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arora-h/inbox/63.
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subject: FW: Highlights from this morning's ENE/DYN analyst conference call
content: -----Original Message-----
From: Pehlivanova, Biliana
Sent: Monday, November 12, 2001 10:54 AM
To: Rohmer, Gisselle; Beylin, Anya; Marolo, Massimo; Velez, Luis; Ramirez, Jose A; Guzman, Julio; Lombard-Benito, Giselle; Mills, Bruce; Kulic, Sladana-Anna; Cardenas, Catalina; Gupta, Gautam; Khandker, Dayem; Gandhi, Sachin
Subject: FW: Highlights from this morning's ENE/DYN analyst conference call
-----Original Message-----
From: Tucker, Patrick
Sent: Monday, November 12, 2001 10:25 AM
To: Pollan, Sylvia S.; Culotta, Lindsay; Murrell, Russell E; Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Mahmassani, Souad; Donohoe, Tom; Ruscitti, Kevin; Shively, Hunter S.; Lewis, Andrew H.; Giron, Darron C.; Frihart, Bryant; Tucker, Patrick; Roberts, Linda; Luce, Laura; Hogan, Irena D.; Vickers, Frank; Williams, Jason (Trading); Mims, Patrice L.; Simpson, James; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Bates, Kimberly; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim
Subject: Highlights from this morning's ENE/DYN analyst conference call
Listened in on the analyst call this morning. Here are my notes. Did not yet have a chance to organize them, so they're simply in chronological order.
The call began with Watson, Bergstrom, and Whalley reading from prepared statements. Watson spoke for c. 10 minutes, Bergstrom for 5, and Whalley spoke for perhaps 30 seconds. Dynegy management was noticeably in control of the call. Enron executives spoke when questions were directed to them.
Specific points:
EES will be a part of the new company.
Enron assets will be revalued at closing.
The investment in Northern Natural takes the form of convertible preferred. If the merger does not go through, Dynegy has the right to acquire Northern for 'very little' additional consideration. If DYN terminates the merger and ENE 'has sufficient liquidity', ENE has right to repurchase the convertible preferred.
Debt/equity of combined company expected to be <45%.
Both companies will remain on RatingsWatch negative.
ChevronTexaco will hold 169MM shares out of a total 650MM shares of the post-merger entity.
Watson reiterates that going forward, the new entity will be run with a focus on transparent and clear financial structure and disclosure, with a significant reduction in on- and off-balance-sheet leverage.
In what was termed a "new approach", the new entity will be run with a focus on cash flow rather than earnings.
Rumors that Dynegy did the deal because of an unhedged exposure to Enron are not true. Dynegy owed Enron <$50MM.
Lay says that Enron had other options, 'particularly financial'.
All of the discussion and activity has taken place over the last two weeks.
Lay acknowledges that the number for exposure to securities lawsuits may be 'pretty big', but that the companies feel they're able to appropriately value this exposure.
Lay says we have nothing else to hide, but internal investigation still under way.
Lay: had the SPEs been capitalized with perhaps $30MM more of risk capital, there would have been no question that they would have qualified for off-balance-sheet treatment and there would have been no need to restate earnings last week to reflect consolidation of the SPEs.
Dynegy says that 'several' internal investigations continue at Enron, and thus DYN/ENE cannot say with certainty that there's absolutely nothing else out there.
Doty (Dynegy CFO) says that late last week, ENE had 'close to a billion' in cash.
Osprey will be unwound late next summer. Marlin will be unwound after closing.
Many of the off-balance-sheet structures, including the credit-linked notes, are expected to be unwound/redeemed or at least significantly reduced prior to closing.
With regard to ENE asset dispositions, these will be accelerated to the extent possible. However, Doty says that 'our backs are not against the wall', and the company will continue to focus on getting value for its assets as well as cash.
ENE will renew its 364-day facility (believe this is the $3Bn facility that we drew down a couple of weeks ago) within the next 6-8 weeks.
BBB-flat most likely rating for combined entity, according to initial comments from ratings agencies.
McMahon says 'no comment' to WSJ article indicating that ENE's banks are preparing to make an equity infusion into ENE in the next few weeks.
Consolidation of trading activity: Mid- and back-office consolidation will see substantial progress prior to closing, such that only the front office / trading books will need to be combined at closing. EES, NNG and TW have no real overlap with existing DYN activity, so there won't be much integration work required there. The big integration effort will be ENA.
Watson says that the 'creative financing' surrounded non-core assets. Doty adds that, 'frankly', DYN assigned zero economic value to non-core businesses in their valuation model. They bracketed the maximum expected exposure from the non-core assets/businesses and left it at that.
Watson mentions that DYN would not have gotten involved with Enron had they not been approached by 'Enron's top three executives', who said that they thought a combination with Dynegy made the most strategic sense for both companies. Says that their approach evidenced a willingness to work with DYN to integrate the two companies that made a big difference in Dynegy's deliberations on proceeding with the merger.
Watson/Doty said that they're NOT 100% sure that no surprises remain in Enron's books--but that the risk/reward offered by the combination was compelling.
The deal does have material-adverse-change outs for Dynegy, covering any MAC regarding Enron's assets or businesses. Dynegy's lawyers indicated that the MAC language was a 'blunt instrument' under which it would be difficult to bring a case, so Dynegy inserted a specific paragraph that gives Dynegy the right to terminate the merger if the Enron's total legal liability (from any source or cause of action) tops $3.5Bn prior to closing.
McMahon adds that there 'could' be more restatements, but he 'does not expect' there to be more restatements.
ENE international hard assets definitely on the asset disposition list.
The merger structure calls for a new entity to take over Enron.
Enron is planning to hold an Enron-specific conference call in the next few days, tentatively scheduled for Wednesday.
Initial reaction of ratings agencies 'very positive' to combined entities.
McMahon acknowledges that Enron would have had to have an additional equity infusion prior to year-end, had the merger not materialized.
Dynegy's earnings guidance places Enron-related earnings accretion at $0.90-0.95, which represents a '25% haircut' to Enron internal estimates. Doty says that this is all operating earnings--figure does not include any amounts from expected synergies.
Doty says that both Enron and Dynegy's books, as far as he understands, are relatively short-term in weight, and this will continue to be the weighting of the new entity. Says a 'very very substantial' portion of future trading earnings will be expected to be cash.
ChevronTexaco's investment in Dynegy was calculated at a 5% discount to public prices on the date of negotiation (not disclosed). Given the runup in Dynegy stock last week, ChevronTexaco's investment is now at a 'more substantial' discount to market prices. ChevronTexaco has provision to get 'different prices at closing if those prices are substantially better'. (No further clarification given).
Whalley believes that 'we'll retain' the Enron traders and marketers. They're used to being part of a winning team, and the combined entity will definitely be a winner. They have talked with most of the Enron business leaders, and they are 'very excited' by the combination. They will be working with the Enron business leaders to ensure talent is retained. Whalley was asked if there will be any key employee retention provisions. He says that 'to the extent necessary, yes.'
Watson says that the trading strategy of the combined entity will be a combination of DYN and ENE--there will be more of an asset-backed trading focus, but by the same token the new Dynegy will be involved in much more financial market-making trading than the Dynegy of today.
Watson says that if there were to be any change in culture, he's a strong team player. He does not want to see an individual do well if the company or division does not do well.
Patrick Tucker
| ||
arora-h/inbox/64.
|
subject: Stocks in the 3 Major OECD Regions
content: PIRA has published its latest estimates for stocks in the 3 Major OECD
Regions with data thru October 2001. We have also published a Current
News and Analysis article entitled "REPORTED OCTOBER DOE U.S. GASOLINE
DEMAND PROBABLY REFLECTS SECONDARY/TERTIARY INVENTORY REFILL". Please go
to http://www.pira.com
And log in to PIRA Online. If you do not have a user id and password
please
contact Dyana Rothman [email protected] to get connected.
Best Regards
The PIRA Energy Group
| ||
arora-h/inbox/65.
|
subject: Chemist Request in Delhi
content: Hi Harry,
The Chemist in Delhi (Kuber Chemist ) has requested for the phone number for New Jersey address. I presume that is required by the courier service in India. He also mentions that the medicines will take about a week to arrive from the date of departure.
Regards,
Sumant
| ||
arora-h/inbox/66.
|
subject: Work smart. Be smart. Have fun.
content: Dear FT.com user
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To unsubscribe from this FT.com correspondence, please
reply to this message with the single word 'unsubscribe'
in the subject line. Your name will then be removed
from our mailing list.
| ||
arora-h/inbox/67.
|
subject: SAVINGS PLAN TRANSITION PERIOD ENDS For All Employees who
content: The Savings Plan Transition Period Ends Early!
We have been working closely with Hewitt Associates to get you access to your Savings Plan account before November 20 and are pleased to announce that the internet site went live as of 8:00 AM yesterday morning, November 13.
Log on to benefits.enron.com and check out the new website - you will enjoy the new features.
Once again, we have appreciated your patience during the transition period.
EnronBenefits . . . keeping pace with your lifestyle.
|
All Enron Employees United States Group@ENRON <??SAll Enron Employees United States Group@ENRON>
|
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arora-h/inbox/68.
|
subject: Overview of Investor Conference Call
content: Today, Enron hosted a conference call to give investors a current overview =
of the company. Here's an update of what we discussed during the call.
We told investors that we're doing everything we can to protect their inter=
ests and to regain their confidence. Our focus remains on our credit qualit=
y, balance sheet and liquidity, which are essential for our continued succe=
ss and expansion of our wholesale businesses.
It took more than a few weeks to get where we are today. Here's a snapshot =
of significant events that led to our current situation:
-- In hindsight, we definitely made some very bad investments in our non-co=
re businesses over the past several years. Those include investments in Azu=
rix, India and Brazil. They have performed far worse that we could have eve=
r imagined when we made these investments;
-- Because of these bad investments, we've become over-leveraged as a compa=
ny. The negative impact of those investments was exacerbated through the ex=
tensive use of debt capital both on and off our balance sheet;
-- We also entered into related party transactions that led to a loss of in=
vestor confidence, which has been very damaging;
-- We've been criticized for our lack of transparency and our hard-to-under=
stand financial and operating disclosures; and
-- On top of it all, we discovered errors in our financial statements, as d=
iscussed in our 8-K filing last week, that required a restatement of previo=
usly reported earnings.
We've taken a new look at our businesses and have separated them into three=
areas: core businesses, non-core businesses, and businesses under review.
Core Businesses
Our core businesses remain strong and consistent sources of significant ear=
nings and cash flows for the company. They're our competitive advantage. Th=
ese include:
-- Natural gas pipeline businesses;
-- Gas and power businesses in North America and Europe;
-- Retail businesses in North America and Europe; and
-- Coal businesses in North America and Europe.
The events of the past few weeks have had a temporary negative impact on ou=
r projected fourth quarter profitability. It's too early to tell at this ti=
me what impact this might have on our operating results. We are considering=
these actions now so that we can quickly return to normal business in 2002=
.
I also remain optimistic that the actions we've taken over the past couple =
of weeks have addressed our customer and counterparty credit and liquidity =
concerns. According to our business unit leaders, we have definitely seen i=
mprovement in our counterparty relationships.
Non-Core Businesses
Our non-core businesses include our global assets group and our broadband d=
ivision. We have invested more than $8 billion in these businesses, and the=
return from them has been dismal.
We have an aggressive program in place to exit these businesses and expect =
that the sale of these businesses will generate billions of dollars in cash=
that we can use to repay debt and reinvest in our core businesses. We alre=
ady have more than $800 million in assets contracted for sale this year. Th=
ey include CEG Rio, a gas LDC in Brazil; EcoElectrica, a power plant and LN=
G receiving terminal in Puerto Rico; and asset sales of offshore oil and ga=
s properties in India. The approximately $2.9 billion Portland General sale=
is also on target to close in late 2002 pending regulatory approvals.
Businesses Under Review
These businesses are comprised of those operations outside our power and ga=
s wholesale businesses and include global and industrial markets. While sev=
eral of these businesses have very strong future prospects, we need to dete=
rmine if their capital requirements and near-term growth prospects are suff=
icient enough in terms of earnings and cash generation.
Reviewing our businesses this way will help determine where we need to make=
reductions to our work force. More information will follow as soon as it b=
ecomes available.
Credit Rating/10-Q Filing
We continue to meet regularly with credit rating agencies and believe that =
our liquidity enhancements and scheduled asset sales will strengthen our ba=
lance sheet and maintain our investment grade credit rating. Our current cr=
edit ratings by the three major rating agencies are as follows:
-- Moody's at Baa3 "Under Review for Further Downgrade"
-- Fitch at BBB- "Evolving Status"
-- S&P at BBB- "CreditWatch Negative"
We also discussed our existing financial vehicles, including Osprey, Marlin=
and Yosemite, in further detail. We told investors that we will file our 1=
0-Q five days late due to our current activities. It will be filed on Nov. =
19.
We will continue to have updates with investors over the coming weeks as we=
ll as our frequent updates with you. The full transcript of our conference =
call will be filed with the Securities and Exchange Commission in the next =
few days. It will also be posted on our web site at www.enron.com/corp/inve=
stors under "SEC Filings."
=20
=20
In connection with the proposed transactions, Dynegy and Enron will file a =
joint proxy statement/prospectus with the Securities and Exchange Commissio=
n. Investors and security holders are urged to carefully read the joint pro=
xy statement/prospectus regarding the proposed transactions when it becomes=
available, because it will contain important information. Investors and se=
curity holders may obtain a free copy of the joint proxy statement/prospect=
us (when it is available) and other documents containing information about =
Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Cop=
ies of the joint proxy statement/prospectus and the SEC filings that will b=
e incorporated by reference in the joint proxy statement/prospectus may als=
o be obtained for free by directing a request to either: Investor Relations=
, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) =
507-6466, Fax: (713) 767-6652; or Investor Relations, Enron Corp., Enron Bu=
ilding, 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (=
713) 646-3302.
In addition, the identity of the persons who, under SEC rules, may be consi=
dered "participants in the solicitation" of Dynegy and Enron shareholders i=
n connection with the proposed transactions, and any description of their d=
irect or indirect interests, by security holdings or otherwise, are availab=
le in an SEC filing under Schedule 14A made by each of Dynegy and Enron.
| ||
arora-h/inbox/69.
|
subject: Swaption Vols
content: We are ready to start using Swaption Volatility Curves in our calcs
I have identified the following regions and terms that need swaption volatilities posted and the values I have currently entered into curve manager. These values were based on the latest deals or my best guess, as not all the volatilities are consistent across similar deals:
Cinergy, Cal '02, .25
Entergy, Cal '02, .27
Ercot South, Cal '02, .25
Nepool, Cal '02, .3
Nepool, Cal '02, .24
West Hub, Cal '02, .24
West Hub, Cal '03, .28
NY East (zone G), Cal'02-'03, .16 (position in LT-NEMGMT book)
Options Desk: for today only, besides final posting swaption vols for today 11/15 please also final post yesterday 11/14.
Please call if you have any questions.
Michael Mattox
x34317
|
e-mail <[email protected]>, e-mail <[email protected]>,
|
|
arora-h/inbox/7.
|
subject: December 28, 2001 - Playing defense
content: In today's edition of the Daily Update, Ben Macklin, senior analyst
with eMarketer, pulls together data on broadband and gives his view
of the lay of the virtual land.
Also today, we feature the most popular reports downloaded by our
readers during the past week.
You can also see the most popular tickers and sectors downloaded
by your peers by clicking here:
http://www.multexinvestor.com/cs_hot.asp?target=/stocks/companyinformation/analystresearch/whatshot&nd=1228
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Broadband providers hit the canvas
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It has been a tough year for broadband access providers in the US.
On the digital subscriber line (DSL) front, wholesalers Rhythms
Net Connections (RTHMQ), North Point and Covad
(COVD.OB) hit the canvas. Covad is in the process of getting
back on its feet, but its future remains uncertain. On the cable side,
Excite@Home recently filed for bankruptcy, and numerous
broadband wireless providers including Winstar and Metricom
have also dissolved. But what lies ahead for those that survive?
While DSL technology has fumbled the ball early in the game and
is now unlikely to ever live up to its promise, cable and satellite
providers still have a chance to run for daylight. But for the time
being, dial-up remains the clear market leader.
Indeed, eMarketer predicts continuing growth in the dial-up sector,
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more widespread. Dial-up will taper off in the following years, but
it will still be the most common means of Internet access in the
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(not counting Road Runner) as of September 2001, will continue to
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subscribers), United Online (6.1 million subscribers) and
Earthlink (ELNK) (4.9 million subscribers) will battle it out for
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Adams, Harkness & Hill provides a communications technology
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In the report, discussion of the failure of the 1996 Telecom Act,
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Noted independent research firm Motley Fool provides its monthly
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TMF discusses the investing mantra "invest in what you know,"
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Prudential analyzes November site traffic for major Internet portal
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Analyst Mark Rowan discusses unique visitors and potential
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Market Edge's Tom Ventresca explains how to profit from "head
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arora-h/inbox/70.
|
subject: "Alan Greenspan's outfit is troubled by a research report dated
content: To all G7 clients,
We are pleased to see that SOMEONE is reading our survey...hope you are too.
Best regards,
Jane Hartley
CEO
G7 Group, Inc.
CONSUMERS TOO AFRAID TO SPEND
By JOHN CRUDELE
----------------------------------------------------------------------------
------
November 13, 2001 -- CONSUMERS are talking tough and optimistic, but acting
weak and glum.
