with an undisclosed ``entity.'' Enron wouldn't be
more specific.
Enron said restructuring the fiber-optic unit would cost
another $180 million, including severance pay to 500 fired
workers. The business collapsed this year along with the fortunes
of the dot-com companies that were expected to be some off its
biggest customers.
The declining value of assets owned by Azurix Corp., its
water and sewage treatment business, will cost $287 million, Enron
said.
Enron might take a first-quarter ``adjustment'' of less than
$200 million because of accounting changes related to goodwill,
Lay said in an interview. ``If we thought there were any other
significant concerns, we would have taken care of them today,''
Lay said.
Excluding Losses
Minus the losses, Enron would have earned $393 million, or 43
cents a share, up 35 percent from the year-earlier period. That
matched the average estimate of analysts surveyed by Thomson
Financial/First Call.
Enron has averaged quarterly profit increases of 31 percent
for the past year. Its wholesale services business, which includes
energy trading, had income before interest, minority interests and
taxes of $754 million, up 28 percent from a year earlier.
Shares of Enron rose 67 cents to $33.84. Earlier, the stock
had risen as much as 5.2 percent to $34.90.
``There's a sigh of relief that Enron's core businesses, its
energy merchant businesses, are OK,'' said Roger Hamilton, who
helps manage John Hancock's Value funds, which own 600,000 shares.
Enron said it still expects to earn 45 cents a share in the
fourth quarter, $1.80 for the full year and $2.15 in 2002.
`Ridiculous Investments'
At one time, Enron pinned high hopes on the businesses that
contributed to the $1.01 billion in losses.
Enron spent $2.8 billion in 1998 for the U.K.'s Wessex Water,
from which Azurix emerged. Enron sold shares to the public in
1999, and then bought back the company this year after Azurix
failed in its strategy of buying up water companies and winning
large projects. In August, Enron agreed to sell Azurix's North
American business to American Water Works Inc. for $150 million.
In February 2000, Lay said trading bandwidth could become the
company's fastest-growing business. In the latest quarter, the
bandwidth unit's loss before interest, minority interests and
taxes widened to $80 million from $20 million a year earlier.
Revenue plunged to $4 million from $162 million.
``You can make the case that Jeff Skilling leaving was for
the best,'' John Hancock's Hamilton said. ``Under him, they built
the best trading operation while also making all these ridiculous
investments.''
While admitting its poor choices, Enron also supplied more
information this quarter about how it makes money. The company
gave results of individual commodity-trading desks, including
coal, forest products and steel.
``I liked that they broke out the different commodities,''
Hamilton said. ``I think Lay has gotten the message loud and
clear, and that the effort is there.''
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arnold-j/deleted_items/282.
|
subject: Marc Findsen
content: John,
I've spoken with Mark and I have received his resume. Before I bring him in I just wanted to confirm that he is to interview with Crude and Products originators as well as one trader. Please advise.
Thanks,
Johnny
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arnold-j/deleted_items/283.
|
subject: REMINDER: ENA Trading Track Dinner - TONIGHT!
content: Below are the details to the ENA Trading Track Dinner
When: Tuesday, October 16, 2001
Location: Grappino's Wine Room - above Nino's Restaurant
2817 West Dallas
713-522-5120
Time: 6:00 p.m. Mix & Mingle with drinks
6:45 p.m. Dinner
Thank You,
Felicia L. Solis
Human Resources
Enron Wholesale Services
713-853-4776
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arnold-j/deleted_items/284.
|
subject: Third Quarter Earnings Results
content: Today, we announced our third quarter earnings results, which were right on target with analysts estimates for recurring earnings per diluted share of $0.43. This marks a 26 percent increase over the third quarter of last year, which is due to the strong performance of our core wholesale and retail energy businesses and our natural gas pipelines. In addition, we also announced that we are on track for our earnings target of $0.45 for the fourth quarter ($1.80 for 2001) and $2.15 for 2002.
We made a commitment to you that we would provide you with timely information about Enron's business strategy and performance, so this email is intended to provide an explanation about our earnings this quarter.
Over the past few months, we have met with analysts to discuss Enron's performance. We received considerable feedback from investors and analysts that we needed to expand our financial reporting to include details for more of our business units. In response to that feedback, we have provided results separately for several of our business units. For example, while we have provided volume figures for North America and Europe, this is the first quarter we have provided financials separately for Enron Americas and for Europe and Other Commodities. In addition, information about our global assets had previously been included in our numbers for Wholesale Services. This quarter they are reported separately. Finally, even though our broadband business is now part of Enron Wholesale Services, we are continuing to report that business separately.
Following are the highlights of our businesses:
Wholesale Services: Total income before interest, minority interests and taxes (IBIT) increased 28% to $754 million in the third quarter. Total wholesale physical volumes increased 65% to 88.2 trillion British thermal units equivalent per day (Tbtue/d).
Americas: IBIT increased 31% to $701 million. Natural gas volumes increased 6% to 26.7 Tbtu/d, and power volumes increased 77% to 290 million megawatt hours (MWh).
Europe and Other Commodity Markets: IBIT remained unchanged at $53 million as compared to last year. While physical gas and power volumes increased, low volatility in these markets caused profitability to remain flat.
Retail Services: Enron Energy Services reported IBIT of $71 million, compared to $27 million a year ago. So far this year, EES has completed more than 50 transactions with large customers and more than 95,000 deals with small business customers.
Transportation and Distribution:
Natural Gas Pipelines: IBIT increased slightly to $85 million in the third quarter.
Portland General: We reported an IBIT loss of $(17) million this quarter compared to IBIT of $74 million a year ago. This loss is due to power contracts PGE entered into at prices that were significantly higher than actual settled prices during the third quarter. Last week, we announced an agreement to sell PGE to Northwest Natural. This transaction is expected to close next year.
Global Assets: This segment includes Elektro, Dabhol, TGS, Azurix and Enron Wind. Third quarter IBIT remained unchanged at $19 million compared to last year.
Broadband Services: IBIT losses were $(80) million in the current quarter compared to a $(20) million loss last year. This quarter's results include significantly lower investment-related income and lower operating costs.
Corporate and other: This segment includes the unallocated expenses associated with general corporate functions. This segment reported an IBIT loss of $(59) million compared to $(106) million a year ago.
In addition, this quarter we announced one-time charges of $1.01 billion. Over the past few quarters, we have conducted a thorough review of our businesses and have decided to take certain charges to clear away issues that have clouded the performance and earnings potential of our core businesses. These charges include:
? A $287 million write-down of Azurix Corp.
? $183 million associated with the restructuring of Broadband Services. This includes severance costs, a loss on the sale of inventory like servers and routers, and a write-down of the value of our content services contracts due to the bankruptcy of a number of customers.
? $544 million related to losses from certain investments, primarily Enron's interest in The New Power Company, broadband and technology investments and early termination of a structured finance arrangement.
With our announcements this quarter we accomplished three things: 1) we showed continued strong earnings and earnings growth in our core businesses, 2) we cleared away those things that were clouding this superb performance in our core businesses, and 3) We expanded our reporting of financial results to increase transparency for our investors. To read the full earnings press release, go to www.enron.com/corp/pressroom/releases.
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arnold-j/deleted_items/285.
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subject: Enron Mentions
content: USA: UPDATE 1-Enron third-quarter earnings rise.
Reuters English News Service, 10/16/01
Enron Has Loss of 84 Cents a Share in Third Quarter (Update2)
Bloomberg, 10/16/01
OUTLOOK Enron Q3 EPS 43 cents vs 34
AFX News, 10/16/01
Reliant Hires Merrill to Find Buyer for Dutch Power Producer
Bloomberg, 10/16/01
India: IDBI signals SOS for Rs 3,000-cr equity
Business Line (The Hindu), 10/16/01
INDIA: Tata Power Q2 net up 74 pct, beats f'cast.
Reuters English News Service, 10/16/01
USA: UPDATE 1-Enron third-quarter earnings rise.
10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, Oct 16 (Reuters) - Energy trading giant Enron Corp. said on Tuesday its third-quarter earnings rose as its core wholesale marketing and trading division delivered strong returns.
The company said earnings rose to $393 million, or 43 cents per share, from $292 million, or 34 cents per share, a year earlier. The company reported a share loss of 84 cents after $1.01 billion of nonrecurring charges.
"After a thorough review of our businesses, we have decided to take these charges to clear away issues that have clouded the performance and earnings potential of our core energybusinesses," said Kenneth Lay, Enron chairman and chif executive officer.
Enron's non-recurring charges included $287 million related to the write-down of its troubled water venture, Azurix, as well as $544 million writedown related to various investments including its retail electricity provider New Power Co. and $180 million related to restructuring of its broadband operations.
Analysts polled by Thomson Financial/First Call had expected earnings of 42 cents to 45 cents per share, with a mean estimate of 43 cents.
The results met expectations for a rocky quarter that included the surprise departure of President and Chief Executive Jeff Skilling in August, after just six months at the helm.
Enron shares closed on Monday at $33.17, down $2.64 or 7.3 percent on the New York Stock Exchange. So far this year, the stock has fallen some 60 percent, far worse than the 25 percent loss of the Standard & Poor's utilities index .
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Has Loss of 84 Cents a Share in Third Quarter (Update2)
2001-10-16 07:45 (New York)
Enron Has Loss of 84 Cents a Share in Third Quarter (Update2)
(Adds profit excluding charges in fourth paragraph.)
Houston, Oct. 16 (Bloomberg) -- Enron Corp., the largest
energy trader, said it had a third-quarter loss after taking
$1.01 billion in charges for restructuring, investment losses, and
the planned sale of a water business.
The loss was $618 million, or 84 cents a share after
preferred-dividend payments, Houston-based Enron said in a
statement. A year earlier, Enron had net income of $292 million,
or 34 cents. Revenue rose 59 percent to $47.6 billion from
$30 billion.
The charges totaled $1.11 a share. They included $287 million
for asset impairments by water company Azurix Corp., $180 million
to restructure the company's unit that trades fiber-optic
bandwidth and $544 million for losses on investments including New
Power Co., a retail energy-sales venture.
Excluding the charges, Enron said it would have earned
$393 million, or 43 cents a share. That matched the average
estimate of analysts surveyed by Thomson Financial/First Call.
Enron said it still expects to earn 45 cents a share in the
fourth quarter, $1.80 for the full year and $2.15 in 2002.
(Enron will hold a conference call to discuss third-quarter
earnings at 10 a.m. New York time. Log on at http://www.enron.com
and follow the directions to the ``Investors'' section.)
OUTLOOK Enron Q3 EPS 43 cents vs 34
10/16/2001
AFX News
(c) 2001 by AFP-Extel News Ltd
NEW YORK (AFX) - Enron Corp is expected to report later today third-quarter earnings per share of 43 cents, compared with 34 cents a year earlier, according to the First Call/Thomson Financial consensus of 17 brokers.
