file
stringlengths
14
33
message
stringlengths
24
126k
Sender
stringclasses
754 values
Receiver(s)
stringlengths
0
500
allen-p/sent/494.
subject: Re: Bishops Corner Partnership content: George, Keith and I are reviewing your proposal. We will send you a response by this evening. Phillip
allen-p/sent/495.
subject: RE:Stock Options content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001 03:26 PM --------------------------- "Stephen Benotti" <[email protected]> on 01/29/2001 11:24:33 AM To: "'[email protected]'" <[email protected]> cc: Subject: RE:Stock Options Phillip here is the information you requested. Shares Vest date Grant Price 4584 12-31-01 18.375 3200 1600 12-31-01 20.0625 1600 12-31-02 20.0625 9368 3124 12-31-01 31.4688 3124 12-31-02 31.4688 3120 12-31-03 31.4688 5130 2565 1-18-02 55.50 2565 1-18-03 55.50 7143 2381 8-1-01 76.00 2381 8-1-02 76.00 2381 8-1-03 76.00 24 12 1-18-02 55.50 12 1-18-03 55.50 Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by PaineWebber and PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.
allen-p/sent/496.
subject: Re: 32 acres content: Jeff, That is good news about Leander. Now for the stage. I would like to get it sold by the end of March. I have about $225K invested in the stagecoach, it looks like I need to get around $745K to breakeven. I don't need the cash out right now so if I could get a personal guarantee and Jaques Craig can work out the partnership transfer, I would definitely be willing to carry a second lien. I understand second liens are going for 10%-12%. Checkout this spreadsheet. These numbers should get the place sold in the next fifteen minutes. However, I am very concerned about the way it is being shown. Having Lucy show it is not a good idea. I need you to meet the buyers and take some trips over to get more familar with the property. My dad doesn't have the time and I don't trust Lucy or Wade to show it correctly. I would prefer for you to show it from now on. I will have the operating statements complete through December by this Friday. Phillip
allen-p/sent/497.
subject: Re: SM134 content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001 12:14 PM --------------------------- To: <[email protected]> cc: Subject: Re: SM134 George, Here is a spreadsheet that illustrates the payout of investment and builders profit. Check my math, but it looks like all the builders profit would be recouped in the first year of operation. At permanent financing $1.1 would be paid, leaving only .3 to pay out in the 1st year. Since almost 80% of builders profit is repaid at the same time as the investment, I feel the 65/35 is a fair split. However, as I mentioned earlier, I think we should negotiate to layer on additional equity to you as part of the construction contract. Just to begin the brainstorming on what a construction agreement might look like here are a few ideas: 1. Fixed construction profit of $1.4 million. Builder doesn't benefit from higher cost, rather suffers as an equity holder. 2. +5% equity for meeting time and costs in original plan ($51/sq ft, phase 1 complete in November) +5% equity for under budget and ahead of schedule -5% equity for over budget and behind schedule This way if things go according to plan the final split would be 60/40, but could be as favorable as 55/45. I realize that what is budget and schedule must be discussed and agreed upon. Feel free to call me at home (713)463-8626 Phillip
allen-p/sent/498.
subject: RE: Loan for San Marcos content: George, We should hear from the bank in Houston on Monday. The best numbers and times to reach me: work 713-853-7041 fax 713-464-2391 cell 713-410-4679 home 713-463-8626 [email protected] (home) [email protected] (work) I am usually at work M-F 7am-5:30pm. Otherwise try me at home then on my cell. Keiths numbers are: work 713-853-7069 fax 713-464-2391 cell 713-502-9402 home 713-667-5889 [email protected] Phillip
allen-p/sent/499.
subject: Re: NGI access to eol content: Dexter, You should receive a guest id shortly. Phillip
allen-p/sent/5.
subject: content: Lucy, Here is a final 12/01 rentroll for you to save. My only questions are: 1. Neil Moreno in #21-he paid $120 on 11/24, but did not pay anything on 12/01. Even if he wants to swich to bi-weekly, he needs to pay at the beginning of the two week period. What is going on? 2. Gilbert in #27-is he just late? Here is a file for 12/08.
allen-p/sent/50.
subject: Enron content: Jed, I understand you have been contacted regarding a telephone interview to discuss trading opportunities at Enron. I am sending you this message to schedule the interview. Please call or email me with a time that would be convenient for you. I look forward to speaking with you. Phillip Allen West Gas Trading [email protected] 713-853-7041
allen-p/sent/500.
subject: NGI access to eol content: Griff, Can you accomodate Dexter as we have in the past. This has been very helpful in establishing a fair index at Socal Border. Phillip Please cc me on the email with a guest password. The sooner the better as bidweek is underway. ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/26/2001 09:49 AM --------------------------- Dexter Steis <[email protected]> on 01/26/2001 07:28:29 AM To: [email protected] cc: Subject: NGI access to eol Phillip, I was wondering if I could trouble you again for another guest id for eol. In previous months, it has helped us here at NGI when we go to set indexes. I appreciate your help on this. Dexter
allen-p/sent/501.
subject: Status of QF negotiations on QFs & Legislative Update content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/26/2001 09:41 AM --------------------------- From: Chris H Foster 01/26/2001 05:50 AM To: Phillip K Allen/HOU/ECT@ECT cc: Vladimir Gorny/HOU/ECT@ECT Subject: Status of QF negotiations on QFs & Legislative Update Phillip: It looks like a deal with the non gas fired QFs is iminent. One for the gas generators is still quite a ways off. The non gas fired QFs will be getting a fixed price for 5 years and reverting back to their contracts thereafter. They also will give back I would expect that the gas deal using an implied gas price times a heat rate would be very very difficult to close. Don't expect hedgers to come any time soon. I will keep you abreast of developments. C ---------------------- Forwarded by Chris H Foster/HOU/ECT on 01/26/2001 05:42 AM --------------------------- Susan J Mara@ENRON 01/25/2001 06:02 PM To: Michael Tribolet/Corp/Enron@Enron, Christopher F Calger/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Michael Etringer/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT cc: Subject: Status of QF negotiations on QFs & Legislative Update This from a conference call with IEP tonight at 5 pm: RE; Non-Gas-fired QFs -- The last e-mail I sent includes the latest version of the IEP proposal. Negotiations with SCE on this proposal are essentially complete. PG&E is OK with the docs. All QFs but Calpine have agreed with the IEP proposal -- Under the proposal, PG&E would "retain" $106 million (of what, I'm not sure -- I think they mean a refund to PG&E from QFs who switched to PX pricing). The money would come from changing the basis for the QF payments from the PX price to the SRAC price, starting back in December (and maybe earlier). PG&E will not commit to a payment schedule and will not commit to take the Force Majeure notices off the table. QFs are asking IEP to attempt to get some assurances of payment. SCE has defaulted with its QFs; PG&E has not yet -- but big payments are due on 2/2/01. For gas-fired QFs -- Heat rate of 10.2 included in formula for PG&E's purchases from such QFs. Two people are negotiating the these agreements (Elcantar and Bloom), but they are going very slowly. Not clear this can be resolved. Batten and Keeley are refereeing this. No discussions on this occurred today. Status of legislation -- Keeley left town for the night, so not much will happen on the QFs.Assembly and Senate realize they have to work together. Plan to meld together AB 1 with Hertzberg's new bill . Hydro as security is dead. Republicans were very much opposed to it.
allen-p/sent/502.
subject: Analyst Interviews Needed - 2/15/01 content: Patti, This sounds like an opportunity to land a couple of analyst to fill the gaps in scheduling. Remember their rotations last for one year. Do you want to be an interviewer? Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001 12:46 PM --------------------------- From: Jana Giovannini 01/24/2001 09:42 AM To: Chris Gaskill/Corp/Enron@Enron, Marc De La Roche/HOU/ECT@ECT, Mark A Walker/NA/Enron@Enron, Andrea V Reed/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, John Best/NA/Enron, Timothy J Detmering/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, Frank W Vickers/NA/Enron@Enron, Carl Tricoli/Corp/Enron@Enron, Edward D Baughman/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, Jere C Overdyke/HOU/ECT@ECT, Brad Blesie/Corp/Enron@ENRON, Lynette LeBlanc/Houston/Eott@Eott, Thomas Myers/HOU/ECT, Jeffrey C Gossett/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT cc: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT Subject: Analyst Interviews Needed - 2/15/01 All, The Analyst and Associate Programs recognize we have many Analyst needs that need to be addressed immediately. While we anticipate many new Analysts joining Enron this summer (late May) and fulltime (August) we felt it necessary to address some of the immediate needs with an Off-Cycle Recruiting event. We are planning this event for Thursday, February 15 and are inviting approximately 30 candidates to be interviewed. I am asking that you forward this note to any potential interviewers (Managers or above). We will conduct first round interviews in the morning and the second round interviews in the afternoon. We need for interviewers to commit either to the morning (9am-12pm) or afternoon (2pm-5pm) complete session. Please submit your response using the buttons below and update your calendar for this date. In addition, we will need the groups that have current needs to commit to taking one or more of these Analysts should they be extended an offer. Thanks in advance for your cooperation. Thank you, Jana
allen-p/sent/503.
subject: Re: Resume content: Nick, There is a specific program that we are using to recruit, train, and mentor new traders on the gas and power desks. The trading track program is being coordinated by Ted Bland. I have forwarded him your resume. Give him a call and he will fill you in on the details of the program. Phillip
allen-p/sent/504.
subject: Kidventure Camp content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001 12:39 PM --------------------------- Enron North America Corp. From: WorkLife Department and Kidventure @ ENRON 01/24/2001 09:00 PM Sent by: Enron Announcements@ENRON To: All Enron Houston cc: Subject: Kidventure Camp
allen-p/sent/505.
subject: content: Lucy, #32 and #29 are fine. #28 paid weekly on 1/5. Then he switched to biweekly. He should have paid 260 on 1/12. Two weeks rent in advance. Instead he paid 260 on 1/19. He either needs to get back on schedule or let him know he is paying in the middle of his two weeks. He is only paid one week in advance. This is not a big deal, but you should be clear with tenants that rent is due in advance. Here is an updated rentroll. Please use this one instead of the one I sent you this morning. Finally, can you fax me the application and lease from #9. Phillip
allen-p/sent/506.
subject: Re: Draft of Opposition to ORA/TURN petition content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001 08:17 AM --------------------------- From: Leslie Lawner@ENRON on 01/24/2001 08:17 PM CST To: MBD <[email protected]> cc: Harry Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Don Black/HOU/EES@EES, James Shirley/HOU/EES@EES, Frank Ermis/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT Subject: Re: Draft of Opposition to ORA/TURN petition Everything is short and sweet except the caption! One comment. The very last sentence reads : PG&E can continue to physically divert gas if necessary . . . " SInce they haven't actually begun to divert yet, let's change that sentence to read "PG&E has the continuing right to physically divert gas if necessary..." I will send this around for comment. Thanks for your promptness. Any comments, anyone? MBD <[email protected]> 01/24/2001 03:47 PM To: "'[email protected]'" <[email protected]> cc: Subject: Draft of Opposition to ORA/TURN petition Leslie: Here is the draft. Short and sweet. Let me know what you think. We will be ready to file on Friday. Mike Day <<X20292.DOC>> - X20292.DOC
allen-p/sent/507.
subject: content: Lucy, Here is a rentroll for this week. I still have questions on #28,#29, and #32.
