ilhamxx/sample_enron_dataset · Datasets at Hugging Face

file stringlengths 14 33	message stringlengths 24 126k	Sender stringclasses 754 values	Receiver(s) stringlengths 0 500
allen-p/sent/769.	subject: Re: PRC review - phone calls content: any morning between 10 and 11:30	[email protected]	[email protected]
allen-p/sent/77.	subject: content: Chris, What is the latest with PG&E? We have been having good discussions regarding EOL. Call me when you can. X37041 Phillip	[email protected]	[email protected]
allen-p/sent/78.	subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000 02:01 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: The meeting with Richard Burchfield/HOU/ECT was rescheduled. On 09/28/2000 03:00:00 PM CDT For 1 hour With: Richard Burchfield/HOU/ECT (Chairperson) Fletcher J Sturm/HOU/ECT (Invited) Scott Neal/HOU/ECT (Invited) Hunter S Shively/HOU/ECT (Invited) Phillip K Allen/HOU/ECT (Invited) Allan Severude/HOU/ECT (Invited) Scott Mills/HOU/ECT (Invited) Russ Severson/HOU/ECT (Invited) Gas Physical/Financail Positions - Room 2537	[email protected]	[email protected]
allen-p/sent/79.	subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000 02:00 PM --------------------------- Invitation Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/27/2000 01:00 PM End: 09/27/2000 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:	[email protected]	[email protected]
allen-p/sent/8.	subject: Re: Associates & Analysts Eligible for Promotion content: I would support Matt Lenhart's promotion to the next level. I would oppose Ken Shulklapper's promotion.	[email protected]	[email protected]
allen-p/sent/80.	subject: content: Greg, Happy B-day. Email me your phone # and I will call you. Keith	[email protected]	[email protected]
allen-p/sent/81.	subject: content: Kathy, Regarding the guest password for gas daily, can you please relay the information to Mike Grigsby at 37031 so he can pass it along to the user at gas daily today. I will be out of the office on Friday. thank you Phillip	[email protected]	[email protected]
allen-p/sent/82.	subject: content: John, Denver's short rockies position beyond 2002 is created by their Trailblazer transport. They are unhedged 15,000/d in 2003 and 25,000/d in 2004 and 2005. They are scrubbing all their books and booking the Hubert deal on Wednesday and Thursday. Phillip	[email protected]	[email protected]
allen-p/sent/83.	subject: content: George, Below is a list of questions that Keith and I had regarding the Westgate project: Ownership Structure What will be the ownership structure? Limited partnership? General partner? What are all the legal entities that will be involved and in what capacity(regarding ownership and liabilities)? Who owns the land? improvements? Who holds the various loans? Is the land collateral? Investment What happens to initial investment? Is it used to purchase land for cash?Secure future loans? Why is the land cost spread out on the cash flow statement? When is the 700,000 actually needed? Now or for the land closing? Investment schedule? Investment Return Is Equity Repayment the return of the original investment? Is the plan to wait until the last unit is sold and closed before profits are distributed? Debt Which entity is the borrower for each loan and what recourse or collateral is associated with each loan? Improvement Construction Are these the only two loans? Looks like it from the cash flow statement. Terms of each loan? Uses of Funds How will disbursements be made? By whom? What type of bank account? Controls on max disbursement? Internet viewing for investors? Reports to track expenses vs plan? Bookkeeping procedures to record actual expenses? What is the relationship of Creekside Builders to the project? Do you get paid a markup on subcontractors as a general contractor and paid gain out of profits? Do you or Larry receive any money in the form of salary or personal expenses before the ultimate payout of profits? Design and Construction When will design be complete? What input will investors have in selecting design and materials for units? What level of investor involvement will be possible during construction planning and permitting? Does Creekside have specific procedures for dealing with subcontractors, vendors, and other professionals? Such as always getting 3 bids, payment schedules, or reference checking? Are there any specific companies or individuals that you already plan to use? Names? These questions are probably very basic to you, but as a first time investor in a project like this it is new to me. Also, I want to learn as much as possible from the process. Phillip	[email protected]	[email protected]
allen-p/sent/84.	subject: Westgate Proforma-Phillip Allen.xls content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/19/2000 04:35 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:21:49 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Proforma-Phillip Allen.xls Enclosed is the preliminary proforma for the Westgate property is Austin that we told you about. As you can tell from the proforma this project should produce a truly exceptional return of over 40% per year over 3 years. This is especially attractive when the project is in a market as strong as Austin and we are introducing new product that in a very low price range for this market. This is the best project in terms of risk and reward that we have uncovered to date in the Austin market. The project does have approved zoning and will only require a site plan. As it is in the "Smart Growth Corridor" area designated by the City of Austin for preferred development, this will be fast tracked and should be complete in less than 6 months. Additionally, many of the current and more severe water treatment ordinances have been waived. I have estimated the lot improvement costs based on a 28 lot development we investigated in North Austin, which included a detention/retention and filtration pond and street widening. Even though this property is not likely to require street widening and will have less of a detention/retention and filtration pond requirement, I used this data to be cautious. The Lone Star gas line easement in the lower portion of the property is not expected to impact sales significantly. Other projects have been quite successful with identical relationships to this pipeline, such as the adjoining single family residential and a project at St. Edwards University. As with most infill projects, the quality of the surrounding neighborhoods is uneven. We have included a fence around the entire property, but may only put it on Westgate and Cameron Loop. Gated communities are far preferred so this is a good idea for both screening and current buyer preferences. The seller accepted our offer Thursday evening with a price of $680,000 and an extended escrow. This will enable us to probably obtain an approved site plan before closing on the contract, which will mean that we can close into an A&D Loan rather than into a land loan and then an improvement loan. This analysis shows your investment at $700,000 for a 50% interest in the profits of the project. As we discussed in San Marcos, we can also discuss having you invest only in the lots, sell the lots to the construction entity with your profit in the lot. I believe this would facilitate the use of a 1031 Exchange of the proceeds from this deal into another project that is a rental deal or at least into the land for a rental project that would then be the equity for that project. You would need to discuss this with an exchange expert first. Larry Lewter knows an expert in the field in San Antonio if you do not know anyone. I will send you a package on the property that was prepared by the broker, by Airborne Express today for Saturday delivery. Once you have read the package and reviewed this proforma, we would want to schedule a tour of the site and the area. Please get back to me as soon as your schedule permits regarding the site visit and feel free to call at any time. You can reach me over the weekend and in the evening at either 512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is 512-338-1103. I look forward to hearing from you and to working with you on this project that is sure to be a major winner. I regret that it took so long to get back to you, but we had some unusual events these past few weeks. A small freakish wind storm with severe 60+mpg downdrafts hit the South part of Austin where we are building 10 town homes. One of these units had just had the roof decked with the siding scheduled to start the next day. The severe downdraft hitting the decked roof was enough to knock it down. The City shut down the project for a week and it took another week to get every thing back on tract. Then last week I had to take my wife to emergency. She has a bulge in the material between the vertebra in her spine and it causes her extreme pain and has kept her bedridden this past week.. There is nothing like having your wife incapacitated to realize the enormous number of things she does everyday. Fortunately, it looks as if she will be ok in the long run. George W. Richards Creekside Builders, LLC - Westgate Proforma-Phillip Allen.xls	[email protected]	[email protected]
allen-p/sent/85.	subject: content: George, Here sales numbers from Reagan: As you can see his units sold at a variety of prices per square foot. The 1308/1308 model seems to have the most data and looks most similiar to the units you are selling. At 2.7 MM, my bid is .70/sf higher than his units under construction. I am having a hard time justifying paying much more with competition on the way. The price I am bidding is higher than any deals actually done to date. Let me know what you think. I will follow up with an email and phone call about Cherry Creek. I am sure Deborah Yates let you know that the bid was rejected on the De Ville property. Phillip Allen	[email protected]	[email protected]
allen-p/sent/86.	subject: content: Jeff, What is up with Burnet? Phillip	[email protected]	[email protected]
allen-p/sent/87.	subject: Re: burnet content: Jeff, I need to see the site plan for Burnet. Remember I must get written approval from Brenda Key Stone before I can sell this property and she has concerns about the way the property will be subdivided. I would also like to review the closing statements as soon as possible. Phillip	[email protected]	[email protected]
allen-p/sent/88.	subject: content: Lucy, I want to have an accurate rent roll as soon as possible. I faxed you a copy of this file. You can fill in on the computer or just write in the correct amounts and I will input.	[email protected]	[email protected]
allen-p/sent/89.	subject: Re: Sept 1 Payment content: Brenda, I checked my records and I mailed check #1178 for the normal amount on August 28th. I mailed it to 4303 Pate Rd. #29, College Station, TX 77845. I will go ahead and mail you another check. If the first one shows up you can treat the 2nd as payment for October. I know your concerns about the site plan. I will not proceed without getting the details and getting your approval. I will find that amortization schedule and send it soon. Phillip	[email protected]	[email protected]
allen-p/sent/9.	subject: Re: Court Ordered Notice to Customers and Registered Users of content: please remove my name and information from the registered user list. Do not sell my information. Phillip Allen	[email protected]	[email protected]
allen-p/sent/90.	subject: content: Lucy, You wrote fewer checks this month. Spent more money on Materials and less on Labor. June July August Total Materials 2929 4085 4801 Services 53 581 464 Labor 3187 3428 2770 Here are my questions on the August bank statement (attached): 1. Check 1406 Walmart Description and unit? 2. Check 1410 Crumps Detail description and unit? 3. Check 1411 Lucy What is this? 4. Check 1415 Papes Detail description and units? 5. Checks 1416, 1417, and 1425 Why overtime? 6. Check 1428 Ralph's What unit? 7. Check 1438 Walmart? Description and unit? Try and pull together the support for these items and get back to me. Phillip	[email protected]	[email protected]
allen-p/sent/91.	subject: Contact list for mid market content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/12/2000 11:22 AM --------------------------- Michael Etringer 09/11/2000 02:32 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Contact list for mid market Phillip, Attached is the list. Have your people fill in the columns highlighted in yellow. As best can we will try not to overlap on accounts. Thanks, Mike	[email protected]	[email protected], [email protected]
allen-p/sent/92.	subject: content: http://www.hearme.com/vc2/[email protected]	[email protected]	[email protected]
allen-p/sent/93.	subject: Westgate Proforma-Phillip Allen.xls content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/11/2000 04:57 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:21:49 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Proforma-Phillip Allen.xls Enclosed is the preliminary proforma for the Westgate property is Austin that we told you about. As you can tell from the proforma this project should produce a truly exceptional return of over 40% per year over 3 years. This is especially attractive when the project is in a market as strong as Austin and we are introducing new product that in a very low price range for this market. This is the best project in terms of risk and reward that we have uncovered to date in the Austin market. The project does have approved zoning and will only require a site plan. As it is in the "Smart Growth Corridor" area designated by the City of Austin for preferred development, this will be fast tracked and should be complete in less than 6 months. Additionally, many of the current and more severe water treatment ordinances have been waived. I have estimated the lot improvement costs based on a 28 lot development we investigated in North Austin, which included a detention/retention and filtration pond and street widening. Even though this property is not likely to require street widening and will have less of a detention/retention and filtration pond requirement, I used this data to be cautious. The Lone Star gas line easement in the lower portion of the property is not expected to impact sales significantly. Other projects have been quite successful with identical relationships to this pipeline, such as the adjoining single family residential and a project at St. Edwards University. As with most infill projects, the quality of the surrounding neighborhoods is uneven. We have included a fence around the entire property, but may only put it on Westgate and Cameron Loop. Gated communities are far preferred so this is a good idea for both screening and current buyer preferences. The seller accepted our offer Thursday evening with a price of $680,000 and an extended escrow. This will enable us to probably obtain an approved site plan before closing on the contract, which will mean that we can close into an A&D Loan rather than into a land loan and then an improvement loan. This analysis shows your investment at $700,000 for a 50% interest in the profits of the project. As we discussed in San Marcos, we can also discuss having you invest only in the lots, sell the lots to the construction entity with your profit in the lot. I believe this would facilitate the use of a 1031 Exchange of the proceeds from this deal into another project that is a rental deal or at least into the land for a rental project that would then be the equity for that project. You would need to discuss this with an exchange expert first. Larry Lewter knows an expert in the field in San Antonio if you do not know anyone. I will send you a package on the property that was prepared by the broker, by Airborne Express today for Saturday delivery. Once you have read the package and reviewed this proforma, we would want to schedule a tour of the site and the area. Please get back to me as soon as your schedule permits regarding the site visit and feel free to call at any time. You can reach me over the weekend and in the evening at either 512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is 512-338-1103. I look forward to hearing from you and to working with you on this project that is sure to be a major winner. I regret that it took so long to get back to you, but we had some unusual events these past few weeks. A small freakish wind storm with severe 60+mpg downdrafts hit the South part of Austin where we are building 10 town homes. One of these units had just had the roof decked with the siding scheduled to start the next day. The severe downdraft hitting the decked roof was enough to knock it down. The City shut down the project for a week and it took another week to get every thing back on tract. Then last week I had to take my wife to emergency. She has a bulge in the material between the vertebra in her spine and it causes her extreme pain and has kept her bedridden this past week.. There is nothing like having your wife incapacitated to realize the enormous number of things she does everyday. Fortunately, it looks as if she will be ok in the long run. George W. Richards Creekside Builders, LLC - Westgate Proforma-Phillip Allen.xls	[email protected]	[email protected]
allen-p/sent/94.	subject: Re: Chelsea Villas content: Jeff, I received the rent roll. I am going to be in San Marcos this weekend but I am booked with stage coach. I will drive by Friday evening. I will let you know next week if I need to see the inside. Can you find out when Chelsea Villa last changed hands and for what price? What about getting a look at the site plans for the Burnet deal. Remember we have to get Brenda happy. Phillip	[email protected]	[email protected]
allen-p/sent/95.	subject: content: 9/8 9/7 diff Socal 36,600 37,200 -600 NWPL -51,000 -51,250 250 San Juan -32,500 -32,000 -500 The reason the benchmark report shows net selling San Juan is that the transport positions were rolled in on 9/8. This added 800 shorts to San Juan and 200 longs to Socal. Before this adjustment we bought 300 San Juan and sold 800 Socal.	[email protected]	[email protected]
allen-p/sent/96.	subject: Re: VaR by Curve content: why is aeco basis so low on the list? Is NWPL mapped differently than AECO? What about the correlation to Nymex on AECO?	[email protected]	[email protected]
allen-p/sent/97.	subject: Re: Sagewood etc. content: Jeff, You would clearly receive a commission on a deal on the sagewood. I am surprised by your request for payment on any type of project in which I might become involved with Creekside. Are you in the business of brokering properties or contacts? Is your position based on a legal or what you perceive to be an ethical issue? Did you propose we look at developing a project from scratch? I am not prepared to pay more than 2.7 for sagewood yet. Phillip	[email protected]	[email protected]
allen-p/sent/98.	subject: Sagewood Town Homes content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000 12:29 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:35:20 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]>, "Diana Zuniga" <[email protected]> Subject: Sagewood Town Homes I was aware that Regan Lehman, the lot developer for the entire 70 lot duplex project, was selling his units in the $180's, He does have a much lower basis in the lots than anyone else, but the prime differences are due to a) he is selling them during construction and b) they are smaller units. We do not know the exact size of each of his units, but we believe one of the duplexes is a 1164/1302 sq ft. plan. This would produce an average sq footage of 1233, which would be $73.80 psf at $182,000. (I thought his sales price was $187,000.) At this price psf our 1,376 sf unit would sell for $203,108. What is more important, in my view, is a) the rental rate and b) the rent-ability. You have all of our current rental and cost data for your own evaluation. As for rent-ability, I believe that we have shown that the 3-bedroom, 3.5 bath is strongly preferred in this market. In fact, if we were able to purchase additional lots from Regan we would build 4 bedroom units along with the 3-bedroom plan. Phillip, I will call you today to go over this more thoroughly. Sincerely, George W. Richards Creekside Builders, LLC	[email protected]	[email protected]
