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Bob, Can you, please take a look at this problem. I shall call you on Monday about it. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000 04:55 PM --------------------------- Enron North America Corp. From: John Goodpasture @ ENRON 09/08/2000 03:59 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Dwight Larson/Corp/Enron@ENRON, James Prentice/GPGFIN/Enron@ENRON Subject: Clean Fuels - GPG business segment Dwight and I are working to develop an updated valuation for the MTBE and methanol business segments. We would appreciate assistance from your group in assessing the market over the next 3-4 years. With the octane shortage this summer, and the strong gas and oil price environment, MTBE prices are well above budgeted levels. How will political/environmental issues affect MTBE prices over the next few years. Methanol prices are also now very favorable, but it would seem that North American methanol producers will be disadvantaged if gas prices in NA remain higher than the rest of the world. Your thoughts on these and any other factors affecting prices would be most helpful. Both Dwight and I are available to meet with you or a member of your group as soon as convenient. Thanks, sorry we missed you today. JNG
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/16/2001 01:39 PM --------------------------- "Btu" <[email protected]> on 01/12/2001 04:47:06 PM To: "Btu's Weekly Power Report" <> cc: Subject: Btu's Weekly Power Report Attached is the latest issue of Btu's Weekly Power Report e-mail: [email protected] phone: 732-758-8222 fax: 732-758-8286 - wp011501.pdf
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001 09:32 AM --------------------------- From: Mike A Roberts 01/23/2001 07:06 AM To: Cary M Carrabine/HOU/ECT@ECT, Richard Tomaski/Corp/Enron@Enron@ECT, Lee Fascetti/Corp/Enron@Enron, Paul Burgener/Corp/Enron@ENRON, James Simpson/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Caroline Abramo/Corp/Enron@Enron, Candace Spencer/CAL/ECT@ECT, Terri Brian/CAL/ECT@ECT, Emma Shier/CAL/ECT@ECT, Gregory Schockling/Corp/Enron@ENRON, Ragan Bond/Corp/Enron@ENRON, [email protected], Brad Horn/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron, Sunil Dalal/Corp/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Charles Varnell/NA/Enron@Enron, Tyrell Harrison/NA/Enron@Enron, Kevin G Moore/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Theresa Staab/Corp/Enron@ENRON, Gregory Schockling/Corp/Enron@ENRON, Ragan Bond/Corp/Enron@ENRON, [email protected], Brad Horn/HOU/ECT@ECT, Eileen Peebles/ET&S/Enron@ENRON, Jeff Nielsen/ET&S/Enron@Enron, Mike Barry/ET&S/Enron@ENRON, Michael Nguyen/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Rajib Saha/HOU/ECT@ECT, Brando Hayden/HOU/ECT@ect, Todd Kimberlain/NA/Enron@Enron, David Ryan/Corp/Enron@ENRON, Todd DeCook/Corp/Enron@Enron, Andy Pace/NA/Enron@Enron, Dean Sacerdote/NA/Enron@Enron, David J Botchlett/HOU/ECT@ECT, Bill F Briggs/HOU/ECT@ECT, Phil Clifford/HOU/ECT@ECT, Jim Goughary/HOU/ECT@ECT, Mario de la Ossa/NA/Enron@ENRON cc: Subject: TuesdayREPORT
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/13/2000 04:23 PM --------------------------- Margaret Carson@ENRON 10/13/2000 01:43 PM To: Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Daniel Allegretti/HOU/EES@EES, Mike McGowan/ET&S/Enron@ENRON, Lorna Brennan/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mark Schroeder/LON/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kathryn Corbally/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron cc: Subject: CAMBRIDGE ENERGY UPDATES ON GAS AND POWER The CERA executive roundtable meeting summary results are as follows: If you are interested in a complete set of the graphs from the presentations please let me know. ELECTRIC POWER PART ONE PEAK TRENDS It is noteworthy how rapidly volatility can change geographically in the electric markets. Last year the U.S. Midwest/South areas were the peakiest, but it reversed this year with the West being highest at the peaks and in New England -- but only in early May 2000 were hgih peaks apparent there. Demand can vary from half the peak max to the max. Peakers can be on the margin on the upper half of the supply mix in many markets. We need to watch gas prices this winter as they can effect winter peak power prices--not just a summer phenomenon. Where are the most gas plants now on the margin? Ercot, FRCC, Neepool, NYPP, SERC, WSCC A DISCONNECT There is a disconnect in the on-peak forward market price for power in Texas now; with the added 5 GW Texas forward markets do not seem to take this into account yet. (Note: Vince Kaminski) The Texas forward market should be very soft next summer unless we return to 105 degree F temperatures. New England is just one year behind Texas in its overbuild. One main reason for the spikes in Calif is power plants did not get built in Calif due to a lack of a capacity charge ..and this is not a panacea...as Calif also has many enviro/siting hurdles that challenge developers who want to site as well. . TSUNAMI OF MERCHANT CAPACITY PLANNED? CERA sees over 240,000 MW of planned capacity over the 2000-2005 period; with 25,000 MW being completed in 2000; 35 MW under construction for 2001 and 15 000 MW under construction for 2002-- but the market only needing 13 000 to 15 000 MW a year. This shall lead to many and large deferrals and delays, especially in 2001 and 2002. What has been the recent history? US wide over the past 3 years just 11 percent of the planned capacity was actually finished and 18 percent of that planned was actually under construction. They assume a 24 month construction completion time. FOR PROFIT TRANSMISSION Cera sees Allegheny Energy in PJM West; Entergy in SPP; Southern in SERC and Alliant in MAPP as all for profit transcos. TYPICAL O&M COSTS IN U.S. TRANSCOS Why do O&M costs differ widely among transcos? Some costs are 3 to 8 times higher than the norm at $5000 in O&M expense per 5000 system miles in size. Regulatory overhang allows this...this is weather adjusted to remove high costs from big freezes etc. USING REAL OPTION MODEL VS POWER PLANT NPV You want to try to have the base value of an asset going forward when you expect volatility and include historical spreads and fuel/power price swing assumptions. CALIFORNIA MARKET IS BROKEN This market starts to work only after it gets into a reliability crisis. No incentives to add power plant capacity and huge hurdles against siting even when the market signals the need is there. Will the regulator's post 2000 fix make it worse? PEAK POWER DEMAND FORECAST As percent per year change vs 2000 Cera sees 2001 as follows: New Eng / New York 6.3 / 6.2 percent PJM / ECAR 7.7 / 4.4 percent MAIN / MAPP 3.0 / -0.1 SERC / FRCC 1.3 / 2.3 percent SPP / ERCOT 4.0 / 2.3 NWPP / Rockies -6.8 / -0.6 AZNM / Calif-SoNV -0.9 / 4.0 USA avg up 2.6 percent It looks like Calif. in in for a touch summer in 2001 as well. NATURAL GAS PART TWO SUPPLY SHORT Year 2001 supply rebound could be 800mmcfd to 1.0 bcfd; Canada in 2001 up only 400 a day; in the US we need 2 bcfd more supply for 2001 demand. alone let alone storage refill.... yet a cold winter now could add 3 to 4 bcfd to demand and slash storages. The fall in drilling in 1999 and early 2000 took 3.5 bcfd productive capacity out of the supply pool. It will take till 2005 for US production to reach a 4.1 bcfd gain versus today's production. ADDED GAS FOR POWER PLANTS Right now Cera expects an incremental need for 1 bcfd next year for these plants..this will keep prices high MUCH MORE POWER SWING 1990 to 1992 we needed 5 bcfd for power plant swings; now we need 10 bcfd; offpeak use is even up 5 bcfd vs 10 years ago. RESI USE IS UP The AGA disco members adds 750 000 new gas homes each year and this builds demand year round. INDUSTRIAL NUG DEMAND Of the 24 bcfd ( 8.77 Tcf) industrials gas use in the US; 8.6 bcfd ( 3.1 Tcf) of this is for power plant and non-mfg use. HOW FAST CAN CANADA ADD? Canada can add 3.6 bcfd by 2005 versus now; adding each year from 2001 to 2005 as follows: 500/800/900/700/700 mcfd annually. IS ARCTIC GAS ON THE HORIZON? Its is far away; maybe 4 or 5 bcfd by 2015.. This means up to 2.7 bcfd to flow to Midwest by 2015 and up to 2.4 bcfd to Calif./PNW on expansions by 2015.
Approved Vince Kaminski "ECTHOU-DOMWEB1" <[email protected]> on 03/31/2000 09:38:08 AM To: [email protected] cc: Subject: Class Request: XL97CHART-574 Excel 97, Charting, William Smith Your approval is required for William Smith to attend the following class. To grant approval, send a reply to "[email protected]" (NotesMail: LeRea Pharr/HOU/ECT@ECT). Be sure to include employee's name and class number in reply. Excel 97, Charting Session Dates & Times: 4/21/2000 8:30:00 AM-11:30:00 AM Location: EB572 No Show/Participant Fee: $ 110.00 If you have any questions, please call the Technology Training Coordinator at 713-853-1816.
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000 04:41 PM --------------------------- "Btu" <[email protected]> on 12/15/2000 04:30:32 PM To: "Btu Weekly" <> cc: Subject: Btu Weekly Attached is the latest issue of Btu Weekly. e-mail: [email protected] phone: 732-758-8222 fax: 732-758-8286 - wg121800.pdf
Tani, Ted Murphy sees the curve validation issue as the RAC prerogative. I shall contact him and offer our help in the curve review process. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/30/2000 07:52 AM --------------------------- From: Ted Murphy 10/29/2000 10:23 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Re: Copper curve Tani, Please touch base with Lloyd Fleming as to whom from RAC should review the methodology. I view that it is the commercial team's responsibility to post the curve, operations responsibility to gather objective information on the efficacy of the curve on a (minimum) monthly basis and report all highly sensitive curves, RAC will not approve or disapprove a curve but question methodology/motivations and subsequent changes and do so in a senior management forum (i.e., we will tell on those who have suspect curves or curve movements). Obviously, we are looking for the best estimate of the value of those products in those time buckets TODAY, we also favor object, consistent application of methodoology intra and inter commodity. Ted Vince J Kaminski 10/27/2000 04:18 PM To: Tani Nath/LON/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT, Steven Leppard/LON/ECT@ECT, Tim Poullain-Patterson/LON/ECT@ECT, Harry Tefoglou/LON/ECT@ECT, Esther Gerratt/LON/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT Subject: Re: Copper curve Tani, No problem. We shall look at the curve on Monday. I have organized a small team to examine the curve from different perspectives. Curve validation is normally a RAC prerogative and I shall get them involved on Monday Vince Tani Nath 10/27/2000 11:40 AM To: Maureen Raymond/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT, Steven Leppard/LON/ECT@ECT, Tim Poullain-Patterson, Harry Tefoglou/LON/ECT@ECT, Esther Gerratt/LON/ECT@ECT Subject: Copper curve Following Steve's note to you earlier today, I wanted to mention that we have a fairly urgent need for review of the copper curve in particular, as there is a deal due for final pricing in the next few days. I am not sure what data you have received from Enron Metals in London, so I am asking Tim Poullain-Patterson to ensure that you have the curves and the economic justification proposed as soon as possible. Please direct any questions to him or to Harry Tefoglou. I will be in the Tokyo office next week, but available via e-mail. Thanks in advance for your assistance, Tani
Geynille, I understand you are in charge of recruiting at the UofH. I am forwarding to you the resume of one of the students of the University of Houston. She is involved with the international organization called AIESEC and I was most impressed by her organizational skills and professional attitude. I used to work as a volunteer for this organization many years ago and I am still helping their local chapter. As far as I know, she signed up for an interview with Enron. Vince Kaminski ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/29/2000 02:13 PM --------------------------- Biliana Pehlivanova <[email protected]> on 09/28/2000 06:02:20 PM To: [email protected] cc: Subject: Biliana's resume Mr. Kaminski, Thank you for referring me to your recruitment representative. Attached is my resume. I would appreciate you letting me know the name of the HR person whom I can folow up with. Best regards, Biliana ===== ================================== Biliana Pehlivanova Vice President of Incoming Exchange AIESEC Houston 713 743-4927 ================================== __________________________________________________ Do You Yahoo!? Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free! http://photos.yahoo.com/ - Biliana's resume.doc
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/12/2001 05:59 PM --------------------------- From: Cassandra Schultz @ ENRON 02/18/2001 10:59 PM To: Wanda Curry, Barry Pearce/Enron Communications@Enron Communications, Kristin Albrecht/Enron Communications@Enron Communications, Shawn Kilchrist/NA/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT cc: Subject: To Ops - Revised February BOD Approved Risk Management Policy FYI ---------------------- Forwarded by Cassandra Schultz/NA/Enron on 02/18/2001 10:44 PM --------------------------- From: Cassandra Schultz 02/18/2001 10:26 PM To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Stacey W White/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, D Todd Hall/HOU/ECT, Cindy Horn/LON/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, Howard Carter/EU/Enron@Enron, Andrew Cornfield/LON/ECT@ECT, James New/LON/ECT@ECT, Orjan Agdesteen/OSL/ECT@ECT, James New/LON/ECT@ECT, Marcelo Parra/NYC/MGUSA@MGUSA, Louis Colarusso/NYC/MGUSA@MGUSA, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jan-Erland Bekeng/AP/Enron@Enron, Kevin Rhodes/EU/Enron@Enron, Naomi Connell/LON/ECT@ECT cc: Sally Beck, Shona Wilson, Chris Abel Subject: To Ops - Revised February BOD Approved Risk Management Policy Attached is the revised Risk Management Policy incorporating the BOD's changes - please discard the previously circulated version I sent out prior to the BOD meeting. I've also included a recap of substantive changes since the October 2000 version that was circulated to you in conjuction with the compliance certificates last fall, but you should read the policy to enhance your understanding, and distribute it to your groups as some changes are significant and are detailed further in the policy. I did notify the Office of the Chair for each of your business units of these changes earlier this week, and I will also provide them with a copy of the revised policy. If you have any questions, feel free to give me a call at x 30429. Regards, Cassandra Schultz Market Risk Management
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/01/2000 05:05 PM --------------------------- "The Alliance of Energy Suppliers" <[email protected]>@ls.eei.org on 11/01/2000 04:13:19 PM Please respond to "The Alliance of Energy Suppliers" <[email protected]> Sent by: [email protected] To: "Generation and Power Marketing Executives" <[email protected]> cc: Subject: Alliance Info Alert: FERC Report on Western Markets At its special meeting today, FERC released the results of its eagerly awaited probe into California's summer power crisis, concluding that under certain circumstances, California ratepayers were subjected to unjust and unreasonable power rates due to California's "seriously flawed" market structure and rules in conjunction with tight demand and supply conditions throughout the West. The FERC staff report on western markets and the causes of the Summer 2000 Price Abormalities, entitled, Part I of Staff Report on U.S. Bulk Power Markets, is available at the following website: http://www.ferc.fed.us/electric/bulkpower.htm In response, FERC issued an order proposing a series of sweeping structural changes to the California ISO and PX to help remedy the pricing problems, and solicited public comment by November 22. A technical conference has also been scheduled for November 9, to discuss the proposed solutions and other remedies that might be suggested (details TBA). While all four commissioners supported the order, the order stretched the Commission. Chairman Hoecker and Comm. Breathitt expressed strong endorsements, while Comms. Hebert and Massey concurred, citing areas where they felt the Commission had either "over-reached" or not gone far enough, as discussed below. A final order is expected to be issued by year's end. At the same time, the Commission warned California consumers of their continued risk of paying higher prices unless policy makers there resolve state issues, such as: (1) immediately implementing the availability of day ahead markets for power purchases; (2) development of demand responses; (3) siting of generation and transmission; and (4) assurance of sufficient reserve requirements. Highlights of Proposed California Structural Remedy In its order, FERC proposed a series of market overhauls, including: (1) Eliminating the state's mandatory requirement that the state's investor-owned utilities buy and sell electricity through the PX, and allowing these utilities to purchase electricity through forward contracts and other alternative mechanisms to manage supply risks. (2) Requiring market participants to schedule 95 percent of their transactions in the day-ahead market and instituting a penalty charge for under-scheduling (in excess of five percent of hourly load requirements), in order to discourage over-reliance on the real-time spot market. (3) Establishing independent, non-stakeholder governing boards for the ISO and PX. (4) Modifying the current single price auction system by (a) imposing a temporary $150/MWh "soft cap" that prohibits supply bids in excess of $150 from setting the market-clearing price for all bidders; (b) requiring sellers bidding above $150/MWh to report their bids to FERC on a confidential, weekly basis and provide certain cost support; and (c) requiring the ISO and PX to report monthly information on such bids. The Commission's price mitigation measures would remain in effect through December 31, 2002. (5) Declining to order retroactive refunds for the state's ratepayers and utilities, citing insufficient authority to do so, but subjecting sellers to potential refund liability for transactions from October 2, 2000 until December 21, 2002, but no lower than their marginal or opportunity costs, if FERC finds non-competitive behavior. (6) Encouraging accelerated state siting approval and introduction of demand response management programs. Separately, the draft order rejected the ISO's request for an extension of its current purchase price cap authority, and the PX's request for price capping authority. Commissioner Responses Comm. Herbert reluctantly concurred, noting that his decision may change when a final order is considered based on comments filed or testimony offered at the November 9 meeting. He stressed that he would have preferred that the order address four areas: (1) eliminate all price controls in California markets; (2) abolish the single price auction entirely; (3) terminate the "buy and sell" mandate in the PX; and (4) direct the ISO to address a long list of cited problems in its January 2001 RTO filing, rather than having the Commission prescribe specific remedies. Hebert stated that while he was opposed in principle to the "soft cap" concept, if one had to be adopted, then the soft cap should increase incrementally increase over time at specific pre-announced dates. He believes that this would serve to both encourage greater investment in facilities and additional forward contracting as well as provide an incentive for California regulators to address market design and other flaws. Also, he would not have disbanded the stakeholder governing boards at this time, but allow the ISO and PX to address this issue in their January 2001 RTO filings. In addition, he would not dictate risk management methods, preferring instead that market participants determine appropriate actions on their own. Finally, he advised Californians not to be so environmentally focused that they do not realize their tremendous need for generation capacity. Comm. Breathitt stated her approval of the Order while warning that FERC cannot allow the events of this past summer to reverse or slow the progress towards open and competitive markets. She noted that it was the Commission's job to guide the market to self-correct and not to conduct "command and control." She also commended the managers of the ISO and PX, saying that they have performed admirably. However, she noted she is awaiting comments on the single price auction remedy and its accompanying confidential reporting requirements. Comm. Massey concurred, but emphasized that he advocates a more aggressive approach. He feels that the Congress has "put its thumb on the scale" in the Federal Power Act to protect consumers. Stating that prices will continue to be unreasonable in the future, he believes that this Order moves in the right direction, by proposing solutions to identified problems such as an over reliance on the spot market, lack of demand response, the need to reconstitute governance of the ISO and PX and the elimination of the buy/sell mandate. Comm. Massey specifically called for comments regarding whether the $150/MWh soft cap went far enough, whether FERC has the legal authority to issue refunds and to determine whether there should be a requirement for a certain percentage of forward contracting to hedge against the spot market price volatility. Finally, Chairman Hoecker stated his strong support of the Order, but noted that this is "no time to pull punches." He emphasized that the Commission needed frank comments from the industry. He echoed Comm. Breathitt's warning that competition is at risk and that they needed to get the markets back on track. Noting that the Commission lacked authority to order refunds, he stated that the responsibility rests with Congress. Addressing jurisdictional issues, he stated that siting problems encountered at the state level are slowing the "meandering transition" to competition. He feels that the state of California and FERC need to work together to resolve these problems and that FERC is not attempting to usurp power. Rather, California is part of a broader interstate market and is dependent on the western region for reliable energy, thus placing the burden on federal action to make things work, Hoecker maintained. The Chairman also said that the Commission will fully investigate and act upon complaints of market power abuse or further evidence provided by staff's ongoing investigation. If you have any questions or comments, please call Jack Cashin at 202/508-5499.