allen-p/sent/508.
subject: content: Larry, I met with a banker that is interested in financing the project. They need the following: Financial statements plus last two years tax returns. Builders resume listing similar projects The banker indicated he could pull together a proposal by Friday. If we are interested in his loan, he would want to come see the site. If you want to overnight me the documents, I will pass them along. You can send them to my home or office (1400 Smith, EB3210B, Houston, TX 77002). The broker is Jim Murnan. His number is 713-781-5810, if you want to call him and send the documents to him directly. It sounds like the attorneys are drafting the framework of the partnership agreement. I would like to nail down the outstanding business points as soon as possible. Please email or call with an update. Phillip
allen-p/sent/509.
subject: Re: Response to PGE request for gas content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/22/2001 02:06 PM --------------------------- From: Travis McCullough on 01/22/2001 01:48 PM CST To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Re: Response to PGE request for gas Draft response to PGE -- do you have any comments? Travis McCullough Enron North America Corp. 1400 Smith Street EB 3817 Houston Texas 77002 Phone: (713) 853-1575 Fax: (713) 646-3490 ----- Forwarded by Travis McCullough/HOU/ECT on 01/22/2001 01:47 PM ----- William S Bradford 01/22/2001 01:44 PM To: Travis McCullough/HOU/ECT@ECT cc: Subject: Re: Response to PGE request for gas Works for me. Have you run it by Phillip Allen? From: Travis McCullough on 01/22/2001 01:29 PM To: William S Bradford/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron cc: Subject: Response to PGE request for gas Please call me with any comments or questions. Travis McCullough Enron North America Corp. 1400 Smith Street EB 3817 Houston Texas 77002 Phone: (713) 853-1575 Fax: (713) 646-3490
allen-p/sent/51.
subject: content: Lucy, Here are the actual utility bills versus the cap. Did we collect these overages? Let's discuss further? Remember these bills were paid in July and August. The usage dates are much earlier. I have the bills but I can get them to you if need be. Philip
allen-p/sent/510.
subject: content: By STEVE EVERLY - The Kansas City Star Date: 01/20/01 22:15 As natural gas prices rose in December, traders at the New York Mercantile Exchange kept one eye on the weather forecast and another on a weekly gas storage number. The storage figures showed utilities withdrawing huge amounts of gas, and the forecast was for frigid weather. Traders put the two together, anticipated a supply crunch and drove gas prices to record heights. "Traders do that all the time; they're looking forward," said William Burson, a trader. "It makes the market for natural gas." But the market's response perplexed Chris McGill, the American Gas Association's director of gas supply and transportation. He had compiled the storage numbers since they were first published in 1994, and in his view the numbers were being misinterpreted to show a situation far bleaker than reality. "It's a little frustrating that they don't take the time to understand what we are reporting," McGill said. As consumer outrage builds over high heating bills, the hunt for reasons -- and culprits -- is on. Some within the natural gas industry are pointing fingers at Wall Street. Stephen Adik, senior vice president of the Indiana utility NiSource, recently stepped before an industry conference and blamed the market's speculators for the rise in gas prices. "It's my firm belief ... that today's gas prices are being manipulated," Adik told the trade magazine Public Utilities Fortnightly. In California, where natural gas spikes have contributed to an electric utility crisis, six investigations are looking into the power industry. Closer to home, observers note that utilities and regulators share the blame for this winter's startling gas bills, having failed to protect their customers and constituents from such price spikes. Most utilities, often with the acquiescence of regulators, failed to take precautions such as fixed-rate contracts and hedging -- a sort of price insurance -- that could have protected their customers by locking in gas prices before they soared. "We're passing on our gas costs, which we have no control over," said Paul Snider, a spokesman for Missouri Gas Energy. But critics say the utilities shirked their responsibility to customers. "There's been a failure of risk management by utilities, and that needs to change," said Ed Krapels, director of gas power services for Energy Security Analysis Inc., an energy consulting firm in Wakefield, Mass. Hot topic Consumers know one thing for certain: Their heating bills are up sharply. In many circles, little else is discussed. The Rev. Vincent Fraser of Glad Tidings Assembly of God in Kansas City is facing a $1,456 December bill for heating the church -- more than double the previous December's bill. Church members are suffering from higher bills as well. The Sunday collection is down, said Fraser, who might have to forgo part of his salary. For the first time, the church is unable to meet its financial pledge to overseas missionaries because the money is going to heating. "It's the talk of the town here," he said. A year ago that wasn't a fear. Wholesale gas prices hovered just above $2 per thousand cubic feet -- a level that producers say didn't make it worthwhile to drill for gas. Utilities were even cutting the gas prices paid by customers. But trouble was brewing. By spring, gas prices were hitting $4 per thousand cubic feet, just as utilities were beginning to buy gas to put into storage for winter. There was a dip in the fall, but then prices rebounded. By early November, prices were at $5 per thousand cubic feet. The federal Energy Information Administration was predicting sufficient but tight gas supplies and heating bills that would be 30 percent to 40 percent higher. But $10 gas was coming. Below-normal temperatures hit much of the country, including the Kansas City area, and fears about tight supplies roiled the gas markets. "It's all about the weather," said Krapels of Energy Security Analysis. Wholesale prices exploded to $10 per thousand cubic feet, led by the New York traders. Natural gas sealed its reputation as the most price-volatile commodity in the world. Setting the price In the 1980s, the federal government took the caps off the wellhead price of gas, allowing it to float. In 1990, the New York Mercantile began trading contracts for future delivery of natural gas, and that market soon had widespread influence over gas prices. The futures contracts are bought and sold for delivery of natural gas as soon as next month or as far ahead as three years. Suppliers can lock in sale prices for the gas they expect to produce. And big gas consumers, from utilities to companies such as Farmland Industries Inc., can lock in what they pay for the gas they expect to use. There are also speculators who trade the futures contracts with no intention of actually buying or selling the gas -- and often with little real knowledge of natural gas. But if they get on the right side of a price trend, traders don't need to know much about gas -- or whatever commodity they're trading. Like all futures, the gas contracts are purchased on credit. That leverage adds to their volatility and to the traders' ability to make or lose a lot of money in a short time. As December began, the price of natural gas on the futures market was less than $7 per thousand cubic feet. By the end of the month it was nearly $10. Much of the spark for the rally came from the American Gas Association's weekly storage numbers. Utilities buy ahead and store as much as 50 percent of the gas they expect to need in the winter. Going into the winter, the storage levels were about 5 percent less than average, in part because some utilities were holding off on purchasing, in hopes that the summer's unusually high $4 to $5 prices would drop. Still, the American Gas Association offered assurances that supplies would be sufficient. But when below-normal temperatures arrived in November, the concerns increased among traders that supplies could be insufficient. Then the American Gas Association reported the lowest year-end storage numbers since they were first published in 1994. Still, said the association's McGill, there was sufficient gas in storage. But some utility executives didn't share that view. William Eliason, vice president of Kansas Gas Service, said that if December's cold snap had continued into January, there could have been a real problem meeting demand. "I was getting worried," he said. Then suddenly the market turned when January's weather turned warmer. Wednesday's storage numbers were better than expected, and futures prices dropped more than $1 per thousand cubic feet. Just passing through Some utilities said there was little else to do about the price increase but pass their fuel costs on to customers. Among area utilities, Kansas Gas Service increased its customers' cost-of-gas charge earlier this month to $8.68 per thousand cubic feet. And Missouri Gas Energy has requested an increase to $9.81, to begin Wednesday. Sheila Lumpe, chairwoman of the Missouri Public Service Commission, said last month that because utilities passed along their wholesale costs, little could be done besides urging consumers to join a level-payment plan and to conserve energy. Kansas Gas Service had a small hedging program in place, which is expected to save an average customer about $25 this winter. Missouri Gas Energy has no hedging program. It waited until fall to seek an extension of the program and then decided to pass when regulators would not guarantee that it could recover its hedging costs. Now utilities are being asked to justify the decisions that have left customers with such high gas bills. And regulators are being asked whether they should abandon the practice of letting utilities pass along their fuel costs. On Friday, Doug Micheel, senior counsel of the Missouri Office of the Public Counsel, said his office would ask the Missouri Public Service Commission to perform an emergency audit of Missouri Gas Energy's gas purchasing practices. "Consumers are taking all the risk," Micheel said. "It's time to consider some changes." To reach Steve Everly, call (816) 234-4455 or send e-mail to [email protected]. ------------------------------------------------------------------------------ -- All content , 2001 The Kansas City Star
allen-p/sent/511.
subject: Re: Please respond content: message board
allen-p/sent/512.
subject: Re: Please respond content: need help.
allen-p/sent/513.
subject: content: Jeff, Here is a recent rentroll. I understand another looker went to the property. I want to hear the feedback no matter how discouraging. I am in Portland for the rest of the week. You can reach me on my cell phone 713-410-4679. My understanding was that you would be overnighting some closing statements for Leander on Friday. Please send them to my house (8855 Merlin Ct, Houston, TX 77055). Call me if necessary. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/18/2001 08:06 AM --------------------------- "phillip allen" <[email protected]> on 01/16/2001 06:36:15 PM To: [email protected] cc: Subject: _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com - rentroll_investors_0112.xls
allen-p/sent/514.
subject: content: Larry, The wire should go out today. I am in Portland but can be reached by cell phone 713-410-4679. Call me if there are any issues. I will place a call to my attorney to check on the loan agreement. Phillip
allen-p/sent/515.
subject: content: Lucy, Why did so many tenants not pay this week? #12 95 #21 240 #27 120 #28 260 #33 260 Total 975 It seems these apartments just missed rent. What is up? Other questions: #9-Why didn't they pay anything? By my records, they still owe $40 plus rent should have been due on 12/12 of $220. #3-Why did they short pay?
allen-p/sent/516.
subject: California Action Update 1-14-00 content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001 07:25 AM --------------------------- From: James D Steffes@ENRON on 01/15/2001 11:36 AM CST To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Michael Tribolet/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Christian Yoder/HOU/ECT@ECT, pgboylston@stoel, Travis McCullough/HOU/ECT@ECT, Don Black/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, Scott Stoness/HOU/EES@EES, [email protected], Susan J Mara/NA/Enron@ENRON, [email protected], William S Bradford/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON cc: Subject: California Action Update 1-14-00 Enron has agreed that the key issue is to focus on solving the S-T buying needs. Attached is a spreadsheet that outlines the $ magnitude of the next few months. TALKING POINTS: Lot's of questions about DWR becoming the vehicle for S-T buying and there is a significant legal risk for it becoming the vehicle. WE DO NEED SOMETHING TO BRIDGE BEFORE WE PUT IN L-T CONTRACTS. Huge and growing shortfall ($3.2B through March 31, 2001) The SOONER YOU CAN PUT IN L-T CONTRACTS STOP THE BLEEDING. Bankruptcy takes all authority out of the Legislature's hands. ACTION ITEMS: 1. Energy Sales Participation Agreement During Bankruptcy Michael Tribolet will be contacting John Klauberg to discuss how to organize a Participation Agreement to sell to UDCs in Bankruptcy while securing Super Priority. 2. Legislative Language for CDWR (?) Buying Short-Term Sandi McCubbin / Jeff Dasovich will lead team to offer new language to meet S-T requirements of UDCs. Key is to talk with State of California Treasurer to see if the $ can be found or provided to private firms. ($3.5B by end of April). Pat Boylston will develop "public benefit" language for options working with Mike Day. He can be reached at 503-294-9116 or [email protected]. 3. Get Team to Sacramento Get with Hertzberg to discuss the options (Bev Hansen). Explain the magnitude of the problem. Get Mike Day to help draft language. 4. See if UDCs have any Thoughts Steve Kean will communicate with UDCs to see if they have any solutions or thougths. Probably of limited value. 5. Update List Any new information on this should be communicated to the following people as soon as possible. These people should update their respective business units. ENA Legal - Christian Yoder / Travis McCullough Credit - Michael Tribolet EES - Vicki Sharp / Don Black ENA - Tim Belden / Philip Allen Govt Affairs - Steve Kean / Richard Shapiro
allen-p/sent/517.