That's the big problem in the American economy right now. And things like
yesterday's plane crash - whether caused by terrorism or not - are likely to
aggravate that situation.
The dual personality being exhibited by Americans is bothering the Federal
Reserve, whose interest-rate cuts won't be nearly as effective if consumers
are too scared to borrow money. I spoke with a source of mine who is
familiar with the Fed's thinking and he tells me that monetary authorities
are concerned, as well as perplexed, by consumers' unwillingness to part
with a dollar even as they are feigning confidence.
In particular, Alan Greenspan's outfit is troubled by a research report
dated Oct. 18 that was conducted by an independent Washington outfit called
G7 Group. The group had the Princeton Survey Research Associates interview
1,045 adults between Oct. 8 and 10.
This poll was given to me by someone close to the Fed.
The survey found that post-Sept. 11, Americans were putting on a good front.
For instance, 66 percent of the people polled said that now is a "good time"
to purchase a car or a house, but 63 percent said they "did not feel like"
making a major purchase.
Only 41 percent of the respondents felt like shopping for clothes and 75
percent felt comfortable buying only necessities like groceries.
Consumer confidence has been dropping since before the Sept. 11 terrorist
attacks. But the current level of confidence could be greatly overstated
because it measures what people are saying and not what they are doing.
And the Princeton Survey shows that consumers are talking a good game but
buckling when it comes to taking an economic turn at the plate.
Not surprisingly, job security is the chief concern, although Americans
refuse to admit it. Even though the U.S. lost 415,000 jobs last month and
our unemployment rate jumped sharply to 5.4 percent, more than 70 percent of
those surveyed said they felt the same or more optimistic than they did a
few months ago.
The Fed cut interest rates for the tenth time last week. Another rate cut is
expected in December. The Fed made an even bolder move two weeks ago when it
announced that it was going to stop selling 30-year government bonds.
The result was that interest rates on long bonds came down sharply, putting
them more in proportion with recent rate reductions. As I've said in
previous columns, the long bond has been a nuisance for the Central Bank
because it hasn't declined as much as expected. This has caused things like
mortgage rates to remain higher than they could have been.
The G7/Princeton survey explains to the Fed why its interest rate strategy
hasn't been working. But it doesn't necessarily explain why - as the
surveyors concluded - "the Sept. 11 attacks opened a chasm between what
Americans are thinking rationally about the economy and what Americans are
feeling as they now confront economic decisions."
What will yesterday's incident do to confidence?
That's anyone's guess. But unless the government quickly explains what
happened to the public - and that's unlikely in a crash investigation like
this - then Americans are likely to keep up their tough facade while being
weak in the knees.
Over the last decade America's mood has depended a lot on how Wall Street
was feeling. The stock market dipped sharply right after yesterday's plane
crash, but snapped back.
The Federal Reserve figures, I'm told, that if interest rates stay down and
the stock market remains stable, then Americans will eventually regain their
confidence.
Let's hope so. But if you are investing in a stock market that is this
overpriced, you should understand that the risks are great. And they are
getting greater.
-John Crudele, NY Post, November 13,2001
| ||
arora-h/inbox/72.
|
subject: Shop Now, Ship for Free--the Holidays Are Here
content: Dear Amazon.com Customer,
Come experience the holidays at Amazon.com. We've thought of
everything to make your gift giving easier--plus, for a limited
time, we're offering free shipping on orders over $99.
http://www.amazon.com
Whether you're shopping for books and CDs, electronics and DVDs, or
housewares and toys, you'll find a huge selection, great deals, and
convenient gift services, too:
- Wrap & Ship--Let us do the work (you can take the credit).
- Wish List--Make shopping easier for your loved ones.
- Gift Certificates--Easy, fast, and always appreciated.
We hope you'll stop by today and start your holiday shopping now to
take advantage of free shipping. Discover how easy it can be to
find, buy, give... and relax.
http://www.amazon.com
Sincerely,
Amazon.com Holiday Team
We hope you enjoyed receiving this message. However, if you'd rather
not receive future e-mails of this sort from Amazon.com, please
visit the Help page named Updating Subscriptions and Communication
Preferences through the link below, then click the Customer
Communication Preferences link.
http://www.amazon.com/unsubscribe
Please note that this message was sent to the following e-mail
address:
[email protected]
| ||
arora-h/inbox/73.
|
subject: Enron Center South Technology Watch
content: Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks.
Occupancy Guidebook To Enron Center South
You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures.
NEC Monitors
The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover. Additionally, an integrated speaker has been installed on one monitor for each desk.
Turret Users
An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication".
Increased Information Access
There are many NEC 50" Plasma screens installed on the 5th and 6th floors. While many of these will be displaying information designed for the specific unit, others will be displaying various television channels. The audio to these television channels can be accessed via any of your telephony equipment. Here's how:
Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret. The channels have been defined on Page 15 of your Turret. To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below:
Channel Avaya Stentophon
Weather Channel 12401 801
CNN Headlines News 12402 802
CNN Financial News 12403 803
CNBC 12404 804
MSNBC 12405 805
Bloomberg 12406 806
Financial News Network 12407 807
CNN 12408 808
Fox Sports 12409 809
ESPN1 12410 810
Wireless Telephony
You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all. We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move.
Wireless LAN
The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers.
Amtel Replacement
As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. The Global Messaging Team is testing additional software products to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, and printing. Updates will be provided as they become available.
Keeping an Open forum
We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to mailto:[email protected]
| ||
arora-h/inbox/74.
|
subject: RE: Lecture Notes for Options Session today
content: Hi Dave,
The slides for today's options session may be found on the following drive:
m:power2\options\power options course notes\Introduction to Power Options Lecture Notes (11-19-01).ppt
Will you please forward this information to the attendees.
As per your request, I made it fairly introductory - since you stated that the participants may be on different levels wrt to their options knowledge.
However, they stated that they would like the next section to be more advanced - for example to jump right into the crack spread module that I gave to you guys a few weeks ago, along with a few cases studies discussions from originators, generation investments, etc.
Thanks,
Iris
| ||
arora-h/inbox/75.
|
subject:
content: Harry,
We are currently trying to stress some options that are Enpower to determine sensitivity to changes in price, vols or time. Can I grab you a few moments to discuss.
Frank
| ||
arora-h/inbox/76.
|
subject: Next Options Session & Notes
content: The next options session will be held on Monday, Dec. 3 1:00-2:00 in ECS 05990.
The topic will be "Options Session 2: Spread Options", covering crack, heat and spark spreads and will include case studies.
Dave
| ||
arora-h/inbox/77.
|
subject: follow up on important issue
content: Harry, we are working on a data project and I have a question for you. Could you give me a call when you get back from Vacation?-Regards! Kim
| ||
arora-h/inbox/78.
|
subject: Yahoo! Email Verification
content: TO VERIFY "[email protected]" as a valid email
address for the Yahoo! account "harrysarora",
click on the following link or enter it in your browser.
http://verify.yahoo.com/v/recv?109e3
You may be asked to sign in first.
Follow the instructions on our site. If it asks for your
Verification Code, enter: 109e3
You will receive one email per unverified address.
Regards,
Yahoo! Member Services
-------------------------------------------------------------
IF "harrysarora" IS NOT YOUR ACCOUNT, click on the following
link or enter it into your browser.
http://verify.yahoo.com/v/remove?.k=109e3&.lid=usLx8wKAEXx5qDgYfA--
This will remove "[email protected]" from
the Yahoo! account "harrysarora".
Sorry for the inconvenience.
| ||
arora-h/inbox/79.
|
subject: Update to Merger Q&A
content: We've updated the Merger Q&A document on our Enron Updates site ( <http://home.enron.com/updates/mergerQA.html>), as a result of the many questions you've had concerning the merger between Enron and Dynegy. Questions addressed include those about Enron stock options, benefits and immigration status. Please stay tuned for additional updates.
| ||
arora-h/inbox/8.
|
subject: Metro Bus Passes and Woodlands Express Passes Available Effective
content: Enron employees not participating in contract parking are eligible to receive Metro Bus Passes or Woodlands Express Passes. You may pick up a bus pass from the Parking & Transportation Desk, on Level 3 of the Enron Building, from 8:30 AM to 4:30 PM.
All Metro passes offered through the Enron Parking & Transportation desk will be the Metro 30 Day Zone Pass. When you use a 30-day zone pass, bus service is divided into four zones w/ unlimited rides. The zone pass is time activated, which means that it will not become active until the first time it is used and will not expire until 30 days after it was used for the first time. New passes will be available to Enron employees upon expiration of the 30 day time period. Each zone does have a different fare values based on the distance the bus travels. This is important to any buser who wants to transfer to or travel in a higher-cost zone than the zone pass they have, in this case the difference must be paid in cash. If they are traveling in a lower cost zone, then there is no extra cost.
Parking & Transportation Desk
3-7060
| ||
arora-h/inbox/80.
|
subject: FW: Power Fin Swaption description
content: Harry,
Welcome back. Here is were we stand with the options on financial swaps. We should be getting more information later this week.
Jaime
-----Original Message-----
From: Meredith, Kevin
Sent: Wednesday, November 21, 2001 7:21 AM
To: Gualy, Jaime
Subject: FW: Power Fin Swaption description
Jaime,
Here is where we stand. While they look at the language, I will be getting a little ahead by building all the elements in our TEST database for the purpose of testing. For your knowledge, the pieces that take the longest are legal review and testing. However, on this particular product/product type, we will be building everything from scratch. We are not typically faced with this requirement, but we will get it done as quickly as possible. Let me know if you have questions.
Kevin
-----Original Message-----
From: Hansen, Leslie
Sent: Tuesday, November 20, 2001 8:58 PM
To: Meredith, Kevin
Subject: RE: Power Fin Swaption description
Kevin:
I wanted to be sure to touch base with you before the holidays. I forwarded the Swaption to Brent Hendry last week. The power components of the product is already done -- the floating price language -- so the only piece requiring review is strictly financial. I will review as well but need Brent's comments.
Leslie
-----Original Message-----
From: Meredith, Kevin
Sent: Thu 11/15/2001 11:32 AM
To: Hansen, Leslie
Cc: Gualy, Jaime; Walker, Chris; Hoang, Charlie
Subject: Power Fin Swaption description
Leslie,
Please review the attached document containing the long description for power swaptions, and make any changes you feel necessary.
<<Power swaption.doc>>
Kevin Meredith
EnronOnline
(713) 853-9555
| ||
arora-h/inbox/81.
|
subject: RE:
content: Thanks a heap. Will be waiting with baited breath. Hope you had a nice vacation!
-----Original Message-----
From: Arora, Harry
Sent: Thursday, November 22, 2001 8:22 PM
To: Blair, Greg
Subject: RE:
Hi Greg
I was out on vaca for last week. Am back Monday. Will be happy to put numbers on all this stuff.
Harry
-----Original Message-----
From: Blair, Greg
Sent: Mon 11/19/2001 3:20 PM
To: Arora, Harry
Cc:
Subject:
Harry:
Are you still alive?
| ||
arora-h/inbox/82.
|
subject: fyi: TYZ/TYH ROLL SHOULD NARROW/Roll longs now
content: Subject: TYZ/TYH ROLL SHOULD NARROW/Roll longs now
Date sent: Mon, 26 Nov 2001 15:24:12 +0000
Recommendation:
Roll long TYZs now at 39/32 or roll short TYZ
later in week 2 to 3/32 lower.
Rationale:
The TYZ/TYH roll will be impacted by a number of
factors. Most important, we believe, will be changes
in the contract's cheapest-to-deliver caused by market
movements. Changes in CTD will change the amount
of net positive carry that is the primary determinant of
the TYZ/TYH roll's value.
For example, The TYZ/TYH roll priced using the 6.5%
2/10 has 35.75/32 of net carry, while the roll priced with
the 4.7% 11/08 has only 28.5/32 of net carry.
|------------+--------+--------+--------|
|TYZ/TYH |TYZ est.|Net |Est. |
|Cheapest- |CTD |positive|TYH/TYZ |
|to-Deliver |switch |carry |roll |
| |price |(32) |(32) |
|------------+--------+--------+--------|
|4.7 11/08 | 111-00| 23.50| 33.0|
|------------+--------+--------+--------|
|5.5 5/09 | 109-00| 28.50| 36.0|
|------------+--------+--------+--------|
|6.0 8/09 | 106-16| 32.25| 37.5|
|------------+--------+--------+--------|
|6.5 2/10 | current| 35.75| 39.0|
|------------+--------+--------+--------|
|5.7 8/10 | 103-16| 30.50| 37.5|
|------------+--------+--------+--------|
Assumes term repo for TYZ at 1.9% and 1.8% for TYH.
Switch prices are estimates and can vary greatly due
to changes in CTD yield spreads.
TYZ/TYH Option Value
In addition to changes in net carry, the spread will also be
impacted by changes in the contracts' net option value.
Implied volatility on TYH options rose 150 basis points
during the previous week. The net option value, (TYZ option
value-TYH option value) is6.5/32. A 100 bps change
in TYH options' implied volatility should impact TYZ/TYH
roll by roughly 1.2/32
TYZ/TYH 60-day Spread History
Current 39/32
Average 33/32
High 39/32
Low 33+/32
Good Luck and Take Care
=======================================
Jon and Warren at the CBOT
312-987-5970 or 800-547-3587, 312-347-5061 =======================================
This report has been prepared for informational purposes only. It does not constitute an offer, recommendation or solicitation to buy or sell any securities. It is based on information generally available to the public from sources believed to be reliable. No representation is made that the information is accurate or complete or that any returns indicated will be achieved. Past performance is not indicative of future results. Price and availability are subject to change without notice. Additional information is available upon request. =======================================
| ||
arora-h/inbox/83.
|
subject: ConEd - Lakewood Peaker
content: Harry:
Got the bid documents for ConEd's offering of peaking capacity for PJM East (Lakewood, New Jersey). Can't imagine they would entertain an Enron bid right now without confiscatory credit pricing. Do you want to bid anyway? Let me know.
| ||
arora-h/inbox/84.
|
subject: Compelling small cap investment opportunity
content: *****************************************************************
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contact you with special opportunities provided by our partners.
To unsubscribe to this or any other exclusive offers, please see
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please REPLY to THIS email message with the word UNSUBSCRIBE in
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| ||
arora-h/inbox/85.
|
subject: Gas Indices
content: <HTML>
<TITLE>Gas Indices - IntercontentalExchange</TITLE>
<BODY>
<P>
<P ALIGN=CENTER>
<FONT SIZE=+1>
<B>
IntercontinentalExchange
</B><BR>
</FONT>
Firm Physical Natural Gas Price Bulletin
<BR>
<BR><B>
For Natural Gas Delivered on Tuesday, November 27, 2001
</B>
<BR>
<FONT SIZE=-1>
<I>
(Trade Date of Monday, November 26, 2001)
</I>
</FONT>
<BR><BR>
Click here to access <A HREF="http://www.intcx.com/SubscriberServlet/subscriberservlet.class?operation=gasIndexForm&hub=All">index history</A>.