Dear Mr. Nur Azmin Abu Bakar, Thanks for your prompt reply. Please, let us know how many members of your team will visit Enron. I look forward to our meeting on February 8. Vince Kaminski [email protected] on 01/02/2001 06:38:33 PM To: [email protected], [email protected], [email protected] cc: Subject: Re: Meeting on Feb 8, 2001 Dear Kaminski, Happy New year and thank you for the reply. We are honored to have lunch with you and your team however we have another appointment at 2.30p.m. Regards [email protected] on 03/01/2001 07:38:19 AM To: [email protected] cc: [email protected], [email protected] Subject: Meeting on Feb 8, 2001 Dear Sir, I would like to apologize for the delay in responding to your fax. I was on vacation for the last few days. I shall be honored to meet your delegation on Thursday, February 8 at 10:00 a.m. Please, let me know if you will be free for lunch after the meeting. Vince Kaminski
Vasant, Thanks. See you on Saturday. Vince Vasant Shanbhogue <[email protected]> on 11/29/2000 09:49:16 PM To: [email protected], [email protected], [email protected], [email protected] cc: Subject: Reminder for dinner on Saturday Dec 2nd This is to remind all of you of the dinner plan (with family) at my house on Saturday Dec 2nd. We will expect you at about 6:00 pm. Address: 3410 S. Briarpark Ln, Sugar Land Directions (from downtown) : Take 59 South all the way past Sam Houston Beltway 8, and past Highway 6. Take the next exit --- First Colony Blvd/Sweetwater Blvd. Take a left at the traffic light onto Sweetwater Blvd (over the highway). Go straight on Sweetwater Blvd past a few traffic lights and a few stop signs. After passing a golf course on the right, you will get a subdivision "Crescents on the Green" on the right, and a subdivision "BriarWood" on the left. Take a Left into the Briarwood subdivision and an immediate right onto S. Briarpark Ln. (There is only one street in the subdivision). Our house (3410)is right there --- 3rd house from cul-de-sec. Phone : 281 265 8959 Cell : 713 569 2438 Vasant __________________________________________________ Do You Yahoo!? Yahoo! Shopping - Thousands of Stores. Millions of Products. http://shopping.yahoo.com/
An interesting piece of information from the oil markets. Iraq is trying to extract concessions from the US and threatens to shut down production as of Oct 1 (just in time for the US elections). The source of this info is Phil Verlaeger (an oil analyst). He is very good but excessively concerned with Iraqi machinations. He is the source of news (reported by Friedman of the New York Times in his op-ed columns) about massive Iraqi trading in the oil futures markets. I personally discount this info: the volume and transparency of the oil markets would not support this type of huge scale operations by Saddam's government. There may be some trading by Iraqi officials on the side. Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99 04:34 PM --------------------------- Clayton Vernon@ENRON 12/22/99 10:40 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Vasant Shanbhogue/HOU/ECT@ECT Subject: Re: working gas price model Vince- I have a simplified version of Brad's model in mind. The "no arbitrage" condition equates trading margins across the country. Costs of transmission rise with congestion on the network. Wellhead supply is almost completely price- elastic, while burner-tip demand is almost completely price inelastic. Storage is rationalized as a perpetual call option. The least time-variant parameters are the costs of injecting and withdrawing gas from storage to the pipeline, followed by the costs of delivering gas from the wellhead to the pipeline. The intermediate-variant parameters are the capacity-dependent costs paid to the pipeline (above shrinkage) for transmission. The most time-variant parameters are the trading margins and the valuations of the storage option. There are 8 parameters to be estimated at each major node of the betwork. They are identifiable in either of two straightforward ways: using a short time series of the last 3 days prices based on the assumed variability mentioned above, or point-estimates ("calibrations") using only today's data based on a node-based model of competition between pipelines where pipes with the same region of origination, albeit markedly different terminus, price versus capacity similarly, "competing" for outflows. I will write this up for you in Scientific Word and present it to you at your earliest convenience. Clayton
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/14/2000 11:14 AM --------------------------- From: Mike A Roberts 12/13/2000 11:35 AM To: David J Botchlett/HOU/ECT@ECT, Chris Mahoney/LON/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT Subject: New Research Tool - too Cool!!! This tool is really a breakthrough. Real-time off our new satellite controller, meteorological info from NOAA's satellite!!! Simple and easy. just go to... http://sassy.ect.enron.com/weather/current/desktop.html further instruction (there is only one instruction).. type in your station of interest, example: KHOU for Houston, Texas, LIRF for Rome, Italy, EDDH for Hamburg, etc (see attached city code list) you will be constantly updated way before the competition! enjoy...
John, [email protected] Vince "John Adamiak" <[email protected]> on 11/21/2000 09:26:00 AM To: <[email protected]> cc: Subject: Re: PGS On-site Derivatives/Electric Power Training Vince, Thank you. Do you happen to know his email address? John ----- Original Message ----- From: <[email protected]> To: John Adamiak - President <[email protected]> Sent: Tuesday, November 21, 2000 10:00 AM Subject: Re: PGS On-site Derivatives/Electric Power Training > > John, > > Please, contact George Hopley at Enron. (713) 853-9463 > > Vince > > > > > > > John Adamiak - President <[email protected]> on 11/17/2000 01:49:30 PM > > Please respond to John Adamiak - President <[email protected]> > > To: <[email protected]> > cc: > Subject: PGS On-site Derivatives/Electric Power Training > > > Do you know of anyone who could benefit from on-site > training in energy derivatives or electric power trading during > the coming twelve months? www.pgsenergy.com > > John Adamiak > PGS Energy Training > > > > > > >
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001 05:28 PM --------------------------- Osman Sezgen@EES 04/04/2001 04:33 PM To: Pinnamaneni Krishnarao/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT Subject: IAM Projects-Discounting Krishna, Here is my working paper on the issue. We actually applied the alternative method (put value) to the calculation of premium for managing the "liquidation value" curves. I am working with the desk to get a list of all the projects we have with information about the technology class, region, volume etc. Shortly we will be able to apply these methodologies and test them. Osman
Sam, Let's include this week points 1.1 and 1.2. It's by Martin and Shaleesh. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001 09:57 AM --------------------------- Vince J Kaminski 01/04/2001 05:34 PM To: [email protected] cc: Subject: IP technical document ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/04/2001 05:35 PM --------------------------- From: Martin Lin on 01/04/2001 02:15 PM To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT cc: Subject: IP technical document Please find attached a PDF version of the IP technical document. Comments are appreciated. If there are any changes that you need, please let me know. Thanks, Martin
Tom, Thanks. I shall try to pick up the paper tonight. The E-mail caught me in a better place than an air conditioned place. I am in Australia and it's winter here. Vince Tom Arnold <[email protected]> on 07/20/2000 11:44:43 AM To: [email protected] cc: Subject: Re: Real World Option Pricing Hey Vince, Since I saw you last, the "Real World Option Princing" paper has taken on some more interesting results. Tim Crack and I would certainly like your comments on the previous version and current version because we feel there are still more areas to explore, such as, Value at Risk. Here is where you can download the paper: http://www.bus.indiana.edu/tcrack/gopop.pdf I hope this e-mail finds you in air conditioned room away from the heat. Tom
Anita, Thanks. Vince Anita DuPont@ENRON 07/11/2000 08:30 AM To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT cc: Shirley Crenshaw/HOU/ECT@ECT Subject: Calendar Managment and Appointments FYI. Whenever I make an appointment for you and enter it on your calendar, I will put my initials in parenthesis (ald) so you will know I made the appointment. Anita
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000 04:47 PM --------------------------- "Laura Ide" <[email protected]> on 12/22/2000 11:54:31 AM To: <[email protected]> cc: Subject: Energy & Power Risk Management 2001 Dear Vince, I would like to confirm the invitation for you to participate at our annual congress in Houston. Following our conversation, I would be most interested in including a presentation on 'Modeling price volatility in US power markets' in the pricing, hedging & trading stream on the 14th May, 2001. I am keen to confirm each speaker and session by the end of next week, which will then allow time to work with each presenter on titles and points that will provide an accurate summary for the session. If you have any overall views or suggestions regarding the conference feel free to email me at [email protected] or call me on 212 925 6990, extn. 225. I look forward to confirming your participation at Energy & Power Risk Management 2001. IMPORTANT: Due to system problems I am using another system. Please do not reply to this email. Please reply to the address given above. Yours sincerely, Paul Bristow Manager of Conferences, USA Risk Waters Group - spktemp2.doc
To DO 1. Paper fro Kevin K. 2. Rosemary at ICBI Andy kalotay Brad Horn Johansen Piazze
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/21/2000 06:24 PM --------------------------- Stinson Gibner 06/21/2000 04:59 PM To: Shalesh Ganjoo/Contractor/Enron Communications@ENRON COMMUNICATIONS@ENRON cc: Martin Lin/Contractor/Enron Communications@Enron Communications@ENRON, Samer Takriti/Enron Communications@Enron Communications@ENRON, Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT Subject: Re: Speed of Light O.K. Here is a physicist's response. http://www.aps.org/WN/WN00/wn060900.html From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 06/21/2000 12:54 PM PDT To: Martin Lin/Contractor/Enron Communications@Enron Communications, Samer Takriti/Enron Communications@Enron Communications, Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT cc: Subject: Speed of Light Gentlemen, Please take a look at this article! Thank you. http://www.sunday-times.co.uk/news/pages/sti/2000/06/04/stifgnusa01007.html Shalesh Ganjoo
Dortha, This date works for me. Vince Dortha Gray @ ENRON 10/17/2000 03:14 PM To: Vince J Kaminski/HOU/ECT@ECT, Kevin Kindall/Corp/Enron@ENRON, Cassandra Schultz/NA/Enron@Enron, Gary Peng/GPGFIN/Enron@ENRON, Gregory Adams/Corp/Enron@ENRON, Mike Deville/HOU/ECT@ECT, Johnna Kokenge/Corp/Enron@ENRON, Jan Johnson/GPGFIN/Enron@ENRON cc: Subject: Research Group Project Meeting This meeting originally scheduled for Thursday, October 19, at 10:00 has been rescheduled to Thursday, October 26, at 10:00 in EB 19 C-1. Please let me know if this works with your schedule.
Cathy, Yes, I shall be glad to use a few tickets for my group as a token of appreciation. How many can you spare? Vince From: Cathy Phillips on 04/02/2001 01:06 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Re: Astros Season Tickets All of the tickets in the initial time frame have been taken. The next set of tickets I have available are for the series of April 20th - 25th. Please let me know if you are interested in any of the tickets in this series. Thanks. Cathy Phillips X-36898 Vince J Kaminski 03/30/2001 11:25 AM To: Cathy Phillips/HOU/ECT@ECT cc: Subject: Re: Astros Season Tickets Cathy, I shall appreciate 4 tickets, any day. I shall use them internally as a token of appreciation for the members of my group. Vince From: Cathy Phillips on 03/30/2001 08:45 AM To: Jeffrey A Shankman/HOU/ECT@ECT, Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Lisa Yoho/NA/Enron@Enron, Neil Davies/Corp/Enron@ENRON, Per Sekse/NY/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Scott Vonderheide/Corp/Enron@ENRON cc: Cathy Phillips/HOU/ECT@ECT, Jennifer Burns/HOU/ECT@ECT, Angie Collins/HOU/ECT@ECT, Donna Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT, Candace Parker/LON/ECT@ECT, Sharon Purswell/HOU/ECT@ECT, Gloria Solis/HOU/ECT@ECT, Brenda J Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula Forsyth/Corp/Enron@ENRON, Shirley Crenshaw/HOU/ECT@ECT, Jody Underwood/NA/Enron@ENRON, Kathleen D Hardeman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Judy Zoch/NA/Enron@ENRON, Sunita Katyal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cherry Mont/NY/ECT@ECT, Lydia Reeves/HOU/ECT@ECT, Kristy Armstrong/Enron@EnronXGate, Nita Garcia/NA/Enron@Enron, Christina Brandli/Enron@EnronXGate Subject: Astros Season Tickets Astros Tickets Available Please note that the tickets for the Astros games scheduled for Saturday, March 31st, through Sunday, April 8th, (no game on Monday, April 2nd) are still available. Please let me know this morning if you are interested in any of the tickets. Thank you. - - - - - - - - - - - - - - - - As Mike mentioned at the staff meeting yesterday, Enron Global Markets has season tickets for the Houston Astros for the 2001 season which begins this Friday, March 30th, with an exhibition game against Boston. Exhibition games are also scheduled for Saturday, March 31st, and Sunday, April 1st. The regular season opening game will be on Tuesday, April 3rd. We have four seats in section 116, row 33, seats 20 - 23. The seats are located in the dugout section between home plate and the visitor's dugout. The tickets are available on a first come, first serve basis with preference given for customer entertainment if more than one request is received for the same game. Please contact me at X-36898 or via e-mail at [email protected] to request tickets. In addition, copies of the Astros 2001 Season Schedule are available upon request. Please let me know if you have any questions. Thank you. Cathy Phillips X-36898 EB 3327
Ashley, The web site address of the prof at Berkeley I contacted. http://www.ieor.berkeley.edu:80/~oren/ Vince
Hi Paula, A friend of mine comes from New York (an interview with Enron on Monday) and he will stay with me on Sunday. What about a dinner at the bistro? Vince From: Paula Corey@ENRON COMMUNICATIONS on 03/01/2001 09:56 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Doreen V - I spoke with Doreen this morning re: our San Francisco project. Please forward info to her at [email protected] Are you up fro brunch at my house on Sunday with Bill and Mary? Kathryn will be home on midterm break P -
David, When do you need my signature. I missed the presentation last Tuesday (I was sick) and would like a day or two to review the product. Vince From: David Port @ ENRON 11/08/2000 02:43 PM To: Vince J Kaminski/HOU/ECT@ECT, Robbi Rossi/Enron Communications@Enron Communications, Tanya Rohauer/HOU/ECT@ECT, James Ginty/Enron Communications@Enron Communications, Kristin Albrecht/Enron Communications@Enron Communications cc: Ted Murphy/HOU/ECT@ECT, Barry Pearce/Enron Communications@Enron Communications, Michael Moulton/Enron Communications@Enron Communications Subject: DRAM Trading Authority Here is the latest trading request: Specifically it requires the following to get it over the line: Vince, your concurrence with a simplistic VAR calculation the start - up period Everybody else, your signatures, or agreement to sign via email In addition, here is the commercial presentation which wil be attached to the request on its way to EB5007 Many thanks DP
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001 09:51 PM --------------------------- Tanya Tamarchenko 04/09/2001 11:13 PM To: Vince J Kaminski/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT, Debbie R Brackett/HOU/ECT@ECT, [email protected], Naveen Andrews/Corp/Enron, Jaesoo Lew/NA/Enron@ENRON, Zhiyong Wei/HOU/ECT, Rabi De/NA/Enron@ENRON, William S Bradford/HOU/ECT, Dave Wei/NA/Enron, Jason Sokolov/HOU/ECT@ECT, Rakesh Bharati/NA/Enron@Enron, Mike E Presley/ENRON@enronXgate, Mercy Gil/NA/Enron, Mark Ruane/HOU/ECT, Stig Faltinsen/EU/Enron@Enron, Viacheslav Danilov/LON/ECT@ECT, Frank Hayden/Corp/Enron cc: Subject: Re: VAR and Credit meeting on Wednesday, April 11 at 11:30 am Everybody, this week our regular meeting will be devoted primarily to 2 subjects: 1. Simulating power prices in VAR; 2. Capturing correlations across commodities as well as across term structure of forward prices. Research will present some suggestions based on data analysis. Detailed agenda is enclosed. Please, let Shirley Crenshaw know if you are not planning to attend. Tanya.