The integrated energy company is expected to meet near-consensus results driven by its wholesale services division, analysts said.
Montgomery Securities analyst Daniel Tulis is calculating third-quarter EPS of 42 cents, 1 cent below consensus.
Full-year EPS stands at 1.85.
Enron's third quarter was marked by the unexpected departure of chief executive Jeff Skilling, for personal reasons, with Chairman Ken Lay reassuming the key position.
Lay is likely to remain in the position until it is filled within 12-18 months, Tulis said.
The company remains embroiled in arbitration proceedings in India after its 2.9 bln usd Dabhol power plant in India was closed. The plant's sole client, the Maharashtra State Electricity Board (MSEB), failed - and later refused - to pay bills that now total about 45 mln usd.
blms/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Reliant Hires Merrill to Find Buyer for Dutch Power Producer
2001-10-16 05:45 (New York)
Reliant Hires Merrill to Find Buyer for Dutch Power Producer
Amsterdam, Oct. 16 (Bloomberg) -- Reliant Energy Inc., the
owner of Houston's utility, said it hired Merrill Lynch & Co. to
find a buyer for its Dutch power-generation business, two years
after acquiring the company from the government for $2.3 billion.
Reliant has already been approached by possible buyers, said
Clyde Moerlie, a spokesman for Reliant Energy Europe. The unit,
which doesn't have any household customers, earned $9 million in
the second quarter compared with $26 million a year earlier.
The U.S. company may struggle to get the price it paid for
the Utrecht-based unit, formerly known as UNA, analysts said, on
expectations heightened competition will erode profit further and
as utilities increasingly seek customers as well as power plants.
In the Dutch generation market, ``there aren't many
opportunities, but prices will fall to much lower levels as
growing competition pushes down tariffs,'' said Steven de Proost,
an analyst at Delta Lloyd Securities in Antwerp.
Houston-based Reliant paid 2.9 times sales for UNA in 1999,
while Electrabel SA, Belgium's dominant power provider, paid 2.7
times sales for Epon, the biggest utility in the Netherlands. E.ON
AG of Germany paid 1.6 times sales the same year for the generator
NV Electriciteitsbedrijf Zuid-Holland, or EZH.
Reliant joins rivals TXU Corp. and Edison International in
reassessing its European business amid disappointing earnings.
Reliant in July tied the second-quarter profit drop in Europe to
increased competition and falling margins in the Dutch market.
Enron Cuts
Enron Corp. said last week it will cut 10 percent of its
European workforce, while Edison Mission Energy agreed to sell two
U.K. power plants to American Electric Power Co. on Monday.
The U.S. utility said last month it was considering a sale of
the Dutch business after it was contacted ``by a number of parties
who have expressed an interest'' in its European assets, and as it
reallocates capital to fulfill ``growth objectives.''
Merrill already advised the Dutch state on the original sale
of UNA to Reliant, the only time a U.S. company has taken control
of a continental European utility. This year, Merrill ranks sixth
in advising on transactions involving a European utilities target,
with $6.9 billion worth of mergers and acquisitions.
Potential buyers for UNA, which provides about 20 percent of
the Netherlands' electricity, are likely to be companies already
present in the Dutch market, such as Nuon NV, Eneco, or Spain's
Endesa SA, analysts said. UNA may also attract generation
companies including Mirant Corp. and International Power Plc.
Atlanta-based Mirant and International Power predecessor
National Power Plc both bid for UNA when it was first put up for
sale. Central and Northern Europe are ``areas we're interested
in,'' said Aarti Singhal, an International Power spokeswoman.
``We're looking at all options,'' said Fransce Verdeuzeldonk,
a spokeswoman for Nuon, in an interview.
Spanish Interest
Endesa, Spain's largest power producer, agreed to buy Remu
NV, the No. 4 electric utility in the Netherlands, for 1.5 billion
euros last December. The completion of the transaction has been
held up by the Dutch government, which wants at least 51 percent
of utility company shares to remain in the hands of public
authorities until at least 2004.
An Endesa spokeswoman declined to comment on whether the
company would be interested in UNA. Endesa said in July its
purchase of an Italian generator was enough to meet its goal of
having 8,000 megawatts of capacity in Europe outside Spain.
Based in Utrecht in central Netherlands, UNA is one of the
four main power generation companies in Holland, operating six
power plants. It had 1998 sales of about $800 million and is one
of the only generation companies in the market up for grabs.
Germany's E.ON owns EZH, Belgium's Electrabel controls Epon,
while EPZ, another big power producer, is owned by Essent NV.
India: IDBI signals SOS for Rs 3,000-cr equity
10/16/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd
NEW DELHI, Oct. 15. INDUSTRIAL Development Bank of India (IDBI), the country's largest development financial institution, appears to be heading for some serious trouble.
A revised set of figures placed by the institution to the Ministry of Finance has indicated a cash requirement of Rs 7,000 crore over the next three years, much of which it is finding difficult to tie up. Besides, it has also placed a request for a Rs 3,000-crore equity infusion from the Government.
The revised financial projections were placed before the Finance Ministry last week by an IDBI team headed by the Chairman, Mr P.P. Vora. The meeting was attended by the Advisor, Ministry of Finance, Dr Rakesh Mohan, the Additional Secretary, Capital Markets Division, Mr S.K.
Purakayastha, and the Deputy Governor, Reserve Bank of India (RBI), Mr G.P. Muniappan.
At a meeting on October 5, IDBI had placed its capital infusion requirement at Rs 2,500 crore and immediate fund requirement at about Rs 5,500 crore.
Officials have been particularly concerned over IDBI's admission that it has been struggling to raise resources from the market due to the rating downgrade in August despite its massive requirements. It has also admitted to the Ministry that it may be heading for losses during the current fiscal. According to sources, the institution has admitted that the losses could spill over to the subsequent year unless assistance comes at an appropriate time.
IDBI has said the capital infusion of Rs 3,000 crore is being sought to write off a portion of the institution's huge portfolio of non-performing assets (NPAs), which at the end of fiscal 2000-01 stood at over Rs 9,000 crore in gross terms.
The institution has argued that only a massive NPA write-off would enable it to get back its rating, thereby allowing it to tie up the funds requirement from the market. IDBI's rating was downgraded by Crisil from AAA to AA+ recently.
IDBI, which was directed by the Government to submit a three-year cash flow statement during the October 5 meeting, has said the additional cash requirement for the three years alone stands at Rs 7,000 crore.
Of the cash requirement, the immediate need includes a Rs 2,200-crore repayment arising out of the institution's decision to exercise the call option on its earlier bonds series. The repayment would be due in March 2002.
Moreover, the institution also wants to keep itself ready in the event that Enron, the promoters of Dabhol Power Company, invokes its guarantee of about Rs 1,800 crore.
Sarbajeet K. Sen
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: Tata Power Q2 net up 74 pct, beats f'cast.
10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, Oct 16 (Reuters) - Tata Power Company, India's largest private utility, on Tuesday reported net profit for the July-September quarter rose 74 percent over a year earlier, far above analysts' expectations.
The company, which is negotiating to buy Enron Corp's stake in a troubled Indian unit, said net profit rose to 2.42 billion rupees ($50.42 million) from 1.39 billion a year earlier on sales that rose 17.54 percent to 10.99 billion rupees.
The performance was boosted by a profit of 660 million rupees from sale of long term investments in the quarter, against 210 million a year earlier.
A Reuters poll of 14 brokerages released last week forecast net profit for the quarter would drop to a median 1.27 billion rupees from a year earlier, on an 8.45 percent rise in sales to 10.11 billion rupees.
Tata Power generates thermal and hydro-electric power, and distributes electricity across the western state of Maharashtra, including its capital Bombay.
Ahead of the results, its shares closed down 0.62 percent at 96.65 rupees while the Bombay benchmark index ended 0.54 percent higher. (US$1=47.99 Indian rupees).
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
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arnold-j/deleted_items/286.
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subject: Organizational Announcement
content: As we continue to address a number of issues facing Enron, it is critical that the company remain focused on attracting, motivating and retaining a diverse and talented workforce. We strongly believe that our workforce is world-class -- the best in any industry, so we will continue to develop and reward this tremendous talent base.
Because the lasting strength of our company is determined by the strength of our workforce, we are elevating the role employee-focused functions play within Enron. We are pleased to announce that effective immediately Human Resources, Employee Responsibility, and Executive and Corporate Compensation will report directly to the Office of the Chairman.
David Oxley, Vice President, will continue to oversee Enron's Global HR function. The lead HR representatives for the individual business units will report to David in addition to their respective Office of the Chairman. Besides managing Recruiting, Staffing, Training, Compensation and the Performance Evaluation Process, David will also add Payroll and Labor Relations to his list of responsibilities.
Cindy Olson, Executive Vice President, will have responsibility for Employee Relations and Corporate Responsibility, which includes Social Responsibility, Community Relations, Diversity, Employee Relations, Redeployment, Alumni Relations, Employee Events and Programs, Benefits, Wellness, and Worklife.
Mary Joyce, Vice President, will continue to have responsibility for Executive and Corporate Compensation in addition to Global Employee Information Management and Reporting and Analysis.
David, Cindy and Mary will each report to the Office of the Chairman. A detailed organizational chart is attached. Please join me in congratulating David, Cindy and Mary on their new responsibilities.
http://home.enron.com:84/messaging/hrorgchart18.ppt
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arnold-j/deleted_items/287.
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subject:
content: current 185
200 over 37 dallas/wash
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arnold-j/deleted_items/288.
|
subject: RE:
content: plus 50 for the minni bet 185
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:16 AM
To: Lavorato, John
Subject: RE:
5-3-2
+255 - 120 = 135 your way
-----Original Message-----
From: Lavorato, John
Sent: Saturday, October 13, 2001 9:25 AM
To: Arnold, John
Subject:
i owe you 120 - wow
all 150
balt -1
tb +3
chic/ariz over 39.5
car +5
giants +11
sd +3
sf -3
miami -3
seattle +6.5
oak +3.5
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arnold-j/deleted_items/289.
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subject: TRV Notification: (NG - Price P/L - 10/16/2001)
content: The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y¤t_efct_date=10/16/2001>, published as of 10/16/2001 is now available for viewing on the website.
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arnold-j/deleted_items/290.