<BR>
<BR>
<FONT SIZE=-1>
<I>
* volume represents sell-side only *
</I>
</FONT>
</P>
<TABLE ALIGN="CENTER" WIDTH="100%" cellspacing="8">
<TR>
<TH align=left valign=bottom width="15%"> <FONT size=-1><U><I>Region</I></U><BR> <U>Hub</U></FONT></TH><TH align=right valign=bottom width="6%"><FONT size=-1><U>High</U></FONT></TH>
<TH align=right valign=bottom width="6%"><FONT size=-1><U>Low</U></FONT></TH>
<TH align=right valign=bottom width="8%"><FONT size=-1><U>Wtd Avg Index</U></FONT></TH>
<TH align=right valign=bottom width="8%"><FONT size=-1><U>Change ($)</U></FONT></TH>
<TH align=right valign=bottom width="9%"><FONT size=-1><U>Vol (mmBtu)</U></FONT></TH>
<TH align=left valign=bottom width="42%"><FONT size=-1><U>Hub Name</U></FONT></TH></TR>
</TR>
<TR><TD ALIGN="LEFT"><FONT size=-1><B><I><BR>LOUISIANA<BR></I></B></FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>ANR SE</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.9200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7880</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .0765</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 220,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>American Natural Resources Pipeline Co. - SE Transmission Pool</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Columbia Onshore</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8500</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.6700</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7328</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .0989</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 311,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Columbia Gulf Transmission Co. - Onshore Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Henry Hub</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.9900</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.8169</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .0946</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 1,029,600</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Henry Hub tailgate - Louisiana </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>NGPL LA</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.9300</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7250</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7974</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .0054</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 251,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Natural Gas Pipeline Co. of America, Louisiana Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Tenn 500L</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7900</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.5700</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.6212</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .1506</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 145,500</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Tenn 800L</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.5600</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.6387</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .1740</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 242,000</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>TETCO ELA</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7500</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.5400</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.6387</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .2475</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 179,800</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Texas Eastern - East LA </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>TETCO WLA</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.5550</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.5922</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .1966</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 193,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Texas Eastern - West LA </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Transco 65</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7901</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .1489</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 307,800</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Transco - Station 65 </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Trunkline ELA</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.6000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7018</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .1073</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 95,400</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Trunkline Gas Company - East Louisiana Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>TxGas SL</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8300</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.6200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7482</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .1489</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 239,300</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Texas Gas Transmission Corp.-Zone SL FT Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1><B><I><BR>MIDCONTINENT<BR></I></B></FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>MichCon, citygate</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1750</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.9700</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.0246</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .0829</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 230,400</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Michigan Consolidated </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>NGPL Midcont</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.0000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.6000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7958</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .0926</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 149,700</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Natural Gas Pipeline Co. of America, Mid-Continent Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>NGPL Nicor, citygate</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.9184</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .0368</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 723,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Natural Gas Pipeline Co. of America, Nicor Citygate</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>NGPL NIPSCO, citygate</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1500</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.9807</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .1037</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 130,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Natural Gas Pipeline Co. of America, Nipsco Citygate</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>NNG Demarcation</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.3000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.9900</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.0768</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .3292</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 226,800</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Northern Natural Gas, Demarcation Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1><B><I><BR>NORTHEAST<BR></I></B></FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Columbia TCO</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.6900</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7377</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .2106</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 404,500</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Columbia Gas Co. - TCO Pool </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Dominion So.Point</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.6400</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.7539</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .3828</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 225,700</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Dominion - South Point </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>TETCO M3</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8100</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.9092</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .2559</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 155,400</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Texas Eastern - M3 Zone </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Transco Z-6 (NY)</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1500</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.0100</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.0679</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B> .2582</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 130,700</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1><B><I><BR>WEST<BR></I></B></FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>El Paso non-Bondad</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1750</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.5900</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.9711</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .5273</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 159,700</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>El Paso - San Juan Basin, Blanco Pool</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> Huntingdon/Sumas</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.2400</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.1966</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .5209</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 120,400</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Westcoast Energy & Northwest Pipeline Corp.</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Opal</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.2000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8000</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.8893</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .4327</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 152,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Opal</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>PG&E Citygate</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.4800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.7900</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.2783</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .5771</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 293,000</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>PG&E - Citygate </FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> SoCal Border</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.4100</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8500</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.1203</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .5317</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 203,000</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Southern California Border Points (Ehrenberg,Topock,Needles)</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1><B><I><BR>WEST TEXAS<BR></I></B></FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>El Paso - Keystone</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.2200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.5200</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $1.9687</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .3724</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 477,900</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>El Paso - Keystone Pool</FONT></TD></TR>
<TR><TD ALIGN="LEFT"><FONT size=-1> <NOBR>Waha</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $2.1500</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> $1.8800</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B> $2.0206</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B> .3608</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1> 254,200</FONT></TD><TD ALIGN="LEFT"><FONT size=-1>Waha Hub - West Texas </FONT></TD></TR>
</TABLE>
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Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
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subject: Power Indices
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Firm Power Price Bulletin =
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For Power Delivered on Tuesday, November 27, 2001 =
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(Trade Date of Monday, November 26, 2001) =
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Click here to access <A HREF=3D"http://www.intcx.com/SubscriberServlet/subs=
criberservlet.class?operation=3DpowerIndexForm&hub=3DAll">index history</A>=
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* volume represents sell-side only * =
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<TH ALIGN=3D"LEFT" WIDTH=3D"15%"><FONT size=3D-1><U>Hub</U></FONT></TH> =
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<TH ALIGN=3D"RIGHT"><FONT size=3D-1><U>High</U></FONT></TH> =
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<TH ALIGN=3D"RIGHT"><FONT size=3D-1><U>Low</U></FONT></TH> =
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<TH ALIGN=3D"RIGHT" WIDTH=3D"22%"><FONT size=3D-1><U>Wtd Avg Index</U></FON=
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<TH ALIGN=3D"RIGHT"><FONT size=3D-1><U>Change ($)</U></FONT></TH> =
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<TH ALIGN=3D"RIGHT" WIDTH=3D"19%"><FONT size=3D-1><U>Vol (Mwh)</U></FONT></=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>Cinergy</FONT></TD><TD ALIGN=3D"RIGH=
T"><FONT size=3D-1> $21.75</FONT></TD><TD ALIGN=3D"RIGHT"><FONT siz=
e=3D-1> $17.25</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$18.57</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>+</B> =
1.57</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 37,600</FONT=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>Comed</FONT></TD><TD ALIGN=3D"RIGHT"=
><FONT size=3D-1> $16.00</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=
=3D-1> $16.00</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$16.00</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>+</B> =
3.00</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 800</FONT>=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>Entergy</FONT></TD><TD ALIGN=3D"RIGH=
T"><FONT size=3D-1> $19.00</FONT></TD><TD ALIGN=3D"RIGHT"><FONT siz=
e=3D-1> $16.25</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$17.68</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>+</B> =
1.68</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 22,400</FONT=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>Nepool</FONT></TD><TD ALIGN=3D"RIGHT=
"><FONT size=3D-1> $27.50</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=
=3D-1> $27.00</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$27.22</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>-</B> =
2.03</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 2,400</FONT>=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>Palo Verde</FONT></TD><TD ALIGN=3D"R=
IGHT"><FONT size=3D-1> $25.85</FONT></TD><TD ALIGN=3D"RIGHT"><FONT =
size=3D-1> $20.00</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1=
> $22.45</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>+</B=
> 1.31</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 6,800</F=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>PJM-West</FONT></TD><TD ALIGN=3D"RIG=
HT"><FONT size=3D-1> $22.25</FONT></TD><TD ALIGN=3D"RIGHT"><FONT si=
ze=3D-1> $21.25</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$21.72</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>-</B> =
1.91</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 30,400</FON=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>SP-15</FONT></TD><TD ALIGN=3D"RIGHT"=
><FONT size=3D-1> $26.25</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=
=3D-1> $22.50</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$24.19</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>+</B> =
.29</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 3,600</FONT>=
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<TR><TD ALIGN=3D"LEFT"><FONT size=3D-1>TVA</FONT></TD><TD ALIGN=3D"RIGHT"><=
FONT size=3D-1> $19.00</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D=
-1> $17.30</FONT></TD><TD ALIGN=3D"RIGHT"><B><FONT size=3D-1> =
$17.75</B></FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1><B>+</B> 2.5=
0</FONT></TD><TD ALIGN=3D"RIGHT"><FONT size=3D-1> 8,000</FONT></T=
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Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the =
trade date specified for financially firm power delivered during the on-pea=
k hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailin=
g Time for Western hubs) on the delivery date(s) specified. =
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IntercontinentalExchange is the world's most liquid trading platform for ov=
er-the-counter energy and metals. Active markets include North A=
merican power and natural gas, global crude and refined oil products, and p=
recious metals. Traded instruments include forwards, swaps, and =
options. =
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In order to receive the proprietary information contained in this email, yo=
u acknowledge and agree that you shall not further disseminate the Intercon=
tinentalExchange Market Data contained herein to any person or entity witho=
ut the express written consent of IntercontinentalExchange. Fu=
rthermore, you acknowledge that (1) IntercontinentalExchange has exclusive =
and valuable property rights in this data; (2) IntercontinentalExchange's d=
ata is being made available to you only for your own business or personal a=
ctivities; and (3) you cannot communicate the data, in any form, to any oth=
er person or entity without the express written consent of Intercontinental=
Exchange. =
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This data is provided to you free of charge. IntercontinentalExc=
hange reserves the right to cancel this service at any time for any reason =
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You agree that IntercontinentalExchange does not make any representations o=
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To become an Exchange Participant or inquire about the indices, please cont=
act <A href=3D"mailto:[email protected]">[email protected]</A>. =
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arora-h/inbox/87.
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subject:
content: Flex Customer Service@AONNA
11/26/2001 04:14 PM
(See attached file: 2001Enron HCClaimForm.doc)
_____________________________________________________________________
Please Do Not Reply To This Note
Please Do Not Submit Customer Service Questions
No Reply Will Be Given Through E-mail
_____________________________________________________________________
| ||
arora-h/inbox/88.
|
subject:
content: Flex Customer Service@AONNA
11/26/2001 04:16 PM
(See attached file: 2001EnronTSAClaimForm.doc)
_____________________________________________________________________
Please Do Not Reply To This Note
Please Do Not Submit Customer Service Questions
No Reply Will Be Given Through E-mail
_____________________________________________________________________
| ||
arora-h/inbox/89.
|
subject: Your Approval is Overdue: Access Request for [email protected]
content: This request has been pending your approval for 116 days. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000041547&Page=Approval to review and act upon this request.
Request ID : 000000000041547
Request Create Date : 6/19/01 7:50:30 AM
Requested For : [email protected]
Resource Name : \\nahoutrd\houston\pwr\common\Electric - [Read]
Resource Type : Directory
| ||
arora-h/inbox/9.
|
subject: The Industry Selector*
content: The Fourth Quarter and Year 2001 Performance: The model portfolio has
gained 12.78% during the fourth quarter versus a 10.42% gain for the
S&P500. While the market has not delivered positive returns for the year,
we are happy to point out that the Industry Selector is in positive
territory as the year comes to an end. The year to date gain of 1.12% is
leading the benchmark by 1407 basis points.
Looking forward to the first quarter of 2002, our Industry Selector favors:
Aerospace/Defense, Auto Parts & Equipment, Communication-Equip/Mfrs.,
Distributors, Electronics (Semiconductors), Electric Companies, Electrical
Equipment, Equipment (Semiconductors), Financial (Diversified), Foods,
Footwear, Health Care (Drugs), Insurance Brokers, Insurance (Life/Health),
Publishing (Newspapers), Retail Stores (Dept.), Retail Stores (Drug). (full
article attached)
LJE
www.lajollaeconomics.com
La Jolla Economics
7608 La Jolla Blvd.
La Jolla, CA 92037
(ph) 858 456-4567
(fax) 858 456-4524
| ||
arora-h/inbox/90.
|
subject: Your Approval is Overdue: Access Request for [email protected]
content: This request has been pending your approval for 116 days. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000041547&Page=Approval to review and act upon this request.
Request ID : 000000000041547
Request Create Date : 6/19/01 7:50:30 AM
Requested For : [email protected]
Resource Name : \\nahoutrd\houston\pwr\common\power2\Region - [Read]
Resource Type : Directory
| ||
arora-h/inbox/91.
|
subject: Your Approval is Overdue: Access Request for [email protected]
content: This request has been pending your approval for 5 days. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000076886&Page=Approval to review and act upon this request.
Request ID : 000000000076886
Request Create Date : 11/20/01 12:47:06 PM
Requested For : [email protected]
Resource Name : Reuters Kobra 3.5.1
Resource Type : Applications
| ||
arora-h/inbox/92.
|
subject: THE LIGHTHOUSE: November 26, 2001
content: THE LIGHTHOUSE
"Enlightening Ideas for Public Policy..."
Vol. 3, Issue 47
November 26, 2001
Welcome to The Lighthouse, the e-mail newsletter of The Independent
Institute, the non-politicized, public policy research organization
<http://www.independent.org>. We provide you with updates of the
Institute's current research publications, events and media programs.
Do you know someone who would enjoy THE LIGHTHOUSE? Please forward
this message to a friend. If they like it, they can add themselves to
the list at http://www.independent.org/tii/lighthouse/Lighthouse.html.
-------------------------------------------------------------
IN THIS WEEK'S ISSUE:
1. Phony Stimulus Package Won't Fix the Economy
2. Crisis and Ratcheting Up Government Growth
3. De-politicizing the Final Choice
-------------------------------------------------------------
PHONY STIMULUS PACKAGE WON'T FIX THE ECONOMY
"Although understandably preoccupied with the war on terrorism, the
Bush administration needs to give some leadership to the economy.
This means recognizing its own mistakes," writes Independent
Institute research fellow Paul Craig Roberts, in a recent syndicated
column.
For starters, Bush should recognize that his tax cuts -- which are
phased-in and temporary rather than immediate and permanent -- will
do little to stimulate investment. Furthermore, the pork-barrel
spending package "is not a stimulus; it simply crowds out an
equivalent amount of private spending and prevents resources from
being used more productively," writes Roberts.
As Roberts says, the so-called "stimulus" package ignores the lessons
for stimulating long-term growth taught by supply-side economics
twenty years ago.
"The solution to the economy's problems is obvious and simple,"
Roberts argues. "Effective immediately, abolish the alternative
minimum tax, accelerate depreciation on a permanent basis and cut tax
rates on personal income."
See "Don't Forget the Economy," by Paul Craig Roberts (11/22/01), at
http://www.independent.org/tii/lighthouse/LHLink3-47-1.html
For more on fiscal policy, see "Twenty Years after Humphrey-Hawkins:
An Assessment of Fiscal Policy," by Jody Lipford (THE INDEPENDENT
REVIEW, Summer 1999), at
http://independent.org/tii/content/pubs/review/TIR41_lipford.html.
For supply-sider insights on the Reagan era deficits, see "What
Really Happened in 1981," by Alan Reynolds and Paul Craig Roberts
(THE INDEPENDENT REVIEW, Fall 2000), at
http://www.independent.org/tii/content/pubs/review/tir52_reyn.html.
-------------------------------------------------------------
CRISIS AND RATCHETING UP GOVERNMENT GROWTH
The wasteful pork in the recent spending package, and the dubious new
anti-privacy powers of the federal government, illustrate clearly how
government grows during national crises. Less obvious, however, is
the fact that when the emergencies subside, the new programs are
seldom dissolved. Often they are transformed into new programs or
agencies with new missions, ratcheting up government's growth.
The International Monetary Fund is one of thousands of examples that
could illuminate this government pathology, explain Independent
Institute research fellow Steve Hanke and senior fellow Robert Higgs
in a new op-ed for the FINANCIAL TIMES.
Formed in 1944 as part of the Bretton Woods agreement, the IMF was
intended to stabilize the global financial system -- by providing
credit to countries experiencing balance-of-payments problems under
the postwar pegged-exchange-rate system. But when President Nixon
closed the U.S. gold window in 1971 -- effectively ending the Bretton
Woods agreement -- the IMF became a multi-million dollar agency in
search of a new mission.
It soon found one. The IMF reinvented itself during the oil shocks of
the 1970s, and in the 1980s, with President Reagan's seal of
approval, by subsidizing loans to developing countries.
Today, the IMF is contemplating ways to financially assist coalition
partners in the War against Terrorism and to deny funds to
less-than-cooperative countries.
Government programs and institutions aren't the only things that get
ratcheted-up during national crises.
"The ratchet continues to operate on ideology, too," write Hanke and
Higgs. "A recent poll conducted by THE WASHINGTON POST indicates that
53 percent of Americans think the government 'is run for the benefit
of all the people,' up from 35 percent last year. Only 37 percent
agreed that 'the government is pretty much run by a few big interests
looking out for themselves,' the lowest percentage since 1966, when
33 percent embraced that view.
"It may be too much to expect a speedy end to the law of the ratchet,
but it is time to acknowledge what is going on. That, at least, may
make it easier to reverse the trend during times of stability."
See "Wake Up To the Law of Ratchet," by Steve Hanke and Robert Higgs,
at http://www.independent.org/tii/news/011126Higgs.html.
Also see:
"When Temporary Economic and Political Measures Become Permanent," by
Lisa Meyer (TheStreet.com, 10/10/01), at
http://www.independent.org/tii/lighthouse/LHLink3-47-2.html
"Crisis, Bigger Government, and Ideological Change: Two Hypotheses on
the Ratchet Phenomenon," by Robert Higgs (EXPLORATIONS IN ECONOMIC
HISTORY, Vol. 22, 1985), at
http://www.independent.org/tii/news/850000Higgs.html.
For more on the ratchet effect, see CRISIS AND LEVIATHAN: Critical
Episodes in the Growth of American Government, by Robert Higgs, at
http://liberty-tree.org/ltn/crisis-and-leviathan.html.
-------------------------------------------------------------
DE-POLITICIZING THE FINAL CHOICE
One of the most dramatic battles between federal and state
governments -- and a painful illustration of how drug prohibition
cripples human dignity -- is brewing in Oregon, where a federal judge
recently issued a court order to block U.S. Attorney General John
Ashcroft from interfering with the state's physician-assisted suicide
law.
(Declaring that physician-assisted suicide "was not a legitimate
medical purpose for prescribing drugs," Ashcroft -- who earier had
promised to uphold federalism over federal encroachment upon the
states -- had threatened to have the medical licenses of
participating doctors revoked.)
Many civil libertarians, understandably, see Ashcroft's threat as a
direct assault on human dignity in a matter too private and sensitive
to allow government interference between doctor and patient.
However, according to psychiatrist Thomas Szasz (member, Independent
Institute Board of Advisors), the fundamental problem is that our
laws make it unlawful to use lethal drugs to commit suicide --
except, as in the case of Oregon, when it is physician-assisted, and
even then only under limited circumstances.
In other words, no matter how painfully one may suffer from a
terminal illness, one's ultimate choice must be prescribed by a
physician.
Undoubtedly, this needlessly prolongs the suffering and anguish of
those law-abiding sufferers who decide that waiting for nature to
take its course is too long and too painful.
Drug and suicide law reform, however, would help restore genuine
dignity to those suffering from unspeakable pain. "Physician-assisted
suicide," writes Szasz in a new op-ed, "is but one of the
consequences of our drug laws."
By expanding their range of lawful options, drug and suicide law
reform would enable the terminally ill to take matters lawfully into
their own hands without interference from the state. It would also
help lift the burden from physicians struggling to interpret the
Hippocratic Oath.
"The American people are ceaselessly propagandized about the real
dangers from which drug prohibitions are intended to protect us,"
Szasz concludes. "The damage the prohibitions cause are glossed over
in silence or, more often, are unrecognized. We avoid confronting
problems of living as moral problems and choose instead to treat them
as medical problems. It is not a good choice."