allen-p/sent/99.	subject: Westgate Proforma-Phillip Allen.xls content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000 12:28 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:21:49 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Proforma-Phillip Allen.xls Enclosed is the preliminary proforma for the Westgate property is Austin that we told you about. As you can tell from the proforma this project should produce a truly exceptional return of over 40% per year over 3 years. This is especially attractive when the project is in a market as strong as Austin and we are introducing new product that in a very low price range for this market. This is the best project in terms of risk and reward that we have uncovered to date in the Austin market. The project does have approved zoning and will only require a site plan. As it is in the "Smart Growth Corridor" area designated by the City of Austin for preferred development, this will be fast tracked and should be complete in less than 6 months. Additionally, many of the current and more severe water treatment ordinances have been waived. I have estimated the lot improvement costs based on a 28 lot development we investigated in North Austin, which included a detention/retention and filtration pond and street widening. Even though this property is not likely to require street widening and will have less of a detention/retention and filtration pond requirement, I used this data to be cautious. The Lone Star gas line easement in the lower portion of the property is not expected to impact sales significantly. Other projects have been quite successful with identical relationships to this pipeline, such as the adjoining single family residential and a project at St. Edwards University. As with most infill projects, the quality of the surrounding neighborhoods is uneven. We have included a fence around the entire property, but may only put it on Westgate and Cameron Loop. Gated communities are far preferred so this is a good idea for both screening and current buyer preferences. The seller accepted our offer Thursday evening with a price of $680,000 and an extended escrow. This will enable us to probably obtain an approved site plan before closing on the contract, which will mean that we can close into an A&D Loan rather than into a land loan and then an improvement loan. This analysis shows your investment at $700,000 for a 50% interest in the profits of the project. As we discussed in San Marcos, we can also discuss having you invest only in the lots, sell the lots to the construction entity with your profit in the lot. I believe this would facilitate the use of a 1031 Exchange of the proceeds from this deal into another project that is a rental deal or at least into the land for a rental project that would then be the equity for that project. You would need to discuss this with an exchange expert first. Larry Lewter knows an expert in the field in San Antonio if you do not know anyone. I will send you a package on the property that was prepared by the broker, by Airborne Express today for Saturday delivery. Once you have read the package and reviewed this proforma, we would want to schedule a tour of the site and the area. Please get back to me as soon as your schedule permits regarding the site visit and feel free to call at any time. You can reach me over the weekend and in the evening at either 512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is 512-338-1103. I look forward to hearing from you and to working with you on this project that is sure to be a major winner. I regret that it took so long to get back to you, but we had some unusual events these past few weeks. A small freakish wind storm with severe 60+mpg downdrafts hit the South part of Austin where we are building 10 town homes. One of these units had just had the roof decked with the siding scheduled to start the next day. The severe downdraft hitting the decked roof was enough to knock it down. The City shut down the project for a week and it took another week to get every thing back on tract. Then last week I had to take my wife to emergency. She has a bulge in the material between the vertebra in her spine and it causes her extreme pain and has kept her bedridden this past week.. There is nothing like having your wife incapacitated to realize the enormous number of things she does everyday. Fortunately, it looks as if she will be ok in the long run. George W. Richards Creekside Builders, LLC - Westgate Proforma-Phillip Allen.xls	[email protected]	[email protected]
allen-p/straw/1.	subject: Central Texas Bale Resource content: Hi All We are looking for a wheat farmer near Austin who we can purchase approximately 300 bales from. Please e-mail me at the referenced address or call at 512) 263-0177 during business hours (Central Standard Time) if you can help. Thanks Ben Obregon A.I.A.	[email protected]	[email protected]
allen-p/straw/2.	subject: Re: History of Lime and Cement content: 'Arry ([email protected]), Lime Ex-splurt Extraordinaire, wrote: [snipped] >I highly recommend David Moore's book "The Roman Pantheon" >very thorough research into the uses and development of Roman Cement....lime >and clay/pozzolonic ash; the making and uses of lime in building. >I find it almost impossible to put down Why am I not surprised ? I suspect that if someone were to build a town called Lime, make everything in the town out of lime, provide only foods that have some connection to lime and then bury the Limeys in lime when they're dead, 'Arry would move to that town in a flash and think that he had arrived in Paradise on Earth. According to my v-a-a-a-ast network of spies, sneaks and sleuths, this next issue of The Last Straw focusses on lime... and to no one's surprise, will feature some of the musings/wisdom/experience of our Master of Lime, 'Arry . Those same spies/sneaks/sleuths tell me that the format of this next issue is a departure from the norm and may be a Beeg Surprise to some. Me ? My curiosity is piqued and am itchin' to see this Limey issue of The Last Straw and if you are afflicted with the same and do not yet subscribe, it may not be too late: [email protected] or www.strawhomes.com -- Itchy	[email protected]	[email protected]
allen-p/straw/3.	subject: History of Lime and Cement content: Folks, I just found this interesting site about the history of the uses of lime and development of pozzolonic materials ...lime and clay - Roman Cement - that I think will be interesting to the group. I highly recommend David Moore's book "The Roman Pantheon" at $25.00 - a very thorough research into the uses and development of Roman Cement....lime and clay/pozzolonic ash; the making and uses of lime in building. The book covers ancient kilns, and ties it all to modern uses of cement and concrete. I find it almost impossible to put down - as the writing flows easily - interesting, entertaining, and enlightening. David Moore spent over 10 years learning just how the Romans were able to construct large buildings, structures, etc., with simply lime and volcanic ash - structures that have lasted over 2000 years. A great testimonial to the Roman builders; and good background information for sustainable builder folks. Thank you, Mr. Moore. I highly recommend the site and especially the Book. <A HREF="http://www.romanconcrete.com/">Roman Concrete Research by David Moore</A> Regards, Harry Francis	[email protected]	[email protected], [email protected]
allen-p/straw/4.	subject: Re: Newsgroups content: >What other cool newsgroups are available for us alternative thinkers? >Rammed Earth, Cob, etc? > We have a list of our favorites at http://www.greenbuilder.com/general/discussion.html (and we're open to more suggestions) BC Bill Christensen [email protected] Green Homes For Sale/Lease: http://www.greenbuilder.com/realestate/ Green Building Pro Directory: http://www.greenbuilder.com/directory/ Sustainable Bldg Calendar: http://www.greenbuilder.com/calendar/ Sustainable Bldg Bookstore: http://www.greenbuilder.com/bookstore	[email protected]	[email protected]
allen-p/straw/5.	subject: RE: concrete stain content: > Hi, > We recently faced the same questions concerning our cement floor finishing > here's what we found. > > Oringinal Plan: was for stamped and pigmented (color added at the cement plant) > with stained accents and highlighting to simulate a sautillo tile. Our project > is rather large 2900 sq ft SB house with 1800 sq ft porch surrounding it. Lot's > of cement approx. 160 sq yds. After looking at the costs we changed our minds > rather quickly. > > Labor for Stamping Crew $2500.00 > Davis Color Stain 4lbs per yd x 100 yds x $18 lb $7200.00 > > These are above and beyond the cost of the concrete. > > Actual Result: Took a truck and trailer to Mexico and handpicked Sautillo tiles > for inside the house. Changed the color of the cement on the porch to 1lb per yd > mix color, added the overrun tiles we had left over as stringers in the porch > and accented with acid etched stain. > > Tiles and Transportation $3000.00 > Labor, mastic and beer. tile setting (did it myself) $1400.00 > Acid Stain for porch $ 350.00 > Davis Pigment $15 x 40 yds $ 600.00 > > I can get you the info on the stain if you like, I ordered it from a company the > web, can't remember off hand who. I ordered a sample kit for $35.00 which has 7 > colors you can mix and match for the results you want. It was easy to work with > much like painting in water colors on a large scale. > > Hope this helps you out, > > Matt Kizziah >	[email protected]	[email protected]
allen-p/straw/6.	subject: The 1999 Hemp Year in Review content: PAA27941 Sender: [email protected] Precedence: bulk The 1999 Hemp Year in Review The Millennium ready, issue #7 of the Hemp Commerce & Farming Report (HCFR) is now online. Start off the New Year in hemp with a good read of this special issue. HCFR #7 can now be found online at Hemphasis.com, GlobalHemp.com and Hemp Cyberfarm.com. http://www.hemphasis.com http://www.globalhemp.com/Media/Magazines/HCFR/1999/December/toc.shtml http://www.hempcyberfarm.com/pstindex.html This issue will also be posted as soon as possible at: http://www.hemptrade.com/hcfr http://www.hemppages.com/hwmag.html IN THIS ISSUE: Part One: Editorial To the Editor The Year in Review: The Top Stories Genetically Modified Hemp? Part Two: Harvest Notebook, Part III: 1) Poor Organic Farming Practices Produce Poor Yields 2) Hemp Report and Update for Northern Ontario Performance-Based Industrial Hemp Fibres Will Drive Industry Procurement in the 21st Century, (Part II) Part Three: Benchmarking Study on Hemp Use and Communication Strategies By the Numbers: The HCFR List Historical Hemp Highlights Association News: Northern Hemp Gathering in Hazelton, BC Upcoming Industry Events Guelph Organic Show Paperweek 2000 Hemp 2000 Santa Cruz Industrial Hemp Expo	[email protected]	[email protected]
allen-p/straw/7.	subject: content: <4DDE116DBCA1D3118B130080C840BAAD02CD53@ppims.Services.McMaster.CA> From: "Wesko, George" <[email protected]> To: [email protected] Subject: RADIANT HEATING Date: Tue, 4 Jan 2000 11:28:29 -0500 MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2650.21) Content-Type: multipart/alternative; ------_=_NextPart_001_01BF56D0.C002317E Content-Type: text/plain; charset="iso-8859-1" Sender: [email protected] Precedence: bulk There are a number of excellent sites for radiant heating, including the magazine fine homebuilding June-July 1992 issue: the Radiant Panel Association; ASHRAE Chapter 6; Radiantec-Radiant heating system from Radiantec; the following web site: http://www.twapanels.ca/heating index.html The above is a good start, and each of the sites have a number of good links. Let me know how you make out in your search.	[email protected]	undisclosed-recipients:,
allen-p/straw/8.	subject: Re: concrete stain content: In a message dated 1/4/00 3:18:50 PM Eastern Standard Time, [email protected] writes: << There are 3 basic methods for concrete color: 1. a dry additive to a concrete mix prior to pouring 2. chemical stain: applied to new/old concrete surfaces (can be beautiful!)3. dry-shake on fresh concrete- >> plus the one I just posted using exterior stain, I used this after the expensive chemical stuff I bought from the company in Calif that I saw in Fine Homebuilding did NOt work - what I used was a variation of what Malcolm Wells recommended in his underground house book Linda	[email protected]	[email protected], [email protected],
arnold-j/_sent_mail/1.	subject: re:spreads content: saw a lot of the bulls sell summer against length in front to mitigate margins/absolute position limits/var. as these guys are taking off the front, they are also buying back summer. el paso large buyer of next winter today taking off spreads. certainly a reason why the spreads were so strong on the way up and such a piece now. really the only one left with any risk premium built in is h/j now. it was trading equivalent of 180 on access, down 40+ from this morning. certainly if we are entering a period of bearish to neutral trade, h/j will get whacked. certainly understand the arguments for h/j. if h settles $20, that spread is probably worth $10. H 20 call was trading for 55 on monday. today it was 10/17. the market's view of probability of h going crazy has certainly changed in past 48 hours and that has to be reflected in h/j. [email protected] on 12/13/2000 04:15:51 PM To: [email protected] cc: [email protected] Subject: re:spreads mkt getting a little more bearish the back of winter i think-if we get another cold blast jan/feb mite move out. with oil moving down and march closer flat px wide to jan im not so bearish these sprds now-less bullish march april as well.	[email protected]	[email protected]
arnold-j/_sent_mail/10.	subject: re:summer inverses content: amazing how with cash futures at $1 and the back such a piece that f/g under such pressure. month 2 has been the strongest part of the board all year. will be interesting to see what happens when h/j is prompt. could j actually be strong? seems like of the spreads on the board the best risk reward is in f/g. a little worried about having the z/f effect again. that is, all spec length trying to roll and funds trying to roll at the same time leading to some ridiculous level at expiry. any thoughts? [email protected] on 12/08/2000 12:05:54 PM To: [email protected] cc: Subject: re:summer inverses i suck-hope youve made more money in natgas last 3 weeks than i have. mkt shud be getting bearish feb forward-cuz we already have the weather upon us-fuel switching and the rest shud invert the whole curve not just dec cash to jan and feb forward???? have a good weekend john	[email protected]	[email protected]
arnold-j/_sent_mail/100.	subject: Re: congrats content: We both thank you From: Jennifer Fraser 10/17/2000 06:12 PM To: John Arnold/HOU/ECT@ECT cc: Subject: congrats Dutch ( as you know ) is great. I am very happy for him and you JF	[email protected]	[email protected]
arnold-j/_sent_mail/101.	subject: Re: Hi content: So, what is it? And by the way, don't start with the excuses. You're expected to be a full, gourmet cook. Kisses, not music, makes cooking a more enjoyable experience. "Jennifer White" <[email protected]> on 10/17/2000 04:19:20 PM To: [email protected] cc: Subject: Hi I told you I have a long email address. I've decided what to prepare for dinner tomorrow. I hope you aren't expecting anything extravagant because my culinary skills haven't been put to use in a while. My only request is that your stereo works. Music makes cooking a more enjoyable experience. Watch the debate if you are home tonight. I want a report tomorrow... Jen ___________________________________________________________________ To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax, all in one place - sign up today at http://www.zdnetonebox.com	[email protected]	[email protected]
arnold-j/_sent_mail/102.	subject: Re: Thursday meeting content: sure, stop by and we'll arrange a place to meet. If you come by during trading hours though, I can only say hi for a couple seconds. "Mark Sagel" <[email protected]> on 10/17/2000 05:20:14 PM To: <[email protected]> cc: Subject: Re: Thursday meeting That sounds fine. Would you like to meet at your office and go from there? By the way, I will be in your office earlier in the afternoon for a meeting. Perhaps I can stop over to say hello. ----- Original Message ----- From: <[email protected]> To: <[email protected]> Sent: Tuesday, October 17, 2000 5:53 PM Subject: Re: Thursday meeting how about 6:00 for drinks "Mark Sagel" <[email protected]> on 10/17/2000 04:34:56 PM To: "John Arnold" <[email protected]> cc: Subject: Thursday meeting Hey John: When you have a chance, let me know what time works for us to get together Thursday. Thanks, Mark Sagel Psytech Analytics	[email protected]	[email protected]
arnold-j/_sent_mail/103.	subject: Re: Thursday meeting content: how about 6:00 for drinks "Mark Sagel" <[email protected]> on 10/17/2000 04:34:56 PM To: "John Arnold" <[email protected]> cc: Subject: Thursday meeting Hey John: ? When you have a chance, let me know what time works for us to get together Thursday.? Thanks, ? Mark Sagel Psytech Analytics	[email protected]	[email protected]
arnold-j/_sent_mail/104.	subject: Re: content: I've got a "strategy" mtg from 3:00 - 5:00. It's very important. I've got to strategize about things. Not sure about exactly what. Just things. From: Margaret Allen@ENRON on 10/17/2000 01:13 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Other than the fact that we desparately need your unbelieveably marketing-savvy person up here - no. What's going on in the trading world? Maybe I'll have to mosey on down there later today. Is it busy?	[email protected]	[email protected]
arnold-j/_sent_mail/105.	subject: content: anything new in the world of marketing?	[email protected]	[email protected]
arnold-j/_sent_mail/106.	subject: Re: Margin Lines content: yea, how about 3:30? Sarah Wesner@ENRON 10/16/2000 10:21 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Margin Lines Are you around today? I need to talk to you about some things. Sarah	[email protected]	[email protected]
arnold-j/_sent_mail/107.	subject: Re: John Arnold's PC content: how about 4:00? Ina Rangel 10/16/2000 11:03 AM To: John Arnold/HOU/ECT@ECT cc: Subject: John Arnold's PC John, When would be a good time for you. After work maybe? Ina ---------------------- Forwarded by Ina Rangel/HOU/ECT on 10/16/2000 11:02 AM --------------------------- DON ADAM @ ENRON 10/16/2000 10:06 AM To: Ina Rangel/HOU/ECT@ECT cc: Subject: John Arnold's PC Ina, Could you please have John email you the directions to his house and when would be a good time to come by and install the equipment? Thanks. Don	[email protected]	[email protected]
arnold-j/_sent_mail/108.	subject: Executive Reports Viewer: NEW LOCATION content: I can't get into this....any ideas? ---------------------- Forwarded by John Arnold/HOU/ECT on 10/14/2000 05:12 PM --------------------------- Christa Winfrey 10/06/2000 06:00 PM To: Chris Abel/HOU/ECT@ECT, Darin Talley/Corp/Enron@ENRON, Alisa Green/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Gary Stadler/Enron Communications@Enron Communications, Greg Whalley/HOU/ECT@ECT, Cliff Baxter/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT, Kevin Hannon/Enron Communications@Enron Communications, Kimberly Hillis/HOU/ECT@ect, Kevin M Presto/HOU/ECT@ECT, Michael Benien/Corp/Enron@ENRON, Mark Frank/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Patricia Anderson/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Trey Hardy/HOU/ECT@ect, Tammy R Shepperd/HOU/ECT@ECT, Veronica Valdez/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Daniel Falcone/Corp/Enron@ENRON, Frank Hayden/Corp/Enron@Enron, Frank Prejean/HOU/ECT@ECT, James New/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin Beasley/Corp/Enron@ENRON, Kevin Sweeney/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Minal Dalia/HOU/EES@EES, Nelson Bibby/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Thomas Myers/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, John Massey/HOU/ECT@ECT, Jeff Smith/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Mason Hamlin/HOU/ECT@ECT, Kenneth Lay/Corp/Enron@ENRON, Joseph W Sutton@Enron, Jeffrey K Skilling@Enron, LaCrecia Davenport/Corp/Enron@Enron, Rebecca Phillips/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT, W David Duran/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Julie A Gomez/HOU/ECT@ECT, Jill Louie/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron, Jere C Overdyke/HOU/ECT@ECT, Jody Pierce/HOU/ECT@ECT, John Thompson/LON/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Laura E Scott/CAL/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, Michael Miller/EWC/Enron@ENRON, Mark Tawney/HOU/ECT@ECT, Paula McAlister/LON/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Scott Josey/Corp/Enron@ENRON, Andrea V Reed/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Chris Komarek/Corp/Enron@Enron, Cris Sherman/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT, Gail Tholen/HOU/ECT@ECT, Greg Whiting/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, Hope Vargas/HOU/ECT@ECT, Lon Draper/CAL/ECT@ECT, Mary Lynne Ruffer/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON, Stephen Wolfe/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Andrew, Andrew R Conner/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, Matthew Adams/Corp/Enron@ENRON, Steven Kleege/HOU/ECT@ECT, Tracy Beardmore/NA/Enron@Enron, Robert Richard/Corp/Enron@ENRON, Timothy M Norton/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT cc: Vern Vallejo/HOU/ECT@ECT, Sally Chen/NA/Enron@Enron, Annemieke Slikker/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT Subject: Executive Reports Viewer: NEW LOCATION As of midnight, Saturday, October 7th, the Executive Reports Viewer will no longer be accessible at its current location, due to IT modifications. The system has been redesigned to allow access via Internet Explorer (you cannot use Netscape). The new location is http://ersys.corp.enron.com. This change will ONLY affect the viewing of the reports; it will NOT impact the publishing of the reports. A shortcut icon can be created by dragging the Internet Explorer Logo (located in the address field next to the URL) to the desktop. If you have any questions, please do not hesitate to call Kristin Walsh at 3-9510 or myself at 3-9307. Thank you for your understanding, Christa Winfrey	[email protected]	[email protected]