Molly, We are in process of setting up an interview. Vince Enron North America Corp. From: Molly Magee 10/18/2000 02:56 PM To: [email protected] cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT Subject: Confidential Dr. Lew: Vince Kaminski has asked me to contact you in connection with your interest in Enron. He would like to schedule a mutually convenient time for you to visit Houston and meet with his group. The dates that have been suggested are: Wednesday, 10/25/2000; Thursday, 10/26/2000; or Friday, 10/27/2000. I hope that one of these dates will be convenient for you to come in for interviews. You may either respond to me by email, or phone me at 713 853-4804, whichever is easier for you. I am also leaving a voicemail message for you at your home phone number. We hope to hear from you soon. Molly Magee Recruiting Manager
Jana, Too bad we live in Texas and our votes for Bush have no impact on the national results. I shall spread the message to other states that are more critical. Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001 02:02 PM --------------------------- "RiskNews Update" <[email protected]> on 02/02/2001 12:09:13 PM To: List Member <[email protected]> cc: Subject: - latest RiskNews Update - 02/02/2001 RiskNews Update - http://www.RiskNews.net RiskNews Update - http://www.risknews.net/ =================================================================== RiskNews Update - week ending 02/02/2001 http://www.RiskNews.net News for derivatives and risk management professionals =================================================================== Dear Subscriber, Welcome to RiskNews Update! The Fed's second 50 basis point cut in interest rates in a month to stave off a recession in the US - a move widely discounted in the marketplace - was the subject of many headlines this week. While the cut is the largest since the 1982 recession, and has raised eyebrows regarding the true state of the US economy, there was also plenty of other important news. ABN Amro unveiled plans to boost its risk management and derivatives business by purchasing a large slice of ING Barings' North American investment banking operations for $275 million. Competition in the US and elsewhere will be fierce, however, with leading player Salomon Smith Barney creating a new global interest rate and derivatives products group, following an overhaul of its fixed-income and derivatives businesses. There appears to be no long-term role for Citibank's Fred Chapey in the new division. Meanwhile, Deutsche Bank's decision to axe about 2,600 staff following a restructuring of its operations into two business groups, will have a negligible impact on its derivatives business (see Headlines). London-based broker Tullett & Tokyo Liberty was back in the news again for alleged racial discrimination. Laurent Weinberger, a broker on the new issues desk until last May, initiated a racial discrimination and unfair dismissal case against his former employer this week. Previously the firm had a run-in with client Citibank, when a Tullett employee allegedly made racist comments to a Citi official (see People). Christopher Jeffery Editor, RiskNews Tel: 44 (0)20 7484 9880 mailto:[email protected] ----------------------------------------------------------------- This is the last week to book for OpRisk 2001(New York, 8 & 9 Feb)! OpRisk 2001 is the first conference to bring together leading experts to discuss the revised Basel consultation paper in depth. Due to overwhelming demand we've decided to extend the Operational Risk promotion deadline for you. Click here to order your FREE copy (worth $70) of the February issue of the Operational Risk newsletter http://www.risk.net/oprisk/freeissue.htm ------------------------------------------------------------------ RiskNews Update - 02/02/01 Headlines/ Technology and Exchanges/ People/ Events =================================================================== Headlines - 02/02/2001 =================================================================== 2 February - Continuous Linked Settlement, the pan-industry initiative to reduce FX settlement risk, is set to go live in October having passed a recent internal review 1 February - Deutsche Bank's plan to axe around 2,600 staff following a restructuring of its operations into two business groups - a move the bank claims will lead to savings of e1.5 billion through to 2003 - will have a negligible impact on its derivatives business 1 February - Britain's financial watchdog, the Financial Services Authority (FSA), has given a warning that credit derivatives will face higher capital charges than traditional bank guarantees under planned reforms to the Basel Capital Accord 31 January - With US banks in the unusual position of being challenged for dominance in the global forex business by firms such as Deutsche Bank, Bank of America plans to implement new tactics that include getting closer to its traditional US customers 30 January - ABN Amro's decision to buy a large slice of ING Barings' North American investment banking operations for $275 million will result in a major boost for its derivatives business, according to senior officials at the bank 30 January - Greece's membership of the euro-zone and recent efforts by its Central Bank to modify its bond issuance policy to match EuroMTS listing criteria has resulted in three Greek government bonds being offered on the EuroMTS trading system 29 January - Salomon Smith Barney has created a new global interest rate and derivatives products group, following an overhaul of its fixed-income and derivatives businesses, according to an SSB internal memo To read more now, click http://www.risknews.net ******************************************************************* You will find hundreds of FREE Risk magazine articles, website reviews and back issue content from the last four years are available from Risk.net. If it isn't available online, you can order back issues & articles too. This link will take you through to the Special reports section of the site: http://www.risk.net/supplements/supplements.html =================================================================== Technology and Exchanges - 02/02/2001 =================================================================== 31 January - New York-based B2B electronic market-place provider eSpeed plans to expand and extend its licensing efforts in 2001, and has appointed David Bullock to become global head of its private label division 31 January - The Sydney Futures Exchange (SFE) and the Hong Kong Exchange and Clearing (HKEx) have formed a strategic alliance to develop a range of new derivatives trading and clearing services for the Asia Pacific exchange-traded and over-the-counter market-places 30 January - The Frankfurt-based European Energy Exchange (EEX) will launch electricity futures trading on March 1. This is likely to make it the first German power exchange to offer derivatives trading 29 January - Patsystems, the electronic trading systems provider, has upgraded its service to include access to the London and German stock exchanges in an attempt to boost its coverage of European equities and derivatives 29 January - US software developer NovaPlex Technologies has launched a new online FX trading system for spot, forwards and options foreign exchange trading, called NovaPlex Trading Network (FX Edition) 29 January - The second largest US options exchange, American Stock Exchange (Amex), has elected four members to its board of governors, including Thomas Sheridan, managing director of global equity derivatives at Salomon Smith Barney. Sheridan replaces Goldman Sachs' Leslie Tortora To read more now, click http://www.risknews.net ******************************************************************* NEW! A new market demands a new magazine. Telecoms Capacity provides unique coverage and essential information for the rapidly expanding bandwidth, minutes, IP packets and wireless sectors. Click http://www.TelecomsCapacity.com for your FREE copy of the launch issue. =================================================================== People - 02/02/2001 =================================================================== 2 February - The Nasdaq Stock Exchange has appointed Hardwick Simons to take over the chief executive officer role previously held by Frank Zarb, with immediate effect 2 February - The Singapore Exchange (SGX) has made two new hires to head its derivatives clearing and securities trading divisions 1 February - Laurent Weinberger, a broker on the new issues desk at London-based brokers Tullet & Tokyo Liberty until last May, this week initiated a racial discrimination and unfair dismissal case against his former employer 1 February - Bank of America has expanded its global derivatives group in Europe, naming senior hires for its structured securities and quantitative research teams 31 January - Commerzbank Securities has named seven new hires to join its derivatives and fixed-income team in New York as part of an aggressive drive into the North American market 31 January - Daniel Rappaport, chairman of the New York Mercantile Exchange will not seek re-election for a fifth term, ending eight years heading the derivatives exchange 31 January - Morgan Stanley Capital International has hired Michel Serieyssol from Bear Stearns to become global head of its hedge fund index business To read more now, click http://www.risknews.net ******************************************************************* The Risk Awards 2001 will be presented at "Risk 2001 Europe" - Risk's 6th annual European derivatives & risk management congress to be held in Paris, April. Click here for the event details: http://www.risk-conferences.com/risk2001euro The Risk Awards 2001 are available from www.risk.net/risk2001 ================================================================== Events - 02/02/2001 =================================================================== Events Last week to book ... OPRISK 2001 New York February 8 & 9 2001 The first conference to bring together leading experts to discuss the revised Basle consultation paper in depth. OpRisk provides the opportunity for all involved in operational and operations risk to learn how those at the forefront of management and measurement techniques have addressed the current industry challenges. Experts from the world's leading financial institutions, leading academics and solution providers will detail the approaches that can be utilised or adapted within your operational risk management environment. ONLY A FEW PLACES LEFT. For further information or to reserve your place visit http://www.risk-conferences.com/oprisk2001 or call +44 (0)20 7484 9898 Other conferences coming soon ...... http://www.risk-conferences.com Dealing with Technology 2001, New York (Feb), click http://www.waters-conferences.com/dealing.htm Risk 2001 Europe - Paris 10 & 11 April 2001 Other training courses coming soon ...... http://www.risktraining.com Practical applications of Advanced Stress Testing - for integrated risk measurement and management - London 5 & 6 February 2001 / New York 12 & 13 February 2001 Advanced Credit Risk Measurement and Modelling Techniques for effective portfolio credit risk management - New York 8 & 9 February 2001 / London 15 & 16 February 2001 =================================================================== All of Risk Waters Group online services can be accessed through http://www.riskwaters.com ______________________________________________________________________ To unsubscribe, write to [email protected]
Krishna, Niclas introduces himself as an associate in the Research Group. I think we should clarify his status. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/15/2000 05:53 PM --------------------------- "Michael SCHILMOELLER" <[email protected]> on 08/15/2000 11:08:06 AM To: NOTES:Niclas.Egmar@ENRON cc: [email protected], [email protected], [email protected] Subject: Re: Info help. Hi Niclas, I am in the middle of preparing some presentations right now, so it might be more productive to speak by phone (503-464-8430). Please leave your number, if you get my voicemail. To get you started, you might see if you can get access to the FERC GADS database of plant forced and planned availability. It seems others in Research have asked about this, so you may already have this at your disposal. The EIA has a good electronic database of plant FOR and POR available for free (http://www.nerc.com/~esd/). I know Alexios in RE/EES has this. If you wanted to do it the hard way, you can also ask Jaison to access the EPA's CEMS data he has summarized on a machine there in Research. It contains hourly plant operation for every unit over about 50MW, which you could aggregate up. The WSCC 10-year forecast of new plant construction and loads is a good place to start for plant construction information, but suffers from some notorious "self-reporting" error. It is available in pdf form from the web site http://www.wscc.com/. Other sources that should be more near-term, but more accurate are the CEC inventory of plants (http://www.energy.ca.gov/) and the BPA Whitebook (http://www.transmission.bpa.gov). As far as basic economic data is concerned, you can either rely on the reported utility forecasts for loads, or you can go to fundamental data. The ultimate source of the census data collected by the US Dept of Commerce, which you can buy on CDROM for cheap. It would have this kind of information by SIC code, by ZIP code. You may also have access to one of the economic forecasting businesses (Wharton's WEFA, DRI, etc.) They have this in highly digested and complete form. BTW, Tim Heizenrader, who runs Fundamental Analysis and Research on the West Desk, is a sharp cookie and should have all this under control. Is your client aware of this resource? Give me a buzz and we can talk more, Michael >>> Niclas Egmar/HOU/EES@ENRON 08/14/00 12:49PM >>> Michael, I'm an analyst in the research group. I would like your help with finding some information specific for the West Coast. A new analyst on the West Power desk needs information on planned outages and planned new generation. He is studying the long-term fundamentals of electricity volatility on the West Coastso so he also needs info on housing starts, computer sales or industrial production figures for computer manufacturing, growth of start-up companies, and population stats. Any help in finding the needed info would be greatly appreciated. Contact me or Daniel Kang (new analyst). Niclas - TEXT.htm
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000 07:53 AM --------------------------- [email protected] on 01/30/2000 03:46:44 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: (no subject) - ED_c07_fwd_curve_models.doc
Alison, I recommended inviting Duane Seppi and Steven Shreve. I would also invite Brian Routledge. I don't know him but heard many good things about him. Kevin Kindall may have other recommendations. Vince Enron North America Corp. From: Mary Alison Bailey 09/08/2000 05:04 PM To: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Kevin Kuykendall/HOU/ECT@ECT, Kevin Kuykendall/HOU/ECT@ECT cc: Kristin Gandy/NA/Enron@Enron Subject: Faculty Lunch Kristin had said she was interested in a faculty lunch, and Kevin said he would host it. Are there any professors you would recommend be invited? Here is a list of Finance Faculty: Robert Dammon [email protected] 412.268.3696 Richard Green [email protected] 412.268.2302 David Heath [email protected] 412.268.2545 Christine Parlour [email protected] 412.268.5806 Brian Routledge [email protected] 412.268.7588 Duane Seppi [email protected] 412.268.2298 Steven Shreve [email protected] 412.268.8484 Chester Spatt [email protected] 412.268.8834 Christopher Telmer [email protected] 412.268.8838 Stanley Zin [email protected] 412.268.3700 *
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000 07:48 AM --------------------------- RealPlayer News <[email protected]> on 05/22/2000 12:25:49 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: FREE *A Better and Quicker Way to Use the Web!* ++++++++++++++++++++++++++++++++++++++++++++ To unsubscribe from this email, please read the information at the end of this message. ++++++++++++++++++++++++++++++++++++++++++++ Dear RealPlayer User, Let's say you have only five minutes to do the following: Check your online calendar, add something to a to-do list, send an instant message, check how your stocks are doing, and catch up on today's top news headlines. Five minutes? Are we crazy? Nope. With the free Personal Desktop Portal by InfoSpace, your life will become that much more convenient and fun. The Personal Desktop Portal gives you easy, free, and immediate access to all the things that are most important to you: Instant messaging, calendar, address book, speedy search tools, to-do lists, parental control as well as personalized news headlines, weather reports, sports scores, stock quotes, and lottery numbers. And the best part is that all of these tools are at your fingertips in a single easy-to-use toolbar on your desktop. Download InfoSpace's Personal Desktop Portal today: http://proforma.real.com/insp4/[email protected] THE NITTY GRITTY -Free: Yes, the Personal Desktop Portal is free! You won't pay a penny to use it. You'll even have access to a free Internet service provider. -Easy: Easy to get going and use. Simply click the Web address above and the download begins. (The file you are downloading is especially small, making for a super quick download.) When you have completed downloading and installing the Personal Desktop Portal, click "Create New User Name" to log in and set up your preferences. Simple as that! -Centralized: Everything you need, all in one place. No need to have many separate software applications or go to several different Web pages to send an instant message, chat, look up stock quotes, see scrolling updated information and more. It's all right on your desktop and at your fingertips! -Personalized: Don't want a bunch of extra information that you'll never need? The Personal Desktop Portal allows you to specify what you do and don't want to see. It's all about you. Download InfoSpace's Personal Desktop Portal today: http://proforma.real.com/insp4/[email protected] Thanks for your time and have a great spring! The Team at RealNetworks Seattle, WA +++++++++++++++++++++++++++++++++++++++++++++ ABOUT THIS E-MAIL You are receiving this email because you downloaded our RealPlayer(R) and indicated a preference to receive product news, updates and special offers from RealNetworks(R). To remove your name from future email communications, simply visit the following URL and click on the Remove button: ==> http://ml.real.com/mlr/[email protected] ++++++++++++++++++++++++++++++++++++++++++++++ RealNetworks respects your right to privacy online. Your e-mail address will never be shared with a third party without your consent. Our privacy statement, which has been reviewed by TRUSTe, is available at: http://www.realnetworks.com/company/privacy/index.html ++++++++++++++++++++++++++++++++++++++++++++++ RealNetworks(R), Real.com(TM), and RealPlayer(R) are trademarks or registered trademarks of RealNetworks, Inc. Names of third-party companies or products listed herein are trademarks or registered trademarks of their respective owners.