See "Assisted Suicide Is Bootleg Suicide," by Thomas Szasz (LOS
ANGELES TIMES, 11/23/01), at
http://www.independent.org/tii/lighthouse/LHLink3-47-3.html
Also see:
"Beware of Pharmacracy," by Thomas Szasz (UPI, 8/21/01), at
http://independent.org/tii/news/010821Szasz.html.
"The Therapeutic State: The Tyranny of Pharmacracy," by Thomas Szasz
(THE INDEPENDENT REVIEW, Spring, 2001), at
http://www.independent.org/tii/content/pubs/review/tir54_szasz.html.
For more on federalism, see "Arguments for Federalism," by Alex
Tabarrok, research director of The Independent Institute, at
http://www.independent.org/tii/Presentations/Federalism.html.
-------------------------------------------------------------
THE LIGHTHOUSE, edited by Carl P. Close, is made possible by the
generous contributions of supporters of The Independent Institute. If
you enjoy THE LIGHTHOUSE, please consider making a donation to The
Independent Institute. For details on the Independent Associate
Membership program, see
http://www.independent.org/tii/tii_info/associat.html or contact Mr.
Rod Martin by phone at 510-632-1366 x114, fax to 510-568-6040, email
to <[email protected]>, or snail mail to The Independent
Institute, 100 Swan Way, Oakland, CA 94621-1428. All contributions
are tax-deductible. Thank you!
-------------------------------------------------------------
For previous issues of THE LIGHTHOUSE, see
http://www.independent.org/tii/lighthouse/Lighthouse.html.
-------------------------------------------------------------
For information on books and other publications from The Independent
Institute, see http://www.independent.org/tii/pubs.html.
-------------------------------------------------------------
For information on The Independent Institute's upcoming Independent
Policy Forums, see http://www.independent.org/tii/forums/events.html.
-------------------------------------------------------------
To subscribe (or unsubscribe) to The Lighthouse, please go to
http://www.independent.org/subscribe.html, choose "subscribe" (or
"unsubscribe"), enter your e-mail address and select "Go."
-------------------------------------------------------------
THE LIGHTHOUSE
ISSN 1526-173X
Copyright ? 2001 The Independent Institute
100 Swan Way
Oakland, CA 94621-1428
(510) 632-1366 phone
(510) 568-6040 fax
| ||
arora-h/inbox/93.
|
subject: OnePass Member continental.com Specials for harry arora
content: continental.com Specials for harry arora
Tuesday, November 27, 2001
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TABLE OF CONTENTS
1. This Week's Destinations
2. Continental Vacations Offers
3. Hilton Hotels & Resorts, Doubletree Hotels & Resorts, & Embassy Suites Hotels Offers
4. Alamo Rent A Car Offers
5. National Car Rental Offers
****************************************
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********************************
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--------------------------------------
Fort Lauderdale, FL - Hilton Fort Lauderdale Airport, Dania, FL. - $119
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Special rates apply only for the dates listed at each hotel and are subject to availability. Check hilton.com for specific dates at each Hilton Family Hotel. Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these rates.
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or contact Alamo at 1-800 GO ALAMO.
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6. CONTINENTAL.COM SPECIALS FROM NATIONAL CAR RENTAL
Rates listed below are valid on intermediate class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, December 1 with returns Monday, December 3 or Tuesday, December 4, 2001.
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$29 a day in: Hartford, CT (BDL)
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Taxes (including VLF taxes up to US$1.89 per day in California and GST), other governmentally-authorized or imposed surcharges, license recoupment fees, fuel, additional driver fee, drop charges and optional items (such as CDW Waiver Savers(R) up to US$18.99 a day,) are extra. Renter must meet standard age, driver and credit requirements. Rates higher for drivers under age 25. Concession recoupment fees may add up to 14% to the rental rate at some on-airport locations. Up to 10.75% may be added to the rental rate if you rent at an off-airport location and exit on our shuttle bus. Weekly rates require a 5-day minimum rental or daily rates apply. For weekend rates, the vehicle must be picked up after 9 a.m. on Thursday and returned before midnight on Monday or higher daily rates apply. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. All vehicles must be returned to the country of origin. Offer not valid in San Jose, CA.
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---------------------------------------
This e-mail message and its contents are copyrighted and are proprietary products of Continental Airlines, Inc. Any unauthorized use, reproduction, or transfer of the message or its content, in any medium, is strictly prohibited.
****************************************
If you need assistance please visit:
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| ||
arora-h/inbox/hist_vols/1.
|
subject: RE: cash charts
content: let me know if this is what you were looking for. i could only find data back to April of 97, i'll keep looking.
From: Harry Arora/ENRON@enronXgate on 03/25/2001 12:51 PM
To: Russell Ballato/NA/Enron@Enron
cc:
Subject: RE: cash charts
Russell
I need the cin daily charts for 97,98 and 99. If this specific index is not available, I need some hourly or daily number to give an approximatin ( +-10%) of where actual clearing took place. Thanks
Harry
-----Original Message-----
From: Ballato, Russell
Sent: Tuesday, March 20, 2001 5:55 PM
To: Arora, Harry; Gupta, Gautam
Subject: cash charts
<< File: cin cash.xls >>
| ||
arora-h/inbox/hist_vols/2.
|
subject:
content: Here is the file, if I forgot to attach.
| ||
arora-h/inbox/hist_vols/3.
|
subject: Vol
content: Here is volatility analysis - Let's discuss.
Paul
| ||
arora-h/inbox/hist_vols/4.
|
subject: FW: Vol
content: -----Original Message-----
From: Schiavone, Paul
Sent: Tuesday, March 13, 2001 2:06 PM
To: '[email protected]'; Arora, Harry
Subject: Vol
Here is volatility analysis - Let's discuss.
Paul
| ||
arora-h/inbox/hist_vols/5.
|
subject: annualized vol curves
content: Attatched are Com ED and Entergy vol curves. I am looking into historical daily prices and should have them to you by the end of the day.
If you have any futher questions please dont hesitate to ask.
Russell Ballato
| ||
arora-h/inbox/receipts/1.
|
subject: FW: Iris Mack's involvement in the Enron Team to Howard University
content: Dear Dr. Lay,
My name is Iris Mack. My former boss - Vince Kaminski - asked me to become involved with Howard University's development of its new Interdisciplinary Science and Engineering Center (ISE).
I recently moved from the Houston Research group to the Power Options trading desk - as indicated in the forwarded email.
My new boss - Harry Arora - is very agreeable to my being a part of the Enron team to assist Howard in the development of the ISE.
Looking forward to working with you and the ofther members of Howard's Board of Trustees on such an exciting project.
Kind regards,
Iris Mack
-----Original Message-----
From: Mack, Iris
Sent: Tuesday, June 26, 2001 6:46 PM
To: Mack, Iris
Subject: RE: Transferring to a new department in the near future
Dear All,
As many of you may already know, I will be moving to the Power Trading group. My new position will allow me to combine my experience in derivatives, as well as my knowledge of the power industry.
? My derivatives experience: Recently, I worked on Credit Derivatives pricing models for Enron Credit. In addition, I worked as a derivatives structurer at Investment Banque BNP Paribas in London, where I also obtained my licenses in Securities, Regulations and Derivatives. In addition, I spent my summers in Associateships and consulting positions in derivatives pricing at Salomon Brothers and Charles Schwab. Finally, I conducted real options academic research at MIT.
? My power experience: My Harvard PhD thesis in Applied Mathematics had applications to the "transient stability analysis of electrical power systems." In addition, my London Business School MBA thesis was entitled "Day-Ahead Lunch-Time Electricity Demand Forecasting: Applications to Electricity and Weather Derivatives".
I really enjoyed my time working in the Research Group, as well as my time supporting Enron Credit.
Looking forward to working with you in the future!
Kind regards,
Iris
| ||
arora-h/inbox/receipts/2.
|
subject: FW: Followup on the letter to Dr. Lay from the President of Howard
content: Hi,
How are you? Just a brief note to let you know that I followed up on the letter (dated May 2nd) to Dr. Ken Lay from the President of Howard University.
I spoke with President Swygert and Dr. Hassan Minor about how Enron may assist Howard University in structuring a new Interdisciplinary Science and Engineering Center (ISE).
I was informed that Howard will be forwarding further details onto Dr. Lay and me as to how Enron can help them move forward with the development of the ISE.
Will keep you posted.
Kind regards,
Iris
| ||
arora-h/inbox/receipts/3.
|
subject: Dell & Enron Order Confirmation
content: > DELL & ENRON ClickAtHome ORDER CONFIRMATION
>
> Thank you for your Enron ClickAtHome order! Please read and retain this
> e-mail for your records. It contains important information relating to
> your order that should be used in any future communications with Dell.
>
> Your Dell customer number is: 12831939
>
> Your order number is: 613159912
>
> Your total "Out of Pocket" amount: $ 606.16
> The total "Out of Pocket" amount includes upgrade costs, shipping and
> taxes.
>
>
> Your Online Sales Point of Contact:
> We are here to assist you with your order if needed. Our office hours are
> Monday- Friday, 8am-7pm Central Standard Time. You can reach our office
> by calling 1-866-220-3355 or through e-mail at:
> [email protected] <mailto:[email protected]> .
>
> Estimated Ship Date:
> We estimate that your order should be shipped on or before 08/06/01.
> Although we do not anticipate a delay in your order, we cannot guarantee
> the shipping date as we occasionally run into unexpected delays in
> manufacturing. Your order is being shipped to you under Dell's terms and
> conditions of sale found at: www.dell.com <http://www.dell.com>.
>
> Total Satisfaction Policy:
> If you wish to cancel your order for any reason within 30 days, we'll
> refund amounts paid by you, minus shipping costs, no questions asked. You
> are responsible for the cost of shipping your system back to us.
> EPP Customer Care contact options: 1-866-220-3355, option 4 or use the
> e-mail box US Relationship [email protected] .
>
> How to Check Order Status:
> If you would like to check the status of your order, please call Dell's
> automated order status inquiry system at: 1-800-433-9014, or visit Dell's
> Order Status Page at: <http://wwwapp.us.dell.com/us/en/ordstat/index.asp>.
>
>
> You can also register to have Dell e-mail you when your order is shipped,
> by going to:
> <http://wwwapp.us.dell.com/us/en/ordstat/watchreg.asp?ordnum>.
>
> How to reach a Technical Support Representative:
> Once you have received your equipment, if you need to contact a Dell
> technical support representative, please call 1-866-220-3355, option 3.
> You will be asked to give your "Service Tag Number". The "Service Tag
> Number" is a five digit alphanumeric number written on the white bar code
> label on the back of the system. Please have this number ready before you
> contact the technical support representative.
>
>
> Thank you for participating in the Dell/ Enron ClickAtHome program. It is
> my pleasure to work with you.
>
> Sincerely,
John Russell
| ||
arora-h/inbox/saved_mail/1.
|
subject: Homer City Info.
content: WHAT WE KNOW:
1. Purchased by Edison Mission Energy in March 1999 for 1.8 billion from GPU and NGE Generation.
2. Total generation capacity = 1,884 MW (3 coal fired turbines)
3. One of the largest and lowest cost sources of power in the Mid-Atlantic
4. Only major coal-fired facility in region with direct high voltage access to both NYPP and PJM
5. Company has stated plans to invest 200 million to upgrade plants, pollution controls, and life extension
6. Issued approximately 1.1 billion in bonds in August 2000. (8.56% 2016, 8.3% 2009)
| ||
arora-h/inbox/saved_mail/10.
|
subject: Vol Smile
content: Hey Harry,
1. Volatility smile is calculated based on (contract_price - fwd_price). If we denote this difference as d, then compare it with the volatility smile curves based on the following rules:
To make it clear, let's assume the volatility smile curve is for -1.5, -1, -0.5, 0, 0.5, 1, 1.5
a) if d is between the smallest and biggest scale in the curve, namely -1.5 and 1.5, then it is mapped to the closest scalar smaller than it. This means for d>0, say, d = 1.2, it is mapped to 1; for d<0, say d= -1.2, it is mapped to -1.5.
b) if d is greater than the maximum scalar in the curve, it is mapped to the maximum scalar, 1.5 in this example.
c) if d is less than the smallest scalar in the curve, it is mapped to the smallest scalar, -1.5 in this example.
2. Volatility smile is calculated in the same way regardless of the deal types.
3. For Houston deals, volatility smile is always applied.
Sanjay
| ||
arora-h/inbox/saved_mail/11.
|
subject: Vidigo Business Plan
content: Harry,
Sorry for the delay. Here is our Business Plan. As you can see, we are in the Vidigo Compression business. We have developed a proprietary compression capability which produces video of superior quality and size with approximately half the file size resulting in substantial cost savings. We have also developed proprietary marketing applications based on our core technology ie.VidiMercial and Vidigo Previews. We are currently looking for a bridge financing on the order of $2m which should carry us to cash flow positive. We are now beginning to roll out our technology. I would be glad to meet you. I look forward to hearing from you.
Regards,
[IMAGE]
robin ross
chairman & [email protected]
416.203.6661 x227
- Vidigo Bus Plan March 1.doc
- Vidigo Financial projections March 1.xls
| ||
arora-h/inbox/saved_mail/12.
|
subject: EOL Test Password
content: Harry,
New Test Id:
User ID: harora
Password: harora
Please let me know if you have any questions.
Thank you,
Stephanie x33465
---------------------- Forwarded by Stephanie Sever/HOU/ECT on 04/17/2001 09:11 AM ---------------------------
From: Savita Puthigai/ENRON@enronXgate on 04/16/2001 05:38 PM
To: Stephanie Sever/HOU/ECT@ECT
cc: Harry Arora/ENRON@enronXgate
Subject: EOL Test Password
Hi Stephanie,
Harry called because the ID we gave him for the test applications does not seem to be working. Can you inactivate the first one and email him a new one. Thanks.
Savita
| ||
arora-h/inbox/saved_mail/121.
|
subject: FW: RTO Week -- Summary of Standards and Practices Panel
content: =20
-----Original Message-----
From: Rodriquez, Andy=20
Sent: Thursday, October 18, 2001 4:46 PM
To: Black, Tamara Jae; '/o=3DENRON/ou=3DNA/cn=3DRecipients/cn=3Dnotesaddr/c=
n=3Da478079f-55e1f3b0-862566fa-612229'; Abler, William; Aggarwal, Anubhav; =
Allen, Diana; Arora, Harry; Bailey, Debra; Ballato, Russell; Ballinger, Ted=
; Baughman Jr., Don; Benchluch, Moises; Benjelloun, Hicham; Benson, Robert;=
Bentley, Corry; Blaine, Jay; Bolt, Laurel; Broderick, Paul J.; Broussard, =
Richard; Burnett, Lisa; Campbell, Larry F.; Capasso, Joe; Carson, Mike; Che=
n, Alan; Choate, Jason; Cline, Kevin; Collins, Dustin; Comeaux, Keith; Coul=
ter, Kayne; Davis, Mark Dana; Day, Smith L.; Dean, Clint; Decook, Todd; Eme=
sih, Gerald; Errigo, Joe; Forney, John M.; Freije, William; Garcia, Miguel =
L.; Gilbert, Gerald; Gilbert-smith, Doug; Giron, Gustavo; Greer, Andrew; Gu=
aly, Jaime; Guerra, Claudia; Gulmeden, Utku; Gupta, Gautam; Ha, Amie; Hanse=
, Patrick; Hernandez, Juan; Imai, Rika; Ingram, David; Jenkins IV, Daniel; =
Kaniss, Jason; King, Jeff; Kinser, John; Larkworthy, Carrie; Laurent, Dean;=
Laverell, Justin; Lenartowicz, Chris; Lorenz, Matt; Lotz, Gretchen; Lowell=
, Thomas; Mack, Iris; Mahajan, Ashish; Makkai, Peter; Marquez, Mauricio; Ma=
skell, David; May, Tom; McElreath, Alexander; Miller, Jeffrey; Oh, Seung-Ta=
ek; Olinde Jr., Steve; Pace, Andy; Padron, Juan; Pan, Steve; Philip, Willis=
; Podurgiel, Laura; Poppa, John D.; Presto, Kevin M.; Quenet, Joe; Rawal, P=
unit; Rogers, Benjamin; Rust, Bill; Ryan, David; Saibi, Eric; Schiavone, Pa=
ul; Schneider, Bryce; Seely, Michael; Serio, Erik; Shoemake, Lisa; Simpson,=
Erik; Stalford, Robert; Stepenovitch, Joe; Sturm, Fletcher J.; Symms, Mark=
; Tamma, Ramanarao; Thomas, Paul D.; Trejo, Reese; Valdes, Maria; Vernon, C=
layton; Wang, Steve; Williams, Ryan; Willis, Cory; Zipperer, Mike; Baughman=
, Edward D.; Clynes, Terri; Dalton III, Oscar; Kelly, Mike E.; Sewell, Doug=
; Valderrama, Larry; Walton, Steve; Roan, Michael; Perrino, Dave; Maurer, L=
uiz; Hueter, Barbara A.; Landwehr, Susan M.; Hoatson, Tom; Novosel, Sarah; =
Nicolay, Christi L.; Yeung, Charles
Subject: RE: RTO Week -- Summary of Standards and Practices Panel
RTO Week
<?xml:namespace prefix =3D o ns =3D "urn:schemas-microsoft-com:office:offi=
ce" />
Day 4 - October 18, 2001
Afternoon Session
=20
Standardizing Markets, Business, and Other Practices=20
Panelists for this discussion were: Sarah Barpoulis, PG&E National Energy =
Group; William P. Boswell, GISB; Bill Burkes (substituting for David J. Chr=
istiano), City Utilities of Springfield, Missouri; David N. Cook, NERC Gene=
ral Counsel; Michael Kormos PJM Interconnection; LeRoy Koppendrayer, Minnes=
ota Public Utilities Commission; and Marty Mennes, Florida Power & Light Co=
mpany.
