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Date: Wed, 7 Mar 2001 04:09:00 -0800 (PST)
From: phillip.allen@enron.com
To: rlehmann@yahoo.com
Subject:
Body:
Reagan,
Here is the cost estimate and proforma prepared by George and Larry. I am
faxing the site plan, elevation, and floor plans.
Phillip |
Date: Wed, 7 Mar 2001 02:36:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: RE: the stage
Body:
I just refaxed. Please confirm receipt |
Date: Wed, 7 Mar 2001 01:52:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: the stage
Body:
I faxed you the signed amendment. |
Date: Tue, 6 Mar 2001 10:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: djack@stic.net
Subject:
Body:
Daryl,
Here is the file that includes the proforma, unit costs, and comps. This
file was prepared by the builder/developer.
The architect that has begun to work on the project is Kipp Flores. They are
in Austin.
Thank you for your time this evening. Your comments were very helpful. I
appreciate you and Greg taking a look at this project.
Phillip Allen
pallen@enron.com
713-853-7041 |
Date: Tue, 6 Mar 2001 02:55:00 -0800 (PST)
From: phillip.allen@enron.com
To: al.pollard@enron.com
Subject: Re: MS 150
Body:
Al,
I was not going to do the MS this year. Thanks for the offer though.
All is well here. We went to Colorado last week and the kids learned to
ski. Work is same as always.
How are things going at New Power? Is there any potential?
Phillip |
Date: Tue, 6 Mar 2001 02:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject: FW: Cross Commodity
Body:
John,
Did you put Frank Hayden up to this? If this decision is up to me I would=
=20
consider authorizing Mike G., Frank E., Keith H. and myself to trade west=
=20
power. What do you think?
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/06/2001=
=20
10:48 AM ---------------------------
From: Frank Hayden/ENRON@enronXgate on 03/05/2001 09:27 AM CST
To: Phillip K Allen/HOU/ECT@ECT
cc: =20
Subject: FW: Cross Commodity
-----Original Message-----
From: Hayden, Frank =20
Sent: Friday, March 02, 2001 7:01 PM
To: Presto, Kevin; Zufferli, John; McKay, Jonathan; Belden, Tim; Shively,=
=20
Hunter; Neal, Scott; Martin, Thomas; Allen, Phillip; Arnold, John
Subject: Cross Commodity
Importance: High
I=01,ve been asked to provide an updated list on who is authorized to cross=
=20
trade what commodities/products. As soon as possible, please reply to this=
=20
email with the names of only the authorized =01&cross commodity=018 traders=
and=20
their respective commodities. (natural gas, crude, heat, gasoline, weather,=
=20
precip, coal, power, forex (list currency), etc..)
Thanks,
Frank
PS. Traders limited to one commodity do not need to be included on this lis=
t. |
Date: Mon, 5 Mar 2001 22:56:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject:
Body:
Cc: llewter@austin.rr.com
Bcc: llewter@austin.rr.com
George,
I am back in the office and ready to focus on the project. I still have
the concerns that I had last week. Specifically that the costs of our
project are too high. I have gathered more information that support my
concerns. Based on my research, I believe the project should cost around
$10.5 million. The components are as follows:
Unit Cost, Site work, &
builders profit($52/sf) $7.6 million
Land 1.15
Interim Financing .85
Common Areas .80
Total $10.4
Since Reagan's last 12 units are selling for around $190,000, I am unable
to get comfortable building a larger project at over $95,000/unit in costs.
Also, the comps used in the appraisal from Austin appear to be class A
properties. It seems unlikely that student housing in San Marcos can
produce the same rent or sales price. There should adjustments for
location and the seasonal nature of student rental property. I recognize
that Sagewood is currently performing at occupancy and $/foot rental rates
that are closer to the appraisal and your pro formas, however, we do not
believe that the market will sustain these levels on a permanent basis.
Supply will inevitablely increase to drive this market more in balance.
After the real estate expert from Houston reviewed the proforma and cost
estimates, his comments were that the appraisal is overly optimistic. He
feels that the permanent financing would potentially be around $9.8
million. We would not even be able to cover the interim financing.
Keith and I have reviewed the project thoroughly and are in agreement that
we cannot proceed with total cost estimates significantly above $10.5
million. We would like to have a conference call Tuesday afternoon to
discuss
alternatives.
Phillip |
Date: Mon, 16 Apr 2001 13:34:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: insurance - the stage
Body:
The insurance company is:
Central Insurance Agency, Inc
6000 N., Lamar
P.O. Box 15427
Austin, TX 78761-5427
Policy #CBI420478
Contact: Jeanette Peterson
(512)451-6551
The actual policy is signed by Vista Insurance Partners.
Please try and schedule the appraiser for sometime after 1 p.m. so my Dad can walk him around.
I will be out of town on Tuesday. What else do we need to get done before closing?
Phillip |
Date: Mon, 5 Mar 2001 07:21:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject:
Body:
Cc: llewter@austin.rr.com, jacquestc@aol.com
Bcc: llewter@austin.rr.com, jacquestc@aol.com
George,
I am back in the office and ready to focus on the project. I still have the
concerns that I had last week. Specifically that the costs of our project
are too high. I have gathered more information that support my concerns.
Based on my research, I believe the project should cost around $10.5
million. The components are as follows:
Unit Cost, Site work, &
builders profit($52/sf) $7.6 million
Land 1.15
Interim Financing .85
Common Areas .80
Total $10.4
Since Reagan's last 12 units are selling for around $190,000, I am unable to
get comfortable building a larger project at over $95,000/unit in costs.
Also, the comps used in the appraisal from Austin appear to be class A
properties. It seems unlikely that student housing in San Marcos can produce
the same rent or sales price. There should adjustments for location and the
seasonal nature of student rental property. I recognize that Sagewood is
currently performing at occupancy and $/foot rental rates that are closer to
the appraisal and your pro formas, however, we do not believe that the market
will sustain these levels on a permanent basis. Supply will inevitablely
increase to drive this market more in balance.
After the real estate expert from Houston reviewed the proforma and cost
estimates, his comments were that the appraisal is overly optimistic. He
feels that the permanent financing would potentially be around $9.8 million.
We would not even be able to cover the interim financing.
Keith and I have reviewed the project thoroughly and are in agreement that we
cannot proceed with total cost estimates significantly above $10.5 million.
We would like to have a conference call tomorrow to discuss alternatives.
Phillip
|
Date: Mon, 5 Mar 2001 05:54:00 -0800 (PST)
From: phillip.allen@enron.com
To: jim123@pdq.net
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/05/2001
01:59 PM ---------------------------
From: Phillip K Allen 03/05/2001 10:37 AM
To: jim123@pdq.net
cc:
Subject: |
Date: Mon, 5 Mar 2001 03:16:00 -0800 (PST)
From: phillip.allen@enron.com
To: angela.collins@enron.com
Subject: Re: Insight Hardware
Body:
I have not received the aircard 300 yet.
Phillip |
Date: Mon, 5 Mar 2001 01:38:00 -0800 (PST)
From: phillip.allen@enron.com
To: don.black@enron.com
Subject: Re: Producer Services
Body:
Don,
I was out last week. Regarding the Montana supply, you can refer them to
Mark Whitt in Denver.
Let me know when you want to have the other meeting.
Also, we frequently give out quotes to mid-marketers on Fred LaGrasta's desk
or Enron marketers in New York where the customer is EES. I don't understand
why your people don't contact the desk directly.
Phillip |
Date: Sun, 4 Mar 2001 23:05:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com
Subject: Re: Enron's March Basdeload Fixed price physical deals as of 2/27
Body:
/01 Attachment is free from viruses. Scan Mail
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/05/2001
07:10 AM ---------------------------
liane_kucher@mcgraw-hill.com on 02/28/2001 02:14:43 PM
To: Anne.Bike@enron.com
cc: Phillip.K.Allen@enron.com
Subject: Re: Enron's March Basdeload Fixed price physical deals as of 2/27
/01 Attachment is free from viruses. Scan Mail
Sorry, the deadline will have passed. Only Enron's deals through yesterday
will
be included in our survey.
Anne.Bike@enron.com on 02/28/2001 04:57:52 PM
To: Liane Kucher/Wash/Magnews@Magnews
cc:
Subject: Re: Enron's March Basdeload Fixed price physical deals as of 2/27
/01
Attachment is free from viruses. Scan Mail
We will send it out this evening after we Calc our books. Probably around
7:00 pm
Anne
liane_kucher@mcgraw-hill.com on 02/28/2001 01:43:44 PM
To: Anne.Bike@enron.com
cc:
Subject: Re: Enron's March Basdeload Fixed price physical deals as of 2/27
/01 Attachment is free from viruses. Scan Mail
Anne,
Are you planning to send today's bidweek deals soon? I just need to know
whether
to transfer everything to the data base.
Thanks,
Liane Kucher
202-383-2147 |
Date: Tue, 27 Feb 2001 00:58:00 -0800 (PST)
From: phillip.allen@enron.com
To: bnelson@situscos.com
Subject: San Marcos construction project
Body:
Please find attached the pro formas for the project in San Marcos.
Thanks again. |
Date: Sat, 24 Feb 2001 01:24:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here are few questions regarding the 2/16 rentroll:
#2 Has she actually paid the $150 deposit. Her move in date was 2/6. It is
not on any rentroll that I can see.
#9 Explain again what deposit and rent is transferring from #41 and when she
will start paying on #9
#15 Since he has been such a good tenant for so long. Stop trying to
collect the $95 in question.
#33 Missed rent. Are they still there?
#26 I see that she paid a deposit. But the file says she moved in on 1/30.
Has she ever paid rent? I can't find any on the last three deposits.
#44 Have the paid for February? There is no payment since the beginning of
the year.
#33 You email said they paid $140 on 1/30 plus $14 in late fees, but I don't
see that on the 1/26 or 2/2 deposit?
The last three questions add up to over $1200 in missing rent. I need you to
figure these out immediately.
I emailed you a new file for 2/23 and have attached the last three rentroll
in case you need to research these questions.
