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arnold-j/discussion_threads/514.	subject: daily charts and matrices as hot links 5/14 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/crude41.pdf Natural Gas http://www.carrfut.com/research/Energy1/ngas41.pdf Distillate http://www.carrfut.com/research/Energy1/hoil41.pdf Unleaded http://www.carrfut.com/research/Energy1/unlded41.pdf Nat Gas Strip Matrix http://www.carrfut.com/research/Energy1/StripmatrixNG41.pdf Nat Gas Spread Matrix http://www.carrfut.com/research/Energy1/SpreadmatrixNG41.pdf Crude and Products Spread Matrix http://www.carrfut.com/research/Energy1/SpreadmatrixCL41.pdf Carr Futures 150 S. Wacker Dr., Suite 1500 Chicago, IL 60606 USA Tel: 312-368-6149 Fax: 312-368-2281 [email protected] http://www.carrfut.com	[email protected]	[email protected]
arnold-j/discussion_threads/515.	subject: Nat Gas market analysis for 5-14-01 content: Attached please find the Natural Gas market analysis for today. ? Thanks, ? Bob McKinney - 5-14-01 Nat Gas.doc	[email protected]	[email protected]
arnold-j/discussion_threads/516.	subject: NYTimes.com Article: Energy Industry Raises Production at a Record content: This article from NYTimes.com has been sent to you by [email protected]. /-------------------- advertisement -----------------------\ Looking for better IT solutions? Toshiba is uniting digital, mobile and network innovations in a bold new vision of Information Technology for today and tomorrow. Take a closer look at life in the new Digital Age. And imagine how good IT can be. Visit Toshiba.com for more details. http://www.nytimes.com/ads/toshiba/index.html \----------------------------------------------------------/ Energy Industry Raises Production at a Record Pace By JOSEPH KAHN and JEFF GERTH The energy industry is drilling for natural gas, building gas pipelines and constructing power plants at an unprecedented pace as companies respond to high energy prices by significantly boosting investment. http://www.nytimes.com/2001/05/13/politics/13ENER.html?ex=990843468&ei=1&en=ea 3f7def0d7bb148 /-----------------------------------------------------------------\ Visit NYTimes.com for complete access to the most authoritative news coverage on the Web, updated throughout the day. Become a member today! It's free! http://www.nytimes.com?eta \-----------------------------------------------------------------/ HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact Alyson Racer at [email protected] or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to [email protected]. Copyright 2001 The New York Times Company	[email protected]	[email protected]
arnold-j/discussion_threads/517.	subject: RE: content: i think thats rite -think curve flattens somewhat.back end the overvalued part for now. i think we more consolidate sideways choppy for a few sessions but if the present rate of injections continue the end users/utilties will have to stop buying cuz of real phys limitations to take the gas into storage. funds short but only 6% of open int and have covered later part of last week. think vol comes in again too.i think it sale 4.50 scale up-talked to some others to o thinking it cant go below 4.00 so i actually think more the suprise in the short term for a break of 4.00!! so who knows/cud work the other way. agree-disappointed at lack of producer selling-we had one deal come thur but its been worked for months so not price relevant. when are you in town next? -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Sunday, May 13, 2001 6:34 PM To: LaFontaine, Steve Subject: Re: most bullish thing at this point is moving closer to everyone's psychological $4 price target and that everybody and their dog is still short. next sellers need to be from producer community. saw a little this week with williams hedging the barrett transaction but wouldnt say thats indicative of the rest of the e&p community. short covering rallies will get more common here. velocity of move down has slowed significantly for good (except maybe in bid week). my concern is if we go to $4 and people want to cover some shorts, who's selling it to them? might feel a lot like it did when we were trying to break $5.	[email protected]	[email protected]
arnold-j/discussion_threads/518.	subject: Enron Mentions - 05/14/01 content: Saudis Set to Select Firms for Gas Projects The Wall Street Journal, 05/14/01 Cheney task force seeks input from interest groups Associated Press Newswires, 05/14/01 COMPANIES & FINANCE UK: Independents drill deep to strike rich seams: A new generation of smaller oil companies is emerging; a group that has discovered how to be competitive, writes David Buchan: Financial Times; May 14, 2001 Bush energy team covers all the bases Chicago Tribune, 05/14/01 QATAR: UAE's Dolphin may seek new partners if Enron exits. Reuters English News Service, 05/14/01 UAE: UPDATE 1-Saudi expected to name gas race winners on Tuesday. Reuters English News Service, 05/14/01 Saudi Oil Council To Meet Tue On Gas Projects -Sources Dow Jones Energy Service, 05/14/01 RFID chip will help speed up business The New Straits Times, 05/14/01 India: Godbole panel report may suggest MSEB bifurcation Business Line, 05/14/01 Tertiary will be primary Business Standard, 05/14/01 Acegas shares, potential for growth (Acegas, le potenzialita di crescita del titolo) La Repubblica, 05/14/01 Roundabout to the Oval Office The Washington Post, 05/14/01 Largest LNG 13 Conference Opens Today Korea Times, 05/14/01 International Saudis Set to Select Firms for Gas Projects By Bhushan Bahree Staff Reporter of The Wall Street Journal 05/14/2001 The Wall Street Journal A16 (Copyright (c) 2001, Dow Jones & Company, Inc.) NEW YORK -- After more than two years of talks, Saudi Arabia is about to announce its choice of international oil companies for three huge natural-gas projects that will mark a reopening of the kingdom's energy sector to Western investment, a quarter century after it was nationalized. But the announcement, and the signing of memorandums of understanding early next month, will mark only the beginning of serious negotiations on terms for the three ventures, which together will need investment of some $25 billion. It will be months before final agreements are signed. "We expect to have an agreement -- a final agreement -- signed somewhere at the end of the year, or, hopefully, the first quarter of next year," said Saudi Oil Minister Ali Naimi in an interview last week. Saudi Arabia's 11-member Supreme Petroleum Council is expected to meet today to endorse the companies recommended by a ministerial committee led by Foreign Minister Prince Saud al-Faisal. In the following week, Saudi Arabia is expected to communicate its decision to the oil companies from both sides of the Atlantic that have been vying for a role in the three projects. By the end of the month, the chosen consortium members and Saudi officials are expected to agree on which three companies will lead the projects. This will be a prestigious role in a country that is the world's largest oil exporter, has more than a quarter of the world's oil reserves and has the fifth-largest reserves of natural gas. As with any negotiations for such huge projects, industry rumors abound. All three so-called oil supermajors -- Exxon Mobil Corp., Royal Dutch/Shell Group and BP PLC -- have been mentioned as project leaders, particularly for the plum Ghawar project, named after the world's largest onshore oil field, whose environs are expected to yield large volumes of gas. The Ghawar project, known as Core Venture 1, is projected to require about $15 billion in investment. Core Venture 2 is on the Red Sea coast. The third project is in Shaybah, a recently developed oil field in the kingdom's Empty Quarter, a southeastern region bordering the United Arab Emirates. The companies say they have no idea who will be named to the consortia, or who the Saudis will choose from a short list of 11 companies -- Exxon Mobil, Shell, BP, Chevron Corp., TotalFinaElf SA, ENI SpA, Enron Corp., Occidental Petroleum Corp., Marathon Oil Canada Inc., Conoco Inc. and Phillips Petroleum Corp. -- to lead each project. But they all have their hopes. "We would be very disappointed if we are not the lead operator" for the Shaybah project, said Archie Dunham, Conoco's chairman and chief executive. Since Saudi Crown Prince Abdullah invited major oil companies to return to the kingdom in October 1998, negotiations have focused on such broad issues as the scope of the projects and their integrated nature -- from exploration and production of gas to the making of petrochemicals and electricity -- as well as the notion that the companies will need adequate returns on their investment. Soon, the project leaders will have to start the bargaining on such issues as the roles to be played by national champions Aramco and petrochemicals company Saudi Basic Industries Corp. --- Alexei Barrionuevo in Houston contributed to this article. --- Population Pressure Saudi Arabia is opening up its energy sector, in a bid to bolster the economy as population grows -- Population 21.3 million (growing over 3.5% per year) -- Unemployment rate* 27%-35% of males -- Real GDP Growth Rate 7.6% -- Oil Production 9.3 million barrels per day -- Natural-Gas Reserves 204.5 trillion cubic feet -- Natural-Gas Production/Consumption 1.68 trillion cubic feet Unofficial estimate for 1999 Note: Figures are estimates for 2000 except natural-gas production, which is for 1999 Source: U.S. Energy Information Administration Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Cheney task force seeks input from interest groups By SHARON THEIMER Associated Press Writer 05/14/2001 Associated Press Newswires Copyright 2001. The Associated Press. All Rights Reserved. WASHINGTON (AP) - The White House team developing a national energy plan has met with more than 130 interest groups, from environmentalists and unions often at odds with Republicans to major Bush supporters given private sessions with Vice President Dick Cheney. The vice president, Cabinet secretaries and others on a special task force have solicited ideas behind closed doors, hoping the privacy would encourage a free exchange of ideas. The White House has declined to provide names of participants - even to Congress. But interviews with participants detail a massive outreach where diverse interests have met with task force executive director Andrew Lundquist. Cheney's time has been reserved for meetings with more select participants such as power wholesaler Enron Corp. and the Edison Electric Institute, both GOP donors. Houston-based Enron is the world's top buyer and seller of natural gas and electricity. "The way the task force is set up, they don't have the staff or time to have a huge host of companies come through the door. They have told us to work through our associations to the extent we can," said Don Duncan, vice president of government relations for Phillips Petroleum Co. Participants said the meetings, typically 20 minutes to 45 minutes, included about a dozen to 100 interest group members and a few task force members and staff. No details were disclosed. Instead, administration representatives summarized the nation's energy problems or listened as groups briefly offered background and proposals. Many sent detailed materials to the task force outlining their priorities. At a half-hour meeting in late March with White House strategist Karl Rove and Bush economic adviser Larry Lindsey, nuclear energy executives tried to make sure the two knew about the production records the industry has set over the past few years. At one point, Rove asked if anyone was looking to build a nuclear power plant. An executive with Exelon replied that his company was thinking about it, meeting participants said. Energy Secretary Spencer Abraham has attended several meetings, including one with Teamsters President James Hoffa and an hourlong session in California with Democratic Gov. Gray Davis, who contends the administration has done little to help the power-strapped state. Like other governors, Davis was asked to provide one page on the state's power crisis, including a description of the problem, an anecdote about it and possible solutions. "They're asking for a one-page memo on possibly the biggest crisis ever affecting the state, with a massive ripple effect for the nation," Davis spokesman Steve Maviglio said. "I think it demands more attention than a one-page memo." Cheney spokeswoman Juleanna Glover Weiss said the task force has been studying the California problem almost daily. At a meeting between Abraham and about 100 coal industry representatives in late April, task force staffers handed out a briefing packet that outlined national energy needs, and then they listened to industry proposals. "I thought the purpose was one, to reassure people in the coal industry that coal was going to play a large role in the energy mix, and essentially when the plan is unveiled that they're going to be looking to people to help martial this through Congress," said Bill Banig, a lobbyist for the United Mineworkers Union. White House officials said the meetings are not designed to encourage lobbying and that task force members were carefully instructed on what was permissible under federal law. Cheney's meetings included Enron, Edison Electric Institute, California Republicans, and the senators from Nevada, home to the proposed Yucca Mountain federal nuclear waste site. The vice president plans to meet with the renewable-energy industry this week. Enron ranked among Bush's top 10 presidential campaign contributors, giving more than $110,000, and helped sponsor a $7 million party fund-raiser last month. The Edison Electric Institute gave Republican candidates more than two-thirds of its $193,000 in contributions last year. Edison International, whose holdings include the Southern California Edison electric utility, is also a major donor, giving $535,000 to Republicans last year and $330,000 to Democrats. Enron spokesman Mark Palmer said Cheney met with Enron executives because the power wholesaler is a respected member of the industry, not because it was a contributor. Enron wants the administration's energy plan to ease electricity transmission bottlenecks, give companies incentives to invest in new transmission and make the wholesale power market as open as possible, he said. Tom Kuhn, the institute's president, said it is "totally ludicrous" to think political donations played a role. Cheney's meeting with Edison board members, held at the institute's invitation, lasted 15 minutes to 20 minutes. Cheney spoke about the task force process, Kuhn said. He said Cheney's remarks were consistent with the vice president's public statements. Edison wants to see new generation and transmission systems built, including coal, natural gas and nuclear and hydroelectric power, Kuhn said. Democrats in Congress sought a list of participants in the meetings, but Cheney's office responded by only listing broad categories and no names. That has left fodder for political attack. "You can't just take advice from one interest group or set of interest groups when you do these things," said Dave Albersworth of the Wilderness Society, whose group has met with Lundquist but was denied its request to talk with Cheney. Weiss countered that the energy task force has collected information from more than 130 groups since January in an "almost Herculean effort" to draw input from all sides. "People deserve the right to petition their government and not expect a full laundry list of who's called to be announced," she said. Enron spokesman Palmer said he is not seeking such privacy. "I'm happy to tell people what we're advocating for. I'd rather be talking about policy than about politics," he said. --- On the Net: White House Energy Task Force: http://www.whitehouse.gov/news/usbudget/blueprint/bud10.html Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. COMPANIES & FINANCE UK: Independents drill deep to strike rich seams: A new generation of smaller oil companies is emerging; a group that has discovered how to be competitive, writes David Buchan: Financial Times; May 14, 2001 By DAVID BUCHAN The UK's listed small oil companies may have dwindled in number. But they can rightly say, echoing Mark Twain's words, that reports of their collective demise are exaggerated. Indeed, many in the UK-based exploration and production companies, dubbed "independents" in the sense of being untied to any refining and marketing, believe they have more of a role than when their kind first started operating in the North Sea 30 years ago. After the takeovers in recent years of Lasmo, Monument and British Borneo, there may only be about a dozen significant UK-based "independents" left. Yet they amount to virtually the entire European E&P sector: the only significant exception being Lundin Oil of Sweden. Many of the UK independents began life as local partners of US companies in the 1970s when the Labour government of the period gave preference to consortia with a local flavour. But this rationale disappeared when the Thatcher government took a more free-for-all approach to letting anyone develop the North Sea - though at the same time it did create the biggest UK independent by floating off British Gas' oil interests as Enterprise Oil. Enterprise is the only UK independent that is more than a niche or regional player. As such its E&P assets would be a significant addition to an oil major, hence the persistently rumoured interest in taking it over. As the North Sea became more competitive and difficult, some of the UK-based independents began to look elsewhere. "Unlike US independents which have always tended to be less interested in drilling outside North America, those in the UK have always tended to be more sympathetic to exotic parts of the world", says Mark Redway of Teather and Greenwood. Unfortunately, the obvious exotic new province that happened to open up in the early 1990s was the former Soviet Union. One company, Ramco Energy, dipped in and out very successfully, recently selling its 2 per cent stake in the Azerbaijan International Oil Consortium for Dollars 150m (Pounds 104.8m). Other UK independents - Aminex, Soco and Dana Petroleum - ventured into Russia and got stuck. While Aminex finds it hard to downplay Russia (because it has little elsewhere), Soco these days stresses its Mongolia and Vietnam operations. Another UK independent, JKX Oil & Gas, went into Ukraine, a country notorious for non-payment of energy bills. With diplomatic help from Tony Blair, the prime minister, JKX has just survived a legal attempt to rob it of its Ukraine assets. Two other independents have sunk more fruitful roots in Asia. "Cairn Energy now has as big a stake in Bangladesh's gas production as Shell, and it would be left, if Enron (the US energy company) were to quit India, as the biggest foreign player in India," says Iain Reid of UBS Warburg. Premier Oil is now a substantial Asian gas company, with production in Burma, Indonesia and Pakistan and long term contracts in Thailand and Singapore. But there are risks in these Asian ties. The obvious political one concerns Burma. Last year the UK government asked Premier to quit Burma because its presence was helping the military regime. Premier refused, and said it would carry on. The other risk, according to Mr Redway, is economic and it applies also to Cairn. Because there is no real world market for gas, Cairn and Premier are "very dependent on the strength of the local economies". But then, Mr Redway is an analyst who believes that independents' competitive edge lies in exploration rather than production. He therefore rates Fusion Oil & Gas highly as "the purest exploration investment opportunity in the E&P sector". Dana similarly vaunts its exploration expertise, but to a different end. Its goal, according to Tom Cross, chief executive, is to find oil and then swap exploration for production assets. "This avoids the expensive development stage of building platforms and pipelines and so on". Then at the other end of the spectrum are production-focused companies, such as Paladin, Tullow Oil or Venture Production. Roy Franklin, Paladin's chief executive, makes no bones about his company's scavenger strategy, spotting rich pickings overlooked by the majors. The majors are not always ready to sell, particularly recently when the oil price rise has widened the gap in price expectations between buyers and sellers. But Paladin was last year able to buy PetroCanada's assets in Norway, and is this year interested in bidding for some of what the Norwegian state is selling off. As its name suggests, Venture Production, a private Aberdeen-based company with North Sea and Trinidad operations, is focused on extraction, not exploration. And so are other private companies such as Intrepid, Consort Energy and Highland Energy, formed in the past three or four years. This new generation of company tends to be more cautious than the older one. "Exploration has probably been the best way to destroy shareholder value," says one executive. The other risk the new oilmen want to avoid is the vagaries of the stock market. "By focusing on production, the new companies are more predictable in terms of cash flow and earnings," says Mike Wagstaff, Venture's finance director. Copyright: The Financial Times Limited News Bush energy team covers all the bases Sharon Theimer, Associated Press 05/14/2001 Chicago Tribune North Sports Final ; N 13 (Copyright 2001 by the Chicago Tribune) The White House team developing a national energy plan has met with more than 130 interest groups, from environmentalists and unions often at odds with Republicans to major Bush supporters. Vice President Dick Cheney, Cabinet secretaries and others have solicited ideas behind closed doors, hoping the privacy would encourage a free exchange of ideas. The White House has declined to provide names of participants even to Congress. But interviews with participants detail an outreach program where diverse interests have met with task force executive director Andrew Lundquist. Cheney's time has been reserved for meetings with more select participants such as power wholesaler Enron Corp. and the Edison Electric Institute, both GOP donors. "The way the task force is set up, they don't have the staff or time to have a huge host of companies come through the door. They have told us to work through our associations to the extent we can," said Don Duncan, vice president of government relations for Phillips Petroleum Co. Participants said the meetings, typically 20 minutes to 45 minutes, included a dozen to 100 interest group members and a few task force members and staff. No details were disclosed. Instead, administration representatives summarized the nation's energy problems or listened as groups briefly offered background and proposals. Many sent detailed materials to the task force outlining priorities. Energy Secretary Spencer Abraham has attended several meetings, including one with Teamsters President James Hoffa and an hourlong session in California with Democratic Gov. Gray Davis, who contends the administration has done little to help the power-strapped state. Like other governors, Davis was asked to provide one page on the state's power crisis, including a description of the problem, an anecdote about it and possible solutions. "They're asking for a one-page memo on possibly the biggest crisis ever affecting the state, with a massive ripple effect for the nation," Davis spokesman Steve Maviglio said. "I think it demands more attention than a one-page memo." Cheney spokeswoman Juleanna Glover Weiss said the task force has been studying the California problem almost daily. At a meeting between Abraham and 100 coal industry representatives in late April, task force staffers handed out a briefing packet that outlined national energy needs, and then they listened to industry proposals. "I thought the purpose was one, to reassure people in the coal industry that coal was going to play a large role in the energy mix, and essentially when the plan is unveiled that they're going to be looking to people to help marshal this through Congress," said Bill Banig, a lobbyist for the United Mineworkers Union. White House officials said the meetings are not designed to encourage lobbying. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. QATAR: UAE's Dolphin may seek new partners if Enron exits. By Kedar Sharma 05/14/2001 Reuters English News Service (C) Reuters Limited 2001. DOHA, May 14 (Reuters) - Dolphin Energy Ltd (DEL) may invite new foreign investors to join its project to route Qatari gas to the United Arab Emirates as U.S. Enron Corp looks set to bow out, industry sources said on Monday. "New partners are a possibility," Khaldoun al-Mubarak, project manager for DEL, majority owned by the UAE's Offsets Group (UOG), told Reuters. "But at the moment we are in the midst of finalising the formal (development and production sharing) agreement with Qatar which should be done by September at the latest." Qatar and DEL in March signed a "commercial term sheet agreement" which outlined the conditions of the upstream agreement for the long-awaited $3.5 billion project. UOG currently owns 51 percent of DEL, with the remainder held equally by France's TotalFinaElf and Enron. "Enron is going through major global restructuring," Mubarak said. "(But) they haven't officially notified us about their intention to pull out." Enron officials declined comment. Mubarak said interest in DEL was running high. "Everyone is asking for a stake," he said. The gas deal would entitle DEL to develop a tract of Qatar's giant North Field and produce up to two billion cubic feet per day (cfd) of gas. UOG is to invest $2 billion in developing the North Field tract, drilling and setting up production facilities. The remaining $1.5 billion would be invested to lay a pipeline and set up receiving terminals at Dubai's Jebel Ali and Taweelah in Abu Dhabi. First gas is targeted to reach the UAE capital Abu Dhabi by late 2004 or early 2005. About one billion to 1.5 billion cfd of Qatari gas would be consumed by utilities in Abu Dhabi with the remainder supplied to Dubai. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. UAE: UPDATE 1-Saudi expected to name gas race winners on Tuesday. By Peg Mackey 05/14/2001 Reuters English News Service (C) Reuters Limited 2001. DUBAI, May 14 (Reuters) - Saudi Arabia's Supreme Petroleum Council (SPC) is expected to meet on Tuesday and announce the oil majors chosen for its multi-billion dollar gas investment opening, industry sources familiar with the negotiations said on Monday. The sources said the SPC is expected to name ExxonMobil and Royal Dutch/Shell as lead players in three so-called core projects involving the kingdom's upstream gas sector - off-limits to foreign oil firms since nationalisation in 1975. Signing of memoranda of understanding (MOUs) would most probably take place in early June, the sources said. The anticipated announcement would mark the biggest advance in the kingdom's gas initiative, valued at an initial $25 billion, since Riyadh unveiled its energy investment opening over two years ago. But the hard work has yet to start on the opening of Saudi Arabia's gas sector, the world's fourth biggest. "The fiscal regime and regulatory details have not been developed," said one source. FINAL CUT Riyadh is expected to trim back its original shortlist of 11 potential foreign investors revealed last summer. Those companies had been grouped under three core venture consortia - South Ghawar, Red Sea and Shaybah. For ExxonMobil and Royal Dutch/Shell, securing the lead role in Saudi Arabia's core ventures would entitle them to operate the package and get the biggest slice of the projects, analysts said. Other industry sources said ExxonMobil, the world's biggest energy company, was tipped for the top slot in core venture 1 (South Ghawar) as well as in core venture 2 (Red Sea). Royal Dutch/Shell was in pole position for core venture 3 (Shaybah), the sources added. Both oil supermajors already have significant foreign investment in the kingdom and feature as top customers of Saudi oil, the analysts said. ENERGY DRIVERS An urgent need to create jobs and grow the economy are driving Saudi Arabia's landmark energy opening. And analysts said big oil companies were prepared to help the kingdom achieve those aims even if the return on their investment was relatively low. "Major oil companies just cannot miss this opportunity," a source said. "The gas projects will show profits." But just how much revenue oil companies will generate by selling water and electricity in the Saudi domestic market remains to be seen. On paper, at least, the kingdom's domestic gas sector looks set for impressive growth. Domestic gas demand, now running at about 3.4 billion cubic feet per day, is forecast to grow at more than seven percent a year over the coming decade. Saudi Arabia has meanwhile made clear that its prized oil sector, the world's biggest, remains off limits. Even so, oil companies still hold out hope for eventual involvement in oil, the kingdom's lifeblood. "The companies are just as happy with gas, but oil remains the ultimate objective," a regional analyst said. "Saudi Aramco is still putting up strong defence barriers, but eventually they could open up the oil sector once they feel comfortable working with the majors." The Saudi gas initiative seeks foreign oil companies' help in developing the kingdom's known gas reserves as well as investment in downstream projects fed by gas supplies, such as power and desalination. The following companies have been shortlisted for the gas projects: Core venture 1 (South Ghawar Area) - ExxonMobil, Royal Dutch/Shell, BP , TotalFinaElf , Chevron and ENI . Core venture 2 (Red Sea Area) - TotalFinaElf, ExxonMobil, Marathon , Enron /Oxy , Conoco , Royal Dutch/Shell. Core venture 3 (Shaybah Area) - Royal Dutch/Shell, ExxonMobil, Marathon, Conoco, TotalFinaElf, Phillips and Enron/Oxy. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Saudi Oil Council To Meet Tue On Gas Projects -Sources 05/14/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) DUBAI -(Dow Jones)- International oil companies vying for a stake in Saudi Arabia's downstream gas projects, expect to be notified soon on whether they have been selected to participate, industry sources in the kingdom said Monday. Saudi Arabia's Supreme Petroleum Council is set to meet Tuesday and shortly after, announce its final selection for each of the three core ventures on offer, the sources said. The Saudi Arabian committee negotiating with international oil companies on the Gas Initiative, submitted its proposals for consortium members and leaders to the country's Ministerial Council in April. These were then passed on to the SPC for final approval. Saudi Arabia's Crown Prince Abdullah, who heads the SPC, is in Bahrain Monday attending a Gulf Cooperation Council leaders' summit along with Saudi Arabia's foreign minister, Saud Al Faisal, who heads the gas negotiating committee. Saudi Arabia invited international oil companies in October 1998 to participate in proposals for downstream gas projects and upstream gas enhancement. After a series of meetings between the negotiating committee and IOC's in the past year, the following companies were shortlisted for each project. Royal Dutch/Shell Group (RD), BP PLC (BP), Exxon Mobil Corp. (XOM), Chevron Corp. (CHV), Total Fina Elf S.A. (TOT) and ENI SpA (E) for Core Venture 1, the $15 billion South Ghawar Area Development. For Core Venture 2, the Red Sea Development, Enron Corp. (ENE) and Occidental Petroleum Corp. (OXY) are bidding jointly and Exxon Mobil, Total Fina Elf, Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA) were listed. And for Core Venture 3, the Shaybah area, Total Fina Elf, Conoco, Phillips Petroleum (P), Enron and Occidental, Exxon Mobil, Shell and Marathon Oil were listed. With all those shortlisted expected to play some role, the immediate and essential question for each of the IOC's is whether they will be selected to lead and operate a project, with Core Venture 1 the most sought after, industry sources said. Exxon Mobil and Shell have been tipped as frontrunners for this venture. The operator's role will be more crucial than ever here as it will be responsible for directing further negotiations on the projects at hand which will lead to final deals probably by year end. Also, operators are expected to decide and direct how the project's individual and large components will be developed, details the Saudis haven't finalized, sources said. The three ventures have been estimated at a combined value of about $25 billion. -By Dyala Sabbagh, Dow Jones Newswires; 9714-331-4260; [email protected] Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Business RFID chip will help speed up business 05/14/2001 The New Straits Times Main/Lifestyle; 2 26 (Copyright 2001) THE combination of recently developed "stick-on" Radio Frequency Identification (RFID) chip technology with a global positioning system (GSP) will transform and quicken the pace of doing business in the oil and gas industry. And Malaysia must adapt to this shift to maintain her global positioning. Global management and technology consultant Global Energy Strategy Practice which is working in partnership with Accenture Sdn Bhd wants to promote this idea locally. Global Energy Strategy Practice partner Paul Spence said that applying this latest combined technology, car owners can fill up a petrol tank without resorting to human contact or to the use of a credit card. Relevant personal data embedded in the RFID chip would be machine read and the required quantity of petrol delivered, as if right out of a science fiction movie. This surreal development is made possible through the application of ubiquitous-commerce (u-commerce) whereby computers and machines communicate with each other to affect an impression of an omnipresent intelligence. Such technology is economically available today. "There are technology suppliers who are offering these capabilities." The technology also has applications outside the oil and gas industry. Communications between machines can now allow or deny access of individuals to restricted zones. In an interview in Petaling Jaya recently, Spence said: "A lot of my clients now are asking, whether that same technology can be used to restrict access into hazardous areas, plants or production sites. "Can a warning alarm be fitted to the individual or to an assistant? There are lots of safety, health and environment applications around that." "Guru in the field" is another potential application where a combination of RFID chips, video cameras, personal digital assistants (PDA) and personal computers can deliver distant technical advice on- site. "An industry client operating in the North Sea oil fields has a prototype mounted on a workman's helmet which sends snap-shots to experts on the other side of the world. "The effect of this new combined technology on global financial and commodity markets is to lock them in tighter correlation. "The days of being able to arbitrage for profits between geographical markets are shortening within the energy industry. Enron which is the biggest oil trader in the US is now hedging on weather derivatives." Accenture partner Lim Beng Choon said that to compete globally, the oil and gas industry in Malaysia would have to implement this new technology to remain connected to global markets. Caption: Lim ... connected. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. India: Godbole panel report may suggest MSEB bifurcation 05/14/2001 Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) - Asia Intelligence Wire MUMBAI, May 13. THE second part of the Dr Madhav Godbole committee report is expected to be submitted to the State Government on May 15. While the first part of the report recommended renegotiation of the power purchase agreement with Enron's Dabhol Power Company, the second part is expected to suggest bifurcation of the Maharashtra State Electricity Board, sources said. The committee, which has been given the mandate to negotiate with Enron officials to make DPC power more acceptable, had a marathon meeting on May 11 to finalise the second half of the report. "The committee has been considering the bifurcation of MSEB," a source said. "The idea is to try and separate the distribution from generation and transmission." While generation and transmission can be controlled by the State, there may be a suggestion to privatise the distribution arm. Over 1.5 lakh MSEB employees had gone on a strike to oppose a Bill to unbundle the board into three divisions - generation, transmission and distribution - due to fear of privatisation. MSEB, the State's leading power company, has been facing huge losses due to delay in payments and theft of power. The second part of the report is expected to address the problem in detail. Part one of the report submitted on April 10 had said: "...none of the solutions espoused for independent power producers, in general, and DPC, in particular, is tenable without the reforms of MSEB, especially its distribution business, which it shall address in part II of the report." The report is expected to "suggest appropriate measures to ensure that the interests of the State, MSEB and electricity consumers of the State of Maharashtra are properly and adequately considered, evaluated and safeguarded," according to the terms of reference laid down when forming the committee. The committee originally consisted of Dr Madhav Godbole, Mr Deepak Parekh, Dr E.A.S. Sarma, Dr Rajendra Pachauri and the State Energy Secretary, Mr Vinay Mohan Lal. The MSEB Chairman, Mr Vinay Bansal, has been inducted as part of the panel after the submission of the first part and before the beginning of negotiations with Enron. Archana Chaudhary Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. The Smart Investor Tertiary will be primary Indira Vergis 05/14/2001 Business Standard 2 Copyright (c) Business Standard These are volatile times for world business. There are increasing jitters that a slowing US economy could dampen prospects for the global economies. Many developing regions, especially in Asia, are bracing themselves for a bout of slightly lower growth. But two countries, India and China which together account for about half the region's gross domestic product (GDP_ will still continue to see their GDP grow at six per cent, forecasts the Asian Development Bank. Many Indian economists agree with ADB's projections. In fact, they view the prediction of a six per cent growth in India's GDP as benign. Nearly 54 per cent of India's GDP is delivered by its services sector and a modest performance by this sector, some economists say, will be enough to hold up the GDP at six per cent. There are others who hope that better agricultural performance could prompt the economy to hand in a better scorecard. However, the Indian industry remains trapped in the doldrums, suffering from a lack of consumer confidence and investments. Very few economists expect to see signs of recovery sprouting any time soon. An interest rate cut is considered vital by many to energise the sector. And, they argue, there are certain economic indicators that encourage such a move. Inflation is running at very low levels and the nation's foreign exchange reserves are currently high enough to provide a strong defence to the Indian currency. Surprisingly, our trade balance, which threatened to spiral out of control by surging oil prices last year, has been contained. Since then, oil prices have retreated and are expected to remain subdued. While a rate cut may go some way in reviving sentiment and activity in the industrial sector, stirring up consumer demand will still hinge on a normal monsoon. Rain, rain, come again For many economists, the prediction of India clinging to its current GDP level is heavily contingent on a normal spell of monsoon this year. "According to our assessment, we believe the Indian economy will grow by around 6.5 per cent this fiscal year," says Chetan Ahya, vice president at J M Morgan Stanley Securities. In 2000-01, agricultural growth withered under a poor monsoon and a subsequent drought in many parts of the country. For the second year in a row, growth in the sector sank below one per cent. It stood at 0.9 per cent compared with 0.7 per cent the previous year. While agriculture accounts for only 24 per cent of GDP, it remains the most keenly-watched sector by economists. "The performance of the agricultural sector is important because of its linkages to the economy both on the supply side and on the consumption side," says Mohan Nagarajan, chief economist at Credit Analysis and Research Ltd (CARE). "It would lead to a better performance of agro-based industries," he adds. More significantly, roughly 60 per cent of Indians still depend on agriculture for their livelihood. "A good crop means that demand for everything, from everyday use goods like toothpaste to larger items like tractors will pick up," says Nagarajan. Economists are hoping that a good monsoon will budge growth in the sector to around 1.5 to 2.5 per cent. In service of the economy Another key sector economists will be watching out for will be services. India's services sector ranging from finance, insurance, hospitality to transportation and communication slowed its pace in 2000-01. With growth weakening by a whole per cent to 8.4 in 2000-01, sluggishness in this important sector has been blamed for dragging down the overall GDP. Most economists expect the sector to post either relatively flat growth or edge slightly higher this year. But, it's performance will be vital to ensure that overall GDP holds at six per cent. "Even if the agriculture and industry numbers fall again but services sees even seven to eight per cent growth, it will be enough to keep the GDP around six per cent," says Nagarajan. Construction activity a services component that includes housing, roads and other infrastructure projects demonstrated surprisingly good growth of 8.7 per cent and is expected to maintain the pace. Road construction is tipped to show increasing levels of activity as work on the ambitious highway linking Mumbai, Delhi, Chennai and Calcutta intensifies. Chiming in will be the housing industry, benefiting in recent years from tax reliefs and attractive financing schemes, and which have encouraged more people to buy houses. Another segment slated to witness good growth will be IT-enabled services, says Morgan Stanley's Ahya. "We are emerging as the services workshop of the world," he says. IT-enabled services like call centres and data processing, though currently generating tiny revenues, are slated to turn into big money spinners in the years ahead. The telecommunications industry will also see improving levels of investment. "The penetration of services is so low, that it has an intrinsic high growth rate," says Ahya. For a taste of the market, consider this: out of the 100 Indians, only one uses the Internet and less than three own a telephone. A good home show And there could be a pleasant surprise in store for industry amid all the gloom over its performance. Adequate liquidity conditions are spurring expectations of a cut in interest rates. Broad money(M3) a gauge of total money available in the economy increased 16.2 per cent in 2000-01 against 14.6 per cent last year. While the Reserve Bank of India had cut the bank rate in March, the belief is that a further cut of 50 basis points is imminent. The bank rate the rate at which the central bank lends to commercial banks currently stands at seven per cent. Aiding the cause is the inflation data which shows the wholesale price index at a tame 5.84 per cent. With economists betting that oil prices will remain in the $24-28 a barrel range, inflation is not expected to exhibit the oil price-inspired gyrations of last year. A cut could coax the industry to step up activity, though admittedly, much would still depend on rural demand. Neighbours' envy And while many Asian countries watch with increasing nervousness the impact of an American downturn on their economies, India and China can afford to remain relatively placid about global developments. That's because they are less dependent on the US for their own economic health. That is expected to shield them somewhat from being blown off-course like some other Asian nations by the ill-wind of an American slump in demand. With exports making up less than 10 per cent of India's GDP, its economy is clearly not export-driven. In contrast, nearly 35 per cent of Indonesia's GDP comes from exports, 57 per cent for Thailand, and 50 per cent for the Philippines. Yet, despite claiming only a small percentage of GDP, India's exports remained a bright spot amid some gloomy economic data. Exports raced ahead 20 per cent to $44.1 billion in 2000-01. It was the second consecutive year of good exports growth. On the flip side, imports rose, too, during the same period to Rs $49.1 billion. But non-oil imports, however, declined 15 per cent to $34.2 billion. That helped narrow the trade gap to $5.74 billion from $12.79 billion the previous year. Still, India can ill-afford to ignore completely the risks of an American slump in demand. The US is India's largest trading partner and, in 2000-01, a quarter of its exports headed to that nation. Besides, by taking in nearly 70 per cent of India's software exports, it is also India's most important software exports destination. Booming software exports accompanied by remittances by Indians living overseas have been the primary factors exerting a calming influence on India's balance of payments of position, especially in times of economic turbulence. For example, last year, while a surging oil import bill threatened to rattle the nation's trade gap, inflows from invisibles(including income from software and Indians living abroad) came to the rescue helping India limit its overall current account deficit. It's a sobering realisation that has compelled the National Association of Software and Service Companies(NASSCOM) to lower its exports forecast to between $8.5 billion to $9 billion from its previous figure of $9.5 billion. Earlier, it had also revised estimates for 2000-01 lower to $6.2 billion from $6.3 billion. Still, observers say it isn't a cause for depression. "They are still talking about growth. It is a decline in the growth rate and not an actual downturn itself," points out John Band, chief executive officer, ASK-Raymond James and Associates. And remittances look set to maintain their pace as well. "Most remittances are still from Indians who live in the Middle East, and I don't see any slowdown from this segment," says CARE's Nagarajan. Remittances totalled $9.8 billion in the nine months to December 2000. Software exports brought in $4.6 billion during the same period. Foreign institutions support Another recent 'feel-good' sign has been evident in the stock markets too. Between January and April 2001, eigners poured in Rs 7,368 crore into India's equity markets - a phenomenal 15 per cent more than what they invested in the whole of calendar 2000. Yet, experts aren't reading too much into it. In the past few months, investors have been fleeing from a shower of profit warnings in the US and seeking cover in alternative investments. As they rejuggle their portfolios, some money will inevitably flow into India and other countries, experts say. Because it isn't affected so much by what's happening externally, they see India as some kind of a safe haven," says ASK's Band. Yet some hesitation Recently, gunning for more foreign direct investments (FDI), the government opened more sectors for foreign and private participation, including pharmaceuticals, hotels, banking and astonishingly, even defence. However, tempting FDI has always been a vexing issue for India. In 2000-01, FDI did improve slightly, moving 26 per cent higher than the previous year to $2.4 billion. Yet, China a market India is frequently compared with in terms of size and potential attracted 20 times more FDI in the same period. Economists now shrug off FDI as a tool to kick-start investment in the country. "It's a pittance and it probably will remain stagnant," says an economist at a foreign research house. The reasons are not hard to find. Foreigners seeking to invest in India have many fences to cross. Frequent changes in sector policies, chaotic infrastructure facilities and nightmarish bureaucratic redtape have often left foreigners tired and wary of doing business in India. The stress of investing in India is most clearly visible in the recurring concerns that have stubbornly dogged US energy giant Enron's 2,148 MW power project in Dabhol in Maharashtra. After being forced to renegotiate a power supply deal in 1995 after concluding it in 1992, Enron has hit the headlines once again. This time, an almost bankrupt state electricity board (SEB) refuses to pay its dues for power received and the state government refuses to honour its commitment to pay in case the SEB defaults.It's led to intense speculation that, after suffering repeated snags for nearly a decade, Enron might simply pull out of the project altogether. A disturbing turn of events, since, till recently, Enron Corp was the biggest foreign investor in India. It will not be the first time that exasperation will have egged on a foreign investor to pull out of a project. Earlier, US-based Cogentrix Energy had also walked out of its $1.5 billion 1,000 MW Mangalore power project citing endless bureaucratic hurdles. And there has also been some disappointment over India's much-hyped 300 million middle class which was supposed to be growing rapidly. Many international firms, inspired by this figure, had scrambled to set up operations to conquer a huge chunk of this market. Now many are struggling to break even and still learning to adapt to local tastes a key ingredient for success. That's why despite all its attempts to open up various sectors, India still remains a tough sell. Outlook With a little help from the rains, India could notch up a growth rate of six per cent. Many economists have also pointed out that a reforms-studded budget could also inject some enthusiasm in the patient that is the economy. Strong measures include plans to reform labour laws and government employment. These are expected to boost the economy's development, though in the long run. The recent opening up of various sectors could also revive sentiment, although whether this will translate into FDI flows is arguable. Still, every bit helps. The fact remains that it will have to persist in trying to accelerate the pace of growth if its ambitions of turning into an economic powerhouse are to be realised. After all, for the second most populous nation in the world with one of the biggest markets, its economic power is still nowhere near the figure its size suggests. Acegas shares, potential for growth (Acegas, le potenzialita di crescita del titolo) 05/14/2001 La Repubblica 41 Copyright (C) 2001 Abstracted from La Repubblica in Italian; Source: World Reporter (TM) Italian brokers Rasfin SIM have indicated the potential for growth in the shares of Acegas, the former municipal utility of the Italian city of Trieste. Acegas closed the first quarter of this year with turnover of L137bn (+45 per cent). Results attributed in part to the start of production of Estenergy, a consortium of the utilities of Udine, Trieste, Gorizia and Enron of the US, which supplies energy and services to parts of Friuli. Also significant, according to Rasfin, were investments over the period, which totalled L43bn. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. A Section IN THE LOOP Al Kamen Roundabout to the Oval Office Al Kamen 05/14/2001 The Washington Post FINAL A19 Copyright 2001, The Washington Post Co. All Rights Reserved Sometimes even Cabinet officers can lose their way in the White House. So there was Health and Human Services Secretary Tommy G. Thompson, clearly lost Friday at a fork in a corridor near White House spokesman Ari Fleischer's office. "How do you get to the Oval Office?" he asked a group of reporters and was directed to the right door, according to a wire report. Fleischer, though, told reporters that was the wrong answer. "How do you get to the Oval Office? First you win the Iowa caucus, then you lose the New Hampshire primary, then you make a comeback in South Carolina," he quipped as he recalled President Bush's early primary campaign last year. Passport, Please Meanwhile, folks at Thompson's HHS may be taking to calling him "Tightwad Tommy." Seems a memo went out March 15 undermining Alaska and Hawaii's claims to be part of the United States. Employees "must clear . . . international travel" with the office of the deputy chief of staff for operations, said the memo from the deputy chief, Ed Sontag. To clarify, "HHS employees seeking to travel outside the continental U.S." for meetings and conferences, must get permission and then file trip reports within two weeks. This sent officials calling around, asking whether trips to those states were to go through the international travel approval system just as if they were going to Russia or the Congo. Apparently so. The edict would appear to include even the nearby Virgin Islands and practically next-door Puerto Rico as well. Loop Fans can only hope this outrage doesn't spread to other agencies. It would make for some cold winters. Chewing Out on the Bush Beat Speaking of Fleischer, the usually affable spokesman is not reluctant to get tough with reporters when he believes they've stepped out of line. Sheriff Fleischer was on duty Thursday and upset with Houston Chronicle reporter Bennett Roth. Bush that morning urged parents to talk more to their kids about the dangers of drugs. Roth, at Fleischer's daily briefing, asked: "Ari, the president talked about parental involvement today. How much has he talked to his own daughters about both drugs and drinking? And given the fact that his own daughter was cited for underage drinking, isn't that a sign that there's only so much effect that a parent can have on their children's behavior?" Fleischer responded brusquely: "No, I think, frankly, there are some issues where I think it's very important for you all in the press corps to recognize that he is the president of the United States; he's also a father. And the press corps has been very respectful in the past of treating family matters with privacy, and I'm certain that you're going to do so again. I hope so." Fleischer later called Roth to chastise him, telling him his question had been "noted in the building." Competing to Oversee the Corps Former Mississippi representative Mike Parker, a Democrat-turned-Republican who lost a gubernatorial bid a couple of years back, had been seen as the pick to be assistant secretary of the Army for civil works, overseeing the Army Corps of Engineers. Parker, a former undertaker, had support from the barge industry, the various corps constituencies and fellow Mississippian Trent Lott, the majority leader of the Senate. But the Pentagon's choice was Lawrence Izzo, recently retired president of Enron Engineering and Construction Co. who has been in the mix for several jobs. Izzo, a West Point grad, had 23 years at the Corps before going to Enron, former home of Army secretary-designate Thomas White. The majority leader was said to be most unhappy. The latest word is Parker's getting the job. Ex-Reporters Move On Kenneth J. Klein, a former reporter who has worked for 17 years for Florida Sen. Bob Graham (D), most recently as chief of staff, is joining the Outdoor Advertising Association of America as executive vice president for government relations. Former Washington Post colleague Thomas W. Lippman, a 33-year national, foreign and financial reporter and author who became vice president of communications at the World Wildlife Fund in 1999, is moving next month to be managing director at communications consulting firm Chlopak, Leonard, Schechter & Associates. Confirmation Countdown Staff writer Michael Grunwald contributed to this report. http://www.washingtonpost.com Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Largest LNG 13 Conference Opens Today 05/14/2001 Korea Times Copyright (C) 2001 Korea Times; Source: World Reporter (TM) The largest-ever International Conference and Exhibition on liquefied natural gas (LNG 13) opens today for a four-day run at the Convention and Exhibition Center (COEX) in southern Seoul. A total of 125 companies and organizations represented by 2,500 delegates and exhibitors from 50-odd countries, including Japan, the United States, Britain and Australia, are participating in the international event, co- organized by the Korea Gas Union and the Korea Gas Corp. (KOGAS). Commerce, Industry and Energy Minister Chang Che-shik will be delivering congratulatory remarks on behalf of Prime Minister Lee Han-dong who is currently on an official trip to the Middle East. There will be a visual presentation from Lee during the opening ceremony. ``We have spent more than a year preparing for this international event which is the largest in terms of the number of participants and exhibitors,'' said Lee Seung-hwan, chairman of the Korean National Organizing Committee. LNG 13 is 15 percent larger than the conference and exhibition held in Australia back in 1998 which reflects the growth of the industry, Lee explained, adding that the demand for LNG has been increasing rapidly here in Korea. A wide range of topics will be presented during the four days of conferences and exhibitions, helping to showcase the importance of the LNG industry. Among the numerous papers to be presented at the triennial event are ``Old World, New World, Tomorrow's World: How LNG Has Changed Since LNG 12'' and ``The Next Generation of LNG Plants.'' ``Hosting this meaningful event in Korea will help elevate Korea's image in the international market, particularly with the sheer scale and size of LNG 13,'' said Kim Myung-kyu, president and CEO of KOGAS and chairman of the Korea gas Union. The conference will include paper sessions, workshops, poster sessions and film presentations while exhibitors will demonstrate their exclusive technologies for the exploration and production of LNG as well as plant construction. The official sponsors of LNG 13 are the International Gas Union, the Gas Technology Institute and the International institute of Refrigeration while the major sponsors are Shell Gas and Power, KOGAS, LG-Caltex, SK-Enron, the Qatari Group, TotalFinaElf, British Petroleum and Exxon Mobile. In addition to the conference and exhibition, there will be a technical visit to the Inchon LNG Receiving Terminal in Inchon, about 50 kilometers west of Seoul, on Friday. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.	[email protected]