arnold-j/_sent_mail/109.	subject: Re: Sunday Trading content: Savita: A couple of issues: 1. I'm having trouble setting a syncopated basis child of a syncopated basis child (grandchild). Is this not currently allowed by the system? 2. I have a lot of counterparties whom click on hub gas daily when they meant to trade nymex. Although I would like the nymex filter to bring gas dailies, is there anyway to separate them a little more clearly. Eventually I would like to run all my products in parallel with gas daily, but I'm restricted right now by issue #1. Please advise, John	[email protected]	[email protected]
arnold-j/_sent_mail/11.	subject: Re: content: cant handle the pressure of big money?? John J Lavorato@ENRON 12/10/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: minn +3 1/2 jack -16 1/2 tenn-cinnci under35 gb-det under 39 1/2 tb +2 1/2 new england +2 1/2 pitt +3 1/2 phil-clev under 33 1/2 seattle +10 jets +9 1/2 and over 40 1/2 tease as discussed.	[email protected]	[email protected]
arnold-j/_sent_mail/110.	subject: Re: Last night content: Oh yea, I always get those two places confused. From: Margaret Allen@ENRON on 10/13/2000 04:26 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night I thought we agreed to Denny's tonight after Rick's?!	[email protected]	[email protected]
arnold-j/_sent_mail/111.	subject: Re: mkts content: pira's certainly got the whole market wound up. I've seen a wave of producer selling for the first time in two months over the past two days. Most selling Cal 1 off the back of Pira. Pira certainly commands a lot of respect these days. Too much, probably. The problem with all these bull spreads (ie F-H) is the thought process in natty is that if Jan is strong, just think what happens when you get to March and run out of gas. The spread game is very different than playing crude. These spreads haven't moved for the past 1000 point runup. You know there were guys bullish this market trying to play it with spreads and haven't made a penny. Just to clarify, Pira said 3 bcf y on y for Z1? That seems hard to believe. [email protected] on 10/13/2000 09:42:43 AM To: [email protected] cc: Subject: mkts cmon give me some credit-you think ive been doing this this long w/out know who's doing what! im i ny for the pira conference-thyre pretty bearish cal 01 and 02-will be interesting to see if/when the producers start to take that to heart. here's one for you to think about... of pira's rite-ie production gonna be up 1-1.5 bcf by year end. does increased deliverabilty mean these winter sprds in producing areas-ie jan-apr and the fact the mkts gonna be more concerened about running out in march than in jan suggest big invererese will not be sustainable but will happen only on a weather event??? be curoius your thots-i maybe thinking too much but makes some sense to me-have a good weekend johnny. pira says decm 01 prod up 3 bcf y on y!	[email protected]	[email protected]
arnold-j/_sent_mail/112.	subject: Re: Last night content: of course... just kidding. Aldo's next week. you're done. Open up your checkbook baby. From: Margaret Allen@ENRON on 10/13/2000 03:45 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night am i being ignored?	[email protected]	[email protected]
arnold-j/_sent_mail/113.	subject: Re: content: Jerk From: Jeffrey A Shankman 10/13/2000 08:49 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Give me a C Give me an N Give me an R Give me an S What do you have? A Quarter!	[email protected]	[email protected]
arnold-j/_sent_mail/114.	subject: Re: Last night content: Lady, c'mon...you're just one of the guys! Wanna go to Treasures tonight? From: Margaret Allen@ENRON on 10/13/2000 08:39 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Last night Hey Buster John, Despite the X's you received last night for your ill behavior, I wanted to thank you for dinner because I had a great time. Although, I do take personal offense to being flipped off at least 5 times in the course of dinner. Watch your manners when your with a lady! I hope you have a great Friday and today is one of your top 5 too! MSA	[email protected]	[email protected]
arnold-j/_sent_mail/115.	subject: content: Gary: Just checking to see if the Trader's Roundtable includes us gas boys. I would certainly be interested in attending. John	[email protected]	[email protected]
arnold-j/_sent_mail/1156.	subject: RE: (no subject) content: Please call me at 713 557 3330	[email protected]	[email protected]
arnold-j/_sent_mail/1157.	subject: Re: content: Premonition? =20 =09 =09 =09From: Jennifer Fraser 10/04/2000 03:01 PM =09 To: John Arnold/HOU/ECT@ECT cc: =20 Subject:=20 British Trader Sentenced to Prison this could be you British Trader Sentenced to Prison=20 By Jill Lawless Associated Press Writer Tuesday, Oct. 3, 2000; 2:07 p.m. EDT LONDON =01)=01) A futures trader who bet the wrong way on= U.S. unemployment figures, and destroyed a company in 92=20 minutes, was sentenced Tuesday to more than three years in jail.=20 "The position got worse and he was just numb," a defense= =20 attorney said, comparing the debacle to a bad night at a roulette wheel.= =20 Stephen Humphries, 25, formerly a trader at Sussex Future= s=20 Ltd., sank the company with losses of $1.1 million.=20 "During that afternoon of Friday, Aug. 6, 1999, during a= =20 period of one hour, 32 minutes, the company's hard-earned reputation an= d=20 value was destroyed at a stroke ... by the fraudulent trading=20 activity of one man, Stephen Humphries," said prosecution lawyer Martin Hicks.= =20 Humphries pleaded guilty to one count of fraudulent=20 trading. Judge Denis Levy sentenced him to three years and nine months in=20 prison.=20 Southwark Crown Court heard testimony that Humphries ran = up=20 the losses by trading futures contracts in government bonds,= =20 and repeatedly lied to superiors about his trades.=20 When worried colleagues left to summon the firm's senior= =20 broker, Humphries fled the building.=20 After the huge one-day loss, the company's creditor banks= =20 balked and a financial regulator was called in. Sussex Futures =01) wh= ich=20 employed 70 brokers =01) ceased trading three months later with losse= s of=20 $3.4 million.=20 The court was told that Humphries' trading losses began o= n=20 the morning of Aug. 6, wiping out two-thirds of his $25,000 trading=20 deposit by lunchtime. The situation worsened at 1:30 p.m., when U.S. economic= =20 figures were released showing no increase in the unemployment rate. Th= e=20 data made U.S. interest rates more likely to rise and reduced the= =20 value of fixed-interest investments such as British government=20 bonds.=20 Nonetheless, Humphries continued to buy, in quantities th= at=20 exceeded his trading ceiling. Questioned by co-workers about the large= =20 trades going through his account, Humphries said he was in the process= =20 of selling out.=20 By the time he fled, he held more than 100 times his=20 trading limit in futures. "In the course of an afternoon ... you ruined not only yo= ur=20 own career, but the career of many others and you caused a prosperous=20 company, Sussex Futures Limited, to go into liquidation, causing loss to= =20 the company which trusted you and employed you," said the judge.=20 Defense lawyer Simon Ward said Humphries had been under= =20 intense financial pressure and was "deeply sorry."=20 He had lost a previous job when a trading company he work= ed=20 for went under =01) also at the hands of a rogue trader.=20 He had taken out large bank loans, amassed a substantial= =20 credit-card debt and had borrowed from his father's life savings. He and h= is=20 partner, with whom he had two children, had a third baby die, a blow th= at=20 affected Humphries' judgment, Ward said.=20 "This is a tragic and very upsetting case," said Ward. "H= e=20 was 24, under intense financial and personal pressure and, in effect,= =20 lost his head at the roulette table."=20 , Copyright 2000 The Associated Press=20 Back to the top=20	[email protected]	[email protected]
arnold-j/_sent_mail/1158.	subject: RE: (no subject) content: I am not who you think I am. I have never been in IDRC nor am I in the profession. Thx, John Jeannine Peaker <[email protected]> on 09/12/2000 02:09:32 PM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: (no subject) We are still showing you as an Active member of IDRC. Do you wish to resign from the membership? -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Tuesday, September 12, 2000 1:59 PM To: Jeannine Peaker Subject: (no subject) Remove me from your mailing list please.	[email protected]	[email protected]
arnold-j/_sent_mail/1159.	subject: Re: Re Larry May - REVISED content: Frank: Susan Scott, Larry's risk manager, will compile and send you a spreadsheet of total p&l minus new deal p&l since June 1. Can you review this data and compare it to the respective VAR numbers for these dates. I think you will see the VAR numbers way overestimate his p&l volatility. John Enron North America Corp. From: Frank Hayden @ ENRON 07/14/2000 05:17 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re Larry May - REVISED John, I apologize for the delay in responding, I was in class today. We are having difficulty backtesting Larry May's VaR. It looks as if during the month of June, the book administor loaded the spreadsheets into ERMS but assigned multiple master deal ID's. (the code is "NG-OPT-XL-PRC") For example Larry May is showing the following during the month of June: June 1st $797 million dollars loss June 2nd +192 million dollars made June 5th $300 million dollars made... (etc..) This problem makes it impossible to backtest.... Second, regarding a different approach, the immediate solution was the allocation of an additional $5 million dollars of VaR, thereby temporarily increasing your limit to $45 million. This limit increase is in effect until July 26th. The game plan is that during this time period, a better solution can be devised..... I hope this helps. Thanks, Frank John Arnold@ECT 07/14/2000 02:33 PM To: Frank Hayden/Corp/Enron@Enron cc: Subject: Frank: Just following up on two topics. One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact his P&L is never close to that. Can you check that his exotics book positions are being picked up in his VAR calcs. Second: Have you looked into applying a band-aid to the understating longer term Vol problem until we change formulas? John	[email protected]	[email protected]
arnold-j/_sent_mail/116.	subject: Re: content: Yea, problem is I left at noon to catch my flight, but Marc had a later flight because NY is closer to Columbus than here. Right after I left, the market got very busy and Marc decided to stay at work and not go. So that sucked. Jennifer Burns 10/12/2000 04:09 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: I think I would be a little disappointed after traveling so far.......I guess it was nice to see your "buddies". John Arnold 10/12/2000 04:06 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: Re: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?	[email protected]	[email protected]
arnold-j/_sent_mail/117.	subject: Re: SMUD deal Asian options content: sure To: John Arnold/HOU/ECT@ECT, Timothy M Norton/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, Dutch Quigley/HOU/ECT@ECT cc: Subject: Re: SMUD deal Asian options John, Thank you for your flexibility regarding the asian option we purchased from you (average Feb-Aug GD HH settle). Unfortunately, our customer would like to settle on 7 days, using the preceding day for any day for which Gas Daily is not published (i.e., Friday prices would be used for Saturday and Sunday) - so I know it's not your preference, but I need to take advantage of your offer. Regards, Gary x31511 John Arnold 10/08/2000 02:05 PM To: Gary Taylor/HOU/ECT@ECT cc: Subject: Re: SMUD deal Asian options I can do it either way but would much rather just make it the simple average of prices, 5 per week. From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511	[email protected]	[email protected]
arnold-j/_sent_mail/118.	subject: Re: content: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?	[email protected]	[email protected]
arnold-j/_sent_mail/119.	subject: content: how was the concert?	[email protected]	[email protected]
arnold-j/_sent_mail/12.	subject: content: why does everybody in this company know my p&l?????	[email protected]	[email protected]
arnold-j/_sent_mail/120.	subject: Re: Follow - Up content: Thx, I do not have high speed service yet. Ina Rangel 10/12/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Follow - Up John, I just wanted to update you on some of the things that you wanted me to do: 1. I have ordered your computer and accessories for home use. Once it comes in Jay Webb and Don Adams of IT and EOL will make sure that everything you need will be programmed on your computer. 2. I I have ordered your t.v for the office 3. I am working with telerate department on how you will be able to access it from your home. 4. Polycom is installed in your office 5. I am still investigating different cellular phone companies I will get back to when everything is completed. And one question, do you all ready have DSL or any king of internet service at home? Ina	[email protected]	[email protected]
arnold-j/_sent_mail/121.	subject: Re: Popup Text content: sounds good David Forster@ENRON 10/12/2000 01:32 PM To: Savita Puthigai/NA/Enron@Enron, Andy Zipper/Corp/Enron@Enron, Kal Shah/HOU/ECT@ECT cc: John Arnold/HOU/ECT@ECT Subject: Popup Text I would like to put the following text into a popup box which will appear once to all users of EnronOnline. If you have any comments, please pass them back to me by this afternoon. Thanks, Dave Special Bulletin: Nymex Trading every Sunday on EnronOnline Starting Sunday, October 15 and continuing every Sunday until further notice, Nymex US Gas Swaps will be available for trading from 4:00 p.m. to 7:00 p.m. Central Time.	[email protected]	[email protected]
arnold-j/_sent_mail/122.	subject: Re: BNP PARIBAS Commodity Futures Weekly AGA Survey content: 82 [email protected] on 10/11/2000 08:17:21 AM To: [email protected] cc: Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey Good Morning, Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY. Last Year +49 Last Week +78 Thanks, Michael Byrne BNP PARIBAS Commodity Futures ______________________________________________________________________________ _______________________________________________________ Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur. Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse. L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie. ------------------------------------------------------------------------------ ---- This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified. ______________________________________________________________________________ _______________________________________________________	[email protected]	[email protected]
arnold-j/_sent_mail/123.	subject: Re: Var, Reporting and Resources Meeting content: I will not be able to attend Enron North America Corp. From: Airam Arteaga 10/11/2000 09:17 AM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/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, Kay Chapman/HOU/ECT@ECT Subject: Var, Reporting and Resources Meeting REMINDER - Please see below. ---------------------- Forwarded by Airam Arteaga/HOU/ECT on 10/11/2000 09:14 AM --------------------------- Enron North America Corp. From: Airam Arteaga 10/04/2000 02:23 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	[email protected]	[email protected]
arnold-j/_sent_mail/124.	subject: content: Hey: I hope you know we were just kidding with you yesterday. We don't get many strangers on the floor so we have to harass them when we do. I think I am a couple of the "we are not" attributes in your book. Is that going to cause me any problems going forward? John	[email protected]	[email protected]
arnold-j/_sent_mail/125.	subject: content: I've got your tix. Just two though. I left them in my car. Can you walk down with me around 11:45-12:00?	[email protected]	[email protected]
arnold-j/_sent_mail/126.	subject: Re: Offers content: No 0-jun 1 indicative offer is 4.85 Sheetal Patel 10/10/2000 01:03 PM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Charles H Otto/HOU/ECT@ECT Subject: Offers John & Mike, Could you please fill out the attach spreadsheet COB today? There is one swap term and one collar term. It looks like we are getting close to a finance deal and are working with John Thompson in the finance group. The outline quotes would be a buy out of existing deals on Enron's books. Thanks, Sheetal x36740	[email protected]	[email protected]
arnold-j/_sent_mail/127.	subject: Re: Substantiation for EOL content: how's 3:00? From: Margaret Allen@ENRON on 10/10/2000 12:08 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Substantiation for EOL Oh, I have a meeting with four people at 3:30. Can I come before or after that? If no other time works, I can probably change it. Just let me know, MSA	[email protected]	[email protected]
arnold-j/_sent_mail/128.	subject: Re: Substantiation for EOL content: Absolutely. Come by around 3:30?? From: Margaret Allen@ENRON on 10/10/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Substantiation for EOL Hi, I was hoping that you could give me a few minutes after trading hours to help me substantiate the EOL commercial. ABC is threatening not to run it if I don't prove that "Enron has created the First Internet Global Commodities Market." I can easily prove we are the largest, but I'm having a hard time with first. I know we were, but I have to have it in writing. Give me a call or email me and let me know when you have a second or two. Thanks, Margaret	[email protected]	[email protected]
arnold-j/_sent_mail/129.	subject: Re: Admin Issues content: how about 4:45? From: Jennifer Fraser 10/10/2000 10:52 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Admin Issues JA; Got any time say around 4 pm today .. I need 5 minutes to discuss some potential poaching on my part Thansk JF	[email protected]	[email protected]
arnold-j/_sent_mail/13.	subject: Burning Fat content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/08/2000 03:48 PM --------------------------- From: Bill Berkeland @ ENRON 12/08/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Burning Fat ---------------------- Forwarded by Bill Berkeland/Corp/Enron on 12/08/2000 03:43 PM --------------------------- From: Jennifer Fraser @ ECT 12/07/2000 02:40 PM To: Sarah Mulholland/HOU/ECT@ECT, Stewart Peter/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT, Alex Mcleish/EU/Enron@Enron, Caroline Abramo/Corp/Enron@Enron, Mark Smith/Corp/Enron@Enron, Vikas Dwivedi/NA/Enron@Enron, Bill Berkeland/Corp/Enron@Enron cc: Subject: Burning Fat Vikas - What's the market in nat gas versus lard and heating oil versus olive oil ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 12/07/2000 02:39 PM --------------------------- "Joel K. Gamble" <[email protected]>@wwwww.aescon.com on 12/07/2000 12:33:40 PM Sent by: [email protected] To: [email protected] cc: Subject: Burning Fat Some of our food processing factories in the Midwest which have fuel switching capability find it profitable at these gas prices to burn rendered animal fat in lieu of natural gas. Apparently, the doesn't hurt the boiler machinery. One of the guys responsible for this move did a back of the envelope calculation and found that at $8.00 / Dth NG prices it was even profitable to buy olive oil in bulk as a heating fuel. They haven't used veggie oil yet but are considering it. Anyone else hear any stories of end users switching to unusual fuels? Regards	[email protected]	[email protected]
arnold-j/_sent_mail/130.	subject: content: John: Please call Lavorato's secretary, Kim, and schedule a time to talk with John ASAP. Thanks, John	[email protected]	[email protected]
arnold-j/_sent_mail/131.	subject: Re: Hmmmmm........ content: Yea, I'm picking up 2 tix today....hopefully. John Jennifer Burns 10/09/2000 10:38 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Hmmmmm........ J. Arnold- Hey - It's me! Any luck with the tickets????? Just curious if there any way I can get four tickets instead of two? I know I'm asking alot but I really appreciate it. You know how much I love the Counting Crows and last time they were in town someone was going to take me but the plans fell through..........Thanks!!!!!!! Jennifer	[email protected]	[email protected]
arnold-j/_sent_mail/132.	subject: Re: content: I was long 4000 X @ 4902, then I switched it from X to F at the same price. I switched it at 5000, but it puts me into the F at a price basis of 4902. Sorry for the confusion. Enron North America Corp. From: Kevin M Presto 10/05/2000 10:12 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: My book indicates you have 4000F (Jan 01) at $5.00. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 09:41 AM --------------------------- Enron North America Corp. From: Jenny Latham 10/05/2000 09:23 AM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Re: He has 4000F (Jan01) in your book at 5000. Enron North America Corp. From: Kevin M Presto 10/05/2000 08:30 AM To: Stacey W White/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT cc: Subject: Please confirm Arnold's position by sending me an e-mail. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 08:13 AM --------------------------- John Arnold 10/04/2000 04:01 PM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John	[email protected]	[email protected]