I will not be in the office next week. If I can get connected you might be
able to email me at pallen70@hotmail.com. Otherwise try and work with Gary
on pressing issues. If there is an emergency you can call me at 713-410-4679.
Phillip |
Date: Fri, 23 Feb 2001 08:24:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: Genesis Plant Tour
Body:
George,
I can take a day off the week I get back from vacation. Any day between
March 5th-9th would work but Friday or Thursday would be my preference.
Regarding the differences in the two estimates, I don't want to waste your
time explaining the differences if the 1st forecast was very rough. The
items I listed moved dramatically. Also, some of the questions were just
clarification of what was in a number.
Let's try and reach an agreement on the construction manager issue tomorrow
morning.
Phillip |
Date: Fri, 23 Feb 2001 07:01:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: RE: Comparison of Estimates
Body:
George,
The numbers on your fax don't agree to the first estimate that I am using.
Here are the two files I used.
Phillip |
Date: Fri, 23 Feb 2001 06:28:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Sagewood II
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/23/2001
02:27 PM ---------------------------
Andrew_M_Ozuna@bankone.com on 02/21/2001 07:28:47 AM
To: Phillip.K.Allen@enron.com
cc:
Subject: Sagewood II
Phillip -
George Richards asked that I drop you a line this morning to go over some
details on the San Marcos project.
1. First, do you know if I am to receive a personal financial statement from
Keith? I want to make sure my credit write-up includes all the principals in
the transaction.
2. Second, without the forward or take-out our typical Loan to Cost (LTC)
will
be in the range of 75% - 80%. The proposed Loan to Value of 75% is within the
acceptable range for a typical Multi-Family deal. Given the above pro-forma
performance on the Sagewood Townhomes, I am structuring the deal to my credit
officer as an 80% LTC. This, of course, is subject to the credit officer
signing off on the deal.
3. The Bank can not give dollar for dollar equity credit on the Developers
deferred profit. Typically, on past deals a 10% of total project budget as
deferred profit has been acceptable.
Thanks,
Andrew Ozuna
Real Estate Loan Officer
210-271-8386
## |
Date: Wed, 13 Dec 2000 07:04:00 -0800 (PST)
From: phillip.allen@enron.com
To: christi.nicolay@enron.com, james.steffes@enron.com, jeff.dasovich@enron.com,
joe.hartsoe@enron.com, mary.hain@enron.com, pallen@enron.com,
pkaufma@enron.com, richard.sanders@enron.com,
richard.shapiro@enron.com, stephanie.miller@enron.com,
steven.kean@enron.com, susan.mara@enron.com,
rebecca.cantrell@enron.com
Subject:
Body:
Attached are two files that illustrate the following:
As prices rose, supply increased and demand decreased. Now prices are
beginning to fall in response these market responses. |
Date: Fri, 23 Feb 2001 03:17:00 -0800 (PST)
From: phillip.allen@enron.com
To: barry.tycholiz@enron.com
Subject: New Generation Report for January 2001
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/23/2001
11:17 AM ---------------------------
From: Jeffrey Oh 02/02/2001 08:51 AM
To: Phillip K Allen/HOU/ECT@ECT, Julie A Gomez/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, David Parquet/SF/ECT@ECT,
ccalger@enron.com, Jim Buerkle/PDX/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT,
Jeffrey Oh/PDX/ECT@ECT, Todd Perry/PDX/ECT@ECT, Laird Dyer/SF/ECT@ECT,
Michael McDonald/SF/ECT@ECT, Ed Clark/PDX/ECT@ECT, Dave Fuller/PDX/ECT@ECT,
Alan Comnes/PDX/ECT@ECT, Michael Etringer/HOU/ECT@ECT, John
Malowney/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Jeff Shields/PDX/ECT@ECT
cc:
Subject: New Generation Report for January 2001 |
Date: Fri, 23 Feb 2001 03:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: Comparison of Estimates
Body:
You can fax it anytime. But I saved the spreadsheets from the previous
estimates. What will be different in the fax? |
Date: Thu, 22 Feb 2001 00:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com
Subject: Recession Scenario Impact on Power and Gas
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/22/2001
08:49 AM ---------------------------
Enron North America Corp.
From: Frank Hayden @ ENRON 02/21/2001 05:46 PM
To: Tim Belden/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, John J Lavorato/Corp/Enron, Louise Kitchen/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
cc:
Subject: Recession Scenario Impact on Power and Gas
Attached is a CERA presentation regarding recession impact. Feel free to
call in any listen to pre-recorded discussion on slides. (approx. 20mins)
CERA is forecasting some recession impact on Ca., but not enough to alleviate
problem.
Frank
Call in number 1-888-203-1112
Passcode: 647083# |
Date: Wed, 21 Feb 2001 08:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: SM134 Proforma2.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/21/2001
04:25 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 02/21/2001 06:32:15 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <LLEWTER@austin.rr.com>
Subject: SM134 Proforma2.xls
There have been some updates to the cost. The principal change is in the
addition of masonry on the front of the buildings, which I estimate will
costs at least $84,000 additional. Also, the trim material and labor costs
have been increased. I still believe that the total cost is more than
sufficient, but there will be additional updates.
The manager's unit is columns J-L, but the total is not included in the B&N
total of rentable units. Rather, the total cost for the manager's unit and
office is included as a lump sum under amenities. I may add this back in as
a rentable unit and delete is as an amenity.
The financing cost has been changed in that the cost of the permanent
mortgage has been deleted because we will not need to obtain this for the
construction loan approval, therefore, its cost will be absorbed when this
loan is obtained.
Based on either a loan equal to 75% of value or 80% of cost, the
construction profit should cover any equity required beyond the land.
George W. Richards
Creekside Builders, LLC
- SM134 Proforma2.xls |
Date: Wed, 21 Feb 2001 07:58:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: Weekly Status Meeting
Body:
Tomorrow is fine. Talk to you then.
Phillip |
Date: Wed, 21 Feb 2001 07:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Weekly Status Meeting
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/21/2001
03:57 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 02/21/2001 01:10:33 PM
Please respond to <cbpres@austin.rr.com>
To: "Keith Holst" <kholst@enron.com>, "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <LLEWTER@austin.rr.com>
Subject: Weekly Status Meeting
Phillip and Keith, this cold of mine is getting the better of me. Would it
be possible to reschedule our meeting for tomorrow? If so, please reply to
this e-mail with a time. I am open all day, but just need to get some rest
this afternoon.
George W. Richards
Creekside Builders, LLC |
Date: Wed, 21 Feb 2001 07:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: leander and the Stage
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/21/2001
03:57 PM ---------------------------
"Jeff Smith" <jsmith@austintx.com> on 02/21/2001 01:24:15 PM
To: <Phillip.K.Allen@enron.com>
cc:
Subject: leander and the Stage
Phillip,
I spoke with AMF's broker today, and they will be satisfied with the deal if
we can get the school to agree to limit the current land use restrictions to
the terms that are in the existing agreement. They do not want the school
to come back at a later date for something different. Doug Bell will meet
with a school official on Monday to see what their thoughts are about the
subject. It would be hard for them to change the current agreement, but AMF
wants something in writing to that effect. I spoke to AMF's attorney today,
and explained the situation. They are OK with deal if AMF is satisfied.
AMF's broker said that they will be ready to submit their site plan after
the March 29 hearing. We may close this deal in April.
The Stage is still on go. An assumption package has been sent to the buyer,
and I have overnighted a copy of the contract and a description of the
details to Wayne McCoy.
I will be gone Thurs. and Fri. of this week. I will be checking my
messages.
Jeff Smith
The Smith Company
2714 Bee Cave Road, Suite 100-D
Austin, Texas? 78746
512-732-0009
512-732-0010 fax
512-751-9728 mobile |
Date: Wed, 21 Feb 2001 07:37:00 -0800 (PST)
From: phillip.allen@enron.com
To: tara.piazze@enron.com
Subject: Daily California Call Moved to Weekly Call
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/21/2001
03:36 PM ---------------------------
From: James D Steffes@ENRON on 02/21/2001 12:07 PM CST
To: Alan Comnes/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Dan Leff/HOU/EES@EES,
David W Delainey/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Don
Black/HOU/EES@EES, Elizabeth Sager/HOU/ECT@ECT, Elizabeth Tilney/HOU/EES@EES,
Eric Thode/Corp/Enron@ENRON, Gordon Savage/HOU/EES@EES, Greg
Wolfe/HOU/ECT@ECT, Harry Kingerski/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES,
Jeff Dasovich/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Keith Holst/HOU/ECT@ect, Kristin
Walsh/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Louise Kitchen/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron, mday@gmssr.com, Mark
Palmer/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Mary Hain/HOU/ECT@ECT,
Michael Tribolet/Corp/Enron@Enron, Mike D Smith/HOU/EES@EES, Mike
Grigsby/HOU/ECT@ECT, Neil Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Robert Johnston/HOU/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Shelley
Corman/Enron@EnronXGate, Steve C Hall/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Susan J Mara/NA/Enron, Tim Belden/HOU/ECT@ECT,
Tom Briggs/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance
Meyer/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wendy Conwell/NA/Enron@ENRON,
William S Bradford/HOU/ECT@ECT, Tara Piazze/NA/Enron@ENRON
cc:
Subject: Daily California Call Moved to Weekly Call
As a reminder, the daily call on California has ended.
We will now have a single weekly call on Monday at 10:30 am Houston time.
Updates will be provided through e-mail as required.
Jim Steffes |
Date: Wed, 21 Feb 2001 07:31:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: SM134 Proforma2.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/21/2001
03:30 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 02/21/2001 06:32:15 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <LLEWTER@austin.rr.com>
Subject: SM134 Proforma2.xls
There have been some updates to the cost. The principal change is in the
addition of masonry on the front of the buildings, which I estimate will
costs at least $84,000 additional. Also, the trim material and labor costs
have been increased. I still believe that the total cost is more than
sufficient, but there will be additional updates.