Oliver, I apologize for the delay. I was traveling over the last few weeks. Please, feel free to edit my bullet points. I shall be back in the office on Friday afternoon. In the meantime you can reach me on my cell phone: 713 410 5396 My name: Vince Kaminski (not kaminsky) Managing Director Enron Corp. The Challenge of Valuation of Energy Related Derivatives - Modeling the dynamics of energy prices - Incomplete markets - Complexity of the energy related contracts - embedded options - multiple layers if optionality Vince Kaminski "Oliver Bennett" <[email protected]> on 01/24/2000 08:12:16 AM Please respond to "Oliver Bennett" <[email protected]> To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Risk 2000 - Boston Dear Vince, I apologise for sending another email. I was wondering if you could confirm your talk title (plus some bullet points) for your presentation at our Annual US Congress. I have attached a condensed programme for the event - you are speaking on stream three, part of the new research in derivatives modelling and analysis section. Unfortunately we are printing the brochure at the end of the week and will need these details by thursday 27 January. Best regards, Oliver Direct: +44 171 484 9880 Risk Publications, 28-29 Haymarket, London SW1Y 4RX Fax: +44 171 484 9800 Email: [email protected] www.riskpublications.com - att1.htm - condensed.doc
Outlook Migration Team@ENRON 05/04/2001 03:26 PM To: Alex Huang/Corp/Enron@ENRON, Amitava Dhar/Corp/Enron@ENRON, Anita DuPont/NA/Enron@ENRON, Bob Lee/NA/Enron@Enron, Chonawee Supatgiat/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Jaesoo Lew/NA/Enron@ENRON, Jason Sokolov/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Kate Lucas/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, Lance Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Martin Lin/HOU/ECT@ECT, Maureen Raymond/LON/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Paulo Issler/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Rakesh Bharati/NA/Enron@Enron, Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sevil Yaman/Corp/Enron@Enron, Shirley Crenshaw/HOU/ECT@ECT, Sofya Tamarchenko/NA/Enron@Enron, Stinson Gibner/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Tom Barkley/NA/Enron@Enron, Tom Halliburton/Corp/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, William Smith/Corp/Enron@Enron, Youyi Feng/NA/Enron@Enron, Zimin Lu/HOU/ECT@ECT, Alan Muntz/NPNG/Enron@ENRON, Anita Swanson/NPNG/Enron@ENRON, Bambi Heckerman/NPNG/Enron@ENRON, Christopher Burns/NPNG/Enron@ENRON, Darla Steffes/NPNG/Enron@ENRON, Geneva Patterson/NPNG/Enron@ENRON, Jerry Boston/NPNG/Enron@ENRON, Jody Warner/NPNG/Enron@ENRON, John Freeman/NPNG/Enron@ENRON, Judith Weakly/NPNG/Enron@ENRON, Laurie Willemyns/NPNG/Enron@ENRON, Leon Schneider/NPNG/Enron@ENRON, Loren Charbonneau/NPNG/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Scott Coburn/NPNG/Enron@ENRON, Alliece Morris/OTS/Enron@ENRON, ETSWEB@Enron, Joe Zhou/FGT/Enron@Enron, LaDonna Dervin/OTS/Enron@ENRON, Larry Hill/FGT/Enron@ENRON, Max Brown/OTS/Enron@ENRON, Patty Hermanek/FGT/Enron@ENRON, Peter Lu/ET&S/Enron@Enron, Randy Cantrell/GCO/Enron@ENRON, Richard Abramowicz/ET&S/Enron@ENRON, Rick Craig/OTS/Enron@ENRON, Robert Fugel/ET&S/Enron@ENRON, Tina Dunnaway/FGT/Enron@ENRON, Wendy Koh/ET&S/Enron@ENRON, Anne Bike/Corp/Enron@Enron, Barry Tycholiz/NA/Enron@ENRON, Carli Smith/NA/Enron@Enron, Doug Fletcher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jacquelyn Matthews/NA/Enron@Enron, Janelle Russell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, JoAnne Smith/Corp/Enron@Enron, Kayla Bruzzese/NA/Enron@Enron, Michael J Beyer/HOU/ECT@ECT, Michael J Miller/Enron Communications@Enron Communications, Michelle Lincoln/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Shelly Jones/HOU/ECT@ECT, Susan Huston/HR/Corp/Enron@ENRON, Zachary Sampson/NA/Enron@ENRON, Alison Smith/NYC/MGUSA@MGUSA, Bernie Penner/NYC/MGUSA@MGUSA, Janet Vala-Terry/NYC/MGUSA@MGUSA, Lilia Penagos/NYC/MGUSA@MGUSA, Patricia Benington/NYC/MGUSA@MGUSA, Jack Netek/Enron Communications@Enron Communications cc: Subject: 2- SURVEY/INFORMATION EMAIL 5-7-01 Current Notes User: To ensure that you experience a successful migration from Notes to Outlook, it is necessary to gather individual user information prior to your date of migration. Please take a few minutes to completely fill out the following survey. When you finish, simply click on the 'Reply' button then hit 'Send' Your survey will automatically be sent to the Outlook 2000 Migration Mailbox. Thank you. Outlook 2000 Migration Team ------------------------------------------------------------------------------ -------------------------------------------------------------- Full Name: Vince J Kaminski Login ID: vkamins Extension: 3-3848 Office Location: EB1962 What type of computer do you have? (Desktop, Laptop, Both) Desktop, Laptop Do you have a PDA? If yes, what type do you have: (None, IPAQ, Palm Pilot, Jornada) Palm Pilot Do you have permission to access anyone's Email/Calendar? NO If yes, who? Does anyone have permission to access your Email/Calendar? Shirley Crenshaw, Anita DuPont If yes, who? Are you responsible for updating anyone else's address book? NO If yes, who? Is anyone else responsible for updating your address book? NO If yes, who? Do you have access to a shared calendar? NO If yes, which shared calendar? Do you have any Distribution Groups that Messaging maintains for you (for mass mailings)? NO If yes, please list here: Please list all Notes databases applications that you currently use: In our efforts to plan the exact date/time of your migration, we also will need to know: What are your normal work hours? From: 7:30 To: 6:30 Will you be out of the office in the near future for vacation, leave, etc? NO If so, when? From (MM/DD/YY): To (MM/DD/YY):
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/19/2001 06:27 PM --------------------------- "Jacek KACA" <[email protected]> on 02/18/2001 10:41:37 AM Please respond to "Jacek KACA" <[email protected]> To: <[email protected]> cc: Subject: AIESEC Dzien Dobry, Nazywam sie Jacek Kaca, jestem czlonkiem stowarzyszenia AIESEC przy Szkole Glownej Handlowej. W tym roku obchodzimy 30-lecie istnienia naszego Komitetu Lokalnego (a przez to rowniez calego AIESEC Polska). Probujemy z tej okazji odswiezyc baze danych bylych czlonkow naszego Komitetu, tak aby jak najwiecej z nich moglo byc obecnych na nieoficjalnym spotkaniu organizowanym przez nas w maju. W zwiazku z tym mam do Pana ogromna prosbe. Bylibysmy bardzo wdzieczni gdyby mogl Pan podac informacje, ktore umozliwilyby nam skontaktowanie innych Alumni AIESEC SGH, z ktorymi Pan utrzymuje kontakt, badz przynajmniej wie, gdzie moglbym czesc z nich sprobowac poszukac. Chcielibysmy rowniez wiedziec w jaki sposob funkcjonowal AIESEC podczas Pana dzialalnosci. Moj adres e-mail: [email protected] Mam rowniez druga prosbe. Poszukujemy wszelkich pamiatek zwiazanych z naszym stowarzyszeniem, szczegolnie chodzi nam o zdjecia z 30 lat dzialalnosci. Chcielibysmy uzyskac ich jak najwieksza ilosc w zwiazku z urzadzaniem okolicznosciowej wystawy oraz sporzadzic ich dokumentacje celem zbudowania archiwum Stowarzyszenia. Czy jest Pan w posiadaniu takich zdjec i czy moglby je Pan przeslac nam droga elektroniczna? Serdecznie rowniez zapraszam Pana na spotkanie Alumni AIESEC SGH, ktore odbedzie sie w maju. Obecnosc Pana - jako historycznie pierwszego Wiceprezydenta Komitetu Lokalnego i Prezydenta Komitetu Narodowego - znaczaca prezyczyni sie do podniesienia rangi tego wydarzenia. Z powazaniem, Jacek Kaca AIESEC Polska Komitet Lokalny SGH
Ted, We have the first running version of VaR model for the MG positions. Many thanks to Tanya and Anjam for taking lead in this effort. We had also great help from Cantekin and Kirstee. We want to validate some inputs before releasing the number. Specifically, I want to make sure that both London and Houston work with the same position numbers every day to avoid confusion. A few comments. 1. We plan to set up the models to run VaR concurrently in Houston (Cantekin) and London (Kirstee) with the same inputs. The reason to do it this way is that we may have to respond quickly to multiple inquiries in both locations. (Cantekin and Kirstee, please stay in touch and synchronize the inputs ). 2. It is critical that we run the model daily and receive the updated positions and prices on a regular basis. 3. We shall continue work in Houston to improve the model. Two critical areas: a. VaR model, by its nature, does not capture one big risk MG has in its portfolios. This is the liquidity risk resulting from different cash consequences of the hedges and the underlying positions. b. We should go through due diligence to validate the process generating the position numbers (i.e. look into the details of specific transactions). From what I know, MG has a fairly rudimentary risk management system and I am not quite sure how they generate option prices (and deltas). They get some option prices by calling brokers. 4. I think the current VaR is within 80-85% of the true number (assuming the inputs are right). But, as I have said, VaR does not capture all the risks that we have to worry about. Vince
Ryszard Domanski Zgrupowania Zmija 23 m. 22 Warszawa Wyzsza Szkola Handlu i Finansow Miedzynarodowych 03-972 Warszawa, Alzacka 15a Phone : 011 48 22 639 7907 (h) 011 48 601 302 714 (c) Fax : 011 48 22 616 2920 E-mail:[email protected] [email protected]
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/24/2000 04:11 PM --------------------------- Enron Investment Partners From: Mark Lay 08/22/2000 10:35 AM To: Vince J Kaminski/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT cc: Subject: Seeking Intelligent Insight It looks to me like the market for distributed computing will displace heavy iron within the next several years. The structure is still very early in its development, but I think there will be commercial opportunities for Enron in bandwidth and electricity. I would be interested to know what issues you two would see as the greatest hinderences and possibilities for these markets. If you would like, please feel free to comment on the attached documents. Thanks, Mark
John, My mailing address is: Vince Kaminski Enron Corp. 1400 Smith Room EB 1962 Houston, TX 77002 Thanks for remembering about me. Vince "John H Herbert" <[email protected]> on 12/04/2000 07:09:55 AM To: "Vince J Kaminski" <[email protected]> cc: Subject: Reprint Available "Alliance Gas Pipeline: Early, Late, or Just in Time? A story of big gambles, big assumptions, and spark spreads turned upside down" by John H. Herbert, published in the November 15, 2000 issue of Public Utilities Fortnightly (PUF). This article which contains five figures and is on the long side for PUF also covers market issues that go beyond Alliance. If you like to receive a reprint please send me your address. Best regards, JHHerbert 703-532-4544 (phone) 603-719-6675 2929 Rosemary Lane Falls Church, Virginia 22042
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2000 03:02 PM --------------------------- Zimin Lu 03/31/2000 01:45 PM To: Vince J Kaminski/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT cc: Subject: UK Swap RPI Model ---------------------- Forwarded by Zimin Lu/HOU/ECT on 03/31/2000 01:44 PM --------------------------- Martina Angelova 03/22/2000 02:59 PM To: Zimin Lu/HOU/ECT@ECT cc: Anjam Ahmad/LON/ECT@ECT, Trena McFarland/LON/ECT@ECT Subject: UK Swap RPI Model Hi Zimin! Please find attached the RPI model I developed by bootstrapping RPI swaps. The structure of this particular swap is: semi/semi Act/365F > > YOYUKRPI = (UKRPI(p-2)/UKRPI(p-14) - 1)/2 > p = payment month > The first payment is the latest known historical RPI, February 2000. You will notice that I have assumed constant cashflows between the quoted years (as opposed to interpolating swaps which distorts the curve a lot). Please find below a graphic comparison between the RPI curve produced by swaps and the one produced by the GILT market. Looking forward to your comments. Best regards, Martina x34327
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001 09:40 AM --------------------------- Mark Kierlanczyk <[email protected]> on 01/22/2001 10:05:49 AM To: "'[email protected]'" <[email protected]> cc: Subject: Witaj Wicku! Domyslam sie,ze jestes bardzo zajety wiec pomyslalem, ze dobrze bedzie sie Tobie przypomniec. Pamietam, ze masz byc w NY 13 lutego - mozemy juz teraz sie umowicna konkretna pore dnia ale byc moze zobaczymy sie wczesniej. Do milego - Marek
Margaret, I have an economist in my group and asked her if she feels qualified to make a presentation on this topic. I shall keep you posted. I think It would help Enron to oblige. Vince Margaret Carson@ENRON 02/16/2000 02:24 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Speakers for a CEO Meeting with NEBRASKA Governor Johanns Vince, I could work up a talk on everything they are looking for except the area of energy impacts on agri-customers...does ENA have some specialist that look at this slice of the energy marke that could help me respondt? Thanks Margaret ---------------------- Forwarded by Margaret Carson/Corp/Enron on 02/16/2000 02:21 PM --------------------------- Beth Jensen 02/16/2000 01:19 PM To: Margaret Carson/Corp/Enron@ENRON cc: Rob Wilson/ET&S/Enron@ENRON, Larry DeRoin/NPNG/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Beth Jensen/NPNG/Enron@ENRON Subject: Speakers for a CEO Meeting with Governor Johanns Hello Margaret. We are looking for a speaker for a meeting that is being arranged with Nebraska Governor Johanns during the first week in April. The potential topic is a national perspective on pricing pressures/trends on natural gas, electricity and oil and their impact on agricultural production costs, as well as types of risk managment tools that are being used to offset the price fluctuations. Do you know of anyone, either within the Corporation or outside, who would be available to travel to Omaha to make this presentation? I would appreciate any assistance that you could provide, Margaret. Thanks, beth jensen
Shirley, No problem. Please, coordinate with Kevin and Anita. Vince Shirley Crenshaw 09/06/2000 03:30 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Vacation Vince: I would like to take next Wednesday, the 13th as a vacation day, if it is alright. You will not be here. Thanks! Shirley
FYI Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/10/2000 01:26 PM --------------------------- From: Richard Reichardt@ENRON COMMUNICATIONS on 10/10/2000 12:30 PM To: Mike McConnell/HOU/ECT@ECT cc: Larry Lawyer/Enron Communications@Enron Communications, Tom Gros/Enron Communications@Enron Communications, Vince J Kaminski/HOU/ECT@ECT, Kevin Garland/Enron Communications@Enron Communications, Richard DiMichele/Enron Communications@Enron Communications, Ken Rice/Enron Communications@Enron Communications Subject: Seismic Data on Oil & Gas field Development via Satellite Mike, Using NASA satellite transmission of maritime data and establishing a Houston Data Center to consolidate and centrally process 3D seismic data surveys for oil and gas extraction, exploration and development could save the petroleum industry more than $300 million dollars annually through reduced operational expenses. Added value in shortening the time to process and deliver the finished surveys should generate more than $26 million per site (based upon $15/barrel for average oil well production to market 30 days sooner)in revenue. By re-selling this data to market analysts or by internally using this data for forecasting future oil/gas production Enron could increase the accuracy of forecasting reserves and production capabilities globally. By holding the data as exclusive (or partially exclusive), Enron would have a significant market advantage in futures pricing for oil and gas.(Vince's team is quantifying the valuation of this information) Attached please find an updated version of the business case for seismic data transfer via satellite, by a geophysicist at SpaceData - William K. Aylor, calculated using $22/barrel oil. Based upon your availability, Jon Adler and I would like to make a presentation to you (or your designated representative) on the Enron potential of this opportunity, sometime next week (17-20 October). - SDT Business Case4.pdf V.R., Richard Reichardt Enron Broadband Services (713)-345-8377 (Office) (713)-907-3767 (Mobile) 1400 Smith Street, Suite EB 4364 Houston, Texas 77002
Stinson, Who is handling this software? Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2001 08:31 AM --------------------------- "Michelle Mendoza" <[email protected]> on 01/26/2001 02:33:14 PM To: <[email protected]> cc: Subject: FEA announces the release of @ENERGY 2.0 January 26, 2001 Vince Kaminski Enron North America Corp. 1400 Smith Street 30th Floor, Rm. 3036B Houston, TX 77251-1188 1 713-853-3848 Dear Vince Kaminski, This is to inform you of the release of @ENERGY 2.0. FTP download instructions are available immediately. The download instructions are included at the end of this email. Your CD's and manuals will be shipped to you within 2 weeks. Please see below for more information regarding this new release. Please confirm that you are the correct recipient for this shipment and your address above is correct by clicking reply and send. If any changes need to be made, please make the changes above and reply. **WARNING: PLEASE NOTE THAT IF YOU DID NOT RECEIVED A LICENSE KEY FOR @ENERGY AFTER JUNE 2000, YOU WILL NEED TO CONTACT [email protected] OR CALL 510.548.6200 TO OBTAIN A NEW LICENSE KEY TO ENABLE THE NEW VERSION.** **Swing users: @ENERGY/Swing now replaces the "SWING" product. See the @ENERGY user manual for a discussion of the changes. Contact FEA for the necessary license keys. You will be able to run both the new and old SWING simultaneously. Heres an overview of the new and changed features since version 1.6: @ENERGY (Forward Curve) Jump parameters are now calibrated for use in other @ENERGY functions. Inputs and outputs to POWERCALIB and COMCALIB have changed. See the corresponding function syntax in the User Guide for additional information. 35-40% speed improvement. The module is now out of beta. @ENERGY (Basics) Different interpolation schemes on forward prices are now supported. If you use INDEXSWAP , EXOTICSWAP, or OPTINDEXSWAP with floating price linked to a series of futures dates, such futures dates need not be close to dates specified in the forward curve input. A new utility function, PATHUTIL, allows you to simulate and visualize price paths consistent with the models supported by @ENERGY. 25-30% speed improvement. @ENERGY (Advanced) Different interpolation schemes on forward prices are now supported. If you use OPTDIFFSWAP or DIFFSWAP with floating price linked to a series of futures dates, such futures dates need not be close to dates specified in the forward curve input. CALSPREADOPT now allows for the specification of two different mean reversion rates. 30-35% speed improvement. @ENERGY (Swing) SWINGOPT and STRIPSWINGOPT now allow for valuation of swing straddle contracts with overall load constraints. 65-70% speed improvement. The module is now out of beta. @ENERGY (Weather) 30-35% speed improvement. If you have any questions please feel free to contact us. We appreciate this opportunity to be of continuing service to Enron North America Corp.. Regards, Michelle Mendoza [email protected] +1-510-548-6200 Financial Engineering Associates, Inc. (FEA) **************************************************************************** ***************************** To download @ENERGY 2.0 via FTP, follow the following instructions: NOTE: Using EXPLORER leads to unpredictable results, so we suggest using NETSCAPE or a DOS shell. USING NETSCAPE: In the Location box type: ftp://[email protected] Password: 2rbzxgv5 energy-2.0-win32.exe is for Windows 95/98/2000/NT. Download and run on a local drive. USING A DOS SHELL: At a DOS prompt type: ftp ftp.fea.com User: energy Password: 2rbzxgv5 Type "binary" and hit 'return'. Type "ls" for a list of available files. Type "get" energy-2.0-win32.exe and and wait for the ftp> prompt. Type "quit". The file will be downloaded into the directory at which you entered the ftp site. Double click on the exe and follow the instructions on the screen.