arnold-j/_sent_mail/133.	subject: Re: SMUD deal Asian options content: I can do it either way but would much rather just make it the simple average of prices, 5 per week. From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511	[email protected]	[email protected]
arnold-j/_sent_mail/134.	subject: Re: Thank you for dinner last night content: Adam: Good question. The exchange, NYMEX, and I, Enron Online, offer a nearly identical product. The fight is over which execution model is superior. I would argue that technology will make open outcry exchanges extinct. It's happened in Europe already. The largest commodity exchange in Europe, the LIFFE, went with a parallel electronic system to open outcry. Within weeks, the floor was deserted and virtually all trading occurred electronically. I still trade on the exchange because we have credit issues with individuals and certain hedge funds that limit the trading we can do with them direct. The exchange still provides a credit intermediation function that is useful. It is certainly an issue that we are trying to address. John "Bayer, Adam Ryan" <[email protected]> on 10/03/2000 01:23:01 PM To: [email protected] cc: Subject: Thank you for dinner last night Dear Mr. Arnold, It was nice to meet you yesterday at the information session. Thank you for the dinner last night. I had a great time getting to know Enron and its people in a more relaxed setting. During out conversation yesterday, I was confused about a point you made. You stated that you spent most of your time on the phone with Traders in New York. When you talk to the traders, do you try to steer them towards Enron Online, or are you doing trading outside of Enron Online? I think the underlying question that I am asking, is: Is Enron Online meant to facilitate a gas trader's job, or is it meant to bypass traders completely. Thanks again for your time and for dinner. I look forward to talking with you again when you come to campus for interviews. Cordially, Adam ----------------------------------------------------------------- Bayer, Adam Ryan Vanderbilt University Email: [email protected]	[email protected]	[email protected]
arnold-j/_sent_mail/135.	subject: Re: Demo content: yes Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 06:28 PM To: John Arnold/HOU/ECT@ECT@ENRON cc: Subject: Re: Demo 4pm? Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] John Arnold@ECT 10/05/00 06:05 PM To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS@ENRON cc: Subject: Re: Demo Oops, I hadn't gotten to this one yet. Can we do it any later? Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 04:52 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Let's plan on meeting between 3 and 3:30pm on Wednesday. I'll call you on Wednesday. Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 03:39 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Subject: Re: Demo Let me know when will be good for both you and John on next Wednesday afternoon. Right now only you and myself have been added into the NT group. After the demo, if both of you think it is a great tool, then I am going to add all traders into the NT group, so they can use it. Fangming Brian_Hoskins @enron.net To: [email protected] cc: [email protected] 10/05/2000 Subject: Re: Demo 03:18 PM Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] \|--------+-----------------------> \| \| Fangming.Zhu@\| \| \| enron.com \| \| \| \| \| \| 10/05/00 \| \| \| 09:17 AM \| \| \| \| \|--------+-----------------------> > ----------------------------------------------------------------------------\| \| \| \| To: Brian Hoskins/Enron Communications@Enron Communications \| \| cc: [email protected] \| \| Subject: Demo \| > ----------------------------------------------------------------------------\| Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming	[email protected]	[email protected]
arnold-j/_sent_mail/136.	subject: Re: options information content: Dave: We spend a tremendous amount of resources and money collecting information. Further, the flow we see gives us an advantage in the market. We have little interest in distributing this info outside of the building. I hope you understand. Good luck to your brother. David Pruner@AZURIX 10/06/2000 09:03 AM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Subject: options information I run the structuring group at Azurix, but I am emailing you in reference to my brother-in-law, Scott Adams, who is based in New York City. Since graduating from Brown University he has traded options on the floor in New York as a local for the last 8 years. He trades natural gas options and is looking to occassionally do an information exchange with someone where he can discuss the OTC market versus what he sees going on in the ring. If this would be of interest or not let me know and I will hook you two up. Thanks for your time. Dave Pruner 713-646-8329	[email protected]	[email protected]
arnold-j/_sent_mail/137.	subject: Re: Demo content: Oops, I hadn't gotten to this one yet. Can we do it any later? Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 04:52 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Let's plan on meeting between 3 and 3:30pm on Wednesday. I'll call you on Wednesday. Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 03:39 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Subject: Re: Demo Let me know when will be good for both you and John on next Wednesday afternoon. Right now only you and myself have been added into the NT group. After the demo, if both of you think it is a great tool, then I am going to add all traders into the NT group, so they can use it. Fangming Brian_Hoskins @enron.net To: [email protected] cc: [email protected] 10/05/2000 Subject: Re: Demo 03:18 PM Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] \|--------+-----------------------> \| \| Fangming.Zhu@\| \| \| enron.com \| \| \| \| \| \| 10/05/00 \| \| \| 09:17 AM \| \| \| \| \|--------+-----------------------> > ----------------------------------------------------------------------------\| \| \| \| To: Brian Hoskins/Enron Communications@Enron Communications \| \| cc: [email protected] \| \| Subject: Demo \| > ----------------------------------------------------------------------------\| Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming	[email protected]	[email protected]
arnold-j/_sent_mail/138.	subject: Re: Demo content: Yea ... the later the better. Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 03:18 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 09:17 AM To: Brian Hoskins/Enron Communications@Enron Communications cc: [email protected] Subject: Demo Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming	[email protected]	[email protected]
arnold-j/_sent_mail/139.	subject: Re: aug/sep content: Sorry for not responding. I don't look at my email constantly through the day. Don't have much to do in Q/U still it widens back out. Thanks, John [email protected] on 10/05/2000 01:05:27 PM To: [email protected] cc: Subject: aug/sep i think your selling the whole curve-if your interested im .005 bid for 300 aug/sep ngas. let me know if your interested. dont let silverman get you into too much trouble tonite	[email protected]	[email protected]
arnold-j/_sent_mail/14.	subject: content: A funny story: Because Access was up 75 cents last night, Nymex made a trading limit of unchanged to +150. After 20 minutes of trading, we were at unchanged and the exchange stopped trading for an hour. Rappaport, the exchange president, was standing by to make sure everything was orderly. Obviously, the locals weren't too happy about the exchange closing. One yelled at Rappaport... "Why don't you take your million dollar bonus and go buy Enron stock"	[email protected]	[email protected], [email protected], [email protected]
arnold-j/_sent_mail/140.	subject: RE: WEFA's Outlook for Natural Gas content: Something to take a look at ---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:17 PM --------------------------- From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <[email protected]> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt	[email protected]	[email protected], [email protected]
arnold-j/_sent_mail/141.	subject: RE: WEFA's Outlook for Natural Gas content: Thanks From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <[email protected]> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt	[email protected]	[email protected]
arnold-j/_sent_mail/142.	subject: Re: requirement document content: Can you handle this. Please forward all names on the daily P&L sheet. I get a copy every day if you need. ---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:11 PM --------------------------- Brian Hoskins@ENRON COMMUNICATIONS 10/04/2000 11:55 AM To: Ina Rangel/HOU/ECT@ECT cc: Fangming Zhu/Corp/Enron@ENRON, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Ina, We're setting up a secure message board for all the traders on the floor. Can you please provide Fangming with our current list of gas traders? Thanks, Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] ----- Forwarded by Brian Hoskins/Enron Communications on 10/04/00 12:01 PM ----- Fangming Zhu@ENRON 10/03/00 11:14 AM To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS cc: Subject: Re: requirement document Brian, Please provide the list of user's NT loginID and their full name whoever will use this application. I am going to set up the security for them while I am buiding the application. Thanks, Fangming Brian Hoskins@ENRON COMMUNICATIONS 09/28/2000 02:31 PM To: Fangming Zhu/Corp/Enron@ENRON cc: Allen Elliott/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Fangming, Looks good. That's exactly what we're looking for. John, please comment if there are any additional features you'd like to add. Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] Fangming Zhu@ENRON 09/28/00 02:23 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Allen Elliott/HOU/ECT@ECT Subject: requirement document Hi, Brian: Please review attached requirement document and reply this message with any comments. Once you approve it, I am going to build the application. Thanks, Fangming	[email protected]	[email protected]
arnold-j/_sent_mail/143.	subject: Re: Natural update content: Mark: We are still on for drinks on the 19th. You have called the market very well since you started sending me updates. Unfortunately for both of us, a couple of good calls does not a soothsayer make. Thus, keep sending me your updates so I can at least get a little broader judgment of your abilities. In terms of my trading style, I take positions to make $.25-$1, not $.05. Too much noise in this market to trade differently for me. "Mark Sagel" <[email protected]> on 10/04/2000 02:55:41 PM To: <[email protected]> cc: Subject: Re: Natural update John: I hope you know I was just fishing for a reaction on the phone before. I assumed we would discuss a potential relationship when I'm in Houston on the 19th. We're still on for drinks after work, right? By then, you should have a comfort level with the quality of my work. I think the analysis I've given you has been quite accurate as to market turns and price behavior. It would be helpful if I had some idea of how you trade/view the market. Are you mainly day-trading or do you hold positions for several days/weeks? That way I can structure my comments in order to best serve your interests. Let me know. Thanks, ----- Original Message ----- From: <[email protected]> To: <[email protected]> Sent: Wednesday, October 04, 2000 9:14 AM Subject: Re: Natural update Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <[email protected]> on 10/03/2000 02:29:47 PM To: "John Arnold" <[email protected]> cc: Subject: Natural update John: The price behavior of the past couple days has been disappointing. My short-term market patterns suggested a more robust price rally and natural appears to be waning at present. Volume on this rally is poor, particularly since yesterday was a decent day to the upside. The market appears to be using a lot of its energy but spinning its wheels. If we are at these same price levels in another two weeks, that would be extremely bullish. Right here, the risk/reward to being long is not so great. Recommend a neutral stance short-term on natural. Bigger picture is still very bullish. However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. Let me know if this stuff is useful for you. I certainly don't want to waste your time. In addition, if you prefer I call when I have something to pass along, let me know. I don't know how often you check/see your e-mail. Thanks, Mark Sagel	[email protected]	[email protected]
arnold-j/_sent_mail/144.	subject: content: Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John	[email protected]	[email protected]
arnold-j/_sent_mail/145.	subject: Re: TEST content: Received z <[email protected]> on 10/04/2000 08:48:55 AM Please respond to [email protected] To: [email protected] cc: Subject: TEST This is a test from Yahoo email. Please reply if received. Don Adam Team Lead, Trader Support __________________________________________________ Do You Yahoo!? Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free! http://photos.yahoo.com/	[email protected]	[email protected]
arnold-j/_sent_mail/146.	subject: Re: ABN content: Credit lines are like bandwidth. Create the capacity and we'll find a way to use it. Sarah Wesner@ENRON 10/03/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: ABN John - Enron maxed out its facility with ABN on 9/18/00. I am going for an increase to $50 million. Do you see increasing your trade flow? I do not want to ask for interest free money if Enron will not use it. Sarah	[email protected]	[email protected]
arnold-j/_sent_mail/147.	subject: Re: Natural update content: Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <[email protected]> on 10/03/2000 02:29:47 PM To: "John Arnold" <[email protected]> cc: Subject: Natural update John: ? The price behavior of the past couple days has been disappointing.? My short-term market patterns suggested a more robust price rally and natural appears to be waning at present.? Volume on this rally is poor, particularly since yesterday was a decent day to the upside.? The market appears to be using a lot of its energy but spinning its wheels.? If we are at these same price levels in another two weeks, that would be extremely bullish.? Right here, the risk/reward to being long is not so great.? Recommend a neutral stance short-term on natural.? Bigger picture is still very bullish.? However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. ? Let me know if this stuff is useful for you.? I certainly don't want to waste your time.? In addition, if you prefer I call when I have something to pass along, let me know.? I don't know how often you check/see your e-mail.? Thanks, ? Mark Sagel	[email protected]	[email protected]
arnold-j/_sent_mail/148.	subject: content: http://ecthou-webcl1.nt.ect.enron.com/research/Weather/WeatherMain.htm	[email protected]	[email protected]
arnold-j/_sent_mail/149.	subject: content: John: I have asked Mike and Larry to spend half an hour each talking to you about opportunities on the gas floor. Please advise if the following schedule is unacceptable. I will be leaving today at 2:15. Larry 4:00-4:30 Mike 4:30-5:00 Thanks, John	[email protected]	[email protected]
arnold-j/_sent_mail/15.	subject: Re: microphone to houston content: i think it is something we need to do. please set it up Caroline Abramo@ENRON 11/14/2000 11:06 AM To: John Arnold/HOU/ECT@ECT cc: Per Sekse/NY/ECT@ECT Subject: microphone to houston John- What do you think of getting a direct mic from New York to Houston as soon as possible? We had one at my last employer from NY to London which worked great. You can tun it on or off but it allows us to communicate without getting on the darn phone - I am sure its a total annoyance to pick us up. The steno is still a phone to me and its not recorded. We could keep it between you and Mike. We are getting a few more funds to trade now- some program guys among them who will need quicker execution. I know you and Per have discussed the idea of them calling you direct but I think, for now, the mic is a better answer. I can sit down with you when I am down there to discuss and give you an update of who we are planning to trade with. Best Rgds, Caroline	[email protected]	[email protected]
arnold-j/_sent_mail/150.	subject: small ventures usa content: Russell: I think I should give you a little background on small ventures. Bill Perkins and I have a strong personal and professional relationship. He is an extremely creative individual. Whalley actually commented on him today as someone "who thinks outside the box". Bill actually sat in a bar four years and said the next tradeable market would be bandwidth. He has been successful in the gas business when he has had someone to filter his ideas. As such he provides an informal consulting role to Enron. He throws out ideas and, every once in a while, he comes up with a great one. He pointed out an anomalous pricing occurence in the options market, a market I normally don't follow closely, that I translated into a multimillion dollar trade for Enron. In return, I have agreed to have Enron intermediate his trades within reason. I want to emphasize that continuing this relationship should be considered a high priority. I am willing to accept some of the credit risk exposure as a cost of doing business. Bill understands his role as an independent in the market and performs the right risk/reward trades for someone with finite capital. I place very high confidence in Bill not conducting high risk trades. Having said that, we certainly need to monitor his credit exposure and continue to require LC's. Just understand that he is at a different level of sophistication that any other non-investment grade counterparty. I understand there was some concern in regards to the Transco Z6 spread option he traded. He was absolutely right about the valuation and we, on the trading desk, knew it as well. There are a couple isolated products that Enron does not do a good job of valuing because of systems limtations. This was one product. Our spread options are booked in Excel using option pricing models created by the research group. The problem with these models is that they are strictly theoretical and don't take into account gas fundamental price limitations. For instance, it is less probable, though not impossible, for a transport spread from a production area to a market area to go within variable cost than the models predict. Thus it is necessary to apply a correlation skew curve on top of the overlying correlation used. Obviously, we have this function in our pricing models. I was not aware this methodology had not been transferred to the valuation models. This has since been changed. Fortunately these incidents tend to be extremely rare as very few non-investment grade companies trade these types of products. Finally, on Friday Bill wanted to do a trade that reduced his exposure to Enron. I gave Mike Maggi the go ahead to do the trade without consulting credit. I do not believe that I acted out of line in approving this trade considering the circumstances. If you believe differently, please advise. Thanks, John	[email protected]	[email protected]
arnold-j/_sent_mail/151.	subject: Nigel Patterson content: Can you swap me with Fletch. Try to make all of my interviews as late as possible. Thx John ---------------------- Forwarded by John Arnold/HOU/ECT on 09/29/2000 04:55 PM --------------------------- Enron North America Corp. From: Kimberly Hillis 09/29/2000 09:52 AM To: John Arnold/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John J Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT cc: Ina Rangel/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Tamara Jae Black/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Jessica Ramirez/HOU/ECT@ECT Subject: Nigel Patterson Below please find a copy of the resume and the itinerary for Nigel Patterson. If you have any questions, please do not hesitate to call me or John Lavorato. Thanks for you help. Kim x30681 12:30 - 1:00 Rogers Herndon (EB3320) 1:00 - 1:30 Kevin Presto (EB3320) 1:30 - 2:00 Dana Davis (EB3320) 2:00 - 2:30 Dave Delainey (EB3314) 2:30 - 3:00 John Arnold (EB3320) 3:15 - 4:00 Greg Whalley (EB2801) 4:00 - 4:30 Fletch Sturm (EB3320)	[email protected]	[email protected]
arnold-j/_sent_mail/152.	subject: content: Just an update: Today I set up a front month fixed price gas daily product priced at parity to NYMEX. I thought the response was tremendous. It really shows that we might have an angle to put out more of the curve and become the predominant benchmark for the industry rather than the exchange. One problem I had was linking 2 syncopated basis products. I set up a new product for the prompt that was Nov GD/D Henry Hub that was a syncopated basis of 0/0 to the Nov Nymex. However, since Dec Nymex is a syncopated basis to Nov Nymex, I could not set up a syncopated basis link around the Dec Nymex. Any ideas?	[email protected]	[email protected]
arnold-j/_sent_mail/153.	subject: content: Jeff: Anything ever happen with Pedron? John	[email protected]	[email protected]
arnold-j/_sent_mail/154.	subject: content: Boys: I'm sorry you were not able to attend last night. I do appreciate your efforts to make this book as successful as it has been. It's not quite the same as being in my company, but take your respective wives, or swap, I don't care, out this weekend on me. Try to keep it under $300 per couple. Keep up the good work, John	[email protected]	[email protected], [email protected]