The manager's unit is columns J-L, but the total is not included in the B&N
total of rentable units. Rather, the total cost for the manager's unit and
office is included as a lump sum under amenities. I may add this back in as
a rentable unit and delete is as an amenity.
The financing cost has been changed in that the cost of the permanent
mortgage has been deleted because we will not need to obtain this for the
construction loan approval, therefore, its cost will be absorbed when this
loan is obtained.
Based on either a loan equal to 75% of value or 80% of cost, the
construction profit should cover any equity required beyond the land.
George W. Richards
Creekside Builders, LLC
- SM134 Proforma2.xls |
Date: Wed, 21 Feb 2001 07:22:00 -0800 (PST)
From: ina.rangel@enron.com
To: john.lavorato@enron.com
Subject:
Body:
John,
Does next Thursday at 3pm fit your schedule to go over the rockies
forecasts? I will set up a room with Kim.
Here are some suggestions for projects for Colleen:
1. Review and document systems and processes - The handoffs from ERMS,
TAGG, Unify, Sitara and other systems are not clearly understood by all the
parties trying to make improvements. I think I understand ERMS and
TAGG but the issues facing
scheduling in Unify are grey.
2. Review and audit complex deals- Under the "assume it is messed up"
policy, existing deals could use a review and the booking of new deals need
further scrutiny.
3. Review risk books- Is Enron accurately accounting for physical
imbalances, transport fuel, park and loan transactions?
4. Lead trading track program- Recruit, oversee rotations, design training
courses, review progress and make cuts.
5. Fundamentals- Liason between trading and analysts. Are we looking at
everything we should? Putting a person with a trading mentality should add
some value and direction to the group.
In fact there is so much work she could do that you probably need a second MD
to work part time to get it done.
Phillip |
Date: Wed, 13 Dec 2000 03:28:00 -0800 (PST)
From: phillip.allen@enron.com
To: scott.tholan@enron.com
Subject: Enron Response to San Diego Request for Gas Price Caps
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/13/2000
11:28 AM ---------------------------
From: Sarah Novosel@ENRON on 12/13/2000 10:17 AM CST
To: James D Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Richard B
Sanders/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, pkaufma@enron.com,
pallen@enron.com
cc:
Subject: Enron Response to San Diego Request for Gas Price Caps
Please review the attached draft Enron comments in response to the San Diego
request for natural gas price caps. The comments reflect Becky Cantrell's
comments (which are reflected in red line). Please respond to me as soon as
possible with your comments, and please pass it on to anyone else who needs
to see it.
Thanks
Sarah |
Date: Wed, 21 Feb 2001 03:05:00 -0800 (PST)
From: phillip.allen@enron.com
To: body.shop@enron.com
Subject: Re: FW: Change in the agroup Cycling Schedule
Body:
The spinning bikes are so much better than the life cycles. Would you
consider placing several spinning bikes out with the other exercise equipment
and running a spinning video on the TV's. I think the equipment would be
used much more. Members could just jump on a bike and follow the video any
time of day.
Let me know if this is possible.
Phillip Allen
X37041 |
Date: Tue, 20 Feb 2001 23:04:00 -0800 (PST)
From: phillip.allen@enron.com
To: jacquestc@aol.com
Subject: Re: General Issues
Body:
That would we very helpful.
Thanks,
Phillip |
Date: Tue, 20 Feb 2001 23:02:00 -0800 (PST)
From: phillip.allen@enron.com
To: frank.hayden@enron.com
Subject: Re:
Body:
yes please |
Date: Tue, 20 Feb 2001 04:20:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/20/2001
12:11 PM ---------------------------
From: Phillip K Allen 02/15/2001 01:13 PM
To: stagecoachmama@hotmail.com
cc:
Subject:
Lucy,
Thanks for clearing up the 2/2 file. Moving on to 2/9, here are some
questions:
#1 It looks like he just missed 1/26&2/9 of $110. I can't tell if he still
owes $47 on his deposit.
#13 I show she missed rent on 1/26 and still owes $140.
#15 Try and follow up with Tomas about the $95. Hopefully, he won't have a
bad reaction.
#20b Missed rent?
#26 Has she paid any deposit or rent?
#27 Missed rent? |
Date: Tue, 20 Feb 2001 04:08:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/20/2001
11:59 AM ---------------------------
From: Phillip K Allen 02/15/2001 01:13 PM
To: stagecoachmama@hotmail.com
cc:
Subject:
Lucy,
Thanks for clearing up the 2/2 file. Moving on to 2/9, here are some
questions:
#1 It looks like he just missed 1/26&2/9 of $110. I can't tell if he still
owes $47 on his deposit.
#13 I show she missed rent on 1/26 and still owes $140.
#15 Try and follow up with Tomas about the $95. Hopefully, he won't have a
bad reaction.
#20b Missed rent?
#26 Has she paid any deposit or rent?
#27 Missed rent? |
Date: Tue, 20 Feb 2001 01:38:00 -0800 (PST)
From: phillip.allen@enron.com
To: jacquestc@aol.com
Subject: Re: General Issues
Body:
Jaques,
After meeting with George and Larry, it was clear that we have different
definitions of cost and profit. Their version includes the salary of a
superintendent and a junior superintendent as hard costs equivalent to third
party subs and materials. Then there is a layer of "construction management"
fees of 10%. There are some small incidental cost that they listed would be
paid out of this money. But I think the majority of it is profit. Finally
the builders profit of 1.4 million.
Keith and I were not sure whether we would be open to paying the supers out
of the cost or having them be paid out of the builders profit. After all, if
they are the builders why does there need to be two additional supervisors?
We were definitely not intending to insert an additional 10% fee in addition
to the superintendent costs. George claims that all of these costs have been
in the cost estimates that we have been using. I reviewed the estimates and
the superintendents are listed but I don't think the construction management
fee is included.
George gave me some contracts that show how these fees are standard. I will
review and let you know what I think.
The GP issues don't seem to be a point of contention. They are agreeable to
the 3 out 4 approval process.
Let me know if you have opinions or sources that I can use to push for only
true costs + 1.4 million.
Phillip |
Date: Tue, 20 Feb 2001 01:09:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: DRAW2.xls
Body:
George,
Please send the latest cost estimates when you get a chance this morning.
Phillip |
Date: Tue, 20 Feb 2001 00:46:00 -0800 (PST)
From: phillip.allen@enron.com
To: jeanie.slone@enron.com
Subject:
Body:
Cc: john.lavorato@enron.com
Bcc: john.lavorato@enron.com
Jeanie,
Lavorato called me into his office to question me about my inquiries into
part time. Nice confidentiality. Since I have already gotten the grief, it
would be nice to get some useful information. What did you find out about
part time, leave of absences, and sabbaticals? My interest is for 2002.
Phillip |
Date: Sun, 18 Feb 2001 11:52:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: DRAW2.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/18/2001
07:44 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 02/15/2001 05:23:35 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <LLEWTER@austin.rr.com>
Subject: DRAW2.xls
Enclosed is a copy of one of the draws submitted to Bank One for a prior
job.
George W. Richards
Creekside Builders, LLC
- DRAW2.xls |
Date: Sun, 18 Feb 2001 11:50:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: RE:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/18/2001
07:42 PM ---------------------------
"Jeff Smith" <jsmith@austintx.com> on 02/16/2001 07:24:59 AM
To: <Phillip.K.Allen@enron.com>
cc:
Subject: RE:
Here is what you need to bring.
Updated rent roll
Inventory of all personal property including window units.
Copies of all leases ( we can make these available at the office)
A copy of the note and deed of trust
Any service, maintenance and management agreements
Any environmental studies?
> -----Original Message-----
> From: Phillip.K.Allen@enron.com [mailto:Phillip.K.Allen@enron.com]
> Sent: Friday, February 16, 2001 8:53 AM
> To: jsmith@austintx.com
> Subject: RE:
>
>
> Jeff,
>
> Here is the application from SPB. I guess they want to use the same form
> as a new loan application. I have a call in to Lee O'Donnell to try to
> find out if there is a shorter form. What do I need to be
> providing to the
> buyer according to the contract. I was planning on bringing a copy of the
> survey and a rentroll including deposits on Monday. Please let me know
> this morning what else I should be putting together.
>
>
> Phillip
>
>
> ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/16/2001
> 08:47 AM ---------------------------
>
>
> "O'Donnell, Lee (SPB)" <LODonnell@spbank.com> on 02/15/2001 05:36:08 PM
>
> To: "'Phillip.K.Allen@enron.com'" <Phillip.K.Allen@enron.com>
> cc:
> Subject: RE:
>
>
> I was told that you were faxed the loan application. I will send
> attachment
> for a backup. Also, you will need to provide a current rent roll and 1999
> &
> 2000 operating history (income & expense).
>
> Call me if you need some help.
>
> Thanks
>
> Lee O'Donnell
>
> -----Original Message-----
> From: Phillip.K.Allen@enron.com [mailto:Phillip.K.Allen@enron.com]
> Sent: Thursday, February 15, 2001 11:34 AM
> To: lodonnell@spbank.com
> Subject:
>
>
> Lee,
>
> My fax number is 713-646-2391. Please fax me a loan application
> that I can
> pass on to the buyer.
>
> Phillip Allen
> pallen@enron.com
> 713-853-7041
>
>
> (See attached file: Copy of Loan App.tif)
> (See attached file: Copy of Multifamily forms)
>
> |
Date: Wed, 9 May 2001 17:13:00 -0700 (PDT)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject: Re:
Body:
The west desk would like 2 analysts. |
Date: Tue, 12 Dec 2000 04:03:00 -0800 (PST)
From: phillip.allen@enron.com
To: christi.nicolay@enron.com
Subject: Talking points about California Gas market
Body:
Christy,
I read these points and they definitely need some touch up. I don't
understand why we need to give our commentary on why prices are so high in
California. This subject has already gotten so much press.