arnold-j/discussion_threads/519.	subject: Enron Mentions - 05/12/01 - 05/13/01 content: As Final Exams Begin, Power Is a Big Question The New York Times, 05/13/01 British Telecom The Times of London, 05/12/01 Houston needs to think small about future technology Houston Chronicle, 05/13/01 Panel plots new course for area's future / Education, economics, quality of life top group's list of needed improvements Houston Chronicle, 05/13/01 MSEB not to pick up 15 pc in DPC after phase II completion Press Trust of India Limited, 05/13/01 Enron plans to pull out of Gulf gas project: MEED Agence France-Presse, 05/13/01 SMALL BUSINESS / Pleasure cruisin' / Yacht fleet owner offers customers what amounts to limo service on the lake Houston Chronicle, 05/13/01 More power to reform agenda The Economic Times, 05/13/01 India Power Min: New Power Deal With Enron Unit Possible Dow Jones International News, 05/12/01 India: Talks begin on Dabhol issue Business Line (The Hindu), 05/12/01 India to allow 3rd party sale if DPC, MSEB jointly approach Press Trust of India Limited, 05/12/01 DEFAZIO CALLS FOR STATE TO BUY PGE TO PROTECT RATES Portland Oregonian, 05/12/01 Congressman suggests state buy PGE Associated Press Newswires, 05/11/01 National Desk; Section 1 As Final Exams Begin, Power Is a Big Question By JODI WILGOREN 05/13/2001 The New York Times Page 16, Column 4 c. 2001 New York Times Company For final exams, prepared students pack extra pens, calculators, bottled water, granola bars. And, at the University of California's Berkeley campus this year, a flashlight. As state officials and utilities struggle to maintain the power supply during California's continuing energy shortage, administrators and professors at the 31,000-student campus are planning for the possibility that rolling blackouts may disrupt exams, which began on Friday and run through next Saturday. ''People here are used to interruptions,'' Sara Abbas, 21, a senior communications major, said with a shrug as she studied in a cafe near campus. ''People walking in, people running around buck naked and whatnot. People have cut the power lines. They just reschedule.'' In an e-mail message sent Wednesday, the executive vice chancellor, Paul R. Gray, advised instructors to use ''individual discretion to decide the disposition of their examinations once the exam has started.'' Among the options: delay the test until the lights return; postpone it until a Saturday; grade the incomplete test; or cancel the exam altogether. Professors are also encouraged to check a Web site to see if their exam rooms have windows. ''In some classrooms,'' Mr. Gray noted, ''students may have sufficient natural light.'' The rolling blackouts could hit most of the campuses of the University of California and California State University. The two systems are embroiled in a legal dispute with Enron Energy Services, a Houston-based company that, in February, cut short a four-year contract to provide electricity directly to the universities. For now, the two systems -- among the largest energy consumers in the state -- are being supplied by Pacific Gas and Electric and Southern California Edison. Though several medical centers and the Davis, Los Angeles and Riverside campuses of the University of California system are exempt from the blackouts, the rest of the campuses have been put on alert. At Berkeley, the warning from Mr. Gray only heightened pre-exam stress levels. ''Stopping in the middle of a final would be detrimental to my grade because I save the hardest questions until the end,'' said Heidi West, 20, a sophomore majoring in political science. Aaron Chung, a senior studying cognitive science, said it would be unfair to grade half-finished exams because he often circled answers instinctively, planning to return later with more care. ''The only thing I don't have a problem with is if the professors give everyone A's,'' Mr. Chung, 23, said. ''You have to be under a lot of duress for that to happen.'' Gary L. Firestone, a biology professor, said he would move his 500-member class out into the sunshine and tell students to spread their blue books on the grass. But Jeff Good, a graduate student who teaches Introduction to Syntax and Semantics, said he would probably cancel the exam because the final counts for only 20 percent of the grade. That is what Michelle Chen, a junior linguistics major in Mr. Good's class, is hoping for. ''I would love a blackout,'' Ms. Chen said. ''I'm going to turn on my air-conditioner. My toaster, too.'' Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Business British Telecom Patience Wheatcroft 05/12/2001 The Times of London News International Final 4 55 (Copyright Times Newspapers Ltd, 2001) BRITISH TELECOM has inflicted enough damage on itself in the past year. But others are still lining up to put the boot in. Hours after the company announced a Pounds 5.9 billion rights issue and the separation of cash-hungry BT Wireless, Moody's Investors Service lowered BT's credit rating. This thumbs-down will cost BT an extra Pounds 35 million a year on existing loans as well as making future working capital more expensive. The timing is odd. One of the two other main agencies presented with the same BT proposals maintained its rating and the other edged it down so little that change-of-rating clauses were not triggered. In the meantime, the market prices of BT debt have been rising. The Enron Cost of Credit, which measures the overall risk premium on BT borrowing, has halved since mid February. Such costly inconsistencies must focus more critical attention on the agencies, whose power has grown out of proportion to their accountability. Moody's verdict is, however, peanuts compared with the cost to BT of the whims of Stephen Byers and the UK competition authorities. Moody's will no doubt be aghast to learn that Yell could be worth Pounds 1 billion less as a result. In 1996 the Monopolies and Mergers Commission found that BT's Yellow Pages had an 85 per cent monopoly of its market and made it sign undertakings to cut prices by 2 per cent a year in real terms. The Office of Fair Trading has reviewed this report; predictably, it has found that the enforced price cuts have kept competition down and kept Yell's market share up. The reasoning behind OFT advice that annual real price cuts should be doubled is closed to scrutiny until Mr Byers has a new BT undertaking. But it appears to argue that the market is still a monopoly, so Yell must be charging too much, so prices should fall further. The result, according to those formerly eager to buy Yell, is that a growth business has been turned into a stagnant one, losing all momentum. This sounds typical of the dead hand of UK regulation. It must strengthen the resolve of BT's new leaders to remodel what the authorities so hate to the greater advantage of shareholders. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. OUTLOOK Outlook Houston needs to think small about future technology WILLIAM DYLAN POWELL 05/13/2001 Houston Chronicle 2 STAR 4 (Copyright 2001) OK, it's test time - sort of like a breakfast-time Rorschach test for Outlook readers. Here we go: What's the first thing that comes to mind when someone mentions Houston? Time's up. Your answers may have been energy, medicine or seemingly random acts of highway closure. But how about something very, very small? While Houston may not exactly be synonymous with all things tiny, we may want to start giving more mind share to the world of the miniature. As technology advances, Houston may owe a great deal to the study of small substances. Nanotechnology is the study of creating functional structures on a molecular scale (the prefix "nano" means one billionth, or 10 to the ninth power numerically). Its theories and practices give scientists the means to construct useful entities using the smallest known particle of unaltered matter. Before your eyes glaze over in a terminology-induced science class flashback, you should hear some of the possibilities that this technology could afford residents of the Bayou City and their respective commercial enterprises. The possibilities give the works of science fiction author Ray Bradbury a run for their money, and include producing computers the size of viruses or factories that could fit neatly on your desk. Cancer-destroying robots could roam a patient's innards like mounted police at a spring break celebration. Eventually, all diseases and mutations could be eliminated. And all manufacturing processes would become waste-free, both in terms of the environment and from a business process standpoint. Sound like science fiction? Maybe, but truth is rapidly catching up with fiction. A team of university researchers recently figured out how to make a functional switch out of a single organic molecule. Discoveries such as these have spawned several branch fields of study including nanobiotics, NEMS (nanoelectromechanical systems) and nanomedicine. This technology would surely change the world. But it would especially affect Houston. Applications for nanotechnology are a great fit for Houston's economic landscape. The chemical industry already has begun conducting research in small-sizing certain chemical compounds. And the energy industry, still our darling, has great interest in the power management possibilities of nanotech. This could be Houston's next great vehicle for economic development. Nay-sayers have expressed caution regarding progress in this field on two separate fronts. First on how distant potential commercial offerings remain; and secondly on the potential dangers of combining genetic engineering, nanotechnology and robotics (for fear of creating self-assembling intelligent machines as often portrayed in science-fiction movies). But too much technological progress is happening at once for the possibilities not to whet the appetites of the entire scientific and business communities. Already, developmental overtures have been heard from Houston's little sister to the north. The Dallas-Fort Worth region and its growing base of semiconductor, light assembly and defense industries are keeping a close eye on developments in small science. In March, a private-sector company donated $2.5 million to the University of Texas at Dallas for nanotech research. And a handful of Dallas-area groups have been quietly conducting research of their own. This money augments the federal government's nearly half-billion dollar allotment of 2001 research funding for nanotechnology. Houston has its own projects, but they receive far less publicity. Houston's public nanoscience efforts have been centered mostly on Rice University's grand Turks of academia. Pushing the envelope of academic excellence as usual, Rice's heavyweight research barons continue to generate and distribute knowledge on the many potential applications of this exciting technology. But as successful as they are, they receive far less publicity and support than other less commercially significant disciplines. On May 29, leaders from the energy, medical and technology sectors will converge at the Houston Technology Forum to discuss various technology trends that will affect Houston's future. Will the keynote speakers (chief executives from Compaq, the Texas Medical Center and Enron) address the issue of what Houston is doing to prepare for advances in nanotechnology and its potential economic impact on the region? I certainly hope so. Energy, medicine and technology are the terra firma of Houston's economy. Each of these industry sectors could reap profound benefits by bringing nanotechnology's concepts to light. Sure, the fruits of this nascent science are still a long way off. But it's going to become remarkably important sooner than we think. So while Houstonians are well known for our love of largeness, it's time to think small. Let's take a careful evaluation of what this technology could mean to our city and its economic development. Drawing Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. A Panel plots new course for area's future / Education, economics, quality of life top group's list of needed improvements MIKE SNYDER Staff 05/13/2001 Houston Chronicle 4 STAR 33 (Copyright 2001) A group of prominent business executives, worried that Houston's reputation as an unpleasant place to live imperils its future, is developing a plan to transform the city's educational system, urban design and economic base. The work of the Center for Houston's Future, a nonprofit group affiliated with the Greater Houston Partnership, reflects growing concern that Houston must reposition itself as a vibrant, desirable destination if it is to compete in an economic climate that empowers skilled workers to live wherever they choose. Creating such a "livable city," leaders of the effort say, would in turn enrich the lives of every Houstonian. "The interests of the business community are fully aligned with the interests of the community at large," said Eugene H. Vaughan, a money management executive and board chairman of the Center for Houston's Future. A report prepared for the organization by a business-based task force recommends that local leaders challenge long-held assumptions that have discouraged meaningful land-use planning. It sketches a vision of Houston 20 years from now in which technology and other tools have revolutionized public education, "livable city centers" have changed the physical landscape and current civic leaders have groomed a new, more diverse generation of successors. The report argues that the business community's traditional leadership role in Houston's civic affairs should continue. But it suggests the models of business influence that prevailed in "the old days" should be re-examined. "Those were the days when oil was king, and Houston was the energy capital of the world - the days when a handful of `big' leaders, including CEOs of major corporations, could meet in a room together and decide on the future of Houston," the report states. "But times have changed, and there is far less tolerance in Houston's highly diverse, egalitarian society for a hidden oligarchy to run things, no matter how benevolent those leaders might be." The center's board includes top executives of some of Houston's most successful and influential companies, including Enron Chairman Ken Lay; Ned Holmes, chairman and CEO of Parkway Investments/Texas Inc.; James Royer, president and CEO of Turner, Collie & Braden Inc.; William White, president and CEO of WEDGE Group Inc.; and Jim Kollaer, president and CEO of the Greater Houston Partnership. Vaughan said the stature of the board members is an indication that the group is not likely to generate plans that will simply sit on a shelf. "They've got so many demands on their time that they're not going to fool around with something that is ill-conceived," he said. Rice University sociology professor Stephen Klineberg, one of the experts who advised the task force that generated the report, agreed that the center's work could be very influential. "This is the first time there's been a systematic, coordinated effort on the part of the business community" to improve Houston's quality of life, Klineberg said. The Center for Houston's Future was created in the early 1990s primarily as a source of research information for the partnership, Houston's premier business organization. But its role changed about two years ago, Vaughan said, when Holmes became chairman of the partnership and encouraged the center to take an aggressive approach to planning for the region's future. Last summer, the center organized three workshops attended by 36 people representing a cross section of the business community. These 10-day, seven-night events, led by professional facilitators and featuring various guest speakers, produced a report outlining four possible future Houston scenarios. James D. Calaway, a member of the center's board, said the details outlined in the four scenarios are intended to be "illustrative" and are not necessarily the actions the organization ultimately will recommend. However, they provide insight into the direction of the group's thinking, he said. In the first scenario, based on the assumption that local planning and decision-making proceed much as they have in the past, the workshop participants speculate that tension between the city and suburbs increases to the point that the Legislature strips Houston of its annexation power. Development is greatly restricted because of failure to meet clean-air standards, property values plummet and the City Council must pass a large tax rate increase. Houston becomes a stronghold of low-wage, service-sector employment, and the gap between rich and poor widens: "For many who live there, it's simply a large urban sprawl, adrift in the global economy, or it's a three-year hardship post on the way to something more desirable." Scenario two suggests that Houston's leaders transform the educational system by developing a "Teacher Network" that delivers Internet-based educational resources into every classroom and teacher's home in the region. This in turn leads to a communitywide electronic educational network, with every home in the Houston area connected to the Internet by 2007. These efforts, combined with universal, full-day preschool care, lead to state-of-the-art local schools by 2010, with almost universal high school graduation rates and 75 percent of these graduates going on to college or technical training programs. The report does not estimate the cost of these measures or identify how they would be funded. Potential sources, Calaway said, include local, state and federal tax money, private grants and reallocation of funds now being spent on more traditional educational programs. In scenario three, local leaders take bold steps to overcome Houston's reputation for sprawl, dirty air and lack of green space - perceptions that hamper efforts to attract the talent needed to keep the region economically competitive. These leaders develop a vision of Houston based on the creation of "livable city centers" - major activity centers targeted for redesign and redevelopment - and the connection of these centers through "personal and public transport in corridors that delight the eye." Within the centers, streets are reconstructed to better accommodate pedestrians. Financial incentives prompt developers to provide a wide range of housing styles, including substantial affordable housing. The Main Street light rail line is built, succeeds spectacularly and is followed by more rail lines extending in various directions. To accomplish these goals, the report states, local leaders must overcome their "ingrained suspicion of planning," and the City Council must adopt "new, more prescriptive development standards" within the livable city centers. Early successes lead to a public referendum authorizing the expenditure of $8 billion over 20 years to create the "livable city." Scenario four focuses on making Houston a "crossroads of the world economy." The city's business leadership becomes broader and more diverse, and it turns its energy toward diversifying the economy. The energy industry, adapting to the new economic climate, transforms its business model and creates new, high-tech enterprises. Space, nanotechnology and biotechnology research help launch hundreds of companies that quickly become significant global players. The workshop participants concluded that Houston must accomplish key elements of scenarios two, three and four if it is to become a "true world-class city in which to live and conduct business." Calaway and Vaughan said the next steps will include designating committees to develop specific recommendations in each of the broad areas studied, such as education and quality of life. Working groups then will be established to begin translating these ideas into policy, they said. Although the center is focused on the long term, they said, it must produce results as soon as possible. "If we do not get serious about this, 20 years from now we're going to be a low-wage environment, putting people in very, very dead- end jobs," Calaway said during a recent presentation on the group's work to members of the nonprofit Gulf Coast Institute. "We've got to get the quality of life right, but we've also got to make sure that we educate these kids for our future." Mugs: 1. Ken Lay (p. 45); 2. Ned Holmes (p. 45); 3. James Royer (p. 45); 4. Jim Kollaer (p. 45) Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. MSEB not to pick up 15 pc in DPC after phase II completion 05/13/2001 Press Trust of India Limited (c) 2001 PTI Ltd. Mumbai, May 13 (PTI) Maharashtra State Electricity Board (MSEB) has decided not to pick up the remaining 15 per cent equity in Enron-promoted Dabhol Power Company (DPC), which it was earlier supposed to, after the complete construction of the entire USD three billion power project in Dabhol. "It is true that we had promised to take the 15 per cent, translating into infusion of around USD 65 million and given the serious financial stress the board is facing, it is not going to be possible for us to participate in the phase II of the project", a senior MSEB official told PTI here Sunday. Currently, Enron International owns 65 per cent, MSEB -15 per cent, General Electric and Bechtel 10 per cent each. However, MSEB is yet to send an official intimation to DPC in this regard, the official said adding the board would inform the company soon after the completion of the project. DPC's USD 1.87 billion phase II would be fired on June seven, 2001, thus marking completion of the 2,184 MW project. DPC, which received a Foreign Investment and Promotion Board clearance in last December for its 10.83 billion foreign Direct Investment, has not been able to scout an alternative fifth partner for MSEB's equity. The company had decided to off load the 15 per cent of its current holding of 65 per cent to a new entity, as according to the company's global debt-consolidation it needed to maintain its stake at 50 per cent in DPC after its completion. In order to avoid any delay, Enron had agreed to meet up with the equity shortfall as per the former's agreement with its lenders. (THROUGH ASIA PULSE) 13-05 2001 Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron plans to pull out of Gulf gas project: MEED 05/13/2001 Agence France-Presse (Copyright 2001) DUBAI, May 13 (AFP) - Enron Corp. of the United States plans to pull out of a project to deliver Qatari gas to the United Arab Emirates (UAE), Middle East Economic Digest (MEED) reported on Sunday. Enron is a partner in the Dolphin Energy project along with the Franco-Belgian company TotalFinaElf and the Abu Dhabi government- owned UAE Offsets Group (UOG). Its role is to build a pipeline under the Gulf between Qatar and Abu Dhabi. "The profit margin for Enron would be low. At present, the Dolphin project is being developed primarily as an upstream venture," an industry source told MEED. Another industry publication, Middle East Economic Survey (MEES), reported last week that the two other partners regarded Enron's estimated cost for constructing and laying the 350-kilometre (220- mile) undersea pipeline as too high. "There is talk of new partners," a source with TotalFinaElf, whose role is to develop a block in Qatar's giant North Field, told MEED. "But whatever happens, we are staying." On March 14, Qatar and the UAE inked a 25-year term sheet agreement on the project, setting the volume at two billion cubic feet (20 million cubic metres) of natural gas per day. Differences over pricing and volumes had put back the signing of the agreement for two years after a first statement of principle for Dolphin was inked by Qatar and UOG in March 1999. According to MEES, Qatar Petroleum and UOG have finally agreed on a gas price formula of 1.3 dollars per million BTU (British thermal units) following "high-level political intervention from Qatar and Abu Dhabi". TotalFinaElf and Enron are strategic partners in the multi- billion-dollar project, each holding a 24.5 percent share in Dolphin Energy Limited (DEL), with UOG retaining a controlling 51 percent stake. From Abu Dhabi, the gas is to be distributed inside the emirate and on to Dubai and Oman. An extension to Pakistan through an undersea pipeline is also planned, as part of a regional gas network. hc/rp Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. BUSINESS SMALL BUSINESS / Pleasure cruisin' / Yacht fleet owner offers customers what amounts to limo service on the lake CAROL RUST Special to the Chronicle 05/13/2001 Houston Chronicle 2 STAR 1 (Copyright 2001) KEMAH - Tom Lober trundled home from second grade with a three- tiered wooden box he'd made at school. "This is my houseboat," he told his mother 35 years ago. "When I grow up, I'm going to live on a boat." His practical-minded mother put the "boat" to work as a patio plant stand until it finally rotted from a decade of exposure. On a recent evening, Lober stood on the bow of one of his four charter yachts, enjoying the sunset-tinted water and a mild breeze as the 100-foot luxury boat moved quietly from Clear Lake into Galveston Bay. "This is what I love," Lober said, scanning a horizon dotted with distant boats. "The others are here to party, but this is it for me." The founder and owner of Star Fleet Entertainment Yachts spoke calmly against the din of a mini-Mardi Gras heating up on middeck, where bead-clad executives were letting their hair down at their annual appreciation party for a major customer. A Mae West look- alike hired for the event meandered among them, handing out cigars and sultry comments in her mermaid-cut white dress studded with faux pearls and a white feather boa twirled about her neck. In the eight and one-half years since the 42-year-old Lober started Star Fleet, he's seen everything from fire-eaters to hula dancers as entertainment on the hundreds of custom cruises his staff of 70 puts together each year. Last year, the company booked 400 cruises, which translated into $2.3 million in gross sales, in events ranging from Gulf Coast versions of company picnics to a bat mitzvah with a Gilligan's Island theme. One guy recently plunked down $2,000 to charter an entire boat for a date. One of Lober's seven captains is, handily, a licensed minister for weddings. Star Fleet staff recently added squirt guns, Hula Hoops and limbo sticks as regular on-board equipment. "It's a bizarre business," Lober said. "Nothing seems unusual anymore." Nearly all Star Fleet's cruises include dinner. His kitchen staff does the prep work for hors d'oeuvres and main courses on land near the marina, transferring them to a generous galley on board before customers arrive. The galley crew does the final cooking. Star Fleet Entertainment Yachts is one of about a dozen businesses of its size in the country that provides strictly private charter yacht cruises, but Lober has hundreds of competitors locally. "I'm competing with caterers, hotels, restaurants - anyone in the eating, drinking and party business," he said. "People say there are two things you're never supposed to own: a boat and a restaurant. I put a restaurant on a boat." Last month, he launched what he believes is the first-ever water limousine, a 30-foot yacht complete with wet bar, sound system, leather couches, TV and VCR that takes small groups to waterfront restaurants and bars, just like a limo does on land. Sometimes, his clients hop off and dine at one of the restaurants on the Kemah Boardwalk while the limo is anchored beside it. In other cases, waiters deliver the food to the boat, equipped with removable dining tables that can seat 14, and the customers dine while cruising Clear Lake. Lober was a natural shoo-in for a career on the water. His father owned a supply boat business in Houston and a fleet of shrimp boats based in Trinidad. He eventually became president of his dad's supply boat business after getting a master's degree in maritime management from Texas A&M Maritime Academy in Galveston in 1981. But he still had that idea from second grade that grew from living on a boat to providing exclusive entertainment on the water. In 1986, he joined the Passenger Vessel Association, a national group of vessel owners that provides public or private cruises for gaming, ecotourism or other entertainment. He attended seminars, talked to boat owners, researched trends in the industry and tried to figure out what it would take to float his idea. Lober drew up plans for a boat big enough to accommodate up to 150 passengers, but with a three-foot draft to keep from running aground in the notoriously shallow Clear Lake and Galveston Bay. "I wanted to be able to take that boat anywhere on the lake," which is five feet deep in places, he said. Bankers were skeptical when he approached them for a loan. "This was a new business in Houston that had never been done before," Lober said. "They had no confidence. "I finally got to the point where I'd just take my business plan into a bank and say, `I know I'm not going to get a loan - just look at what I've got and tell me what it needs,' " he said. Even without a loan in place, Lober began hands-on research. During the week, he still worked at his father's supply boat business, but flew to Fort Lauderdale, Fla., on weekends to work as a deck hand and food server for a charter yacht company to learn the business from the bottom up. After a year of loan seeking, he found a lender at the Passenger Vessel Association's annual meeting. Caterpillar Finance agreed to lend him 60 percent of the $950,000 in construction costs if he installed Caterpillar engines on the boat. Construction took a year, during which Lober continued his research, serving drinks on weekends aboard a charter boat on the Detroit River and Lake St. Clair. Finally, Lober launched Star Gazer in October 1993. The maritime academy might have taught him how to navigate by the stars, but it didn't prepare him for marketing. "I didn't know what I was doing," Lober said. "The first year, I spent $125,000 in marketing blunders," including a $50,000 mass mail campaign that he called "a total flop." Marketing was twice as expensive as he thought it would be and took twice as long for potential customers to understand the concept he was trying to sell, he said. Meanwhile, his boat sat in the stall for up to three weeks at a time. Lober had a $30,000 monthly overhead in debt service, office rental, insurance and slip fees, and "I still had to pay it if the boat didn't leave once," he said. Panicked, he joined the Greater Houston Partnership to seek out ideas, and he got one: target marketing. He and his small staff scrutinized every detail about the people who used the boat and set out to find more like them. He set his sights on the corporate client, which makes up about 70 percent of his business today. Corporate customers include Enron, Exxon Mobil, Shell, Continental Airlines and Katy Mills mall. "We have had our party with Star Fleet every year for five years," said Ravi Lal, director of ethylene division of Technip, based in San Dimas, Calif. "The first year, I wanted to do something special that I hadn't seen before. Everybody likes it, and everybody wants to come back." Business slowly began to build, and word spread. Lober added the 90-foot Star Cruiser in 1997, the 74-foot Star Spirit in 1999, and brought in a fourth, the Lake Limo, last month. Also in 1999, he bought 6 acres with 600 feet of waterfront and built Star Fleet Marina. While part of that land is still undeveloped, it eventually will become a parking lot for 500 cars when Lober adds a fifth large yacht, Star Ship, sometime in the future. "We plan to add Star Ship when we're turning down enough business from the other boats," he said. After more than eight years, Lober has yet to take home a salary, putting everything back into the business. The more he puts back, the more business he can accommodate. But Lober and his staff still keep close tabs on their customers. "We track everything - which individuals, what type of event, whether they prefer sit-down dinners, how they heard about us - you name it," he said. It's a lot of details. He knows that blackout shades, pull-down projector screens and multiple microphone jacks are needed for presentations, and that some clients like to be picked up at one of the Galveston hotels or other locations on the Houston Ship Channel. If a customer hires a deejay, a crewmember provides padding to put underneath the CD player on the bandstand because dancing on the steel dance floor causes the player to bounce. Lober's three full-time cruise consultants handle charter buses to and from the marina, limos, menus, photographers and decorations. They work with Star Fleet's in-house florist and theme designer to provide floral arrangements for sit-down dinners and Hawaiian leis of fresh orchids and hibiscus for a major retailer's party, for which the florist helped transform the boat's stanchions into palm trees. And consultants have their own suggestions, such as bestowing captains' hats instead of the usual corsages to employees with top sales who were being honored at a recent floating awards banquet. Lober believes his company's custom service brings customers back. "They handle all the details once, and after customers go on that first cruise, they're sold on the concept," he said. "People love something different. We provide a different kind of party. If they do it once, they usually want to do it again." But cruises aren't limited to parties, Lober said. Customers have chartered boats for banquets, retreats, new product introductions, incentive awards dinners and for scattering loved ones' ashes. About 60 percent of Star Fleet's business is repeat and referral. The recent corporate party featuring the Mae West look-alike was the fifth the company has chosen to have with Star Fleet. Part of Lober's initial marketing problem - which continues today - is that Houstonians just don't realize how close to the water they are. "It's not like Fort Lauderdale, where water is part of the landscape," he said. "In Houston, there's no high-visibility location to see the water, just one spot on Loop 610 that overlooks the Port of Houston. Even in Clear Lake, there are only one or two places