=20
General Observations
=20
The Commissioners were all present the majority of the time (Massey left la=
te in the afternoon). FERC Staff was active in the discussion; however, t=
he commissioners were very active as well, asking perhaps as much as 70% of=
all questions. There was a general consensus that standards were needed; =
much discussion focused simply on how much and by who. The Commission seeme=
d very interested in leaning what they needed to do to move the industry fo=
rward and how far they needed to go. Panelists urged the need to mover for=
ward as quickly as possible, but both they and FERC seemed to recognize tha=
t some of the issues regarding standardized market design and such needed t=
o be addressed before RTOs could really begin to move forward. There was d=
iscussion on identifying which industry group (NERC or GISB) would take the=
reins in the future. On an interesting tangential note, there was noticea=
ble conflict between NERC and GISB, with veiled insults between the two org=
anizations somewhat common during the discussions.=20
=20
FERC Deliverables
A great deal of the discussions focused on identifying what the industry ne=
eded from the Commission. Staffers probed all panelists to find what they =
felt was critical. =20
The first major topic was "How many RTOs? What is their scope?" All panel=
ists seemed to agree that this question needed to be answered immediately b=
y FERC, in strong definitive language. N o one offered any specific langua=
ge, but seemed to be urging FERC to issue a formal statement.
The next topic was, "What will be standard market design?" Panelists varie=
d on this, but most felt strong guidance from FERC is urgent. Some urged f=
or one mandatory design for North America, one supported a set of rigid sta=
ndard designs, one supported a single design with requests for exceptions (=
followed by an in-depth review process), and one seemed to prefer the curre=
nt situation.
The commission in general seemed to be very interested in understanding wha=
t the industry needed to move forward. They continually visited this topic=
throughout their discussions, asking questions like, "Do we need to issue =
a Mega-Order that addresses all these issues?" and, "How much detail do you=
need us to provide?" General feel from the panelsists seemed to be they =
wanted strong leadership in this areas. Kormos and Burkes went so far as t=
o say FERC should "Mandate as much as they felt comfortable - and then go a=
little further." Others seemed to be a little worried about this idea, bu=
t in general did not oppose the concept, citing only general warnings and t=
he need for cautious investigation. =20
One item of interest: Wood referred to the filing made by the Electronic Sc=
heduling Collaborative and specifically asked if the items identified in th=
e "RTO Design and RTO Implementation" section would address many of the que=
stions and uncertainty facing the industry with regard to RTO design. Korm=
os indicated that clear and specific answers to these questions specifying =
a course of action would go a long way toward guiding the industry. The se=
ction to which Wood referred was one that I wrote, and asked the following =
questions:
? Congestion Management - When Operational Security Violations occu=
r, how is the system to be stabilized in a fair and equitable manner that i=
s nonetheless efficient? Will LMP based systems be standard, or will there=
be others that must be accommodated?
? Transmission Service - Are transmission services required to sch=
edule ("covered" schedules only), or are they risk management tools protect=
ing from congestion charges (both "covered" and "uncovered" schedules are a=
llowed)?=20
? Loop Flows - Are contract-path based or flow-based transmission =
services appropriate? If contract-path based, how are parallel path issues=
to be addressed?
? Grandfathered Transmission Service - Should contracts existing pr=
ior to RTO development be transferred, or is there an equitable way to reti=
re those contracts? Are there other solutions?
? Energy Imbalance Markets - How are imbalance markets to function?=
Will they serve as real-time energy markets (support unbalanced schedules)=
, be limited to supplying needs of imbalance service (require balanced sche=
dules), or will they be required at all?
? Ancillary Services - Will ancillary service markets be developed =
in standard ways? Will entities be required to actually schedule ancillary=
services (required to schedule), or will they be treated primarily as fina=
ncial instruments (protecting against real-time POLR charges)?
? Losses - Can we utilize the imbalance markets to support losses? =
Can we create specific loss standards that facilitate the scheduling proce=
ss, or must we support methods that are currently in tariffs, but technical=
ly unwieldy?
? Non-Jurisdictionals - How are non-jurisdictionals to be integrate=
d into the new world? Should systems be designed with the assumption that =
non-jurisdictional will be part of an RTO? Or should they be designed to t=
reat each NJE as a separate entity?
Hopefully, FERC will use this section as a template to answer these critica=
l questions in an assertive manner, and give some solid direction in which =
to move. Kormos emphasized the need for concrete answers to these questions=
, pointing out that vague answers (i.e., "do congestion management") will t=
ake a year or two to resolve, but specific answers (i.e., "LMP with financi=
al hedging instruments") will take only months. The Commission asked Mike =
about moving forward, and he told them that effectively, it was impossible =
to move forward with implementation without getting these issues addressed.
Now for a funny point - One of the commissioners (I think Breathitt) refer=
red to some concerns expressed in the Northwest that their high concentrati=
on of hydro power makes LMP inefficient for the Northwest. Kormos flat out=
said, "My profession is understanding how power systems work, and I don't =
believe that that statement is true." He then backpedaled a bit and said t=
hat it would need more study, but he stood by his statement that the assert=
ion by the Northwest interests was false.
NERC and GISB
A great deal of discussion focused around the need for a single standard-se=
tting organization. Massey went so far as to ask, "Are we looking at a bea=
uty contest between NERC and GISB?" Cook and Boswell then went into severa=
l short polite jabs at each other's organizations. Other participants cont=
inually reiterated the need for ONE, INDEPENDENT organization. Interesting=
ly, Boswell was very emphatic about the established trust and respect in GI=
SB, while Cook preferred to only talk about the "new" structure of NERC and=
did not focus on its history.
Brownell offered some not-too-subtle passive support of GISB by pointedly a=
sking both Cook and Boswell if they lobbied political positions (i.e., were=
they not only an organization but also a stakeholder?). GISB was easily a=
ble to say they were not, but NERC of course had to admit to their romancin=
g of Congress and the Bush administration for reliability legislation. Poin=
t, Brownell.
Mennes acted as somewhat of a supporter for NERC, playing Dave Cook's yes-m=
an. He probably did them a little bit of harm by pointing to NERC's suppos=
ed "successes," such as TLR and E-Tag. If staffers have tenure, they will =
likely remember that these "successes" have not been so successful, resulti=
ng in several filings and interventions. We may also wish to file comments=
in specific objection to these claims, to refresh their memory and to show=
the pretty picture Marty painted was in fact a fiction.
There was a little discussion about splitting reliability and market issues=
, but general consensus was that I could not be done. There was also some =
talk of folding NERC under GISB/EISB.
The arguments began winding down after a some time, and Boswell strongly ur=
ged the Commission to speak to industry executives and advocacy group leade=
rship to see whether NERC or GISB should lead the industry forward. NERC s=
omewhat less enthusiastically supported this position. In general, I would=
say it was a close fight but GISB came out more on top.
Let me know if you have any questions.
Andy Rodriquez
Regulatory Affairs - Enron Corp.
[email protected]
713-345-3771=20
| ||
arora-h/inbox/saved_mail/125.
|
subject: FW: 1994 Deferral Plan-Accelerated Distribution
content: -----Original Message-----
From: Ratcliff, Renee
Sent: Thursday, October 25, 2001 1:17 PM
To: Oxley, David; Jones, Robert W.- HR Exec
Subject: 1994 Deferral Plan-Accelerated Distribution
David/Robert,
Please find attached the form for requesting an accelerated distribution from the Enron 1994 Deferral Plan. Also attached is a copy of the procedure for requesting such distribution.
Have a good day.
Renee
| ||
arora-h/inbox/saved_mail/13.
|
subject: FW: EOL Test ID's
content: Sorry. Here is the address for the test website
testweb1.eoltest.com
Savita
-----Original Message-----
From: Sever, Stephanie
Sent: Monday, April 09, 2001 1:30 PM
To: Puthigai, Savita
Subject: Re: EOL Test ID's
Stack - Harry Stack - Robert
User Id: harora User ID: rstalfor
Password: harora Password: rstalfor
Website - Harry Website - Harry
User ID: CTPRTY154 User ID: CTPRTY155
Password: WELCOME! Password: WELCOME!
Thanks,
Stephanie
From: Savita Puthigai/ENRON@enronXgate on 04/05/2001 02:21 PM
To: Stephanie Sever/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
cc:
Subject: EOL Test ID's
Hi Stephanie,
Can I get test ID's for Rob Stalford and Harry Arora. They should have access to all the US Power Products in test.
HI Melba,
Can you set up Financial Power Product types in test and getting it mapped to the financial swap product type. If this could be done sometime before Monday it will be great. Thanks.
Savita
| ||
arora-h/inbox/saved_mail/14.
|
subject: Important Information from PricewaterhouseCoopers IAS-Harpreet
content: Please respond to assignee.supportThis is the second of the two messages.
Dear Harpreet
As noted in the previous message, the following password should be used
for accessing our secure web site.Your password is: logusjjn .You will be
asked to change the default password when you first enter the web site.
Assignee.com is a secure site that uses advanced browser features and
requires that you use either Internet Explorer 4.0 or a higher version, or
Netscape Navigator 4. Javascript, Cookies and SSL must be installed and
enabled.
If you have any questions, please do not reply to this e-mail directly.
Please contact the Support Center:
Toll free on:
1-888-673-4383 (if calling from the United States and Canada)
0800-0232959 (if calling from the Netherlands)
0800-900986 (if calling from France), and
If calling from countries other than above, please call: 1-973-236-5555
Fax: 1-973-236-5578
e-mail: [email protected]
Alternatively, you can contact your local PwC Representative(s) :---
Tax Contact, Enron
Houston
E-Mail Only
[email protected]
| ||
arora-h/inbox/saved_mail/15.
|
subject: Important Information from PricewaterhouseCoopers IAS-Harpreet
content: Please respond to assignee.supportThis is the first of the two messages.
Dear Harpreet
We are pleased to inform you that you are eligible for
PricewaterhouseCoopers' 2000 tax preparation services. This year you will
be able to provide us with your 2000 tax data information completely
on-line.
The site can be found at www.assignee.com.
Assignee.com is a secure site that uses advanced browser features and
requires that you use either Internet Explorer 4.0 or a higher version, or
Netscape Navigator 4. Javascript, Cookies and SSL must be installed and
enabled.
Your User Name for accessing the site is: [email protected] .
For added security, your unique password will be sent to you separately.
If you have any questions, please do not reply to this e-mail directly.
Please contact the Support Center:
Toll free on:
1-888-673-4383 (if calling from the United States and Canada)
0800-0232959 (if calling from the Netherlands)
0800-900986 (if calling from France), and
If calling from countries other than above, please call: 1-973-236-5555
Fax: 1-973-236-5578
e-mail: [email protected]
Alternatively, you can contact your local PwC Representative(s) :---
Tax Contact, Enron
Houston
E-Mail Only
[email protected]
| ||
arora-h/inbox/saved_mail/16.
|
subject: FW: Long, but worth reading
content: I received this and thought it was great.........
ENLIGHTENED PERSPECTIVE
>>
>>To all my friends:
>>If you will take the time to read these. I promise
>>you'll come away with an enlightened perspective. The
>>subjects covered affect us all on a daily basis!
>>
>>They're written by Andy Rooney a man who has the gift
>>Of saying so much with so few words. Enjoy........
>>
>>I've learned....
>>That the best classroom in the world is at the feet of
>>an elderly person.
>>
>>I've learned....
>>That when you're in love, it shows.
>>
>>I've learned....
>>that just one person saying to me, "You've made my
>>day!" makes my day.
>>
>>I've learned....
>>That having a child fall asleep in your arms is one
>>of the most peaceful feelings in the world.
>>
>>I've learned....
>>That being kind is more important than being right.
>>
>>I've learned....
>>That you should never say no to a gift from a child.
>>
>>I've learned....
>>That I can always pray for someone when I don't have
>>the strength to help him in some other way.
>>
>>I've learned....
>>That no matter how serious your life requires you to
>>be, everyone needs a friend to act goofy with.
>>
>>I've learned....
>>That sometimes all a person needs is a hand to hold
>>and a heart to understand.
>>
>>I've learned....
>>That simple walks with my father around the block on
>>summer nights when I was a child did wonders for me as
>>an adult.
>>
>>I've learned....
>>That life is like a roll of toilet paper. The closer
>>it gets to the end, the faster it goes.
>>
>>I've learned....
>>That we should be glad God doesn't give us everything
>>we ask for.
>>
>>I've learned....
>>That money doesn't buy class.
>>
>>I've learned....
>>That it's those small daily happenings that make life
>>so spectacular.
>>
>>I've learned...
>>That under everyone's hard shell is someone who wants
>>to be appreciated and loved.
>>
>>I've learned....
>>That the Lord didn't do it all in one day. What makes
>>me think I can?
>>
>>I've learned....
>>That to ignore the facts does not change the facts.
>>
>>I've learned....
>>That when you plan to get even with someone, you are
>>only letting that person continue to hurt you.
>>
>>I've learned....
>>That love, not time, heals all wounds.
>>
>>I've learned....
>>That the easiest way for me to grow as a person is to
>>surround myself with people smarter than I am.
>>
>>I've learned....
>>That everyone you meet deserves to be greeted with a
>>smile.
>>
>>I've learned....
>>That there's nothing sweeter than sleeping with your
>>babies and feeling their breath on your cheeks.
>>
>>I've learned....
>>That no one is perfect until you fall in love with
>>them.
>>
>>I've learned....
>>That life is tough, but I'm tougher.
>>
>>I've learned....
>>That opportunities are never lost; someone will take
>>the ones you miss.
>>
>>I've learned....
>>That when you harbor bitterness, happiness will dock
>>elsewhere.
>>
>>I've learned....
>>That I wish I could have told my Mom that I love her
>>one more time before she passed away.
>>
>>I've learned....
>>That one should keep his words both soft and tender,
>>because tomorrow he may have to eat them.
>>
>>I've learned....
>>That a smile is an inexpensive way to improve your
>>looks.
>>
>>I've learned....
>>That I can't choose how I feel, but I can choose what
>>I do about it.
>>
>>I've learned....
>>That when your newly born grandchild holds your little
>>finger in his little fist, that you're hooked for
>>life.
>>
>>I've learned....
>>That everyone wants to live on top of the mountain,
>>but all the happiness and growth occurs while you're
>>climbing it.
>>
>>I've learned ...
>>That it is best to give advice in only two
>>circumstances; when it is requested and when it is a
>>life threatening situation.
>>
>>I've learned....
>>That the less time I have to work with, the more
>>things I get done. To all of you.... Make sure you
>>read all the way down to the last sentence.
>>
>>There once was a little boy who had a bad temper. His
>>Father gave him a bag of nails and told him that every
>>time he lost his temper, he must hammer a nail into
>>the back of the fence. The first day the boy had
>>driven 37 nails into the fence.
>>
>>Over the next few weeks, as he learned to control his
>>anger, the number of nails hammered daily gradually
>>dwindled down. He discovered it was easier to hold his
>>temper than to drive those nails into the fence.
>>
>>Finally the day came when the boy didn't lose his
>>temper at all. He told his father about it and the
>>father suggested that the boy now pull out one nail
>>for each day that he was able to hold his temper.
>>
>>The days passed and the young boy was finally able to
>>tell his father that all the nails were gone.
>>The father took his son by the hand and led him to the
>>fence.
>>He said, "You have done well, my son, but look at the
>>holes in the fence. The fence will never be the
>>same. When you say things in anger, they leave a scar
>>just like this one.
>>You can put a knife in a man and draw it out. It
>>won't matter how many times you say I'm sorry, the
>>wound is still there. A verbal wound is as bad as a
>>physical one.
>>Friends are very rare jewels, indeed. They make you
>>smile and encourage you to succeed. They lend an ear,
>>they share words of praise and they always want to
>>open their hearts to us.
>>
>>It's National Friendship Week. Show your friends how
>>much you care. Send this to everyone you consider a
>>FRIEND, even if it means sending it back to the
>>person who sent it to you. If it comes back to you,
>>then you'll know you have a circle of friends.
>>HAPPY FRIENDSHIP WEEK TO YOU!!!!!!
>>YOU ARE MY FRIEND AND I AM HONORED!
>>Now send this to every friend you have!! And to your
>>family.This was sent to me. Please forgive me if I
>>have ever left a hole in your fence.
b
| ||
arora-h/inbox/saved_mail/17.
|
subject: Demand buy-down proposal
content: As we discussed....... as much flesh as we can put on this by midday tommorrow would be quite helpful. I would think there are significant aggregation opportunities available to us once this is implemented. Let me know what else you need from me. Thanks.
| ||
arora-h/inbox/saved_mail/18.
|
subject: Business-Wide Cost Saving Opportunities
content: At Enron, we're good at a lot of things: making markets, commoditizing products, managing risk, offering innovative energy solutions to customers - the list goes on and on. However, one of the things we could do a lot better is watching our expenses. We're all shareholders in this company, and we need to spend our company's dollars as wisely as we spend our own.
There are some simple, yet significant measures each of us can take to make sure we're careful with Enron's money. The Policy Committee has approved and recommended the following:
? Professional Services - This is our largest area of discretionary spending, at more than $600 million last year. "Professional Services" includes our contracts with outside law and accounting firms, contractors and other consulting groups. To make sure that we are negotiating the best rates and terms of service for the company across business units, we are requiring all future professional service contracts and those up for renewal to be negotiated through or in consultation with Global Strategic Sourcing (GSS), effective July 1. In addition, contracts for more than $5,000 must be pre-approved by the business unit senior executive or their designee and GSS. For more information, see http://ibuyit.enron.com.