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/12/2000
12:01 PM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 11:56 AM CST
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
cc:
Subject: Talking points about California Gas market
Here is my stab at the talking points to be sent in to FERC along with the
gas pricing info they requested for the California markets. Let me or
Christi know if you have any disagreements, additions, whatever. I am
supposed to be out of here at 2:15 today, so if you have stuff to add after
that, get it to Christi. Thanks. |
Date: Sat, 17 Feb 2001 06:18:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: MAI Appraisal
Body:
I would like to have a copy of the appraisal. See you Monday at 2.
Phillip |
Date: Fri, 16 Feb 2001 02:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: andrew_m_ozuna@mail.bankone.com
Subject:
Body:
Andrew,
Here is an asset statement. I will mail my 98 & 99 Tax returns plus a 2000
W2. Is this sufficient?
Phillip Allen
713-853-7041 wk
713-463-8626 home |
Date: Fri, 16 Feb 2001 01:48:00 -0800 (PST)
From: phillip.allen@enron.com
To: lodonnell@spbank.com
Subject: RE:
Body:
Lee,
Can you provide me with a copy of the original loan and a copy of the
original appraisal.
My fax number is 713-646-2391
Mailing address: 8855 Merlin Ct, Houston, TX 77055
Thank you,
Phillip Allen |
Date: Fri, 16 Feb 2001 00:52:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: RE:
Body:
Jeff,
Here is the application from SPB. I guess they want to use the same form as
a new loan application. I have a call in to Lee O'Donnell to try to find out
if there is a shorter form. What do I need to be providing to the buyer
according to the contract. I was planning on bringing a copy of the survey
and a rentroll including deposits on Monday. Please let me know this morning
what else I should be putting together.
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/16/2001
08:47 AM ---------------------------
"O'Donnell, Lee (SPB)" <LODonnell@spbank.com> on 02/15/2001 05:36:08 PM
To: "'Phillip.K.Allen@enron.com'" <Phillip.K.Allen@enron.com>
cc:
Subject: RE:
I was told that you were faxed the loan application. I will send attachment
for a backup. Also, you will need to provide a current rent roll and 1999 &
2000 operating history (income & expense).
Call me if you need some help.
Thanks
Lee O'Donnell
-----Original Message-----
From: Phillip.K.Allen@enron.com [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, February 15, 2001 11:34 AM
To: lodonnell@spbank.com
Subject:
Lee,
My fax number is 713-646-2391. Please fax me a loan application that I can
pass on to the buyer.
Phillip Allen
pallen@enron.com
713-853-7041
- Copy of Loan App.tif
- Copy of Multifamily forms |
Date: Thu, 15 Feb 2001 07:58:00 -0800 (PST)
From: phillip.allen@enron.com
To: johnny.palmer@enron.com
Subject:
Body:
Forward Reg Dickson's resume to Ted Bland for consideration for the trading
track program. He is overqualified and I'm sure too expensive to fill the
scheduling position I have available. I will work with Cournie Parker to
evaluate the other resumes.
Phillip |
Date: Thu, 15 Feb 2001 07:13:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Thanks for clearing up the 2/2 file. Moving on to 2/9, here are some
questions:
#1 It looks like he just missed 1/26&2/9 of $110. I can't tell if he still
owes $47 on his deposit.
#13 I show she missed rent on 1/26 and still owes $140.
#15 Try and follow up with Tomas about the $95. Hopefully, he won't have a
bad reaction.
#20b Missed rent?
#26 Has she paid any deposit or rent?
#27 Missed rent? |
Date: Thu, 15 Feb 2001 05:33:00 -0800 (PST)
From: phillip.allen@enron.com
To: lodonnell@spbank.com
Subject:
Body:
Lee,
My fax number is 713-646-2391. Please fax me a loan application that I can
pass on to the buyer.
Phillip Allen
pallen@enron.com
713-853-7041 |
Date: Thu, 15 Feb 2001 05:30:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is the 2/2 rentroll. The total does not equal the bank deposit. Your
earlier response answered the questions for #3,11,15,20a, and 35.
But the deposit was $495 more than the rentroll adds up to. If the answer to
this question lies in apartment 1,13, and 14, can you update this file and
send it back.
Now I am going to work on a rentroll for this Friday. I will probably send
you some questions about the 2/9 rentroll. Let's get this stuff clean today.
Phillip |
Date: Wed, 14 Feb 2001 03:04:00 -0800 (PST)
From: phillip.allen@enron.com
To: stouchstone@natsource.com
Subject: Re:
Body:
no. I am on msn messenger. |
Date: Wed, 14 Feb 2001 00:24:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com
Subject: CERA Analysis - California
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/14/2001
08:23 AM ---------------------------
Robert Neustaedter@ENRON_DEVELOPMENT
02/13/2001 02:51 PM
To: Alan Comnes/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES, David W
Delainey/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES,
Elizabeth Sager/HOU/ECT@ECT, Elizabeth Tilney/HOU/EES@EES, Eric
Thode/Corp/Enron@ENRON, Gordon Savage/HOU/EES@EES, Greg Wolfe/HOU/ECT@ECT,
Harry Kingerski/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, JKLAUBER@LLGM.COM, Joe
Hartsoe/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Keith Holst/HOU/ECT@ect, Kristin
Walsh/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Marcia A Linton/NA/Enron@Enron, Mary
Schoen/NA/Enron@Enron, mday@gmssr.com, Margaret Carson/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Mary Hain/HOU/ECT@ECT,
Michael Tribolet/Corp/Enron@Enron, Mike D Smith/HOU/EES@EES, mday@gmssr.com,
Mike Grigsby/HOU/ECT@ECT, Neil Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron,
Robert Johnston/HOU/ECT@ECT, Sandra McCubbin/NA/Enron@Enron, Scott
Stoness/HOU/EES@EES, Shelley Corman/Enron@EnronXGate, Steve C
Hall/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tom
Briggs/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance
Meyer/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron
cc:
Subject: CERA Analysis - California
As discussed in the California conference call this morning, I have prepared
a bullet-point summary of the CERA Special Report titled Beyond the
California Power Crisis: Impact, Solutions, and Lessons.If you have any
questions, my phone number is 713 853-3170.
Robert |
Date: Mon, 11 Dec 2000 06:10:00 -0800 (PST)
From: phillip.allen@enron.com
To: muller@thedoghousemail.com
Subject: Re: (No Subject)
Body:
Greg,
The kids are into typical toys and games. Justin likes power
ranger stuff. Kelsey really likes art. Books would also be good.
We are spending Christmas in Houston with Heather's sister. We
are planning to come to San Marcos for New Years.
How long will you stay? what are your plans? Email me with
latest happenings with you in the big city.
keith |
Date: Tue, 13 Feb 2001 05:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: tim.belden@enron.com
Subject: Re: Great Web Site
Body:
Thanks for the website. |
Date: Tue, 13 Feb 2001 05:44:00 -0800 (PST)
From: phillip.allen@enron.com
To: colleen.sullivan@enron.com
Subject: Re: EXTRINSIC VALUE WORKSHEET
Body:
Colleen,
I checked the transport model and found the following extrinsic values on
January 2nd versus February 11:
1/2 2/11
Stanfield to Malin 209 81
SJ/Perm. to Socal 896 251
Sj to Socal 2747 768
PGE/Top to Citygate 51 3
PGE/Top to KRS 16 4
SJ to Valero 916 927
If these numbers are correct, then we haven't increased the extrinsic value
since the beginning of the year. Can you confirm that I am looking at the
right numbers?
Phillip |
Date: Mon, 12 Feb 2001 04:18:00 -0800 (PST)
From: phillip.allen@enron.com
To: mark.whitt@enron.com
Subject: Re: AEC Volumes at OPAL
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/12/2001
12:18 PM ---------------------------
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re: AEC Volumes at OPAL |
Date: Mon, 12 Feb 2001 03:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: frank.ermis@enron.com
Subject: AEC Volumes at OPAL
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/12/2001
11:57 AM ---------------------------
From: Mark Whitt@ENRON on 02/08/2001 03:44 PM MST
Sent by: Mark Whitt@ENRON
To: Phillip K Allen/HOU/ECT@ECT
cc: Barry Tycholiz/NA/Enron@ENRON, Paul T Lucci/NA/Enron@Enron
Subject: AEC Volumes at OPAL
Phillip these are the volumes that AEC is considering selling at Opal over
the next five years. The structure they are looking for is a firm physical
sale at a NYMEX related price. There is a very good chance that they will do
this all with one party. We are definitely being considered as that party.
Given what we have seen in the marketplace they may be one of the few
producers willing to sell long dated physical gas for size into Kern River.
What would be your bid for this gas?
----- Forwarded by Mark Whitt/NA/Enron on 02/08/2001 03:13 PM -----
Tyrell Harrison@ECT
Sent by: Tyrell Harrison@ECT
02/08/2001 03:12 PM
To: Mark Whitt/NA/Enron@Enron
cc:
Subject: AEC Volumes at OPAL |
Date: Mon, 12 Feb 2001 03:09:00 -0800 (PST)
From: phillip.allen@enron.com
To: frank.ermis@enron.com
Subject: California Gas Demand Growth
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/12/2001
11:09 AM ---------------------------
From: Mark Whitt@ENRON on 02/09/2001 03:38 PM MST
Sent by: Mark Whitt@ENRON
To: Barry Tycholiz/NA/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Mike
Grigsby/HOU/ECT@ECT, Paul T Lucci/NA/Enron@Enron, Kim Ward/HOU/ECT@ECT,
Stephanie Miller/Corp/Enron@ENRON
cc:
Subject: California Gas Demand Growth
This should probably be researched further. If they can really build this
many plants it could have a huge impact on the Cal border basis. Obviously
it is dependent on what capacity is added on Kern, PGT and TW but it is hard
to envision enough subscriptions to meet this demand. Even if it is
subscribed it will take 18 months to 2 years to build new pipe therefore the
El Paso 1.2 Bcf/d could be even more valuable.