when you drive around the lake that you can actually see the water. We don't have a San Francisco Bay or New York Harbor. So people have to be reminded." He also has to deal with the misconception that only the very rich can afford cruises, Lober said. "Some people think they can't afford a luxury yacht, but when they compare our complete package with upscale restaurants, hotel banquet facilities, country clubs and wedding manors, we are quite competitive," he said. "And our food is gourmet quality. Just like a five-star hotel, we never cut corners." Event cruises start at $40 per guest including food, bar, entertainment, tax and gratuities. Lober depends heavily on customer surveys to develop the service he and his crew provide. And customers informally give Star Fleet staff new ideas with some of the extras they bring aboard, such as the squirt guns, Mardi Gras beads, Hula Hoops and limbo sticks. "We learn a lot from our customers," he said. "We see what they do, take the best and give it back to them." Because customer surveys indicate that about 20 percent of Star Fleet's business comes from being seen on the water, Lober and his captains make their crafts as visible as possible whenever they take them out. The real opportunity for hot-dogging comes when a customer charters two or three boats, and they raft up to become the Star Fleet flotilla, with customers moving from one boat to another. A three-boat charter can handle up to 375 guests. But one boat can still do a lot of advertising. At the recent corporate party, Mae West joined the other revelers who were slinging Mardi Gras beads at al fresco diners as Capt. Tony DeFore edged Star Gazer close to the Kemah waterfront. They may not have known it, but they were doing a little of Lober's public relations work for him. As the boat pulled back into the Star Fleet Marina, Lober pointed out a barge under construction. When it is finished - by the end of the year, he hopes - the bottom floor will be a galley for food preparation, the second the Star Fleet office and the third floor an 1,800-square-foot apartment. It will kind of resemble that three-tiered wooden box he brought home from school years ago, Lober says. And he's going to live at the top. Photos: 1-2. Left: Star Gazer, first of the Star Fleet Entertainment Yachts, launched in 1993, sets sail for Southshore Harbor earlier this month. From left to right are bartender Bridget Byous, server Leona Clark, Cruise Director Edith Mitchell and President Tom Lober. Below: Cruise Director Edith Mitchell unties the Star Gazer's bow line (color); 3. Star Fleet Entertainment yachts President Tom Lober watches server Leona Clark polish silverware for a buffet dinner aboard the Star Gazer. Last year, the company booked more than 400 cruises, generating $2.3 million (color, p. 4) Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. More power to reform agenda Soma Banerjee 05/13/2001 The Economic Times Copyright (C) 2001 The Economic Times; Source: World Reporter (TM) THE electricity industry is often identified as the black sheep in the infrastructure sector which has continued to lag behind despite an overdose of government support. Despite being one of the earlier industries to be opened up, private investments in this sector have failed to take off. Worse, the only sizeable project which was something to write home about Enrons Dabhol Power plant in Maharashtra is currently a under cloud with its promoters involved in a legal battle with the state entity and its sole consumer for non-payment of bills. Policy makers and investors in the energy sector are still groping to find ways and means to improve the performance of this key industry. Although private investments were expected to come in a big way in creating new capacities, policy uncertainties and above all the poor financial health of the consumer, in most cases the SEBs, have posed major problems for power plant developers. After about ten years of liberalisation, the private sector has to its credit only about 5000 MW and according to projections by experts investments in greenfield projects are unlikely before four to five years. The factors that have been taken into consideration in the current projection are almost inbuilt into the system. For one, there is a general agreement that stressing on generation alone without doing much on the distribution front has eroded the financial health of most SEBs. ``Private power developers cannot be expected to invest in projects till they are assured that they will be paid for the energy produced, experts say. But like the recent Montek Singh Ahluwalia report maintains, such reforms cannot be done overnight and will require minimum five to seven years before they break even. The sector has already seen major exits like Cogentrix and Powergen and if the current trends are anything to go by it would not be long before Enron too says Sayonara India, claim sources in the power industry. IPPAI, an association for private power investments, feels that the flip-flop by the government as far as power policies are concerned have made it difficult for investors to take decisions. ``Take this as an example at one time there were more than 200 MoUs signed up for private power projects, the government provided counter guarantees for eight projects, of which only three have taken off. Of this the Enron project is already facing problems of nonpayment, says a senior source. According to estimates drawn up by financial institutions like Power Finance Corporation an organisation responsible for monitoring the financial health of the SEBs and helping them with their reform programmes almost all the SEBs have registered a negative turnover. Which is why the financing or escrowability of SEBs across the country has been reduced to zero. According to Union power minister Suresh Prabhu, the states are now responsive to changes and reforms and the recent drive initiated by the Centre to work with the state governments was expected to yield results. But this sector has seen far too many committees which have failed to yield much hope and it is only sheer determination of SEBs and political will that can help this backbencher. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. India Power Min: New Power Deal With Enron Unit Possible By Himendra Kumar Of DOW JONES NEWSWIRES 05/12/2001 Dow Jones International News (Copyright (c) 2001, Dow Jones & Company, Inc.) NEW DELHI -(Dow Jones)- India is hopeful the Maharashtra State Electricity Board's power purchase agreement with the U.S. energy company Enron Corp.'s (ENE) Indian unit Dabhol Power Co. can be renegotiated and the DPC's dispute over payments be settled, the country's federal Power Minister Suresh Prabhu said. In a weekend interview with Dow Jones Newswires, Prabhu said the very fact that the DPC had come to the negotiating table for discussions on its power price was an indication that Enron was keen to save its India project. A special panel, set up by the Maharashtra state government, met with representatives of the DPC, for the first time Friday and agreed to another meeting May 23. Friday's meeting lasted for more than two hours. "I am of the view that a negotiated settlement is possible since the first meeting of DPC with the Maharahtra state expert panel went off well. There has been a positive response both from the DPC and the MSEB after the meeting. The central government will also reciprocate by participating in a meaningful dialogue. The next meeting will really decide on how it all goes," Prabhu said. Earlier this week, in an e-mail to Dow Jones Newswires from Houston, Enron Vice President John Ambler however, said, "While we have constantly maintained that we are open to continuing a dialogue towards resolving issues, this (Friday) meeting should in no manner be construed as an open offer from DPC to renegotiate the terms of the contract." The Maharashtra state government contends that the price paid for electricity from the Dabhol power plant, India's biggest-ever foreign investment at $2.9 billion, is "unaffordable" and seeks to renegotiate tariffs. A recent committee appointed by the government, the Godbole panel, recommended that the power purchase agreement be renegotiated. Dabhol has come under fire because of the relatively high cost of its power. Critics object to Dabhol charging 7.1 rupees ($1=INR46.8825) a kilowatt-hour for its power, compared with INR1.5/kwh charged by other suppliers. The 2,184-megawatt DPC project in Maharashtra has been mired in financial disputes after the Maharashtra State Electricity Board, its main customer, failed to pay the December 2000 and January bills. The Godbole panel is working toward lowering the DPC's power tariff and allowing the sale of excess power to the federal government or its utilities. A restructuring of the DPC's stakeholding may also be on the agenda. The Maharashtra government has asked the committee to try to negotiate a revised agreement within a month. The DPC currently operates a 740-megawatt naphtha plant contributing about 0.7% to India's installed capacity. Enron has maintained that work will be completed by the year-end in the second phase of the Dabhol project that will add 1,444 MW to its capacity. The plant will switch from naphtha to liquefied natural gas as a fuel source in 2002. Texas-based Enron has a 65% stake in the DPC and is the project's largest shareholder. Other shareholders include the MSEB with 15%, and General Electric Co. (GE) and Bechtel Enterprises (X.BTL) with 10% each. -By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427; [email protected] Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. India: Talks begin on Dabhol issue 05/12/2001 Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) - Asia Intelligence Wire MUMBAI, May 11. OFFICIALS of Enron India today met the expert committee headed by Dr Madhav Godbole to discuss the fate of Enron's Dabhol Power Company. Mr A.V. Gokak, Union Government representative, who was appointed only last night, could not attend the meeting due to the short notice. Lenders to the project who were to attend the meeting stayed away. Instead, Mr A.G. Karkhanis, former Executive Director, Industrial Development Bank of India, attended as observer on behalf of foreign and Indian lenders, Mr Vinay Mohan Lal, Energy Secretary, told reporters here after the meeting. When asked about Enron's reluctance to renegotiate, Mr Lal said: "They are coming again on May 23. What does that mean?" Though none of those present at the meeting was willing to give more details, senior State Government officials had earlier told Business Line that the State would be willing to discuss phase II only after a decision on the rebate slapped on DPC. "Basically our strategy will be to bring the Rs 401- crore rebate payable by DPC to the centre-stage," the official said. "The company has not mentioned a single word about the rebate in any of their letters to either the MSEB or the State. And we, on the other hand, have discussed anything but the rebate in our letters to DPC," he said. Mr Wade Cline, Managing Director, Enron India, did not comment on whether the company would issue the preliminary termination notice. The Maharashtra State Electricity Board (MSEB) Chairman, Mr Vinay Bansal, and Mr Lal had last evening briefed the Democratic Front constituents about their stand vis-a-vis Enron. They are understood to have told the political brass of the State that MSEB does not need the second phase of the Dabhol power project. They categorically said MSEB would not buy power from DPC-phase II, it is learnt. MSEB also reiterated its stand that DPC should adjust the dues owed by it against the non-performance penalty. Senior MSEB officials said the board had replied to the arbitration notice issued by DPC and made its position clear. The board is of the opinion that DPC should adjust Rs 213 crore - the December and January bills - against the Rs 401 crore penalty for performance default. The State Government also has backed the MSEB in its replies to the three arbitration notices served on it. It has said that since MSEB does not accept the charges - non-compliance with the power purchase agreement (PPA) - leveled against it, the State is not bound to pay. The Centre too is understood to have backed MSEB in its preliminary reply to the conciliation notice from DPC. Today's meeting was attended by Mr Cline, Mr Neil McGregor, President, DPC, Mr Mukesh Tyagi, Vice-President, DPC, and Mr Sanjeev Khandekar, VP, DPC, and Mr Mohan Gurunath, Chief Financial Officer, DPC. Among the renegotiation panel members, Mr Deepak Parekh, Mr E A S Sarma and Mr Kirit Parikh were also unable to attend. The next meeting is scheduled on May 23, Mr Lal said. Gokak nominated to panel: The Government has nominated former fertiliser and telecom secretary, Mr A.V. Gokak, to the arbitration committee involving Dabhol Power Company (DPC). The Power Ministry had earlier mooted the additional solicitor general, Mr Harish Salve's candidature for the job. The conciliation process, however, has been hanging fire as the third conciliator is yet to be appointed. Dabhol Power Company had written to the Centre last month seeking six names for selection of a mutually acceptable conciliator to kick- start the conciliation process. DPC's letter to the Finance Ministry was seen in the context of the substantial delay between the initiation of the conciliation process three weeks ago and the finalisation of the conciliators. Soon after the conciliation process was initiated, DPC decided to invoke political force majeure and moved in for arbitration - a prelude to termination of the project. Our Bureau Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. India to allow 3rd party sale if DPC, MSEB jointly approach 05/12/2001 Press Trust of India Limited (c) 2001 PTI Ltd. Mumbai, May 12 (PTI) The Federal Government will allow sale of power to a "willing buyer" if the Enron-promoted Dabhol Power Company (DPC) and Maharashtra State Electricity Board (MSEB) will together approach the power ministry with a concrete proposal for their 2,184 mw project in Dabhol. "I will give whatever status they want, including a mega project one, if DPC and MSEB jointly approach the Centre (Federal Government) for the same", Indian Power Minister Suresh Prabhu told reporters here Saturday. He said the Indian Government would extend its cooperation to the Maharashtra government (western state) "in every way" to resolve the imbroglio between MSEB and DPC. When pointed out that both the state government and DPC were of the opinion that federal power utility National Thermal Power Corporation (NTPC) should buy the power, Prabhu said NTPC cannot do so as it was power selling entity and not buying one. "There is no question of NTPC buying power from the project since long term power purchase agreements (PPAs) have been signed by NTPC with the buying states", he reiterated. Prabhu said the Indian Government would also try and find out potential buyers of DPC power "if other states were willing to buy the same". Earlier in his meeting with state chief minister Vilasrao Deshmukh, the latter had suggested that NTPC sell the excess power over and above the 300-400 MW needed for the state from the 740 MW phase-I and soon to be commissioned phase-II of 1,444 MW, to other needy states. (THROUGH ASIA PULSE) 12-05 2001 Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. LOCAL STORIES DEFAZIO CALLS FOR STATE TO BUY PGE TO PROTECT RATES DAVE HOGAN AND JEFF MAPES of the Oregonian Staff 05/12/2001 Portland Oregonian SUNRISE C01 (Copyright (c) The Oregonian 2001) Summary: The suggestion generates little enthusiasm and critics suspect it's motivated by the lawmaker's possible race for governor "I believe this is an extraordinary opportunity and a way that we can insulate almost a quarter of our population and a core of Oregon's business community from the craziness that is going on in the energy wholesale markets." -- U.S. REP. PETER DeFAZIO D-ORE. The state of Oregon should consider buying investor-owned Portland General Electric to help protect Oregonians from gyrations in the electricity market, U.S. Rep. Peter DeFazio declared Friday. Gov. John Kitzhaber reacted politely and said he'll explore the idea, but others said it's a long shot because of political, financial and timing factors. Critics said the proposal appeared aimed more at attracting attention to DeFazio's potential candidacy for governor than anything else. Several companies already are considering buying the utility, but DeFazio said state ownership could help keep PGE customers' electricity rates low and generate profits that could help the rest of Oregon. "I believe this is an extraordinary opportunity and a way that we can insulate almost a quarter of our population and a core of Oregon's business community from the craziness that is going on in the energy wholesale markets," said DeFazio, D-Ore. PGE serves about 725,000 retail customers, mostly in the Portland area, and is owned by Houston-based Enron Corp. PGE's sale to Nevada's Sierra Pacific Resources for $3.1 billion officially fell apart last month. Other possible buyers include Northwest Natural and ScottishPower, which owns PacifiCorp. While Enron and PGE officials declined to comment Friday, legislative leaders showed no particular enthusiasm for DeFazio's idea. "I appreciate his efforts, but I don't think it's the right idea at this time," said House Speaker Mark Simmons, R-Elgin. He said the state already has a package of bills aimed at spurring more energy production and conservation. Senate President Gene Derfler, R-Salem, said he'd be willing to sit down and talk with DeFazio. "I would not just shut the door," he said, but he doesn't plan to devote much work to the proposal. Derfler questioned whether state government could run a utility as efficiently as a business. DeFazio said a PGE purchase would offer several benefits. State ownership would put control of PGE in local hands instead of those of a faraway corporation such as ScottishPower. For PGE customers, state ownership would provide some protection and stability in electricity rates. It also would be a good investment that would pay for itself and perhaps pump revenue back into the state's coffers. The purchase could be financed with tax-exempt bonds sold by the state. DeFazio said state Treasurer Randall Edwards had told him the idea was "in the realm of possibility." DeFazio's idea is an intriguing one and could provide some benefits, said Bob Jenks, executive director of the Citizens' Utility Board, which represents customers of investor-owned utilities such as PGE. Jenks said the primary benefit would be that, if the state bought PGE, the utility would be able to buy lower-priced electricity from the Bonneville Power Administration, which is required to sell power at lower rates to publicly owned utilities. However, a publicly owned PGE wouldn't be able to buy the lower-priced BPA power for about five years because of electricity sales contracts that already are in place. And even if PGE were able to buy lower-priced BPA power, that wouldn't necessarily translate to lower electricity bills for PGE customers, Jenks said. In addition, he said it could increase rates for other publicly owned utilities because the BPA has a shortage of cheap hydropower. The state Public Utility Commission would have to approve any sale of PGE, but outgoing PUC Chairman Ron Eachus criticized DeFazio's proposal, saying it had the potential to increase rates both for PGE customers and for publicly owned utilities. He also said it seemed designed to get political attention for DeFazio's potential candidacy. "I think we're in the political season where people are proposing grandiose schemes that aren't very well thought out, and this seems to be one of those," Eachus said. DeFazio conceded that a high-profile proposal focused on a Portland-area issue such as the ownership of PGE would be a good way for a candidate to build support for a run for governor, but he said that had nothing to do with his plan. You can reach Dave Hogan at 503-221-8531 or by e-mail at [email protected]. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Congressman suggests state buy PGE By CHARLES E. BEGGS Associated Press Writer 05/11/2001 Associated Press Newswires Copyright 2001. The Associated Press. All Rights Reserved. SALEM, Ore. (AP) - Congressman Peter DeFazio on Friday proposed that the state buy Portland General Electric as a way to hold down power costs. The Democrat outlined his plan after presenting it to Gov. John Kitzhaber, who said he would ask his energy advisers to analyze it. PGE is Oregon's biggest electric utility, serving more than 700,000 customers. DeFazio said a state purchase of the company could insulate many Oregonians from "the craziness in power markets." DeFazio said the state could buy the company by issuing revenue bonds and have the utility operate as a public power entity. He said the purchase would give the state a diverse mix of transmission rights along with hydropower, gas, coal and renewable energy sources. "While I have not exhaustively researched the proposal, it does appear to be feasible," said DeFazio, an opponent of electric deregulation. Enron Corp., the Texas-based owner of PGE, is trying to sell the utility. Sierra Pacific last month abandoned its plan to buy PGE for $3.1 billion, citing increasing difficulties in the current market and the political environment in the West. Kitzhaber said he's not opposed to the idea of the state buying a private utility, as long as it would benefit consumers. DeFazio said PGE has been a profitable company, and putting it in public ownership could give it preference over private utilities for the Bonneville Power Administration's hydropower. The congressman's suggestion wasn't welcomed by the Legislature. "Thanks, but no thanks," said House Speaker Mark Simmons. "Philosophically, I think it's the wrong approach," he said. "We have a bipartisan package of bills dealing with the issue." Among those are his measure to delay partial electric deregulation for large businesses and a bill to speed up the process for siting temporary generating plants. Senate President Gene Derfler didn't reject the idea, but said the Legislature doesn't have enough time in the current session to take on a job like a utility purchase. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.	[email protected]
arnold-j/discussion_threads/52.	subject: baby content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/02/2000 10:46 AM --------------------------- "Zerilli, Frank" <[email protected]> on 08/01/2000 02:58:03 PM To: "Kelly, Joseph" <[email protected]>, "Marcotte, Tom" <[email protected]>, "Lynch, Justin" <[email protected]>, "Fioriello, John" <[email protected]>, "Dennis, Robert" <[email protected]>, "Glynn,Kevin" <[email protected]>, "Leo, Andre" <[email protected]>, "Sergides, Melissa" <[email protected]>, "Bill Horton (E-mail)" <[email protected]>, "Lew G. Williams (E-mail)" <[email protected]>, "Lew G. Williams (E-mail 2)" <[email protected]>, "Christine Zerilli (E-mail)" <[email protected]>, "Sharon C. Zerilli (E-mail)" <[email protected]>, "Stacey & Dave Hoey (E-mail)" <[email protected]>, "Jeannine & Rob Votruba (E-mail)" <[email protected]>, "Pat Creem (E-mail)" <[email protected]>, "josh Faber (E-mail)" <[email protected]>, "Jason D'alessandro (E-mail)" <[email protected]>, "David D'alessandro (E-mail)" <[email protected]>, "Eric Carlstrom (E-mail)" <[email protected]>, "Sean Jacobs (E-mail)" <[email protected]> cc: "'[email protected]'" <[email protected]> Subject: baby baby - baby.mpg	[email protected]	[email protected]
arnold-j/discussion_threads/520.	subject: Friday Staff Meeting - Conference Bridge Number content: John, You can call in for the staff meeting on Friday, 5/18. Here is the information on it. -Ina I have arranged a conference bridge number for the Friday staff meeting for the individuals that might have difficulty with video conference equipment or will be on travel status and not available at the office. As a reminder the staff meeting is scheduled at 2:30 pm Central time. The conference bridge number is: Domestic 1-800-713-8600 International 1-801-983-4017 Pass Number 03151 If you have any questions, please let me know! k	[email protected]	[email protected]
arnold-j/discussion_threads/521.	subject: Guggenheim Survey content: Hello all, Please complete our preliminary feedback form so that we can track the value of our investment in the Enron/Guggenheim event(s). We will use your input to shape our future business development opportunities. Thank you in advance for providing this valuable information. Please fax your response to me at 713-853-6790.	[email protected]	[email protected], [email protected],
arnold-j/discussion_threads/522.	subject: Additional offerings to round out your portfolio content: John - I left a message about this last week, but wanted to follow-up with additional information for your review. We have three offerings currently available (or coming soon) that I feel would compliment the small/mid cap and fixed income exposure you already have through Redwood, Sequoia, and Willow. Quantitative Allocation, LLC: Integrates four quantitative investment models to drive aggressive (and potentially leveraged) asset allocation decisions. Generates exposure to stock and bond markets through indexing techniques and futures transactions. Portfolio market exposures can range from +325% to -175% of net assets. This is clearly different from the largely non-leveraged stock-picker funds you already own. I would consider this to be a predominately large-cap investment (I think of it as an index fund with a brain and on steroids - call me and I'll explain that comment in more detail). Juniper Crossover Fund, LLC: Managed by OrbiMed Advisors, and focused on global biotech and pharma. Up to 30% participation in private equity. This could be a way to get you some private equity exposure with a world-class manager. Tamarack International Fund, LLC: Long/short stock-picker fund focused on the international mid-cap market. I feel this fund is very similar in style to the managers you already own, but would give you exposure to the international markets that you currently lack. This is a new fund and the first closing will probably be in June. Of course, the summaries above are for information purposes only and do not constitute an offer to sell or solicitation of an offer to buy interests in these funds. Please call me if you're interested in any of the strategies outlined above, and I'll have the appropriate offering memorandum sent to you. Thanks, > Michael Gapinski > Account Vice President > Emery Financial Group > PaineWebber, Inc. > 713-654-0365 > 800-553-3119 x365 > Fax: 713-654-1281 > Cell: 281-435-0295 > Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by PaineWebber and PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.	[email protected]	[email protected]
arnold-j/discussion_threads/523.	subject: BNP PARIBAS Commodity Futures NG MarketWatch For 5/14/01 content: (See attached file: g051401.pdf) ______________________________________________________________________________ _______________________________________________________ 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. ______________________________________________________________________________ _______________________________________________________ - g051401.pdf	[email protected]	[email protected]
arnold-j/discussion_threads/524.	subject: Mothers Day content: thank you for the beautiful flowers!? They arrived late Friday and Vic emptied the refrigerator and stored them in there.? There were very fresh this morning.? The aroma is so strong that you smell them upon just entering my office.? It's those lilies that they used.? It really is a very pretty arrangement.? Thank you so much. Uncle Elmer & Rosa are not coming this week as they have an illness in the family.? I am busy emptying the kitchen...they start Wed. morning. See you Saturday!? Love, Your Mom	[email protected]	[email protected], [email protected]
arnold-j/discussion_threads/525.	subject: RE: Defense content: i am open to any of your wonderful ideas. new orleans..1..2...out -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Monday, May 14, 2001 10:01 PM To: [email protected] Subject: Re: Defense maine impossible to get to .. next idea?	[email protected]	[email protected]
arnold-j/discussion_threads/526.	subject: Long term Gas Curve content: John Hope you're well. We are doing some work here on the long term curve for UK natural gas and would value your views on the long term NYMEX Nat gas curve. By long term I am talking 7-20 years. Our thinking is that beyond the traded period of 5-10 years forward, UK prices would at least partially reflect the long run marginal cost of LNG in a "globalised" market provided US prices were not significantly above. As we are currently working on some long term structured deals it would be great to get your input on this. Many thanks Andy	[email protected]	[email protected]
arnold-j/discussion_threads/527.	subject: daily charts and matrices as hot links 5/15 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. Distillate and unleaded charts to follow. Crude http://www.carrfut.com/research/Energy1/crude42.pdf Natural Gas http://www.carrfut.com/research/Energy1/ngas42.pdf Nat Gas Strip Matrix http://www.carrfut.com/research/Energy1/StripmatrixNG42.pdf Nat Gas Spread Matrix http://www.carrfut.com/research/Energy1/SpreadmatrixNG42.pdf Crude and Products Spread Matrix http://www.carrfut.com/research/Energy1/SpreadmatrixCL42.pdf Carr Futures 150 S. Wacker Dr., Suite 1500 Chicago, IL 60606 USA Tel: 312-368-6149 Fax: 312-368-2281 [email protected] http://www.carrfut.com	[email protected]	[email protected]
arnold-j/discussion_threads/528.	subject: Nat Gas market analysis for 5-15-01 content: Attached please find the Natural Gas market analysis for today. ? Thanks, ? Bob McKinney - 5-15-01 Nat Gas.doc	[email protected]	[email protected]
arnold-j/discussion_threads/529.	subject: ALL daily charts and matrices as hot links 5/15 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/crude42.pdf Natural Gas http://www.carrfut.com/research/Energy1/ngas42.pdf Distillate http://www.carrfut.com/research/Energy1/hoil42.pdf Unleaded http://www.carrfut.com/research/Energy1/unlded42.pdf Nat Gas Strip Matrix http://www.carrfut.com/research/Energy1/StripmatrixNG42.pdf Nat Gas Spread Matrix http://www.carrfut.com/research/Energy1/SpreadmatrixNG42.pdf Crude and Products Spread Matrix http://www.carrfut.com/research/Energy1/SpreadmatrixCL42.pdf Carr Futures 150 S. Wacker Dr., Suite 1500 Chicago, IL 60606 USA Tel: 312-368-6149 Fax: 312-368-2281 [email protected] http://www.carrfut.com	[email protected]	[email protected]