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/02/2001 10:24 AM --------------------------- Vasant Shanbhogue 04/02/2001 08:54 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Re: Newsletter Slightly edited version for small typo.
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/01/2000 04:27 PM --------------------------- [email protected] on 01/31/2000 02:50:22 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Many Dear Vince, 1.Thanks for the beautiful"parchemin" 2.I am glad I bought some Enron shares after meeting Mr Skilling last April with Bob Merton 3.After a terrible month of January,we may have found a possible route to improve my son's health 4.We have added to our software forward start plain- vanilla and Asian options,caps,floors(consistently with the Asian options and swaptions);a whole variety of swings of different specifications. I really believe it is quite good(in particular the consistent modelling of forward &Futures price moves) I am putting a new brochure in the mail for you and would be delighted if you decided to use part of it (or the totality!)as a comparison with your own results. Kind regards Helyette Helyette Geman,PhD,PhD Professor of Finance
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/26/2001 10:50 AM --------------------------- "Btu" <[email protected]> on 02/23/2001 04:31:00 PM To: "Btu's Weekly Power Report" <> cc: Subject: Btu's Weekly Power Report Attached is the latest issue of Btu's Weekly Power Report e-mail: [email protected] phone: 732-758-8222 fax: 732-758-8286 - wp022601.pdf
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/26/2000 09:12 AM --------------------------- Pinnamaneni Krishnarao 07/25/2000 05:33 PM To: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT cc: Subject: Agenda for offsite (Breckenridge) EES Research - Agenda: Structuring Models: Development of next-generation of Pricing and Structuring models for different types of transactions: discuss priorities and issues. Optimization Models: Identify business needs and opportunities for applying optimization methods to create value in total energy outsource deals. Credit Risk and Value@Risk Support for EES: Discuss support personnel issues and approaches for measuring these risks for EES deals given the uncertainties in energy consumption and the real options embedded in the outsource contracts.
Shirley, Most recent org chart. As you can see Li Sun is reporting to Kevin Kindall. Vince
Sam, We shall go with Sharad for next Monday. Vince Enron North America Corp. From: William Smith @ ENRON 11/09/2000 01:18 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Re: Newsletter update Thank YOU! I appreciate your gentle arm-twisting at the meeting. I've already talked with Sharad, and he has agreed to do a bio piece for Monday. Kate and that other new person ( whose name escapes me) will give us another three weeks. Was it Alex who possibly had a Technical Corner article, or was that Sharad, too? Sam Vince J Kaminski@ECT 11/09/2000 01:15 PM To: William Smith/Corp/Enron@ENRON cc: Subject: Re: Newsletter update Sam, Thanks for forward thinking. What about a new asscoiate Kate Lucas or Sharad? I shall beat on people (or myself) to produce Enron North America Corp. From: William Smith @ ENRON 11/09/2000 07:58 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Newsletter update Good Morning, Vince! After going over our department list, I believe that, with the exception of a part-timer or two, we have covered everybody in the newsletter. If we have recently hired someone who might not be on the list, would you please let me know? Also, if you have a good article from someone that we can use for a Technical Corner, we will need that, too. I'm going to put out a general call for TC material today. Hopefully, we will get several things we can use for the coming weeks. Sam
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/30/2000 02:50 PM --------------------------- "Lucie Deathridge" <[email protected]> on 06/23/2000 04:35:38 PM Please respond to "Lucie Deathridge" <[email protected]> To: "Vince J Kaminski" <[email protected]> cc: Subject: Re: Australian Energy Risk 2000 I have made some arrangements with our printer in Sydney and I am able to send presentations to them, up until and including Thursday 29 June. Please send me your presentation by return, or let me know when I will be receiving it. could you also forward me you current biography. Many thanks Lucie -----Original Message----- From: Vince J Kaminski <[email protected]> To: Lucie Deathridge <[email protected]> Cc: Vince J Kaminski <[email protected]> Date: 25 May 2000 14:33 Subject: Re: Australian Energy Risk 2000 > > >Lucie, > >Yes, I have received the package. > >Vince > > > > > >"Lucie Deathridge" <[email protected]> on 05/24/2000 05:31:09 PM > >Please respond to "Lucie Deathridge" <[email protected]> > >To: <[email protected]> >cc: >Subject: Australian Energy Risk 2000 > > > > >Thank you for agreeing to speak at the Australian Energy Risk 2000 conference >in Sydney in July. Last week I sent a speaker pack to you. I would be grateful >if you would confirm receipt of this by return of email. In the event that you >have not received it please let me know IMMEDIATELY and send me your full >contact details. I am the co-ordinator of this conference and please do not >hesitate to contact me if you have any queries. > >Regards >Lucie Deathridge >Conference Co-ordinator >Risk Publications > >Tel: (+44) (0207) 484 9867 > > > > > > > >
Osman, Vasant is setting up a meeting to review the credit models with EES. Please, call-in or attend when the meeting is set. Vince Osman Sezgen@EES 01/15/2001 02:49 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: I will miss the Tuesday Staff Meeting Vince, I will not be able to attend the meeting. Here are some updates: 1) I left a message to George Posey, I will follow up tomorrow (Tuesday), 2) I will follow up on the Credit Reserve issue ASAP, I will find out what the present state of the models are and come up with modification requirements to accomodate asset related projects. 3) This week I will need to spend much of my time in meeting with the breakthrough folks. They are at a stage where our contribution is being defined and specifies ( curves, components, etc.). If you would like to contact me urgently, please leave a phone message instead of e-mail-- I will be checking my phone messages more frequently. 4) We have a VAR meeting with RAC on EAM issues Wednesday at 1pm. 5) Other issues are covered in my project list. Regards, Osman
Shirley, Do we still have some copies left? Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/28/2000 08:19 AM --------------------------- Gopalakrishnan Subramaniam@ENRON_DEVELOPMENT 02/25/2000 11:24 PM Sent by: Subramaniam Gopalakrishnan@ENRON_DEVELOPMENT To: Vince J Kaminski@ECT cc: Subject: Risk Magazine -Enron sponsored issue on Energy Derivatives I have recently come on board as Treasurer ,Enron India . Prior to joining , I was with Reliance Industries , a petrochemical conglomerate in India. The Central banking authorities are now thinking of permitting corporates to hedge their oil and other related risks. I believe the literature published by Risk in collaboration with Enron has come to be considered as an industry standard. Would it be possible to arrange for two copies to be sent across to us . Thanx N Regards G.Subramaniam Treasurer, Enron India Pvt. Ltd. 36 ,Maker Chambers VI, Nariman Point, Mumbai 400 021
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/05/2000 05:30 PM --------------------------- "FT.com" <[email protected]> on 07/04/2000 03:35:56 PM To: "FT.com User":; cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: FT.com Monthly Update Dear FT.com user With more ways to get news on the move and a new ranking of MBA courses, there is much for the business-obsessed on FT.com this month. -------- Contents -------- 1. News by Mobile 2. A new daily summary of the Financial Times 3. Choosing the best MBA 4. People Profiles and Interviews 5. Discussion hot topics 6. Received a file but don't have the software to open it? 7. Revised User Terms and Conditions ----------------- 1. News by Mobile ----------------- Need news on the move? Get news from FT.com on your mobile phone, Palm Pilot or other PDA. You can now choose from: * Customised text messages with industry updates and breaking news alerts (UK Vodafone users only) * Daily FT.com summaries for your handheld computer * Research on-the-go with our new WAP site Sign up or read more at: http://www.ft.com/mobile ---------------------------------------------- 2. A new daily summary of the Financial Times ---------------------------------------------- Can't get to a copy of the Financial Times quickly enough? The new FT in Brief summarises and links to all the top stories from the day's newspaper. FT in brief is listed on the 'from today's FT' section on our home page, or you can link to it from here. http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Collection&cid=IXLC078IH7C ------------------------------------------------------ 3. Choosing the best MBA - FT Interactive MBA rankings ------------------------------------------------------ A unique opportunity to see how global business schools and programmes rate against each other. Criteria range from numbers of international students, to the salaries being earned 3 years after graduation. Select which are important to you and let FT.com recommend your top 5 schools. http://mba.ft.com --------------------------------- 4. People Profiles and Interviews --------------------------------- Who said "You have to make your bets on what will be enduring and what is complete bullshit"?* Find out this, and much more from FT.com's fast-growing collection of people information. People includes dossiers, people on the move, obituaries and our exclusive "lunch with the FT" interviews (this week Princess Hisako of Takamado, last week Kurt Vonnegut). http://people.ft.com/people ------------------------ 5. Discussion hot topics ------------------------ What topics have stirred FT.com users to contribute their opinions? Microsoft? Mexico's election? Wimbledon? To find out the hottest topics daily visit: http://forum.ft.com/cgi-bin/fintimes/search.cgi?action=getdaily ---------------------------------------------------------- 6. Received a file but don't have the software to open it? ---------------------------------------------------------- FT.com's free e-mail and task management program - Personal Office - now contains a built in file viewer - the 'FT Viewer'. It enables you to open virtually any attachment, regardless of whether you have the associated application installed on your PC. For more information visit: http://www.ft.com/personaloffice/newfeatures ------------------------------------ 7. Revised User Terms and Conditions ------------------------------------ We have revised our user terms and conditions to take into account our new WAP service. To review these terms and conditions: http://globalelements.ft.com/Common/TermsAndConditions/terms.html For details about FT.com's new WAP service: http://www.ft.com/mobile/ Regards, FT.com *this quote was from Marjorie Scardino, CEO Pearson plc. --------------------------------------------------------------- Why not forward this e-mail to a friend or colleague who may find this information useful? If you no longer wish to receive further e-mails from FT.com, please send an e-mail to [email protected] with the single word "unsubscribe" as the subject of the message. Your name will then be removed from our mailing list. If you have forgotten your password for FT.com visit: http://registration.ft.com/registration/passwordLookup.jsp
John, Very interesting, I would make a point that the generation demand is highly volatile and driven to a large extent by weather. Also, the changes in the structure of gas demand require development of different types of storage (more peaking storage). Vince "John H Herbert" <[email protected]> on 06/29/2000 09:22:19 AM To: "Vince J Kaminski" <[email protected]> cc: Subject: Storage story See my storage story that begins on 1. Plus you might find the issue to be of interest. I will be doing little occasionally fee pieces for the Transportation & Storage Report and will be having lunch with them tomorrow so any thoughts you have on my piece or the report would be appreciated. Best regards, JHHerbert - ts06-29.pdf
Lynn, I am forwarding you the resume of a very bright and motivated young man who attended a lecture I gave recently at LSU. I think we should consider him for an analyst position. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2000 08:52 AM --------------------------- "Richard C. Iles" <[email protected]> on 09/14/2000 11:14:56 AM Please respond to "Richard C. Iles" <[email protected]> To: <[email protected]> cc: Subject: Enron Opportunities Dr. Kaminski: ? Here is my resume and cover letter. ? Thanks, ? Richard Iles - Enron Cover and Resume.doc
Gary, I shall stop by in the afternoon. Such a hurricane would bankrupt a few insurance companies. Vince From: Gary Taylor 01/04/2000 09:08 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: interesting weather deal Vince, We're working on a hurricane linked interest rate swap. I'd like 10 minutes of your time to find out your opinion regarding the effect on long and short term interest rates of a category 5 hurricane hitting Miami. I'll explain the deal in more detail to you then. Gary x31511
David, Thanks for your message. You can buy extra 5K of Ginnie Mae Vince
Shirley, No problem. Vince Shirley Crenshaw 08/02/2000 10:57 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Anita DuPont/NA/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT Subject: Vacation Vince: I would like to take Friday, the 4th as a vacation day if it is allright. It is the first tax-free shopping day and I need to take my grandson and buy him school clothes. Thanks Shirley
Norma, Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles Weldon/HOU/ECT@ECT, Yana Kristal/Corp/Enron@ENRON, Praveen Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron, Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth Parkhill/NA/Enron@ENRON I am sending you preliminary rrankings for my entire group, based on the results of a meeting we held on Tuesday. Permanent goup members, manager and below: Superior: 1. Martin Lin 2. Joe Hrgovcic 3. Tom Haliburton 4. Jose Marquez Excellent 1. Paulo Issler 2. Robert Lee 3. Chonawee Supatgiat 4. Amitava Dhar 5. Alex Huang 6. Kevin Kindall 7. Praveen Mellacheruvu 8. Shanhe Green 9. Stephen Bennett Strong 1. Lance Cunningham 2. Clayton Vernon 3. Youyi Feng 4. Yana Kristal 5. Sevil Yaman Permanent goup members, directors: Superior 1. Krishnarao Pinnamaneni Excellent 1. Osman Sezgen 2. Tanya Tamarchenko 3. Zimin Lu Satisfactory 1. Maureen Raymond Associates, analysts Superior 1. Shalesh Ganjoo 2. Gwyn Koepke Excellent 1. Hector Campos 2. Kate Lucas 3. Sun Li 4. Roman Zadorozhny 5. Charles Weldon
I think you buy a SAS Manual, not a Manuel. Vince Kmainski Enron IT Purchasing 08/09/2000 02:12 PM Please respond to Enron IT Purchasing Sent by: Messaging Agent To: Shirley Crenshaw/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT Subject: Confirmation of your order This is an automatic confirmation of the order you have placed using IT Central. Request Number: ECTH-4N2QJB Order For: Amitava Dhar We need to order the latest version of the "SAS" Manuel. Enron IT Purchasing