subject: California - Jan 13 meeting content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001 07:18 AM --------------------------- From: Steven J Kean@ENRON on 01/14/2001 01:52 PM CST To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, Thomas E White/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Karen Denne/Corp/Enron@ENRON, Mark E Haedicke/HOU/ECT@ECT, Wanda Curry/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Roger Yang/SFO/EES@EES, Dennis Benevides/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES, Sandra McCubbin/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Robert Johnston/HOU/ECT@ECT, Don Black/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Michael Tribolet/Corp/Enron@Enron, Greg Wolfe/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Stephen Swain/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT cc: Subject: California - Jan 13 meeting Attached is a summary of the Jan 13 Davis-Summers summit on the California power situation. We will be discussing this at the 2:00 call today.
allen-p/sent/518.
subject: Re: content: Kristin, Thank you for the California update. Please continue to include me in all further intellegence reports regarding the situation in California. Phillip
allen-p/sent/519.
subject: Re: Analyst Rotating content: Andrea, Please resend the first three resumes. Phillip
allen-p/sent/52.
subject: Re: EOL Screens in new Body Shop content: Bob, Any time tomorrow between 10 am and 1 pm would be good for looking at the plans. As far as the TV's, what do you need me to do? Do we need plasma screens or would regular monitors be just as good at a fraction of the cost. Phillip
allen-p/sent/520.
subject: Analyst Rotating content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/12/2001 01:45 PM --------------------------- Enron North America Corp. From: Andrea Richards @ ENRON 01/10/2001 12:49 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Analyst Rotating Phillip, attached are resumes of analysts that are up for rotation. If you are interested, you may contact them directly. , ,
allen-p/sent/521.
subject: Preliminary 2001 Northwest Hydro Outlook content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/12/2001 01:34 PM --------------------------- TIM HEIZENRADER 01/11/2001 10:17 AM To: Phillip K Allen/HOU/ECT@ECT, John Zufferli/CAL/ECT@ECT cc: Cooper Richey/PDX/ECT@ECT Subject: Preliminary 2001 Northwest Hydro Outlook Here's our first cut at a full year hydro projection: Please keep confidential.
allen-p/sent/522.
subject: content: Jim, Here are the key gas contacts. Work Home Cell Phillip Allen X37041 713-463-8626 713-410-4679 Mike Grigsby X37031 713-780-1022 713-408-6256 Keith Holst X37069 713-667-5889 713-502-9402 Please call me with any significant developments. Phillip
allen-p/sent/524.
subject: updated lease information content: Lucy, The apartments that have new tenants since December 15th are: 1,2,8,12,13,16,20a,20b,25,32,38,39. Are we running an apartment complex or a motel? Please update all lease information on the 1/12 rentroll and email it to me this afternoon. Phillip
allen-p/sent/525.
subject: Re: Wiring instructions content: Larry, Do you want the loan and wire amount to be for exactly $1.1 million. Phillip
allen-p/sent/526.
subject: Re: Analyst PRC content: Thanks for representing Matt. Phillip
allen-p/sent/527.
subject: Re: SM134 content: George, Here is a spreadsheet that illustrates the payout of investment and builders profit. Check my math, but it looks like all the builders profit would be recouped in the first year of operation. At permanent financing $1.1 would be paid, leaving only .3 to pay out in the 1st year. Since almost 80% of builders profit is repaid at the same time as the investment, I feel the 65/35 is a fair split. However, as I mentioned earlier, I think we should negotiate to layer on additional equity to you as part of the construction contract. Just to begin the brainstorming on what a construction agreement might look like here are a few ideas: 1. Fixed construction profit of $1.4 million. Builder doesn't benefit from higher cost, rather suffers as an equity holder. 2. +5% equity for meeting time and costs in original plan ($51/sq ft, phase 1 complete in November) +5% equity for under budget and ahead of schedule -5% equity for over budget and behind schedule This way if things go according to plan the final split would be 60/40, but could be as favorable as 55/45. I realize that what is budget and schedule must be discussed and agreed upon. Feel free to call me at home (713)463-8626 Phillip
allen-p/sent/528.
subject: content: Lucy, Here is a schedule of the most recent utility bills and the overages. There are alot of overages. It will probably get worse this month because of all the cold weather. You need to be very clear with all new tenants about the electricity cap. This needs to be handwritten on all new leases. I am going to fax you copies of the bills that support this spreadsheet. We also need to write a short letter remind everyone about the cap and the need to conserve energy if they don't want to exceed their cap. I will write something today. Wait until you have copies of the bills and the letter before you start collecting. Phillip
allen-p/sent/529.
subject: content: We do not understand our VAR. Can you please get us all the detailed reports and component VAR reports that you can produce? The sooner the better. Phillip
allen-p/sent/53.
subject: Re: test content: test successful. way to go!!!
allen-p/sent/530.
subject: Re: Needs Assessment Form content: Ted, Andrea in the analysts pool asked me to fill out this request. Can you help expedite this process? Phillip
allen-p/sent/531.
subject: content: Frank, Did you receive the information about the San Marcos apartments. I have left several messages at your office to follow up. You mentioned that your plate was fairly full. Are you too busy to look at this project? As I mentioned I would be interested in speaking to you as an advisor or at least a sounding board for the key issues. Please email or call. Phillip Allen [email protected] 713-853-7041
allen-p/sent/532.
subject: content: Questions about 12/29 rentroll: There were two deposits that were not labeled. One for $150 and the other for $75. Which apartments? 20a or #13? Utility overages for #26 and #44? Where did you get these amounts? For what periods? What is going on with #42. Do not evict this tenant for being unclean!!! That will just create an apartment that we will have to spend a lot of money and time remodeling. I would rather try and deal with this tenant by first asking them to clean their apartment and fixing anything that is wrong like leaky pipes. If that doesn't work, we should tell them we will clean the apartment and charge them for the labor. Then we will perform monthly inspections to ensure they are not damaging the property. This tenant has been here since September 1998, I don't want to run them off. I check with the bank and I did not see that a deposit was made on Tuesday so I couldn't check the total from the rentroll against the bank. Is this right? Has the deposit been made yet? A rentroll for Jan 5th will follow shortly. Phillip
allen-p/sent/533.
subject: Re: Untitled.exe Untitled.exe [22/23] content: cannot open this file. Please send in different format
allen-p/sent/534.
subject: Re: SM134 Balcones Bank Loan content: I can't open a winmail.dat file. can you send in a different format
allen-p/sent/535.
subject: New Generation, Nov 30th content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/02/2001 09:34 AM --------------------------- From: Tim Belden 12/05/2000 06:42 AM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: New Generation, Nov 30th ---------------------- Forwarded by Tim Belden/HOU/ECT on 12/05/2000 05:44 AM --------------------------- Kristian J Lande 12/01/2000 03:54 PM To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT, David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Clark/PDX/ECT@ECT, Saji John/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT cc: Alan Comnes/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Todd Perry/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT Subject: New Generation, Nov 30th
allen-p/sent/536.
subject: Meeting with Governor Davis, need for additional content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/29/2000 10:13 AM --------------------------- From: Steven J Kean@ENRON on 12/28/2000 09:19 PM CST To: Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Marty Sunde/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Scott Stoness/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Robert Badeer/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON cc: Subject: Meeting with Governor Davis, need for additional comments/suggestions We met with Gov Davis on Thursday evening in LA. In attendance were Ken Lay, the Governor, the Governor's staff director (Kari Dohn) and myself. The gov. spent over an hour and a half with us covering our suggestions and his ideas. He would like some additional thoughts from us by Tuesday of next week as he prepares his state of the state address for the following Monday. Attached to the end of this memo is a list of solutions we proposed (based on my discussions with several of you) as well as some background materials Jeff Dasovich and I prepared. Below are my notes from the meeting regarding our proposals, the governor's ideas, as well as my overview of the situation based on the governor's comments: Overview: We made great progress in both ensuring that he understands that we are different from the generators and in opening a channel for ongoing communication with his administration. The gov does not want the utilities to go bankrupt and seems predisposed to both rate relief (more modest than what the utilities are looking for) and credit guarantees. His staff has more work to do on the latter, but he was clearly intrigued with the idea. He talked mainly in terms of raising rates but not uncapping them at the retail level. He also wants to use what generation he has control over for the benefit of California consumers, including utility-owned generation (which he would dedicate to consumers on a cost-plus basis) and excess muni power (which he estimates at 3000MW). He foresees a mix of market oriented solutions as well as interventionist solutions which will allow him to fix the problem by '02 and provide some political cover. Our proposals: I have attached the outline we put in front of him (it also included the forward price information several of you provided). He seemed interested in 1) the buy down of significant demand, 2) the state setting a goal of x000 MW of new generation by a date certain, 3) getting the utilities to gradually buy more power forward and 4) setting up a group of rate analysts and other "nonadvocates" to develop solutions to a number of issues including designing the portfolio and forward purchase terms for utilities. He was also quite interested in examining the incentives surrounding LDC gas purchases. As already mentioned, he was also favorably disposed to finding some state sponsored credit support for the utilities. His ideas: The gov read from a list of ideas some of which were obviously under serious consideration and some of which were mere "brainstorming". Some of these ideas would require legislative action. State may build (or make build/transfer arrangements) a "couple" of generation plants. The gov feels strongly that he has to show consumers that they are getting something in return for bearing some rate increases. This was a frequently recurring theme. Utilities would sell the output from generation they still own on a cost-plus basis to consumers. Municipal utilties would be required to sell their excess generation in California. State universities (including UC/CSU and the community colleges) would more widely deploy distributed generation. Expand in-state gas production. Take state lands gas royalties in kind. negotiate directly with tribes and state governments in the west for addtional gas supplies. Empower an existing state agency to approve/coordinate power plant maintenance schedules to avoid having too much generation out of service at any one time. Condition emissions offsets on commitments to sell power longer term in state. Either eliminate the ISO or sharply curtail its function -- he wants to hear more about how Nordpool works(Jeff- someone in Schroeder's group should be able to help out here). Wants to condition new generation on a commitment to sell in state. We made some headway with the idea that he could instead require utilities to buy some portion of their forward requirements from new in-state generation thereby accomplishing the same thing without using a command and control approach with generators. Securitize uncollected power purchase costs. To dos: (Jeff, again I'd like to prevail on you to assemble the group's thoughts and get them to Kari) He wants to see 5 year fixed power prices for peak/ off-peak and baseload -- not just the 5 one year strips. He wants comments on his proposals by Tuesday. He would like thoughts on how to pitch what consumers are getting out of the deal. He wants to assemble a group of energy gurus to help sort through some of the forward contracting issues. Thanks to everyone for their help. We made some progress today.