allen-p/sent/769.

subject: Re: PRC review - phone calls content: any morning between 10 and 11:30

allen-p/sent/77.

subject: content: Chris, What is the latest with PG&E? We have been having good discussions regarding EOL. Call me when you can. X37041 Phillip

[email protected]

allen-p/sent/78.

subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000 02:01 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: The meeting with Richard Burchfield/HOU/ECT was rescheduled. On 09/28/2000 03:00:00 PM CDT For 1 hour With: Richard Burchfield/HOU/ECT (Chairperson) Fletcher J Sturm/HOU/ECT (Invited) Scott Neal/HOU/ECT (Invited) Hunter S Shively/HOU/ECT (Invited) Phillip K Allen/HOU/ECT (Invited) Allan Severude/HOU/ECT (Invited) Scott Mills/HOU/ECT (Invited) Russ Severson/HOU/ECT (Invited) Gas Physical/Financail Positions - Room 2537

[email protected]

allen-p/sent/79.

subject: content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000 02:00 PM --------------------------- Invitation Chairperson: Richard Burchfield Sent by: Cindy Cicchetti Start: 09/27/2000 01:00 PM End: 09/27/2000 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:

[email protected]

allen-p/sent/8.

subject: Re: Associates & Analysts Eligible for Promotion content: I would support Matt Lenhart's promotion to the next level. I would oppose Ken Shulklapper's promotion.

[email protected]

allen-p/sent/80.

subject: content: Greg, Happy B-day. Email me your phone # and I will call you. Keith

[email protected]

allen-p/sent/81.

subject: content: Kathy, Regarding the guest password for gas daily, can you please relay the information to Mike Grigsby at 37031 so he can pass it along to the user at gas daily today. I will be out of the office on Friday. thank you Phillip

[email protected]

allen-p/sent/82.

subject: content: John, Denver's short rockies position beyond 2002 is created by their Trailblazer transport. They are unhedged 15,000/d in 2003 and 25,000/d in 2004 and 2005. They are scrubbing all their books and booking the Hubert deal on Wednesday and Thursday. Phillip

[email protected]

allen-p/sent/83.

subject: content: George, Below is a list of questions that Keith and I had regarding the Westgate project: Ownership Structure What will be the ownership structure? Limited partnership? General partner? What are all the legal entities that will be involved and in what capacity(regarding ownership and liabilities)? Who owns the land? improvements? Who holds the various loans? Is the land collateral? Investment What happens to initial investment? Is it used to purchase land for cash?Secure future loans? Why is the land cost spread out on the cash flow statement? When is the 700,000 actually needed? Now or for the land closing? Investment schedule? Investment Return Is Equity Repayment the return of the original investment? Is the plan to wait until the last unit is sold and closed before profits are distributed? Debt Which entity is the borrower for each loan and what recourse or collateral is associated with each loan? Improvement Construction Are these the only two loans? Looks like it from the cash flow statement. Terms of each loan? Uses of Funds How will disbursements be made? By whom? What type of bank account? Controls on max disbursement? Internet viewing for investors? Reports to track expenses vs plan? Bookkeeping procedures to record actual expenses? What is the relationship of Creekside Builders to the project? Do you get paid a markup on subcontractors as a general contractor and paid gain out of profits? Do you or Larry receive any money in the form of salary or personal expenses before the ultimate payout of profits? Design and Construction When will design be complete? What input will investors have in selecting design and materials for units? What level of investor involvement will be possible during construction planning and permitting? Does Creekside have specific procedures for dealing with subcontractors, vendors, and other professionals? Such as always getting 3 bids, payment schedules, or reference checking? Are there any specific companies or individuals that you already plan to use? Names? These questions are probably very basic to you, but as a first time investor in a project like this it is new to me. Also, I want to learn as much as possible from the process. Phillip

[email protected]

allen-p/sent/84.

subject: Westgate Proforma-Phillip Allen.xls content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/19/2000 04:35 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:21:49 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Proforma-Phillip Allen.xls Enclosed is the preliminary proforma for the Westgate property is Austin that we told you about. As you can tell from the proforma this project should produce a truly exceptional return of over 40% per year over 3 years. This is especially attractive when the project is in a market as strong as Austin and we are introducing new product that in a very low price range for this market. This is the best project in terms of risk and reward that we have uncovered to date in the Austin market. The project does have approved zoning and will only require a site plan. As it is in the "Smart Growth Corridor" area designated by the City of Austin for preferred development, this will be fast tracked and should be complete in less than 6 months. Additionally, many of the current and more severe water treatment ordinances have been waived. I have estimated the lot improvement costs based on a 28 lot development we investigated in North Austin, which included a detention/retention and filtration pond and street widening. Even though this property is not likely to require street widening and will have less of a detention/retention and filtration pond requirement, I used this data to be cautious. The Lone Star gas line easement in the lower portion of the property is not expected to impact sales significantly. Other projects have been quite successful with identical relationships to this pipeline, such as the adjoining single family residential and a project at St. Edwards University. As with most infill projects, the quality of the surrounding neighborhoods is uneven. We have included a fence around the entire property, but may only put it on Westgate and Cameron Loop. Gated communities are far preferred so this is a good idea for both screening and current buyer preferences. The seller accepted our offer Thursday evening with a price of $680,000 and an extended escrow. This will enable us to probably obtain an approved site plan before closing on the contract, which will mean that we can close into an A&D Loan rather than into a land loan and then an improvement loan. This analysis shows your investment at $700,000 for a 50% interest in the profits of the project. As we discussed in San Marcos, we can also discuss having you invest only in the lots, sell the lots to the construction entity with your profit in the lot. I believe this would facilitate the use of a 1031 Exchange of the proceeds from this deal into another project that is a rental deal or at least into the land for a rental project that would then be the equity for that project. You would need to discuss this with an exchange expert first. Larry Lewter knows an expert in the field in San Antonio if you do not know anyone. I will send you a package on the property that was prepared by the broker, by Airborne Express today for Saturday delivery. Once you have read the package and reviewed this proforma, we would want to schedule a tour of the site and the area. Please get back to me as soon as your schedule permits regarding the site visit and feel free to call at any time. You can reach me over the weekend and in the evening at either 512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is 512-338-1103. I look forward to hearing from you and to working with you on this project that is sure to be a major winner. I regret that it took so long to get back to you, but we had some unusual events these past few weeks. A small freakish wind storm with severe 60+mpg downdrafts hit the South part of Austin where we are building 10 town homes. One of these units had just had the roof decked with the siding scheduled to start the next day. The severe downdraft hitting the decked roof was enough to knock it down. The City shut down the project for a week and it took another week to get every thing back on tract. Then last week I had to take my wife to emergency. She has a bulge in the material between the vertebra in her spine and it causes her extreme pain and has kept her bedridden this past week.. There is nothing like having your wife incapacitated to realize the enormous number of things she does everyday. Fortunately, it looks as if she will be ok in the long run. George W. Richards Creekside Builders, LLC - Westgate Proforma-Phillip Allen.xls

[email protected]

allen-p/sent/85.

subject: content: George, Here sales numbers from Reagan: As you can see his units sold at a variety of prices per square foot. The 1308/1308 model seems to have the most data and looks most similiar to the units you are selling. At 2.7 MM, my bid is .70/sf higher than his units under construction. I am having a hard time justifying paying much more with competition on the way. The price I am bidding is higher than any deals actually done to date. Let me know what you think. I will follow up with an email and phone call about Cherry Creek. I am sure Deborah Yates let you know that the bid was rejected on the De Ville property. Phillip Allen

[email protected]

allen-p/sent/86.

subject: content: Jeff, What is up with Burnet? Phillip

[email protected]

allen-p/sent/87.

subject: Re: burnet content: Jeff, I need to see the site plan for Burnet. Remember I must get written approval from Brenda Key Stone before I can sell this property and she has concerns about the way the property will be subdivided. I would also like to review the closing statements as soon as possible. Phillip

[email protected]

allen-p/sent/88.

subject: content: Lucy, I want to have an accurate rent roll as soon as possible. I faxed you a copy of this file. You can fill in on the computer or just write in the correct amounts and I will input.

[email protected]

allen-p/sent/89.

subject: Re: Sept 1 Payment content: Brenda, I checked my records and I mailed check #1178 for the normal amount on August 28th. I mailed it to 4303 Pate Rd. #29, College Station, TX 77845. I will go ahead and mail you another check. If the first one shows up you can treat the 2nd as payment for October. I know your concerns about the site plan. I will not proceed without getting the details and getting your approval. I will find that amortization schedule and send it soon. Phillip

[email protected]

allen-p/sent/9.

subject: Re: Court Ordered Notice to Customers and Registered Users of content: please remove my name and information from the registered user list. Do not sell my information. Phillip Allen

[email protected]

allen-p/sent/90.

subject: content: Lucy, You wrote fewer checks this month. Spent more money on Materials and less on Labor. June July August Total Materials 2929 4085 4801 Services 53 581 464 Labor 3187 3428 2770 Here are my questions on the August bank statement (attached): 1. Check 1406 Walmart Description and unit? 2. Check 1410 Crumps Detail description and unit? 3. Check 1411 Lucy What is this? 4. Check 1415 Papes Detail description and units? 5. Checks 1416, 1417, and 1425 Why overtime? 6. Check 1428 Ralph's What unit? 7. Check 1438 Walmart? Description and unit? Try and pull together the support for these items and get back to me. Phillip

[email protected]

allen-p/sent/91.

subject: Contact list for mid market content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/12/2000 11:22 AM --------------------------- Michael Etringer 09/11/2000 02:32 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Contact list for mid market Phillip, Attached is the list. Have your people fill in the columns highlighted in yellow. As best can we will try not to overlap on accounts. Thanks, Mike

[email protected]

[email protected], [email protected]

allen-p/sent/92.

subject: content: http://www.hearme.com/vc2/[email protected]

[email protected]

allen-p/sent/93.

subject: Westgate Proforma-Phillip Allen.xls content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/11/2000 04:57 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:21:49 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Proforma-Phillip Allen.xls Enclosed is the preliminary proforma for the Westgate property is Austin that we told you about. As you can tell from the proforma this project should produce a truly exceptional return of over 40% per year over 3 years. This is especially attractive when the project is in a market as strong as Austin and we are introducing new product that in a very low price range for this market. This is the best project in terms of risk and reward that we have uncovered to date in the Austin market. The project does have approved zoning and will only require a site plan. As it is in the "Smart Growth Corridor" area designated by the City of Austin for preferred development, this will be fast tracked and should be complete in less than 6 months. Additionally, many of the current and more severe water treatment ordinances have been waived. I have estimated the lot improvement costs based on a 28 lot development we investigated in North Austin, which included a detention/retention and filtration pond and street widening. Even though this property is not likely to require street widening and will have less of a detention/retention and filtration pond requirement, I used this data to be cautious. The Lone Star gas line easement in the lower portion of the property is not expected to impact sales significantly. Other projects have been quite successful with identical relationships to this pipeline, such as the adjoining single family residential and a project at St. Edwards University. As with most infill projects, the quality of the surrounding neighborhoods is uneven. We have included a fence around the entire property, but may only put it on Westgate and Cameron Loop. Gated communities are far preferred so this is a good idea for both screening and current buyer preferences. The seller accepted our offer Thursday evening with a price of $680,000 and an extended escrow. This will enable us to probably obtain an approved site plan before closing on the contract, which will mean that we can close into an A&D Loan rather than into a land loan and then an improvement loan. This analysis shows your investment at $700,000 for a 50% interest in the profits of the project. As we discussed in San Marcos, we can also discuss having you invest only in the lots, sell the lots to the construction entity with your profit in the lot. I believe this would facilitate the use of a 1031 Exchange of the proceeds from this deal into another project that is a rental deal or at least into the land for a rental project that would then be the equity for that project. You would need to discuss this with an exchange expert first. Larry Lewter knows an expert in the field in San Antonio if you do not know anyone. I will send you a package on the property that was prepared by the broker, by Airborne Express today for Saturday delivery. Once you have read the package and reviewed this proforma, we would want to schedule a tour of the site and the area. Please get back to me as soon as your schedule permits regarding the site visit and feel free to call at any time. You can reach me over the weekend and in the evening at either 512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is 512-338-1103. I look forward to hearing from you and to working with you on this project that is sure to be a major winner. I regret that it took so long to get back to you, but we had some unusual events these past few weeks. A small freakish wind storm with severe 60+mpg downdrafts hit the South part of Austin where we are building 10 town homes. One of these units had just had the roof decked with the siding scheduled to start the next day. The severe downdraft hitting the decked roof was enough to knock it down. The City shut down the project for a week and it took another week to get every thing back on tract. Then last week I had to take my wife to emergency. She has a bulge in the material between the vertebra in her spine and it causes her extreme pain and has kept her bedridden this past week.. There is nothing like having your wife incapacitated to realize the enormous number of things she does everyday. Fortunately, it looks as if she will be ok in the long run. George W. Richards Creekside Builders, LLC - Westgate Proforma-Phillip Allen.xls

[email protected]

allen-p/sent/94.

subject: Re: Chelsea Villas content: Jeff, I received the rent roll. I am going to be in San Marcos this weekend but I am booked with stage coach. I will drive by Friday evening. I will let you know next week if I need to see the inside. Can you find out when Chelsea Villa last changed hands and for what price? What about getting a look at the site plans for the Burnet deal. Remember we have to get Brenda happy. Phillip

[email protected]

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subject: content: 9/8 9/7 diff Socal 36,600 37,200 -600 NWPL -51,000 -51,250 250 San Juan -32,500 -32,000 -500 The reason the benchmark report shows net selling San Juan is that the transport positions were rolled in on 9/8. This added 800 shorts to San Juan and 200 longs to Socal. Before this adjustment we bought 300 San Juan and sold 800 Socal.

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subject: Re: VaR by Curve content: why is aeco basis so low on the list? Is NWPL mapped differently than AECO? What about the correlation to Nymex on AECO?