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/06/2000 03:37 PM --------------------------- Ravi Thuraisingham@ENRON COMMUNICATIONS on 09/06/2000 02:41:12 PM To: Kevin Howard/Enron Communications@Enron Communications, Larry Lawyer/Enron Communications@Enron Communications, Vince Kaminski, Stinson Gibner/HOU/ECT@ECT cc: Subject: FYI: WSJ on bandwidth trading ----- Forwarded by Ravi Thuraisingham/Enron Communications on 09/06/00 02:39 PM ----- Jay Hawthorn 09/06/00 02:04 PM To: Arshak Sarkissian/Enron Communications@Enron Communications, Ben Freeman/Enron Communications@Enron Communications, Bill White/Enron Communications@Enron Communications, David Reinfeld/Enron Communications@Enron Communications, David VanHoose/Enron Communications@Enron Communications, David Walsh/Enron Communications@Enron Communications, Debra Bailey/Enron Communications@Enron Communications, Fred Cohagan/Enron Communications@Enron Communications, Fred Enochs/Enron Communications@Enron Communications, Geoffrey Allen/Enron Communications@Enron Communications, Greg Woulfe/Enron Communications@Enron Communications, Greg Woulfe/Enron Communications@Enron Communications, Husnain Mirza/Enron Communications@Enron Communications, Jim Fallon/Enron Communications@Enron Communications, Joe Edwards/Enron Communications@Enron Communications, John Scarborough/Enron Communications@Enron Communications, Lucy Marshall/Enron Communications@Enron Communications, Mark Santikos/Enron Communications@Enron Communications, Michael Horning/Enron Communications@Enron Communications, Moe Barbarawi/Enron Communications@Enron Communications, Murli Nagwani/Enron Communications@Enron Communications, Neil Carpino/Enron Communications@Enron Communications, Phil Markwart/Enron Communications@Enron Communications, Pravin Jain/Enron Communications@Enron Communications, Ravi Thuraisingham/Enron Communications@Enron Communications, Russell Woody/Enron Communications@Enron Communications, Shalesh Ganjoo/Contractor/Enron Communications@Enron Communications, Steve Crumley/Enron Communications@Enron Communications, Therese Candella/Enron Communications@Enron Communications, Zal Masani/Enron Communications@Enron Communications, Bryan Garrett/Enron Communications@Enron Communications, Carl Livermore/Enron Communications@Enron Communications, Erik Simpson/Enron Communications@Enron Communications, Grant Zimmerman/Enron Communications@Enron Communications, Gunnar Frey/Enron Communications@Enron Communications, Jay Hawthorn/Enron Communications@Enron Communications, Paul Racicot/Enron Communications@Enron Communications, Richard Schneider/Enron Communications@Enron Communications, Roger Estrada/Enron Communications@Enron Communications, Susan Edison/Enron Communications@Enron Communications cc: Subject: Column See attached. -- James F. Hawthorn Enron Broadband Services Global Bandwidth Risk Management +1 713 853 7606 Telephone +1 713 646 8795 Facsimile <mailto:[email protected]> ----- Forwarded by Jay Hawthorn/Enron Communications on 09/06/00 02:09 PM ----- [email protected] 09/06/00 02:00 PM To: Jay Hawthorn/Enron Communications@Enron Communications, Jay Hawthorn/Enron Communications@Enron Communications cc: Subject: Column Jay, Here's the column from Tuesday. The plan is for it to be weekly. Michael Rieke Dow Jones Newswires Houston 713-547-9207 voice 713-547-9234 fax michael.rieke@w <mailto:[email protected]> sj.com - bwcol1.txt
Dale, Congratulations. Well deserved. I am very happy your tremendous contribution to the company has been recognized. Vince
Kevin, I would like to take the class as well. Vince Kevin G Moore 10/31/2000 06:34 AM To: Phillip Daigle/Corp/Enron@Enron, Cedric Belt/Corp/Enron@Enron, Paige Cox/Corp/Enron@Enron, Jose Marquez/Corp/Enron@ENRON, Mike A Roberts/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT Subject: Avistar Training for Vince Kaminski Actually , Mike Roberts , Jose Marquez and myself will need the basics. This will be greatly appreciated. Please get with me on a time whereby I can inform the others. Thanks Kevin Moore ---------------------- Forwarded by Kevin G Moore/HOU/ECT on 10/31/2000 07:28 AM --------------------------- Paige Cox@ENRON 10/30/2000 02:30 PM To: Phillip Daigle/Corp/Enron@Enron cc: Cedric Belt/Corp/Enron@Enron, Kevin G Moore/HOU/ECT@ECT Subject: Avistar Training for Vince Kaminski Philip, Please schedule some time with Kevin Moore (34710) to go up to 3240D and train Vince Kaminski on the Avistar system. Please show Vince and Kevin the basics, and take them the documentation as well. Kevin has left for the afternoon. Please call him in the morning (Tuesday) to schedule a time Thanks Paige
Christie, Feb the 20th is the best time for me. Vince Christie Patrick 01/23/2001 11:29 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Mid-Project Review dates-Enron Hi Vince! The best dates for me are the 16th or the 20th. Please let me know! Thanks! --Christie. ---------------------- Forwarded by Christie Patrick/HOU/ECT on 01/23/2001 11:29 PM --------------------------- FAP <[email protected]> on 01/23/2001 11:46:32 AM To: "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]> cc: FAP <[email protected]> Subject: Mid-Project Review dates-Enron Tiger Hosts: This is a reminder that the deadline for setting up the Mid-Project review dates for your Tiger Team is Friday, Jan 26. The following are the remaining available dates/times. Please let me know what works best for you at your earliest convenience. Monday, Feb 12 4:30-6:30 or 6:30-8:30 Tuesday, Feb 13 4:30-6:30 or 6:30-8:30 Wed., Feb 14 4:30-6:30 or 6:30-8:30 Friday, Feb 16 10:00-12:00 or 6:30-8:30 Tuesday, Feb 20 6:30-8:30 Again, this will be based on a first come-first serve basis. You may come to campus or this can be done by videoconference. If you choose the latter, please provide to me a call-in number for the conference. Any questions, please contact the FAP office. Donna Piazze Program Director Field Application Project The Wharton School Univ. of Pennsylvania 215.573.8394 fax 215.573.5727 [email protected] [email protected]
FYI Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/18/2000 01:38 PM --------------------------- Enron Capital & Trade Resources Corp. - Europe From: Nick Mooney 04/18/2000 12:47 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Re: Video Conference with Ross McIntyre no problem just let me know what phone number to link to if youget the VC Nick
FYI Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/10/2001 03:04 PM --------------------------- Vasant Shanbhogue 04/10/2001 12:44 PM To: Norma Villarreal/HOU/ECT cc: Vince J Kaminski/HOU/ECT@ECT Subject: Sevil Yaman Hi Norma, Sevil's primary project has been the Generation Bidding Analysis for the East Power Desk. She worked closely with the Power Fundamentals group and the IT group in collecting and organizing the data, and then developing the analysis. Sha has focused on the PJM area and plans to expand the analysis to other regions in the East. Sevil has also investigated the issue of Risk Premia in Power Prices compared to Marginal Cost. Vasant
Jeff, I am sending you a draft of the outline of the course on energy derivatives. I would appreciate your comments before I finalize it. By the way, did we agree on the time schedule for the class? Tuesday or Thursday evening would work for me. Vince
Anthony, Thanks for the invitation. What about April 22? I have committed to different speaking engagements, charities, off-sites etc. for all the Saturdays prior to this date. Vince From: Anthony Mends@ENRON COMMUNICATIONS on 03/06/2000 02:18 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Invitation to My House Vince, I hope you are well. Sorry I have not been in touch but I have been swamped trying to build my organization simultaneously as I endeavor to understand EBS and navigate its political terrain. Quite interesting. I shall tell you more later. My wife, Elisabeth and I would love to have you for dinner at our house any Saturday at you convenience. Would please let me know which Saturday would be suitable? We are both looking forward to it so please let me know. Thanks, Tony
Mike, Thanks. Let me talk to McBride about the comp levels. Vince From: Mike A Roberts 12/30/99 06:31 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: SAM Vince--- I had a chance to corner Sam. He says to leave ProStaff he needs $30K --- Mike
Zimin, Thanks. Vince Zimin Lu 01/31/2001 01:10 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Stinson Gibner/HOU/ECT@ECT Subject: Re: FEA announces the release of @ENERGY 2.0 Vince and Stinson, I have successfully downloaded the @energy2.0. I am working with IT to update the license before we can use the software. Zimin Vince J Kaminski 01/31/2001 11:20 AM To: Zimin Lu/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT Subject: FEA announces the release of @ENERGY 2.0 Zimin, Please, take a look at it. I think we should download the update. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2001 11:21 AM --------------------------- "Michelle Mendoza" <[email protected]> on 01/26/2001 02:33:14 PM To: <[email protected]> cc: Subject: FEA announces the release of @ENERGY 2.0 January 26, 2001 Vince Kaminski Enron North America Corp. 1400 Smith Street 30th Floor, Rm. 3036B Houston, TX 77251-1188 1 713-853-3848 Dear Vince Kaminski, This is to inform you of the release of @ENERGY 2.0. FTP download instructions are available immediately. The download instructions are included at the end of this email. Your CD's and manuals will be shipped to you within 2 weeks. Please see below for more information regarding this new release. Please confirm that you are the correct recipient for this shipment and your address above is correct by clicking reply and send. If any changes need to be made, please make the changes above and reply. **WARNING: PLEASE NOTE THAT IF YOU DID NOT RECEIVED A LICENSE KEY FOR @ENERGY AFTER JUNE 2000, YOU WILL NEED TO CONTACT [email protected] OR CALL 510.548.6200 TO OBTAIN A NEW LICENSE KEY TO ENABLE THE NEW VERSION.** **Swing users: @ENERGY/Swing now replaces the "SWING" product. See the @ENERGY user manual for a discussion of the changes. Contact FEA for the necessary license keys. You will be able to run both the new and old SWING simultaneously. Heres an overview of the new and changed features since version 1.6: @ENERGY (Forward Curve) Jump parameters are now calibrated for use in other @ENERGY functions. Inputs and outputs to POWERCALIB and COMCALIB have changed. See the corresponding function syntax in the User Guide for additional information. 35-40% speed improvement. The module is now out of beta. @ENERGY (Basics) Different interpolation schemes on forward prices are now supported. If you use INDEXSWAP , EXOTICSWAP, or OPTINDEXSWAP with floating price linked to a series of futures dates, such futures dates need not be close to dates specified in the forward curve input. A new utility function, PATHUTIL, allows you to simulate and visualize price paths consistent with the models supported by @ENERGY. 25-30% speed improvement. @ENERGY (Advanced) Different interpolation schemes on forward prices are now supported. If you use OPTDIFFSWAP or DIFFSWAP with floating price linked to a series of futures dates, such futures dates need not be close to dates specified in the forward curve input. CALSPREADOPT now allows for the specification of two different mean reversion rates. 30-35% speed improvement. @ENERGY (Swing) SWINGOPT and STRIPSWINGOPT now allow for valuation of swing straddle contracts with overall load constraints. 65-70% speed improvement. The module is now out of beta. @ENERGY (Weather) 30-35% speed improvement. If you have any questions please feel free to contact us. We appreciate this opportunity to be of continuing service to Enron North America Corp.. Regards, Michelle Mendoza [email protected] +1-510-548-6200 Financial Engineering Associates, Inc. (FEA) **************************************************************************** ***************************** To download @ENERGY 2.0 via FTP, follow the following instructions: NOTE: Using EXPLORER leads to unpredictable results, so we suggest using NETSCAPE or a DOS shell. USING NETSCAPE: In the Location box type: ftp://[email protected] Password: 2rbzxgv5 energy-2.0-win32.exe is for Windows 95/98/2000/NT. Download and run on a local drive. USING A DOS SHELL: At a DOS prompt type: ftp ftp.fea.com User: energy Password: 2rbzxgv5 Type "binary" and hit 'return'. Type "ls" for a list of available files. Type "get" energy-2.0-win32.exe and and wait for the ftp> prompt. Type "quit". The file will be downloaded into the directory at which you entered the ftp site. Double click on the exe and follow the instructions on the screen.
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2000 05:52 PM --------------------------- "FT.com" <[email protected]> on 05/02/2000 05:22:43 PM To: "FT.com Users":; cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: *** Tips and Tools from FT.com *** Dear FT.com user --------------------------------------------- Looking for an article from the FT newspaper? --------------------------------------------- You'll find all articles from the FT in FT.com's Global Archive - including today's edition. To find an article, simply select the FT newspaper as your source, then carry out your search. http://www.globalarchive.ft.com/ -------------------- Connectis - Issue 3 -------------------- Europe's e-business magazine profiles ten young entrepreneurs shaping the e-commerce terrain, analyses the introduction of WAP technology into the European arena and offers perspectives on Europe's burgeoning e-economy - from online IPOs to online education. http://www.ft.com/connectis/ Participate in the Connectis discussion forum to share your views on e-business. http://www.ft.com/forums/connectis/ --------------------------- Personal Office Newsletter --------------------------- News, ideas and the latest developments about Personal Office e-mailed to you each week. Sign up for your free at: http://www.ft.com/personaloffice/newsletter -------------------------- FT.com Wireless Newsletter -------------------------- WAP, SMS, GPRS? Be the first to tap into the latest on FT.com's plans for hi-tech delivery. Sign up for free at: http://www.ft.com/wireless/newsletter/ ------------------------ Discussion Forum Digest ------------------------ Have key comments from FT.com's discussion forums e-mailed to you each week. Sign up for free at: http://www.ft.com/forums/subscribe/ Regards, FT.com Why not forward this e-mail to a friend or colleague who may find this information useful or interesting? To remove your e-mail address from our mailing list simply select the appropriate check box on your FT.com user profile. To do this, or to edit any other aspect of your profile, please visit: http://registration.ft.com/registration/editRegistrationDetails.jsp If you have forgotten your password for FT.com visit: http://registration.ft.com/registration/passwordLookup.jsp
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/04/2000 02:14 PM --------------------------- Jim Dyer <[email protected]> on 03/22/2000 11:53:17 AM To: "'[email protected]'" <[email protected]> cc: Subject: Class speaker Vincent, We met last year when you were visiting The University, and talking primarily with our finance faculty. As you may have heard, I tried to call to talk with you about the possiblity of a guest speaker in my class on real options from your group at Enron. Naturally, I would be delighted if you could speak, but I could also appreciate the possibility that someone else might also be a good choice. I have attached a copy of the course syllabus for your information. This is the first time this course has been offered at UT, and I was motivated to do so because of the "buzz" regarding the topic in industry. I have about 30 MBA students in the class, many of whom were in the energy finance classes offered by Sheridan Titman and Ehud Ronn (both of whom have been very supportive of the development of this class). My own background is decision analysis rather than finance, so I tend to approach the topic with that perspective. As you can see, I have covered both traditional decison analysis topics and a review of the options literature. At the present time, I don't think there is a really complete textbook that fits the course at the MBA level, so I've tried to focus on how to do things in practice, and have provided software (DPL, spreadsheets, @Risk, etc) as tools for the students to use. The course is scheduled on Thursday afternoons from 3:30 to 6:30, which is a time that I chose to make possible the participation of some Executive MBA students from Houston (3 are participating). I look forward to hearing from you about the possiblity of a speaker, or any other suggestions that you might have. James S. Dyer Fondren Centennial Chair in Business Department of Management Science and Information Systems CBA 5.202 The University of Texas at Austin Austin, Texas 78712-1175 Email: [email protected] Telephone: 512-471-5278 Fax: 512-471-0587
Sam, Which one? Can you send it to me? Vince Enron North America Corp. From: William Smith @ ENRON 07/10/2000 07:49 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Zimin's article Good Morning, Vince! Is Zimin's article okay for Technical Corner today? Sam
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/12/2001 11:19 AM --------------------------- [email protected] on 02/09/2001 01:14:51 PM To: [email protected] cc: Subject: TradeSpark Want to send this story to another AOL member? Click on the heart at the top of this window. TradeSpark says online energy trades top $16 bln ? NEW YORK, Feb 8 (Reuters) - Online energy exchange Tradespark said Thursday it has handled energy trades with a notional value of more than $16 billion since trading began on Oct 2, 2000. TradeSpark (www.tradespark.com) said natural gas instruments accounted for over $9 billion of the trades logged to date, and electricity instruments for about $6 billion. More than 125 companies and roughly 550 traders are registered to use TradeSpark to execute their energy trades, the company said in a statement. In January, traders who did not work for one of TradeSpark's founding partners accounted for 58 percent of all trades, up from 48 percent in December. TradeSpark's founding partners include electronic commerce firm eSpeed Inc. < ESPD.O>, brokerage Cantor Fitzgerald, energy firms Williams Cos. <WMB.N> and TXU Corp. <TXU.N> and Royal Dutch/Shell <RD.AS> <SHEL.L> affiliate Coral. Dynegy Inc. <DYN.N> has announced plans to become a partner at a later date.