allen-p/sent/537.
subject: content: Trading Profits P. Allen 200 M. Grigsby 463 Rest of Desk 282 Total 945 I view my bonus as partly attributable to my own trading and partly to the group's performance. Here are my thoughts. Minimum Market Maximum Cash 2 MM 4 MM 6 MM Equity 2 MM 4 MM 6 MM Here are Mike's numbers. I have not made any adjustments to them. Minimum Market Maximum Cash 2 MM 3 MM 4 MM Equity 4 MM 7 MM 12 MM I have given him an "expectations" speech, but you might do the same at some point. Phillip
allen-p/sent/538.
subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/28/2000 09:50 AM --------------------------- Hunter S Shively 12/28/2000 07:15 AM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Larry, I was able to scan my 98 & 99 tax returns into Adobe. Here they are plus the excel file is a net worth statement. If you have any trouble downloading or printing these files let me know and I can fax them to you. Let's talk later today. Phillip P.S. Please remember to get Jim Murnan the info. he needs.
allen-p/sent/539.
subject: content: Gentlemen, I continue to speak to an attorney for help with the investment structure and a mortgage broker for help with the financing. Regarding the financing, I am working with Jim Murnan at Pinnacle Mortgage here in Houston. I have sent him some information on the project, but he needs financial information on you. Can you please send it to him. His contact information is: phone (713)781-5810, fax (713)781-6614, and email [email protected]. I know Larry has been working with a bank and they need my information. I hope to pull that together this afternoon. I took the liberty of calling Thomas Reames from the Frog Pond document. He was positive about his experience overall. He did not seem pleased with the bookkeeping or information flow to the investor. I think we should discuss these procedures in advance. Let's continue to speak or email frequently as new developments occur. Phillip
allen-p/sent/54.
subject: Re: High Speed Internet Access content: 1. login: pallen pw: ke9davis I don't think these are required by the ISP 2. static IP address IP: 64.216.90.105 Sub: 255.255.255.248 gate: 64.216.90.110 DNS: 151.164.1.8 3. Company: 0413 RC: 105891
allen-p/sent/540.
subject: content: Jim, I would appreciate your help in locating financing for the project I described to you last week. The project is a 134 unit apartment complex in San Marcos. There will be a builder/developer plus myself and possibly a couple of other investors involved. As I mentioned last week, I would like to find interim financing (land, construction, semi-perm) that does not require the investors to personally guarantee. If there is a creative way to structure the deal, I would like to hear your suggestions. One idea that has been mentioned is to obtain a "forward commitment" in order to reduce the equity required. I would also appreciate hearing from you how deals of this nature are normally financed. Specifically, the transition from interim to permanent financing. I could use a quick lesson in what numbers will be important to banks. I am faxing you a project summary. And I will have the builder/developer email or fax his financial statement to you. Let me know what else you need. The land is scheduled to close mid January. Phillip Allen
allen-p/sent/541.
subject: content: Jeff, Everything should be done for closing on the Leander deal on the 29th. I have fed ex'd the closing statements and set up a wire transfer to go out tomorrow. When will more money be required? Escrow for roads? Utility connections? Other rezoning costs? What about property taxes? The burnet land lost its ag exemption while I owned it. Are there steps we can take to hold on to the exemption on this property? Can you explain the risks and likelihood of any rollback taxes once the property is rezoned? Do we need to find a farmer and give him grazing rights? What are the important dates coming up and general status of rezoning and annexing? I am worried about the whole country slipping into a recession and American Multifamily walking on this deal. So I just want to make sure we are pushing the process as fast as we can. Phillip
allen-p/sent/542.
subject: content: Steve, I am sending you a variety of charts with prices and operational detail. If you need to call with questions my home number is 713-463-8626. As far as recommendations, here is a short list: 1. Examine LDC's incentive rate program. Current methodology rewards sales above monthly index without enough consideration of future replacement cost. The result is that the LDC's sell gas that should be injected into storage when daily prices run above the monthly index. This creates a shortage in later months. 2. California has the storage capacity and pipeline capacity to meet demand. Investigate why it wasn't maximized operationally. Specific questions should include: 1. Why in March '00-May '00 weren't total system receipts higher in order to fill storage? 2. Why are there so many examples of OFO's on weekends that push away too much gas from Socal's system. I believe Socal gas does an extremely poor job of forecasting their own demand. They repeatedly estimated they would receive more gas than their injection capablity, but injected far less. 3. Similar to the power market, there is too much benchmarking to short term prices. Not enough forward hedging is done by the major LDCs. By design the customers are short at a floating rate. This market has been long historically. It has been a buyers market and the consumer has benefitted. Call me if you need any more input. Phillip
allen-p/sent/543.
subject: Re: Global Ids content: Monique Sanchez Jay Reitmeyer Randy Gay Matt Lenhart
allen-p/sent/544.
subject: content: John, Here is our North of Stanfield forecast for Jan. Supply Jan '01 Dec '00 Jan '00 Sumas 900 910 815 Jackson Pr. 125 33 223 Roosevelt 300 298 333 Total Supply 1325 1241 1371 Demand North of Chehalis 675 665 665 South of Chehalis 650 575 706 Total Demand 1325 1240 1371 Roosevelt capacity is 495. Let me know how your forecast differs. Phillip
allen-p/sent/545.
subject: Re: Global Ids content: Please assign global id's to the four junior traders listed on Dawn's original email. The are all trading and need to have unique id's. Thank you
allen-p/sent/546.
subject: RE: access content: Received the fax. Thank you. I might have to sell the QQQ and take the loss for taxes. But I would roll right into a basket of individual technology stocks. I think I mentioned this to you previously that I have decided to use this account for the kids college.
allen-p/sent/547.
subject: RE: access content: Fax number 713-646-2391
allen-p/sent/548.
subject: Re: Your Approval is Overdue: Access Request for content: PLEASE APPROVE HIM FOR THIS. PHILLIP WILL NOT BE ABLE TO GET INTO HIS EMAIL SYSTEM TO DO THIS. IF YOU HAVE ANY QUESTIONS, OR PROBLEMS, PLEASE CALL ME AT X3-7257. THANK YOU. INA. IF THIS IS A PROBLEM TO DO IT THIS WAY PLEASE CALL ME AND I WILL WALK PHILLIP THROUGH THE STEPS TO APPROVE. IF YOU CALL HIM, HE WILL DIRECT IT TO ME ANYWAY. [email protected] on 12/18/2000 07:07:04 PM To: [email protected] cc: Subject: Your Approval is Overdue: Access Request for [email protected] This request has been pending your approval for 5 days. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000009659&Page= Approval to review and act upon this request. Request ID : 000000000009659 Request Create Date : 12/8/00 8:23:47 AM Requested For : [email protected] Resource Name : VPN Resource Type : Applications
allen-p/sent/549.
subject: Re: SM134 Proforma.xls content: George & Larry, If possible, I would like to get together in Columbus as Larry suggested. Thursday afternoon is the only day that really works for me. Let me know if that would work for you. I was thinking around 2 or 2:30 pm. I will try to email you any questions I have from the latest proforma tomorrow. Phillip
allen-p/sent/55.
subject: FW: fixed forward or other Collar floor gas price terms content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/16/2000 01:42 PM --------------------------- "Buckner, Buck" <[email protected]> on 10/12/2000 01:12:21 PM To: "'[email protected]'" <[email protected]> cc: Subject: FW: fixed forward or other Collar floor gas price terms Phillip, > As discussed during our phone conversation, In a Parallon 75 microturbine > power generation deal for a national accounts customer, I am developing a > proposal to sell power to customer at fixed or collar/floor price. To do > so I need a corresponding term gas price for same. Microturbine is an > onsite generation product developed by Honeywell to generate electricity > on customer site (degen). using natural gas. In doing so, I need your > best fixed price forward gas price deal for 1, 3, 5, 7 and 10 years for > annual/seasonal supply to microturbines to generate fixed kWh for > customer. We have the opportunity to sell customer kWh 's using > microturbine or sell them turbines themselves. kWh deal must have limited/ > no risk forward gas price to make deal work. Therein comes Sempra energy > gas trading, truly you. > > We are proposing installing 180 - 240 units across a large number of > stores (60-100) in San Diego. > Store number varies because of installation hurdles face at small percent. > > For 6-8 hours a day Microturbine run time: > Gas requirement for 180 microturbines 227 - 302 MMcf per year > Gas requirement for 240 microturbines 302 - 403 MMcf per year > > Gas will likely be consumed from May through September, during peak > electric period. > Gas price required: Burnertip price behind (LDC) San Diego Gas & Electric > Need detail breakout of commodity and transport cost (firm or > interruptible). > > Should you have additional questions, give me a call. > Let me assure you, this is real deal!! > > Buck Buckner, P.E., MBA > Manager, Business Development and Planning > Big Box Retail Sales > Honeywell Power Systems, Inc. > 8725 Pan American Frwy > Albuquerque, NM 87113 > 505-798-6424 > 505-798-6050x > 505-220-4129 > 888/501-3145 >
allen-p/sent/550.
subject: content: Jeff, Hear is a new NOI file. I have added an operating statement for 1999 (partial year). I will try to email you some photos soon. Phillip
allen-p/sent/551.
subject: content: Jeff, The files attached contain a current rentroll, 2000 operating statement, and a proforma operating statement.
allen-p/sent/552.
subject: Re: content: Yes. Trading reports to Whalley. He is Lavorato's boss.
allen-p/sent/553.
subject: Re: Call saturday content: Larry, 10 AM tomorrow is good for me. If you want to email me anything tonight, please use [email protected]. Phillip
allen-p/sent/554.
subject: content: Lucy, I want to get the lease data and tenant data updated. The critical information is 1. Move in or lease start date 2. Lease expiration date 3. Rent 4. Deposit If you have the info you can fill in these items 1. Number of occupants 2. Workplace All the new leases should be the long form. The apartments that have new tenants since these columns have been updated back in October are #3,5,9,11,12,17,21,22,23,25,28,33,38. I really need to get this by tomorrow. Please use the rentroll_1215 file to input the correct information on all these tenants. And email it to me tomorrow. You should have all this information on their leases and applications. Phillip
allen-p/sent/555.
subject: content: Lucy, Here is a new file for 12/15. For the rentroll for 12/08 here are my questions: #23 & #24 did not pay. Just late or moving? #25 & #33 Both paid 130 on 12/01 and $0 on 12/08. What is the deal? #11 Looks like she is caught up. When is she due again? Please email the answers. Phillip
allen-p/sent/556.
subject: Re: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000 11:15 AM --------------------------- Enron North America Corp. From: Rebecca W Cantrell 12/13/2000 02:01 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Re: Phillip -- Is the value axis on Sheet 2 of the "socalprices" spread sheet supposed to be in $? If so, are they the right values (millions?) and where did they come from? I can't relate them to the Sheet 1 spread sheet. As I told Mike, we will file this out-of-time tomorrow as a supplement to our comments today along with a cover letter. We have to fully understand the charts and how they are constructed, and we ran out of time today. It's much better to file an out-of-time supplement to timely comments than to file the whole thing late, particuarly since this is apparently on such a fast track. Thanks. From: Phillip K Allen 12/13/2000 03:04 PM To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, [email protected], [email protected], Richard B Sanders/HOU/ECT@ECT, Richard Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W Cantrell/HOU/ECT@ECT cc: Subject: Attached are two files that illustrate the following: As prices rose, supply increased and demand decreased. Now prices are beginning to fall in response these market responses.