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subject: SPEC's EVENTS and OCTOBER 2001 12-UNDER-$12
content: Click Here for Last Mailing: http://204.128.208.250/docs/mailings/20011016.txt
SPEC's EVENTS
THE GREAT UNKNOWN: Wine From Off the Well-Worn Path
Whether you're a wine adventurer or you're just tired of drinking the
same old thing, this is the class for you. On THURSDAY, OCTOBER 18TH at
7:00pm, SPEC's and the Wine School at l'Alliance Francaise will offer a
class and tasting entitled THE GREAT UNKNOWN: Wine from Off the Well-Worn
Path. This class will look at and taste twelve very-good-to-great wines
from lesser-known wine growing areas in France, Spain, and Portugal. The
class will focus on how the wines are made, the grapes used to make them,
and the land they come from as well as how they match-up with food. Twelve
wines representing a range of styles including both red and white wines
will be tasted. THE GREAT UNKNOWN: Wine from Off the Well-Worn Path will
cost $46.00 "cash" per person ($48.42 regular) with a $10.00 discount
available for 1000 SPEC's Key points. For directions, reservations,
or more information on this class, please call SPEC's at 713-526-8787.
This class will be held at l'Alliance Francaise. L?Alliance Fran?aise,
the French cultural organization in Houston, is located at 427 Lovett
Boulevard (on the southeast corner of Lovett and Whitney, one block
south of Westheimer).PLEASE SEE WINE SCHOOL CANCELLATION POLICY AT BOTTOM.
A SECOND LOOK AT 1999 ZINFANDEL
On Thursday, October 25th at 7:00pm, please join the Wine School
at l'Alliance Francaise and SPEC's wine manager Bear Dalton for
A SECOND LOOK AT 1999 ZINFANDEL. This is the second in a series where
we'll look at a dozen of the best 1999 Zins released to date. We'll
talk about how and when Zinfandel got to the US and the changes in
winemaking that have brought us to the styles we drink today, the
emergence of terroir as a factor in Zinfandel, and where Zin is headed
in the future. We'll taste 13 wines. The anticipated lineup includes
Karly Warrior Fires Zinfandel 1999, Fife Red Head 1999, Elyse Rutherford
1999, Deloach Estate Bottled 1999, Ridge Lytton Station 1999, Ridge
Pagani 1999, Ridge Paso Robles 1999, Ridge Lytton Springs 1999, Ridge
Geyseville 1999, Turley Dogtown 1999, Turley Pringle 1999, Turley
Moore-Earthquake 1999, Turley Hayne 1999. The wines should prove to
be excellent. A SECOND LOOK AT 1998 ZINFANDEL will cost $65.00 per
person (cash) with a $10.00 discount available for 1,000 SPEC's KEY
Points. For directions, reservations, or more information on this
class, please call SPEC's at 713-526-8787. This class will be held
at l'Alliance Francaise, 427 Lovett Boulevard (on the southeast
corner of Lovett and Whitney, one block south of Westheimer).
PLEASE SEE WINE SCHOOL CANCELLATION POLICY AT BOTTOM.
CHATEAU HAUT BRION Tasting & Dinner at Four Seasons Hotel
On Tuesday, October 30th at 7pm, please Join SPEC's Wine Manager
Bear Dalton, Stacole proprietor Chris Lano, and Ch. Haut Brion's
father-and-son management team Jean and Jean Phillipe Delmas for a
tasting and dinner featuring the wines of Ch. Haut Brion, Ch. La Mission
Haut Brion, and Ch. Latour Haut Brion (all adjacent properties owned
by the Dillon family). The tasting will feature three white wines and
nine red wines. Another three white wines and five red wines will be
served with dinner. The white tasting lineup is Plantiers du Haut Brion
1998 (the white second wine of both Laville Haut Brion and Ch. Haut Brion
Blanc), Laville Haut Brion 1997 (the white wine of Ch. La Mission Haut
Brion), and Ch. Haut Brion Blanc 1997. The red line-up is Bahans Haut
Brion 1997 (the 2nd wine of Ch. Haut Brion), Ch. La Mission Haut Brion
1997, Ch. Haut Brion 1997, Bahans Haut Brion 1998, Ch. Latour Haut Brion
1998, Ch. La Mission Haut Brion 1998, Ch. Haut Brion 1998, Ch. Haut Brion
1996, and Ch. Haut Brion 1989. Four Seasons Chef Tim Keating is still
working on the dinner menu but the first course will be served with
Laville Haut Brion 1998 and Ch. Haut Brion Blanc 1998 followed by another
course to be served with Ch. Haut Brion Blanc 1990. The next course
will be served with La Chapelle de la Mission Haut Brion 1998 and Ch.
La Mission Haut Brion 1996. The entree will be served with Ch. Haut Brion
1995 and Ch. Haut Brion 1990. A cheese course will be served with the
final wine, the classic Ch. Haut Brion 1982. As soon as the menu is
available, it will be posted to Spec's web sight at www.specsonline.com.
The CHATEAU HAUT BRION Tasting & Dinner will cost $460.00 per person
(Cash). Please note that the high price is due entirely to the cost
of the extraordinairy wines we are serving. For reservations or more
information on this one-of-a-kind event, please call SPEC's at
713-526-8787. PLEASE SEE WINE SCHOOL CANCELLATION POLICY AT BOTTOM.
OUISIE'S TABLE MORGAN VINEYARDS OCTOBER WINE PAIRING DINNER
Ouisie's Table at 3939 San Felipe Road is hosting their last wine
pairing dinner of the year on Wednesday, October 31, 2001 (Halloween).
The evening will begin at 6:45p.m with a cocktail reception. The
guests will enjoy a multi-course meal along with wines from the
Morgan Winery produced out of the Santa Lucia Highlands appellation
and Monterey County in California. Dan and Donna Lee founded Morgan
Winery in 1982, with a goal of creating the finest wines possible
by obtaining the highest quality fruit. The Lee's farm the only
organic vineyard in the Santa Lucia Highlands. The tariff for the
dinner is $85.00 per person plus tax and gratuity. For reservations
please call Ouisie's 713-528-2264 Tuesday through Saturday. Any
questions regarding the menu or wines may be directed to a Ouisie's
manager.
OTHER UPCOMING EVENTS (Details to be Announced)
11/07/01 (Wednesday, 7pm) - Oysters and Fevre Chablis Dinner
11/14/01 (Wednesday, 7pm) - BV Georges de Latour Cabernet
Sauvignon Reserve 1998 Release Party
WINE SCHOOL CANCELLATION POLICY
If for any reason you need to cancel a reservation for a class,
dinner, or other event, please let us know at 713-526-8787 as soon
as possible. Reservations canceled before 4pm on the last business
day before the event (usually 27 hours) will not be charged.
Cancellations received after 4pm on the business day before the
event will be charged unless those seats can be resold. All
no-shows will be charged.
OCTOBER 2001 TWELVE-UNDER-$12
STERLING Sauvignon Blanc, North Coast (California), 2000
12x750ML $10.21 $112.42 Here's a well-balanced, medium-weight
Sauvignon Blanc offering classic grass, pear, melon, and lemon-drop
aromas and flavor and a nice bit of malo-lactic richness (but has
ample fruit and acidity to keep it fresh and lively). Long in the
mouth with good Sauvignon fruit to the end. Clean and refreshing -
quite tasty. Fine. SPEC's Score: 88 points.
LOUIS LATOUR Pinot Noir, Bourgogne Rouge, 1999
12x750ML $7.87 $86.58 Here's a super, bargain-priced Burgundy
featuring lots of juicy dark-cherry fruit with hints of cola and
chocolate and good earth notes. Long and focused, it really lasts
in the mouth. It has enough tannin to offer some weight and
chewiness but not so much that it overwhelms the wine. Serve
cool (55-60?). Fine. SPEC's Score: 88 points.
TOAD HOLLOW Chardonnay, California, 2000
12x750ML $10.99 $121.08 A blend of 50% Sonoma County Chardonnay
and 50% Mendocino County Chardonnay all grown in cooler areas and
fermented in stainless steel tanks with full malolactic
fermentations, the result is a lovely, balanced, pure, juicy,
ripe Chardonnay offering lots of fruit in the banana and pear range
with good richness and no "splinters" (of oak). Finishes fresh and
clean. Fine. SPEC's Score: 89 points.
GOATS DO ROAM Red, Western Cape (South Africa), NV
12x750ML $7.61 $83.78 A blend of 33% Pinotage, 22% Syrah,
13% Cinsault, 13% Grenache 10% Carignan, 5% Gamay, and
4% Mourvedre, this Cotes du Rhone-style (get it?) red shows good
richness and plenty of dark grapy fruit with notes of spice and
pepper. The texture is nicely chewy with good weight in the mouth
and a good feel. This is a solidly enjoyable, quite versatile,
everyday drinking red. Very Good+. SPEC's Score: 87+ points.
LA VIS Pinot Nero, Trentino (Italy), 2000
12x750ML $10.71 $117.30 Unusual fresh, lively, red-berry and
red-cherry fruit-oriented Pinot Noir (Nero) from the Trentino
region of northeastern Italy featuring a hint of cola and fresh
crushed berry tannins. Spicy and alive with flavor and character.
Medium weight with just a touch of chewiness. Moves toward black
cherry as it develops in the glass. Quite refreshing. Serve
cool (50-55?). Very Good. SPEC's Score: 87 points.
PIERRE BONIFACE Rousette de Savoie "les Rocailles" (France), 2000
12x750ml $9.41 $104.26 This delightful, off-the-beaten-path,
balanced, super-fruity, fresh, dry white features a nose that is
initially a little closed but the palate reveals plenty of mixed
tree fruit (peach, yellow cherry, etc.) and wildflower perfume.
It has a lovely refreshing texture and feel in the mouth with a
thrilling balance. The super-long finish hints at lemon drops at
the end. Wonderful as an aperitif. Delicious and Excellent. SPEC's
Score: 91 Points. (This was an email special in July that got such
a great response we decided to buy more so that we could offer it
in the Twelve-Under-$12)
PAOLO SARACCO Moscato d'Asti (Italy), 2000
12x750ML $11.82 $130.90 This delicious, half-sparkling, juicy,
ripe, naturally low-alcohol (7%), white is bursting with aromatic
fruit in the classic Muscat range: lemon drop, honeysuckle, cirtus
zest, and apricot. The palate is light, thrilling, and super
refreshing and offers pure pleasure. Lasts and lasts in the
mouth; finishes tingly clean. Excellent. SPEC's Score: 91 points.
LE FAUX FROG Chardonnay, Limoux - Vin de Pays d'Oc (France), 1999
12x750ML $6.76 $74.46 Also from Todd Williams of Sonoma County?s
Toad Hollow, this is a juicy, low-acid, pineapple fruit oriented
Chardonnay made in the style of a clean Aussie Chard. It has a
good balance and feel with a nice richness but is not tarted up
with oak chips and sugar like so many "value-priced" (cheap)
Chardonnays. Finishes dry and clean. Very Good.
SPEC's Score: 86+ points.
FOREST GLEN Merlot, California, 1999
12x750ML $6.88 $76.61 Here's a balanced, juicy, ripe cherry
fruit-oriented Merlot with a fine medium-weight style and a nice
texture. Dry and mouth-filling with hints of earth and wood that
compliment and round out the juicy fruit. Very Good.