Elena, Please, prepare for Mulong NG and power price series. We can use Henry Hub for NG, Cinergy, Cobb and PV for electricity. We can send him NG price right away. Electricity prices are different: he has to obtain permission from FT (Megawatts Daily). I shall cc you on my msg to him. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/16/2001 02:03 PM --------------------------- mulong wang <[email protected]> on 04/15/2001 03:43:26 AM To: [email protected] cc: Richard MacMinn <[email protected]> Subject: Weather and energy price Data Dear Dr. Kaminski: I am a PhD Candidate under the supervision of Drs. Richard MacMinn and Patrick Brockett. I am now working on my dissertation which is focused on the weather derivatives and credit derivatives. Could you kindly please offer me some real weather data information about the price peak or plummet because of the weather conditions? The past winter of 2000 was very cold nationwide, and there may be a significant price jump for natural gas or electricity. Could you please offer me some energy price data during that time period? Your kind assistance will be highly appreciated and have a great day! Mulong
Vasant, It seems we have to help them. Can Kate help on this project? Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/23/2001 09:28 AM --------------------------- Nelson Neale@ENRON 04/20/2001 10:29 AM To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate cc: Subject: Petrochem Desk I had a chance to speak with Christian LeBroc this morning with regard to curve building for petrochemicals. As it turns out, Christian left RAC in April and joined the Petrochem Desk as a trader. Previous efforts at construction of a forward curve by the group have focused on intuition or SWAGs. Unfortunately, the group had a rough P&L year with at least some of the blame directed toward the forward curve or lack thereof. When asked about the fundamentals group, Christian indicated that they'd only been around about 3-4 months and are not yet well-suited to curve building. John Nowlan is indeed the head of the group. From a timing perspective, I told Christian that it would probably take at least 6-8 weeks to develop a curve, especially considering the need to understand the key market drivers/fundamentals. As was suggested yesterday during our meeting, a strong relationship between petrochemicals and a NYMEX component (e.g., crude oil) would provide a great beginning point--we could then potentially strengthen/augment this relationship with other key factors (e.g., supply and demand terms) borne out of our market research. Nelson
Kevin, Let's plan for a celebration next week, Thursday. I shall talk to you about it. Vince Kevin G Moore 01/11/2000 06:35 AM To: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT cc: Subject: Celebration I am so excited for my Boss , Mike Robert's. I was wondering: Can we do something special for him celebrating his promotion? Kevin Moore
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/21/2000 06:48 PM --------------------------- "FT.com" <[email protected]> on 06/06/2000 03:51:57 PM To: "FT.com User":; cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: *** Monthly Update *** ------------------------Advertisement-------------------------- Get qualified Internet Business data from exclusive research at TheStandard.com's Intelligence Store. Visit today to learn more about formulating solid e-business strategies.The best Internet research, all in one place. http://ads14.focalink.com/SmartBanner/page?16801.1 --------------------------------------------------------------- Dear FT.com user This month, it's the soccer in Europe, Fathers' Day in the States, and wireless on the way at FT.com. To keep at the competitive edge, read on and then connect. 1. News by E-mail service enhanced 2. Investment research made easy 3. Want to know more about Wireless? 4. US news from a global perspective 5. FT.com launches FTSE 100 discussions 6. Forgotten Fathers? ---------------------------------- 1. News by E-mail service enhanced ---------------------------------- Subscribers to the top five industry sectors of FT.com's free News by E-mail service now receive "The World Press Digest" too - the most important business stories from the leading press titles around the world. Get the international perspective on he big business stories as you wake. You know the world doesn't just turn on a dime - so keep ahead of what's important in the world's business centres - quickly, easily and direct to your desktop. http://www.ft.com/nbe -------------------------------- 2. Investment research made easy -------------------------------- FT.com's Interactive Charting Tool is a great place to carry out investment research, producing informative charts to analyse stock performance. http://www.marketprices.ft.com/ftpages/mp_bigchartOKIE.htm ------------------------------------ 3. Want to know more about Wireless? ------------------------------------ Visit our discussion forums dedicated to the wireless industry Wireless Open Forum - discuss any issues you like - the floor is yours! http://forum.ft.com/fintimes/Forum94/HTML/000001.html ------------------------------------ 4. US news from a global perspective ------------------------------------ So who says it's a big business story? If you want the global perspective on US business news, FT.com will deliver it before breakfast. http://www.ft.com/nbe --------------------------------------- 5. FT.com launches FTSE 100 discussions --------------------------------------- FT.com's online discussions have recently been relaunched with a range of new features. We've also introduced individual discussions for each of the FTSE 100 companies. So you can now discuss topics related to a company with like-minded individuals and market experts. http://www.ft.com/forums/ftse100 --------------------- 6. Forgotten Fathers? --------------------- In case your diary, PDA, or SMS alert hasn't already reminded you, June 18th is Fathers Day and we've got some exciting gifts at special promotional rates. You could also win a pair of digital gadgets including palm sized computers and digital cameras. http://timeoff.ft.com/ft/gx.cgi/ftc?pagename=View&c=Collection&cid=IXLSH0EP76C Regards, FT.com -------------------------------------------------------------- Why not forward this e-mail to a friend or colleague who may find this information useful? If you no longer wish to receive further e-mails from us please send an e-mail to [email protected] with the single word "unsubscribe" as the subject of the message. Your name will then be removed from our mailing list. If you have forgotten your password for ft.com simply visit: http://registration.ft.com/registration/passwordLookup.jsp
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001 05:01 PM --------------------------- From: Iris Mack/ENRON@enronXgate on 04/30/2001 11:50 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Very rough draft of the "Enron Strategic Plan" to be sent to Professor Duffie Hi, As per your request, here is a very rough draft of the document you requested. It is far from being complete. Hopefully while in London I will have time to work on it some more. Your comments and feedback would be greatly appreciated. Thanks, Iris
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/27/2000 07:45 AM --------------------------- [email protected] on 03/27/2000 03:12:56 AM To: [email protected], [email protected] cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: (no subject) # telefonu Nataszy 367-4058 czy pamietales zalatwic matching donation formularz? L.
Resume for Anurag Anurag Saksena Managing Director, Enterprise Risk GMAC - RFC 8400 Normandale Lake Blvd. Suite #600 Minneapolis, Minnesota 55437 Tel: (612) 857 - 6133 (o) Tel: (612) 943 - 8501 (h) 10273 Antlers Ridge Eden Prairie, MN 55347 [email protected]
Remi, No problem. My assistant Shirley Crenshaw will call you Friday to set up a meeting. Vince Remi Collonges@ENRON_DEVELOPMENT 02/24/2000 09:10 AM To: Vince J Kaminski@ECT, Grant Masson@ECT cc: Subject: curves for South America Vince and Grant, I have been made responsible for all gas and power curves in South America (plus books development, reporting, .......). I have somewhat started but, since I am new on the job, I'd love to receive advice, guidance (and at some stage help) from you. Would you be available for a meeting next week, preferably Thursday or Friday? I'm planning to be in Houston these days. Remi Collonges (55) 11 5503 1200
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/17/2000 05:38 PM --------------------------- "Mina Dioun" <[email protected]> on 11/15/2000 07:57:14 PM To: <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]> cc: Subject: Speech by Chairman Pat Wood of PUCT - CTAEE Meeting- Nov. 29, 2000 Dear Colleague: We are honored to have Chairman Pat Wood of the Public Utility Commission of Texas as the distinguish speaker for the meeting of the Central Texas Chapter of the United States Association for Energy Economics. Chairman Wood is the main architect of electric industry restructuring in Texas and this meeting offers a unique opportunity to hear his speech entitled: "Texas' Future Competitive Electric Industry" Please mark your calendars and join us on Wednesday, November 29 at 5:00 PM at the Lower Colorado River Authority's Board Room, Located at 3700 Lake Austin Blvd (Hancock Building), Austin, Texas. The meeting will open with refreshments and Chairman Wood's presentation will begin at 5:30 PM. The meeting is open to the public and is free. We extend a special invitation to all members of the USAEE that reside in the central Texas area. Please plan to meet David DeAngelo, President of USAEE, who we are fortunate to have as our special guest. David will be happy to answer any questions you have about the IAEE and USAEE. About the CTAEE The Central Texas Association for Energy Economics (CTAEE) focuses on current energy events and research at the state, national, and international level. It is an excellent forum to meet, network, and exchange ideas in the regional energy community. Local programs will be held six to eight times a year. The CTAEE is a local chapter of an international association known as the International Association for Energy Economics (IAEE). CTAEE is a non-profit organization and is a totally non-partisan forum for stimulating discussion and dialogue on major energy policy and analysis issues. To provide exceptional meeting topics and dialogue we need your local membership. Your participation in CTAEE can bring new ideas to help promote effective energy policy. About the IAEE and USAEE The International Association for Energy Economics (IAEE), founded in 1977, provides a forum for the exchange of ideas, experience and issues among professionals interested in energy economics. Its scope is worldwide, as are its members, who come from diverse backgrounds -- corporate, academic, scientific, and government. The United States Association for Energy Economics (USAEE) is an affiliate of the International Association for Energy Economics. As a member of IAEE you will gain a broader understanding of energy economics, policymaking and theory. Members are kept well informed by IAEE and USAEE publications and conferences on events within the energy industry and energy challenges that lie ahead. Furthermore, membership provides you with the opportunity to network within the largest association of energy professionals in the world. Mina M. Dioun, Ph.D. Neil McAndrews Karl J. Nalepa CTAEE President CTAEE Vice President CTAEE Treasurer (512) 473-3333 x-2549 (512) 415-3227 (512) 463-8574 [email protected] [email protected] [email protected] - ctaee-Meeting.doc
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000 04:35 PM --------------------------- Piazze <[email protected]> on 10/10/2000 10:45:39 AM To: "'[email protected]'" <[email protected]> cc: Subject: Tiger Team application forms Vince: The application forms, as promised. Good talking to you and Christie this morning. The project sounds very exciting and we look forward to working with Enron. Let me know if there is further info we can provide. Thanks, Donna - 2001 Field Application Form 1.doc - 2001 Field Application Form 2.doc
Ashley, Thanks. Please, always cc my assistant Shirley Crenshaw (3-5290). She does not read my mail. Vince Enron Technology From: Ashley Baxter @ ENRON 08/26/2000 10:54 AM To: [email protected], John Pavetto/Corp/Enron@Enron, Paulo Issler/HOU/ECT@ECT, Radu Tutos/Enron Communications@Enron Communications, Keith Couch/Corp/Enron@Enron, Michael Guadarrama/HOU/ECT@ECT, Randy Matson/Corp/Enron@ENRON, Steve Nat/Corp/Enron@ENRON, Christopher Funk/HOU/ECT@ECT, Clarissa Cooper/NA/Enron@Enron, Anthony Rimoldi/Corp/Enron@Enron, Denise Rancour/Corp/Enron@Enron, Kevin Lee/Corp/Enron@Enron, Osman Sezgen/HOU/EES@EES, Bryan Garrett/Enron Communications@Enron Communications, Tim Belden/HOU/ECT@ECT cc: Shelly Jones/HOU/ECT@ECT, Celeste Roberts/HOU/ECT@ECT, Donna Jones/HOU/ECT@ECT Subject: Cal Berkely Team Meeting - UPDATE Please note that the Cal Berkeley Team Meeting location has been moved. Tuesday, August 29th 2:00 p.m. 49C4 See you there! Thank you, Ashley
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000 07:47 AM --------------------------- Scott Adams <[email protected]> on 12/21/2000 08:11:21 PM To: [email protected] cc: Subject: Dilbert Newsletter 32.0 Dilbert Newsletter 32.0 ----------------------- To: Dogbert's New Ruling Class (DNRC) From: Scott Adams ([email protected]) Date: December 2000 Highlights: ------------------------------------------------ - My New York City Trip Report - True Tales of Induhviduals - Buying Gifts for Women (video tutorial) - Dogbert Answers My Mail ------------------------------------------------ DNRC Update ----------- The DNRC is 300,000 people strong, which is ironic if you consider that few of us can lift heavy objects. Luckily we have the non-DNRC people, the so-called In-duh-viduals, to do our manual labor. After Dogbert conquers the planet and makes the Induhviduals our personal servants, there will be no more fussing with parallel parking. A small team of Induhviduals will be stationed at every potential parking place, ready to lift your vehicle and gently place it near the curb. A second team will swoop in and tongue-clean your bumper to remove the fingerprints left by the first team. A third team will swoop in and take your vehicle to the landfill so you don't have to drive a car that's been slobbered on. I realize this sounds inefficient, but remember there are over six billion Induhviduals. It's important to keep them busy. Speaking of keeping busy... My Trip to New York City --------------------------------- I am writing this trip report while in New York City to do some PR for my new web site feature (The Lazy Entrepreneur at Dilbert.com). Because I am a famous cartoonist I am staying in a new hotel that costs $500 per night. That might impress those of you who live in huts made entirely of manure. But if you are familiar with NYC you are probably blowing coffee out your nose and slapping your donut flat in a fit of spastic laughter because you know what $500 buys in the Big Apple. Herein, I offer my description of the luxurious NYC hotel experience. I'm struck by the similarity between my situation and John Gotti's. We have similar careers: He's a convicted mob boss; I'm a cartoonist. But here the similarity ends, because his current living conditions are far more luxurious. My room is ever-so-slightly wider than the bed. If it were possible to make a room smaller than its bed, I would be in that room. I'm sure the hotel has hired a team of physicists to crack that nut. The television's remote control doesn't work, but that doesn't matter because you can reach the TV with your hand from almost any location in the room. The "closet" consists of a ten-inch metal pipe that sticks out from the wall, suitable for hanging upwards of three garments. Directly below the metal pipe is a safe for your valuables. This leaves plenty of space for your clothes, assuming you wear the same pants size as G.I. Joe. My heating/cooling system produces an inexplicable noise every five minutes. The noise sounds like a combination of a squeaky door opening and a sword being drawn from its scabbard. This is exactly the sort of noise you want to hear when you're trying to sleep in New York City. The shower has a playful feature. The only way you can get to the shower controls is by reaching around a barrier and placing your head directly under the showerhead. There's nothing like a snoot full of cold water to get your day started. As you probably know, New York City taxi drivers originate from many different countries. They compensate for their incomplete grasp of English by facing away from the passenger and mumbling. I learned to interpret their mumbles by the context. For example, a mumble when you get in the car means, "You look handsome today. To what destination may I transport you?" A mumble while slowing down and looking out a side window means, "This is your destination. Have a wonderful day. Thank you so much for the business." If you argue that he is driving in the wrong direction he will shrug. The shrug means, "Your concern is unwarranted. I have a secret way of going to places by driving in the wrong direction." Using this system of translation I have mastered over 100 different dialects. Buying Gifts for Women ---------------------- Most men are not good at buying gifts for women. That's why I put together a tutorial on gift-buying that you can see at the Lycos Video Center: http://video.lycos.com/myvideocenter/viewvmail.asp?vm=578650&e=57Uk/Z0JeuvHc&r =1 True Tales of Induhviduals -------------------------- Here are some more True Tales of Induhviduals as reported by vigilant DNRC members. True Tale 1 ------------ A friend of mine manages a Barnes and Noble store. One of her high school part-time workers called in to say she was unable to come to work. Her excuse was that she couldn't find her bra. True Tale 2 ------------ A group of employees were eating together before a conference. The big boss lambasted everyone at the table for his or her role (or their