Mark
----- Forwarded by Mark Whitt/NA/Enron on 02/09/2001 03:04 PM -----
Tyrell Harrison@ECT
Sent by: Tyrell Harrison@ECT
02/09/2001 09:26 AM
To: Barry Tycholiz/NA/Enron@ENRON, Mark Whitt/NA/Enron@Enron, Paul T
Lucci/NA/Enron@Enron, Kim Ward/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: California Gas Demand Growth
If you wish to run sensitivities to heat rate and daily dispatch, I have
attached the spreadsheet below.
Tyrell
303 575 6478 |
Date: Fri, 9 Feb 2001 06:05:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is a draft of a memo we should distribute to the units that are subject
to caps. I wrote it as if it were from you. It should come from the manager.
It is very important that we tell new tenants what the utility cap for there
unit is when they move in. This needs to be written in on their lease.
When you have to talk to a tenant complaining about the overages emphasize
that it is only during the peak months and it is already warming up.
Have my Dad read the memo before you put it out. You guys can make changes
if you need to.
Next week we need to take inventory of all air conditioners and
refrigerators. We have to get this done next week. I will email you a form
to use to record serial numbers. The prospective buyers want this
information plus we need it for our records. Something to look forward to.
It is 2 PM and I have to leave the office. Please have my Dad call me with
the information about the units at home 713-463-8626. He will know what I
mean.
Talk to you later,
Phillip |
Date: Fri, 9 Feb 2001 01:27:00 -0800 (PST)
From: phillip.allen@enron.com
To: gallen@thermon.com
Subject: the stage
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/09/2001
09:26 AM ---------------------------
"Jeff Smith" <jsmith@austintx.com> on 02/08/2001 07:08:03 PM
To: <Phillip.K.Allen@enron.com>
cc:
Subject: the stage
I am sending the Dr. a contract for Monday delivery. He is offering
$739,000 with $73,900 down.
He wants us to finish the work on the units that are being renovated now.
We need to specify those units in the contract. We also need to specify the
units that have not been remodeled. I think he will be a good buyer. He is
a local with plenty of cash. Call me after you get this message.
Jeff Smith
The Smith Company
2714 Bee Cave Road, Suite 100-D
Austin, Texas? 78746
512-732-0009
512-732-0010 fax
512-751-9728 mobile |
Date: Thu, 8 Feb 2001 23:21:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is the rentroll for this Friday. Sorry it is so late.
There are a few problems with the rentroll from 2/2.
1. I know you mentioned the deposit would be 5360.65 which is what the bank
is showing, but the rentroll only adds up to 4865. The missing money on the
spreadsheet is probably the answer to my other questions below.
2. #1 Did he pay the rent he missed on 1/26?
3. #3 Did he miss rent on 1/26 and 2/2?
4. #11 Missed on 2/2?
5. #13 Missed on 1/26?
6. #14 missed on 2/2?
7. #15 missed on 2/2 and has not paid the 95 from 1/19?
8. #20a missed on 2/2?
9. #35 missed on 2/2?
My guess is some of these were paid but not recorded on the 2/2 rentroll.
You may have sent me a message over the "chat" line that I don't remember on
some of these. I just want to get the final rentroll to tie exactly to the
bank deposit.
Will have some time today to work on a utility letter. Tried to call Wade
last night at 5:30 but couldn't reach him. Will try again today.
I believe that a doctor from Seguin is going to make an offer. Did you meet
them? If so, what did you think?
Phillip |
Date: Wed, 7 Feb 2001 06:54:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: stage coach
Body:
I will email you an updated operating statement with Nov and Dec tomorrow
morning. What did the seguin doctor think of the place.
How much could I get the stagecoach appraised for? Do you still do
appraisals? Could it be valued on an 11 or 12 cap? |
Date: Wed, 7 Feb 2001 01:58:00 -0800 (PST)
From: phillip.allen@enron.com
To: jacquestc@aol.com
Subject:
Body:
Jacques,
Can you draft the partnership agreement and the construction contract?
The key business points are:
1. Investment is a loan with prime + 1% rate
2. Construction contract is cost plus $1.4 Million
3. The investors' loan is repaid before any construction profit is paid.
4. All parties are GP's but 3 out 4 votes needed for major decisions?
5. 60/40 split favoring the investors.
With regard to the construction contract, we are concerned about getting a
solid line by line cost estimate and clearly defining what constitutes
costs. Then we need a mechanism to track the actual expenses. Keith and I
would like to oversee the bookkeeping. The builders would be requred to fax
all invoices within 48 hours. We also would want online access to the
checking account of the partnership so we could see if checks were clearing
but invoices were not being submitted.
Let me know if you can draft these agreements. The GP issue may need some
tweaking.
Phillip Allen
713-853-7041
pallen@enron.com |
Date: Thu, 7 Dec 2000 06:23:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is a final 12/01 rentroll for you to save. My only questions are:
1. Neil Moreno in #21-he paid $120 on 11/24, but did not pay anything on
12/01. Even if he wants to swich to bi-weekly, he needs to pay at the
beginning
of the two week period. What is going on?
2. Gilbert in #27-is he just late?
Here is a file for 12/08. |
Date: Tue, 6 Feb 2001 23:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com, mike.grigsby@enron.com
Subject: Governor Reports Results of 1st RFP -- ONLY 500 MW!!!!
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/07/2001
07:14 AM ---------------------------
Susan J Mara@ENRON
02/06/2001 04:12 PM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula
Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard
Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Robert Badeer/HOU/ECT@ECT, Rosalinda
Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Sharon Dick/HOU/EES@EES, skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES,
William S Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com,
Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, dwatkiss@bracepatt.com,
rcarroll@bracepatt.com, Donna Fulton/Corp/Enron@ENRON, gfergus@brobeck.com,
Kathryn Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Ren, Lazure/Western Region/The Bentley
Company@Exchange, Michael Tribolet/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, jklauber@llgm.com, Tamara
Johnson/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Dirk vanUlden/Western Region/The Bentley
Company@Exchange, Steve Walker/SFO/EES@EES, James Wright/Western Region/The
Bentley Company@Exchange, Mike D Smith/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron
cc:
Subject: Governor Reports Results of 1st RFP -- ONLY 500 MW!!!!
Here is a link to the governor's press release. He is billing it as 5,000 MW
of contracts, but then he says that there is only 500 available immediately.
WIth the remainder available from 3 to 10 years.
http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
1673762879.0981503886@@@@&BV_EngineID=falkdgkgfmhbemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_02/20010206_PR01049_longtermc
ontracts.html&sTitle=GOVERNOR+DAVIS+ANNOUNCES+LONG+TERM+POWER+SUPPLY&iOID=1325
0 |
Date: Tue, 6 Feb 2001 06:12:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com
Subject: Smeltering
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/06/2001
02:12 PM ---------------------------
Enron North America Corp.
From: Frank Hayden @ ENRON 02/06/2001 12:06 PM
To: Tim Belden/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, John J Lavorato/Corp/Enron, Kevin M Presto/HOU/ECT@ECT
cc: LaCrecia Davenport/Corp/Enron@Enron, Bharat Khanna/NA/Enron@Enron
Subject: Smeltering
Below are some articles relating to aluminum, power and gas prices. Thought
it would be of interest.
Frank
---
---------------------- Forwarded by Michael Pitt/EU/Enron on 06/02/2001 17:00
---------------------------
Rohan Ziegelaar
30/01/2001 13:45
To: Lloyd Fleming/LON/ECT@ECT, Andreas Barschkis/EU/Enron@Enron, Michael
Pitt/EU/Enron@Enron
cc:
Subject: |
Date: Tue, 6 Feb 2001 05:27:00 -0800 (PST)
From: phillip.allen@enron.com
To: bridgette.anderson@enron.com
Subject: Re: Listing of Desk Directors
Body:
Send it to Ina Rangel she can forward it to appropriate traders. There are
too many to list individually |
Date: Tue, 6 Feb 2001 01:52:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
My target is to get $225 back out of the stage. Therefore, I could take a
sales price of $740K and carry a second note of $210K. This would still only
require $75K cash from the buyer. After broker fees and a title policy, I
would net around $20K cash.
You can go ahead and negotiate with the buyer and strike the deal at $740 or
higher with the terms described in the 1st email. Do you want to give the
New Braunfels buyer a quick look at the deal.
Phillip |
Date: Tue, 6 Feb 2001 01:01:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
I am not willing to guarantee to refinance the 1st lien on the stage in 4
years and drop the rate on both notes at that point to 8%. There are several
reasons that I won't commit to this. Exposure to interest fluctuations, the
large cash reserves needed, and the limited financial resources of the buyer
are the three biggest concerns.
What I am willing to do is lower the second note to 8% amortized over the
buyers choice of terms up to 30 years. The existing note does not come due
until September 2009. That is a long time. The buyer may have sold the
property. Interest rates may be lower. I am bending over backwards to make
the deal work with such an attractive second note. Guaranteeing to refinance
is pushing too far.
Can you clarify the dates in the contract. Is the effective date the day the
earnest money is receipted or is it once the feasibility study is complete?
Hopefully the buyer can live with these terms. I got your fax from the New
Braunfels buyer. If we can't come to terms with the first buyer I will get
started on the list.
Email or call me later today.
Phillip |
Date: Mon, 5 Feb 2001 09:23:00 -0800 (PST)
From: phillip.allen@enron.com
To: susan.scott@enron.com
Subject: Re: Pipe Options Book Admin Role
Body:
Susan,
Raised your issue to Sally Beck. Larry is going to spend time with you to
see if he can live without any reports. Also some IT help should be on the
way.
Phillip |
Date: Mon, 5 Feb 2001 00:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com
Subject: re: book admin for Pipe/Gas daily option book
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/05/2001
08:45 AM ---------------------------
Jeffrey C Gossett
02/02/2001 09:48 PM
To: Larry May/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: re: book admin for Pipe/Gas daily option book
When we meet, I would like to address the following issues:
1.) I had at least 5 people here past midnight on both nights and I have
several people who have not left before 10:30 this week.
2.) It is my understanding that Susan was still booking new day deals on
Thursday night at 8:30 b/c she did not get deal tickets from the trading
floor until after 5:00 p.m.