SPEC's Score: 86 points.
PENFOLD's Koonunga Hill Shiraz-Cabernet Sauvignon, South Australia,
1999 12x750ML $8.46 $93.11 This blend of 74% Syrah and
26% Cabernet Sauvignon features lots of ripe, earthy, black
raspberry and blackberry fruit with plenty of white pepper
character, a nice note of cassis, and a touch of tobacco. Quite
spicy in the mouth. Fine length. Very Good+.
SPEC's Score: 87 points.
ALAMOS RIDGE Cabernet Sauvignon, Mendoza (Argentina), 1999
12x750ML $9.27 $101.57 Quite tasty, very juicy, classically
Argentine Cabernet Sauvignon with lots of blackberry fruit layerd
over a core of dusty oak and earthy terroir. It has a somewhat
rustic character with a nicely chewy texture. Long and dry with
a fine, perfumed berry note that really lingers. Fine.
SPEC's Score: 88+ points.
JEWEL Viognier, California, 200O
12x750ML $10.23 $113.33 Lovely, aromatic, juicy Viognier with
crisp fruit in the peach-apricot-and-ripe-pear range with a
solid honeysuckle note and a hint of Gewurztraminer-like hops
character. Fresh, refreshing, and lively but with a soft texture.
Long, perfumed finish. A real deal on a Viognier this good. Fine.
SPEC's Score: 88+ points.
SPECIAL for SPEC?s KEY holders:
Buy a mixed case consisting of one 750ml bottle of each of our
OCTOBER 2001 12-UNDER-$12 selections for only $101.28, a savings
of $8.94 over SPEC?s already low cash bottle price.
UPC: 00000788265 (Special price good 10/4/01 thru 10/31/01).
The "12x750ml" means the wine comes in 750ml bottles packed
12 to the case. The first price listed for each selection is the
cash discounted bottle price. The second price listed is the cash
discounted case price.
"Spec's" is a service mark of the Spec's Family Partners, Ltd.
and is registered with the State of Texas. Prices are subject to
change without notice. Prices listed include SPEC's famous 5%
discount for cash."Cash" includes US currency checks and debit
cards when you enter your PIN#. Prices listed in 12-UNDER-$12
are good at all SPEC's locations.
| ||
arnold-j/deleted_items/291.
|
subject: TRV Notification: (NG - PROPT P/L - 10/16/2001)
content: The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y¤t_efct_date=10/16/2001>, published as of 10/16/2001 is now available for viewing on the website.
| ||
arnold-j/deleted_items/292.
|
subject: market
content: awesome call on cash.. it does not get any better than that.. you picked the bottom- i am getting it slowly.. lots of calls today from people i do not speak to every day.. not too much panic from guys who are short.. most looking to put more on.. selling dec01 outright or buying gas daily puts on dec and jan... except pulaski who pared down dec01 short with us from 4000 to 1000.. do not think he's got on alot elsewhere. no one has anything on longer dated.. no one can figure out economy...
questions:
1. why would any of the discretionary storage operators withdraw gas in the winter based on the current curve?
2. where do you think index gets set this month? i am thinking that utilities will overestimate loads for Nov01 and buy more during bidweek.. index gets set high and depending on Nov weather.. it could come back onto the market weakening cash again..
3. do you have a view on eastern power for the winter? i do not understand the market drivers in the winter.
thanks very much,
c
| ||
arnold-j/deleted_items/293.
|
subject: World Markets Regulatory Analysis and Telecom
content: In addition to World Markets Energy information <http://esource.enron.com/worldmarket.asp>
and Country Analysis and Forecasting, <http://esource.enron.com/worldmarket_CountryAnalysis.asp>
eSource now offers free access to World Markets - Regulatory Analysis
World Markets Regulatory Analysis offers:
Daily Reports - Legal, regulatory and policy developments in 185 countries. Comprehensive monitoring of legislative, regulatory and policy
changes for each country
Email Alerts - Automatic daily email alerts of current and impending legal, regulatory and policy changes affecting the development of markets
Daily Analysis - Same-day in-depth assessment of the impact of legal developments by in-house analysts. Features detailed analysis of key legal
changes written exclusively for Regulatory Analysis by a unique network of legal experts in more than 180 countries
Country Reports - Assessments of the legal systems in 185 countries, including rules on establishing a business and restrictions on foreign investors
Access World Markets Regulatory Analysis: http://esource.enron.com/worldmarket_regulatory.asp
***
For additional new products and reports, visit eSource's Hot Topics page at http://esource.enron.com/hot_topics.asp
|
All Enron Worldwide@ENRON <??SAll Enron Worldwide@ENRON>
|
|
arnold-j/deleted_items/294.
|
subject: Dancing George Bush
content: http://www.5starweb.co.uk/fun/bush.htm
|
[email protected], hoey'.'[email protected]
|
|
arnold-j/deleted_items/295.
|
subject: RE: I want my two dollars!
content: Thanks! Good luck at your meetings!!! MSA
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:25 AM
To: Allen, Margaret
Subject: RE: I want my two dollars!
I'll get it at lunch.
-----Original Message-----
From: Allen, Margaret
Sent: Monday, October 15, 2001 11:24 AM
To: Arnold, John
Subject: RE: I want my two dollars!
ha!ha! aren't you funny. looking.
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:23 AM
To: Allen, Margaret
Subject: RE: I want my two dollars!
What money? I don't know what you're talking about
-----Original Message-----
From: Allen, Margaret
Sent: Monday, October 15, 2001 11:18 AM
To: Arnold, John
Subject: RE: I want my two dollars!
loser. it's 'better off dead' with John Cusack - popular when we were kids. unfortunately you were a dork and didn't play with the other kids your age, so you missed it. great line but means nothing if you haven't seen the movie.
can i come collect my $ from you today? i owe it to the box (it's a long story, i'll tell you later.) MSA
-----Original Message-----
From: Arnold, John
Sent: Monday, October 15, 2001 11:15 AM
To: Allen, Margaret
Subject: RE: I want my two dollars!
no clue. not a movie buff.
-----Original Message-----
From: Allen, Margaret
Sent: Monday, October 15, 2001 8:51 AM
To: Arnold, John
Subject: I want my two dollars!
Name the movie.
| ||
arnold-j/deleted_items/296.
|
subject: im back for 2 days anyway
content: 34759 or 713 628 7881
-----Original Message-----
From: Arnold, John
Sent: Monday, September 24, 2001 7:38 AM
To: Fraser, Jennifer
Subject: RE: hum......free fall in wti started a little early
yea, that was for oct a couple hours before expiry. dont have a whole lot of interest being fundamentally long crude. maybe for a scalp buy if we get overdone which we might be this morn. T Boone how?
-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, September 24, 2001 7:26 AM
To: Arnold, John
Subject: RE: hum......free fall in wti started a little early
also didnt you have a limit order in..for about 200..im assuming this was withdrawn
-----Original Message-----
From: Arnold, John
Sent: Monday, September 24, 2001 1:16 PM
To: Fraser, Jennifer
Subject: RE: hum......free fall in wti started a little early
wow...how did our guys do?
-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, September 24, 2001 7:16 AM
To: Arnold, John
Subject: hum......free fall in wti started a little early
| ||
arnold-j/deleted_items/297.
|
subject: lot size eol/renaissance/other funds
content: hi.... is there any way for you to put the same number of lots on the lot size product as you have on the standard MMBtu per day product?
You have 10 lots out there now for Nov01 and 20,000/ day on the standard... can you offer 60 contracts (20,000*30) on the lots size.. the people that the product was meant for can just click their one or two lots.. its going to be the same price as the standard Nov01 contract right?
The physical standard is a limitation for funds.. all of them trade lots.. no one wants to sit there and figure out the contracts however easy it is.
I think I can get at least 4 more funds on EOL if you can do just this..these are people outside the Campbell types who can not trade OTC. EOL is great for funds like Ren whose traders get buy/sell orders at the beginning of the trade day (I assume they get signals on close) and have discretion on how to execute through the day. Versus Campbell who gets a signal and executes orders immediately regardless of liquidity.. its all to do with the way they view slipage
Liz at Renaissance was not giving you the whole picture on how much they trade.. they are an 8 Billion fund.
Last year they traded:
156,000 crude contracts- most in one day.. 6,000 contracts
85,000 nat gas- 6,000 highest one day
40,000 Nickel-1,000 highest one day
120,000 Ali- 6,000
52,000 Cu- 5,000
24,000 Zn- 2,000
The only other energy counterparty they have is Goldman (this is the case with a lot of the program traders).. they tried MS, but said they were terrible..
| ||
arnold-j/deleted_items/298.
|
subject: RE:
content: No word from Mark yet. Do you have a number for him?
Thanks,
Johnny
-----Original Message-----
From: Arnold, John
Sent: Tuesday, October 09, 2001 8:18 AM
To: Palmer, Johnny
Subject: FW:
Johnny:
I'll get Mark Findsen to call you. Can you have at least 1 trader interview him as well.
Thanks,
John
-----Original Message-----
From: Shankman, Jeffrey A.
Sent: Tuesday, October 09, 2001 8:16 AM
To: Arnold, John
Cc: Palmer, Johnny
Subject: RE:
I'll set it up as orig.
Johnny, can you set this up?
-----Original Message-----
From: Arnold, John
Sent: Monday, October 08, 2001 6:37 PM
To: Shankman, Jeffrey A.; Nowlan Jr., John L.
Subject:
Not so impressed with David goldman. For a guy who has worked in derivatives for 10 years, couldnt answer some simple questions. Very poor financial derivatives knowledge even though he worked at CRT for a long time and a Lyonnais for a while. The only value I see in him is that he worked at BP for a while and might have some knowledge as to how they work.
| ||
arnold-j/deleted_items/299.
|
subject: EWS Brown Bag
content: MARK YOUR LUNCH CALENDARS NOW !
You are invited to attend the EWS Brown Bag Lunch Series
Featuring: THE MAP GUYS
Keith Fraley and Peter Hoyt
Topic: Visualizing your Data and Marketplace
Enhance your market analysis and decision-making capabilities with our commodity-specific geographic information and customized applications.
Thursday, October 18, 2001
11:30 a.m. - 12:30 p.m.
EB 5C2
You bring your lunch, RSVP email to
We provide drinks and dessert. Kathie Grabstald
or call x 3-9610
|
En Touch Newsletter List@ENRON <??SEn Touch Newsletter List@ENRON>
|
|
arnold-j/deleted_items/3.
|
subject: Re: astros tix
content: I will close the auction at noon as I advertised, if nobody buys them by
then, I'll sell them to you for $300. I know what you mean, the combo of
Bonds getting walked all the time and the Stros getting killed really sucks.