arnold-j/discussion_threads/53.	subject: wv love story content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 07:22 AM --------------------------- Matthew Arnold 08/02/2000 06:46 PM To: John Arnold/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT cc: Subject: wv love story ---------------------- Forwarded by Matthew Arnold/HOU/ECT on 08/02/2000 06:44 PM --------------------------- Jonathon Pielop 07/31/2000 07:55 AM To: Mo Bawa/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT cc: Subject:	[email protected]	[email protected]
arnold-j/discussion_threads/530.	subject: Enron Mentions content: Hawk vote for California firm unanimous Houston Chronicle, 05/15/01 INTERNATIONAL ECONOMY: Enron may cut stake in Gulf gas project Financial Times; May 15, 2001 JAPAN: Enron says high power rates costing Japan. Reuters English News Service, 05/15/01 Japan Must Speed Up Pwr Sector Dereg To Lower Rates-Indus Dow Jones Energy Service, 05/15/01 SINGAPORE: ANALYSIS-No Asia fallout seen from Enron's India woes. Reuters English News Service, 05/15/01 Saudi Won't Announce Winners Of Gas Projs Tue - Report Dow Jones Energy Service, 05/15/01 MSEB refutes allegations by Enron, DPC The Economic Times, 05/15/01 Saudi Supreme Petrol Council meeting to decide on huge gas project bids Business Recorder, 05/15/01 May 15, 2001 Houston Chronicle Hawk vote for California firm unanimous Montgomery Watson pegged for water plant By MARY FLOOD Copyright 2001 Houston Chronicle The Houston Area Water Corp. voted unanimously Monday to grant a $92 million contract to a California-based firm to design, build and operate a Lake Houston water plant. City Council soon will receive the contract for its approval. The administration of Mayor Lee Brown was believed to have favored Montgomery Watson's chief competitor, Azurix Corp., an arm of local energy giant Enron Corp. The water corporation, known as "the Hawk," voted 5-0 to grant the contract. If approved by City Council, the contract would give the company 2 1/2 years to get the plant up and treating raw lake water. It was initially expected that the plant, which will be designed to handle 40 million gallons of water daily, could cost as much as $150 million to build. The Hawk board asked the vying companies to modify their bids several times, and that caused the competitors to lower their prices. The contract calls for the Hawk to pay a monthly operating fee of $157,000 when the plant is working. And Montgomery Watson could be required to construct, at the Hawk's option, an additional 40 million-gallon-a-day plant expansion for $32 million. But the details of how the plant will be financed have not been determined. The Hawk board discussed borrowing money using the city's credit rating on a short-term basis until it could develop long-term financing by selling bonds itself. The initial customer for the water is the city of Houston, which would repay the Hawk the cost of producing the treated water. The hope is that the plant eventually will provide water to other entities in the area as well. This plant is part of an area plan for the treatment of surface water that could cost about $2 billion to implement. City Councilman Carroll Robinson, who heads the council infrastructure committee, said he expects to hold two hearings about the contract. One would focus on how the Hawk board picked Montgomery Watson. A series of three recommendations from City Hall staff recommended Azurix. Hawk board members said Montgomery Watson's prices were lower by millions and that Azurix plans to sell Azurix North America, the body that would oversee this contract. The second City Council hearing will focus on financing, Robinson said. "In my mind, how the city will pay for this construction is as important as who will do it," Robinson said. The Hawk board, appointed by Brown and approved by City Council, has been heavily lobbied by the contenders for the job. Because City Council does not have to follow the Hawk recommendation, new pressure has begun at City Hall. The third bidder, U.S. Filter Operating Services, part of a French company, has been heavily lobbying some council members to switch the contract to it. Some members of the Azurix team -- people at companies that would have gotten work had Azurix gotten the job -- have written letters complaining about the Hawk procedures as well. John M. Stokes, president and chief executive officer of Azurix, penned the first such distressed missive. In April, he wrote to Hawk board Chairman David Berg complaining of the "deleterious economic effect" on Azurix of the board's decision to negotiate with Montgomery Watson. He requested that Berg answer a series of questions in writing explaining why Azurix didn't get the job. Berg didn't do so. Although that letter had a threatening tone, Amanda Martin, president of Azurix North America, said no threat was intended and the letter simply indicated how upset the team was when it first learned Azurix wasn't chosen. Azurix was the rumored front-runner for months. INTERNATIONAL ECONOMY: Enron may cut stake in Gulf gas project Financial Times; May 15, 2001 By ROBIN ALLEN There are growing fears that Enron, the US power company, may withdraw or sharply reduce its stake in the Gulf's Dollars 10bn Dolphin gas export scheme, one of the most ambitious of its kind in the region. Enron officials have refused to comment on reports that the company is reconsidering its position as a minority shareholder in Dolphin Energy, in which France's TotalFinaElf (TFE) also has 24.5 per cent. However, one industry specialist said yesterday Enron was talking of "selling" at least part of its shareholding. The threat raises critical issues for western companies seeking to profit from accessing state-owned oil and gas in the Gulf. The project was launched two years ago by Abu Dhabi, the wealthiest of the United Arab Emirates, to promote energy security for the Gulf. But Abu Dhabiis seen as a prime example of a state where prestige and opaque domestic political considerations can be as important as profitability in such a large-scale project, especially in the early stages. Dolphin's majority owner is UAE's Offsets Group (UOG), an offshoot of Abu Dhabi's defence procurement industry. In March, Dolphin, a relative newcomer on Abu Dhabi's energy scene, signed a Dollars 3.5bn agreement with Qatar to exploit and pipe up to 2bn cubic feet a day of gas from Qatar's prolific North Field to Abu Dhabi. Qatari gas is the source of Abu Dhabi's long-term energy strategy, and Enron 's role was to develop, at a profit, the downstream section, primarily to construct and lay the 350km pipeline from Qatar to Abu Dhabi. Enron is not a specialist in energy production or pipeline fabrication, but one of its main aims, according to one analyst, was to gain access to the gas accruing to it from the Qatar deal and then trade it on. Sheikh Zayed Bin Sultan al-Nahyan, Abu Dhabi's ruler, disapproves of commodity trading. "If the Qatar-UAE gas deal was going to be profitable" for western energy majors, asked one senior western diplomat, "then why are the serious US energy majors not involved?" For more reports see www.ft.com/globaleconomy Copyright: The Financial Times Limited JAPAN: Enron says high power rates costing Japan. 05/15/2001 Reuters English News Service (C) Reuters Limited 2001. TOKYO, May 15 (Reuters) - A senior executive of U.S. energy giant Enron Corp said on Tuesday that Japan could save an estimated four trillion yen ($32.45 billion) in annual costs if electricity rates were cut to the average of members of the Organisation for Economic Cooperation and Development (OECD). "If you were to pare Japanese industrial electric rates to the OECD average...savings to all...customers would be about four trillion yen per year," Enron Corp Vice President Steven Kean told a seminar in Tokyo. Speaking at a seminar on electric power deregulation, Kean said that indigenous factors such as steep land prices and a lack of natural energy resources were often blamed for Japan's high electricity rates. But he said these factors were not sufficient to explain Japan's high electricity rates. A report commissioned by Enron Japan Corp showed that in 1998 Japan's electricity rates for industrial users were 16.81 yen per kilowatt hour (kWh) compared to a second highest rate of 12.44 yen in Italy. Japan's business sector has expressed concern at the nation's high electricity rates, saying that it blunts their competitive edge on the international market. Kean also drew parallels between Japan, in the midst of deregulation, and California which has been suffering from a power shortage since deregulating its market in 1998. These included the length of time that authorities in Japan took to issue permits to allow the construction of new power plants, he said. "The regulatory structure in Japan is very strict...just like in California," Kean said. North America's biggest buyer and seller of electricity, Enron gained its first foothold in Japan in 1999 when it established affiliate E Power Corp. In April of last year, it set up subsidiary Enron Japan Corp. Kean urged Japan to step up measures to open up its power market, a process he said held many benefits. Japan is in the process of deregulating its power market. Since March last year, large-lot consumers have been free to chose their suppliers. The measure liberalised an estimated 30 percent of the power market and ended Japan's 10 power utilities regional monopoly. However, industry watchers note that there have been very few new entrants and that further deregulation measures must be taken for rates to fall. The Japanese government is due to review the process in 2003. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Japan Must Speed Up Pwr Sector Dereg To Lower Rates-Indus 05/15/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) TOKYO -(Dow Jones)- Japan should accelerate the ongoing electric power sector deregulation to fully liberalize the retail market, in order to bring down the country's high power rates while ensuring stable power supply, experts said at an industry seminar Tuesday. The pressure is mounting for Japan's 10 power utilities, which have long enjoyed regional monopolies until a year ago, to become cost- effective and performance-conscious after the government partially liberalized the retail power market in March 2000. However, the current scheme has so far failed to lure a large number of potential entrants because of the high transmission fees they must pay to conventional power companies. "What happened in overseas (power industries) suggest that the liberalization in Japan wouldn't only lower power rates but would also contribute to stable power supply significantly," said Tatsuo Hatta, professor of economics at the University of Tokyo. Compared with the U.S., Japanese electricity charges are typically twice as much for households and three times higher for industrial users. "There is a large discrepancy (in rates), and that is why we should hurriedly implement the liberalization," Hatta said. He said Japan's steep seasonal peak-load curve - one of the reasons the power companies cite as the cause of high power rates in Japan - can be altered once the prices are liberalized. "If power rates are set higher during those peak hours following the liberalization, users would refrain from using electricity." Steven Kean, executive vice president of the U.S. energy major, Enron Corp. (ENE), told the same seminar that Japan's power costs remain on the upward trend despite cost reductions in Europe and the U.S. He said Japan could achieve a cost-saving of Y4 trillion a year if its power prices fall to levels in Organization for Economic Cooperation and Development countries following the liberalization. Hatta and Kean were speaking at the seminar called "Reassessing Power Deregulation," which was co-sponsored by the Houston-based Enron. Hatta of the University of Tokyo said "it's very wise" that Japan has begun the deregulation with the "bilateral supply, or trade" system under which suppliers and users clinch deals directly. Under the current reforms, the sector for high-volume, large-lot industrial and commercial users - which represents only 30% of the Y15 trillion market - is opened to free competition. The government is to review the partial deregulation by 2003 for further deregulation. Japan should then introduce spot electricity trading such as futures and derivatives to alleviate risks of complicated price volatility for power providers, Hatta said. Hatta and other experts attending the seminar said further deregulation should destroy the systems that have supported the country's high power rates - regional monopolies and the fair rate return method, under which all costs are levied on prices. "There is absolutely no need to set the same (power) prices" nationwide, Hatta said. Power companies should make the opaque transmission fees transparent and set them accordingly with regional demand, he said. Yoshinori Omuro, vice president of Takashimaya Co.'s (J.TKA or 8233) management department, acknowledged the slow progress of the deregulation. Takashimaya, a major department store operator, has shifted to Diamond Power Corp., a wholly-owned subsidiary of Mitsubishi Corp. (J.MIB or 8058) as its power supplier at two of its 18 stores, with "strong back-up" from the Ministry of Economy, Trade and Industry. "Despite the deregulation, the situation isn't where we can negotiate with power utilities to reduce (electricity costs). We have no choice but select independent power providers," Omuro said. -By Maki Aoto, Dow Jones Newswires; 813-5255-2929; [email protected] Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. SINGAPORE: ANALYSIS-No Asia fallout seen from Enron's India woes. By Cameron Dueck 05/15/2001 Reuters English News Service (C) Reuters Limited 2001. SINGAPORE, May 15 (Reuters) - A bitter payment battle between U.S. energy giant Enron Corp and authorities in India will serve as a reminder to foreign investors of the risks of putting money into emerging markets, analysts and bankers say. But it is unlikely to deter the flow of money into Asian electricity projects. The pace of power privatisation and deregulation varies too greatly from country to country for the controversy in India to chill investment activity across Asia, they say. It does, however, underline the risks companies take despite some security offered by government payment guarantees. "Independant power producers (IPPs) will see Enron and Dabhol as an illustration of the dangers and possible risks of investing in an emerging market, but it would be going too far to say that other markets will be adversely affected because of it," said Philip Jackson, a banker with JP Morgan Chase in Hong Kong. Enron is on the verge of bailing out of an almost completed $2.9 billion power project because of a decade-long dispute with the troubled Maharashtra State Electricity Board (MSEB) over pricing and unpaid bills. MSEB has fallen about six months behind in paying for electricity supplied by Dabhol Power Co, the Indian unit of Houston-based Enron. The utility said last month that it had repaid about $28.6 million of the $48.2 million outstanding. The board of Dabhol has authorised the management to stop selling power to MSEB if the dispute is not resolved. Local media reports earlier in May said Enron was pulling executives out of India and relocating them elsewhere. Dabhol has invoked payment guarantees issued by the state and federal governments, but neither has stepped forward to foot the bill. GOVERNMENT GUARANTEES Banks often demand sponsor or host government guarantees to lessen risk before financing energy projects, which have long lead times and high capital expenditure. Governments are keen to provide guarantees to attract foreign investment. Guarantees may cover shortfalls in production, default of customer payment or even changes in market conditions. But such guarantees do not always provide the desired safety net and analysts said the legal systems in many emerging nations are simply not efficient enough to back these agreements. Enron's experience in India highlighted the risks of power investment in emerging countries and the unpredictability of government guarantees, they said. "Guarantees like that are painful for companies and for polititicians they're even more so," said John Vautrain, vice president at Purvin & Gertz in Singapore. "If the call is substantial, it's going to be bad." Robert Booth, director of the Bardak Group in West Perth, Australia, was more pessimistic and reckoned some companies might take a lead from Enron and shy away from emerging Asian nations. "Investors will pull back from these countries until they see that there is a properly functioning legal system that gives them assurance if they have to call in a government guarantee," Booth said. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Saudi Won't Announce Winners Of Gas Projs Tue - Report 05/15/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) MANAMA, Bahrain -(Dow Jones)- Saudi Arabia's supreme petroleum council is expected to hold a meeting Tuesday evening, but it's unlikely to declare its choice of international oil companies to participate in downstream gas projects, Arabic al-Hayat newspaper reported. The newspaper quoted sources at the government's technical committee overseeing the proposed projects as saying that the committee hasn't completed its final report concerning the oil companies' offers. "Studies and recommendations haven't been completed yet and they need some time in order to present the project at its final structure, attached with recommendations from the technical committee," the sources said, according to the newspaper. However, the oil council "might endorse some balances concerning the offers," the newspaper said but didn't elaborate further. Sources in Saudi Arabia have said the oil companies were expected to be notified soon on whether they have been selected to participate in the gas projects. Saudi Arabia invited international oil companies in October 1998 to participate in proposals for downstream gas projects and upstream gas enhancement. After a series of meetings between the negotiating committee and the oil companies in the past year, several companies were shortlisted for each project. The companies shortlisted for Core Venture 1, the $15 billion South Ghawar Area Development were Royal Dutch/Shell Group (RD), BP PLC (BP), Exxon Mobil Corp. (XOM), Chevron Corp. (CHV), Total Fina Elf S.A. (TOT) and ENI SpA (E). For Core Venture 2, the Red Sea Development, Enron Corp. (ENE) and Occidental Petroleum Corp. (OXY) are bidding jointly and Exxon Mobil, Total Fina Elf, Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA) were shortlisted. And for Core Venture 3, the Shaybah area, Total Fina Elf, Conoco, Phillips Petroleum (P), Enron and Occidental, Exxon Mobil, Shell and Marathon Oil were shortlisted. -By Abdulla Fardan, Dow Jones Newswires; 973-530758; [email protected] Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. MSEB refutes allegations by Enron, DPC Girish Kuber 05/15/2001 The Economic Times Copyright (C) 2001 The Economic Times; Source: World Reporter (TM) MUMBAI THE MAHARASHTRA State Electricity Board on Monday in a letter to Enron refuted all allegations made against it by the company while invoking the political force majeure. Enron-promoted Dabhol Power Company on April 9 had invoked the political force majeure clause. DPC had indicated it was not in a position to fulfil its contractual obligations to MSEB because of political circumstances beyond its control. MSEB in a reply on Monday denied Enron's allegation of 'political circumstances' and said there was no reason why it should have felt insecure. "Such a step was necessary under the Power Purchase Agreement and related security documents to notify the board of 'certain events and to enforce our rights'," DPC had said. However, according to MSEB, such a step by DPC was uncalled for. For DPC, invoking the force majeure clause was necessary as 'certain events occurred that are beyond the reasonable control of the affected party (DPC)'. MSEB has expressed surprise in a letter on Monday. The energy major had dispatched the notice to MSEB, as an affected party, which had been subjected to "concerted, deliberate and politically motivated actions of state government, the Government of India and the Board, which will have a material and adverse effect on DPC's ability to perform obligations under PPA". "Given the cumulative effect of these political actions, DPC determined that the political force majeure declaration is an appropriate mechanism for providing that notice, and that is an appropriate and necessary step in protecting DPC and its stakeholders' rights," the statement added. However, for MSEB this was 'yet another move' from Enron to avoid paying Rs 402 crore penalty the MSEB has slapped on it for failing to supply electricity as per the agreement. MSEB, in today's letter, reiterated its suggestion to adjust December 2000 and Januray 2001 bills, against the Rs 800 crore penalty it has slapped on Enron for not supplying electricity as per demand. MSEB has refused to pay DPC's December 2000 and January 2001 bills worth Rs 213 crore. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Saudi Supreme Petrol Council meeting to decide on huge gas project bids 05/15/2001 Business Recorder Copyright (C) 2001 Business Recorder; Source: World Reporter (TM) RIYADH : Saudi Arabia's Supreme Petroleum Council (SPC) is holding meetings on bids by 12 foreign oil majors for three giant gas projects and should take a decision shortly, a top oil official said on Monday. "The SPC has been discussing recommendations by the negotiating committee about the bids, and the meetings will continues executive president of the committee Abdulrahman al-Suhaibani told AFP. "It is not clear yet when the discussions will be completed and wham a final decision will be issued," added Suhaibani, who expected it to be soon. The meetings began two weeks ago. A senior foreign oil executive in the kingdom expected an answer to his firm's bid by the end of this week or the start of next week. "The SPC is holding a crucial meeting today (Monday) and tomorrow. bin were told we would get an answer to our proposals either this weekend or early next week," the executive told AFP. The negotiating committee made detailed recommendations after meeting with the representative of 12 international oil companies (IOCs) which are bidding for the three multi-billion projects, the executive said. The committee, comprising ministers who are also SPC members, is headed by Foreign Minister Prince Saud al-Faisal. The gas projects, which would be the first foreign investment in the kingdom's energy sector since nationalisation in 1961, are located in the South Ghawar field near Al-Hufuf in the Eastern Province, Shaybah in the Empty Quarter desert, and the northern Red Sea area. They cover 440,000 square kilometres (176,000 square miles), making it the world's largest area for hydrocarbon investment. US majors Enron and Occidental in a joint bid, as well as Chevron, Conocokilometres, ExxonMobil, Marathon, Phillips and Texaco have been shortlisted for the Saudi projects. Rounding out the list are European firms BP Amoco, Eni, Royal Dutch Shell and TotalFinaElf. ExxonMobil, Shell and TotalFinaElf are in the bidding for all three ventures. The investment involves gas exploration and production, setting up petrochemical industries and power and water desalination plants. The projects, called the natural gas initiative, are to be carried out simultaneously by consortia of two to three firms in cooperation with Aramco, the national oil company, on long-term basis for up to 30 years, the executive said. Aramco has been working to double the Saudi gas network's capacity from the current 3.5 billion cubic feet (105 million cubic metres) per day to seven billion cubic feet (210 million metres) daily in 2004. Saudi Arabia, which sits on top of the world's biggest oil reserves, has proven natural gas reserves of 220 trillion cubic feet (6.6 trillion cubic metres).-AFP Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.	[email protected]
arnold-j/discussion_threads/531.	subject: option candlesticks 5/15 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. Option Candlesticks http://www.carrfut.com/research/Energy1/candlesticks42.pdf Carr Futures 150 S. Wacker Dr., Suite 1500 Chicago, IL 60606 USA Tel: 312-368-6149 Fax: 312-368-2281 [email protected] http://www.carrfut.com	[email protected]	[email protected]
arnold-j/discussion_threads/532.	subject: Vandy Team - Get Together content: Reminder - Reminder - Reminder Remember that the Vanderbilt team get together is taking place this Thursday from 5:30pm to 7:00pm at the Front Porch Pub on Gray. I hope to see you there. ----------------------------------------------- For reference, your link to this Invite is: http://evite.citysearch.com/r?iid=EWFPZQLYXVCWYUZGPPNX To see this invite -- and all of your invites -- click to your personal 'My Evite' page. http://evite.citysearch.com/tour?file=homepage/startPage/unreg.html&li=egi5 48484848	[email protected]	[email protected]
arnold-j/discussion_threads/533.	subject: Guggenheim Event content: John/Mike- Hi.. this is the list of people attending on thursday night.. the event starts at 9 pm so we are likely to take our guests to dinner before (around 6:30-7)- will send details today. Friday- so far, we have you seeing: SAC Cap- coming to office after close Friday Catequil- we will pop over Friday Global Advisors- Danny Masters stopping by 1) Per and Jean Sekse (Enron) 2) Russ Dyk and Caroline Abramo (Enron) 3) Jason Mraz and guest (Tudor Investments) 4) Andrew Suckling and guest (Tudor Investments) 5) Danny Masters and guest (Global Advisors UK) 6) Steve Schmitz and guest (SAC Capital) 7) Brian Copp and guest (SAC Capital) 8) Andreas Hommert and guest (Catequil Asset Management) 9) Rob Ellis and guest (Catequil Asset Management) 10) Jason Hotra and guest (Harvard Management Company, Inc.) In addition, I'd like to get tickets for the additional parties below: 1) Jennifer Fraser and guest (Enron) 2) Robyn and George Zivic (Enron) 3) Paul Touradji and guest (Catequil Asset Management) 4) William Callanan and guest (Duquesne Capital Management) - please advise on whether I can have this many tickets	[email protected]	[email protected], [email protected]
arnold-j/discussion_threads/534.	subject: Guggenheim/Enron Attendee list for May 17 content: Hello all, Several of you have inquired who would be attending the May 17 Guggenheim event on our behalf, whether Enron employees or guests. While this list is always in motion, this should give you a good idea. I'm glad that each of you will be attending and hope that both you and your guests enjoy. Please call me on my cell phone at 713-515-9208 if you need anything. Otherwise, I will see you on the 17th at the Guggenheim. Take care, Margaret Allen	[email protected]	[email protected], [email protected], [email protected],
arnold-j/discussion_threads/535.	subject: content: Thanks for making me work out yesterday AND making me do sit ups! And for helping me clean up the other day - very nice!! Anyway, I was going to go tonight to prepare for my trip to Mexico BUT, when I called, they said I should wait until I get back. So, I am thinking that Tuesday, may 29th is the day!	[email protected]	[email protected]
arnold-j/discussion_threads/536.	subject: The WTI Bullet swap contracts content: Hi, Following the e-mail you have received yesterday concerning the new WTI bullet swap contracts, we would like to summarize what we have done on the ICE system yesterday evening: -Deleted WTI monthly time spreads -Deleted WTI/Brent monthly diff spreads (spread with legging) -Deleted 1% NYH Harbor Fuel Oil Crack monthly (spread with legging) -Added WTI/Brent monthly diff spreads (spread with NO legging) -Added 1% NYH Harbor Fuel Oil Crack monthly (spread with NO legging) Unfortunately the WTI/Brent and the 1% NYH Fuel Oil Crack contracts (with the legging functionality) have been removed from your portfolios. You will need to add the first four nearby months' contracts to your portfolios by going to Admin / Manage Portfolios / Edit your portfolio.... Please do not hesitate to contact us is you have any question: Helpdesk on +1 770 738 2101 (US) Stephanie Trabia: +44 207 484 5546 (UK) Regards, Stephanie Trabia Marketing Manager IntercontinentalExchange Tel +44 207 484 5546 Fax +44 207 484 5100 Mob +44 77 33 261 268 [email protected]	[email protected]	[email protected], [email protected]
arnold-j/discussion_threads/537.	subject: St. Croix refinery content: Jennifer asked me to explain about the effect of the refinery fire. The St. Croix refinery has their reformer offline. The reformer is used to convert straight-run naphtha into a high octane blending component called reformate as well as some butane and lighter gases. The effect would not really be a reduction in gasoline, but a reduction in a high quality blending component which would make it harder to make RFG. As of this writing, the fire is out. If you have any further questions, feel free to contact me. Jim 36970	[email protected]	[email protected], [email protected], [email protected]
arnold-j/discussion_threads/538.	subject: RE: Meeting - UPDATE content: Tomorrow's meeting will be held in EB2711 (Andy's office). Lydia Cannon Assistant to Andy Zipper 713-853-9975 713-408-6267 cell [email protected] -----Original Message----- From: Cannon, Lydia Sent: Friday, May 11, 2001 1:20 PM To: Arnold, John; Webb, Jay; Puthigai, Savita Cc: Zipper, Andy; Weatherstone, Mary; Rangel, Ina Subject: Meeting Andy Zipper would like for you to attend a meeting regarding: " Linking Auto-Hedge" on Wednesday, May 16, 2001 at 4:00 pm., location to be determine. Contact me if you are unable to attend or have any questions. Thanks Lydia Cannon Assistant to Andy Zipper 713-853-9975 713-408-6267 cell [email protected]	[email protected]	[email protected], [email protected], [email protected]
arnold-j/discussion_threads/539.	subject: FW: COB 05.15.01 PNL Estimate content: -----Original Message----- From: Hayden, Frank Sent: Tuesday, May 15, 2001 4:35 PM To: Lavorato, John; Kitchen, Louise Cc: Port, David; Gorny, Vladimir Subject: COB 05.15.01 PNL Estimate The gas desk lost $13MM. West desk made $56MM, financial desk lost $45MM. East Power lost 10MM West power lost approx 5MM Frank	[email protected]	[email protected]
arnold-j/discussion_threads/54.	subject: wv love story content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 07:24 AM --------------------------- Matthew Arnold 08/02/2000 06:46 PM To: John Arnold/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT cc: Subject: wv love story ---------------------- Forwarded by Matthew Arnold/HOU/ECT on 08/02/2000 06:44 PM --------------------------- Jonathon Pielop 07/31/2000 07:55 AM To: Mo Bawa/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT cc: Subject:	[email protected]	[email protected]