3.) It is also my understanding that Susan is done with the p&l and
benchmark part of her book often times by 6:00, but that what keeps her here
late is usually running numerous extra models and spreadsheets. (One
suggestion might be a permanent IT person on this book.) (This was also my
understanding from Kyle Etter, who has left the company.)
I would like to get this resolved as soon as possible so that Larry can get
the information that he needs to be effective and so that we can run books
like this and not lose good people.
Thanks
Larry May@ENRON
02/02/2001 02:43 PM
To: Sally Beck/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
Subject: re: book admin for Pipe/Gas daily option book
As you might be aware, Susan Scott (the book admin for the pipe option book)
was forced by system problems to stay all night Wednesday night and until 200
am Friday in order to calc my book. While she is scheduled to rotate to the
West desk soon, I think we need to discuss putting two persons on my book in
order to bring the work load to a sustainable level. I'd like to meet at
2:30 pm on Monday to discuss this issue. Please let me know if this time
fits in your schedules.
Thanks,
Larry |
Date: Fri, 2 Feb 2001 08:44:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen@hotmail.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/02/2001
04:43 PM ---------------------------
From: Phillip K Allen 02/02/2001 02:40 PM
To: stagecoachmama@hotmail.com
cc:
Subject:
Lucy,
Please fix #41 balance by deleting the $550 in the "Rent Due" column. The
other questions I had about last week's rent are:
#15 Only paid 95 of their 190 on 1/19 then paid nothing on 1/26. What is
going on?
#25 Looks like she was short by 35 and still owes a little on deposit
#27 Switched to weekly, but paid nothing this week. Why?
I spoke to Jeff Smith. I think he was surprised that we were set up with
email and MSN Messenger. He was not trying to insult you. I let Jeff know
that he should try and meet the prospective buyers when they come to see the
property. Occasionally, a buyer might stop buy without Jeff and you can show
them around and let them know what a nice quiet well maintained place it is.
Regarding the raise, $260/week plus the apartment is all I can pay right
now. I increased your pay last year very quickly so you could make ends meet
but I think your wages equate to $10/hr and that is fair. As Gary and Wade
continue to improve the property, I need you to try and improve the
property's tenants and reputation. The apartments are looking better and
better, yet the turnover seems to be increasing.
Remember that as a manager you need to set the example for the tenants. It
is hard to tell tenants that they are not supposed to have extra people move
in that are not on the lease, when the manager has a houseful of guests. I
realize you have had a lot of issues with taking your son to the doctor and
your daughter being a teenager, but you need to put in 40 hours and be
working in the office or on the property during office unless you are running
an errand for the property.
I am not upset that you asked for a raise, but the answer is no at this
time. We can look at again later in the year.
I will talk to you later or you can email or call over the weekend.
Phillip |
Date: Fri, 2 Feb 2001 08:40:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Please fix #41 balance by deleting the $550 in the "Rent Due" column. The
other questions I had about last week's rent are:
#15 Only paid 95 of their 190 on 1/19 then paid nothing on 1/26. What is
going on?
#25 Looks like she was short by 35 and still owes a little on deposit
#27 Switched to weekly, but paid nothing this week. Why?
I spoke to Jeff Smith. I think he was surprised that we were set up with
email and MSN Messenger. He was not trying to insult you. I let Jeff know
that he should try and meet the prospective buyers when they come to see the
property. Occasionally, a buyer might stop buy without Jeff and you can show
them around and let them know what a nice quiet well maintained place it is.
Regarding the raise, $260/week plus the apartment is all I can pay right
now. I increased your pay last year very quickly so you could make ends meet
but I think your wages equate to $10/hr and that is fair. As Gary and Wade
continue to improve the property, I need you to try and improve the
property's tenants and reputation. The apartments are looking better and
better, yet the turnover seems to be increasing.
Remember that as a manager you need to set the example for the tenants. It
is hard to tell tenants that they are not supposed to have extra people move
in that are not on the lease, when the manager has a houseful of guests. I
realize you have had a lot of issues with taking your son to the doctor and
your daughter being a teenager, but you need to put in 40 hours and be
working in the office or on the property during office unless you are running
an errand for the property.
I am not upset that you asked for a raise, but the answer is no at this
time. We can look at again later in the year.
I will talk to you later or you can email or call over the weekend.
Phillip |
Date: Fri, 2 Feb 2001 07:46:00 -0800 (PST)
From: phillip.allen@enron.com
To: jacquestc@aol.com
Subject: final business points
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/02/2001
03:43 PM ---------------------------
From: Phillip K Allen 01/31/2001 01:23 PM
To: cbpres@austin.rr.com
cc: llewter@austin.rr.com
Subject: |
Date: Thu, 7 Dec 2000 01:09:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Body:
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/07/2000
09:08 AM ---------------------------
Jeff Richter
12/07/2000 06:31 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
---------------------- Forwarded by Jeff Richter/HOU/ECT on 12/07/2000 08:38
AM ---------------------------
Carla Hoffman
12/07/2000 06:19 AM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT
cc:
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 06:29
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
12/07/2000 06:11 AM
To: undisclosed-recipients:;
cc:
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
13:18 GMT 7 December 2000 DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts
Wed -Sources
(This article was originally published Wednesday)
LOS ANGELES (Dow Jones)--The California Independent System Operator paid
about $10 million Wednesday for 1,000 megawatts of power from Powerex and
still faced a massive deficit that threatened electricity reliability in the
state, high-ranking market sources familiar with the ISO's operation told
Dow Jones Newswires.
But the ISO fell short of ordering rolling blackouts Wednesday for the third
consecutive day.
The ISO wouldn't comment on the transactions, saying it is sensitive market
information. But sources said Powerex, a subsidiary of British Columbia
Hydro & Power Authority (X.BCH), is the only energy company in the Northwest
region with an abundant supply of electricity to spare and the ISO paid
about $900 a megawatt-hour from the early afternoon through the evening.
But that still wasn't enough juice.
The Los Angeles Department of Water and Power sold the ISO 1,200 megawatts
of power later in the day at the wholesale electricity price cap rate of
$250/MWh. The LADWP, which is not governed by the ISO, needs 3,800 megawatts
of power to serve its customers. It is free sell power instate above the
$250/MWh price cap.
The LADWP has been very vocal about the amount of power it has to spare. The
municipal utility has also reaped huge profits by selling its excess power
into the grid when supply is tight and prices are high. However, the LADWP
is named as a defendant in a civil lawsuit alleging price gouging. The suit
claims the LADWP sells some of its power it gets from the federal Bonneville
Power Administration, which sells hydropower at cheap rates, back into the
market at prices 10 times higher.
Powerex officials wouldn't comment on the ISO power sale, saying all
transactions are proprietary. But the company also sold the ISO 1,000
megawatts Tuesday - minutes before the ISO was to declare rolling blackouts
- for $1,100 a megawatt-hour, market sources said.
The ISO, whose main job is to keep electricity flowing throughout the state
no matter what the cost, started the day with a stage-two power emergency,
which means its operating reserves fell to less than 5%. The ISO is having
to compete with investor-owned utilities in the Northwest that are willing
to pay higher prices for power in a region where there are no price caps.
The ISO warned federal regulators, generators and utilities Wednesday during
a conference call that it would call a stage-three power emergency
Wednesday, but wouldn't order rolling blackouts. A stage three is declared
when the ISO's operating reserves fall to less than 1.5% and power is
interrupted on a statewide basis to keep the grid from collapsing.
But ISO spokesman Patrick Dorinson said it would call a stage three only as
a means of attracting additional electricity resources.
"In order to line up (more power) we have to be in a dire situation,"
Dorinson said.
Edison International unit (EIX) Southern California Edison, Sempra Energy
unit (SRE) San Diego Gas & Electric, PG&E Corp. (PCG) unit Pacific Gas &
Electric and several municipal utilities in the state will share the cost of
the high-priced power.
SoCal Edison and PG&E are facing a debt of more than $6 billion due to high
wholesale electricity costs. The utilities debt this week could grow by
nearly $1 billion, analysts said. It's still unclear whether retail
customers will be forced to pay for the debt through higher electricity
rates or if companies will absorb the costs.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com
(END) Dow Jones Newswires 07-12-00
1318GMT Copyright (c) 2000, Dow Jones & Company Inc
13:17 GMT 7 December 2000 DJ Calif ISO, PUC Inspect Off-line Duke South Bay
Pwr Plant
(This article was originally published Wednesday)
LOS ANGELES (Dow Jones)--Representatives of the California Independent
System Operator and Public Utilities Commission inspected Duke Energy
Corp.'s (DUK) off-line 700-MW South Bay Power Plant in Chula Vista, Calif.,
Wednesday morning, a Duke spokesman said.
The ISO and PUC have been inspecting all off-line power plants in the state
since Tuesday evening to verify that those plants are shut down for the
reasons generators say they are, ISO spokesman Pat Dorinson said.
About 11,000 MW of power has been off the state's power grid since Monday,
7,000 MW of which is off-line for unplanned maintenance, according to the
ISO.
The ISO manages grid reliability.
As previously reported, the ISO told utilities and the Federal Energy
Regulatory Commission Wednesday that it would call a stage three power alert
at 5 PM PST (0100 GMT Thursday), meaning power reserves in the state would
dip below 1.5% and rolling blackouts could be implemented to avoid grid
collapse. However, the ISO said the action wouldn't result in rolling
blackouts.
The ISO and PUC also inspected Tuesday plants owned by Dynegy Inc (DYN),
Reliant Energy Inc. (REI) and Southern Energy Inc (SOE).
Duke's 1,500-MW Moss Landing plant was also inspected by PUC representatives
in June, when some units were off-line for repairs, the Duke spokesman said.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872;
jessica.berthold@dowjones.com
(END) Dow Jones Newswires 07-12-00
1317GMT Copyright (c) 2000, Dow Jones & Company Inc
13:17 GMT 7 December 2000 =DJ Calif Regulators Visit AES,Dynegy Off-Line
Power Plants
(This article was originally published Wednesday)
By Jessica Berthold
Of DOW JONES NEWSWIRES
LOS ANGELES (Dow Jones)--AES Corp. (AES) and Dynegy Inc. (DYN) said
Wednesday that representatives of California power officials had stopped by
some of their power plants to verify that they were off line for legitimate
reasons.