----- Original Message -----
From: <[email protected]>
To: <[email protected]>
Sent: Thursday, October 04, 2001 10:18 AM
Subject: RE: astros tix
> I would pay $300 for the tix tonight. I feel ripped off for the crappy
> game I had to sit through tuesday.
>
> -----Original Message-----
> From: "Stephen Yarger" <[email protected]>@ENRON
>
[mailto:IMCEANOTES-+22Stephen+20Yarger+22+20+3Cstyarger+40hotmail+2Ecom+3E+4
[email protected]]
>
>
> Sent: Tuesday, October 02, 2001 1:24 PM
> To: Arnold, John
> Subject: Re: astros tix
>
> OK, I'll give you a call around 3:15 or so, I'll be driving a dark
green
> Land Cruiser.
>
>
> ----- Original Message -----
> From: <[email protected]>
> To: <[email protected]>
> Sent: Tuesday, October 02, 2001 12:07 PM
> Subject: RE: astros tix
>
>
> > Sounds good. I have cash. I work at the old Enron building. Just
> give
> me
> > a call when you're close and I'll meet you on the street right in
> front of
> > the building.
> >
> > -----Original Message-----
> > From: "Stephen Yarger" <[email protected]>@ENRON
> >
>
[mailto:IMCEANOTES-+22Stephen+20Yarger+22+20+3Cstyarger+40hotmail+2Ecom+3E+4
> [email protected]]
> >
> >
> > Sent: Tuesday, October 02, 2001 1:07 PM
> > To: Arnold, John
> > Subject: Re: astros tix
> >
> > I get off work at 3:00 so I could bring them by your office at say
> 3:30
> > if
> > you could meet me at the ground floor (I'm assuming you work at
one
> of
> > the
> > Enron buildings). I'm new to this whole Ebay thing so I'm not
sure
> what
> > all
> > the payment options are, but I'm thinking the easiest would be
> cash,
> but
> > if
> > you want to put it on credit card through Billpoint on Ebay that
is
> fine
> > also.
> >
> > Good luck on catching the million dollar ball.
> >
> >
> >
> >
> > ----- Original Message -----
> > From: "Arnold, John" <[email protected]>
> > To: <[email protected]>
> > Sent: Tuesday, October 02, 2001 11:43 AM
> > Subject: astros tix
> >
> >
> > Hello:
> > Wondering if we can meet to pick up the tix. I work and live in
> > downtown. Please advise or call me at 713-557-3330.
> >
> >
> >
> **********************************************************************
> > This e-mail is the property of Enron Corp. and/or its relevant
> affiliate
> > and
> > may contain confidential and privileged material for the sole use
> of
> the
> > intended recipient (s). Any review, use, distribution or
disclosure
> by
> > others is strictly prohibited. If you are not the intended
> recipient
> (or
> > authorized to receive for the recipient), please contact the
sender
> or
> > reply
> > to Enron Corp. at [email protected] and
> delete
> > all
> > copies of the message. This e-mail (and any attachments hereto)
are
> not
> > intended to be an offer (or an acceptance) and do not create or
> evidence
> > a
> > binding and enforceable contract between Enron Corp. (or any of
its
> > affiliates) and the intended recipient or any other party, and may
> not
> > be
> > relied on by anyone as the basis of a contract by estoppel or
> otherwise.
> > Thank you.
> >
> **********************************************************************
> >
> >
> >
>
>
| ||
arnold-j/deleted_items/30.
|
subject: U.S. Soccer Television Update (Thursday, October 4, 2001)
content: THIS WEEK'S LINEUP:=20
Sunday, October 7:=20
U.S. Men's National Team vs. Jamaica (World Cup Qualifying)=20
ABC=20
2 p.m. ET / 1 p.m. CT / 12 p.m. MT / 11 a.m. PT=20
REYNA, O'BRIEN RETURN TO 23-MAN ROSTER FOR MUST-WIN QUALIFIER AT FOXBORO: U=
.S. Men's National Team head coach Bruce Arena named a 23-man squad that wi=
ll train for the team's upcoming qualifier against Jamaica on Sunday (Oct. =
7) at Foxboro Stadium. Matchday 9 of final round qualifying will kickoff a=
t 2 p.m. ET, and the match will be broadcast live on ABC, as well as the Fu=
tbol de Primera radio network. "We have said from the beginning that quali=
fication was going to be a long process, and we feel confident going into t=
his match knowing our destiny is in our own hands," said Arena. Midfielder =
Claudio Reyna returns to captain the side after missing the last three qual=
ifiers to suspension and injury. Also returning from injury is Ajax-based =
midfielder John O'Brien, out of the U.S. lineup since July. Arena has calle=
d on 13 players from MLS squads, 10 of whom are currently involved in the M=
LS playoff race. The United States holds a 4-3-1 record in final round qual=
ifying play, their 13 points equal with Mexico in third position in the He=
xagonal. Jamaica currently sits in fifth place, posting a 2-4-2 record. Th=
e USA has never lost to the Reggae Boyz, holding an unblemished 5-0-5 all-t=
ime record in the series. The teams battled to a scoreless draw in the fir=
st leg of the series June 16 at the National Stadium in Kingston. On 13 poi=
nts, the United States controls its own qualifying destiny. Costa Rica has=
already secured one of the three places reserved for CONCACAF by collectin=
g 19 points. With second-place Honduras (14 pts.) and Mexico (13 pts.) fac=
ing a head-to-head meeting on the final matchday, the USA can clinch a bert=
h in the World Cup finals by earning all six points in its final two matche=
s. The complete 23-man roster follows:=20
Goalkeepers (3): Brad Friedel, Kasey Keller, Zach Thornton;=20
Defenders (7): Jeff Agoos, Carlos Bocanegra, Steve Cherundolo, Robin Fraser=
, Eddie Pope, David Regis, Greg Vanney;=20
Midfielders (8): Chris Armas, Cobi Jones, Manny Lagos, John O'Brien, Preki =
Radosavljevic, Claudio Reyna, Tony Sanneh, Richie Williams;=20
Forwards (5): Landon Donovan, Jovan Kirovski, Joe-Max Moore, Ante Razov, Ea=
rnie Stewart.=20
U.S. OPEN CUP FINAL TO BE HELD AT TITAN STADIUM: The 2001 Lamar Hunt U.S. O=
pen Cup final between the New England Revolution and Los Angeles Galaxy wil=
l be played at Titan Stadium on the campus of Cal State Fullerton on Saturd=
ay, October 27, at 5:00 p.m. (ET) and will be televised live on Fox Sports =
World and Fox Sports World Espa?ol. The showdown between the Galaxy and Re=
volution will crown a new Open Cup Champion as both MLS squads are making t=
heir first-ever appearance in the tournament final.=20
The Galaxy defeated the Nashville Metros (A-League), the Seattle Sounders S=
elect (PDL), the San Jose Earthquakes (quarterfinals) and the Chicago Fire =
(semifinals) to advance to the championship match. Head Coach Sigi Schmid's=
team played all but one match (the quarterfinal) at Titan Stadium. The Rev=
olution advanced against the Mid Michigan Bucks (PDL), Charleston Battery (=
A-League), the Columbus Crew (quarterfinals) and D.C. United (semifinals), =
having played every match in the friendly confines of Foxboro Stadium.=20
MARK THESE KEY DATES ON YOUR CALENDAR:=20
Sunday, October 21:=20
MLS Cup 2001=20
ABC=20
1:30 p.m. ET / 12:30 p.m. CT / 11:30 a.m. MT / 10:30 a.m. PT=20
Saturday, October 27:=20
Los Angeles Galaxy vs. New England Revolution (U.S. Open Cup Final)=
=20
Fox Sports World, FSWE=20
5 p.m. ET / 4 p.m. CT / 3 p.m. MT / 2 p.m. PT=20
Sunday, November 11:=20
U.S. Men's National Team @ Trinidad & Tobago (World Cup Qualifying)=
=20
ABC=20
2 p.m. ET / 1 p.m. CT / 12 p.m. MT / 11 a.m. PT=20
=20
---
You are currently subscribed to turnuson as: [email protected].
To modify your registration, please visit http://www.ussoccerfan.com/
For more information on U.S. Soccer, please visit http://www.ussoccer.com/
| ||
arnold-j/deleted_items/300.
|
subject: To: All Domestic Employees who Participate in the Enron Corp.
content: Mark your calendar--
the Enron Corp. Savings Plan is moving to a new administrator!
In preparation, here are a few things you need to remember.
For All Savings Plan participants, Friday, October 19 at 3:00pm CST will be the last day to:
? Request a loan or a loan payoff so that funds can be allocated or distributed in time.
? Request a withdrawal (In-service or Hardship).
For SDA Participants, Friday, October 19 at 3:00pm CST will be your last day to:
? Make trades in your Schwab SDA brokerage account so that we can move your holdings in-kind.
? Re-invest any Schwab mutual funds into your choice of funds - the default will be your money market fund.
Other transactions, such as Contribution Rate Changes and Investment Fund Transfers, will continue until 3:00pm CST on October 26.
EnronBenefits... keeping pace with your lifestyle.
|
All Domestic Employees who Participate in the Enron Corp.
|
|
arnold-j/deleted_items/301.
|
subject: money back on your trade-ins, and great hp lease deals
content: If you wish to unsubscribe please CLICK HERE. If you received this ema=
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ets: walk-away lease deals on color hp LaserJets [IMAGE] Lease any color H=
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o $2,000 - or a free HP Jornada color pocket PC - when you purchase qualif=
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| ||
arnold-j/deleted_items/302.
|
subject: Expense Reports Awaiting Your Approval
content: The following reports have been waiting for your approval for more than 4 days. Please review.
Owner: Henry H Quigley
Report Name: Quigley 100301
Days In Mgr. Queue: 11
| ||
arnold-j/deleted_items/303.
|
subject:
content: i owe you 120 - wow
all 150
balt -1
tb +3
chic/ariz over 39.5
car +5
giants +11
sd +3
sf -3
miami -3
seattle +6.5
oak +3.5
| ||
arnold-j/deleted_items/304.
|
subject: RE: Pira
content: beliefs
-----Original Message-----
From: Arnold, John
Sent: Thursday, October 11, 2001 7:44 PM
To: Zivic, Robyn
Subject: RE: Pira
any substance to their argument or just their beliefs.
-----Original Message-----
From: Zivic, Robyn
Sent: Thursday, October 11, 2001 10:27 AM
To: Arnold, John
Subject: Pira
Thinks pwr suppliers in Calif shud be worried abt getting paid the long term contracts rates
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
| ||
arnold-j/deleted_items/305.
|
subject: RE: Pira
content: agreed- thks- i recall a few mths ago when this was being discussed by the west desk - they thought it would not be surprising but no confirmation of the rumours.....