? On-line expense reporting tool XMS - XMS, our online expense reporting tool, enables us to expedite, monitor and report expenses. Effective July 1, all employees on domestic U.S. payroll will be required to use XMS for reimbursement of business-related expenses. To access XMS, go to http://xms.enron.com/.
? Enterprise wide portal - We currently have 122 internal web sites across the company. The amount of technology work, marketing collateral, and other related costs required to develop and support so many portals is sizeable. It makes sense to have one Enron portal so you can efficiently access content and services through a single, personalized channel that will make it easier for you to find information and perform basic tasks online. This new company-wide portal, under the leadership of Tony Mends, will be launched in several phases beginning this fall.
Another significant area where we can be more diligent in our spending is travel and entertainment. Enron has long had travel policies in place. As we have grown, we have not done as well as we should have in communicating those policies to new employees and reminding all employees to take advantage of the discounts we have negotiated. The availability of discounts and booking services online should make it easy to save money for the company without sacrificing the comfort of employees who travel. The following are common sense recommendations that we should all adhere to when traveling for business. Any regular deviations from these travel policy recommendations will be reviewed by each business unit leader.
? Air travel - Employees are requested to use either Travel Agency in the Park (TAP) or the GSS-approved preferred travel agency for your location - all of which have access to the significant airfare discounts negotiated by GSS - or http://clicktrip.enron.com/enron, the new online travel booking service that allows employees to book their own travel with the same negotiated discounts. Employees who fly in the United States should book non-refundable coach tickets, which are typically 65 percent less than refundable tickets and can usually be changed by simply paying a $100 fee. For this reason, we strongly encourage all employees to purchase non-refundable domestic coach tickets when possible.
? Lodging - GSS has also negotiated preferred rates at a number of hotel chains in many cities worldwide to accommodate each business unit's individual hotel policy. We recommend that you use Enron's list of preferred hotels to select accommodations that are in line with your business unit's policies. You can view the list at http://travel.enron.com.
? Car rental services - When renting a car for business travel, employees should use our preferred car rental agencies - National (U.S. and Canada) and Alamo (U.S.)- since the agreements we have negotiated are intended to protect you and Enron through the insurance coverage in our contract. Visit http://travel.enron.com for details and updates to services available outside the U.S.
? Off-site meetings - All domestic-U.S. off-site meetings and events with more than 10 people should be coordinated through GSS, which will negotiate preferred rates for Enron. They can be reached at (713) 646-8311.
Because there are differences between business units and offices, each business unit leader will follow up this memo with a communication further elaborating on these policies as they apply to their business unit.
Each of us has a responsibility to make sure we do our part to ensure Enron retains its competitive edge. These recommendations are some basic, sensible actions we can take company-wide, but it is up to every employee to look for cost saving measures and do what makes sense in your daily activities. If you have an idea or a suggestion you would like to share with us, please e-mail us at [email protected]. A list of questions and answers about these policies is posted on http://ibuyit.enron.com/gss/ibuyit/csfaq.doc. If you have additional questions, Policy Committee member Kevin Hannon will host an eSpeak on Tuesday, June 19 at 10 a.m. Houston time to discuss these cost saving recommendations.
|
All Enron Worldwide@ENRON <??SAll Enron Worldwide@ENRON>
|
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arora-h/inbox/saved_mail/19.
|
subject: Eastern Interconnect - Then and Now
content: Enjoy~
| ||
arora-h/inbox/saved_mail/2.
|
subject: Diagram of New Mezz Structure
content: Attached is my and Pete's attempt structural clarity... comments very welcome.
| ||
arora-h/inbox/saved_mail/20.
|
subject: information
content: Harry,
Here is my CV for your review. I will give you a call next week to discuss this opportunity further. Have a great w/e.
Jaime
| ||
arora-h/inbox/saved_mail/21.
|
subject: Resume from Sumant Kapoor
content: Hi Harry,
Here is my latest and greatest [RESUME], kudos to the "Great American
Economy". :-) I have some relevant ( and also diverse) background in
Utility, Energy and Telecom Industry.
Also I am "cutting and pasting" brief synopsis of my experience with D&T
I have about 3 years of consulting and web based software development
experience with Deloitte Consulting.
I have worked extensively with development of Web applications on Unix
and NT Platform. This includes experience deploying leading application
server such as BEA Weblogic, personalization servers such as Broadvision and
Backend ERP systems such as SAP(Certified in Material Mangement Module)
I have strong programming skills in Java and J2EE technologies such as
EJB development, Java Servlets, JSP, JDBC, RMI etc.
Please find my resume attached with this email.
Thanks,
Sumant Kapoor
832-594-5845
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
- sk_resume.doc
| ||
arora-h/inbox/saved_mail/22.
|
subject: Steve Gim - Resume
content: I look forward to work with you.
Steve
| ||
arora-h/inbox/saved_mail/23.
|
subject: adios
content: Dear all,
Today is my last day with Enron. You have my wishes for continued success and my thanks making Enron a more interesting place to work over the almost 9 years that I have been here. I hope to stay in touch in the future. Should you wish to contact me by email, [email protected] should work.
Thanks,
Stinson
| ||
arora-h/inbox/saved_mail/24.
|
subject: Documentation
content: Harry,
Tom has drafted a document accompanying the option model. It should
be helpful for other people who sees the model the first time.
Best,
Alex
(See attached file: DailyValuation1.doc)
- DailyValuation1.doc
|
[email protected], Stalford, Robert </O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=4411DF41-44F2B565-8625690A-7419E9>
|
|
arora-h/inbox/saved_mail/25.
|
subject: FW: Options Manager - User Manual
content: Please find attached the User's Manual for Options Trading
Let me know if you have any questions,
Thanks
Carlos
x5-8705
| ||
arora-h/inbox/saved_mail/26.
|
subject: Enron Product Offerings to Ontario
content: Harry and Rob,
Could you read though the attached email. Dana and I will need your imput tomorrow. Garrett
Dana,,
Lavo would like us to show some hedging products to the Ontario government that would allow the government to feel comfortable opening the market this Winter (if all Retail and Wholesale IT systems are in place). The government is worried about a Pickering unit not returning on Schedule (Dec. 31st 2001). Our product will address this 'resource adequacy' issue.
The government can not lift this offer. However, the government, if they want the province to be hedged, could ask OPG or OEFC to look into the products we are suggesting.
Here is some product idea's and Indicative pricing. Please review, and let's discuss which we should show. With such a large volume, we would have to consider a price premium for Congestion and Ancillary Service risks associated with exporting from NY.
For comparison, I priced the same products using NY West.
GT
| ||
arora-h/inbox/saved_mail/27.
|
subject: Registration confirmation - Yahoo! Wallet
content: Your Yahoo! Wallet has been created.
DO NOT REPLY TO THIS MESSAGE. SEE BELOW FOR
INSTRUCTIONS IF THERE IS A PROBLEM.
With Yahoo! Wallet, you can store your billing and shipping
information so you don't have to type it everytime you buy
something on Yahoo!
Your Yahoo! ID is: harrysarora
Your Email address: [email protected]
We will use this address to notify you of any changes
or updates made to your wallet account. If you
need to change this address or any of your wallet
information, go to:
http://wallet.yahoo.com/
and sign in with your Yahoo! ID and password.
If you have any other questions visit Wallet Help at:
http://help.yahoo.com/help/wallet/
Thank you for using Yahoo!
The Yahoo! Wallet Team
| ||
arora-h/inbox/saved_mail/28.
|
subject: RE: From PwC TLS-Harpreet Arora
content: Harry,
Please forward your completed return to my attention at:
1201 Louisiana Ste 2900
Houston, TX 77002
We will prepare your tax equalization calculation and forward to the
company for approval.
Many Thanks,
Julianne
"Arora, Harry" <[email protected]> on 04/11/2001 05:26:41 PM
To: Enron Houston IAS
cc:
Subject: RE: From PwC TLS-Harpreet Arora
I have already filed my tax returns. Give me a call if you want to
discuss further. Thanks.
Harry Arora
> -----Original Message-----
> From: <[email protected]>@ENRON
> [mailto:IMCEANOTES-+3Cassignee+2Enotification+40us+2Epwcglobal+2Ecom+3
> [email protected]]
> Sent: Tuesday, April 10, 2001 6:36 PM
> To: Arora, Harry
> Subject: From PwC TLS-Harpreet Arora
>
> Dear Harpreet
>
> The April 16 tax filing deadline is less than a week away, and
> according
> to our records, we show we have not yet received your completed tax
> data
> organizer. This note serves as confirmation that on your behalf we
> will
> request an extension of time to file your federal tax return. The
> extension will be automatically granted and the new due date for your
> tax
> return will be August 15, 2001.
>
> Please note, if you are currently residing overseas, your tax return
> is
> not due until June 15th. Should we require additional time to prepare
> your tax return, an extension will be requested at that time.
>
> State Extensions
> If you have an obligation to file a state tax return, YOU MUST notify
> us
> so we may prepare the state extension. We will not know whether
> individuals have state filing obligations without seeing their
> detailed
> tax information, so we ask that you please notify us of any needs for
> state extensions. Please send your state extension requests to:
> [email protected]. If we do not hear from you in
> this
> regard, we will file only a Federal extension request on your behalf.
>
> Please be assured that we will continue to very work hard to complete
> as
> many tax returns as possible in time for April 16 filing, but that any
> that are not completed will get federal extensions. If you have any
> questions, please do not hesitate to contact us.
>
> If you believe this note has been sent to you in error, please notify
> us
> as soon as possible.
>
> Best regards,
>
> The PwC Enron Team
>
> If you have any question, Please Contact :---
>
> Tax Contact, Enron
> Houston
> E-Mail Only
> [email protected]
>
>
----------------------------------------------------------------
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
| ||
arora-h/inbox/saved_mail/29.
|
subject: Profiles on "break-out" target customers
content: I have recently spoke with most of you about increasing our emphasis on structured product deal flow. Over the past 12 months, East Power mid-marketers have been focused on covering every customer across the eastern interconnect. Our deal flow through June 30, 2001 stands at 201 term transactions vs. 25 at the same time last year. That's an increase of 8 times. This represents outstanding performance. Many of those transactions have been relatively standard energy block and option structures. The proliferation of EOL among our customers has had the effect of shrinking standard product margins. Therefore, we need to increase emphasis on customized risk management products in order to optimize value extraction from our customer base.
We must identify 5 potential "break-out" customers within each of NEPOOL, NYISO, PJM, FRCC, SERC, SPP, MAPP, MAIN and ECAR. That's 45 total target customers for those counting. A break-out customer is a customer with which Enron executes substantial increased transaction flow (especially structured products) with significant associated origination value. I need both coverage and structured product mid-marketers to work as a team to do detailed profiles of the business of each of these customers. A non-exhaustive list of issues to analyze are:
- What is the customers fundamental business(es)
- Supply/demand fundamentals
- Tariff implications
- State regulatory implications
- Identify their risks
- RTO affiliation
- Open access issues
Profiles should be complete by Friday August 10. I will review completed profiles with each of you. We will develop custom risk management presentations for each of these customers for role out after the profiles are complete. I will be working with Harry Arora to develop presentation materials. Let me know if you have any questions.
Thanks, Ed
| ||
arora-h/inbox/saved_mail/3.
|
subject: Cancel Service
content: Alicia,
Thanks for your help and please cancel the following account effective 04/18/01:
Harry Arora
Cell #713-826-4620
Thanks for your help,
Tjae Black
Sr. Admin.
East Power Trading
713-853-5800
| ||
arora-h/inbox/saved_mail/30.
|
subject: plant capacities
content: Hey Harry,
Here are the hydro plant capacities for most of the regions. You can filter by region or sub-region to receive the plant capacities for that area.
Hope this helps out.
Andrew
| ||
arora-h/inbox/saved_mail/31.
|
subject: ClickAtHome Order Verification
content: The ClickAtHome Database shows that you have placed an order with Dell Computer with an order number of 613159912. Please read below for instructions:
1. If this is correct, enjoy your computer!
You can check your order status by clicking here:
http://wwwapp.us.dell.com/us/en/ordstat/index.asp
** For questions about your order/changes/problems,
call 1-866-220-3355 **
2. If you did NOT place an order with Dell for the ClickAtHome program,
please email [email protected] or call 713-895-9001 to report
the incorrect order on your behalf.
Thank you!
ClickAtHome Team!
| ||
arora-h/inbox/saved_mail/32.
|
subject: RE: Fund of Funds Managers in San Francisco
content: Hi again,
Just to clarify. The headquarters for Progress is in San Francisco.
However, their fund managers are all over the U S and a few outside the U S.
Ciao,
Iris
-----Original Message-----
From: Mack, Iris
Sent: Friday, July 20, 2001 8:58 AM
To: Arora, Harry
Cc: Gualy, Jaime
Subject: Fund of Funds Managers in San Francisco
Hi Harry,
Hope you had a good trip to New York and got lots of business from the hedge fund managers you met with.
Just an idea: I was chatting with Jaime about some friends of mine who are the founders and executives of Progress Investment Management (a "Fund of Funds" in San Francisco). The last time I chatted with them they had between 3-4 billion USD under management via various fund managers.
Some of their funds are invested in hedge funds and in venture capital funds.
Do you think it would be worthwhile to make their acquaintance regarding our products?
Thanx,
Iris
| ||
arora-h/inbox/saved_mail/33.
|
subject: pls send contact add
content: dear bhaiya
i was making a list of all my contact addresses in USA.could u pls send ur
complete address& ph/mobile.
i am scheduled to come to US on 25th.
regards
gautam
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
| ||
arora-h/inbox/saved_mail/34.
|
subject: rates for refi
content: Harry,
Sorry I did not call you back yesterday. I could not find your phone number to call you back.
30 year fixed today is at 6.75% 0 discount 1 origination
The arms have not been posted today. I will email the 3 and 5 year to you when I have them
Thanks
Chrysan Meyers
| ||
arora-h/inbox/saved_mail/35.
|
subject: RE: Trying again to send the Res
content: Hi Harry:
Wanted to give you our new contact information and touch base to see if
anything happened
on the John Lavo front
New address: 8035 North MacArthur Blvd. # 2140
Irving, TX 75063
Tel: (972) 910-9431
cell: (713) 443-9379
We had a chat with Sahjit and Preeti the other day. They said Uncle and
Aunty were planning
on being in Dallas sometime next week. Let me know the plans.
Cheers,
Gurmeet
"Arora, Harry" <[email protected]> (Mailed by: "Arora, Harry"
<[email protected]>)
08/01/2001 07:46 AM EST
To: Gurmeet X. Singh@Accenture
cc:
Subject: RE: Trying again to send the Res
This reads perfect. I forwarded it to John Lavorato earlier today. Will
be in touch
Harry
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Tuesday, July 31, 2001 5:08 PM
To: Arora, Harry
Subject: Trying again to send the Res
Harry,
Greetings from Washington, DC.
I am trying to resend the message. Somehow I didn't get the confirmed
delivery message.
Pardon me if you receive this twice.
-Gurmeet
Gurmeet X. Singh, chicago
07/31/2001 12:18 PM CDT
To: "Arora, Harry" <[email protected]>
cc:
Subject: RE: Hi, see attached
Hi Harry:
Thanks for your comments and suggestions. I think they are right on.
I actually spent a lot of time last night reshaping the resume. Couldn't
forward this to you this morning, somehow the remote connection
was not working.
Here is the new look. Let me know if this works.
I am in Reston, VA today and will be here till Thursday afternoon.
Let me know if you have any questions/suggestions.
Thanks a lot
Cheers,
Gurmeet
(See attached file: resume_singh_730_Enron.doc)
"Arora, Harry" <[email protected]> (Mailed by: "Arora, Harry"
<[email protected]>)
07/30/2001 02:40 PM EST
To: Gurmeet X. Singh@Accenture
cc:
Subject: RE: Hi, see attached
Gurmeet
I spoke to John Lavo who runs the Americas group. He wanted to have a
look at your resume. I was wondering if you could slant your resume to
energy somewhat further and make it punchier because this resume does
come out as a generalist resume. Also some price risk management
consulting (not the cost side but top line ) would be helpful.
Give me a call when you get a chance.
Harry
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Monday, July 30, 2001 3:04 AM
To: Arora, Harry
Subject: Hi, see attached
Hi Harry:
Didn't see you at the gurudwara yesterday. The planned Kirtan event
never
took place
so Uncle and Aunty didn't miss anything.
Just wanted to follow up and send you my resume, in case you need this
for
the meeting.
Let me know the next steps.
Thanks for your help
Cheers,
Gurmeet
(See attached file: resume_singh_Enron.doc)
This message is for the designated recipient only and may contain
privileged or confidential information. If you have received it in
error,
please notify the sender immediately and delete the original. Any other
use of the email by you is prohibited.
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at [email protected] and
delete
all copies of the message. This e-mail (and any attachments hereto) are
not
intended to be an offer (or an acceptance) and do not create or evidence
a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not
be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************
This message is for the designated recipient only and may contain
privileged or confidential information. If you have received it in
error,
please notify the sender immediately and delete the original. Any other
use of the email by you is prohibited.