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allen-p/sent/97.

subject: Re: Sagewood etc. content: Jeff, You would clearly receive a commission on a deal on the sagewood. I am surprised by your request for payment on any type of project in which I might become involved with Creekside. Are you in the business of brokering properties or contacts? Is your position based on a legal or what you perceive to be an ethical issue? Did you propose we look at developing a project from scratch? I am not prepared to pay more than 2.7 for sagewood yet. Phillip

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allen-p/sent/98.

subject: Sagewood Town Homes content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000 12:29 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:35:20 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]>, "Diana Zuniga" <[email protected]> Subject: Sagewood Town Homes I was aware that Regan Lehman, the lot developer for the entire 70 lot duplex project, was selling his units in the $180's, He does have a much lower basis in the lots than anyone else, but the prime differences are due to a) he is selling them during construction and b) they are smaller units. We do not know the exact size of each of his units, but we believe one of the duplexes is a 1164/1302 sq ft. plan. This would produce an average sq footage of 1233, which would be $73.80 psf at $182,000. (I thought his sales price was $187,000.) At this price psf our 1,376 sf unit would sell for $203,108. What is more important, in my view, is a) the rental rate and b) the rent-ability. You have all of our current rental and cost data for your own evaluation. As for rent-ability, I believe that we have shown that the 3-bedroom, 3.5 bath is strongly preferred in this market. In fact, if we were able to purchase additional lots from Regan we would build 4 bedroom units along with the 3-bedroom plan. Phillip, I will call you today to go over this more thoroughly. Sincerely, George W. Richards Creekside Builders, LLC

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allen-p/sent/99.

subject: Westgate Proforma-Phillip Allen.xls content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000 12:28 PM --------------------------- "George Richards" <[email protected]> on 09/08/2000 05:21:49 AM Please respond to <[email protected]> To: "Phillip Allen" <[email protected]> cc: "Larry Lewter" <[email protected]> Subject: Westgate Proforma-Phillip Allen.xls Enclosed is the preliminary proforma for the Westgate property is Austin that we told you about. As you can tell from the proforma this project should produce a truly exceptional return of over 40% per year over 3 years. This is especially attractive when the project is in a market as strong as Austin and we are introducing new product that in a very low price range for this market. This is the best project in terms of risk and reward that we have uncovered to date in the Austin market. The project does have approved zoning and will only require a site plan. As it is in the "Smart Growth Corridor" area designated by the City of Austin for preferred development, this will be fast tracked and should be complete in less than 6 months. Additionally, many of the current and more severe water treatment ordinances have been waived. I have estimated the lot improvement costs based on a 28 lot development we investigated in North Austin, which included a detention/retention and filtration pond and street widening. Even though this property is not likely to require street widening and will have less of a detention/retention and filtration pond requirement, I used this data to be cautious. The Lone Star gas line easement in the lower portion of the property is not expected to impact sales significantly. Other projects have been quite successful with identical relationships to this pipeline, such as the adjoining single family residential and a project at St. Edwards University. As with most infill projects, the quality of the surrounding neighborhoods is uneven. We have included a fence around the entire property, but may only put it on Westgate and Cameron Loop. Gated communities are far preferred so this is a good idea for both screening and current buyer preferences. The seller accepted our offer Thursday evening with a price of $680,000 and an extended escrow. This will enable us to probably obtain an approved site plan before closing on the contract, which will mean that we can close into an A&D Loan rather than into a land loan and then an improvement loan. This analysis shows your investment at $700,000 for a 50% interest in the profits of the project. As we discussed in San Marcos, we can also discuss having you invest only in the lots, sell the lots to the construction entity with your profit in the lot. I believe this would facilitate the use of a 1031 Exchange of the proceeds from this deal into another project that is a rental deal or at least into the land for a rental project that would then be the equity for that project. You would need to discuss this with an exchange expert first. Larry Lewter knows an expert in the field in San Antonio if you do not know anyone. I will send you a package on the property that was prepared by the broker, by Airborne Express today for Saturday delivery. Once you have read the package and reviewed this proforma, we would want to schedule a tour of the site and the area. Please get back to me as soon as your schedule permits regarding the site visit and feel free to call at any time. You can reach me over the weekend and in the evening at either 512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is 512-338-1103. I look forward to hearing from you and to working with you on this project that is sure to be a major winner. I regret that it took so long to get back to you, but we had some unusual events these past few weeks. A small freakish wind storm with severe 60+mpg downdrafts hit the South part of Austin where we are building 10 town homes. One of these units had just had the roof decked with the siding scheduled to start the next day. The severe downdraft hitting the decked roof was enough to knock it down. The City shut down the project for a week and it took another week to get every thing back on tract. Then last week I had to take my wife to emergency. She has a bulge in the material between the vertebra in her spine and it causes her extreme pain and has kept her bedridden this past week.. There is nothing like having your wife incapacitated to realize the enormous number of things she does everyday. Fortunately, it looks as if she will be ok in the long run. George W. Richards Creekside Builders, LLC - Westgate Proforma-Phillip Allen.xls

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subject: Central Texas Bale Resource content: Hi All We are looking for a wheat farmer near Austin who we can purchase approximately 300 bales from. Please e-mail me at the referenced address or call at 512) 263-0177 during business hours (Central Standard Time) if you can help. Thanks Ben Obregon A.I.A.

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allen-p/straw/2.

subject: Re: History of Lime and Cement content: 'Arry ([email protected]), Lime Ex-splurt Extraordinaire, wrote: [snipped] >I highly recommend David Moore's book "The Roman Pantheon" >very thorough research into the uses and development of Roman Cement....lime >and clay/pozzolonic ash; the making and uses of lime in building. >I find it almost impossible to put down Why am I not surprised ? I suspect that if someone were to build a town called Lime, make everything in the town out of lime, provide only foods that have some connection to lime and then bury the Limeys in lime when they're dead, 'Arry would move to that town in a flash and think that he had arrived in Paradise on Earth. According to my v-a-a-a-ast network of spies, sneaks and sleuths, this next issue of The Last Straw focusses on lime... and to no one's surprise, will feature some of the musings/wisdom/experience of our Master of Lime, 'Arry . Those same spies/sneaks/sleuths tell me that the format of this next issue is a departure from the norm and may be a Beeg Surprise to some. Me ? My curiosity is piqued and am itchin' to see this Limey issue of The Last Straw and if you are afflicted with the same and do not yet subscribe, it may not be too late: [email protected] or www.strawhomes.com -- Itchy

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allen-p/straw/3.

subject: History of Lime and Cement content: Folks, I just found this interesting site about the history of the uses of lime and development of pozzolonic materials ...lime and clay - Roman Cement - that I think will be interesting to the group. I highly recommend David Moore's book "The Roman Pantheon" at $25.00 - a very thorough research into the uses and development of Roman Cement....lime and clay/pozzolonic ash; the making and uses of lime in building. The book covers ancient kilns, and ties it all to modern uses of cement and concrete. I find it almost impossible to put down - as the writing flows easily - interesting, entertaining, and enlightening. David Moore spent over 10 years learning just how the Romans were able to construct large buildings, structures, etc., with simply lime and volcanic ash - structures that have lasted over 2000 years. A great testimonial to the Roman builders; and good background information for sustainable builder folks. Thank you, Mr. Moore. I highly recommend the site and especially the Book. <A HREF="http://www.romanconcrete.com/">Roman Concrete Research by David Moore</A> Regards, Harry Francis

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[email protected], [email protected]

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subject: Re: Newsgroups content: >What other cool newsgroups are available for us alternative thinkers? >Rammed Earth, Cob, etc? > We have a list of our favorites at http://www.greenbuilder.com/general/discussion.html (and we're open to more suggestions) BC Bill Christensen [email protected] Green Homes For Sale/Lease: http://www.greenbuilder.com/realestate/ Green Building Pro Directory: http://www.greenbuilder.com/directory/ Sustainable Bldg Calendar: http://www.greenbuilder.com/calendar/ Sustainable Bldg Bookstore: http://www.greenbuilder.com/bookstore

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allen-p/straw/5.

subject: RE: concrete stain content: > Hi, > We recently faced the same questions concerning our cement floor finishing > here's what we found. > > Oringinal Plan: was for stamped and pigmented (color added at the cement plant) > with stained accents and highlighting to simulate a sautillo tile. Our project > is rather large 2900 sq ft SB house with 1800 sq ft porch surrounding it. Lot's > of cement approx. 160 sq yds. After looking at the costs we changed our minds > rather quickly. > > Labor for Stamping Crew $2500.00 > Davis Color Stain 4lbs per yd x 100 yds x $18 lb $7200.00 > > These are above and beyond the cost of the concrete. > > Actual Result: Took a truck and trailer to Mexico and handpicked Sautillo tiles > for inside the house. Changed the color of the cement on the porch to 1lb per yd > mix color, added the overrun tiles we had left over as stringers in the porch > and accented with acid etched stain. > > Tiles and Transportation $3000.00 > Labor, mastic and beer. tile setting (did it myself) $1400.00 > Acid Stain for porch $ 350.00 > Davis Pigment $15 x 40 yds $ 600.00 > > I can get you the info on the stain if you like, I ordered it from a company the > web, can't remember off hand who. I ordered a sample kit for $35.00 which has 7 > colors you can mix and match for the results you want. It was easy to work with > much like painting in water colors on a large scale. > > Hope this helps you out, > > Matt Kizziah >

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allen-p/straw/6.

subject: The 1999 Hemp Year in Review content: PAA27941 Sender: [email protected] Precedence: bulk The 1999 Hemp Year in Review The Millennium ready, issue #7 of the Hemp Commerce & Farming Report (HCFR) is now online. Start off the New Year in hemp with a good read of this special issue. HCFR #7 can now be found online at Hemphasis.com, GlobalHemp.com and Hemp Cyberfarm.com. http://www.hemphasis.com http://www.globalhemp.com/Media/Magazines/HCFR/1999/December/toc.shtml http://www.hempcyberfarm.com/pstindex.html This issue will also be posted as soon as possible at: http://www.hemptrade.com/hcfr http://www.hemppages.com/hwmag.html IN THIS ISSUE: Part One: Editorial To the Editor The Year in Review: The Top Stories Genetically Modified Hemp? Part Two: Harvest Notebook, Part III: 1) Poor Organic Farming Practices Produce Poor Yields 2) Hemp Report and Update for Northern Ontario Performance-Based Industrial Hemp Fibres Will Drive Industry Procurement in the 21st Century, (Part II) Part Three: Benchmarking Study on Hemp Use and Communication Strategies By the Numbers: The HCFR List Historical Hemp Highlights Association News: Northern Hemp Gathering in Hazelton, BC Upcoming Industry Events Guelph Organic Show Paperweek 2000 Hemp 2000 Santa Cruz Industrial Hemp Expo

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allen-p/straw/7.

subject: content: <4DDE116DBCA1D3118B130080C840BAAD02CD53@ppims.Services.McMaster.CA> From: "Wesko, George" <[email protected]> To: [email protected] Subject: RADIANT HEATING Date: Tue, 4 Jan 2000 11:28:29 -0500 MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2650.21) Content-Type: multipart/alternative; ------_=_NextPart_001_01BF56D0.C002317E Content-Type: text/plain; charset="iso-8859-1" Sender: [email protected] Precedence: bulk There are a number of excellent sites for radiant heating, including the magazine fine homebuilding June-July 1992 issue: the Radiant Panel Association; ASHRAE Chapter 6; Radiantec-Radiant heating system from Radiantec; the following web site: http://www.twapanels.ca/heating index.html The above is a good start, and each of the sites have a number of good links. Let me know how you make out in your search.

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undisclosed-recipients:,

allen-p/straw/8.

subject: Re: concrete stain content: In a message dated 1/4/00 3:18:50 PM Eastern Standard Time, [email protected] writes: << There are 3 basic methods for concrete color: 1. a dry additive to a concrete mix prior to pouring 2. chemical stain: applied to new/old concrete surfaces (can be beautiful!)3. dry-shake on fresh concrete- >> plus the one I just posted using exterior stain, I used this after the expensive chemical stuff I bought from the company in Calif that I saw in Fine Homebuilding did NOt work - what I used was a variation of what Malcolm Wells recommended in his underground house book Linda

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arnold-j/_sent_mail/1.

subject: re:spreads content: saw a lot of the bulls sell summer against length in front to mitigate margins/absolute position limits/var. as these guys are taking off the front, they are also buying back summer. el paso large buyer of next winter today taking off spreads. certainly a reason why the spreads were so strong on the way up and such a piece now. really the only one left with any risk premium built in is h/j now. it was trading equivalent of 180 on access, down 40+ from this morning. certainly if we are entering a period of bearish to neutral trade, h/j will get whacked. certainly understand the arguments for h/j. if h settles $20, that spread is probably worth $10. H 20 call was trading for 55 on monday. today it was 10/17. the market's view of probability of h going crazy has certainly changed in past 48 hours and that has to be reflected in h/j. [email protected] on 12/13/2000 04:15:51 PM To: [email protected] cc: [email protected] Subject: re:spreads mkt getting a little more bearish the back of winter i think-if we get another cold blast jan/feb mite move out. with oil moving down and march closer flat px wide to jan im not so bearish these sprds now-less bullish march april as well.

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arnold-j/_sent_mail/10.

subject: re:summer inverses content: amazing how with cash futures at $1 and the back such a piece that f/g under such pressure. month 2 has been the strongest part of the board all year. will be interesting to see what happens when h/j is prompt. could j actually be strong? seems like of the spreads on the board the best risk reward is in f/g. a little worried about having the z/f effect again. that is, all spec length trying to roll and funds trying to roll at the same time leading to some ridiculous level at expiry. any thoughts? [email protected] on 12/08/2000 12:05:54 PM To: [email protected] cc: Subject: re:summer inverses i suck-hope youve made more money in natgas last 3 weeks than i have. mkt shud be getting bearish feb forward-cuz we already have the weather upon us-fuel switching and the rest shud invert the whole curve not just dec cash to jan and feb forward???? have a good weekend john

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arnold-j/_sent_mail/100.

subject: Re: congrats content: We both thank you From: Jennifer Fraser 10/17/2000 06:12 PM To: John Arnold/HOU/ECT@ECT cc: Subject: congrats Dutch ( as you know ) is great. I am very happy for him and you JF

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arnold-j/_sent_mail/101.

subject: Re: Hi content: So, what is it? And by the way, don't start with the excuses. You're expected to be a full, gourmet cook. Kisses, not music, makes cooking a more enjoyable experience. "Jennifer White" <[email protected]> on 10/17/2000 04:19:20 PM To: [email protected] cc: Subject: Hi I told you I have a long email address. I've decided what to prepare for dinner tomorrow. I hope you aren't expecting anything extravagant because my culinary skills haven't been put to use in a while. My only request is that your stereo works. Music makes cooking a more enjoyable experience. Watch the debate if you are home tonight. I want a report tomorrow... Jen ___________________________________________________________________ To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax, all in one place - sign up today at http://www.zdnetonebox.com

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arnold-j/_sent_mail/102.

subject: Re: Thursday meeting content: sure, stop by and we'll arrange a place to meet. If you come by during trading hours though, I can only say hi for a couple seconds. "Mark Sagel" <[email protected]> on 10/17/2000 05:20:14 PM To: <[email protected]> cc: Subject: Re: Thursday meeting That sounds fine. Would you like to meet at your office and go from there? By the way, I will be in your office earlier in the afternoon for a meeting. Perhaps I can stop over to say hello. ----- Original Message ----- From: <[email protected]> To: <[email protected]> Sent: Tuesday, October 17, 2000 5:53 PM Subject: Re: Thursday meeting how about 6:00 for drinks "Mark Sagel" <[email protected]> on 10/17/2000 04:34:56 PM To: "John Arnold" <[email protected]> cc: Subject: Thursday meeting Hey John: When you have a chance, let me know what time works for us to get together Thursday. Thanks, Mark Sagel Psytech Analytics

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arnold-j/_sent_mail/103.

subject: Re: Thursday meeting content: how about 6:00 for drinks "Mark Sagel" <[email protected]> on 10/17/2000 04:34:56 PM To: "John Arnold" <[email protected]> cc: Subject: Thursday meeting Hey John: ? When you have a chance, let me know what time works for us to get together Thursday.? Thanks, ? Mark Sagel Psytech Analytics

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arnold-j/_sent_mail/104.

subject: Re: content: I've got a "strategy" mtg from 3:00 - 5:00. It's very important. I've got to strategize about things. Not sure about exactly what. Just things. From: Margaret Allen@ENRON on 10/17/2000 01:13 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Other than the fact that we desparately need your unbelieveably marketing-savvy person up here - no. What's going on in the trading world? Maybe I'll have to mosey on down there later today. Is it busy?

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arnold-j/_sent_mail/105.

subject: content: anything new in the world of marketing?