allen-p/sent/557.
subject: Re: content: Yes you can use this chart. Does it make sense?
allen-p/sent/558.
subject: Final FIled Version content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000 10:06 AM --------------------------- From: Sarah Novosel@ENRON on 12/13/2000 04:39 PM CST To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON cc: Subject: Final FIled Version ----- Forwarded by Sarah Novosel/Corp/Enron on 12/13/2000 05:35 PM ----- "Randall Rich" <[email protected]> 12/13/2000 05:13 PM To: "Jeffrey Watkiss" <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]> cc: Subject: Final FIled Version The filed version of the comments in the San Diego Gas & Electric matter at FERC is attached. - SANDIEGO.DOC
allen-p/sent/56.
subject: Re: FW: fixed forward or other Collar floor gas price terms content: Mr. Buckner, For delivered gas behind San Diego, Enron Energy Services is the appropriate Enron entity. I have forwarded your request to Zarin Imam at EES. Her phone number is 713-853-7107. Phillip Allen
allen-p/sent/57.
subject: content: Lucy, Here are the rentrolls: Open them and save in the rentroll folder. Follow these steps so you don't misplace these files. 1. Click on Save As 2. Click on the drop down triangle under Save in: 3. Click on the (C): drive 4. Click on the appropriate folder 5. Click on Save: Phillip
allen-p/sent/58.
subject: Consolidated positions: Issues & To Do list content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000 02:16 PM --------------------------- Richard Burchfield 10/06/2000 06:59 AM To: Phillip K Allen/HOU/ECT@ECT cc: Beth Perlman/HOU/ECT@ECT Subject: Consolidated positions: Issues & To Do list Phillip, Below is the issues & to do list as we go forward with documenting the requirements for consolidated physical/financial positions and transport trade capture. What we need to focus on is the first bullet in Allan's list; the need for a single set of requirements. Although the meeting with Keith, on Wednesday, was informative the solution of creating a infinitely dynamic consolidated position screen, will be extremely difficult and time consuming. Throughout the meeting on Wednesday, Keith alluded to the inability to get consensus amongst the traders on the presentation of the consolidated position, so the solution was to make it so that a trader can arrange the position screen to their liking (much like Excel). What needs to happen on Monday from 3 - 5 is a effort to design a desired layout for the consolidated position screen, this is critical. This does not exclude building a capability to create a more flexible position presentation for the future, but in order to create a plan that can be measured we need firm requirements. Also, to reiterate that the goals of this project is a project plan on consolidate physical/financial positions and transport trade capture. The other issues that have been raised will be capture as projects on to themselves, and will need to be prioritised as efforts outside of this project. I have been involved in most of the meetings and the discussions have been good. I believe there has been good communication between the teams, but now we need to have focus on the objectives we set out to solve. Richard ---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000 08:34 AM --------------------------- Allan Severude 10/05/2000 06:03 PM To: Richard Burchfield/HOU/ECT@ECT cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT Subject: Consolidated positions: Issues & To Do list From our initial set of meetings with the traders regarding consolidated positions, I think we still have the following issues: We don't have a single point of contact from the trading group. We've had three meetings which brought out very different issues from different traders. We really need a single point of contact to help drive the trader requirements and help come to a consensus regarding the requirements. We're getting hit with a lot of different requests, many of which appear to be outside the scope of position consolidation. Things left to do: I think it may be useful to try to formulate a high level project goal to make it as clear as possible what we're trying to accomplish with this project. It'll help determine which requests fall under the project scope. Go through the list of requests to determine which are in scope for this project and which fall out of scope. For those in scope, work to define relative importance (priority) of each and work with traders to define the exact requirements of each. Define the desired lay out of the position manager screen: main view and all drill downs. Use the above to formulate a project plan. Things requested thus far (no particular order): Inclusion of Sitara physical deals into the TDS position manager and deal ticker. Customized rows and columns in the position manager (ad hoc rows/columns that add up existing position manager rows/columns). New drill down in the position manager to break out positions by: physical, transport, swaps, options, ... Addition of a curve tab to the position manager to show the real-time values of all curves on which the desk has a position. Ability to split the current position grid to allow daily positions to be shown directly above monthly positions. Each grouped column in the top grid would be tied to a grouped column in the bottom grid. Ability to properly show curve shift for float-for-float deals; determine the appropriate positions to show for each: Gas Daily for monthly index, Physical gas for Nymex, Physical gas for Inside Ferc, Physical gas for Mid market. Ability for TDS to pull valuation results based on a TDS flag instead of using official valuations. Position and P&L aggregation across all gas desks. Ability to include the Gas Price book into TDS: Inclusion of spread options in our systems. Ability to handle volatility skew and correlations. Ability to revalue all options incrementally throughout the trading day. Approximate delta changes between valuations using instantaneous gamma or a gamma grid. Valuation of Gas Daily options. A new position screen for options (months x strike x delta). TBD. Inclusion of positions for exotic options currently managed in spreadsheets. Ability to isolate the position change due to changed deals in the position manager. Ability to view change deal P&L in the TDS deal ticker. Show new deal terms, prior deal terms, and net P&L affect of the change. Eliminate change deals with no economic impact from the TDS deal ticker. Position drill down in the position manager to isolate the impact of individual deals on the position total in a grid cell. Benchmark positions in TDS. Deployment of TDS in Canada. Currency and volume uom conversions. Implicit and explicit position break out issues. -- Allan. PS: Colleen is setting up a meeting tomorrow to discuss the direction for transport. Hopefully we'll know much better where that part stands at that point.
allen-p/sent/59.
subject: Consolidated positions: Issues & To Do list content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000 02:00 PM --------------------------- Richard Burchfield 10/06/2000 06:59 AM To: Phillip K Allen/HOU/ECT@ECT cc: Beth Perlman/HOU/ECT@ECT Subject: Consolidated positions: Issues & To Do list Phillip, Below is the issues & to do list as we go forward with documenting the requirements for consolidated physical/financial positions and transport trade capture. What we need to focus on is the first bullet in Allan's list; the need for a single set of requirements. Although the meeting with Keith, on Wednesday, was informative the solution of creating a infinitely dynamic consolidated position screen, will be extremely difficult and time consuming. Throughout the meeting on Wednesday, Keith alluded to the inability to get consensus amongst the traders on the presentation of the consolidated position, so the solution was to make it so that a trader can arrange the position screen to their liking (much like Excel). What needs to happen on Monday from 3 - 5 is a effort to design a desired layout for the consolidated position screen, this is critical. This does not exclude building a capability to create a more flexible position presentation for the future, but in order to create a plan that can be measured we need firm requirements. Also, to reiterate that the goals of this project is a project plan on consolidate physical/financial positions and transport trade capture. The other issues that have been raised will be capture as projects on to themselves, and will need to be prioritised as efforts outside of this project. I have been involved in most of the meetings and the discussions have been good. I believe there has been good communication between the teams, but now we need to have focus on the objectives we set out to solve. Richard ---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000 08:34 AM --------------------------- Allan Severude 10/05/2000 06:03 PM To: Richard Burchfield/HOU/ECT@ECT cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT Subject: Consolidated positions: Issues & To Do list From our initial set of meetings with the traders regarding consolidated positions, I think we still have the following issues: We don't have a single point of contact from the trading group. We've had three meetings which brought out very different issues from different traders. We really need a single point of contact to help drive the trader requirements and help come to a consensus regarding the requirements. We're getting hit with a lot of different requests, many of which appear to be outside the scope of position consolidation. Things left to do: I think it may be useful to try to formulate a high level project goal to make it as clear as possible what we're trying to accomplish with this project. It'll help determine which requests fall under the project scope. Go through the list of requests to determine which are in scope for this project and which fall out of scope. For those in scope, work to define relative importance (priority) of each and work with traders to define the exact requirements of each. Define the desired lay out of the position manager screen: main view and all drill downs. Use the above to formulate a project plan. Things requested thus far (no particular order): Inclusion of Sitara physical deals into the TDS position manager and deal ticker. Customized rows and columns in the position manager (ad hoc rows/columns that add up existing position manager rows/columns). New drill down in the position manager to break out positions by: physical, transport, swaps, options, ... Addition of a curve tab to the position manager to show the real-time values of all curves on which the desk has a position. Ability to split the current position grid to allow daily positions to be shown directly above monthly positions. Each grouped column in the top grid would be tied to a grouped column in the bottom grid. Ability to properly show curve shift for float-for-float deals; determine the appropriate positions to show for each: Gas Daily for monthly index, Physical gas for Nymex, Physical gas for Inside Ferc, Physical gas for Mid market. Ability for TDS to pull valuation results based on a TDS flag instead of using official valuations. Position and P&L aggregation across all gas desks. Ability to include the Gas Price book into TDS: Inclusion of spread options in our systems. Ability to handle volatility skew and correlations. Ability to revalue all options incrementally throughout the trading day. Approximate delta changes between valuations using instantaneous gamma or a gamma grid. Valuation of Gas Daily options. A new position screen for options (months x strike x delta). TBD. Inclusion of positions for exotic options currently managed in spreadsheets. Ability to isolate the position change due to changed deals in the position manager. Ability to view change deal P&L in the TDS deal ticker. Show new deal terms, prior deal terms, and net P&L affect of the change. Eliminate change deals with no economic impact from the TDS deal ticker. Position drill down in the position manager to isolate the impact of individual deals on the position total in a grid cell. Benchmark positions in TDS. Deployment of TDS in Canada. Currency and volume uom conversions. Implicit and explicit position break out issues. -- Allan. PS: Colleen is setting up a meeting tomorrow to discuss the direction for transport. Hopefully we'll know much better where that part stands at that point.
allen-p/sent/6.
subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/07/2000 09:08 AM --------------------------- Jeff Richter 12/07/2000 06:31 AM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula tors Visit AES,Dynegy Off-Line Power Plants ---------------------- Forwarded by Jeff Richter/HOU/ECT on 12/07/2000 08:38 AM --------------------------- Carla Hoffman 12/07/2000 06:19 AM To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT cc: Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula tors Visit AES,Dynegy Off-Line Power Plants ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 06:29 AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" <[email protected]> 12/07/2000 06:11 AM To: undisclosed-recipients:; cc: Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula tors Visit AES,Dynegy Off-Line Power Plants 13:18 GMT 7 December 2000 DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources (This article was originally published Wednesday) LOS ANGELES (Dow Jones)--The California Independent System Operator paid about $10 million Wednesday for 1,000 megawatts of power from Powerex and still faced a massive deficit that threatened electricity reliability in the state, high-ranking market sources familiar with the ISO's operation told Dow Jones Newswires. But the ISO fell short of ordering rolling blackouts Wednesday for the third consecutive day. The ISO wouldn't comment on the transactions, saying it is sensitive market information. But sources said Powerex, a subsidiary of British Columbia Hydro & Power Authority (X.BCH), is the only energy company in the Northwest region with an abundant supply of electricity to spare and the ISO paid about $900 a megawatt-hour from the early afternoon through the evening. But that still wasn't enough juice. The Los Angeles Department of Water and Power sold the ISO 1,200 megawatts of power later in the day at the wholesale electricity price cap rate of $250/MWh. The LADWP, which is not governed by the ISO, needs 3,800 megawatts of power to serve its customers. It is free sell power instate above the $250/MWh price cap. The LADWP has been very vocal about the amount of power it has to spare. The municipal utility has also reaped huge profits by selling its excess power into the grid when supply is tight and prices are high. However, the LADWP is named as a defendant in a civil lawsuit alleging price gouging. The suit claims the LADWP sells some of its power it gets from the federal Bonneville Power Administration, which sells hydropower at cheap rates, back into the market at prices 10 times higher. Powerex officials wouldn't comment on the ISO power sale, saying all transactions are proprietary. But the company also sold the ISO 1,000 megawatts Tuesday - minutes before the ISO was to declare rolling blackouts - for $1,100 a megawatt-hour, market sources said. The ISO, whose main job is to keep electricity flowing throughout the state no matter what the cost, started the day with a stage-two power emergency, which means its operating reserves fell to less than 5%. The ISO is having to compete with investor-owned utilities in the Northwest that are willing to pay higher prices for power in a region where there are no price caps. The ISO warned federal regulators, generators and utilities Wednesday during a conference call that it would call a stage-three power emergency Wednesday, but wouldn't order rolling blackouts. A stage three is declared when the ISO's operating reserves fall to less than 1.5% and power is interrupted on a statewide basis to keep the grid from collapsing. But ISO spokesman Patrick Dorinson said it would call a stage three only as a means of attracting additional electricity resources. "In order to line up (more power) we have to be in a dire situation," Dorinson said. Edison International unit (EIX) Southern California Edison, Sempra Energy unit (SRE) San Diego Gas & Electric, PG&E Corp. (PCG) unit Pacific Gas & Electric and several municipal utilities in the state will share the cost of the high-priced power. SoCal Edison and PG&E are facing a debt of more than $6 billion due to high wholesale electricity costs. The utilities debt this week could grow by nearly $1 billion, analysts said. It's still unclear whether retail customers will be forced to pay for the debt through higher electricity rates or if companies will absorb the costs. -By Jason Leopold, Dow Jones Newswires; 323-658-3874; [email protected] (END) Dow Jones Newswires 07-12-00 1318GMT Copyright (c) 2000, Dow Jones & Company Inc 13:17 GMT 7 December 2000 DJ Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant (This article was originally published Wednesday) LOS ANGELES (Dow Jones)--Representatives of the California Independent System Operator and Public Utilities Commission inspected Duke Energy Corp.'s (DUK) off-line 700-MW South Bay Power Plant in Chula Vista, Calif., Wednesday morning, a Duke spokesman said. The ISO and PUC have been inspecting all off-line power plants in the state since Tuesday evening to verify that those plants are shut down for the reasons generators say they are, ISO spokesman Pat Dorinson said. About 11,000 MW of power has been off the state's power grid since Monday, 7,000 MW of which is off-line for unplanned maintenance, according to the ISO. The ISO manages grid reliability. As previously reported, the ISO told utilities and the Federal Energy Regulatory Commission Wednesday that it would call a stage three power alert at 5 PM PST (0100 GMT Thursday), meaning power reserves in the state would dip below 1.5% and rolling blackouts could be implemented to avoid grid collapse. However, the ISO said the action wouldn't result in rolling blackouts. The ISO and PUC also inspected Tuesday plants owned by Dynegy Inc (DYN), Reliant Energy Inc. (REI) and Southern Energy Inc (SOE). Duke's 1,500-MW Moss Landing plant was also inspected by PUC representatives in June, when some units were off-line for repairs, the Duke spokesman said. -By Jessica Berthold, Dow Jones Newswires; 323-658-3872; [email protected] (END) Dow Jones Newswires 07-12-00 1317GMT Copyright (c) 2000, Dow Jones & Company Inc 13:17 GMT 7 December 2000 =DJ Calif Regulators Visit AES,Dynegy Off-Line Power Plants (This article was originally published Wednesday) By Jessica Berthold Of DOW JONES NEWSWIRES LOS ANGELES (Dow Jones)--AES Corp. (AES) and Dynegy Inc. (DYN) said Wednesday that representatives of California power officials had stopped by some of their power plants to verify that they were off line for legitimate reasons. The California Independent System Operator, which manages the state's power grid and one of its wholesale power markets, and the California Public Utilities Commission began on-site inspections Tuesday night of all power plants in the state reporting that unplanned outages have forced shutdowns, ISO spokesman Pat Dorinson said. The state has had 11,000 MW off the grid since Monday, 7,000 MW for unplanned maintenance. The ISO Wednesday called a Stage 2 power emergency for the third consecutive day, meaning power reserves were below 5% and customers who agreed to cut power in exchange for reduced rates may be called on to do so. As reported earlier, Reliant Energy (REI) and Southern Energy Inc. (SOE) said they had been visited by representatives of the ISO and PUC Tuesday evening. Representatives of the two organizations also visited plants owned by AES and Dynegy Tuesday evening. AES told the visitors they couldn't perform an unannounced full inspection of the company's 450-megawatt Huntington Beach power station until Wednesday morning, when the plant's full staff would be present, AES spokesman Aaron Thomas said. Thomas, as well as an ISO spokesman, didn't know whether the representatives returned Wednesday for a full inspection. AES Units Down Due To Expired Emissions Credits The Huntington Beach facility and units at two other AES facilities have used up their nitrogen oxide, or NOx, emission credits. They were taken down two weeks ago in response to a request by the South Coast Air Quality Management District to stay off line until emissions controls are deployed, Thomas said. AES has about 2,000 MW, or half its maximum output, off line. The entire Huntington plant is off line, as is 1,500 MW worth of units at its Alamitos and Redondo Beach plants. The ISO has asked AES to return its off line plants to operations, but AES has refused because it is concerned the air quality district will fine the company $20 million for polluting. "We'd be happy to put our units back, provided we don't get sued for it," Thomas said. "It's not clear to us that the ISO trumps the air quality district's" authority. As reported, a spokesman for the air quality district said Tuesday that AES could have elected to buy more emission credits so that it could run its off line plants in case of power emergencies, but choose not to do so. Dynegy's El Segundo Plant Also Visited By PUC Dynegy Inc. (DYN) said the PUC visited its 1,200 MW El Segundo plant Tuesday evening, where two of the four units, about 600 MW worth, were off line Wednesday. "I guess our position is, 'Gee, we're sorry you don't believe us, but if you need to come and take a look for yourself, that's fine,'" said Dynegy spokesman Lynn Lednicky. Lednicky said one of the two units was off line for planned maintenance and the other for unplanned maintenance on boiler feedwater pumps, which could pose a safety hazard if not repaired. "We've been doing all we can to get back in service," Lednicky said. "We even paid to have some specialized equipment expedited." Lednicky added that the PUC seemed satisfied with Dynegy's explanation of why its units were off line. -By Jessica Berthold, Dow Jones Newswires; 323-658-3872, [email protected] (END) Dow Jones Newswires 07-12-00 1317GMT Copyright (c) 2000, Dow Jones & Company Inc G_nther A. Pergher Senior Analyst Dow Jones & Company Inc. Tel. 609.520.7067 Fax. 609.452.3531 The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.
allen-p/sent/60.
subject: content: Dave, Here are the names of the west desk members by category. The origination side is very sparse. Phillip
allen-p/sent/61.
subject: Re: 2001 Margin Plan content: Paula, 35 million is fine Phillip
allen-p/sent/62.
subject: Var, Reporting and Resources Meeting content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/04/2000 04:23 PM --------------------------- Enron North America Corp. From: Airam Arteaga 10/04/2000 12:23 PM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli Romero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect Subject: Var, Reporting and Resources Meeting Please plan to attend the below Meeting: Topic: Var, Reporting and Resources Meeting Date: Wednesday, October 11th Time: 2:30 - 3:30 Location: EB30C1 If you have any questions/conflicts, please feel free to call me. Thanks, Rain x.31560
allen-p/sent/63.
subject: Westgate content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000 04:30 PM --------------------------- "George Richards" <[email protected]> on 10/03/2000 06:35:56 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Westgate Enclosed are demographics on the Westgate site from Investor's Alliance. Investor's Alliance says that these demographics are similar to the package on San Marcos that you received earlier. If there are any other questions or information requirements, let me know. Then, let me know your interest level in the Westgate project? San Marcos The property across the street from the Sagewood units in San Marcos is for sale and approved for 134 units. The land is selling for $2.50 per square foot as it is one of only two remaining approved multifamily parcels in West San Marcos, which now has a moratorium on development. Several new studies we have looked at show that the rents for our duplexes and for these new units are going to be significantly higher, roughly $1.25 per square foot if leased for the entire unit on a 12-month lease and $1.30-$1.40 psf if leased on a 12-month term, but by individual room. This property will have the best location for student housing of all new projects, just as the duplexes do now. If this project is of serious interest to you, please let me know as there is a very, very short window of opportunity. The equity requirement is not yet known, but it would be likely to be $300,000 to secure the land. I will know more on this question later today. Sincerely, George W. Richards President, Creekside Builders, LLC - winmail.dat
allen-p/sent/64.
subject: Meeting re: Storage Strategies in the West content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000 04:13 PM --------------------------- Nancy Hall@ENRON 10/02/2000 06:42 AM To: Mark Whitt/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Paul T Lucci/NA/Enron@Enron, Paul Bieniawski/Corp/Enron@ENRON, Tyrell Harrison/NA/Enron@Enron cc: Jean Mrha/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Monica Jackson/Corp/Enron@ENRON Subject: Meeting re: Storage Strategies in the West There will be a meeting on Tuesday, Oct. 10th at 4:00pm in EB3270 regarding Storage Strategies in the West. Please mark your calendars. Thank you! Regards, Nancy Hall ENA Denver office 303-575-6490
allen-p/sent/65.
subject: content: Brenda, Please use the second check as the October payment. If you have already tossed it, let me know so I can mail you another. Phillip
allen-p/sent/66.
subject: Re: Not business related.. content: I think Fletch has a good CPA. I am still doing my own.
allen-p/sent/67.
subject: Re: Original Sept check/closing content: Brenda, Please use the second check as my October payment. I have my copy of the original deal. Do you want me to fax this to you? Phillip
allen-p/sent/68.
subject: San Juan Index content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/28/2000 01:09 PM --------------------------- From: Phillip K Allen 09/28/2000 10:56 AM Liane, As we discussed yesterday, I am concerned there may have been an attempt to manipulate the El Paso San Juan monthly index. It appears that a single buyer entered the marketplace on both September 26 and 27 and paid above market prices ($4.70-$4.80) for San Juan gas. At the time of these trades, offers for physical gas at significantly (10 to 15 cents) lower prices were bypassed in order to establish higher trades to report into the index calculation. Additionally, these trades are out of line with the associated financial swaps for San Juan. We have compiled a list of financial and physical trades executed from September 25 to September 27. These are the complete list of trades from Enron Online (EOL), Enron's direct phone conversations, and three brokerage firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a trade by trade list and a summary. We have also included a summary of gas daily prices to illustrate the value of San Juan based on several spread relationships. The two key points from this data are as follows: 1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater than the high financial trades (4.6375,4.665) on those days. 2. The spread relationship between San Juan and other points (Socal & Northwest) is consistent between the end of September and October gas daily. It doesn't make sense to have monthly indices that are dramatically different. I understand you review the trades submitted for outliers. Hopefully, the trades submitted will reveal counterparty names and you will be able to determine that there was only one buyer in the 4.70's and these trades are outliers. I wanted to give you some additional points of reference to aid in establishing a reasonable index. It is Enron's belief that the trades at $4.70 and higher were above market trades that should be excluded from the calculation of index. It is our desire to have reliable and accurate indices against which to conduct our physical and financial business. Please contact me anytime I can assist you towards this goal. Sincerely, Phillip Allen
allen-p/sent/688.