-----Original Message-----
From: Arnold, John
Sent: Wednesday, October 17, 2001 7:44 AM
To: Zivic, Robyn
Subject: RE: Pira
it's the one thing that could really hit the market. There are a lot of gas hedges on against those trades. If they are torn up, a lot of gas in the back gets sold off hard. Plus, The dynegys of the world lose $1 on their hedges.
-----Original Message-----
From: Zivic, Robyn
Sent: Wednesday, October 17, 2001 6:42 AM
To: Arnold, John
Subject: RE: Pira
beliefs
-----Original Message-----
From: Arnold, John
Sent: Thursday, October 11, 2001 7:44 PM
To: Zivic, Robyn
Subject: RE: Pira
any substance to their argument or just their beliefs.
-----Original Message-----
From: Zivic, Robyn
Sent: Thursday, October 11, 2001 10:27 AM
To: Arnold, John
Subject: Pira
Thinks pwr suppliers in Calif shud be worried abt getting paid the long term contracts rates
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
| ||
arnold-j/deleted_items/306.
|
subject: RE: lot size eol/renaissance/other funds
content: thanks smart ass.. let me know when this changes..
-----Original Message-----
From: Arnold, John
Sent: Tuesday, October 16, 2001 11:55 PM
To: Abramo, Caroline
Subject: RE: lot size eol/renaissance/other funds
Will be able to do the lot size at some point in the future. It requires a change in the eol system that when someone buys 30 of the 60 offered, it reduces the offer from 20,000 to 10,000. Right now it has no effect on the daily volumes, thus, I am limited to what size to put out else someone can buy infinite amount at same price until I manually change the price.
Meanwhile, I'll give them a calculator to divide by 333.
-----Original Message-----
From: Abramo, Caroline
Sent: Tue 10/16/2001 9:39 PM
To: Arnold, John
Cc:
Subject: lot size eol/renaissance/other funds
hi.... is there any way for you to put the same number of lots on the lot size product as you have on the standard MMBtu per day product?
You have 10 lots out there now for Nov01 and 20,000/ day on the standard... can you offer 60 contracts (20,000*30) on the lots size.. the people that the product was meant for can just click their one or two lots.. its going to be the same price as the standard Nov01 contract right?
The physical standard is a limitation for funds.. all of them trade lots.. no one wants to sit there and figure out the contracts however easy it is.
I think I can get at least 4 more funds on EOL if you can do just this..these are people outside the Campbell types who can not trade OTC. EOL is great for funds like Ren whose traders get buy/sell orders at the beginning of the trade day (I assume they get signals on close) and have discretion on how to execute through the day. Versus Campbell who gets a signal and executes orders immediately regardless of liquidity.. its all to do with the way they view slipage
Liz at Renaissance was not giving you the whole picture on how much they trade.. they are an 8 Billion fund.
Last year they traded:
156,000 crude contracts- most in one day.. 6,000 contracts
85,000 nat gas- 6,000 highest one day
40,000 Nickel-1,000 highest one day
120,000 Ali- 6,000
52,000 Cu- 5,000
24,000 Zn- 2,000
The only other energy counterparty they have is Goldman (this is the case with a lot of the program traders).. they tried MS, but said they were terrible..
| ||
arnold-j/deleted_items/307.
|
subject: <<Concur Expense Document>> - Zipper 101501
content: The following expense report is ready for approval:
Employee Name: Andrew A. Zipper
Status last changed by: Automated Administrator
Expense Report Name: Zipper 101501
Report Total: $108.90
Amount Due Employee: $108.90
To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com
| ||
arnold-j/deleted_items/308.
|
subject: Natural Gas Market Analysis
content: Attached please find the Natural Gas Market Analysis for today.
Thanks,
Mark
- 10-17-01 Nat Gas.doc
| ||
arnold-j/deleted_items/309.
|
subject: ALL daily charts and matrices as hot links 10/17-resend
content: 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. ? 2001 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/crude27.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas27.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil27.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded27.pdf
Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG27.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG27.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL27.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/31.
|
subject: Libation.com Newsletter - October 4, 2001
content: Dear customers and friends,
We had intended to send a newsletter out weeks ago but the tragedy that
happened in the eastern United States set us back just like all of
America. We have so many customers in NY and the East Coast including
many who worked at the World Trade Center. Our sincerest regret and
hope go out to all people in this country and the world but especially
those who have family or friends who were victims of the terrorist acts.
One of our dearest employees Ed Campbell grew up in Queens and all of us
at Libation have a strong connection with the people of NYC. As I told
Ed the other day, all Americans are New Yorkers now. We have wanted to
call many of you but feel that this is not the time. If you live in NYC
(or anywhere else) please take the time to drop us a line and let us
know how you are faring. Best wishes to you all.
Now to the wines. It's that time of the year when some of California's
perennial favorites are released. Feel free to give us a call toll free
at 877-LIBATION (877 542-2846).
Caymus 1998 Special Selection Cabernet Sauvignon $120/bottle
Caymus 1998 Cabernet Sauvignon $65/bottle
Rich and exotic, with layers of currant, black cherry, espresso, mocha,
mineral and herb. Turns supple, all the while maintaining its firm and
youthful tannic structure.
Drink now through 2009. 18,000 cases made.
Wine Spectator July 31, 2001
to order or for more info on our website click on the link.
http://www.libation.com/cgi-bin/wine/55624
Caymus 2000 Conundrum $24/bottle
There is no doubt that this is our hottest selling wine by far for the
last two months. If you have not tried it, order a few bottles and see
what the excitement is all about!
to order or/ for more info on our website click on the link.
http://www.libation.com/cgi-bin/wine/61379
Dominus Estate 1998 Meritage $98/bottle
Cellar Selection. Earthy, elegant and refined Cabernet blend,
delivering layers of currant, tar, black cherry, cedar, coffee and anise,
all sharply focused and framed by just the right amount of tannin.
Drink now through 2009. 6,000 cases made.
Wine Spectator July 31, 2001
to order or/ for more info on our website click on the link.
http://www.libation.com/cgi-bin/wine/29097
Dominus Estate 1998 Meritage Napanook $36/bottle
to order or/ for more info on our website click on the link.
http://www.libation.com/cgi-bin/wine/28198
Mondavi / Rothchild Opus One 1998 $130/bottle
Here are a few gems from our cellar at OUTSTANDING prices,
Arrowood 1990 Cabernet Sauvignon Sonoma County 1.5 Liter $120/bottle
Heitz 1994 Cabernet Sauvignon Trailside Vineyard 1.5 Liter $130/bottle
You'll find that our pricing is very competitive. These prices are
subject to change in the upcoming weeks. Availability is fairly
limited.
Peace, love and cheers,
Curt Chrestman
Libation.com
--
Libation.com - A Fine Wine Shop featuring rare and top selling wines
from California and the Globe.
toll free 877 LIBATION (877 542 2846)
http://www.libation.com
761 8th Street - Suite D
Arcata, CA 95521
707 825 7596
| ||
arnold-j/deleted_items/310.
|
subject: ALL daily charts and matrices as hot links 10/17
content: 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. ? 2001 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/crude27.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas27.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil27.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded27.pdf
Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG27.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG27.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL27.pdf
Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606
| ||
arnold-j/deleted_items/311.
|
subject: BNP PARIBAS Commodity Futures Weekly AGA Survey
content: Good Morning,
Just a reminder to get your AGA estimates in by Noon EST (11:00 CST).
Last Year +29
Last Week +65
Thank You,
Daryl Dworkin
BNP PARIBAS Commodity Futures, Inc.
_____________________________________________________________________________________________________________________________________
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/deleted_items/312.
|
subject: AGA Weekly Data
content: Attached please find this weeks summary of the most recent AGA working gas storage data.
Thanks,
Mark
- 10-17-01 AGA.doc
| ||
arnold-j/deleted_items/313.
|
subject: The Daily Quote
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] [IMAGE] [IMAGE]=09 =09 [IMAGE] Stocks to Watch As Of: Oct 17 =
2001 11:11AM ET Pfizer vs Intel : Since yesterday's close, a plethora of c=
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5.81 +0.8.. MORE [IMAGE] As Of: Oct 17 2001 10:08AM ET AOL Time Warner (A=
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ics Team Up for Fuel Cell Development PR Newswire: 10/17/2001 07:56 ET UPD=
ATE 1-GM (NYSE:GM), Suzuki to cooperate on fuel-cell cars Reuters: 10/17/2=
001 01:03 ET - - - - - MORE [IMAGE] PDYN News TABLE-Paradyne (NASDAQ:PDYN=
) posts third-quarter pro forma profit Reuters: 10/16/2001 16:29 ET Parady=
ne Reports Positive Earnings in Third Quarter; Paradyne Exceeds Expectation=
s - Earning $0.05 Per Share and Continuing to Improve Cash Position Busin=
essWire: 10/16/2001 16:08 ET Paradyne Announces Third Quarter 2001 Conferen=
ce Call; Tuesday, Oct. 16, 2001, at 5:30 p.m. ET BusinessWire: 10/09/2001 =
17:47 ET - - - - - MORE [IMAGE] FLDR News FLANDERS CORP FILES FORM 10-Q (=
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arnold-j/deleted_items/314.
|
subject: Thump! There go the prices!
content: [IMAGE] =09
[IMAGE] [IMAGE] [IMAGE] Dear John, The rumors are true: buy.com has=
the "Lowest Prices on Earth!" Now's the time to snap up the newest release=
s on DVD and video, CDs, and books. They're the best prices you'll find any=
where! As always, we thank you for choosing buy.com. Sincerely, Robe=
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[IMAGE] [IMAGE] [IMAGE] Cuttin' Heads: John Mellencamp $11.95 [IMAGE=
]more info You Save 27% [IMAGE] Cats & Dogs (VHS) $14.99 [IMAGE]more inf=
o You Save 35% [IMAGE] Star Wars Episode I: Phantom Menace (DVD) $18.95 [=
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7 [IMAGE]more info You Save 40% [IMAGE] Get Ready: New Order $12.99 [I=
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ake the Leap... $17.99 [IMAGE]more info You Save 36% [IMAGE] Fawlty Tow=
ers (Complete Series) (DVD) $39.49 [IMAGE]more info You Save 35% [IMAGE] =
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[IMAGE] Don't be afraid! Stock up and save in our Halloween Store. click =
here ! [IMAGE] - I would like to unsubscribe to this eMail - I would like =
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r the links above for more information including latest pricing, availabili=
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are trademarks of BUY.COM Inc. ? BUY.COM Inc. 2001. All rights reserved. =
=09
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| ||
arnold-j/deleted_items/315.
|
subject: BNP PARIBAS Commodity Futures AGA Survey......RESULTS!!
content: Here are this week's survey results.
AVG +52
AVG w/o High & Low +51
Median +51
Standard Deviation 11
# of Responses 55
High +92
Low +35
Last Year +29
Thank You!