The California Independent System Operator, which manages the state's power
grid and one of its wholesale power markets, and the California Public
Utilities Commission began on-site inspections Tuesday night of all power
plants in the state reporting that unplanned outages have forced shutdowns,
ISO spokesman Pat Dorinson said.
The state has had 11,000 MW off the grid since Monday, 7,000 MW for
unplanned maintenance. The ISO Wednesday called a Stage 2 power emergency
for the third consecutive day, meaning power reserves were below 5% and
customers who agreed to cut power in exchange for reduced rates may be
called on to do so.
As reported earlier, Reliant Energy (REI) and Southern Energy Inc. (SOE)
said they had been visited by representatives of the ISO and PUC Tuesday
evening.
Representatives of the two organizations also visited plants owned by AES
and Dynegy Tuesday evening.
AES told the visitors they couldn't perform an unannounced full inspection
of the company's 450-megawatt Huntington Beach power station until Wednesday
morning, when the plant's full staff would be present, AES spokesman Aaron
Thomas said.
Thomas, as well as an ISO spokesman, didn't know whether the representatives
returned Wednesday for a full inspection.
AES Units Down Due To Expired Emissions Credits
The Huntington Beach facility and units at two other AES facilities have
used up their nitrogen oxide, or NOx, emission credits. They were taken down
two weeks ago in response to a request by the South Coast Air Quality
Management District to stay off line until emissions controls are deployed,
Thomas said.
AES has about 2,000 MW, or half its maximum output, off line. The entire
Huntington plant is off line, as is 1,500 MW worth of units at its Alamitos
and Redondo Beach plants.
The ISO has asked AES to return its off line plants to operations, but AES
has refused because it is concerned the air quality district will fine the
company $20 million for polluting.
"We'd be happy to put our units back, provided we don't get sued for it,"
Thomas said. "It's not clear to us that the ISO trumps the air quality
district's" authority.
As reported, a spokesman for the air quality district said Tuesday that AES
could have elected to buy more emission credits so that it could run its off
line plants in case of power emergencies, but choose not to do so.
Dynegy's El Segundo Plant Also Visited By PUC
Dynegy Inc. (DYN) said the PUC visited its 1,200 MW El Segundo plant Tuesday
evening, where two of the four units, about 600 MW worth, were off line
Wednesday.
"I guess our position is, 'Gee, we're sorry you don't believe us, but if you
need to come and take a look for yourself, that's fine,'" said Dynegy
spokesman Lynn Lednicky.
Lednicky said one of the two units was off line for planned maintenance and
the other for unplanned maintenance on boiler feedwater pumps, which could
pose a safety hazard if not repaired.
"We've been doing all we can to get back in service," Lednicky said. "We
even paid to have some specialized equipment expedited."
Lednicky added that the PUC seemed satisfied with Dynegy's explanation of
why its units were off line.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
jessica.berthold@dowjones.com
(END) Dow Jones Newswires 07-12-00
1317GMT Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer. |
Date: Fri, 2 Feb 2001 07:00:00 -0800 (PST)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: re: book admin for Pipe/Gas daily option book
Body:
I would like to go to this meeting. Can you arrange it?
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/02/2001
03:00 PM ---------------------------
Larry May@ENRON
02/02/2001 12:43 PM
To: Sally Beck/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
Subject: re: book admin for Pipe/Gas daily option book
As you might be aware, Susan Scott (the book admin for the pipe option book)
was forced by system problems to stay all night Wednesday night and until 200
am Friday in order to calc my book. While she is scheduled to rotate to the
West desk soon, I think we need to discuss putting two persons on my book in
order to bring the work load to a sustainable level. I'd like to meet at
2:30 pm on Monday to discuss this issue. Please let me know if this time
fits in your schedules.
Thanks,
Larry |
Date: Fri, 2 Feb 2001 06:59:00 -0800 (PST)
From: phillip.allen@enron.com
To: jeffrey.gossett@enron.com, sally.beck@enron.com
Subject:
Body:
Susan hours are out of hand. We need to find a solution. Let's meet on
Monday to assess the issue
Phillip |
Date: Fri, 2 Feb 2001 06:54:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: RE: Phillip Allen Response on Partnership Issues
Body:
Got your email. I will let Jacques know. I guess we can work out the finer
points next week. The bank here in Houston is dealing with their auditors
this week, so unfortunately I did not hear from them this week. The are
promising to have some feedback by Monday. I will let you know as soon as I
hear from them.
Phillip |
Date: Fri, 2 Feb 2001 05:25:00 -0800 (PST)
From: phillip.allen@enron.com
To: info@geoswan.com
Subject:
Body:
George,
The probability of building a house this year is increasing. I have shifted
to a slightly different plan. There were too many design items that I could
not work out in the plan we discussed previously. Now, I am leaning more
towards a plan with two wings and a covered courtyard in the center. One
wing would have a living/dining kitchen plus master bedroom downstairs with 3
kid bedrooms + a laundry room upstairs. The other wing would have a garage +
guestroom downstairs with a game room + office/exercise room upstairs. This
plan still has the same number of rooms as the other plan but with the
courtyard and pool in the center this plan should promote more outdoor
living. I am planning to orient the house so that the garage faces the west.
The center courtyard would be covered with a metal roof with some fiberglass
skylights supported by metal posts. I am envisioning the two wings to have
single slope roofs that are not connected to the center building.
I don't know if you can imagine the house I am trying to describe. I would
like to come and visit you again this month. If it would work for you, I
would like to drive up on Sunday afternoon on Feb. 18 around 2 or 3 pm. I
would like to see the progress on the house we looked at and tour the one we
didn't have time for. I can bring more detailed drawings of my new plan.
Call or email to let me know if this would work for you.
pallen70@hotmail.com or 713-463-8626(home), 713-853-7041(work)
Phillip Allen
PS. Channel 2 in Houston ran a story yesterday (Feb. 2) about a home in
Kingwood that had a poisonous strain of mold growing in the walls. You
should try their website or call the station to get the full story. It would
makes a good case for breathable walls. |
Date: Thu, 1 Feb 2001 04:03:00 -0800 (PST)
From: phillip.allen@enron.com
To: jeff.richter@enron.com
Subject: Re: web site
Body:
8500????? That's twice as valuable as your car! Can't you get a used one
for $3000? |
Date: Thu, 1 Feb 2001 03:07:00 -0800 (PST)
From: phillip.allen@enron.com
To: jeff.richter@enron.com
Subject: Re: web site
Body:
Nice. how much?
Are you trying to keep the economy going? |
Date: Wed, 31 Jan 2001 08:51:00 -0800 (PST)
From: phillip.allen@enron.com
To: 8774820206@pagenetmessage.net
Subject:
Body:
Testing. Sell low and buy high
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/31/2001
04:51 PM ---------------------------
From: Phillip K Allen 01/12/2001 08:58 AM
To: 8774820206@pagenetmessage.net
cc:
Subject:
testing |
Date: Wed, 31 Jan 2001 08:20:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: The Stage
Body:
Jeff,
Before you write off the stage, a few things to think about.
1. Operating expenses include $22,000 of materials for maintenance and
repairs. Plus having a full time onsite maintenance man means no extra labor
cost for repairs. There are only 44 units a lot of his time is spent on
repairs.
2. What is an outside management firm going to do? A full time onsite
manager is all that is required. As I mentioned the prior manager has
interest in returning. Another alternative would be to hire a male manager
that could do more make readies and lawn care. If you turn it over to a
management company you could surely reduce the cost of a full time manager
onsite.
3. Considering #1 & #2 $115,000 NOI is not necessarily overstated. If you
want to be ultra conservative use $100,000 at the lowest.
4. Getting cash out is not a priority to me. So I am willing to structure
this deal with minimum cash. A 10% note actually attractive. See below.
My job just doesn't give me the time to manage this property. This property
definitely requires some time but it has the return to justify the effort.
Sales Price 705,000
1st Lien 473,500
2nd Lien 225,000
Transfer fee 7,500
Cash required 14,500
NOI 100,000
1st Lien 47,292
2nd Lien 23,694
Cash flow 29,014
Cash on cash 200%
These numbers are using the conservative NOI, if it comes in at $115K then
cash on cash return would be more like 300%. This doesn't reflect the
additional profit opportunity of selling the property in the next few years
for a higher price.
Do you want to reconsider? Let me know.
Phillip |
Date: Tue, 30 Jan 2001 23:14:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com
Subject: Highlights of Executive Summary by KPMG -- CPUC Audit Report on
Body:
Edison
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/31/2001=
=20
07:12 AM ---------------------------
Susan J Mara@ENRON
01/30/2001 10:10 AM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly=20
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol=
=20
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,=
=20
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H=20
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,=20
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy=20
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward=20
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,=
=20
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W=20
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger=20
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G=20
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EE=
S,=20
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James=20
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EE=
S,=20
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe=20
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy=20
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevi=
n=20
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,=
=20
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EE=
S,=20
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael=20
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES=
,=20
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul=20
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L=20
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard=20
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert=20
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,=
=20
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott=20
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,=20
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tas=
ha=20
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Ti=
m=20
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,=20
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S=20
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard =
B=20
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,=
=20
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna=20
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Kathryn=20
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda=20
Robertson/NA/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Ren, Lazure/Western=
=20
Region/The Bentley Company@Exchange, Michael Tribolet/Corp/Enron@Enron,=20
Phillip K Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Richard B=20
Sanders/HOU/ECT@ECT, jklauber@llgm.com, Tamara Johnson/HOU/EES@EES, Robert =
C=20
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: =20
Subject: Highlights of Executive Summary by KPMG -- CPUC Audit Report on=20
Edison
----- Forwarded by Susan J Mara/NA/Enron on 01/30/2001 10:02 AM -----
=09"Daniel Douglass" <Douglass@ArterHadden.com>
=0901/30/2001 08:31 AM
=09=09=20
=09=09 To: <Barbara_Klemstine@apsc.com>, <berry@apx.com>, <dcazalet@apx.com=
>,=20
<billr@calpine.com>, <jackp@calpine.com>, <glwaas@calpx.com>,=20
<Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,=20
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,=20
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,=
=20
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>=
,=20
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,=20
<rsnichol@newwestenergy.com>, <Curtis_L_Kebler@reliantenergy.com>,=20
<rllamkin@seiworldwide.com>
=09=09 cc:=20
=09=09 Subject: CPUC Audit Report on Edison
The following are the highlights from the Executive Summary of the KPMG aud=
it=20
report on Southern California Edison:
=20
I. Cash Needs
Highlights:
SCE=01,s original cash forecast, dated as December 28, 2000, projects a com=
plete=20
cash depletion date of February 1, 2001. Since then SCE has instituted a=20
program of cash conservation that includes suspension of certain obligation=
s=20
and other measures.=20
Based on daily cash forecasts and cash conservation activities, SCE=01,s=20
available cash improved through January 19 from an original estimate of $51=
.8=20
million to $1.226 billion. The actual cash flow, given these cash=20
conservation activities, extends the cash depletion date.