subject: Re: You Game? content: raincheck?
allen-p/sent/69.
subject: San Juan Index content: Liane, As we discussed yesterday, I am concerned there has been an attempt to manipulate the El Paso San Juan monthly index. A single buyer entered the marketplace on both September 26 and 27 and paid above market prices ($4.70-$4.80) for San Juan gas with the intent to distort the index. At the time of these trades, offers for physical gas at significantly (10 to 15 cents) lower prices were bypassed in order to establish higher trades to report into the index calculation. Additionally, these trades are out of line with the associated financial swaps for San Juan. We have compiled a list of financial and physical trades executed from September 25 to September 27. These are the complete list of trades from Enron Online (EOL), Enron's direct phone conversations, and three brokerage firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a trade by trade list and a summary. We have also included a summary of gas daily prices to illustrate the value of San Juan based on several spread relationships. The two key points from this data are as follows: 1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater than the high financial trades (4.6375,4.665) on those days. 2. The spread relationship between San Juan and other points (Socal & Northwest) is consistent between the end of September and October gas daily. It doesn't make sense to have monthly indeces that are dramatically different. I understand you review the trades submitted for outliers. Hopefully, the trades submitted will reveal counterparty names and you will be able to determine that there was only one buyer in the 4.70's and these trades are outliers. I wanted to give you some additional points of reference to aid in establishing a reasonable index. It is Enron's belief that the trades at $4.70 and higher were above market trades that should be excluded from the calculation of index. It is our desire to have reliable and accurate indeces against which to conduct our physical and financial business. Please contact me anytime I can assist you towards this goal. Sincerely, Phillip Allen
allen-p/sent/7.
subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/06/2000 04:04 PM --------------------------- "Lucy Gonzalez" <[email protected]> on 12/05/2000 08:34:54 AM To: [email protected] cc: Subject: Phillip, How are you and how is everyone? I sent you the rent roll #27 is moving out and I wknow that I will be able to rent it real fast.All I HAVE TO DO IN there is touch up the walls .Four adults will be moving in @130.00 a wk and 175.00 deposit they will be in by Thursday or Friday. Thank You , Lucy ______________________________________________________________________________ _______ Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com - rentroll_1201.xls
allen-p/sent/70.
subject: Investment Structure content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 04:28 PM --------------------------- "George Richards" <[email protected]> on 09/26/2000 01:18:45 PM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]>, "Claudia L. Crocker" <[email protected]> Subject: Investment Structure STRUCTURE: Typically the structure is a limited partnership with a corporate (or LLC) general partner. The General Partner owns 1% of the project and carries the liability of construction. LAND OWNERSHIP & LOANS The property would be purchased in the name of the limited partnership and any land loans, land improvements loans and construction loans would be in the name of the limited partnership. Each of the individual investors and all of the principals in Creekside would also personally guarantee the loans. If the investor(s) do not sign on the loans, this generally means that a larger amount of cash is required and the investor's share of profits is reduced. All loans for residential construction, that are intended for re-sale, are full recourse loans. If we are pursuing multifamily rental developments, the construction loans are still full recourse but the mortgage can often be non-recourse. USE OF INITIAL INVESTMENT The initial investment is used for land deposit, engineering & architectural design, soils tests, surveys, filing fees, legal fees for organization and condominium association formation, and appraisals. Unlike many real estate investment programs, none of the funds are used for fees to Creekside Builders, LLC. These professional expenses will be incurred over the estimated 6 month design and approval period. EARLY LAND COSTS The $4,000 per month costs listed in the cash flow as part of land cost represent the extension fees due to the seller for up to 4 months of extensions on closing. As an alternative, we can close into a land loan at probably 70% of appraised value. With a land value equal to the purchase price of $680,000 this would mean a land loan of $476,000 with estimated monthly interest payments of $3,966, given a 10% annual interest rate, plus approximately 1.25% of the loan amount for closing costs and loan fees. EQUITY AT IMPROVEMENT LOAN Once the site plan is approved by the City of Austin, the City will require the development entity to post funds for fiscal improvements, referred to as the "fiscals". This cost represents a bond for the completion of improvements that COA considers vital and these funds are released once the improvements have been completed and accepted by COA. This release will be for 90% of the cost with the remaining 10% released one year after completion. Releases can be granted once every 90 days and you should expect that the release would occur 6 months after the start of lot improvement construction. These fiscals are usually posted in cash or an irrevocable letter of credit. As such, they have to be counted as a development cost, even though they are not spent. Because they are not spent no interest is charged on these funds. The lot improvement loan is typically 75% of the appraised value of a finished lot, which I suspect will be at least $20,000 and potentially as high as $25,000. This would produce a loan amount of $15,000 on $20,000 per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at $2,000 and the land cost at $8,000 , total improved lot cost is $19,000 which means $0 to $4,000 per lot in total equity. The investment prior to obtaining the improvement loan would count towards any equity requirement provided it was for direct costs. Thus, the additional equity for the improvement loan would be $0-$184,000. Even if the maximum loan would cover all costs, it is unlikely the bank would allow reimbursement of funds spent. The higher estimates of equity investments are shown in the preliminary proforma to be on the safe side. The engineer is preparing a tentative site layout with an initial evaluation of the phasing, which can significantly reduce the cash equity requirement. Phasing works as follows. If the first phase was say 40 units, the total lot improvement cost might average $31,000 per lot. Of this, probably $13,000 would be for improvements and $19,000 for the land cost. The improvements are higher to cover large one time up front costs for design costs, the entry road, water treatment costs, perimeter fencing and landscaping, and so on, as well as for 100% of the land. The land loan for undeveloped lots would be 70% of the appraised raw lot value, which I would estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the loan value for each improved lot would be $15,000 per lot. This would give you a total loan of $992,000, total cost of $1,232,645 for equity required of $241,000. This was not presented in the initial analysis as the phasing is depended on a more careful assessment by the Civil Engineer as the separate phases must each be able to stand on its own from a utility standpoint. CONSTRUCTION LOANS There are three types of construction loans. First, is a speculative (spec) loan that is taken out prior to any pre-sales activity. Second, is a construction loan for a pre-sold unit, but the loan remains in the builder/developers name. Third, is a pre-sold unit with the construction loan in the name of the buyer. We expect to have up to 8 spec loans to start the project and expect all other loans to be pre-sold units with loans in the name of the builder/developer. We do not expect to have any construction loans in the name of the buyers, as such loans are too difficult to manage and please new buyers unfamiliar with the process. Spec loans will be for 70% to 75% of value and construction loans for pre-sold units, if the construction loan is from the mortgage lender, will be from 80% to 95% of value. DISBURSEMENTS Disbursements will be handled by the General Partner to cover current and near term third party costs, then to necessary reserves, then to priority payments and then to the partners per the agreement. The General Partner will contract with Creekside Builders, LLC to construct the units and the fee to CB will include a construction management and overhead fee equal to 15% of the direct hard cost excluding land, financing and sales costs. These fees are the only monies to Creekside, Larry Lewter or myself prior to calculation of profit, except for a) direct reimbursement for partnership expenses and b) direct payment to CB for any subcontractor costs that it has to perform. For example, if CB cannot find a good trim carpenter sub, or cannot find enough trim carpenters, etc., and it decides to undertake this function, it will charge the partnership the same fee it was able to obtain from third parties and will disclose those cases to the partnership. Finally, CB will receive a fee for the use of any of its equipment if it is used in lieu of leasing equipment from others. At present CB does not own any significant equipment, but it is considering the purchase of a sky track to facilitate and speed up framing, cornice, roofing and drywall spreading. REPORTING We are more than willing to provide reports to track expenses vs. plan. What did you have in mind? I would like to use some form of internet based reporting. BOOKKEEPING I am not sure what you are referring to by the question, "Bookkeeping procedures to record actual expenses?" Please expand. INVESTOR INPUT We are glad to have the investor's input on design and materials. As always the question will be who has final say if there is disagreement, but in my experience I have always been able to reach consensus. As you, and I presume Keith, want to be involved to learn as much as possible we would make every effort to be accommodating. CREEKSIDE PROCEEDURES CB procedures for dealing with subs, vendors and professionals is not as formal as your question indicates. In the EXTREMELY tight labor market obtaining 3 bids for each labor trade is not feasible. For the professional subs we use those with whom we have developed a previous rapport. Finally, for vendors they are constantly shopped. PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS Yes there are many different subs that have been identified and I can provide these if you are interested. I know I have not answered everything, but this is a starting point. Call when you have reviewed and we can discuss further. Sincerely, George Richards President, Creekside Builders, LLC - winmail.dat
allen-p/sent/706.
subject: Re: Pick your Poison? content: No can do. Are you in the zone?
allen-p/sent/71.