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arnold-j/_sent_mail/106.

subject: Re: Margin Lines content: yea, how about 3:30? Sarah Wesner@ENRON 10/16/2000 10:21 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Margin Lines Are you around today? I need to talk to you about some things. Sarah

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arnold-j/_sent_mail/107.

subject: Re: John Arnold's PC content: how about 4:00? Ina Rangel 10/16/2000 11:03 AM To: John Arnold/HOU/ECT@ECT cc: Subject: John Arnold's PC John, When would be a good time for you. After work maybe? Ina ---------------------- Forwarded by Ina Rangel/HOU/ECT on 10/16/2000 11:02 AM --------------------------- DON ADAM @ ENRON 10/16/2000 10:06 AM To: Ina Rangel/HOU/ECT@ECT cc: Subject: John Arnold's PC Ina, Could you please have John email you the directions to his house and when would be a good time to come by and install the equipment? Thanks. Don

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arnold-j/_sent_mail/108.

subject: Executive Reports Viewer: NEW LOCATION content: I can't get into this....any ideas? ---------------------- Forwarded by John Arnold/HOU/ECT on 10/14/2000 05:12 PM --------------------------- Christa Winfrey 10/06/2000 06:00 PM To: Chris Abel/HOU/ECT@ECT, Darin Talley/Corp/Enron@ENRON, Alisa Green/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Gary Stadler/Enron Communications@Enron Communications, Greg Whalley/HOU/ECT@ECT, Cliff Baxter/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT, Kevin Hannon/Enron Communications@Enron Communications, Kimberly Hillis/HOU/ECT@ect, Kevin M Presto/HOU/ECT@ECT, Michael Benien/Corp/Enron@ENRON, Mark Frank/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Patricia Anderson/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Trey Hardy/HOU/ECT@ect, Tammy R Shepperd/HOU/ECT@ECT, Veronica Valdez/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Daniel Falcone/Corp/Enron@ENRON, Frank Hayden/Corp/Enron@Enron, Frank Prejean/HOU/ECT@ECT, James New/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin Beasley/Corp/Enron@ENRON, Kevin Sweeney/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Minal Dalia/HOU/EES@EES, Nelson Bibby/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Thomas Myers/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, John Massey/HOU/ECT@ECT, Jeff Smith/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Mason Hamlin/HOU/ECT@ECT, Kenneth Lay/Corp/Enron@ENRON, Joseph W Sutton@Enron, Jeffrey K Skilling@Enron, LaCrecia Davenport/Corp/Enron@Enron, Rebecca Phillips/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT, W David Duran/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Julie A Gomez/HOU/ECT@ECT, Jill Louie/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron, Jere C Overdyke/HOU/ECT@ECT, Jody Pierce/HOU/ECT@ECT, John Thompson/LON/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Laura E Scott/CAL/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, Michael Miller/EWC/Enron@ENRON, Mark Tawney/HOU/ECT@ECT, Paula McAlister/LON/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Scott Josey/Corp/Enron@ENRON, Andrea V Reed/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Chris Komarek/Corp/Enron@Enron, Cris Sherman/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT, Gail Tholen/HOU/ECT@ECT, Greg Whiting/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, Hope Vargas/HOU/ECT@ECT, Lon Draper/CAL/ECT@ECT, Mary Lynne Ruffer/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON, Stephen Wolfe/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Andrew, Andrew R Conner/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, Matthew Adams/Corp/Enron@ENRON, Steven Kleege/HOU/ECT@ECT, Tracy Beardmore/NA/Enron@Enron, Robert Richard/Corp/Enron@ENRON, Timothy M Norton/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT cc: Vern Vallejo/HOU/ECT@ECT, Sally Chen/NA/Enron@Enron, Annemieke Slikker/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT Subject: Executive Reports Viewer: NEW LOCATION As of midnight, Saturday, October 7th, the Executive Reports Viewer will no longer be accessible at its current location, due to IT modifications. The system has been redesigned to allow access via Internet Explorer (you cannot use Netscape). The new location is http://ersys.corp.enron.com. This change will ONLY affect the viewing of the reports; it will NOT impact the publishing of the reports. A shortcut icon can be created by dragging the Internet Explorer Logo (located in the address field next to the URL) to the desktop. If you have any questions, please do not hesitate to call Kristin Walsh at 3-9510 or myself at 3-9307. Thank you for your understanding, Christa Winfrey

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arnold-j/_sent_mail/109.

subject: Re: Sunday Trading content: Savita: A couple of issues: 1. I'm having trouble setting a syncopated basis child of a syncopated basis child (grandchild). Is this not currently allowed by the system? 2. I have a lot of counterparties whom click on hub gas daily when they meant to trade nymex. Although I would like the nymex filter to bring gas dailies, is there anyway to separate them a little more clearly. Eventually I would like to run all my products in parallel with gas daily, but I'm restricted right now by issue #1. Please advise, John

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arnold-j/_sent_mail/11.

subject: Re: content: cant handle the pressure of big money?? John J Lavorato@ENRON 12/10/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: minn +3 1/2 jack -16 1/2 tenn-cinnci under35 gb-det under 39 1/2 tb +2 1/2 new england +2 1/2 pitt +3 1/2 phil-clev under 33 1/2 seattle +10 jets +9 1/2 and over 40 1/2 tease as discussed.

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arnold-j/_sent_mail/110.

subject: Re: Last night content: Oh yea, I always get those two places confused. From: Margaret Allen@ENRON on 10/13/2000 04:26 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night I thought we agreed to Denny's tonight after Rick's?!

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arnold-j/_sent_mail/111.

subject: Re: mkts content: pira's certainly got the whole market wound up. I've seen a wave of producer selling for the first time in two months over the past two days. Most selling Cal 1 off the back of Pira. Pira certainly commands a lot of respect these days. Too much, probably. The problem with all these bull spreads (ie F-H) is the thought process in natty is that if Jan is strong, just think what happens when you get to March and run out of gas. The spread game is very different than playing crude. These spreads haven't moved for the past 1000 point runup. You know there were guys bullish this market trying to play it with spreads and haven't made a penny. Just to clarify, Pira said 3 bcf y on y for Z1? That seems hard to believe. [email protected] on 10/13/2000 09:42:43 AM To: [email protected] cc: Subject: mkts cmon give me some credit-you think ive been doing this this long w/out know who's doing what! im i ny for the pira conference-thyre pretty bearish cal 01 and 02-will be interesting to see if/when the producers start to take that to heart. here's one for you to think about... of pira's rite-ie production gonna be up 1-1.5 bcf by year end. does increased deliverabilty mean these winter sprds in producing areas-ie jan-apr and the fact the mkts gonna be more concerened about running out in march than in jan suggest big invererese will not be sustainable but will happen only on a weather event??? be curoius your thots-i maybe thinking too much but makes some sense to me-have a good weekend johnny. pira says decm 01 prod up 3 bcf y on y!

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arnold-j/_sent_mail/112.

subject: Re: Last night content: of course... just kidding. Aldo's next week. you're done. Open up your checkbook baby. From: Margaret Allen@ENRON on 10/13/2000 03:45 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night am i being ignored?

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subject: Re: content: Jerk From: Jeffrey A Shankman 10/13/2000 08:49 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Give me a C Give me an N Give me an R Give me an S What do you have? A Quarter!

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subject: Re: Last night content: Lady, c'mon...you're just one of the guys! Wanna go to Treasures tonight? From: Margaret Allen@ENRON on 10/13/2000 08:39 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Last night Hey Buster John, Despite the X's you received last night for your ill behavior, I wanted to thank you for dinner because I had a great time. Although, I do take personal offense to being flipped off at least 5 times in the course of dinner. Watch your manners when your with a lady! I hope you have a great Friday and today is one of your top 5 too! MSA

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subject: content: Gary: Just checking to see if the Trader's Roundtable includes us gas boys. I would certainly be interested in attending. John

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subject: RE: (no subject) content: Please call me at 713 557 3330

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subject: Re: content: Premonition? =20 =09 =09 =09From: Jennifer Fraser 10/04/2000 03:01 PM =09 To: John Arnold/HOU/ECT@ECT cc: =20 Subject:=20 British Trader Sentenced to Prison this could be you British Trader Sentenced to Prison=20 By Jill Lawless Associated Press Writer Tuesday, Oct. 3, 2000; 2:07 p.m. EDT LONDON =01)=01) A futures trader who bet the wrong way on= U.S. unemployment figures, and destroyed a company in 92=20 minutes, was sentenced Tuesday to more than three years in jail.=20 "The position got worse and he was just numb," a defense= =20 attorney said, comparing the debacle to a bad night at a roulette wheel.= =20 Stephen Humphries, 25, formerly a trader at Sussex Future= s=20 Ltd., sank the company with losses of $1.1 million.=20 "During that afternoon of Friday, Aug. 6, 1999, during a= =20 period of one hour, 32 minutes, the company's hard-earned reputation an= d=20 value was destroyed at a stroke ... by the fraudulent trading=20 activity of one man, Stephen Humphries," said prosecution lawyer Martin Hicks.= =20 Humphries pleaded guilty to one count of fraudulent=20 trading. Judge Denis Levy sentenced him to three years and nine months in=20 prison.=20 Southwark Crown Court heard testimony that Humphries ran = up=20 the losses by trading futures contracts in government bonds,= =20 and repeatedly lied to superiors about his trades.=20 When worried colleagues left to summon the firm's senior= =20 broker, Humphries fled the building.=20 After the huge one-day loss, the company's creditor banks= =20 balked and a financial regulator was called in. Sussex Futures =01) wh= ich=20 employed 70 brokers =01) ceased trading three months later with losse= s of=20 $3.4 million.=20 The court was told that Humphries' trading losses began o= n=20 the morning of Aug. 6, wiping out two-thirds of his $25,000 trading=20 deposit by lunchtime. The situation worsened at 1:30 p.m., when U.S. economic= =20 figures were released showing no increase in the unemployment rate. Th= e=20 data made U.S. interest rates more likely to rise and reduced the= =20 value of fixed-interest investments such as British government=20 bonds.=20 Nonetheless, Humphries continued to buy, in quantities th= at=20 exceeded his trading ceiling. Questioned by co-workers about the large= =20 trades going through his account, Humphries said he was in the process= =20 of selling out.=20 By the time he fled, he held more than 100 times his=20 trading limit in futures. "In the course of an afternoon ... you ruined not only yo= ur=20 own career, but the career of many others and you caused a prosperous=20 company, Sussex Futures Limited, to go into liquidation, causing loss to= =20 the company which trusted you and employed you," said the judge.=20 Defense lawyer Simon Ward said Humphries had been under= =20 intense financial pressure and was "deeply sorry."=20 He had lost a previous job when a trading company he work= ed=20 for went under =01) also at the hands of a rogue trader.=20 He had taken out large bank loans, amassed a substantial= =20 credit-card debt and had borrowed from his father's life savings. He and h= is=20 partner, with whom he had two children, had a third baby die, a blow th= at=20 affected Humphries' judgment, Ward said.=20 "This is a tragic and very upsetting case," said Ward. "H= e=20 was 24, under intense financial and personal pressure and, in effect,= =20 lost his head at the roulette table."=20 , Copyright 2000 The Associated Press=20 Back to the top=20

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subject: RE: (no subject) content: I am not who you think I am. I have never been in IDRC nor am I in the profession. Thx, John Jeannine Peaker <[email protected]> on 09/12/2000 02:09:32 PM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: (no subject) We are still showing you as an Active member of IDRC. Do you wish to resign from the membership? -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Tuesday, September 12, 2000 1:59 PM To: Jeannine Peaker Subject: (no subject) Remove me from your mailing list please.

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subject: Re: Re Larry May - REVISED content: Frank: Susan Scott, Larry's risk manager, will compile and send you a spreadsheet of total p&l minus new deal p&l since June 1. Can you review this data and compare it to the respective VAR numbers for these dates. I think you will see the VAR numbers way overestimate his p&l volatility. John Enron North America Corp. From: Frank Hayden @ ENRON 07/14/2000 05:17 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re Larry May - REVISED John, I apologize for the delay in responding, I was in class today. We are having difficulty backtesting Larry May's VaR. It looks as if during the month of June, the book administor loaded the spreadsheets into ERMS but assigned multiple master deal ID's. (the code is "NG-OPT-XL-PRC") For example Larry May is showing the following during the month of June: June 1st $797 million dollars loss June 2nd +192 million dollars made June 5th $300 million dollars made... (etc..) This problem makes it impossible to backtest.... Second, regarding a different approach, the immediate solution was the allocation of an additional $5 million dollars of VaR, thereby temporarily increasing your limit to $45 million. This limit increase is in effect until July 26th. The game plan is that during this time period, a better solution can be devised..... I hope this helps. Thanks, Frank John Arnold@ECT 07/14/2000 02:33 PM To: Frank Hayden/Corp/Enron@Enron cc: Subject: Frank: Just following up on two topics. One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact his P&L is never close to that. Can you check that his exotics book positions are being picked up in his VAR calcs. Second: Have you looked into applying a band-aid to the understating longer term Vol problem until we change formulas? John

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subject: Re: content: Yea, problem is I left at noon to catch my flight, but Marc had a later flight because NY is closer to Columbus than here. Right after I left, the market got very busy and Marc decided to stay at work and not go. So that sucked. Jennifer Burns 10/12/2000 04:09 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: I think I would be a little disappointed after traveling so far.......I guess it was nice to see your "buddies". John Arnold 10/12/2000 04:06 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: Re: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?

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subject: Re: SMUD deal Asian options content: sure To: John Arnold/HOU/ECT@ECT, Timothy M Norton/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, Dutch Quigley/HOU/ECT@ECT cc: Subject: Re: SMUD deal Asian options John, Thank you for your flexibility regarding the asian option we purchased from you (average Feb-Aug GD HH settle). Unfortunately, our customer would like to settle on 7 days, using the preceding day for any day for which Gas Daily is not published (i.e., Friday prices would be used for Saturday and Sunday) - so I know it's not your preference, but I need to take advantage of your offer. Regards, Gary x31511 John Arnold 10/08/2000 02:05 PM To: Gary Taylor/HOU/ECT@ECT cc: Subject: Re: SMUD deal Asian options I can do it either way but would much rather just make it the simple average of prices, 5 per week. From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511

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subject: Re: content: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?

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subject: content: how was the concert?

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subject: content: why does everybody in this company know my p&l?????

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subject: Re: Follow - Up content: Thx, I do not have high speed service yet. Ina Rangel 10/12/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Follow - Up John, I just wanted to update you on some of the things that you wanted me to do: 1. I have ordered your computer and accessories for home use. Once it comes in Jay Webb and Don Adams of IT and EOL will make sure that everything you need will be programmed on your computer. 2. I I have ordered your t.v for the office 3. I am working with telerate department on how you will be able to access it from your home. 4. Polycom is installed in your office 5. I am still investigating different cellular phone companies I will get back to when everything is completed. And one question, do you all ready have DSL or any king of internet service at home? Ina

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subject: Re: Popup Text content: sounds good David Forster@ENRON 10/12/2000 01:32 PM To: Savita Puthigai/NA/Enron@Enron, Andy Zipper/Corp/Enron@Enron, Kal Shah/HOU/ECT@ECT cc: John Arnold/HOU/ECT@ECT Subject: Popup Text I would like to put the following text into a popup box which will appear once to all users of EnronOnline. If you have any comments, please pass them back to me by this afternoon. Thanks, Dave Special Bulletin: Nymex Trading every Sunday on EnronOnline Starting Sunday, October 15 and continuing every Sunday until further notice, Nymex US Gas Swaps will be available for trading from 4:00 p.m. to 7:00 p.m. Central Time.

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subject: Re: BNP PARIBAS Commodity Futures Weekly AGA Survey content: 82 [email protected] on 10/11/2000 08:17:21 AM To: [email protected] cc: Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey Good Morning, Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY. Last Year +49 Last Week +78 Thanks, Michael Byrne BNP PARIBAS Commodity Futures ______________________________________________________________________________ _______________________________________________________ Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur. Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse. L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie. ------------------------------------------------------------------------------ ---- This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified. ______________________________________________________________________________ _______________________________________________________

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subject: Re: Var, Reporting and Resources Meeting content: I will not be able to attend Enron North America Corp. From: Airam Arteaga 10/11/2000 09:17 AM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/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, Kay Chapman/HOU/ECT@ECT Subject: Var, Reporting and Resources Meeting REMINDER - Please see below. ---------------------- Forwarded by Airam Arteaga/HOU/ECT on 10/11/2000 09:14 AM --------------------------- Enron North America Corp. From: Airam Arteaga 10/04/2000 02:23 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

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subject: content: Hey: I hope you know we were just kidding with you yesterday. We don't get many strangers on the floor so we have to harass them when we do. I think I am a couple of the "we are not" attributes in your book. Is that going to cause me any problems going forward? John

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subject: content: I've got your tix. Just two though. I left them in my car. Can you walk down with me around 11:45-12:00?