arnold-j/discussion_threads/540.	subject: Enron Mentions content: Dabhol lenders to vote today on PPA PPPPA termination Business Standard, 05/16/01 Enron to suspend investments of 600 mln usd in Brazil energy sector AFX News, 05/15/01 USA: Sempra unit to boost natgas delivery to California. Reuters English News Service, 05/15/01 Enron Urges Reforms In Japan Electricity Market-Nikkei Dow Jones International News, 05/15/01 Enron Agrees to Provide Market Data to NGX PR Newswire, 05/15/01 UAE To Seek New Partners If Enron Exits Dolphin Gas Proj Dow Jones International News, 05/15/01 Enron Should Sell Utility to Oregon, Lawmaker Argues (Update2) Bloomberg, 05/15/01 Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1) Bloomberg, 05/15/01 Dabhol lenders to vote today on PPA PPPPA termination Our Banking Bureau Mumbai 05/16/2001 Business Standard 1 Copyright (c) Business Standard The 25-odd lenders to the Dabhol power project will vote today on whether the Enron-promoted Dabhol Power Company (DPC) should be allowed to to serve a preliminary PPA termination notice to the Maharashtra State Electricity Board (MSEB). The voting will take place through conference calls criss-crossing the globe at 6.30 pm, Indian Standard Time. Even though the three Indian lenders_ the Industrial Development Bank of India (IDBI), the State Bank of India (SBI) and ICICI_ have decided to vote against the proposition, they will not be able to block the move. Technically, the proposal can be passed if four per cent of lenders are in favour of the termination notice. In effect, it will be passed if one of the 25 lenders casts its vote in favour of it. So, it's almost a foregone conclusion that DPC will be asked to issue its termination notice. Multilateral agency J-Exim, which has provided guarantees, will not participate in the exercise. Barring J-Exim, other financial intermediaries including global arrangers ABN Amro, Citi, ANZIB, CSFB and other banks and OPIC will cast their votes tomorrow. "In the first round, Indian lenders put their foot down and refused to give clearance to the termination notice. Thistime around they will not be able to block the move any more. The Indian lenders alone cannot save the controversial $3 billion as some of the foreign lenders are in favour of issuing the termination notice," said a source. The Indian lenders are in favour of completing the project without any time and cost over-run. They have disbursed about 80 per cent of their Rs 1,500 crore worth of loan commitments to phase II of the project, 93 per cent of which is complete. The trial run is expected to commence in June. The board of the Dabhol Power Company has already authorised Enron India managing director, K Wade Cline, to serve a termination notice as and when he deems fit. At a meeting of the lenders last month in London, the foreign lenders were keen that the termination notice be served in the face of defaults by the Maharashtra State Electricity Board (MSEB) and the Union government's refusal to honour the counter-guarantee of Rs 102 crore for the December bill. The domestic lenders are not covered by the counter-guarantee if the contract is terminated. The foreign lenders are covered by the counter-guarantee. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron to suspend investments of 600 mln usd in Brazil energy sector 05/15/2001 AFX News (c) 2001 by AFP-Extel News Ltd SAO PAULO (AFX) - Enron Corp will suspend investments of 600 mln usd in the Brazilian energy sector, news agency JB Online quoted Enron vice-president and Eletricidade e Servicos SA Elektro chairman Orlando Gonzales as saying. Of the total investment, 500 mln usd was to be assigned to the expansion of the thermoelectric plant Cuiaba II in the state of Mato Grosso, and in the construction of Rogen in the state of Rio de Janeiro, with the remainder to be invested in unit Elektro, it said. "There are no clear regulations for the sector. Regulatory issues are holding back investments," JB Online quoted Gonzales as saying. Gonzales said the decision to suspend the investments may be reconsidered if the energy sector regulator Aneel establishes clearer regulations. mg/as For more information and to contact AFX: www.afxnews.com and www.afxpress.com Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. USA: Sempra unit to boost natgas delivery to California. 05/15/2001 Reuters English News Service (C) Reuters Limited 2001. SAN FRANCISCO, May 15 (Reuters) - Southern California Gas Co. (SCG) said in a statement on Tuesday it will add around 200 million cubic feet a day, or about six percent, to its pipeline system by the end of the year in order to meet the surge in demand for gas-fired power generation. Today's announcement comes two months after SCG, a unit of Sempra Energy , proposed to increase capacity on its system by 175 mmcfd, or five percent. Both projects will add around 11 percent of new gas capacity to its transmission system this year, the company said in a statement. In its latest proposal, called the Kramer Junction Interconnect, SCG said it would build a 32-mile pipeline link to the Kern-Mojave pipeline system that will allow it to deliver around 200 mmcfd into its system. The new capacity would be enough to drive three 500-megawatt power plants or enough gas to serve 1.4 million residential customers a day, the statement said. SCG, the nation's largest gas utility with more 18 million consumers in central and Southern California, said utilization of its intrastate transmission system in the past nine months had jumped from 75 percent to over 95 percent, due largely to the rise in gas-fired power generation. The company's announcement is the latest in several proposals to expand gas pipeline capacity to California, where demand for gas is expected to jump because of the number of gas-fired power plants being built or scheduled for construction. Gas is already used to generate about a third of California's electricity. And since April 1999, the state has approved 13 major gas-fired power plant projects with a combined generation capacity of more than 8,900 megawatts. Nine gas-fired power plants, with a total generation capacity of more than 6,000 megawatts, are under construction. Over the past two months plans to build or expand gas lines serving California have been announced by Enron unit Transwestern, Williams Cos' Kern River Transmission, El Paso Corp. units El Paso Natural Gas Co. and Mohave Pipeline Co., Pacific Gas & Electric Corp. unit National Energy Group, Questar Corp. , Calpine Corp. , and Kinder Morgan . Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron Urges Reforms In Japan Electricity Market-Nikkei 05/15/2001 Dow Jones International News (Copyright (c) 2001, Dow Jones & Company, Inc.) TOKYO (Nikkei)--Asserting that cuts in electricity prices will help Japanese companies save as much as Y4 trillion, major U.S. energy firm Enron Corp. (ENE) on Tuesday urged Japanese power firms to revamp the electricity market by separating operations such as power generation, transmission and distribution, The Nihon Keizai Shimbun reported. Enron's 10-point proposal also calls for the construction of more power plants and full-scale deregulation of retail electricity, including sales to households. If such measures are carried out and electricity prices fall to match the levels of other industrialized nations, Japan's industrial sector could trim its costs by Y4 trillion, Enron said. At a seminar on power industry deregulation hosted by Enron, the company asserted that Japan's deregulation in such areas as wholesale electricity auctions in 1996 and bulk retail sales last year has not brought significant benefits to end-users. New suppliers entering the market only account for a combined 0.4% of the entire electricity sector, Enron said, criticizing the fact that power plant facilities are mainly concentrated among electric power companies. Regarding prices, an official representing operators of power generation facilities asserted that "industrial-use electricity prices in Japan are stuck at a high level at around Y13 per kilowatt, compared with Y5 in the U.S., Y3 in Canada, Y9 in Germany and Y4-Y8 in Southeast Asia." In fact, department store operator Takashimaya Co. (8233 or J.TKA), which last November switched to new market entrants for part of its electricity supply, was able to cut costs by Y450 million in the first year, said a company official. Enron hopes to generate competition by urging Japanese electric utilities to spin off different operations, analysts say. If the number of power generation facility operators increases, this will help bolster Japan's electricity trading market, an area in which Enron has a strong business interest. Splitting electricity operations into generation, transmission and distribution is expected to open the electric utility network to new entrants. This will boost transparency in the fees that electric power companies charge for transmitting power on behalf of the operators of power generation facilities, Enron says. Citing the power shortage in California, however, Japan's electricity sector has strongly opposed such spin-offs, stating that generation and distribution must be part of a single continuum to ensure a stable supply. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron Agrees to Provide Market Data to NGX 05/15/2001 PR Newswire (Copyright (c) 2001, PR Newswire) CALGARY, May 15 /PRNewswire/ - NGX Canada Inc. (NGX), a wholly owned subsidiary of OM AB (OM), today announced that an arrangement has been made with Enron Canada Corp., a wholly owned subsidiary of Enron Corp. (Enron), whereby trading data from certain contracts listed on Enron's online trading system, EnronOnline will be included in the computation of three Alberta Gas Price Indices. NGX acquired the AECO "C" & NIT Daily Spot, One-Month Spot, and Bid-Week Spot gas price indices (Alberta Gas Price Indices) from Canadian Enerdata Ltd. last September. Subsequent to the acquisition of the Alberta Gas Price Indices, NGX has provided real-time information to its customers on the establishment of the weighted average price indices based on transactions conducted through NGX's trading system. Canadian Enerdata Limited continues to publish the Alberta Gas Price Indices in the Canadian Gas Price Reporter. Peter Krenkel, President of NGX, stated, "We believe that inclusion of data from EnronOnline will serve to make our price indices among the best in North America. The industry has been very supportive of the visibility and integrity we are able to bring to the Alberta Gas Price Indices, which removes the guesswork around gas price index methodology. However, after reviewing the matter with Enron and other industry participants, we recognized that Enron had legitimate concerns and the industry felt that "more is better". The inclusion of data from the highly liquid EnronOnline system should improve the quality of our price indices even further." Rob Milnthorp, President and CEO of Enron Canada commented, "We are very pleased to have EnronOnline transactions included in the Alberta Gas Price Indices. This will provide industry participants with a more comprehensive source of data and a better opportunity to manage risk around these price indices as they are now assured that all their transactions on EnronOnline will be included in the computation of the Alberta Price Indices." The inclusion of EnronOnline data satisfies the principal claims made by Enron in their legal action against NGX, Canadian Enerdata Ltd., OM and Richard Zarzeczny and Enron has agreed to discontinue the legal action against those parties with the conclusion of this arrangement. NGX and Enron are planning to implement the necessary system changes by August 1, 2001 but in any event will provide at least thirty days notice to the industry. Once in operation, data from transactions in the relevant contracts listed on EnronOnline will be fed to NGX in real-time. The methodology for computing the Alberta Gas Price Indices will continue to be on a weighted-average basis. NGX will engage independent auditors to insure full compliance with the Index Methodology Guide. This guide is available on NGX's website at www.ngx.com. NGX located in Calgary, Canada provides electronic trading and clearing services to natural gas buyers and sellers at seven markets in Canada. Over the past six years, NGX has grown to serve over 120 customers with trading activity averaging 225,000 TJ's per month. NGX is owned 100% by OM (www.om.com). OM is a leader in providing products and services in the field of transaction technology. The company, with assets exceeding CDN $700 million, operates exchanges in Calgary, London and Stockholm and develops technology that increases the efficiency of financial and energy markets throughout the world. OM is listed on Stockholmsborsen (ticker symbol "OM"). Enron Corp. is one of the world's leading electricity, natural gas and communications companies. The company, with revenues of U.S. $101 billion in 2000, markets electricity and natural gas, delivers physical commodities and financial risk management services to customers around the world, and has developed an intelligent network platform to facilitate online business. Fortune magazine has named Enron "America's Most Innovative Company" for six consecutive years. Enron's Internet address is www.enron.com. The stock is traded under the ticker symbol "ENE". Canadian Enerdata Ltd. (www.enerdata.com) located in Markham Ontario has been providing information services to the North American energy industry for over 17 years. Enerdata publishes the Canadian Gas Price Reporter, PriceLine Daily, Natural Gas Market Report and Canadian Energy Trends. Enerdata also sponsors GasFair & Power, Canada's largest natural gas and electricity market conference and trade show, now in its 11th year. SOURCE NGX Canada Inc. /CONTACT: Enron Corp. - Mr. Eric Thode, Director of Public Relations, 713-853-9053; NGX Canada Inc.- Mr. Peter Krenkel, President, 403-974-1705; OM - Ms. Anna Eriksson - Vice President Corporate Communications, +46 (8) 405 66 12; Canadian Enerdata Ltd. - Mr. Richard Zarzeczny, President, 905-479-9697/ 11:17 EDT Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. UAE To Seek New Partners If Enron Exits Dolphin Gas Proj 05/15/2001 Dow Jones International News (Copyright (c) 2001, Dow Jones & Company, Inc.) DUBAI -(Dow Jones)- If U.S.-based Enron Corp. (ENE) pulls out of the $3.5 billion Dolphin gas project, in which the company holds a 24.5% stake, the U.A.E. Offsets Group, or UOG, will consider other companies to replace it, a United Arab Emirates industry source close to the project said Tuesday. Industry sources Monday said Enron is considering withdrawing from the project because it doesn't believe it will be profitable. Dolphin, an agreement signed two years ago by UOG and Qatar Petroleum, plans to bring 2 billion cubic feet a day of natural gas from Qatar's offshore North Field to Abu Dhabi and onward to Dubai. Enron and TotalFinaElf (TOT) each hold a 24.5% stake in the project, while UOG owns the remaining 51%. Enron is set to focus on the midstream part of the project - gas transportation - which requires building a 350-kilometer pipeline from a processing plant in Ras Laffan, Qatar, to the Taweelah terminal in Abu Dhabi and the Jebel Ali terminal in Dubai. The U.A.E. source said originally, it was thought that the U.A.E. government would fund the pipeline, which is estimated to cost around $1 billion. However, more recently, the source said the U.A.E. suggested that Enron put up the money itself. Other industry sources said Enron and TotalFinaElf also had to pay significant fees to join the project. TotalFinaElf will operate the upstream part of the project, which includes developing natural gas reserves in two blocks of the North Field. First wells are scheduled to be drilled in the second half of 2001 and come onstream in 2005. Last week, the Middle East Economic Survey reported that the foreign partners haven't yet agreed on the precise details of their working relationship or on the price of the pipeline. Qatar Petroleum and Dolphin Energy Ltd., a subsidiary of UOG, signed an initial agreement in March for the upstream section of the project. A full agreement is expected to be concluded in September, the source said. -By Dyala Sabbagh, Dow Jones Newswires; 9714 331 4260; [email protected] Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron Should Sell Utility to Oregon, Lawmaker Argues (Update2) 2001-05-15 16:35 (New York) Enron Should Sell Utility to Oregon, Lawmaker Argues (Update2) (Updates with closing share prices.) Washington, May 15 (Bloomberg) -- Enron Corp. should sell Portland General Electric Co. to Oregon so state consumers can be insulated from soaring electricity prices, a congressman said. ``Purchasing PGE would give Oregon ratepayers more control by keeping its assets in Oregon, accountable solely to Oregonians,'' U.S. Representative Peter DeFazio, a Democrat from Springfield, Oregon, said in a letter to Governor John Kitzhaber. The governor is considering DeFazio's proposal, said Kitzhaber spokesman Kevin Smith. Last month, Houston-based Enron, the biggest energy trader, agreed to cancel the $3.1 billion sale of Portland General, a utility with more than 700,000 Oregon customers, to Sierra Pacific Resources of Reno, Nevada. Enron and Sierra Pacific blamed laws spawned by high power prices and electricity shortages in the West for the sale's collapse. ``We are pleased to keep Portland General in our asset portfolio because it's a solid earnings performer,'' Enron spokeswoman Karen Denne said. ``If approached by a buyer who recognizes its value, we'd consider selling it.'' She declined to comment on a potential bid by Oregon. The state should act swiftly, DeFazio said, citing press reports that the U.K.'s Scottish Power Plc, owner of PacifiCorp, the largest utility in the U.S Northwest, may bid for Portland General. Scottish Power, based in Glasgow, Scotland, would have more than 70 percent of Oregon electricity customers if it added Portland General, raising ``serious regulatory concerns about market power,'' he said. Bond Issue Oregon could issue bonds to purchase Portland General, using the utility's profits to pay the debt, DeFazio said. The state might run it as a public utility or a cooperative, he said. Enron and Sierra Pacific called off the Portland General sale because of laws passed by Nevada and California legislators that slow the deregulation of their wholesale power markets. California and Nevada have blocked sales of power plants by utilities. Sierra Pacific had to sell a stake in a Nevada power plant that sells power to California to win regulatory approval of the Portland General purchase. Average power prices on the California-Oregon border this year have soared ninefold to $296.34 a megawatt hour over the year- earlier period. A megawatt hour can light 750 average California homes for an hour. Shares of Enron fell $1.76 to $$56.99. They've fallen 31 percent this year. Sierra Pacific rose 9 cents to $16.09. Scottish Power rose 9 pence to 492 ($7) in London. Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1) 2001-05-15 16:26 (New York) Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1) (Adds closing share price.) Houston, May 15 (Bloomberg) -- Enron Corp., the world's biggest energy trader, agreed to provide natural-gas pricing information to NGX Canada Inc. and drop a C$100 million ($64.7 million) suit against the Canadian gas exchange. Enron sued NGX in November after the Internet exchange, a unit of the company that owns the Stockholm Stock Exchange, changed providers of its gas-pricing data and didn't include trades on EnronOnline, Enron's Internet exchange, when calculating gas-price indexes. Calgary-based NGX agreed to include EnronOnline trades in calculating its Alberta Gas Price Indices by August, Enron spokesman Eric Thode said. NGX, owned by Stockholm's OM Gruppen AB, is used by about 90 percent of Canadian gas traders, and many traders use EnronOnline to sell gas from western Canada, the biggest supplier of the cleaner-burning fuel to the U.S. Houston-based Enron fell $1.76 to $56.99.	[email protected]
arnold-j/discussion_threads/541.	subject: BNP PARIBAS Commodity Futures NG MarketWatch For 5/15/01 content: (See attached file: g051501.pdf) ______________________________________________________________________________ _______________________________________________________ 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. ______________________________________________________________________________ _______________________________________________________ - g051501.pdf	[email protected]	[email protected]
arnold-j/discussion_threads/55.	subject: wv love story content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 07:31 AM --------------------------- Matthew Arnold 08/02/2000 06:46 PM To: John Arnold/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT cc: Subject: wv love story ---------------------- Forwarded by Matthew Arnold/HOU/ECT on 08/02/2000 06:44 PM --------------------------- Jonathon Pielop 07/31/2000 07:55 AM To: Mo Bawa/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT cc: Subject:	[email protected]	[email protected]
arnold-j/discussion_threads/56.	subject: wv love story content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 07:34 AM --------------------------- Matthew Arnold 08/02/2000 06:46 PM To: John Arnold/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT cc: Subject: wv love story ---------------------- Forwarded by Matthew Arnold/HOU/ECT on 08/02/2000 06:44 PM --------------------------- Jonathon Pielop 07/31/2000 07:55 AM To: Mo Bawa/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT cc: Subject:	[email protected]	[email protected]
arnold-j/discussion_threads/57.	subject: content: Hey: Do you have JP's email address? John	[email protected]	[email protected]
arnold-j/discussion_threads/58.	subject: content: z/f 10/12	[email protected]	[email protected]
arnold-j/discussion_threads/59.	subject: content: Hello: There is one feature that has not been transferred to the new stack manager. When I sort by both counterparty and product at the bottom of the screen, the position summary does not sort by both product and counterparty, just by product. It would be very useful if you can replace this. Thanks, John	[email protected]	[email protected], [email protected]
arnold-j/discussion_threads/6.	subject: content: My brother was coming back from London to go so I went out and paid a fortune from a scalper for two.... I really do appreciate it though..	[email protected]	[email protected]
arnold-j/discussion_threads/60.	subject: content: The following is a summary of the trades EES did today: # buys # sells Sep 5 / day 5 / day Oct 4 / day Nov-Mar 3 / day 2 / day Apr-Oct 1.5 / day 2.5 / day Total contracts traded = 2045 Thought you should know... John	[email protected]	[email protected]
arnold-j/discussion_threads/61.	subject: Re: SCHEDULE - Stephen Bennett content: I am leaving early on Friday. If they want I'll try to talk to the kid for 15 minutes around lunch. John ---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 03:55 PM --------------------------- Kevin G Moore 08/01/2000 01:22 PM To: Toni Graham/Corp/Enron@ENRONVince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Shirley Crenshaw/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ectBETTY CONEWAY cc: Subject: Re: SCHEDULE - Stephen Bennett Hello, I have several changes. Vince Kaminski 9:00-10:00 Conf.EB19C1 Toni Graham 10:00-11:00 Conf.EB32C2 Mike Roberts and Jose Marquez - Lunch Mark Tawney 1:00-1:30 Conf.EB32C2 Grant Masson 1:45-2:10 Conf.EB19C1 Stinson Gibner 2:15-2:30 Conf.EB19C1 Maureen Raymond 2:30-2:45 Conf.EB19C1 Hunter Shively 3:00-3:15 EB3241 Jeff Shankman 3:15-3:30 EB3241 John Arnold 3:30-3:45 EB3241 Please call me at x34710 with any questions or new information. Thanks Kevin Moore	[email protected]	[email protected]
arnold-j/discussion_threads/62.	subject: content: JP: Hope things are going well. I'm trying to get the email address of your new partner, Tracy. If you have, can you forward? Thx, John	[email protected]	[email protected]
arnold-j/discussion_threads/63.	subject: content: Hey: Do you have any extras for tonight's game? John PS. How's you bowl	[email protected]	[email protected]
arnold-j/discussion_threads/64.	subject: Reuters Story on E-Exchange content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/08/2000 05:54 PM --------------------------- "Zerilli, Frank" <[email protected]> on 08/08/2000 08:17:19 AM To: "David D'alessandro (E-mail)" <[email protected]>, "'[email protected]'" <[email protected]> cc: "Glynn,Kevin" <[email protected]>, "Wolkwitz, Rick" <[email protected]>, "Kelly, Joseph" <[email protected]> Subject: Reuters Story on E-Exchange By Fiona O'Brien LONDON, Aug 8 (Reuters) - The head of the largest yet Internet exchange for energy products said it will combine traditional anonymity with transparency to give traders a better overview of market activity. The InterContinentalExchange (ICE), an Atlanta-based venture initiated by seven major oil companies and banks is due to launch August 24 for trade in precious metals swaps, with energy products trade to go live soon afterwards. While market transparency will increase as dealers used to over-the-counter (OTC) telephone-based market trade on a screen, users of the ICE will remain nameless up until the point of trade, Jeffrey Sprecher, ICE's chief executive officer told Reuters in an interview. "As soon as you hit the deal, the system reveals both counterparties," he said. "The real strength is that you (still) get the ability to manage your own counterparties. "You can list all of the people you want to do business with and put in the credit terms under which you will do business." This information will then be processed by what Sprecher called a "giant matrix" within the system. "(At the moment) people in the over-the-counter market aren't sure they have ever seen the entire market," he said. "(On the ICE), deals you can do will appear in white and deals you can't do will be in grey, but you can see the entire market." Giving players a fuller complement of figures than they are currently aware of in a telephone-dominated market should increase market transparency, as they can keep abreast of the activities of dealers who fall outside their own trading criteria, Sprecher said. The exchange is expected to function in real time around the clock and will be accessible via the public internet or a private network connection. Initial liquidity will be provided by founder members BP Amoco <BPA.L>, Deutsche Bank <DBKGn.DE>, Goldman Sachs <GS.N>, Morgan Stanley Dean Witter <MWD.N>, Royal Dutch/Shell <RD.AS><SHEL.L>, Societe Generale <SOGN.PA> and TotalfinaElf <TOTF.PA>. Shell runs the industry's largest international oil trading operation and Goldman Sachs' J.Aron commodities arm last year was dominant internationally in unregulated OTC oil derivatives. Late in July the original cast was joined by six gas and power companies, American Electric Power <AEP.N,> Utilicorp's Aaquila Energy <UCU.N,> Duke Energy <DUK.N,> El Paso Energy <EPG.N>, Reliant Energy <REI.N> and Southern Company Energy Marketing <SO.N>. Sprecher said continued liquidity would be ensured by the fact that the founding members will pay fees even if they do not trade and will face additional penalties if they fail to live up to their commitment to trade a minimum volume. TRADERS STILL TO DO OWN CLEARING As well as increasing awareness of market moves, Sprecher believes trading over the Internet could boost trading profits. "The economics (of the system) will be driven by the fact that a paperless back office can really save a lot of money," he said. However such savings on trading the ICE appear some way off given that dealers will initially have to continue using their own clearing systems, as they do in current OTC systems. Under the ICE, once a deal has been struck both counterparties will receive an electronic deal ticket which will then go through those players' own risk management systems. But the exchange is eager to look at ways of introducing its own clearing system. "No one really knows how at the moment," Sprecher said. "There might be some hybrid between traditional exchange clearing and what now exists peer to peer." In terms of participation costs, no membership fees will be incurred except those associated with trading. Membership is open to any commercial market participant. Each product will have its own published commission schedule, which Sprecher assessed at "slightly below the best prices someone would pay in the voice broker business". ((London newsroom +44 20 7542 7930) For related news, double click on one of the following codes: [O] [E] [ACD] [U] [ELE] [ELN] [UKI] [EMK] [MD] [CRU] [PROD] [ELG] [NGS] [WWW] [US] [GB] [FR] [DE] [BNK] [DRV] [EUROPE] [WEU] [MEAST] [LEN] [RTRS] [BPA.L\c] [DBKGn.DE\c] [GS.N\c] [MWD.N\c] [SHEL.L\c] [SOGN.PA\c] For related price quotes, double click on one of the following codes: <BPA.L> <DBKGn.DE> <GS.N> <MWD.N> <SHEL.L> <SOGN.PA> Tuesday, 8 August 2000 13:24:31 RTRS [nL08439249]	[email protected]	[email protected]
arnold-j/discussion_threads/65.	subject: suicide at press conference content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/09/2000 05:47 PM --------------------------- "Zerilli, Frank" <[email protected]> on 08/09/2000 08:49:34 AM To: "'[email protected]'" <[email protected]> cc: Subject: suicide at press conference suicide - suicide.avi	[email protected]	[email protected]
arnold-j/discussion_threads/66.	subject: content: Dave: Can you modify the code that disallows at choice market. Sometimes the system will allow me to make a choice market by lowering my offer, sometimes it won't. The system will never allow me to raise a bid to make a choice market. I use this feature when The sytem should continue to disallow inverted markets, a market where the bid is greater than the offer.	[email protected]	[email protected]
arnold-j/discussion_threads/67.	subject: content: Congrats on your new job..	[email protected]	[email protected]
arnold-j/discussion_threads/68.	subject: content: Andy: Just checking on the options. Any idea on rollout date? John	[email protected]	[email protected]
arnold-j/discussion_threads/69.	subject: content: z/f trading 4	[email protected]	[email protected]
arnold-j/discussion_threads/7.	subject: New curve generation methodology content: I am changing the way the curve is generated starting in Jan 2004 to better replicate seasonal fundamentals. There are convincing arguments as to why the summer/winter spreads should tighten over time. However, in the previous methodology they blew out. For instance summer/winter in Cal 3 was .232 while Cal 10 was .256. I have added a seasonality dampening function that both contracts the summer/winter spread and applies a premium to the electric load demand months of July and August over time. The formula for the curve remains the same except for a premium lookup for the month as well as for the year. These premiums are as follows: Jan -.008 Feb -.004 Mar -.001 Apr .002 May .003 Jun .004 Jul .004 Aug .004 Sep .003 Oct .002 Nov -.003 Dec -.006 These premiums start in Jan 2004 On Wednesday Jan 2003 settled 2.959, the 3/4 spread was marked at .0375, the 4/5 spread was marked at .0475. In the old methodology Jan 2003 = 2.959 Jan 2004 = 2.959 + .0375 = 2.9965 Jan 2005 = 2.9965 + .0475 = 3.044 In the new methodology Jan 2003 = 2.959 Jan 2004 = 2.959 + .0375 - .008 =2.9885 Jan 2005 = 2.9885 + .0475 -.008 = 3.028 The only change in the formula is from: Month x = Month (x- 1 year) + lookup on year on year table to Month x = Month (x- 1 year) + lookup on year on year table + lookup on month premium table The seasonality premiums will change over time and I will let you know when I change them	[email protected]	[email protected], [email protected], [email protected]