This message is for the designated recipient only and may contain
privileged or confidential information. If you have received it in error,
please notify the sender immediately and delete the original. Any other
use of the email by you is prohibited.
| ||
arora-h/inbox/saved_mail/36.
|
subject: Hello from Harnek
content: Harry:
Long time no hear. I can imagine you must be pretty busy these days. So how
is the summer shaping up. Are u guys going on a vacation this last week
before the Fall term starts? Enron has been in the news quite a lot
recently. Jeff Skilling's leaving the company was quite a shocker.
As for me, I finally received my H1-B visa. As you know I am currently
living temporarily with my sister in NJ and am moving to Boston Sept 1. I
had a few questions to ask you and also take u up on your offer of helping
me with the GC processing.
1) Do I have to goto Vancouver to get my H1-B visa from the US consulate in
Vancouver. I had given my Vancouver address on my visa application and the
notice from INS says the the Vancouver consulate is the one that will
process my visa. I was wondering since I am in NJ, I could drive down to TO
or Ottawa easily.
2) Can you give me the contact details of the lawyer you used for the GC
under the E-11 category and also how much would she charge for the GC
application. Also what do i have to gather in terms of documents and also do
I have to get a letter from the employer?
Say my hello to your parents and Nicole. Hope to hear from you soon.
Harnek 'Nik' Minhas
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
| ||
arora-h/inbox/saved_mail/37.
|
subject: Formation of Enron Management Committee
content: I am pleased to announce the formation of the Enron Management Committee. The Management Committee comprises our business unit and function leadership and will focus on the key management, strategy, and policy issues facing Enron. The Management Committee will supplant the former Policy Committee and will include the following individuals:
Ken Lay - Chairman and CEO, Enron Corp.
Ray Bowen - COO, Enron Industrial Markets
Michael Brown - COO, Enron Europe
Rick Buy - Exec VP & Chief Risk Officer, Enron Corp.
Rick Causey - Exec VP & Chief Accounting Officer, Enron Corp.
Dave Delainey - Chairman and CEO, Enron Energy Services
Jim Derrick - Exec VP & General Counsel, Enron Corp.
Janet Dietrich - President, Enron Energy Services
Jim Fallon - President & CEO, Enron Broadband Services
Andy Fastow - Exec VP & CFO, Enron Corp.
Mark Frevert - Chairman & CEO, Enron Wholesale Services
Ben Glisan - Managing Director & Treasurer, Enron Corp.
Mark Haedicke - Managing Director & General Counsel, Enron Wholesale Services
Kevin Hannon - CEO, Enron Global Assets & Services
Stan Horton - Chairman & CEO, Enron Transportation Services
Jim Hughes - President & COO, Enron Global Assets & Services
Steve Kean - Exec. VP & Chief of Staff, Enron Corp.
Louise Kitchen - COO, Enron Americas
Mark Koenig - Exec VP, Investor Relations, Enron Corp.
John Lavorato - President & CEO, Enron Americas
Mike McConnell - President & CEO, Enron Global Markets
Jeff McMahon - President & CEO, Enron Industrial Markets
Jeff Shankman - COO, Enron Global Markets
John Sherriff - President & CEO, Enron Europe
Greg Whalley - President & COO, Enron Wholesale Services
After we convene the Management Committee later this week, I will make a further announcement regarding the Executive Committee.
|
All Enron Worldwide@ENRON <??SAll Enron Worldwide@ENRON>
|
|
arora-h/inbox/saved_mail/38.
|
subject: Heat Rate Pricing Model
content: Steve,
As per your request, here is a copy of the heat rate model that Nick Hiemstra (from structuring) and I have been debugging for the Motown deal.
Feel free to test it out on your trade and please let us know the comparative results.
Thanks,
Iris
| ||
arora-h/inbox/saved_mail/39.
|
subject: Real Estate Derivatives and Resume
content: Harry,
Thanks for taking some to talk today. Below is some marketing material that we have put together on real estate derivatives. Hopefully you'll be hearing more about this in the future. I also attached my resume. I am currently looking for a rotation and I know you guys are pretty set, but keep me in mind if things change.
Thanks,
Jeremy D. Buss
713-962-5561 cell
713-853-3851 office
| ||
arora-h/inbox/saved_mail/4.
|
subject: RE:
content: Dear Rajan,
Sat sri akal. I am pleased to inform you that to-day morning we declared
open GURUNANAK PRIMARY HEALTH CLINIC from the benevolent hands of Sant Ji
Baba Harbans Singh Jee Kar Sewa Wale. This all has been done with the main
initiative from your side. All the committee members send you the greetings
for this noble cause which was a major initiation from your side. God bless
you and wish that this gets good success and the people are benefitted . We
had called local MLA and other senior officails on this occasion . I will
send you the photographs taken on this occasionI am sure you would like
.There was a good gathering. One of the members from the people who had come
with Baba jee had mentioned that this is the beginning of a hospital or a
big clinic . We pray to Waheguru that your wishes and desires for the
upliftment bring good result and there is always a good initiation from
your side for such causes for the welfare of humankind. Our Sangat was also
very happy on this function. To-day is the birthday day of Khalsa and I send
you the best wishes for the same and my Congrat.
Mummy is taking medicines regularly . We had been to the doctor yesterday
and she said ,you continue is . Any service for me. With our lot of love and
best wishes for you and Nicole.
Please do give me a ring on the week end.Mohindar jee has laready left and
he has sent you his programme.
Mummy and Daddy
>From: [email protected]
>To: [email protected]
>Subject: RE:
>Date: Tue, 10 Apr 2001 17:40:54 -0500
>
>Good to hear from you. I am very happy to hear that mom is feeling
>better. Thats great. That was very much worrying to me. I am glad you and
>mom are getting regular about your daily walk.
>
>Things are going well here. Busy as usual. Nicole is recovering from her
>tooth surgery.
>
>It was very hot last week -as a matter of fact it was record temperatures
>in all of southern US - it was exceptionally hot for April. Other things
>are fine. Good luck on the clinic inaugration. Let me know how the clinic
>turnout (number of patients per day is coming out).
>
>Nothing more to report
>
>Love
>
>
>Rajan
>
>
>
>
>
> -----Original Message-----
> From: "Jagjit Singh" <[email protected]>@ENRON
>
>[mailto:IMCEANOTES-+22Jagjit+20Singh+22+20+3Cjsdang+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
>
>
> Sent: Tuesday, April 10, 2001 12:31 PM
> To: Arora, Harry
> Cc: [email protected]
> Subject:
>
> My dear Rajan,
> Sat sri Akal. I had sent you one message yesterday which I hope you
>must
> have read. We are perfectly ok. There was a power failure for minimum 5
> to 6
> times to-day and thre was some problem in the line as well. I had told
> Mr.
> Dang to advise you his programme which I am sure must have been
> done.Mummy
> had been to the doctor t0-day in the evening .As per her,she has some
> improvement. There was a good discussion with the doctor and she
>advised
> her
> to take this medicine regularly.Her problem will go. As advised you
> yesterday ,the weather is getting hot and hot and your instruments are
> very
> useful as they go on telling us the trend. Preparations are on way for
> the
> formal inauguration of the clinic from the hand of sant baba Harbans
> singh.
> Really for all these formalities ,you have torun and run. Things here
> don't
> go by phone. Rest is ok , Please do let me have your welfare. Any
> service
> for me . With lot of love to both of you from both of us.
> Mummy and Daddy
> _________________________________________________________________
> Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com
| ||
arora-h/inbox/saved_mail/40.
|
subject: Heat Rate option - update
content: Harry and Steve,
Couple of updates on the TVA tolls:
Please change the gas assumption to NYMEX + $.50/mmBtu (this adder is a fixed cost so it should not be affected by volatility)
Also, price the 200 MWs for a 3 year term starting 6/1/03 and the 500MWs for a 3 year term starting 1/1/02. Sorry for the confusion.
What kind of time frame do you see for providing an indicative offer for these two products?
Thanks.
- Nick
-----Original Message-----
From: Hiemstra, Nick
Sent: Wednesday, September 05, 2001 12:44 PM
To: Arora, Harry; Wang, Steve
Cc: Meyn, Jim
Subject: Heat Rate option
Harry,
Here are the inputs for the possible options we spoke with you about:
Power: Into TVA
Gas: TETCO-M1 + demand + commodity (see attached file for all-in gas price)
Heat Rate: 10,900 mmBtu/kWh
Variable O&M: $2.88/mWh
Minimum run: 8 hours
Run hours: 7x24
Term: 6/1/03-5/31/06, 1/1/02-12/31/04
Size: 200 MW, 500 MW
Please give us an indicative price. We have also priced this option using our spread option model.
Let me know if you have any questions or need more inputs.
- Nick
| ||
arora-h/inbox/saved_mail/41.
|
subject: FW: Resume for Gurmeet Singh
content: John
Did you ever get a chance to look at this resume. Real smart guy(is actually a Phd), worked a few years in strategy consulting. Great business sense. Would be great fit in any strategy work we do.
Harry
-----Original Message-----
From: Arora, Harry
Sent: Wednesday, August 01, 2001 7:46 AM
To: Lavorato, John
Subject: Resume for Gurmeet Singh
John
As discussed, find enclosed my friends' resume.
| ||
arora-h/inbox/saved_mail/42.
|
subject: New EOL Power Trader ID
content: Tara,
New EOL Power Trader ID for:
Hai Chen
Execute EOL US East Power Physical & Financial.
Global Trader ID # 113314
Please map accordingly.
Thank you,
CC
| ||
arora-h/inbox/saved_mail/43.
|
subject:
content: Respected Brother,
Sat sri akal. You must have gone through my e-mail sent to you on Saturday i.e. 1st September 2001.
I had been to Shalimarbagh on Saturday evening Mr. Kapoori does have ear problem and is under medical treatment .Otherwise he is taking care of house properly.
I met Gurmeet Singh. There have been two letters from DDA. One is for Harpreet Singh Arora regarding final payment of flat and taking possession.
Flat no. allotted is 6152/8 third floor, D-6, Vasant Kunj. This you may be aware as draw of lots of specific no was held on 23/10/2000. Amount to be paid is
If paid on or before 16/9/01 Rs. 25,114.00
- do- 16/10/01 Rs. 25,491.00
- do- 16/11/01 Rs. 25,868.00
I plan to deposit Rs. 25,114/- before 16/9/01, but would like to have your confirmation. Details of balance payment are as below.:
Cost of Flat Rs. 8,28,400.00
Amount returned for contongesies Rs. 3,175.00
- do- Rs. 6,532.00
Document Charges Rs. 75.00
Service Charges Rs. 4,223.00
Share money for membership Rs. 100.00
Total Cost Rs. 8,42,505.00
Less Amount paid Rs. 7,30,720.00
Deferment interest Rs. 28,350.00
on A/C of Late Construction Rs. 58,321.00
Rs. 8,17,391.00
Balance to be paid Rs. 25,114.00
There are couple of documents such as affidavits, undertaking, specimen signatures etc to be submitted. These documents are to be attested. These are to be submitted within 120 days from date of demand letter (17/8/01).
Besides , special power of attorney would be required in favour of person who is to take possession. Please let me know you want me to get these documents typed on stamped papers and send to Rajan or you would like to take action on return for documents and I deposit the money now.
Second mail is for you regarding free hold of the plot. These formalities you can do on return. I shall intimate DDA, you being away on overseas, action will be taken by you on your return to India some time in Nov. 2001.
Now I return to Dear Rajan,
How is it dear, No mail, no phone for such a long time. Looks you are too busy these days. Shall be pleased to know any latest development.
Mr. Ramiro G Vazquez Assistant Director Sales & Technical Services of "Merichem Chemical & Refinery Services" was here in India and was remembering you. He was again asking to tell you his interest for working with Enron. Then in his other official mail, he asked " did you speak to your nephew". Looks he is impressed with your talk for a few minutes.
I am sure you must be in regular touch with Ashoo. She likes and expects dear ones to remain in touch with her regularly.
She also now is becoming busy in her studies etc. When you plan to visit Dallas.
Rest all is O. K. your Aantie does remember you. How is Nicole.
So Barother, This year's Houston quota for stay is getting over. What is your programme for New Jersey. When you plan to leave for London and what is date of return to India. How is Bharjee jee our regards to her.
With regards,
Yours
(Mohinder Singh)
---
Techserve India Pvt. Ltd.
243, Kailash Hills,
New Delhi - 110 065,
Tel. - 91-11-6311608,6918079
Fax. -91-11-6918079
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.268 / Virus Database: 140 - Release Date: 8/7/01
| ||
arora-h/inbox/saved_mail/44.
|
subject: New NatGas Portfolios/Books
content: Stacy,
As per our conversation earlier this morning, please create 2 Natural Gas Enpower accounts/portfolios for myself and Rob Stalford.
-------------------------------------------------
Jaime Gualy Enpower Acct:
Username: jgualy
Password: jgualy
-------------------------------------------------
Robert Stalford Enpower Acct:
Username: rstalfor
Password: rstalfor
-------------------------------------------------
Any questions, please give me a call (3-0521).
Thanks,
Jaime E. Gualy
| ||
arora-h/inbox/saved_mail/45.
|
subject: Deanna's resume
content: Hi Harry,
I hope you had good weekend. The weather in College Station (for the Aggie football game) & Austin was beautiful & sunny. We never saw the rain.
I am sending you my resume for any contacts you may have within Enron or anyone else in the Industry. I am very interested in this industry in which I can utilize my communication, interpersonal skills and business experience. I posses strong leadership, motivation skills and long-term client relations that would be of great value to any organization. I am adept to working in a fast-pace environment and Team oriented group to reach company and personal objectives. I am keenly interested in making a strong contribution and commitment to a company in the energy industry and my decision to pursue my goals within energy. I would appreciate the opportunity to discuss my credentials with you or any contacts you may have in a personal interview. Please feel free to contact me at your earliest convenience.
I hope to see you & Nicole this Thursday night around 6:30. Thank you again for your help.
Deanna Hamrick
713-862-8641
| ||
arora-h/inbox/saved_mail/46.
|
subject: RE: Check this out ( please note my new cell number 214-755-4783
content: Hi Harry:
Let's try this, I will copy the contents here,
(Embedded image moved to file: pic14945.pcx)
How are things in New Jersey?
Satnam, my brother is probably going to use this as an excuse now!!!
"Arora, Harry"
<[email protected] To: Gurmeet X. Singh/Internal/Accenture@Accenture
m> cc:
Subject: RE: Check this out
09/20/2001 12:55 PM
Gurmeet
Cant opent this one - can you resend or copy it to some other format.
Thanks
Harry
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Tuesday, September 18, 2001 4:04 PM
To: Arora, Harry
Subject: Check this out
Hi Harry:
Just a quick note. I found this opening earlier on Enron's website.
Now I can't get to the particular page on the website, hence I am faxing
you the details.
Have a look and let me know if you think it makes sense to apply for
this.
I
Best wishes,
Gurmeet
This message is for the designated recipient only and may contain
privileged or confidential information. If you have received it in
error,
please notify the sender immediately and delete the original. Any other
use of the email by you is prohibited.
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at [email protected] and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************
This message is for the designated recipient only and may contain
privileged or confidential information. If you have received it in error,
please notify the sender immediately and delete the original. Any other
use of the email by you is prohibited.
| ||
arora-h/inbox/saved_mail/47.
|
subject: 2002 Plans
content: Attached is a current summary of the plans for each region as they stand right now. Mr Presto had me add an extra manager to each group, so that should be the only change--unless one was submitted by you. Please call if you have any questions.
Thanks
Trey Hardy
| ||
arora-h/inbox/saved_mail/48.
|
subject: Options
content: Iris,
Attached is a file originally prepared by Janelle Scheuer of the NE Origination group. Note that it summarises products from a fairly high-level perspective and focuses on end result to the customer.
This is being incorporated into a new Toolkit binder, along with a summary sheet which will be similar to the following examples:
Dave
<Embedded Microsoft Excel Worksheet>
| ||
arora-h/inbox/saved_mail/49.
|
subject: Prob Model
content: Harry,
Here is the model we talked about this moring. The sample is for weekly option, but it can also apply on monthly. Let me know if you have any question.
Thanks
Hai
| ||
arora-h/inbox/saved_mail/5.
|
subject: Internship preparation
content: Harry,
I hope all is going well in Houston. Thanks again for introducing me around
Enron when I cam to visit a couple months ago. Hopefully you heard that I
accepted the internship and will be starting on June 4th. I am very excited
about getting involved with Enron, learning as much as possible, and
hopefully contributing value to some interesting projects.
I am writing you for some advice. I do not know which group I will be
working in this summer. I am very excited about the company and would like
to perform well once I start. Is there something I could do to prepare
myself? I would like to begin reading and learning about the industry.
Unfortunately, Enron is involved in several industries, making it difficult
to know which to research. Do you have any suggestions?
I look forward to seeing you this summer.
Sincerely,
Vic
Vic Gatto
Owen School of Management
Vanderbilt Universtiy
(615) 292-7414
[email protected]
| ||
arora-h/inbox/saved_mail/50.
|
subject: FW: Enron Management Conference - Home Video Project
content: Any volunteers to take on this project?
-----Original Message-----
From: James, Terrie
Sent: Tuesday, September 25, 2001 12:35 PM
Subject: Enron Management Conference - Home Video Project
The Enron Management Conference will be held Wednesday through Friday, November 14-16, 2001, at the Westin La Cantera Resort in San Antonio. While the business agenda is still being finalized, there is one thing that is certain ... we want to inject some humor into the event. The past year has been eventful, and at times challenging, for Enron and its employees. However, it's not in Enron's corporate fabric to focus on the past. Instead, we want to look ahead, and even laugh at ourselves. The Management Conference will provide a platform for just that.