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subject: Re: Offers content: No 0-jun 1 indicative offer is 4.85 Sheetal Patel 10/10/2000 01:03 PM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Charles H Otto/HOU/ECT@ECT Subject: Offers John & Mike, Could you please fill out the attach spreadsheet COB today? There is one swap term and one collar term. It looks like we are getting close to a finance deal and are working with John Thompson in the finance group. The outline quotes would be a buy out of existing deals on Enron's books. Thanks, Sheetal x36740

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subject: Re: Substantiation for EOL content: how's 3:00? From: Margaret Allen@ENRON on 10/10/2000 12:08 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Substantiation for EOL Oh, I have a meeting with four people at 3:30. Can I come before or after that? If no other time works, I can probably change it. Just let me know, MSA

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subject: Re: Substantiation for EOL content: Absolutely. Come by around 3:30?? From: Margaret Allen@ENRON on 10/10/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Substantiation for EOL Hi, I was hoping that you could give me a few minutes after trading hours to help me substantiate the EOL commercial. ABC is threatening not to run it if I don't prove that "Enron has created the First Internet Global Commodities Market." I can easily prove we are the largest, but I'm having a hard time with first. I know we were, but I have to have it in writing. Give me a call or email me and let me know when you have a second or two. Thanks, Margaret

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subject: Re: Admin Issues content: how about 4:45? From: Jennifer Fraser 10/10/2000 10:52 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Admin Issues JA; Got any time say around 4 pm today .. I need 5 minutes to discuss some potential poaching on my part Thansk JF

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subject: Burning Fat content: ---------------------- Forwarded by John Arnold/HOU/ECT on 12/08/2000 03:48 PM --------------------------- From: Bill Berkeland @ ENRON 12/08/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Burning Fat ---------------------- Forwarded by Bill Berkeland/Corp/Enron on 12/08/2000 03:43 PM --------------------------- From: Jennifer Fraser @ ECT 12/07/2000 02:40 PM To: Sarah Mulholland/HOU/ECT@ECT, Stewart Peter/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT, Alex Mcleish/EU/Enron@Enron, Caroline Abramo/Corp/Enron@Enron, Mark Smith/Corp/Enron@Enron, Vikas Dwivedi/NA/Enron@Enron, Bill Berkeland/Corp/Enron@Enron cc: Subject: Burning Fat Vikas - What's the market in nat gas versus lard and heating oil versus olive oil ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 12/07/2000 02:39 PM --------------------------- "Joel K. Gamble" <[email protected]>@wwwww.aescon.com on 12/07/2000 12:33:40 PM Sent by: [email protected] To: [email protected] cc: Subject: Burning Fat Some of our food processing factories in the Midwest which have fuel switching capability find it profitable at these gas prices to burn rendered animal fat in lieu of natural gas. Apparently, the doesn't hurt the boiler machinery. One of the guys responsible for this move did a back of the envelope calculation and found that at $8.00 / Dth NG prices it was even profitable to buy olive oil in bulk as a heating fuel. They haven't used veggie oil yet but are considering it. Anyone else hear any stories of end users switching to unusual fuels? Regards

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subject: content: John: Please call Lavorato's secretary, Kim, and schedule a time to talk with John ASAP. Thanks, John

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subject: Re: Hmmmmm........ content: Yea, I'm picking up 2 tix today....hopefully. John Jennifer Burns 10/09/2000 10:38 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Hmmmmm........ J. Arnold- Hey - It's me! Any luck with the tickets????? Just curious if there any way I can get four tickets instead of two? I know I'm asking alot but I really appreciate it. You know how much I love the Counting Crows and last time they were in town someone was going to take me but the plans fell through..........Thanks!!!!!!! Jennifer

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subject: Re: content: I was long 4000 X @ 4902, then I switched it from X to F at the same price. I switched it at 5000, but it puts me into the F at a price basis of 4902. Sorry for the confusion. Enron North America Corp. From: Kevin M Presto 10/05/2000 10:12 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: My book indicates you have 4000F (Jan 01) at $5.00. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 09:41 AM --------------------------- Enron North America Corp. From: Jenny Latham 10/05/2000 09:23 AM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Re: He has 4000F (Jan01) in your book at 5000. Enron North America Corp. From: Kevin M Presto 10/05/2000 08:30 AM To: Stacey W White/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT cc: Subject: Please confirm Arnold's position by sending me an e-mail. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 08:13 AM --------------------------- John Arnold 10/04/2000 04:01 PM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John

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subject: Re: SMUD deal Asian options content: I can do it either way but would much rather just make it the simple average of prices, 5 per week. From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511

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subject: Re: Thank you for dinner last night content: Adam: Good question. The exchange, NYMEX, and I, Enron Online, offer a nearly identical product. The fight is over which execution model is superior. I would argue that technology will make open outcry exchanges extinct. It's happened in Europe already. The largest commodity exchange in Europe, the LIFFE, went with a parallel electronic system to open outcry. Within weeks, the floor was deserted and virtually all trading occurred electronically. I still trade on the exchange because we have credit issues with individuals and certain hedge funds that limit the trading we can do with them direct. The exchange still provides a credit intermediation function that is useful. It is certainly an issue that we are trying to address. John "Bayer, Adam Ryan" <[email protected]> on 10/03/2000 01:23:01 PM To: [email protected] cc: Subject: Thank you for dinner last night Dear Mr. Arnold, It was nice to meet you yesterday at the information session. Thank you for the dinner last night. I had a great time getting to know Enron and its people in a more relaxed setting. During out conversation yesterday, I was confused about a point you made. You stated that you spent most of your time on the phone with Traders in New York. When you talk to the traders, do you try to steer them towards Enron Online, or are you doing trading outside of Enron Online? I think the underlying question that I am asking, is: Is Enron Online meant to facilitate a gas trader's job, or is it meant to bypass traders completely. Thanks again for your time and for dinner. I look forward to talking with you again when you come to campus for interviews. Cordially, Adam ----------------------------------------------------------------- Bayer, Adam Ryan Vanderbilt University Email: [email protected]

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subject: Re: Demo content: yes Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 06:28 PM To: John Arnold/HOU/ECT@ECT@ENRON cc: Subject: Re: Demo 4pm? Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] John Arnold@ECT 10/05/00 06:05 PM To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS@ENRON cc: Subject: Re: Demo Oops, I hadn't gotten to this one yet. Can we do it any later? Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 04:52 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Let's plan on meeting between 3 and 3:30pm on Wednesday. I'll call you on Wednesday. Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 03:39 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Subject: Re: Demo Let me know when will be good for both you and John on next Wednesday afternoon. Right now only you and myself have been added into the NT group. After the demo, if both of you think it is a great tool, then I am going to add all traders into the NT group, so they can use it. Fangming Brian_Hoskins @enron.net To: [email protected] cc: [email protected] 10/05/2000 Subject: Re: Demo 03:18 PM Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] |--------+-----------------------> | | Fangming.Zhu@| | | enron.com | | | | | | 10/05/00 | | | 09:17 AM | | | | |--------+-----------------------> > ----------------------------------------------------------------------------| | | | To: Brian Hoskins/Enron Communications@Enron Communications | | cc: [email protected] | | Subject: Demo | > ----------------------------------------------------------------------------| Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming

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subject: Re: options information content: Dave: We spend a tremendous amount of resources and money collecting information. Further, the flow we see gives us an advantage in the market. We have little interest in distributing this info outside of the building. I hope you understand. Good luck to your brother. David Pruner@AZURIX 10/06/2000 09:03 AM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Subject: options information I run the structuring group at Azurix, but I am emailing you in reference to my brother-in-law, Scott Adams, who is based in New York City. Since graduating from Brown University he has traded options on the floor in New York as a local for the last 8 years. He trades natural gas options and is looking to occassionally do an information exchange with someone where he can discuss the OTC market versus what he sees going on in the ring. If this would be of interest or not let me know and I will hook you two up. Thanks for your time. Dave Pruner 713-646-8329

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subject: Re: Demo content: Oops, I hadn't gotten to this one yet. Can we do it any later? Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 04:52 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Let's plan on meeting between 3 and 3:30pm on Wednesday. I'll call you on Wednesday. Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 03:39 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Subject: Re: Demo Let me know when will be good for both you and John on next Wednesday afternoon. Right now only you and myself have been added into the NT group. After the demo, if both of you think it is a great tool, then I am going to add all traders into the NT group, so they can use it. Fangming Brian_Hoskins @enron.net To: [email protected] cc: [email protected] 10/05/2000 Subject: Re: Demo 03:18 PM Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] |--------+-----------------------> | | Fangming.Zhu@| | | enron.com | | | | | | 10/05/00 | | | 09:17 AM | | | | |--------+-----------------------> > ----------------------------------------------------------------------------| | | | To: Brian Hoskins/Enron Communications@Enron Communications | | cc: [email protected] | | Subject: Demo | > ----------------------------------------------------------------------------| Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming

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subject: Re: Demo content: Yea ... the later the better. Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 03:18 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 09:17 AM To: Brian Hoskins/Enron Communications@Enron Communications cc: [email protected] Subject: Demo Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming

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subject: Re: aug/sep content: Sorry for not responding. I don't look at my email constantly through the day. Don't have much to do in Q/U still it widens back out. Thanks, John [email protected] on 10/05/2000 01:05:27 PM To: [email protected] cc: Subject: aug/sep i think your selling the whole curve-if your interested im .005 bid for 300 aug/sep ngas. let me know if your interested. dont let silverman get you into too much trouble tonite

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subject: content: A funny story: Because Access was up 75 cents last night, Nymex made a trading limit of unchanged to +150. After 20 minutes of trading, we were at unchanged and the exchange stopped trading for an hour. Rappaport, the exchange president, was standing by to make sure everything was orderly. Obviously, the locals weren't too happy about the exchange closing. One yelled at Rappaport... "Why don't you take your million dollar bonus and go buy Enron stock"

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arnold-j/_sent_mail/140.

subject: RE: WEFA's Outlook for Natural Gas content: Something to take a look at ---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:17 PM --------------------------- From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <[email protected]> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt

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subject: RE: WEFA's Outlook for Natural Gas content: Thanks From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <[email protected]> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt

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subject: Re: requirement document content: Can you handle this. Please forward all names on the daily P&L sheet. I get a copy every day if you need. ---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:11 PM --------------------------- Brian Hoskins@ENRON COMMUNICATIONS 10/04/2000 11:55 AM To: Ina Rangel/HOU/ECT@ECT cc: Fangming Zhu/Corp/Enron@ENRON, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Ina, We're setting up a secure message board for all the traders on the floor. Can you please provide Fangming with our current list of gas traders? Thanks, Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] ----- Forwarded by Brian Hoskins/Enron Communications on 10/04/00 12:01 PM ----- Fangming Zhu@ENRON 10/03/00 11:14 AM To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS cc: Subject: Re: requirement document Brian, Please provide the list of user's NT loginID and their full name whoever will use this application. I am going to set up the security for them while I am buiding the application. Thanks, Fangming Brian Hoskins@ENRON COMMUNICATIONS 09/28/2000 02:31 PM To: Fangming Zhu/Corp/Enron@ENRON cc: Allen Elliott/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Fangming, Looks good. That's exactly what we're looking for. John, please comment if there are any additional features you'd like to add. Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] Fangming Zhu@ENRON 09/28/00 02:23 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Allen Elliott/HOU/ECT@ECT Subject: requirement document Hi, Brian: Please review attached requirement document and reply this message with any comments. Once you approve it, I am going to build the application. Thanks, Fangming

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arnold-j/_sent_mail/143.

subject: Re: Natural update content: Mark: We are still on for drinks on the 19th. You have called the market very well since you started sending me updates. Unfortunately for both of us, a couple of good calls does not a soothsayer make. Thus, keep sending me your updates so I can at least get a little broader judgment of your abilities. In terms of my trading style, I take positions to make $.25-$1, not $.05. Too much noise in this market to trade differently for me. "Mark Sagel" <[email protected]> on 10/04/2000 02:55:41 PM To: <[email protected]> cc: Subject: Re: Natural update John: I hope you know I was just fishing for a reaction on the phone before. I assumed we would discuss a potential relationship when I'm in Houston on the 19th. We're still on for drinks after work, right? By then, you should have a comfort level with the quality of my work. I think the analysis I've given you has been quite accurate as to market turns and price behavior. It would be helpful if I had some idea of how you trade/view the market. Are you mainly day-trading or do you hold positions for several days/weeks? That way I can structure my comments in order to best serve your interests. Let me know. Thanks, ----- Original Message ----- From: <[email protected]> To: <[email protected]> Sent: Wednesday, October 04, 2000 9:14 AM Subject: Re: Natural update Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <[email protected]> on 10/03/2000 02:29:47 PM To: "John Arnold" <[email protected]> cc: Subject: Natural update John: The price behavior of the past couple days has been disappointing. My short-term market patterns suggested a more robust price rally and natural appears to be waning at present. Volume on this rally is poor, particularly since yesterday was a decent day to the upside. The market appears to be using a lot of its energy but spinning its wheels. If we are at these same price levels in another two weeks, that would be extremely bullish. Right here, the risk/reward to being long is not so great. Recommend a neutral stance short-term on natural. Bigger picture is still very bullish. However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. Let me know if this stuff is useful for you. I certainly don't want to waste your time. In addition, if you prefer I call when I have something to pass along, let me know. I don't know how often you check/see your e-mail. Thanks, Mark Sagel

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subject: content: Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John

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subject: Re: TEST content: Received z <[email protected]> on 10/04/2000 08:48:55 AM Please respond to [email protected] To: [email protected] cc: Subject: TEST This is a test from Yahoo email. Please reply if received. Don Adam Team Lead, Trader Support __________________________________________________ Do You Yahoo!? Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free! http://photos.yahoo.com/

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subject: Re: ABN content: Credit lines are like bandwidth. Create the capacity and we'll find a way to use it. Sarah Wesner@ENRON 10/03/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: ABN John - Enron maxed out its facility with ABN on 9/18/00. I am going for an increase to $50 million. Do you see increasing your trade flow? I do not want to ask for interest free money if Enron will not use it. Sarah

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arnold-j/_sent_mail/147.

subject: Re: Natural update content: Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <[email protected]> on 10/03/2000 02:29:47 PM To: "John Arnold" <[email protected]> cc: Subject: Natural update John: ? The price behavior of the past couple days has been disappointing.? My short-term market patterns suggested a more robust price rally and natural appears to be waning at present.? Volume on this rally is poor, particularly since yesterday was a decent day to the upside.? The market appears to be using a lot of its energy but spinning its wheels.? If we are at these same price levels in another two weeks, that would be extremely bullish.? Right here, the risk/reward to being long is not so great.? Recommend a neutral stance short-term on natural.? Bigger picture is still very bullish.? However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. ? Let me know if this stuff is useful for you.? I certainly don't want to waste your time.? In addition, if you prefer I call when I have something to pass along, let me know.? I don't know how often you check/see your e-mail.? Thanks, ? Mark Sagel

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subject: content: http://ecthou-webcl1.nt.ect.enron.com/research/Weather/WeatherMain.htm

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subject: content: John: I have asked Mike and Larry to spend half an hour each talking to you about opportunities on the gas floor. Please advise if the following schedule is unacceptable. I will be leaving today at 2:15. Larry 4:00-4:30 Mike 4:30-5:00 Thanks, John

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subject: Re: microphone to houston content: i think it is something we need to do. please set it up Caroline Abramo@ENRON 11/14/2000 11:06 AM To: John Arnold/HOU/ECT@ECT cc: Per Sekse/NY/ECT@ECT Subject: microphone to houston John- What do you think of getting a direct mic from New York to Houston as soon as possible? We had one at my last employer from NY to London which worked great. You can tun it on or off but it allows us to communicate without getting on the darn phone - I am sure its a total annoyance to pick us up. The steno is still a phone to me and its not recorded. We could keep it between you and Mike. We are getting a few more funds to trade now- some program guys among them who will need quicker execution. I know you and Per have discussed the idea of them calling you direct but I think, for now, the mic is a better answer. I can sit down with you when I am down there to discuss and give you an update of who we are planning to trade with. Best Rgds, Caroline

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subject: small ventures usa content: Russell: I think I should give you a little background on small ventures. Bill Perkins and I have a strong personal and professional relationship. He is an extremely creative individual. Whalley actually commented on him today as someone "who thinks outside the box". Bill actually sat in a bar four years and said the next tradeable market would be bandwidth. He has been successful in the gas business when he has had someone to filter his ideas. As such he provides an informal consulting role to Enron. He throws out ideas and, every once in a while, he comes up with a great one. He pointed out an anomalous pricing occurence in the options market, a market I normally don't follow closely, that I translated into a multimillion dollar trade for Enron. In return, I have agreed to have Enron intermediate his trades within reason. I want to emphasize that continuing this relationship should be considered a high priority. I am willing to accept some of the credit risk exposure as a cost of doing business. Bill understands his role as an independent in the market and performs the right risk/reward trades for someone with finite capital. I place very high confidence in Bill not conducting high risk trades. Having said that, we certainly need to monitor his credit exposure and continue to require LC's. Just understand that he is at a different level of sophistication that any other non-investment grade counterparty. I understand there was some concern in regards to the Transco Z6 spread option he traded. He was absolutely right about the valuation and we, on the trading desk, knew it as well. There are a couple isolated products that Enron does not do a good job of valuing because of systems limtations. This was one product. Our spread options are booked in Excel using option pricing models created by the research group. The problem with these models is that they are strictly theoretical and don't take into account gas fundamental price limitations. For instance, it is less probable, though not impossible, for a transport spread from a production area to a market area to go within variable cost than the models predict. Thus it is necessary to apply a correlation skew curve on top of the overlying correlation used. Obviously, we have this function in our pricing models. I was not aware this methodology had not been transferred to the valuation models. This has since been changed. Fortunately these incidents tend to be extremely rare as very few non-investment grade companies trade these types of products. Finally, on Friday Bill wanted to do a trade that reduced his exposure to Enron. I gave Mike Maggi the go ahead to do the trade without consulting credit. I do not believe that I acted out of line in approving this trade considering the circumstances. If you believe differently, please advise. Thanks, John

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subject: Nigel Patterson content: Can you swap me with Fletch. Try to make all of my interviews as late as possible. Thx John ---------------------- Forwarded by John Arnold/HOU/ECT on 09/29/2000 04:55 PM --------------------------- Enron North America Corp. From: Kimberly Hillis 09/29/2000 09:52 AM To: John Arnold/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John J Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT cc: Ina Rangel/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Tamara Jae Black/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Jessica Ramirez/HOU/ECT@ECT Subject: Nigel Patterson Below please find a copy of the resume and the itinerary for Nigel Patterson. If you have any questions, please do not hesitate to call me or John Lavorato. Thanks for you help. Kim x30681 12:30 - 1:00 Rogers Herndon (EB3320) 1:00 - 1:30 Kevin Presto (EB3320) 1:30 - 2:00 Dana Davis (EB3320) 2:00 - 2:30 Dave Delainey (EB3314) 2:30 - 3:00 John Arnold (EB3320) 3:15 - 4:00 Greg Whalley (EB2801) 4:00 - 4:30 Fletch Sturm (EB3320)

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arnold-j/_sent_mail/152.

subject: content: Just an update: Today I set up a front month fixed price gas daily product priced at parity to NYMEX. I thought the response was tremendous. It really shows that we might have an angle to put out more of the curve and become the predominant benchmark for the industry rather than the exchange. One problem I had was linking 2 syncopated basis products. I set up a new product for the prompt that was Nov GD/D Henry Hub that was a syncopated basis of 0/0 to the Nov Nymex. However, since Dec Nymex is a syncopated basis to Nov Nymex, I could not set up a syncopated basis link around the Dec Nymex. Any ideas?

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subject: content: Jeff: Anything ever happen with Pedron? John

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subject: content: Boys: I'm sorry you were not able to attend last night. I do appreciate your efforts to make this book as successful as it has been. It's not quite the same as being in my company, but take your respective wives, or swap, I don't care, out this weekend on me. Try to keep it under $300 per couple. Keep up the good work, John

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