subject: Investment Structure content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 04:26 PM --------------------------- "George Richards" <[email protected]> on 09/26/2000 01:18:45 PM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]>, "Claudia L. Crocker" <[email protected]> Subject: Investment Structure STRUCTURE: Typically the structure is a limited partnership with a corporate (or LLC) general partner. The General Partner owns 1% of the project and carries the liability of construction. LAND OWNERSHIP & LOANS The property would be purchased in the name of the limited partnership and any land loans, land improvements loans and construction loans would be in the name of the limited partnership. Each of the individual investors and all of the principals in Creekside would also personally guarantee the loans. If the investor(s) do not sign on the loans, this generally means that a larger amount of cash is required and the investor's share of profits is reduced. All loans for residential construction, that are intended for re-sale, are full recourse loans. If we are pursuing multifamily rental developments, the construction loans are still full recourse but the mortgage can often be non-recourse. USE OF INITIAL INVESTMENT The initial investment is used for land deposit, engineering & architectural design, soils tests, surveys, filing fees, legal fees for organization and condominium association formation, and appraisals. Unlike many real estate investment programs, none of the funds are used for fees to Creekside Builders, LLC. These professional expenses will be incurred over the estimated 6 month design and approval period. EARLY LAND COSTS The $4,000 per month costs listed in the cash flow as part of land cost represent the extension fees due to the seller for up to 4 months of extensions on closing. As an alternative, we can close into a land loan at probably 70% of appraised value. With a land value equal to the purchase price of $680,000 this would mean a land loan of $476,000 with estimated monthly interest payments of $3,966, given a 10% annual interest rate, plus approximately 1.25% of the loan amount for closing costs and loan fees. EQUITY AT IMPROVEMENT LOAN Once the site plan is approved by the City of Austin, the City will require the development entity to post funds for fiscal improvements, referred to as the "fiscals". This cost represents a bond for the completion of improvements that COA considers vital and these funds are released once the improvements have been completed and accepted by COA. This release will be for 90% of the cost with the remaining 10% released one year after completion. Releases can be granted once every 90 days and you should expect that the release would occur 6 months after the start of lot improvement construction. These fiscals are usually posted in cash or an irrevocable letter of credit. As such, they have to be counted as a development cost, even though they are not spent. Because they are not spent no interest is charged on these funds. The lot improvement loan is typically 75% of the appraised value of a finished lot, which I suspect will be at least $20,000 and potentially as high as $25,000. This would produce a loan amount of $15,000 on $20,000 per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at $2,000 and the land cost at $8,000 , total improved lot cost is $19,000 which means $0 to $4,000 per lot in total equity. The investment prior to obtaining the improvement loan would count towards any equity requirement provided it was for direct costs. Thus, the additional equity for the improvement loan would be $0-$184,000. Even if the maximum loan would cover all costs, it is unlikely the bank would allow reimbursement of funds spent. The higher estimates of equity investments are shown in the preliminary proforma to be on the safe side. The engineer is preparing a tentative site layout with an initial evaluation of the phasing, which can significantly reduce the cash equity requirement. Phasing works as follows. If the first phase was say 40 units, the total lot improvement cost might average $31,000 per lot. Of this, probably $13,000 would be for improvements and $19,000 for the land cost. The improvements are higher to cover large one time up front costs for design costs, the entry road, water treatment costs, perimeter fencing and landscaping, and so on, as well as for 100% of the land. The land loan for undeveloped lots would be 70% of the appraised raw lot value, which I would estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the loan value for each improved lot would be $15,000 per lot. This would give you a total loan of $992,000, total cost of $1,232,645 for equity required of $241,000. This was not presented in the initial analysis as the phasing is depended on a more careful assessment by the Civil Engineer as the separate phases must each be able to stand on its own from a utility standpoint. CONSTRUCTION LOANS There are three types of construction loans. First, is a speculative (spec) loan that is taken out prior to any pre-sales activity. Second, is a construction loan for a pre-sold unit, but the loan remains in the builder/developers name. Third, is a pre-sold unit with the construction loan in the name of the buyer. We expect to have up to 8 spec loans to start the project and expect all other loans to be pre-sold units with loans in the name of the builder/developer. We do not expect to have any construction loans in the name of the buyers, as such loans are too difficult to manage and please new buyers unfamiliar with the process. Spec loans will be for 70% to 75% of value and construction loans for pre-sold units, if the construction loan is from the mortgage lender, will be from 80% to 95% of value. DISBURSEMENTS Disbursements will be handled by the General Partner to cover current and near term third party costs, then to necessary reserves, then to priority payments and then to the partners per the agreement. The General Partner will contract with Creekside Builders, LLC to construct the units and the fee to CB will include a construction management and overhead fee equal to 15% of the direct hard cost excluding land, financing and sales costs. These fees are the only monies to Creekside, Larry Lewter or myself prior to calculation of profit, except for a) direct reimbursement for partnership expenses and b) direct payment to CB for any subcontractor costs that it has to perform. For example, if CB cannot find a good trim carpenter sub, or cannot find enough trim carpenters, etc., and it decides to undertake this function, it will charge the partnership the same fee it was able to obtain from third parties and will disclose those cases to the partnership. Finally, CB will receive a fee for the use of any of its equipment if it is used in lieu of leasing equipment from others. At present CB does not own any significant equipment, but it is considering the purchase of a sky track to facilitate and speed up framing, cornice, roofing and drywall spreading. REPORTING We are more than willing to provide reports to track expenses vs. plan. What did you have in mind? I would like to use some form of internet based reporting. BOOKKEEPING I am not sure what you are referring to by the question, "Bookkeeping procedures to record actual expenses?" Please expand. INVESTOR INPUT We are glad to have the investor's input on design and materials. As always the question will be who has final say if there is disagreement, but in my experience I have always been able to reach consensus. As you, and I presume Keith, want to be involved to learn as much as possible we would make every effort to be accommodating. CREEKSIDE PROCEEDURES CB procedures for dealing with subs, vendors and professionals is not as formal as your question indicates. In the EXTREMELY tight labor market obtaining 3 bids for each labor trade is not feasible. For the professional subs we use those with whom we have developed a previous rapport. Finally, for vendors they are constantly shopped. PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS Yes there are many different subs that have been identified and I can provide these if you are interested. I know I have not answered everything, but this is a starting point. Call when you have reviewed and we can discuss further. Sincerely, George Richards President, Creekside Builders, LLC - winmail.dat
allen-p/sent/72.
subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- Reschedule Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 10/03/2000 02:30 PM End: 10/03/2000 03:30 PM Description: Gas Physical/Financail Positions - Room 2537 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Fletcher J Sturm/HOU/ECT Scott Neal/HOU/ECT Hunter S Shively/HOU/ECT Phillip K Allen/HOU/ECT Allan Severude/HOU/ECT Scott Mills/HOU/ECT Russ Severson/HOU/ECT Detailed description: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- Confirmation Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 10/03/2000 02:30 PM End: 10/03/2000 03:30 PM Description: Gas Physical/Financail Positions - Room 2537 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Fletcher J Sturm/HOU/ECT Scott Neal/HOU/ECT Hunter S Shively/HOU/ECT Phillip K Allen/HOU/ECT Allan Severude/HOU/ECT Scott Mills/HOU/ECT Russ Severson/HOU/ECT Detailed description: Status update: Fletcher J Sturm -> No Response Scott Neal -> No Response Hunter S Shively -> No Response Phillip K Allen -> No Response Allan Severude -> Accepted Scott Mills -> Accepted Russ Severson -> No Response ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- Reschedule Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/27/2000 02:00 PM End: 09/27/2000 03:00 PM Description: Gas Trading Vision Meeting - Room EB2601 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Phillip K Allen/HOU/ECT@ECT Hunter S Shively/HOU/ECT@ECT Scott Mills/HOU/ECT@ECT Allan Severude/HOU/ECT@ECT Jeffrey C Gossett/HOU/ECT@ECT Colleen Sullivan/HOU/ECT@ECT Russ Severson/HOU/ECT@ECT Jayant Krishnaswamy/HOU/ECT@ECT Russell Long/HOU/ECT@ECT Detailed description: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- Confirmation Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/27/2000 02:00 PM End: 09/27/2000 03:00 PM Description: Gas Trading Vision Meeting - Room EB2601 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Phillip K Allen/HOU/ECT@ECT Hunter S Shively/HOU/ECT@ECT Scott Mills/HOU/ECT@ECT Allan Severude/HOU/ECT@ECT Jeffrey C Gossett/HOU/ECT@ECT Colleen Sullivan/HOU/ECT@ECT Russ Severson/HOU/ECT@ECT Jayant Krishnaswamy/HOU/ECT@ECT Russell Long/HOU/ECT@ECT Detailed description: Status update: Phillip K Allen -> No Response Hunter S Shively -> No Response Scott Mills -> No Response Allan Severude -> Accepted Jeffrey C Gossett -> Accepted Colleen Sullivan -> No Response Russ Severson -> No Response Jayant Krishnaswamy -> Accepted Russell Long -> Accepted ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- Reschedule Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/28/2000 01:00 PM End: 09/28/2000 02:00 PM Description: Gas Physical/Financail Positions - Room 2537 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Fletcher J Sturm/HOU/ECT Scott Neal/HOU/ECT Hunter S Shively/HOU/ECT Phillip K Allen/HOU/ECT Allan Severude/HOU/ECT Scott Mills/HOU/ECT Russ Severson/HOU/ECT Detailed description: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- Confirmation Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/28/2000 01:00 PM End: 09/28/2000 02:00 PM Description: Gas Physical/Financail Positions - Room 2537 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Fletcher J Sturm/HOU/ECT Scott Neal/HOU/ECT Hunter S Shively/HOU/ECT Phillip K Allen/HOU/ECT Allan Severude/HOU/ECT Scott Mills/HOU/ECT Russ Severson/HOU/ECT Detailed description: Status update: Fletcher J Sturm -> No Response Scott Neal -> No Response Hunter S Shively -> No Response Phillip K Allen -> No Response Allan Severude -> Accepted Scott Mills -> Accepted Russ Severson -> Accepted ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 02:00 PM --------------------------- From: Cindy Cicchetti 09/26/2000 10:38 AM To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Jayant Krishnaswamy/HOU/ECT@ECT, Russell Long/HOU/ECT@ECT cc: Subject: Gas Trading Vision mtg. This meeting has been moved to 4:00 on Wed. in room 2601. I have sent a confirmation to each of you via Lotus Notes. Sorry for all of the changes but there was a scheduling problem with a couple of people for the original time slot.
allen-p/sent/73.
subject: Re: Gas Trading Vision meeting content: Nymex expiration is during this time frame. Please reschedule.
allen-p/sent/74.
subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 12:08 PM --------------------------- Invitation Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/27/2000 11:30 AM End: 09/27/2000 12:30 PM Description: Gas Trading Vision Meeting - Room EB2556 This meeting repeats starting on (if the date occurs on a weekend the meeting ). Meeting Dates: Phillip K Allen/HOU/ECT Hunter S Shively/HOU/ECT Scott Mills/HOU/ECT Allan Severude/HOU/ECT Jeffrey C Gossett/HOU/ECT Colleen Sullivan/HOU/ECT Russ Severson/HOU/ECT Jayant Krishnaswamy/HOU/ECT Russell Long/HOU/ECT Detailed description:
allen-p/sent/75.
subject: Gas Physical/Financial Position content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 12:07 PM --------------------------- From: Cindy Cicchetti 09/26/2000 09:23 AM To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT cc: Subject: Gas Physical/Financial Position I have scheduled and entered on each of your calendars a meeting for the above referenced topic. It will take place on Thursday, 9/28 from 3:00 - 4:00 in Room EB2537.
allen-p/sent/76.
subject: closing content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 11:57 AM --------------------------- "BS Stone" <[email protected]> on 09/26/2000 04:47:40 AM To: "jeff" <[email protected]> cc: "Phillip K Allen" <[email protected]> Subject: closing Jeff, ? Is the closing today?? After reviewing the agreement?I find it isn't binding as far as I can determine.? It is too vague and it doesn't sound like anything an attorney or title company would?draft for a real estate closing--but, of course, I could be wrong.? ? If this?closing is going to take place without this agreement then there is no point in me following up on this?document's validity.? ? I will just need to go back to my closing documents and see what's there and find out where I am with that and deal with this as best I can. ? I guess I was expecting something that would be an exhibit to a recordable document or something a little more exact, or rather?sort of a contract.? This isn't either.? I tried to get a real estate atty on the phone last night but he was out of pocket.? I talked to a crim. atty friend and he said this is out of his area but doesn't sound binding to him.? ? I will go back to mine and Phillip Allen's transaction?and take a look at that but as vague and general as this is I doubt that my signature? is even needed to complete this transaction.? I am in after 12 noon if there is any need to contact me regarding the closing. ? I really do not want to hold up anything or generate more work for myself and I don't want to insult or annoy anyone but this paper really doesn't seem to be something required for a closing.? In the event you do need my signature on something like this I would rather have time to have it reviewed before I accept it. ? Brenda ? ?
allen-p/sent/765.
subject: content: Randy, Can you send me a schedule of the salary and level of everyone in the scheduling group. Plus your thoughts on any changes that need to be made. (Patti S for example) Phillip
allen-p/sent/766.
subject: Re: Hello content: Let's shoot for Tuesday at 11:45.
allen-p/sent/767.
subject: Re: Hello content: Greg, How about either next Tuesday or Thursday? Phillip
allen-p/sent/768.
subject: content: Please cc the following distribution list with updates: Phillip Allen ([email protected]) Mike Grigsby ([email protected]) Keith Holst ([email protected]) Monique Sanchez Frank Ermis John Lavorato Thank you for your help Phillip Allen