home state's role) in screwing up the recent election. His rant was complete with colorful, blasphemous, scatological and anatomically impossible metaphors. All this was done with his mouth full, and capped by a loud belch. Then his number two, a Senior VP, topped him in one stroke, by scratching his (own) back with a table fork. It is leadership to inspire the soul. True Tale 3 ----------- Update: We've recently recorded our 500th quote from my boss... "I didn't fall off the horse yesterday." True Tale 4 ----------- My new officemate comes into my office with three chairs. One is particularly nice. Apparently it was stolen from the conference room. His comment, "I asked the other guy taking a chair and he didn't care." True Tale 5 ----------- I work with an engineer who makes his own cologne. He has several scents, the worst of which are lemon cough drops and smoky sweet patchouli. Pregnant women and people with sensitive noses are unable to work with him. Recently he revealed that he has been experimenting with pheromones and found that he got "quite a reaction" from women in bars. That reaction doesn't seem to include being attracted to him, because he is single and 40 years old. True Tale 6 ----------- I recently heard an Induhvidual say, "I'm not a rocket surgeon." True Tale 7 ----------- I'm a professor at a university in Georgia. This semester, two students misspelled THEIR OWN NAMES. Another student could not find his way out of the building. He thought the doors marked EXIT would set off the fire alarm. True Tale 8 ----------- An Induhvidual in my office labeled her tape dispenser with the word, "TAPE." I can think of only two reasons: 1. She wanted to make sure that her tape dispenser was not used for any unauthorized purposes, or... 2. She feared she would not recognize the tape dispenser in the future. True Tale 9 ----------- One day I was sitting by my locker reading a book when my friend walked up and asked me what I was reading. I told her, and she said, "Wow! Where did you find that? I've been looking everywhere for that book!" I asked her if she had looked in the library, to which she replied that she hadn't. True Tale 10 ------------ We have to wear uniforms in gym class, but in the winter when we go outside it becomes impractical because of the cold. Solution: They make us wear our uniforms UNDER our clothes! To make matters worse, they ask for random "shorts checks" in which we must pull our pants down a tad to show that we are following their rules. True Tale 11 ------------ I used to work at the local government offices. I kept all my papers in a briefcase. One day I absentmindedly left it in a common area. I went back to where I had left it but it wasn't there. I eventually found out that the caretaker had it. He told me, "I thought it might be a bomb so I took it to my office." Good Work If You Can Get It ---------------------------- A true story of a "Wally"... One of my co-workers on a web site project got the idea that since porn web sites have the distinction of being the only real moneymaking web sites, they must have the best design and implementation. Therefore, we should research them and incorporate their design into our web site. He spent two days on this (at work) and even told several others about his work. His final analysis was inconclusive. Lazy Entrepreneur ------------------ http://www.unitedmedia.com/comics/dilbert/lazyentrepreneur/ The ideas are pouring in to my new web site feature, The Lazy Entrepreneur, at Dilbert.com. Here are some of my favorites, some practical, some whimsical. Toothbrush Contraceptive Pill Dispenser ---------------------------------------- Submitted by mattrogers My girlfriend regularly forgets to take her contraceptive pill. However, to my knowledge she has never forgotten to brush her teeth in the morning. Will someone please invent a toothbrush that has a contraceptive pill dispenser in the handle? Video Tombstones ------------------ -- Submitted by CaptainBasil How about a DVD-based, flat screen LCD video unit embedded in a granite tombstone, for perpetual replay of highlights of the dearly departed's life? [Editor's Note: Even better, how about a motion detector so your video can pop up whenever anyone approaches. Then add some speech recognition and some canned replies and you can carry on simple conversations with the dead. Example: You ask, "How are you today?" The DVD plays the answer, "Not so good. Still dead."] Perpetual Blanket ----------------- -- Submitted by Trouble It's a blanket that wraps down one side of the bed, under the bed and up the other side of the bed, returning to the top. This way people who have spouses that constantly steal the covers can always have a fresh supply being drawn up from beneath. Optional feature: Alarm when blanket is pulled to PROVE that spouse steals the covers. Cubicle Buzzard --------------- -- Submitted by buzzardbert A stuffed buzzard that can clamp onto the top of an office cubicle wall, staring at the soon-to-be fired/retired occupant. Whiteboard Eraser Caps ------------------------- -- Submitted by TelekineticFool Dry Erase markers for white boards should have little erasers on one end, like pencils do, for erasing the occasional small mistake. That way you don't need to use your fingers or necktie. New Dilbert T-Shirts and Sweatshirts --------------------------------------------------- New at Dilbert.com, you can choose one of seven of the most popular Dilbert strips to have printed on a T-shirt or sweatshirt: http://www.cafepress.com/static/UnitedMedia/property.jsp?property=Dilbert Pearls Before Swine -------------------- http://www.unitedmedia.com/comics/pearls/index.html Check out a great new comic strip called "Pearls Before Swine," by Stephan Pastis. I love it, and I'm hard to please, comic-wise. You can find it on the web by using the comics menu in the top left corner of Dilbert.com, or by going directly to the URL above. Read the whole archived month to get the rhythm of it and to get past the shocking realization that it's mostly about a rat and a pig talking to each other. Dogbert Answers My Mail ----------------------- In this section Dogbert answers the mail that I am too polite to answer myself. These are all based on real e-mail. The names have been changed to make them funnier. Dear Mr. Adams, I had never really read your comic strips until I was forced to do it for a Business Principles class. You bash the workplace, employees and employers. You make them out to be bad and stupid people. That is nothing like what is really going on today in the workforce. You really need to think about what you are doing. Jennifer Dear Jedi fur, I wish you had given this information to Mr. Adams sooner. He wasted the past eleven years of his life creating inappropriate cartoons. He is SO-O-O-O embarrassed now. However, Mr. Adams is still confused about the process by which arrogant little pissant students like you become brilliant, helpful and kind as soon as you join the workforce. Perhaps you could clarify that in a future correspondence. Sincerely, Dogbert ---------------- Dear Mr. Adams, I have your 2000 Desk Calendar and I just wanted to make a minor complaint. I am looking at today's December 8th comic and it is not funny at all. Perhaps you could have others read it before you send it off to the printers. Tod Dear Toad, Obviously you are not a student of history. December 8th is the official "Day After Pearl Harbor Day" and as such is often referred to as "A day that shall live in unfunny." Sincerely, Dogbert ----------- Dear Mr. Adams, Your cartoons with the hand coming out of the guy's head are some of your worst ever. You have sunk to a new level of stupidity. Phil Dear Phlegm, Mr. Adams wanted to respond to your insightful letter by drawing a little picture of that character making an obscene gesture to you with the hand that's growing out of his head. He thought this would be, to use his words, "a hoot." Fortunately for us all, I have too much class to allow that image to enter anyone's mind. Sincerely, Dogbert Dilbert Fodder --------------- What's bugging you about your job? Let me know and you might see it in a Dilbert comic or newsletter. The best comic fodder involves workplace peeves, devious strategies, frustrations of dealing with others, conflicting objectives, unintended management consequences, and of course my favorite - idiot bosses. And I love True Tales of Induhviduals. And if you're seeing any new management trends that need to be mocked, I can help. Send your suggestions to me at [email protected]. Short ones are better. How to Subscribe to the Dilbert Newsletter ------------------------------------------ You can sign up for the free Dilbert Newsletter automatically. Send a blank e-mail to [email protected]. Unsubscribing ------------- To unsubscribe automatically, send a blank e-mail to [email protected]. Problems Signing up for the Newsletter --------------------------------------- If the automatic method doesn't work for you, simply send a message to [email protected] specifying your e-mail address and you will be added manually. This method is much slower than the automatic method so please be patient. Scott Adams [email protected] All submissions to Scott Adams and/or Dilbert.com shall become the exclusive property of United Media and Scott Adams, and they will have the right to use them free of charge, in any manner and in any medium, forever and throughout the world. Please do not reply to [email protected]
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/17/2000 05:01 PM --------------------------- Naveen Andrews@ENRON 11/17/2000 04:41 PM To: Tanya Tamarchenko/HOU/ECT@ECT cc: Alex Huang/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT Subject: Re: smoothing methodology for extracting forward forward volatilities Tanya, The exponentials we tried earlier (a+bexp(-cx), etc, fit well but gave negative numbers in the bootstrapping. I tried a + b(t+c)(-1) , a standard power law, and as the ?accompanying graph shows (for the 12 months), the fits are quite good.? In this case, the ffvols do not become negative (I believe this ?corresponds to your 0 beta). ? I would have preferred exp(-t) and variants (can explain owing to ?mean-reverting vols), but the power law might be a practical alternative ?(from an implementation standpoint).?Naveen??? ????Tanya Tamarchenko@ECT?11/17/2000 02:59 PM?To: Naveen Andrews/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON?cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Vladimir ?Gorny/HOU/ECT@ECT ??Subject: Re: smoothing methodology for extracting forward forward ?volatilities ??Following up on our discussions I implemented one method for creating forward ?forward curve?from implied vol curve. ?I sorted out 12 forward curves from an original forward vol curve, each of 12 ?curves corresponding?to certain month. Then I fitted each of 12 curves with a function:??y=a+A/power(x+b, beta)??I figured out that when beta is from (0, .5) the above function is suitable ?for performing our bootstrapping?routine of deriving ff vols from implied, because:??y(x+t) * y(x+t) * (x+t) - y(x) * y(x) * tx> 0 for all x, t.??(I have to double check on this again. Also when beta>0.5 there are some ?combinations of parameters a, A, b, beta?for which above equality holds). Even with restriction on beta this class of ?functions represents quite a variety of shapes.??Below you see the example of fitting as well as the example of ff vol curve ?constructed from implied vol curve for NG.??I'll try this for power as well.??Any comments??????????????
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001 09:46 AM --------------------------- Osman Sezgen@EES 03/30/2001 01:52 PM To: Kathie Grabstald/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT Subject: ENSIDE Draft Here is the version with my modifications over Mike's version. Please feel free to make modifications/corrections. Osman
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Barbara, Thanks. Vince Barbara G Dillard@ENRON 01/11/2000 10:51 AM Sent by: Barbara G Dillard@ENRON To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Congratulations!!! Vince: Congratulations on your promotion!! Barbara
Vasant, Yes, it's perfect. Please, indicate that the wording was unfortunate. Vince Vasant Shanbhogue 03/08/2001 11:20 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: RE: Weekly report Hi Vince, regarding David Port's response to Kevin Kindall's email, I feel that I should respond, at least to make our position clear. Please indicate if the following response is appropriate ------- "Hi David, I understand that you were slightly upset over a comment Kevin Kindall made in one of his weekly reports. The intention was never to disparage anybody. It is just that since Research gets data from a large number of sources, we feel obligated to the data donor to ask any requester for clarification of need. I completely understand that RAC typically has access to much sensitive information and they have a right to know much information. We just want to make sure there is open flow of information (it is in everybody's best interests and the company's best interests) and that everybody is aware of how data is flowing. Best wishes, Vasant" ---------------------- Forwarded by Vasant Shanbhogue/HOU/ECT on 03/08/2001 11:11 AM --------------------------- From: David Port/ENRON@enronXgate on 03/08/2001 08:46 AM To: Kevin Kindall/Corp/Enron@ENRON cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Rudi Zipter/ENRON@enronXgate Subject: RE: Weekly report Kevin - thanks for the update. On the Stock option Plans, if your angle is what I suspect, I suggest you get with Rudi Zipter, who has done a great deal of work on this exposure, including characterising and actually booking the short option positions in Enron's equity system. We are already working with Ben Glisan's team firming up a hedging program. We are well advanced in this effort so if you get with my people it could save you a great deal of time. Secondly, I am afraid I do take some exception to your references to Naveen's team in your last point. Generally in RAC I don't believe we are obliged to explain why we need information, except as a courtesy - otherwise that would compromise our role somewhat. Specifically, I am aware of the sensitivity of Raptor, just as I am of the sensitivity of all the information my group is privvy to on a daily basis. Again, we have done a good deal of work on these structures too (I see a position report daily). As I have discussed with Vince, Naveen's request would have been derived from a discussion we all had with Rick, concerning "meltdown" scenarios and their effect on, amongst other things, funding vehicles. But I would rather have had a conversation about this than see slightly disparaging remarks about my people in email traffic. Rgds DP -----Original Message----- From: Kindall, Kevin Sent: Monday, March 05, 2001 8:19 AM To: Kaminski, Vince; Shanbhogue, Vasant Cc: Port, David Subject: Weekly report << File: March 2, 2001 Report.doc >>
Please, grant access as requested. Vince Kaminski ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000 03:41 PM --------------------------- DANIEL MUSCHAR @ ENRON 09/19/2000 03:27 PM To: Juan Padron/NA/Enron@Enron cc: Vince J Kaminski/HOU/ECT@ECT Subject: Re: access to O;... Vince has this under control. He will forward it to the security group. Daniel A. Muschar Juan Padron 09/19/2000 02:22 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Daniel Muschar/AA/Corp/Enron@ENRON Subject: access to O;... vince, this e-mail is to request access to the o:/research/power meteorlogy/weather temps/txtemps.xls file... i was told by tech-support to e-mail you with this request and everything would get squared away. daniel, could you please advise on what to do next. thank you... juan ---------------------- Forwarded by Juan Padron/NA/Enron on 09/19/2000 02:17 PM --------------------------- DANIEL MUSCHAR 09/19/2000 09:14 AM To: Juan Padron/NA/Enron@Enron cc: Subject: access to O;... I called security again and here is what is happening: this request is waiting on the approver. Stinson Gibner: here is the info on the user we are waiting on. STINSON??GIBNER CONTACT INFO COMPANY INFO Phone : (713) 853-4748 Employee Type : ENRON EMPLOYEE Email : [email protected] Job Title : VP RESEARCH Location : EB 1963 Supervisor : KAMINSKI, WINCENTY J Fax : (713) 646-2503 Contract Company : ECT RESOURCES CORP Cellular : Company Number : 0413 Pager : Cost Center : 0000107043 Click here for others in Cost Center Cost Center Name : NA-RESEARCH GROUP ENA City : HOUSTON bner or Vince Kaminski are the approvers for this directory
Howard, Sorry for the delay. I shall be able to get back to you next week. A very interesting new research idea came up and we have to close a few loops internally. Vince "Kunreuther, Howard" <[email protected]> on 04/05/2001 08:42:44 PM To: "Kaminski (E-mail)" <[email protected]> cc: "Kleindorfer, Paul" <[email protected]> Subject: Status of Enron Project Hi Vince: Just a short note to indicate that we have not heard received any information from your group since our discussion at Wharton in February. We look forward to get some information on what issues you would like us to spend some time thinking about. Hope all is well. Regards, Howard Howard Kunreuther Cecilia Yen Koo Professor of Decisions Sciences and Public Policy Chairperson Operations and Information Management Department 1326 Steinberg Hall-Dietrich Hall Wharton School University of Pennsylvania Philadelphia, PA 19104-6366 Phone:215-898-4589 FAX:215-573-2130 Email:[email protected]
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/26/2001 10:51 AM --------------------------- Pamela Vande Krol Castro <[email protected]> on 02/23/2001 04:35:22 PM To: [email protected] cc: Subject: rosters (Rice University) I have enclosed your latest rosters for MGMT 656: Energy Derivatives. The word document is your official rosters. The excel document is a list of names with e-mail addresses. I'll keep you updated as students add/drop. As always, let me know if you have any questions. Pamela Castro MBA Program Associate Rice University 713-348-6223 - 656.xls - 656.doc