Daryl Dworkin
BNP PARIBAS
_____________________________________________________________________________________________________________________________________
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/deleted_items/317.
|
subject: interviews
content: John, thanks for setting me up with Enron interviews. Your hr group is
very switched on. Thanks again, Marc
- winmail.dat
| ||
arnold-j/deleted_items/318.
|
subject:
content: Here is your fill on 270 Nov 02 vs. Jun 03 spreads
Futures were executed and cleared through Paribas.
You bought 135 June '03 at $3.33
You bought 135 June '03 at $3.32
You sold 270 Nov '02 at $3.275 LD Swapsto Smith Barney Tony Annunziato
| ||
arnold-j/deleted_items/319.
|
subject: Specialist Term Sheet
content: John,
We are meeting with Bo this Thursday in New York. Attached is a Specialist Term Sheet that we will use for our discussion. We will also be incorporating a technology term sheet in our discussions. Please review the attached and let me know of any comments you have. Thanks.
Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
[email protected]
| ||
arnold-j/deleted_items/32.
|
subject: Solar Migration - Third Notice - Time Change!!!!!
content: During the weekend of October 6 and 7, 2001 the Enterprise Storage Team will be migrating all production users off the current hardware (Solar) that houses their home and application directories (no production databases are affected, but client software will be) to new hardware.
This migration requires a total system outage of approximately 6 hours. The outage will occur Saturday night - beginning at 7:00 PM and will last until Sunday morning at 1:00 AM. All users will need to be logged off during this time period.
In order to validate the migration, production users need to test access to their home directories and applications on Sunday, October 7, 2001. If you do you experience any difficulties after the migration with access to home directories or applications, please call the resolution center at 713 853-1411. The resolution center will notify the appropriate resources.
The following attachment is a list of the mount points affected.
Bob Ambrocik
Enterprise Storage Team
EB 3429F
x5-4577
[email protected]
| ||
arnold-j/deleted_items/320.
|
subject: RE: Neural Networks
content: John, I dropped by yesterday and it looked like your meeting went over. I can drop by after market today or monday.
Ravi Thuraisingham, CFA
Director, Storage Trading
Enron Broadband Services
p 713.853.3057
c 713.516.5440
pg 877.680.4806
[email protected]
-----Original Message-----
From: Arnold, John
Sent: Wednesday, October 10, 2001 5:58 PM
To: Thuraisingham, Ravi
Subject: RE: Neural Networks
Any time tomorrow afternoon around 3 or 4:45 to discuss?
| ||
arnold-j/deleted_items/321.
|
subject: RE: Neural Networks
content: Yes, I can come by your floor around 5.
Ravi Thuraisingham, CFA
Director, Storage Trading
Enron Broadband Services
p 713.853.3057
c 713.516.5440
pg 877.680.4806
[email protected]
-----Original Message-----
From: Arnold, John
Sent: Wednesday, October 17, 2001 4:08 PM
To: Thuraisingham, Ravi
Subject: RE: Neural Networks
do you have any time today around 5?
-----Original Message-----
From: Thuraisingham, Ravi
Sent: Friday, October 12, 2001 9:56 AM
To: Arnold, John
Subject: RE: Neural Networks
John, I dropped by yesterday and it looked like your meeting went over. I can drop by after market today or monday.
Ravi Thuraisingham, CFA
Director, Storage Trading
Enron Broadband Services
p 713.853.3057
c 713.516.5440
pg 877.680.4806
[email protected]
-----Original Message-----
From: Arnold, John
Sent: Wednesday, October 10, 2001 5:58 PM
To: Thuraisingham, Ravi
Subject: RE: Neural Networks
Any time tomorrow afternoon around 3 or 4:45 to discuss?
| ||
arnold-j/deleted_items/322.
|
subject: RE:
content: better get used to it. its our world, you're just renting space and paying bills.
-----Original Message-----
From: Arnold, John
Sent: Wednesday, October 17, 2001 4:06 PM
To: Slone, Jeanie
Subject: RE:
me, me, me....you girls are all the same
-----Original Message-----
From: Slone, Jeanie
Sent: Tuesday, October 16, 2001 4:58 PM
To: Arnold, John
Subject:
hey stupid-it is almost yr-end. please do your mid-year reviews or i'm never going to squeeze limes for you again.
i can't believe i've been reduced to pathetic begging and empty threats. you're killing me.
| ||
arnold-j/deleted_items/323.
|
subject: Enron Mentions
content: USA: Enron seen facing long road to restore confidence.
Reuters English News Service, 10/17/01
USA: UPDATE 1-RTO seen key to boosting New England power supply.
Reuters English News Service, 10/17/01
Enron Seeks Replacement For AGA's Gas Storage Report
Dow Jones Energy Service, 10/17/01
Financial Post: News
Earnings: A Few Bright Spots in the Shadows Yesterday's earnings
National Post, 10/17/01
Bush to Nominate Kelliher to Open FERC Seat, White House Says
Bloomberg, 10/17/01
Energy Regulators May Loosen Price Caps on Western Power Sales
Bloomberg, 10/17/01
Enron Faces Questions Over Limited Partnerships, WSJ Reports
Bloomberg, 10/17/01
USA: Enron seen facing long road to restore confidence.
By Andrew Kelly
10/17/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, Oct 17 (Reuters) - Enron Corp. moved in the right direction by releasing more detailed financial data and tackling problems at peripheral businesses, but the energy giant still has a way to go to make Wall Street happy, analysts said Wednesday.
Enron, North America's biggest buyer and seller of natural gas and electricity, reported its first quarterly loss in more than four years on Tuesday. The company took $1.01 billion in charges and writedowns on ill-fated investments, measures Enron executives said credit rating agencies were comfortable with.
UBS Warburg analyst Ronald Barone said on Wednesday he was "not thrilled" by the announcement during a conference call to discuss third-quarter earnings. And for good reason.
Moody's Investors Service subsequently issued a statement saying it had placed all of Enron's long-term debt obligations on review for a possible downgrade.
"There appears to be much more work ahead before the lingering credibility issues that have vexed this company in the past are fully resolved," Barone said.
The writedowns on poorly performing assets and a more detailed breakdown of the company's operations went some way to appeasing Wall Street after a tumultuous year in which Enron's stock lost about two-thirds of its value, but analysts said they were not about to let Enron off the hook just yet.
Bear Stearns analyst Robert Winters said he remained concerned about Enron's quality of earnings and cash flow.
Winters said he believed Enron would have liked to take even bigger charges and writedowns, but was unable to do so without putting its credit ratings at risk, which could adversely affect some of the company's financing arrangements.
"Problem assets and overvalued assets on the balance sheet remain, particularly overseas," he said.
One such asset is Enron's 65 percent stake, valued at $1 billion, in the Dabhol power plant project in India, which has been stalled because of a long-running payments dispute with its only customer, a local utility company.
Enron's stock closed down $1.64, or 4.85 percent, at $32.20 on Wednesday.
For the year to date the stock is down about 61 percent, underperforming the Standard & Poor's utilities index , which has fallen some 24 percent over the same period.
Enron was a Wall Street favorite last year when its stock posted a gain of 87 percent, driven by enthusiasm for the company's broadband plans and the success of its EnronOnline Internet energy and commodity trading platform.
But the stock has fallen sharply this year as sentiment toward broadband soured, new chief executive Jeff Skilling resigned after just six months in the job and wrangling continued over the Dabhol power plant project.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 1-RTO seen key to boosting New England power supply.
By Scott DiSavino
10/17/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 17 (Reuters) - Energy companies said the future development of new power plants and transmission lines in the U.S. Northeast hinges, in part, on setting up a Northeast Regional Transmission Organization (RTO).
RTOs are predominantly for-profit groups established to bring all of a region's high-voltage transmission lines under central control while ensuring equal access to the lines to all power suppliers seeking to market their goods across the grid.
The Federal Energy Regulatory Commission (FERC), which oversees the interstate wholesale power market, believes RTOs will benefit consumers by enhancing competition among power providers, in turn improving service and driving down rates.
"If FERC can drive the Northeast RTO to closure in a reasonable period of time, it will accelerate the development of new transmission and generation," Enron Corp.'s managing director of global government affairs, Rick Shapiro, told Reuters.
Houston-based Enron is the nation's top energy marketer.
"How and when the RTO gets implemented will radically impact the market. It's crucial to the development of the market in New England," Mirant Corp. spokesman Ray Long told Reuters.
Energy provider Mirant, of Atlanta, has 1,400 megawatts (MW) of generation in New England. The company is currently adding another 700 MW to its Canal station in Massachusetts.
"Once we get the permits for Canal, we will reassess whether to proceed with the project. A big part of that assessment will depend on the RTO process," Long said.
THE NORTHEAST RTO
FERC wants to see four super-regional RTOs created in the U.S. - in the Northeast, Midwest, Southeast and West.
Several regions have taken long strides toward developing RTOs, including a not-for-profit model proposed in the Midwest and rival for-profit plans vying for FERC approval in the West.
FERC Chairman Patrick Wood, seeking to spur the development of RTOs, favors giving utilities until Dec. 15 to join one or forfeit their right to sell electricity in the wholesale market, though the commission has not voted on this plan.
The Northeast RTO will include New England, New York, the Pennsylvania-New Jersey-Maryland (PJM) region and possibly parts of eastern Canada.
FERC said it wants the Northeast RTO to be built on the PJM market platform and to include the best practices of the New England and New York markets.
PJM Interconnection, which operates the power grid in parts of Pennsylvania, New Jersey, Maryland, Delaware, Virginia and Washington, D.C., is the nation's only fully functioning RTO.
"The process FERC set in place to establish one RTO in PJM, New York and New England is going to get us where we need to be in terms of having a vibrant wholesale market," Long said.
Long said Mirant determined a single Northeast RTO would save more than $440 million annually by eliminating the "artificial borders that now exist between New York, New England and PJM."
An administrative law judge, acting as a mediator for FERC, considered three proposals for creating the Northeast RTO.
The three plans were proposed by interested parties, including Mirant and Enron, and the region's grid operators - the New York Independent System Operator (ISO) in New York, ISO New England in New England and PJM.
Last month, the judge asked the FERC to decide who will govern the Northeast RTO and what the timetable is to put the plan in place. The judge favored a plan put forward by the New York ISO and ISO New England.
"If FERC implements the RTO plan proposed by PJM in 2003, consumers could save $1.5 billion ... $440 million a year ... over the New York/New England plan, which would not be implemented until 2006," Long said.
Under the PJM plan, PJM would overlay its current market model across the entire region, while adopting some of the best practices of the other markets.
"Although nothing is perfect, PJM is widely accepted as the best market in the region. New York and New England, which are younger markets, are still works in progress with some bugs to work out," Enron's Shapiro said.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Seeks Replacement For AGA's Gas Storage Report
10/17/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
HOUSTON -(Dow Jones)- Enron Corp. (ENE), the nation's largest natural gas trading company, isn't ready to let the regular report on U.S. natural gas storage inventory die, a company executive said Tuesday.