arnold-j/discussion_threads/70.	subject: content: Web server noticeably slow today. I'm getting a lot of bad failed trades (2-3 seconds behind when I change a price). Not necessarily slower than yesterday, but definitely slower than a month ago.	[email protected]	[email protected], [email protected]
arnold-j/discussion_threads/71.	subject: FW: Bumping into the husband.... content: ---------------------- Forwarded by John Arnold/HOU/ECT on 08/17/2000 02:20 PM --------------------------- 08/17/2000 02:12 PM Brenda Flores-Cuellar@ENRON Brenda Flores-Cuellar@ENRON Brenda Flores-Cuellar@ENRON 08/17/2000 02:12 PM 08/17/2000 02:12 PM To: Jeffrey A Shankman/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT cc: Subject: FW: Bumping into the husband.... This is too funny. -Bren - hyundai.mpeg	[email protected]	[email protected]
arnold-j/discussion_threads/72.	subject: content: If J. Franco wins, you win $2425 If he loses, you lose $75	[email protected]	[email protected]
arnold-j/discussion_threads/73.	subject: content: I had a dream that you were laid off yesterday, the day before your deal. Just checking on Saturday with third eye blind...	[email protected]	[email protected]
arnold-j/discussion_threads/74.	subject: content: Hey, Can you add Whalley and/or Andy Zipper to Pedrone's interview schedule. He can come in earlier if necessary. If you need to talk to him, he is staying at the Omni and his cell number is 917-699-2222. John	[email protected]	[email protected]
arnold-j/discussion_threads/75.	subject: content: Had Carlos Franco just shot a 49 yesterday instead of a 70, you would have won.	[email protected]	[email protected]
arnold-j/discussion_threads/76.	subject: content: Due to VAR reasons, you and I both need to sell today. Vol and price are going up, implying Enron can carry fewer contracts today than Friday. Have your desk net sell 400 today. John	[email protected]	[email protected]
arnold-j/discussion_threads/77.	subject: Bi-weekly Meeting content: Ina: 1. Vacation is fine. 2. Please put meeting below on calendar. 3. I am going to analyst presentation at Vanderbilt. Find out when it is and put on calendar. 4. Can you find out who is on the ENA management committee meeting I went to along with their title and responsibilities. 5. Can you schedule a meeting for Tuesday or Wednesday late afternoon with Phillip, Hunter, and Fletch about EOL Thanks. ---------------------- Forwarded by John Arnold/HOU/ECT on 08/21/2000 12:26 PM --------------------------- Enron North America Corp. From: Airam Arteaga 08/18/2000 05:26 PM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT cc: Rita Hennessy/NA/Enron@Enron, Cherylene R Westbrook/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT Subject: Bi-weekly Meeting Please mark your calendars for the following Bi-Weekly Meeting, on Tuesdays, starting on August, 29th. Date: Tuesday, August 29 Time: 3:00 pm - 4:00 pm Location: EB32C2 Topic: Var, Reporting and Resources Meeting If you have any questions/conflicts, please feel free to call me. Thanks, Rain x.31560	[email protected]	[email protected]
arnold-j/discussion_threads/78.	subject: content: Dear fellows, Please remember to fill out your pledge card for United Way (even if you don't plan on contributing) if you haven't done so thus far. Thanks, John	[email protected]	[email protected], [email protected], [email protected],
arnold-j/discussion_threads/79.	subject: content: Sarah: Can you create a spreadsheet summarizing Enron's open futures interest broken down by commodity and broker, including maintenance and initial margin for all commodities (including rates, currencies, gas, crude, etc). Also, can you create a list of all margin financing agreements in place and the rates we pay. Thanks, John	[email protected]	[email protected]
arnold-j/discussion_threads/8.	subject: content: call me when you get this	[email protected]	[email protected]
arnold-j/discussion_threads/80.	subject: content: Hey: So I was thinking about your NY problem...I might have an answer. The site http://www.bestfares.com/internet_charts/hotel_internet.htm lists cheap hotel specials. The problem is they won't list them until the Wednesday before the weekend. Check it out though. They have some reasonable deals. John	[email protected]	[email protected]
arnold-j/discussion_threads/81.	subject: content: Dave: I was thinking about our conversation yesterday. If El Paso, absent this power deal, were to give us physical gas for 8 years discounted at their WACC in exchange for an upfront cash payment from ENE, is that transaction a mark-to-market gain for us? If not, what's the difference in paying them with an asset rather than cash. If it is a mark-to-market gain, isn't this a way to generate false P&L? John	[email protected]	[email protected]
arnold-j/discussion_threads/82.	subject: content: Ina: Did you find out the info on the ENA management committee> John	[email protected]	[email protected]
arnold-j/discussion_threads/83.	subject: content: Hey: Can you send me the file that you produced of those names so I can shrink it down a little? Thanks, John	[email protected]	[email protected]
arnold-j/discussion_threads/84.	subject: content: Just some feedback on our EOL discussion. Whalley had similar thoughts about how to address the ICE issue. His thoughts are that if we are 4/5 on EOL, we post 1/8 on ICE. If someone betters the bid to 1.5, a logic server automatically bumps up our bid to 1.75. If someone betters that to 2 bid, we immediately go 2.25 bid. So we are always the best market on ICE so long as it is not inside our EOL 2-way. Thus the only way our best market shows on ICE is if without us the market is 3.75/5.25, at which point our 4/5 market gets shown. If the 3.75 bid pulls out, so does our 4 bid. Our proposal was that if EOL was 4/5 we would always show ICE 3.75/5.25. Think about which system you like better. Whalley loved Fletch's idea of running tally of brokerage saved and that will be implemented shortly. I am going to call another EOL meeting for everyone on the gas floor managing a product this week. The purpose will be to communicate about the importance of winning the electronic commerce game through a combination of improving 2-ways and killing the broker markets.	[email protected]	[email protected], [email protected], [email protected]
arnold-j/discussion_threads/85.	subject: content: Dave: Just a reminder, can you send me a list of grandchildren to my products. Also, is it possible to systems-wise deny grandchildren to a specific product to ensure that the rule is enforced? John	[email protected]	[email protected]
arnold-j/discussion_threads/86.	subject: content: Ted: Lavorato wanted me to check on the $5,000,000 VAR extension. Is it possible to get this extended indefinitely until the west basis market settles down? We will have a good percentage of the west position rolling off over the next week as well as indices get published. Please advise ASAP. John	[email protected]	[email protected]
arnold-j/discussion_threads/87.	subject: content: Frank: How do Sep basis positions roll off? John	[email protected]	[email protected]
arnold-j/discussion_threads/88.	subject: URGENT NOTICE: Executive Impact & Influence 9/21-22 Program - FSD content: Can you handle this please? ---------------------- Forwarded by John Arnold/HOU/ECT on 08/30/2000 03:31 PM --------------------------- Enron North America Corp. From: Debbie Nowak @ ENRON 08/30/2000 02:12 PM To: Jeffery Ader/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Harry Arora/HOU/ECT@ECT, Hap Boyd/EWC/Enron@Enron, Shawn Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Dobler/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, John Lamb/EWC/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Jeff Messina/HOU/EES@EES, Bob Miele/EFS/EES@EES, Jean Mrha/NA/Enron@Enron, MACK SHIVELY/ENRON@Gateway, Jude Tatar/ENRON@Gateway, [email protected], Tim Underdown/Stockton/TS/ECT@ECT cc: Claudette Harvey/HOU/ECT@ect, Ina Rangel/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT, Sheila Petitt/EWC/Enron@ENRON, Shimira Jackson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Katherine Padilla/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie Boothe/Houston/Eott@Eott, Bernadette Hawkins/Corp/Enron@ENRON, Lysa Akin/PDX/ECT@ECT, Julie Delahay/EWC/Enron@ENRON, Kimberly Hillis/HOU/ECT@ect, Karen Myer/GPGFIN/Enron@ENRON, Judy Falcon/HOU/EES@EES, Doreen Bowen/EFS/EES@EES, Melissa Jones/NA/Enron@ENRON, Airam Arteaga/HOU/ECT@ECT, Jan Dobernecker/HOU/EES@EES, Elisabeth Edwards/LON/ECT@ECT, Richard Amabile/HR/Corp/Enron@ENRON, "Christi Smith" <[email protected]> Subject: URGENT NOTICE: Executive Impact & Influence 9/21-22 Program - FSD Request You will be receiving (if you haven't already) an e-mail from "Dennis" <[email protected]> requesting you to complete an attached form. His request states "Immediate Action Required". It has come to our attention that you may not be familiar with FSD which is the data service processing partner to Keilty Goldsmith. They are responsible for sending out the Team Selection Forms to all of our participants. I wanted to reconfirm that Dennis' e-mail attachment is your Team Selection Form which must be completed and forwarded back to FSD for processing by 12:00 noon, Thursday, August 31st. To Assitant of Participant. If your manager is out of town, please let me know and I will get a form to you so that you can hopefully fax it to his/her destination. I will work with you in any way possible to adhere to the timeline. Thanks! Should you have any questions, please do not hesitate in contacting me. Debbie Nowak Executive Development 713 853.3304	[email protected]	[email protected]
arnold-j/discussion_threads/89.	subject: content: Attached are settles tonight for seasons and years for next 10 years. Dutch is working on getting historical curves. He should have it by tomorrow morning. John	[email protected]	[email protected]
arnold-j/discussion_threads/9.	subject: re: New Computer content: Please approve. ---------------------- Forwarded by John Arnold/HOU/ECT on 04/05/2000 07:32 AM --------------------------- Larry May@ENRON 04/04/2000 10:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: re: New Computer John, could you forward this message with your approval to Enron IT Purchasing. Would you please order a new computer for : Larry May Company # 413 rc# 0235 Location 3221c As discussed with Hank Zhang, I would like to order a SP700 with 512 mbytes RAM Thnks Larry May 3 6731	[email protected]	Enron IT Purchasing@Enron
arnold-j/discussion_threads/90.	subject: content: I have a membership to the Body Shop downstairs. Can you cancel that please? J	[email protected]	[email protected]
arnold-j/discussion_threads/91.	subject: content: Cliff: I have 4 tix to the Black Crowes for you, third row center. Where's your office now? I'll come up and say hello this afternoon if you have a minute. John	[email protected]	[email protected]
arnold-j/discussion_threads/92.	subject: content: just checking up on the status of the margin project....	[email protected]	[email protected]
arnold-j/discussion_threads/93.	subject: concord Crash content: ---------------------- Forwarded by John Arnold/HOU/ECT on 09/06/2000 06:59 PM --------------------------- "Zerilli, Frank" <[email protected]> on 09/06/2000 06:46:47 AM To: "'[email protected]'" <[email protected]> cc: Subject: concord Crash concord - concord.jpg	[email protected]	[email protected]
arnold-j/discussion_threads/94.	subject: TIME SENSITIVE: Executive Impact & Influence Program Survey content: Please take care of ---------------------- Forwarded by John Arnold/HOU/ECT on 09/07/2000 05:13 PM --------------------------- [email protected] on 09/07/2000 11:51:29 AM To: [email protected] cc: Subject: TIME SENSITIVE: Executive Impact & Influence Program Survey Executive Impact & Influence Program * IMMEDIATE ACTION REQUIRED - Do Not Delete * As part of the Executive Impact and Influence Program, each participant is asked to gather input on the participant's own management styles and practices as experienced by their immediate manager, each direct report, and up to eight peers/colleagues. You have been requested to provide feedback for a participant attending the next program. Your input (i.e., a Self assessment, Manager assessment, Direct Report assessment, or Peer/Colleague assessment) will be combined with the input of others and used by the program participant to develop an action plan to improve his/her management styles and practices. It is important that you complete this assessment NO LATER THAN CLOSE OF BUSINESS Thursday, September 14. Since the feedback is such an important part of the program, the participant will be asked to cancel his/her attendance if not enough feedback is received. Therefore, your feedback is critical. To complete your assessment, please click on the following link or simply open your internet browser and go to: http://www.fsddatasvc.com/enron Your unique ID for each participant you have been asked to rate is: Unique ID - Participant EMP74A - Phillip Allen If you experience technical problems, please call Dennis Ward at FSD Data Services, 713-942-8436. If you have any questions about this process, you may contact Debbie Nowak at Enron, 713-853-3304, or Christi Smith at Keilty, Goldsmith & Company, 858-450-2554. Thank you for your participation.	[email protected]	[email protected]
arnold-j/discussion_threads/95.	subject: content: all you big boy... ---------------------- Forwarded by John Arnold/HOU/ECT on 09/07/2000 05:14 PM --------------------------- Invitation Chairperson: Julie Pechersky Start: 09/12/2000 04:30 PM End: 09/12/2000 05:30 PM Description: 3-DAY MEETING TO EVALUATE MARKET DATA FRONT END APPLICATION This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: John Arnold/HOU/ECT Hunter S Shively/HOU/ECT Phillip K Allen/HOU/ECT Thomas A Martin/HOU/ECT Scott Neal/HOU/ECT John Sieckman/Corp/Enron Detailed description: Please plan to attend a one hour demonstration of Globalview's product on Tuesday,September 12, Reuter's product on Wednesday, September 13, and Bridge's product on Thursday, September 14. Your participation in this project is essential in choosing the application that you and others on your floor will utilize in the future. Each day, your group's demo will take place from 4:30-5:30. I will send a reminder email with the location. If for some reason there is a day that you can not attend, please work to find someone else to come in your place. Please contact me with any questions at x-39225	[email protected]	[email protected]
arnold-j/discussion_threads/96.	subject: concord Crash content: ---------------------- Forwarded by John Arnold/HOU/ECT on 09/07/2000 05:15 PM --------------------------- "Zerilli, Frank" <[email protected]> on 09/06/2000 06:46:47 AM To: "'[email protected]'" <[email protected]> cc: Subject: concord Crash concord - concord.jpg	[email protected]	[email protected]
arnold-j/discussion_threads/97.	subject: content: Please take care of this ---------------------- Forwarded by John Arnold/HOU/ECT on 09/07/2000 05:25 PM --------------------------- Enron North America Corp. From: Steven Vu 08/29/2000 02:11 PM To: John Arnold/HOU/ECT@ECT cc: Stephanie Sever/HOU/ECT@ECT Subject: John: Hate to bother you about this again, since you have done it once already. Please approve me (via Stephanie Sever) to trade Nymex contracts through EOL on behalf of the Weather Derivatives book. Thanks Steven	[email protected]	[email protected]
arnold-j/discussion_threads/98.	subject: confirm content: ---------------------- Forwarded by John Arnold/HOU/ECT on 09/13/2000 02:56 PM --------------------------- David P Dupre 09/13/2000 02:41 PM To: John Arnold/HOU/ECT@ECT cc: Subject: confirm I've got you at 5pm in their calendar for Thursday Sep 14. Al Pennisi and Craig Young from MG NY David 3-3528 Steno 275	[email protected]	[email protected]
arnold-j/discussion_threads/99.	subject: Sales Practices and Anti-Manipulation Training content: can yuo set me up for the 4:00 mtg ---------------------- Forwarded by John Arnold/HOU/ECT on 09/13/2000 02:58 PM --------------------------- Mark Frevert@ENRON 09/08/2000 10:09 AM Sent by: Nicki Daw@ENRON To: Alonzo Williams/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Andrew H Lewis/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT, Ashton Soniat/Corp/Enron@ENRON, Bhavna Pandya/HOU/ECT@ECT, Bill Berkeland/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT, Bruce Hebert/GCO/Enron@ENRON, Caroline Abramo/Corp/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Charlie Jewell/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Chris Germany/HOU/ECT@ECT, Chris Lenartowicz/Corp/Enron@ENRON, Clint Dean/Corp/Enron@Enron, Colleen Sullivan/HOU/ECT@ECT, Corry Bentley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Darren Delage/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, David Ryan/Corp/Enron@ENRON, David Zaccour/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT, Diana Allen/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Don Baughman/HOU/ECT@ECT, Douglas Miller/ECF/Enron@ENRON, ITH/ENRON@Gateway, Ed Smith/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Elsa Piekielniak/Corp/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Erik Serio/Corp/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, George Hopley/HOU/ECT@ect, George McClellan/HOU/ECT@ECT, George N Gilbert/HOU/ECT@ECT, George Wood/Corp/Enron@Enron, Gerald Gilbert/HOU/ECT@ECT, Greg Trefz/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, Gretchen Lotz/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James E Terrell/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Janel Guerrero/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Jason Crawford/Corp/Enron@Enron, Jay Reitmeyer/HOU/ECT@ECT, Jay Wills/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Jeff Kinneman/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Joe Errigo/Corp/Enron@Enron, Corp/Enron@Enron, Joe Parks/Corp/Enron@ENRON, Joe Stepenovitch/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, John Berger/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, John Grass/Corp/Enron@ENRON, John Greene/HOU/ECT@ECT, John Kinser/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, John M Singer/Corp/Enron@ENRON, John Zufferli/HOU/ECT@ECT, John Zurita/HOU/EES@EES, Juan Hernandez/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Keith Comeaux/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Keller Mayeaux/Corp/Enron@Enron, Kelli Stevens/HOU/ECT@ECT, Kevin Cline/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Kyle Schultz/HOU/ECT@ECT, Larry Jester/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Larry Valderrama/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Lawrence Clayton/Corp/Enron@Enron, Lisa Burnett/Corp/Enron@Enron, Lisa Lees/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Madhup Kumar/Corp/Enron@ENRON, l/HOU/ECT@ECT, Marc Bir/Corp/Enron@ENRON, Maria Valdes/Corp/Enron@Enron, Mark Anthony Rodriguez/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Mark Smith/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON, Martin Cuilla/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT, Michael W Bradley/HOU/ECT@ECT, Michelle D Cisneros/HOU/ECT@ECT, Mike Carson/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Mike Fowler/Corp/Enron@ENRON, Mike Grigsby/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Nelson Ferries/Corp/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Peter F Keavey/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Robert Benson/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Ronald Acevedo/LON/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Scot, t Hendrickson/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Steven Kleege/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Susan Wood/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Tammi DePaolis/Corp/Enron@ENRON, Terri Clynes/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Todd DeCook/Corp/Enron@Enron, Tom Donohoe/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Tom Mcquade/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Troy Black/Corp/Enron@ENRON, Wayne Herndon/Corp/Enron@ENRON, William Patrick Lewis/HOU/ECT@ECT, William Stuart/HOU/ECT@ECT cc: Janette Elbertson/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT Subject: Sales Practices and Anti-Manipulation Training Sales Practices and Anti-Manipulation Training has been scheduled for Thursday, September 14, 2000 and Friday, September 15, 2000. Attendance at this training is mandatory. The sessions will run about 2 hours. Since each session can only accommodate 50 people, please call Taffy Milligan at (713) 345-7373 to reserve a seat. Session 1 Thursday, Sept. 14 2:00 p.m. Session 2 Thursday, Sept. 14 4:00 p.m. Session 3 Friday, Sept. 15 9:00 a.m. Session 4 Friday, Sept. 15 2:00 p.m. Location details will be forwarded upon registration. If you have any questions, please contact Mark Taylor at (713) 853-7459. Mark Frevert / Mark Haedicke	[email protected]	[email protected]
arnold-j/ebs/1.	subject: Ken Lay and Jeff Skilling on CNNfn content: Ken Lay and Jeff Skilling were interviewed on CNNfn to discuss the succession of Jeff to CEO of Enron. We have put the interview on IPTV for your viewing pleasure. Simply point your web browser to http://iptv.enron.com, click the link for special events, and then choose "Enron's Succession Plan." The interview will be available every 15 minutes through Friday, Dec. 15.	[email protected]	[email protected]
arnold-j/ebs/2.	subject: Target Accounts checkup content: Kim, I would like to either meet with you, or trade e-mails on your current and possible future target accounts list where GSS may be able to add value to your efforts. Since we're ending 2000 and going into a new sales year, I want to make sure I'm not holding resource open on any accounts which may not, or should not be on the list of focus accounts which you and your team have requested our involvement with. I also want to make sure I'm bringing resource to bear on the accounts which you DO want to engage. For example, at one point Siemens was one of them, and with recent developments, may now be off your list...the last communication I received from the NYC office re: Siemens was via telephone call on November 3rd, where they informed me that the primary opportunity looked like it would be with one of their medical groups based in Chicago. After several unsuccessful follow-up attempts, I placed the Siemens account in the dormant category. Yesterday, Jennifer forwarded me information requesting engagement with your team on CA (Computer Associates) and U.S. Internetworking, and today American Express has surfaced. Consequently, I think it's probably a good idea for me to make sure I'm focused on the right accounts for you. I realize you may be in PRC today and/or tomorrow, so perhaps Friday would work? If not, I would have Monday the 18th available late afternoon, or any time on December 27th, 28th, or 29th. When would be good for you? Please let me know! Thank you, Jeff	[email protected]	[email protected]
arnold-j/ebs/3.	subject: EBS Information content: Team, Attached is the newest EBS orgchart, updated 2 days ago. They have made some interesting changes. Also, you can click on the URL below to go to the EBS intranet site, where you will find all sorts of information related to EBS, its market and competition, etc. As a "high-tech" company, they actually do keep this updated very frequently, unlike some of the other Enron internal web sites. (you will find Norm Levine's market/comp info here, as well) http://websource.enron.net/ Jeff	[email protected]	[email protected], [email protected],
arnold-j/ees/1.	subject: Update of EES List content: FYI:	[email protected]	[email protected]
arnold-j/enron_europe/1.	subject: Request for Enron Spend Data content: Rob, Per Jennifer Stewart Medcalf's request, attached are files containing Enron spends between $5MM-500K, for 1999 and Q1Q2 2000. Colleen Koenig Analyst Global Strategic Sourcing 713.345.5326	[email protected]	[email protected]
arnold-j/etol/1.	subject: American Express content: ---------------------- Forwarded by Jennifer N Stewart/NA/Enron on 12/08/2000 10:16 AM --------------------------- Lesley M Lambert 12/08/2000 09:51 AM To: Tracy Ramsey/EPSC/HOU/ECT@ECT cc: Barry Proud/ETOL/EU/Enron@ENRON, Jennifer N Stewart/NA/Enron@Enron, Peter Goebel/NA/Enron@Enron Subject: American Express Hi Tracy, On Wednesday of this week we had a visit from Jennifer and Peter, and we highlighted a number of problem areas that we are experiencing with Amex Travel Management. They suggested we inform you of the problems, in the hope that you would be able to take it to a higher level on our behalf. Up until a year ago American Express were based on the Wilton Site. They migrated to Newcastle (about 50 miles away) and migrated again some six months later to Edinburgh ( about 120 miles away). Each time they have moved the level of service we have received has deteriorated. Some six weeks ago we had a meeting with Lisa McKenzie (Area Manager) from the Edinburgh office, at which we detailed our concerns to her. She said that she valued our business and promised to take these concerns away and to rectify all problems. In reality nothing improved, to the extent that we had another meeting with George Blues (Account manager) last week, and informed him that we had not seen any changes for the better. We also told him that if things did not improve within the next six weeks, we would consider taking our business elsewhere. We have actually made contact with a local company and are using them in conjunction with Amex for the next six weeks. Typical problems are:- Communications - trying to contact people in Edinburgh is difficult. Response when we do contact them is not forthcoming. Not being able to speak to the same person twice. Promises of return calls do not materialise. Invoices - difficulty in resolving disputes. Car Hire - not negotiating the best deal with regards to rates. We negotiated better rates with Avis ourselves. Hotel Bookings - not using Enrons preferential rates on hotels with reserved rooms. Rail Travel - lack of detail on tickets. We feel that they are paying lip service to what we are saying and making general excuses in the non performance of their obligations. We hope you can assist us in getting a better level of service than that which we are currently receiving. Regards Lesley Respect====>Integrity====>Communication====>Excellence The information contained in this e-mail and any files transmitted with it is confidential and intended for the addressee only. If you have received this e-mail in error, please notify the originator or telephone 01642 459955. This e-mail and any attachments have been scanned for viruses prior to leaving Enron Teesside Operations Limited (ETOL). ETOL will not be liable for any losses as a result of any viruses being passed on. Enron Teesside Operations Limited. Registered in England Reg. No. 3647087. Registered Office: ETOL HQ, PO Box 1985, Wilton International, Middlesbrough, TS90 8WS	[email protected]	[email protected]
arnold-j/etol/2.	subject: Enron's P-Card Program content: Lisa, Barry Proud at ETOL in England is interested in setting-up a P-Card program at his facility. Please contact Barry directly to initiate the program. Regards, Mike	[email protected]	[email protected]
arnold-j/etol/3.	subject: Re: Nitrogen content: John: Thank you for your information. We will have discussions with Praxair and Air Liquide later today and early next week for your Oxygen and Nitrogen requirements. Regards, Craig Brown 713-345-5701 John Bone 12/06/2000 10:11 AM To: Craig H Brown/NA/Enron@Enron cc: Subject: Nitrogen Details of Nitrogen Pressures and volumes. For a new scheme we would want 100 psi, to suit the nitrogen ring main. Current supply pressures from BOC are not relevant. Volume is 28-29,000 rm3/hr at Wilton and total of approx 45,900rm3/hr when the other sites are included. This issue of supply to the other sites could be a problem as BOC are physically entrenched in the piped supply arrangements. Respect====>Integrity====>Communication====>Excellence The information contained in this e-mail and any files transmitted with it is confidential and intended for the addressee only. If you have received this e-mail in error, please notify the originator or telephone 01642 459955. This e-mail and any attachments have been scanned for viruses prior to leaving Enron Teesside Operations Limited (ETOL). ETOL will not be liable for any losses as a result of any viruses being passed on. Enron Teesside Operations Limited. Registered in England Reg. No. 3647087. Registered Office: ETOL HQ, PO Box 1985, Wilton International, Middlesbrough, TS90 8WS	[email protected]	[email protected]
arnold-j/fedex/1.	subject: FedEx Strategic Sourcing & Supply Contacts content: Jennifer: I am planning a trip with Carmen to Memphis to meet these FedEx representatives and build the cross sell. SJ ---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 11/27/2000 05:44 PM --------------------------- Carmen Perez <[email protected]> on 11/27/2000 05:24:40 PM To: [email protected], [email protected] cc: [email protected], [email protected] Subject: FedEx Strategic Sourcing & Supply Contacts Good afternoon! I hope everyone had an excellent holiday. Now, it is time to prepare for the next. Oh, boy, I am glad that stairmaster is still working! As follow-up to our 11-11-00 conference call, Clint Beard provided an update to Ms. Hunter via telephone today. The update referenced the lawsuit avoidance between FedEx and a division of Enron. Per Ms. Hunter, she feels satisfied with what information FedEx provided. A follow-up conference call is scheduled for December 11, 2000 at 10 a.m. Complete agenda, attendees and phone number will be announced at a later date. In addition, FedEx Strategic Sourcing & Supply Contacts are listed below. Names, titles and phone numbers are attached. I will assist Ms. Hunter in facilitating initial meetings. Chris Bolen, Manager Supply Chain FedEx Strategic Sourcing & Supply Dept.: Fuel 2600 Nonconnah Ste 301 Memphis, TN 38132 901-922-5442 901-922-4595 fax (Jet fuel) Steve Mattman VP for Strategic Sourcing & Supply Dept.: Shared Services 2600 Nonconnah Ste 301 Memphis, TN 38132 901- 224-5078 (Enron energy services in CA and TX) Bryan Wright Managing Director for IT Supply Chain Management or Dane Bachelor FedEx Strategic Sourcing & Supply Dept.: IT 2600 Nonconnah Ste 301 Memphis, TN 38132 901- 263-6857 (Bryan Wright) 901-263-6846 (Dane Bachelor) (Enron Broadband Services) Finally, rates were proposed to Enron November 14, 2000. I am looking forward to discussing these further will the Enron board who will decide who will be Enron's primary carrier. I am excited about our growing partnership. Thank you!	[email protected]	[email protected]