We want to challenge each of the business units to develop and submit a humorous "Home Video" to be presented at the Management Conference. The video can address any Enron-related topic that your business unit chooses. However, there are a few rules to follow.
1.) The videos should be no more than five minutes long.
2.) Business units should spend as little as possible on the videos, and no more than $10,000. Innovision Communications (Beth Stier) has agreed to work with any business unit to help them create an original, inexpensive video. Innovision can be contacted at 713-446-4424.
3.) The videos should be fun, but not disparaging. They should adhere to Enron's values of respect, integrity, communication and excellence.
4.) By Monday, October 15, business units need to notify me of their intention to submit a video. To avoid duplication, business units will also need to identify a topic they intend to address.
5.) To ensure inclusion in the Management Conference agenda, videos need to be submitted to me by Friday, November 9.
6.) Awards will be given for creativity and humor. The first annual, and soon-to-be-coveted, "Enny" will also be awarded for "Best Overall Video."
If you have any questions about the "Home Video" project, please contact myself or Mary Clark.
Terrie James
ph. 713-853-7727
[email protected]
Mary Clark
ph. 713-853-7325
[email protected]
Good luck and happy filming!
Terrie James
| ||
arora-h/inbox/saved_mail/51.
|
subject: Re: Resume - for your perusal
content: I would like to talk to this guy and have him meet with Phyllis and Ron.
Kalen - can you get him in here for an interview.
David W Delainey
10/04/2001 11:11 AM
To: Scott Gahn/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Sean A Holmes/HOU/EES@EES, Suresh Raghavan/HOU/EES@EES, Ozzie Pagan/HOU/EES@EES
cc: Kalen Pieper/HOU/EES@EES, Harry Arora/HOU/ECT
Subject: Resume - for your perusal
Fyi, action
Dave
---------------------- Forwarded by David W Delainey/HOU/EES on 10/04/2001 11:09 AM ---------------------------
From: Harry Arora/ENRON@enronXgate on 10/03/2001 05:01 PM
To: David W Delainey/HOU/EES@EES
cc:
Subject: Resume - for your perusal
Dave
One of my close friends is looking for a job. He has been in strategy consulting for the last four years, first for Mckinsey and then for Accenture. He is a very smart guy and has great business sense. I have known him for a long time, great guy and can get things done.
He is a business strategy and restructuing guru. Gurmeet had a baby and he is very keen in moving out of consulting. I am enclosing his resume here and I am going to take the liberty of asking him to give you a call. Will appreciate your taking a look.
Harry
| ||
arora-h/inbox/saved_mail/52.
|
subject: IOU
content: Hi Harry,
Thanks a lot for your help.
IOU big time buddy !!
Can you send me whenever you have time,
the titles, etc. of these people on
the email list,
or let me know where I can get it myself.
As suggested by Suresh, I emailed him
my current resume. He was planning on me
coming in and meeting 6-7 EES people.
I am also attaching my updated resume for your
records.
Talk to you soon. We are anyway visiting
Houston this weekend for Kavita's baby shower.
and will see you then.
cheers,
Gurmeet
| ||
arora-h/inbox/saved_mail/53.
|
subject: thanks
content: Thanks a lot Harry - Harpreet - I do appreciate the
time you have spent on sending me your answers.I can
understand your making the choices you made and they
were consciuos ones too. I can understand too coz i am
a punjabi too bu t not a sikh bu tI have a lot of sikh
friends and we talk of these things often - honestly!
You have been a great help
thanks again
All the best in whatever you pursue - i have made a
not and wil send you the results but it will probably
take a year of so to comlete this work - i intend to
write a book or a series of articles.
thanks
jytoi
--- "Arora, Harry" <[email protected]> wrote: >
It is a short form of my real name Harpreet. My
> colleagues at work in
> India use to call me Harry. I came to US to do my
> MBA and it started
> with this week long orientation. I went through
> introducing myself about
> 200 times in those 10 days and I realized into the
> second day how easy
> it would be to work with Harry than with Harpreet. I
> still go by
> Harrpeet on all records and feel that this works
> pretty good.
>
> I am a Sikh and when I came to US I used to wear a
> turban. I vividly
> remember interviewing with a turban for numerous
> finance jobs and doing
> very well but not getting any of those jobs. It was
> clear to me that
> wearing a turban and looking different would not be
> a kind of diversity
> this society could take. I saw it as discrimination
> and had no reason to
> put up with it. Also, I was personally asking a lot
> of bold questions
> of religion and belief and those converged well in
> me cutting my hair
> and not wearing a turban in my second year at
> school.
>
> Other than that, every now and then, you do come
> across people who you
> think have a bias. Its hard to find out whether the
> bias is you being an
> Indian or because they may not like you as a person.
> More often than not
> I do think people stereotype me so its harder to get
> good interactions
> in larger gatherings but once you know people better
> everything seems
> very normal.
> I also think I have been fortunate in working with
> people who are fair
> but do believe that there are lot of people out
> there who may not be so
> reasonable.
>
> On a separate note, I would like to have a look at
> the results of the
> study you are doing. So if you can send me a copy
> I'd appreciate it.
>
>
> Harry
>
>
>
> -----Original Message-----
> From: jyoti seth [mailto:[email protected]]
> Sent: Wednesday, October 03, 2001 5:24 PM
> To: Arora, Harry
> Subject: one mor e thing
>
>
> one more thing - Is Harry a short form of your
> original Indian name . ANy reason to do this.
> Also- have you felt any discrimination at work or
> socilly - subtle or overt! Anything that you
> remember-
> I s this discrimination real or percieved!
>
> I have taken the liberty of asking you more
> questions
> sinc e you seem to be someone who has thought about
> issues which encompas life here.
> thanks
> jyoti seth
>
>
>
>
>
>
>
>
>
>
>
>
>
> --- "Arora, Harry" <[email protected]> wrote: >
> Answers to your questions
> > A. Faster pace, more professional and stimulating.
> > Less autocratic style
> > compared to India. Business gets done and then you
> > move on.
> > B. Not really, more convenience is available in
> > terms of healthier food
> > outside, more facilities and possibilities in
> > sports and working out,
> > and more accessibility to art and leisure
> > activities. Far more
> > comfortable life for working family. ( Comments
> dont
> > apply to when you
> > have kids, have no experience, and hear that it is
> > harder)
> > C. Not really, contact and interaction is more on
> > your initiative than
> > forced. Nobody stops by, you have to meet up and
> > call and plan in
> > advance, which is quite different from India.
> > Availability of bars, pubs
> > and outdoor activities is far higher in this
> country
> > than back home
> > hence the possibilities for a person who takes
> > initiative to make
> > friends and ingratiate him/herself are huge.
> >
> > Comments : I have been here eight years and there
> > are three things I can
> > say with conviction.
> >
> > 1. Institutions - private and govt, are organized
> > with a clear sense of
> > purpose and make decisions and progress. Within
> the
> > debate and
> > differences, things move, changes are made and
> > action taken. On the
> > contrary in India, there is a lack of liquidity
> and
> > resources and
> > decisions never get made.
> >
> > 2. Honesty & truth in personal life is much
> higher.
> > There is
> > accompanying freedom. You do what you want to and
> > what is right for
> > you, and not what tradition or society tells you
> to
> > do. The result is a
> > variety of different vocations and things done and
> a
> > vibrant society. In
> > India, that is harder and unusual. There is little
> > faith beyond the
> > normal and initiative is killed too soon in life.
> > Cynicism rules and
> > corruption in personal and public life is abound.
> >
> > 3. The desire and means to fulfill life beyond
> > survival exists. It also
> > leads to a loss of purpose and hence many more
> > pyschological problems.
> > Many people feel no pleasure in the simple joys of
> > life because they are
> > too easy to come by. Equality in normal life is
> > huge (standard of
> > living is high for most people and moves up hardly
> > any as you become
> > more successful) and that leads to a feeling of
> > blah. That is what I
> > think is prosperity.
> >
> >
> > Hope that helps. If you can forward the original
> > questionnaire (I
> > already deleted mine) I will forward it to a
> couple
> > of my Indian
> > friends.
> >
> >
> >
> >
> > Harry
> >
> >
> >
> >
> >
> >
> > -----Original Message-----
> > From: jyoti seth [mailto:[email protected]]
> > Sent: Tuesday, October 02, 2001 4:27 PM
> > To: Arora, Harry
> > Subject: RE: thanks
> >
> >
> > Thank you very much for taking out time to fill in
> > this questionnaire.
> > A few more questions:
> > A) How do you compare the work enviorment in the
> US
> > with INdia
> > B) Do you tink that in some ways one has to work
> > more
> > at home too in hte US
>
=== message truncated ===
____________________________________________________________
Do You Yahoo!?
Send a newsletter, share photos & files, conduct polls, organize chat events. Visit http://in.groups.yahoo.com
| ||
arora-h/inbox/saved_mail/54.
|
subject: Enron Center South (ECS) Move Back-up Plan
content: A backup seat and a backup computer have been assigned to you. Please read this communication in detail.
Purpose: Net Works has developed a backup plan for possible work stoppages after moving to the new building. A wider business continuity plan will be rolled out next year.
Location: Large areas of the 30th and 31st floors of the current building, Enron Center North, will be set aside for recovery purposes. Your name has been put on the list and you will be notified once the seat assignments are finalized. Locations will also be posted at the entryways on the 30th and 31st floors.
Timing. Through November, backup seats assignments will be announced as each trading group moves to the new building. The backup seats will be available at least to January 1st.
Testing. Test times to try the backup PC and to familiarize yourself with your backup location will be announced by the IT team as the locations are finished.
Telephones. Only regular phones will be available. For those with speed dial phones, the IT team will download the numbers and leave them on a piece of paper at your seat assignment. Because the numbers change frequently, we ask that you rely on keeping track of the numbers yourself and use the number lists as a last resort.
Other supplies. The IT team is not responsible for non-technical or special needs. If you rely on hard copy forms, address books, etc, you will need to be sure to leave appropriate supplies when you test the computer, or bring supplies along if you are asked to move to your backup seat.
Limited Access. The backup floor is not meant as a backup day-to-day work environment. To keep the equipment functioning and secure, we plan to limit access except for test times and if we need to invoke the plan because of a work stoppage.
Escalation Procedures. The plan will be as follows:
I. During regular business hours
A. Announcement. You will be notified via the PA system if you need to move to the backup location.
-OR-
B. No Announcement. If an obvious problem like a fire or power shutdown occurs, for example, all personnel with a seat assignment will be expected to make their way to their backup seat without notification.
II. After hours
For after hours issues, greeters will announce the move to the backup location as people arrive to work. E-mails and voice mails will also be distributed.
| ||
arora-h/inbox/saved_mail/55.
|
subject: FW: RTO Week -- Summary of Day One Panel
content: .
-----Original Message-----
From: Novosel, Sarah
Sent: Monday, October 15, 2001 10:29 PM
To: Presto, Kevin M.; Davis, Mark Dana; May, Tom; Will, Lloyd; Lindberg, Susan; Gupta, Gautam; Misra, Narsimha; Scheuer, Janelle; Baughman, Edward D.; Herndon, Rogers
Cc: Nicolay, Christi L.
Subject: RTO Week -- Summary of Day One Panel
Today was the first day of FERC's "RTO Week" in Washington, D.C. The topic of today's panel was "RTO Markets and Design: Required Markets and Optional Markets." The issues in both panels were quickly merged and the two panels discussed all of the issues.
Panel One: Mandatory RTO Markets<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The morning panel consisted of the following participants: Peter Cramton (University of Maryland), David Hadley (Indiana PSC), Mark Kleinginna (Ormet), John Meyer (Reliant), John O'Neal (Mirant), and Roy Shanker (consultant for generators in the Northeast).
Energy Spot Market
There was unanimous agreement among these panelists that the RTO must run a real time energy, or spot, market. Most panelists agreed that the spot market should be a bid-based, security-constrained system with economic dispatch. In response to a question from Pat Wood, most also agreed that nodal (LMP) pricing should be used in the spot market, although John Meyer from Reliant stated that zonal pricing is used in ERCOT and that works also.
Day Ahead Market and Balanced Versus Unbalanced Schedules
Most of the panelists said that the RTO should not require balanced schedules. Peter Cramton said that with a day-ahead market, no need for balanced schedules because the real time market prices will discipline behavior. John Meyer agrees, saying if there is no balanced schedules requirement, then there might be a need for a day-ahead market. John notes that ERCOT has a balanced schedule requirement. John also said that imbalance penalties could be appropriate for imbalances that hurt the system. Roy Shanker also said FERC needs either a balanced schedules requirement (which he does not recommend) or have a day-ahead market.
ICAP Requirement
Most of the panelists (except Peter Cramton -- University of MD) support an ICAP requirement. However, none of the panelists could point to an effective ICAP market (Roy Shanker says he has an idea of what would work - we will probably see this in comments in the ICAP proceeding due later this week).
Mark from Ormet kept bringing the message back to the need to know the rules and know that the rules will not change substantially over time. Mark said liquidity in PJM does not help him move power to the Midwest since the rules are undefined outside of PJM. He cannot enter into long-term contracts because he does not know what the rules will be one or more years out. He also said you can have an ICAP market but market participants have to be able to meet ICAP requirements through load response.
Standardized Markets
Most of the panelists agreed that the mandatory markets should be real time and day-ahead energy markets, spinning and non-spinning reserves and regulation should also be required and be standardized.
Massey asked if the costs to standardize are outweighed by the benefits. Roy Shanker said the Northeast works so FERC should not change it. Even if FERC does not require standardization between the RTOs, creating large RTOs and fixing the problems within the RTOs will be a big improvement. Mark with Ormet and the Indiana Commissioner both urged FERC to standardize the mandatory markets among the RTOs.
Panel Two: Optional RTO Markets
The afternoon panel consisted of the following participants: Fiona Woolfe (lawyer with experience in England and Wales pool); Roy Thilly (Wisconsin Public Power Inc.); Richard Pierce (professor at George Washington); Glen Arthur (Connecticut PSC); Steve Naumann (Commonwealth Edison); Ed Cazalet (APX).
This panel was intended to cover optional market issues, including whether a day-ahead market is needed and whether there should be ICAP markets. This panel addressed these issues as well as the need for a real time market, market monitoring, and other issues.
Mandatory Markets
Other than Ed Cazalet (APX), the other panelists for the most part agree that the RTO should run a real time and day-ahead energy market, ancillary services markets, and there must be an ICAP requirement. Ed Cazalet believes that there only needs to be a small balancing market (perhaps with balanced schedules requirements) and leave the creation of any other markets to independent entities to create.
ICAP
Most of the panelists believe that the RTO should provide a day-ahead market, congestion management and ancillary services. Most also favor an ICAP requirement and market.
Pat Wood said he is not convinced that a blanket ICAP requirement is needed on Day One. He has been considering an ICAP requirement that does not apply until triggers are reached, and perhaps that should be considered here as well. He has also been talking with a Northeast regulator about having different requirements for states depending on whether they have retail access or not.
Shelton Cannon (Staff) asked the panelists to assume one Midwest RTO - can there be different ICAP requirements within the RTO? Most panelists agree that if the ICAP rules are the same within the RTO, that there could be percentage requirement deviations.
Day Two of RTO Week focuses on Congestion Management in the morning and Transmission Planning and Expansion in the afternoon. We will get summaries out on these panels tomorrow.
Please call me with questions or comments.
Sarah
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arora-h/inbox/saved_mail/56.
|
subject: Originator's Toolkit
content: Hi,
I'm working with Dave Forster to put together an Originator's Toolkit, that will contain a description of various products (many from Janelle's Product Descriptions) that the originators and mid marketers can offer customers. Since many of the products are option based I'd like to run the toolkit by you all to look over. I'd appreciate any comments. Also if there are any additional products that I should add please let me know.
Thanks,
Max
| ||
arora-h/inbox/saved_mail/57.
|
subject: Leaving Enron.....
content: All,
It has been my pleasure to work with you all in my wonderful years at Enron. I will be leaving Enron today. I wish you all continued success. Please feel free to contact me at the following email address:
[email protected]
Sincerely,
Ken
| ||
arora-h/inbox/saved_mail/58.
|
subject: Illinois Power Option Pricing
content: Harry,
I have enclosed the revised call option pricing with the vol. curves you requested for your review. If you have any questions, please feel free to call either Rahul or myself.
Thank you,
Karla
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arora-h/inbox/saved_mail/59.
|
subject: FW: Daily Power options
content: FYI. Any comments please let me know.
-----Original Message-----
From: Meredith, Kevin
Sent: Tuesday, October 23, 2001 2:45 PM
To: Gualy, Jaime
Cc: Walker, Chris
Subject: Daily Power options
Jaime,
Attached is the long descriptions for the put and call daily power options. Also on this document is the unit of measure and exercise information. The only thing we lack is the location description and the reference period, both of which will be inserted into the long description when the product is created. Let me know what you think.
Kevin Meredith
EnronOnline
(713) 853-9555
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arora-h/inbox/saved_mail/6.
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subject:
content: This is a good web site which has a decent explanation of the power markets and is also divided in chapters.
http://www.stoft.com/x/book/index.shtml
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arora-h/inbox/saved_mail/60.
|
subject: Re: FW: Resume - for your perusal
content: Hi Harry,
Thanks a lot buddy.
Here is my updated resume, for the industrial markets
potential opportunities you mentioned.
Let us chat on the weekend in detail if that
works for you.
Cheers,
Gurmeet
|
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