Because the American Gas Association has said it will discontinue its weekly gas storage report at the end of the year, Enron would like to see another organization take over the report, said John Lavorato, president and chief executive of the company's Americas Wholesale Services unit.
Speaking at a meeting with analysts, Lavorato said the storage report is important for the gas industry to keep track of industry fundamentals.
Without a regular report on storage gas inventory, the gas industry can expect less frequent but greater price changes than seen in the past, he said.
The Department of Energy's Energy Information Administration publishes monthly data on gas storage, but the information isn't as timely as data the AGA reports each Wednesday.
The EIA issued its latest gas storage report Oct. 9. It showed the amount of gas in storage at the end of July. The data comes from reports filed by operators of gas storage facilities.
It also showed estimates of the amount of gas in storage at the end of August and September. Those estimates are generated by a computer model.
Wednesday's weekly storage report from the AGA will show estimated inventory as of Oct. 12. The AGA estimate is based on reports from gas storage facilities. That data is then run through an AGA computer model to generate the report.
Lavorato said he would like to see the EIA, the Interstate Natural Gas Association of America or consultants like PIRA Energy Group, an international energy consulting firm, take over reports on storage inventory.
INGAA is an industry trade group representing gas pipeline companies in the U.S., Canada and Mexico. They manage many of the gas storage facilities.
Lavorato would like to see a new report based on data that could be audited, he said.
He said he thinks the AGA has found itself "in the middle of something it didn't want to be in." Originally intended for use within the gas industry, the weekly AGA report has become high-profile, and is even watched by equity markets, he said.
Some industry participants have criticized the AGA report, wondering whether it can be manipulated by companies that supply data to the AGA. Many of those companies also trade physical gas and gas futures.
When the AGA has revised storage figures from previous reports, gas prices have sometimes reacted wildly.
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; [email protected]
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Financial Post: News
Earnings: A Few Bright Spots in the Shadows
Yesterday's earnings
National Post
10/17/2001
National Post
National
FP2
(c) National Post 2001. All Rights Reserved.
Maytag Corp. reported a third-quarter net loss of US$29.7-million yesterday, but said sales of its Maytag and Amana home appliances exceeded forecasts. Net income excluding charges was US45 cents a share.
Delphi Automotive Systems Corp. said third-quarter profit fell 82%. Third-quarter profit was US$26-million, (US5 cents), a drop from US$148-million (US26 cents) in the third quarter of 2000. Revenue was US$6.23-billion, down 6%.
Enron Corp. posted a third-quarter net loss as it chopped away at a tangled balance sheet with US$1.01-billion in charges, offsetting strong returns from its core wholesale trading and marketing division. Before charges profit was up 35%. Enron reported a net loss of US$638-million (US84 cents), compared with year-earlier net income of US$271-million, (US34 cents).
Netgraphe Inc., a Montreal-based Internet company, reported higher revenue and a reduced operating loss for its first quarter. But its net loss, which included depreciation, unusual items and amortization of goodwill related to acquisitions, rose to $11.7-million, up from $10.97-million. Netgraphe is the online division of Quebecor Inc.
Tellabs Inc., a telecommunications equipment maker, reported a third-quarter plunge as revenue fell by half. The Illinois-based company's results, including charges of US$60-million, fell to a loss of US$49.47-million (US12 cents), compared with a profit of US$187.3-million (US45 cents) last year.
Cott Corp., the world's largest supplier of store-brand soft drinks, reported a 40% rise in third-quarter profit, as beverage volumes soared nearly 25%. For the quarter ended Sept. 29, Toronto-based Cott, with annual sales of nearly US$1-billion last year, said it made a profit of US$11.1-million (US16 cents) up from a profit of US$7.9-million (US12 cents) in the previous year's quarter. Sales during the quarter rose 15% to US$302.5-million from US$263.5-million in the year-ago period.
Kraft Foods Inc. saw earnings rise 24% in the third quarter, its second as a public company. It earned US$522-million (US30 cents), compared with US$420-million (US24 cents) on a pro-forma basis, a year ago. Revenue slipped to US$8.06-billion from US$8.11-billion a year earlier.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Bush to Nominate Kelliher to Open FERC Seat, White House Says
2001-10-17 16:09 (New York)
Bush to Nominate Kelliher to Open FERC Seat, White House Says
Washington, Oct. 17 (Bloomberg) -- President George W. Bush
will nominate Joseph Kelliher, a policy adviser to U.S. Energy
Secretary Spencer Abraham, to fill the open seat on the Federal
Energy Regulatory Commission, the White House said.
If the Senate approves Kelliher, a former Republican counsel
for the House Energy and Commerce Committee, the commission will
have its full five members for the first time since Pat Wood,
Bush's first FERC appointee, became chairman Sept. 1.
``I hope they speed him through the process,'' said
Commissioner Nora Brownell, a Republican who was appointed by Bush
earlier this year. ``He is a thoughtful person who knows how to
work through issues.''
Kelliher's nomination comes as the commission has pledged to
closely monitor and investigate abuses in the electricity and
natural gas markets and promote competition. In the next month or
so, it is due to choose which groups will run the electric power
grid around the country, an important step in deregulating the
nation's power markets.
A former power industry lobbyist, Kelliher would fill the
opening left by the departure of Curt Hebert, a Republican
appointed by President Bill Clinton and named chairman by Bush.
Hebert left the commission Aug. 31 to join Entergy Corp. after the
White House made it clear Bush planned to make Wood the chairman.
With Kelliher, FERC will have three Republicans and two Democrats.
``Kelliher will be a valuable final addition to the team now
working actively to finish the transition to truly competitive and
dynamic power markets,'' said the Electric Power Supply
Association, which represents competitive power sellers such as
Enron Corp.
The commission is responsible for ensuring fair wholesale
electricity and natural gas prices.
Energy Regulators May Loosen Price Caps on Western Power Sales
2001-10-17 14:59 (New York)
Energy Regulators May Loosen Price Caps on Western Power Sales
Washington, Oct. 17 (Bloomberg) -- Federal regulators are
considering changes to wholesale price caps on electricity in
California and 10 Western states, which power producers hope will
allow them to charge more when supplies in the region are tight.
The Federal Energy Regulatory Commission plans a public
conference Oct. 29 to discuss altering the pricing formula. The
commission established caps in April and June, after skyrocketing
electricity costs led to insolvency for California's largest
utilities, units of PG&E Corp. and Edison International.
``We have heard and understand that people do think the
solution was very California-centric, and it was,'' FERC Chairman
Pat Wood said, indicating changes in the formula are likely. ``But
California's needs were very urgent at the time.''
While commissioners declined to say what they would be
willing to change about the pricing formula, they want to fine-
tune the caps before the winter, which is the peak period of
demand and may yet cause another jump in prices, Wood said.
Changes could be made next month.
The current pricing formula is based on the most-expensive
power generated in California. Enron Corp., Sierra Pacific
Resources and other sellers of power to California want the
formula to consider costs from all generators in the region.
Enron blamed the formula for a July 2 blackout in Nevada,
when sellers withheld supply because local prices were too low
based on the highest cost of supply then being offered in
California.
Lower Power Costs
Though the cost of wholesale power in California has dropped
since the commission ordered the first emergency cap on April 25,
Wood said the Western states may face another shortage of power
and high prices this winter.
The Pacific Northwest depends on hydropower for much of its
energy needs, and rainfall has been below normal this year. Part
of the shortfall in power last year and early this year was the
result of a drought that reduced power available from dams.
``I remain concerned about that part of the country,'' Wood
said. ``It has not been raining a whole lot out there.''
The average price for a megawatt-hour at the California-
Oregon border in September was $24.91, down from $313.70 in April.
A megawatt-hour is enough electricity to power about 750 average
California homes for an hour.
On the agenda for this month's conference is a proposal to
link the formula to the price of natural gas, a fuel used in many
generating plants.
``I'm not predisposed for or against specific changes,'' said
FERC Commissioner Nora Brownell. The Oct. 29 conference will help
the commission determine aspects of the price control that the
parties involved agree are working and those that are not, she
said.
Surcharge
In a related matter, the commission also may halt the 10
percent surcharge it permits generators to charge in California to
cover the costs of collecting bad debt. The insolvent California
utilities now have plans to pay off their debts.
For power sellers in the West, the current price caps often
require utilities to sell their excess power at a loss, Enron,
Sierra Pacific and other marketers said in statements to the
commission. They said the price they sometimes pay for power is
higher than the cost of supply from the most-expensive producer in
California.
``The determination of the proxy price should not be limited
to California generators,'' Enron said in a government filing. It
should be ``determined by the least-efficient generator in the
entire West.''
Power marketers also should be allowed to recover
``justifiable costs above the proxy prices,'' Enron wrote.
California officials had demanded the price controls after
PG&E's Pacific Gas & Electric and Edison's Southern California
Edison racked up more than $14 billion in power-buying losses.
The caps were extended to other Western states -- Oregon,
Washington, Arizona, Nevada, Wyoming, New Mexico, Colorado,
Montana, Idaho and Utah -- in June because some said generators in
the West could simply get around the cap by selling outside
California when prices were higher elsewhere. The caps don't
expire until Sept. 30, 2002, though they can be changed.
California said before the price cap was extended to other
states that it sometimes had to outbid buyers in neighboring
states at prices above the caps to buy enough electricity to avoid
blackouts.
On July 2, Sierra Pacific cut supplies to 10,000 customers
for 45 minutes when temperatures soared and three power plants
were idled. It couldn't buy 50 megawatts of power in the spot
market, partly because of suppliers' concerns with the federal
cap, company spokesman Paul Heagan said at the time.
Enron Faces Questions Over Limited Partnerships, WSJ Reports
2001-10-17 10:11 (New York)
Houston, Oct. 17 (Bloomberg) -- Enron Corp. is facing
questions over agreements with two limited partnerships run by its
chief financial officer, Andrew Fastow, the Wall Street Journal
reported.
Fastow set up LJM Cayman LP and LJM2 Co-Investment LP with
the approval of Enron's board. The partnerships have engaged in
billions of dollars of complex hedging transactions with Enron
involving company assets and Enron stock, the paper said. It isn't
clear from U.S. Securities and Exchange Commission filings what
Enron received in return.
Enron said about $35 million of its $1.01 billion charge
reported yesterday was connected with the partnerships and
involves the ``early termination ... of certain structured finance
arrangements,'' the paper said. Chief Executive Officer Kenneth
Lay said in an earlier interview that related transactions
involving top managers aren't unusual, the paper said.
According to the arrangement, the general partner, made up of
Fastow and at least one other Enron employee, received a
management fee of as much as 2 percent annually of the total
amount invested, the paper said, citing the LJM2 offering
document. Fastow declined to comment, the paper said.
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