arnold-j/fedex/2.	subject: [Fwd: Enron] content: Carmen: Thanks for forwarding this. Pleasure to have spoken with you yesterday. In future, please cc: me on these e-mails . Thanks. Sarah-Joy Hunter Enron Corporation Global Strategic Sourcing Business Development 713-345-6541 ---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 12/12/2000 06:54 AM --------------------------- From: John Will on 12/11/2000 06:59 PM To: Sarah-Joy Hunter/NA/Enron@Enron cc: Subject: [Fwd: Enron] fyi jw ----- Forwarded by John Will/NA/Enron on 12/11/00 06:55 PM ----- Carmen Perez <[email protected]> 12/11/00 02:55 PM To: [email protected] cc: Subject: [Fwd: Enron] John, please forward to Ms. Hunter. Sara-Joy: Looks like Buck sent us back to Jim Vines. If you remember, JimVines referred us to the contacts that have already called you. Please feel free to e-mail Mr. McGugan for further assistance. Return-Path: <[email protected]> Delivered-To: fgs.fedex.com%[email protected] Received: (cpmta 22209 invoked from network); 11 Dec 2000 11:55:39 -0800 Received: from inet02.mail.fedex.com (146.18.57.237) by smtp.c017.sfo.cp.net (209.228.12.208) with SMTP; 11 Dec 2000 11:55:39 -0800 X-Received: 11 Dec 2000 19:55:39 GMT Received: from entpm2.prod.fedex.com (lotsrv02.prod.fedex.com [199.81.9.77]) by inet02.mail.fedex.com (8.9.1a/8.9.1) with ESMTP id NAA20072; Mon, 11 Dec 2000 13:55:17 -0600 (CST) Received: from fedex.com ([199.81.112.156]) by entpm2.prod.fedex.com (Lotus Domino Release 5.0.2a (Intl)) with ESMTP id 2000121113551531:13854 ; Mon, 11 Dec 2000 13:55:15 -0600 Date: Mon, 11 Dec 2000 14:07:38 -0600 From: Buck McGugan <[email protected]> X-Mailer: Mozilla 4.7 [en] (Win98; U) X-Accept-Language: en,pdf MIME-Version: 1.0 To: JIM VINES <[email protected]>, Chris GANT <[email protected]> CC: Carmen Perez <[email protected]>, BUCK MCGUGAN <[email protected]> Subject: Re: Enron References: <[email protected]> X-MIMETrack: Itemize by SMTP Server on ENTPM2/FEDEX(Release 5.0.2a (Intl)\|23 November 1999) at 12/11/2000 01:55:16 PM, Serialize by Router on ENTPM2/FEDEX(Release 5.0.2a (Intl)\|23 November 1999) at 12/11/2000 01:55:20 PM, Serialize complete at 12/11/2000 01:55:20 PM Content-Type: multipart/mixed; boundary="------------009754F305D7E55BCFB1E94E" Jim, can you assist me with this customer. Based on the attached email, we have not put this customer in touch with the proper person in purchasing. This is a good account; I need your help to make sure we provide them the proper contact. Please have the proper person call Carmen and also let me know they followed up. Thx, Buck Carmen Perez wrote: > Need a favor. Can you give Sara-Joy Hunter a call at Enron? > > Reason: This is a potential 6 million dollar account I have been > working on for 5 months. Final negotiations are underway. Hope to > bring them on by Jan 15. She is responsible for selling Enron services > to suppliers. > > I had her speak to MD's in FedEx Strategic Sourcing but they were > unable to help her. She then, after two weeks of playing phone tag with > Memphis, found out they were not the contacts she was looking for. This > is one of the determining factors in getting the account---getting her > to the right people to make Enron a true partner. > > All I need from you is to call her at 713-345-6541. She will be > available all day except lunch hour and 4-5 pm. She does not believe I > put her in touch with the right contacts. She feels better calling a VP > of Sales and hearing from a VP of Sales that Memphis is the way to go > (services/products are purchased through the contacts and Memphis.) > Clint Beard already spoke to her, too. > > Please, please. > > Will not ask for anything else until I close this account :)))))!!!! > Promise. > > She has already spoken to the following FedEx Memphis contacts: > > Bryan Wright, MD IT Sourcing > Chris Bolen, Jet Fuel purchaser > Reynard Rudolph, energy services > > They want to sell---broadband services, jet fuel and electricity	[email protected]	[email protected]
arnold-j/fedex/3.	subject: Re:FEDEX update: Lawsuit content: ---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 12/13/2000 04:52 PM --------------------------- From: John Will on 12/13/2000 04:47 PM To: Sarah-Joy Hunter/NA/Enron@Enron cc: Subject: Re: Lawsuit Sarah-Joy, Mike Golden and John Pattillo should be conversing this afternoon. After this call Chris Gant, Mike Golden, Carmen, Gary Stoop (Strategic Sourcing Managing Director) and Richard Roberts are to attempt to get together and discuss. Carmen is working on getting names, titles, and phone numbers and advising. I'll advise next steps, after we hear how the conversation went with John and Mike. Thanks for your patience. jw ----- Forwarded by John Will/NA/Enron on 12/13/2000 02:58 PM ----- Carmen Perez <[email protected]> 12/13/2000 10:32 AM To: [email protected] cc: Subject: Re: Lawsuit Graham Smith, VP Properties and Facilites 901-434-8960 Trying to located the rest for you but they are not coming up. Give me until this afternoon. Edith Kelly Green is not coming up at all and Mike Golden shows to be no longer with the company. I am checking, though. [email protected] wrote: > Carmen, > The more I hear about the semantics that the legal council on both sides > are pursuing the more I am convinced that it is in the best interest of > both Fed-Ex and Enron to pursue this on a higher plane - on a commercial > level, and immediately. > > Will you be available for a telephone call on Wednesday about 2:15 PM? The > subject of the call is this: In order for us to pull off this deal, we'll > need decision makers at the policy level to engage- throwing this back to > legal is a downward spiral. I'm not saying we don't need legal involved, > but the direction must come from those that see the commercial picture. > > Please provide the telephone numbers for the following people: > Edith Kelly Green > Graham Smith > Mike Golden > > Sincerely, > jw	[email protected]	[email protected]
arnold-j/fedex/4.	subject: December 13 Update - Enron content: Thanks, John. If I'm in when the conference call (subsequent to the internal Fedex meeting) is held, I'd like to join you. Either way, look forward to staying in the loop. Appreciate it. Sarah-Joy ---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 12/14/2000 07:13 AM --------------------------- From: John Will on 12/14/2000 07:11 AM To: Sarah-Joy Hunter/NA/Enron@Enron cc: Subject: December 13 Update - Enron fyi jw ----- Forwarded by John Will/NA/Enron on 12/14/2000 07:10 AM ----- Carmen Perez <[email protected]> 12/13/2000 07:44 PM To: [email protected] cc: [email protected] Subject: December 13 Update - Enron As of today, Richard Roberts, FedEx Senior Attorney, notified me of the following: Billy Mike Golden, Managing Director of Field Facility Management, received a call from John Patillo. Mr. Golden was in the process of returning his call at approximately 2:15 p.m. Depending on what the two discussed will determine if FedEx needs to hold a conference call to discuss this further. If a conference call is needed, it will occur as soon as possible. The attendees will be FedEx employees. They are as follows: Carmen Perez, Corporate Account Executive Billy M. Golden Gary Stoops, Managing Director of Supply Chain Management Richard Roberts After FedEx holds the conference call, it will be determined if FedEx commercial and legal needs to meet with Enron commercial and legal. I understand if resolution does not take place prior to December 31, 2000 FedEx may not be Enron's carrier. Regards, Carmen Perez	[email protected]	[email protected]
arnold-j/fedex/5.	subject: Fedex content: John: Good Morning! Per our conversation yesterday, you had noted that John Pattillo would be getting back to you with his decision as to how he would approach FEDEX with an Enron counteroffer. Any news on this? Also, thanks for leaving voicemail/e-mail messages to keep me in the loop regarding: a) John Pattillo's decision 12/14; b) Carmen's feedback by close of business Monday 12/18 c) what you finally decide to do before leaving for the holidays 12/22 d) if you follow up on George Wasaff's offer to fly to Memphis next week if necessary and e) if you need to pull back on Enron's contracts with Fedex. Appreciate it. Sarah-Joy	[email protected]	[email protected]
arnold-j/fedex/6.	subject: Re: FW: Fedex content: Sarah-Joy, Here is an update per your request. Per our conversation yesterday, you had noted that John Pattillo would be getting back to you with his decision as to how he would approach FEDEX with an Enron counteroffer. Any news on this? I spoke to John briefly this morning. Fed-Ex (Memphis) has not been in contact with our legal all last week. John supports our move today to begin moving business to UPS. I have left a message to Carmen to call me ASAP. My message is to inform her of our movement of significant corporate office business beginning today. I have every expecation that Carmen will call me back this afternoon. Since the discussions aren't happening, I doubt that we will be flying to Memphis, but I'll advise of any changes as they occur. Also, thanks for leaving voicemail/e-mail messages to keep me in the loop regarding: a) John Pattillo's decision 12/14; b) Carmen's feedback by close of business Monday 12/18 c) what you finally decide to do before leaving for the holidays 12/22 d) if you follow up on George Wasaff's offer to fly to Memphis next week if necessary and e) if you need to pull back on Enron's contracts with Fedex. Sarah-joy Hunter/ENRON@enronXgate 12/18/2000 08:42 AM To: John Will/NA/Enron@ENRON cc: Jennifer Medcalf/NA/Enron@Enron Subject: FW: Fedex John: Since this message Friday at noon, have you heard anything back from John Pattillo? Please send e-mail updates this week to both me and Jennifer Medcalf on points a) through e) noted below. Thanks. Sarah-Joy -----Original Message----- From: Will, John Sent: Friday, December 15, 2000 12:44 PM To: Hunter, Sarah-joy Subject: Re: Fedex Sarah-Joy, No news from John Patillo yet. jw Sarah-joy Hunter/ENRON@enronXgate 12/15/00 10:17 AM To: John Will/NA/Enron@ENRON cc: Subject: Fedex John: Good Morning! Per our conversation yesterday, you had noted that John Pattillo would be getting back to you with his decision as to how he would approach FEDEX with an Enron counteroffer. Any news on this? Also, thanks for leaving voicemail/e-mail messages to keep me in the loop regarding: a) John Pattillo's decision 12/14; b) Carmen's feedback by close of business Monday 12/18 c) what you finally decide to do before leaving for the holidays 12/22 d) if you follow up on George Wasaff's offer to fly to Memphis next week if necessary and e) if you need to pull back on Enron's contracts with Fedex. Appreciate it. Sarah-Joy	[email protected]	[email protected]
arnold-j/ge/1.	subject: GE persons visiting Friday, the 8th content: Derryl: Thanks for pulling me in to meet John Schroeder, Account Manager (whom I had met earlier with Graham Gebbie) and Marco Arcelli, Sales Manager, Pipelines. Look forward to keeping in touch on this if any buy side opportunities are evenutally pursued. Thanks again. Sarah-Joy	[email protected]	[email protected]
arnold-j/hp/1.	subject: Hewlett Packard Conference call on Wireless and Handheld content: Greg Pyle, Gerry Cashiola: Per our conversation this morning, the conference call on Wireless and Handheld Technologies with Peter Goebel will be December 14th from 1:30 - 2:30 PM. Mike Heggamen the HP Solutions architect for wireless and handheld technologies as well asGerry Cashiola and Greg Pyle will be calling in on the call. Conference call purpose: HP would outline their wireless and handheld technology services and capabilities. Both HP and Enron would discuss their solutions/strategies in this arena. Date: December 14th Time: 1:30-2:30 PM The call-in number: 1-888-689-5736 Password number: 6146040 If any questions, don't hesitate to contact me. Sarah-Joy Hunter Enron Corporation Global Strategic Sourcing/Business Development #(713)-345-6541	[email protected]	[email protected], [email protected], [email protected],
arnold-j/hp/10.	subject: Re: HP -- confidential internal document content: This is an excellent update. Thanks for putting this together. Dale/Patrick - lets regroup on how we want to move this onward. Seems like SJ's suggestion of our spending more time with Bill Dwyer is a good one. Thanks Matt Sarah-Joy Hunter@ENRON 12/12/00 02:42 PM To: Matt Harris/Enron Communications@Enron Communications cc: Patrick Tucker/Enron Communications@Enron Communications, Peter Goebel/NA/Enron@Enron, Dale Clark/Enron Communications@Enron Communications, Jennifer Medcalf/NA/Enron@Enron Subject: HP -- confidential internal document Matt: As GSS Business Development transitions the HP relationship for broadband to your team, there are several issues I wanted to clarify in terms of how the relationship has been developed and who the contacts have been to date. Additionally, I outlined the discussion points/action items from this morning's meeting you held with Jennifer Medcalf and myself. Per your request, the HP presentation complete with a listing of HP's business partners was e-mailed to you this morning. HP contacts to date: Bill Lovejoy, Western Gulf Area Sales Manager Houston, TX #(713)-439-5587 (Gerry Cashiola's boss) Gerry Cashiola, sales representative Houston, TX #(713)-439-5555 (To date, HP person coordinating the relationship--seeking a short term play) Greg Pyle, Solution Control Manager Southeast Region Austin, TX (#(512)-257-5735 (Pyle has been playing the business developer role but continues to defer leadership of the process to Gerry Cashiola) Daniel Morgridge, Manager of Internet - E-Services long term alliances Austin, TX #(512)-257-5736 (Interested in E-services/wireless longer term alliances) Bill Dwyer, Chief Architect, e-Services Solutions Cupertino, CA #(408)-447-5240 (To date, clearly the most knowledgeable person on HP's business propositions; strong technical, financial background to craft value propositions. Gerry Cashiola and Greg Pyle deferred to his judgement in the 11/16th meeting) Matt, On November 10th, GSS Business Development took HP through a tour of Enron's trading floor, the gas control center, and the peaking power plant unit center on the trading floor. This tour was one meeting, amongst several, held in October and November to provide HP a full overview of Enron's products and services and introduce them to appropriate contacts at Enron (EBS, GSS buy side -- Peter Goebel). On November 16th GSS Business Development, Patrick Tucker, and Dale Clark outlined 3 possible EBS/HP focus areas -- connectivity, storage, and wireless. Three EBS action items were defined in that meeting: 1) HP was to provide an HP contact on connectivity (to date, Gerry Cashiola has stalled on providing this). Sarah-Joy will continue to pursue this information and get a sense from Gerry Cashiola of what he means by short term opportunity. What is HP's time horizon for short term? 2) EBS and GSS/BD was to facilitate a conference call on Storage with Ravi to explore size and potential scope of opportunity (completed 12/8) 3) GSS/BD was to facilitate a conference call with Peter Goebel, GSS IT Sourcing Portfolio Leader (set for 12/14) In conversations with you, Jennifer Medcalf and myself this morning, several decisions on forward-looking strategy with HP/EBS were confirmed: Gerry Cashiola has been unable to take control of the process. More importantly, despite numerous visits to Enron in which he has had overviews of Enron's products and services; met with Peter Goebel and his team on the GSS buy side, and participated in an Experience Enron tour, Gerry has been unable to define an HP business proposition. The coordination between Cashiola (short term initiative) Morgridge (long term, 12-24 months) has remained unorganized. These initiatives need to be developed separately. Clearly, the conversations with HP need to be elevated to a more senior level so EBS can work with HP decision makers who can move the relationship forward at a strategic level. As the relationship is developed at this strategic level, shorter term opportunities will crop up along the way. But Gerry's short term plans will not be the focus of the EBS/HP relationship, rather a by-product. To facilitate this process of elevating the relationship, Jennifer Medcalf and I are following up with Bill Lovejoy and Greg Pyle. Lovejoy's boss is Dan Sytsma, VP of HP's America's Central Region. In the conference call Thursday, 12/14 with Peter Goebel and HP regarding wireless initiatives, Peter will support the GSS/BD push for the HP/EBS initiative by reiterating the following two points: a) Enron is already an HP customer; the onus is on HP to move forward on the process of building a strategic relationship (IBM and Lexmark are only some of the HP competitors who could push them out of the running) b) HP's ability to bring the right people to the table will influence HP's business relationship process with Enron Patrick Tucker and Dale Clark could build their relationship with Bill Dwyer, Chief Architect e-Services Solutions, (met at the meeting 11/16) in the near term. Perhaps, plan a visit to Cupertino, California to see Dwyer in person. We look forward to continuing close collaboration with your team on this and other opportunities. Sarah-Joy Hunter Enron Corporation Global Strategic Sourcing - Business Development #(713)-345-6541	[email protected]	[email protected]
arnold-j/hp/11.	subject: Re: HP -- confidential internal document content: Good plan. I agree re SJ. She is on the ball. mh Patrick Tucker 12/14/00 04:28 PM To: Matt Harris/Enron Communications@Enron Communications cc: Dale Clark/Enron Communications@Enron Communications Subject: Re: HP -- confidential internal document I agree. Sarah-Joy and I had a detailed follow-on conversation today about this topic, and we're in agreement as to how things can move forward. I'd definitely like to have Bill rejoin our conversation with our new overall commercial contact at HP, whose name Greg Pyle and Bill Lovejoy will supply in the very near future. I understand that Peter Goebel was quite clear with HP in today's meetings regarding the imminent nature of his wireless decision, the breadth of vendors with whom he could conceivably do business, and the fact that the wireless deal and the Enron sell side are inextricably linked. Sarah-Joy mentioned that Gerry has not been present in the more recent conversations, which we're taking to indicate that Bill and Greg understand that his focus was different than ours. Sarah-Joy has brought immense focus and organization to this process. I have certainly found her involvement invaluable. Patrick Matt Harris 12/14/00 10:51 AM To: Sarah-Joy Hunter/NA/Enron@ENRON cc: Dale Clark/Enron Communications@Enron Communications, Jennifer Medcalf/NA/Enron@Enron, Patrick Tucker/Enron Communications@Enron Communications, Peter Goebel/NA/Enron@Enron Subject: Re: HP -- confidential internal document This is an excellent update. Thanks for putting this together. Dale/Patrick - lets regroup on how we want to move this onward. Seems like SJ's suggestion of our spending more time with Bill Dwyer is a good one. Thanks Matt Sarah-Joy Hunter@ENRON 12/12/00 02:42 PM To: Matt Harris/Enron Communications@Enron Communications cc: Patrick Tucker/Enron Communications@Enron Communications, Peter Goebel/NA/Enron@Enron, Dale Clark/Enron Communications@Enron Communications, Jennifer Medcalf/NA/Enron@Enron Subject: HP -- confidential internal document Matt: As GSS Business Development transitions the HP relationship for broadband to your team, there are several issues I wanted to clarify in terms of how the relationship has been developed and who the contacts have been to date. Additionally, I outlined the discussion points/action items from this morning's meeting you held with Jennifer Medcalf and myself. Per your request, the HP presentation complete with a listing of HP's business partners was e-mailed to you this morning. HP contacts to date: Bill Lovejoy, Western Gulf Area Sales Manager Houston, TX #(713)-439-5587 (Gerry Cashiola's boss) Gerry Cashiola, sales representative Houston, TX #(713)-439-5555 (To date, HP person coordinating the relationship--seeking a short term play) Greg Pyle, Solution Control Manager Southeast Region Austin, TX (#(512)-257-5735 (Pyle has been playing the business developer role but continues to defer leadership of the process to Gerry Cashiola) Daniel Morgridge, Manager of Internet - E-Services long term alliances Austin, TX #(512)-257-5736 (Interested in E-services/wireless longer term alliances) Bill Dwyer, Chief Architect, e-Services Solutions Cupertino, CA #(408)-447-5240 (To date, clearly the most knowledgeable person on HP's business propositions; strong technical, financial background to craft value propositions. Gerry Cashiola and Greg Pyle deferred to his judgement in the 11/16th meeting) Matt, On November 10th, GSS Business Development took HP through a tour of Enron's trading floor, the gas control center, and the peaking power plant unit center on the trading floor. This tour was one meeting, amongst several, held in October and November to provide HP a full overview of Enron's products and services and introduce them to appropriate contacts at Enron (EBS, GSS buy side -- Peter Goebel). On November 16th GSS Business Development, Patrick Tucker, and Dale Clark outlined 3 possible EBS/HP focus areas -- connectivity, storage, and wireless. Three EBS action items were defined in that meeting: 1) HP was to provide an HP contact on connectivity (to date, Gerry Cashiola has stalled on providing this). Sarah-Joy will continue to pursue this information and get a sense from Gerry Cashiola of what he means by short term opportunity. What is HP's time horizon for short term? 2) EBS and GSS/BD was to facilitate a conference call on Storage with Ravi to explore size and potential scope of opportunity (completed 12/8) 3) GSS/BD was to facilitate a conference call with Peter Goebel, GSS IT Sourcing Portfolio Leader (set for 12/14) In conversations with you, Jennifer Medcalf and myself this morning, several decisions on forward-looking strategy with HP/EBS were confirmed: Gerry Cashiola has been unable to take control of the process. More importantly, despite numerous visits to Enron in which he has had overviews of Enron's products and services; met with Peter Goebel and his team on the GSS buy side, and participated in an Experience Enron tour, Gerry has been unable to define an HP business proposition. The coordination between Cashiola (short term initiative) Morgridge (long term, 12-24 months) has remained unorganized. These initiatives need to be developed separately. Clearly, the conversations with HP need to be elevated to a more senior level so EBS can work with HP decision makers who can move the relationship forward at a strategic level. As the relationship is developed at this strategic level, shorter term opportunities will crop up along the way. But Gerry's short term plans will not be the focus of the EBS/HP relationship, rather a by-product. To facilitate this process of elevating the relationship, Jennifer Medcalf and I are following up with Bill Lovejoy and Greg Pyle. Lovejoy's boss is Dan Sytsma, VP of HP's America's Central Region. In the conference call Thursday, 12/14 with Peter Goebel and HP regarding wireless initiatives, Peter will support the GSS/BD push for the HP/EBS initiative by reiterating the following two points: a) Enron is already an HP customer; the onus is on HP to move forward on the process of building a strategic relationship (IBM and Lexmark are only some of the HP competitors who could push them out of the running) b) HP's ability to bring the right people to the table will influence HP's business relationship process with Enron Patrick Tucker and Dale Clark could build their relationship with Bill Dwyer, Chief Architect e-Services Solutions, (met at the meeting 11/16) in the near term. Perhaps, plan a visit to Cupertino, California to see Dwyer in person. We look forward to continuing close collaboration with your team on this and other opportunities. Sarah-Joy Hunter Enron Corporation Global Strategic Sourcing - Business Development #(713)-345-6541	[email protected]	[email protected]
arnold-j/hp/12.	subject: FW: FW: Fedex and other cross sells UPDATE content: Jennifer: If you are referring to the Wireless call, I was on the call and actively participated with Peter G. I had the agenda discussion items and guided the conversation. The call was brief and enabled HP and Peter G. to discuss wireless initiatives briefly. Then Peter G. literally read from my notes the "message" you gave him about the need for HP to support the process on both the buy and sell sides. The call went well, message was delivered and Darrin will follow up with HP so they can come in to Enron and present the wireless intiative. Greg Pyle and Bill Lovejoy (but not Gerry Cashiola) were on the call. Greg Pyle made a note of saying that HP realized that they were going to have to fully support the process on both the buy and sell sides. I will still connect back with Greg Pyle by phone. SJ -----Original Message----- From: Medcalf, Jennifer Sent: Monday, December 18, 2000 8:40 AM To: Hunter, Sarah-joy Subject: Re: FW: Fedex and other cross sells UPDATE Sarah-Joy, I would contact Greg Pyle and find out what took place on the conference call. Have a Happy and safe Christmas! Jennifer Sarah-joy Hunter/ENRON@enronXgate 12/18/2000 08:40 AM To: Jennifer Medcalf/NA/Enron@Enron cc: Subject: FW: Fedex and other cross sells UPDATE Jennifer: In my absence, the only issues I expect to arise are the Fedex and HP deals. For FEDEX: (cross sell) I will be speaking with Buck McGugan, VP of sales, Carmen Perez's boss's boss this morning at his office in Chicago. 847-215-4241. This is a follow up call to the calls from different Fedex business units which I have received. (buy side--John Will) I forwarded John's latest update earlier this week then his note below. First, he had several conference calls with George Wasaff to John Pattillo. John Pattillo had committed to getting back to John on Friday (he didn't) with the specifics of ABS' counter offer to FEDEX. John's e-mail below notes that on Friday 12/15 by noon he heard nothing back from Pattillo. Second, John is to hear back from Carmen Perez today, Fedex account rep, on any news from Fedex lawyers and team regarding Fedex's response to lawsuit issue update. Third, George Wasaff has made himself available to fly to Memphis with John this week if necessary and if this will help resolve the lawsuit issue in our favor. Fourth, John has been told to begin to pull back business from FEDEX in terms of the GSS contractual relationship. I've asked John to keep us in the loop on the developments with these four items and what he finally decides to do 12/22 on the Fedex account. HP: Wireless conference call with Peter G. went fine. Peter G. has asked Darrin to set up a follow up meeting with HP after 1/8/01 when the Enron wireless team returns from London. This is in progress. EFS/Datawarehouse equipment meeting set for early Jan. Spoke with Peter G. I spoke with Bill Dwyer directly last week and he would welcome the opportunity to work more closely with Enron but would want to work in concert with the sales force. My e-mailed question to you was as follows: Do we just wait to hear back from Greg Pyle given your phone call to him and Peter G. message delivered to him on 12/14? Kinko's: Connected Mike Rabon to Kinko's CIO via conference call. That enables the EBS proposition to move forward with Kinko's. Also, connected Ed Quinn and Chris Charbonneau to VP of purchasing. He is the initial decision maker. Chris Charbonneau and I got on a follow up conference call with VP of Purchasing and found that he had already received a business proposition from EIM Pulp & Paper team 9 months ago. But, the offer was not as competitive as the options offered by the Kinko's paper mills. Ed and Chris have some homework to do to improve the offer and get back to the VP of Purchasing. Once we get past this initial hurdle, I will work with Quinn and Charbonneau on getting to the CFO's office as necessary. So, both sides are moving foward here. Also, had Ed Quinn meet with Craig Brown and Tracy F. on office automation (pulled Jeff Youngflesh up to speed as well) since he couldn't attend the meeting. Ed had some great ideas for the process. Continental: Wasaff will speak briefly with Ron Howard on Wednesday at 1:30 PM as a follow up thank-you. Meeting minutes sent out. Will be working with Craig Breslau and T. Ramsey in early Jan. meeting to get info. needed for airline ticket for fuel mgt. swap deal going. Also, followup up with Tawney, Taylor, and Engberg (plastics) in early Jan. Plastics will also be coming to GSS/BD to give educational overview. CSC, Sonoco, Instromet followup in Jan. 2001. Have a great holiday! I will be checking my work voicemail daily weekdays (except Christmas day). Sarah-Joy -----Original Message----- From: Will, John Sent: Friday, December 15, 2000 12:44 PM To: Hunter, Sarah-joy Subject: Re: Fedex Sarah-Joy, No news from John Patillo yet. jw Sarah-joy Hunter/ENRON@enronXgate 12/15/00 10:17 AM To: John Will/NA/Enron@ENRON cc: Subject: Fedex John: Good Morning! Per our conversation yesterday, you had noted that John Pattillo would be getting back to you with his decision as to how he would approach FEDEX with an Enron counteroffer. Any news on this? Also, thanks for leaving voicemail/e-mail messages to keep me in the loop regarding: a) John Pattillo's decision 12/14; b) Carmen's feedback by close of business Monday 12/18 c) what you finally decide to do before leaving for the holidays 12/22 d) if you follow up on George Wasaff's offer to fly to Memphis next week if necessary and e) if you need to pull back on Enron's contracts with Fedex. Appreciate it. Sarah-Joy	[email protected]	[email protected]
arnold-j/hp/13.	subject: HP content: Jennifer, Can I get a contact from you for a representative at Hewlett-Packard. I am needing to get in a 15" and an 18" LCD monitor to compare to other brands for the trading floors in the new building. Thank you. Regards, Darin Lee Carlisle Supply Analyst - Global Strategic Sourcing Enron 713-345-6133 - Office 713-646-6313	[email protected]	[email protected]

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