II. Credit Relationships
Highlights:
SCE has exercised all available lines of credit and has not been able to=20
extend or renew credit as it has become due.
At present, there are no additional sources of credit open to SCE.
SCE=01,s loan agreements provide for specific clauses with respect to defau=
lt.=20
Generally, these agreements provide for the debt becoming immediately due a=
nd=20
payable.
SCE=01,s utility plant assets are used to secure outstanding mortgage bond=
=20
indebtedness, although there is some statutory capacity to issue more=20
indebtedness if it were feasible to do so.
Credit ratings agencies have downgraded SCE=01,s credit ratings on most of =
its=20
rated indebtedness from solid corporate ratings to below investment grade=
=20
issues within the last three weeks.
III. Energy Cost Scenarios
Highlights
This report section uses different CPUC supplied assumptions to assess=20
various price scenarios upon SCE=01,s projected cash depletion dates. Under=
such=20
scenarios, SCE would have a positive cash balance until March 30, 2001.
IV. Cost Containment Initiatives
Highlights
SCE has adopted a $460 million Cost Reduction Plan for the year 2001.
The Plan consists of an operation and maintenance component and a capital=
=20
improvement component as follows (in millions):
Operating and maintenance costs $ 77
Capital Improvement Costs 383
Total $ 460
The Plan provides for up to 2,000 full, part-time and contract positions to=
=20
be eliminated with approximately 75% of the total staff reduction coming fr=
om=20
contract employees.
Under the Plan, Capital Improvement Costs totaling $383 million are for the=
=20
most part being deferred to a future date.
SCE dividends to its common shareholder and preferred stockholders and=20
executive bonuses have been suspended, resulting in an additional cost=20
savings of approximately $92 million.
V. Accounting Mechanisms to Track Stranded Cost Recovery (TRA and TCBA=20
Activity)
Highlights:
As of December 31, 2000, SCE reported an overcollected balance in the=20
Transition Cost Balancing Account (TCBA) Account of $494.5 million. This=20
includes an estimated market valuation of its hydro facilities of $500=20
million and accelerated revenues of $175 million.
As of December 31, 2000, SCE reported an undercollected balance in SCE=01,s=
=20
Transition Account (TRA) of $4.49 billion.
Normally, the generation memorandum accounts are credited to the TCBA at th=
e=20
end of each year. However, the current generation memorandum account credit=
=20
balance of $1.5 billion has not been credited to the TCBA, pursuant to=20
D.01-01-018.
Costs of purchasing generation are tracked in the TRA and revenues from=20
generation are tracked in the TCBA. Because these costs and revenues are=20
tracked separately, the net liability from procuring electric power, as=20
expressed in the TRA, are overstated.
TURN Proposal
As part of our review, the CPUC asked that we comment on the proposal of TU=
RN=20
to change certain aspects of the regulatory accounting for transition asset=
s.=20
Our comments are summarized as follows:
The Proposal would have no direct impact on the cash flows of SCE in that i=
t=20
would not directly generate nor use cash.
The Proposal=01,s impact on SCE=01,s balance sheet would initially be to sh=
ift=20
costs between two regulatory assets.
TURN=01,s proposal recognizes that because the costs of procuring power and=
the=20
revenues from generating power are tracked separately, the undercollection =
in=20
the TRA is overstated.
VI. Flow of Funds Analysis
Highlights:
In the last five years, SCE had generated net income of $2.7 billion and a=
=20
positive cash flow from operations of $7 billion.
During the same time period, SCE paid dividends and other distributions to=
=20
its parent, Edison International, of approximately $4.8 billion.
Edison International used the funds from dividends to pay dividends to its=
=20
shareholders of $1.6 billion and repurchased shares of its outstanding comm=
on=20
stock of $2.7 billion, with the remaining funds being used for administrati=
ve=20
and general costs, investments, and other corporate purposes.
[there is no Section VII]
=20
VIII. Earnings of California Affiliates
SCE=01,s payments for power to its affiliates were approximately $400-$500=
=20
million annually and remained relatively stable from 1996 through 1999.=20
In 2000, the payments increased by approximately 50% to over $600 million.=
=20
This increase correlates to the increase in market prices
for natural gas for the same period.
A copy of the report is available on the Commission website at=20
www.cpuc.ca.gov.
=20
Dan |
Date: Tue, 30 Jan 2001 03:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
What is the latest? Write me a note about what is going on and what issues
you need my help to deal with when you send the rentroll.
Phillip |
Date: Wed, 6 Dec 2000 08:04:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/06/2000
04:04 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 12/05/2000 08:34:54 AM
To: pallen@enron.com
cc:
Subject:
Phillip,
How are you and how is everyone? I sent you the rent roll #27 is
moving out and I wknow that I will be able to rent it real fast.All I HAVE
TO DO IN there is touch up the walls .Four adults will be moving in @130.00
a wk and 175.00 deposit they will be in by Thursday or Friday.
Thank You , Lucy
______________________________________________________________________________
_______
Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com
- rentroll_1201.xls |
Date: Tue, 30 Jan 2001 03:17:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com
Subject: CPUC posts audit reports
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/30/2001
11:21 AM ---------------------------
Susan J Mara@ENRON
01/30/2001 09:14 AM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard B
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Kathryn
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Ren, Lazure/Western
Region/The Bentley Company@Exchange, Michael Tribolet/Corp/Enron@Enron,
Phillip K Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, jklauber@llgm.com, Tamara Johnson/HOU/EES@EES, Gordon
Savage/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: CPUC posts audit reports
Here's the link for the audit report
----- Forwarded by Susan J Mara/NA/Enron on 01/30/2001 08:53 AM -----
andy brown <andybrwn@earthlink.net>
01/29/2001 07:27 PM
Please respond to abb; Please respond to andybrwn
To: carol@iepa.com
cc: "'Bill Carlson (E-mail)'" <william_carlson@wastemanagement.com>, "'Bill
Woods (E-mail)'" <billw@calpine.com>, "'Bob Ellery (E-mail)'"
<bellery@spi-ind.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'" <bob.gates@enron.com>,
"'Carolyn A Baker (E-mail)'" <cabaker@duke-energy.com>, "'Cody Carter
(E-mail)'" <cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'"
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'"
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>,
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa
(E-mail)'" <frank.derosa@gen.pge.com>, "'Greg Blue (E-mail)'"
<gtbl@dynegy.com>, "'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack
(E-mail)'" <jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'"
<jackp@calpine.com>, "'Jim Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe
Greco (E-mail)'" <jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'"
<joer@calpine.com>, "'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>,
"'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com>, "'Kate Castillo
(E-mail)'" <CCastillo@riobravo-gm.com>, "Kelly Lloyd (E-mail)"
<kellyl@enxco.com>, "'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>,
"'Kent Fickett (E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'" <lale@dynegy.com>,
"'Marty McFadden (E-mail)'" <marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Roger Pelote (E-mail)'"
<roger.pelote@williams.com>, "'Ross Ain (E-mail)'"
<rain@caithnessenergy.com>, "'Stephanie Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Steve Iliff'"
<siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'" <steve_ponder@fpl.com>,
"'Susan J Mara (E-mail)'" <smara@enron.com>, "'Tony Wetzel (E-mail)'"
<twetzel@thermoecotek.com>, "'William Hall (E-mail)'"
<wfhall2@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Allen Jensen (E-mail)'"
<al.jensen@nrgenergy.com>, "'Andy Gilford (E-mail)'"
<agilford@wbcounsel.com>, "'Armen Arslanian (E-mail)'"
<Armen.Arslanian@gecapital.com>, "Bert Hunter (E-mail)"
<rjhunter@spectrumcapital.com>, "'Bill Adams (E-mail)'" <sangorgon@aol.com>,
"'Bill Barnes (E-mail)'" <bill.barnes@lgeenergy.com>, "'Bo Buchynsky
(E-mail)'" <BBuchynsky@aol.com>, "'Bob Tormey'" <rjtormey@duke-energy.com>,
"'Charles Johnson (E-mail)'" <c.johnson@ejgd.com>, "'Charles Linthicum
(E-mail)'" <charles.linthicum@powersrc.com>, "'Diane Fellman (E-mail)'"
<difellman@energy-law-group.com>, "'Don Scholl (E-mail)'"
<dscholl@purenergyllc.com>, "'Ed Maddox (E-mail)'"
<emaddox@seawestwindpower.com>, "'Edward Lozowicki (E-mail)'"
<elozowicki@sjo.coudert.com>, "'Edwin Feo (E-mail)'" <efeo@milbank.com>,
"'Eric Edstrom (E-mail)'" <edstrome@epenergy.com>, "'Floyd Gent (E-mail)'"
<fgent@thermoecotek.com>, "'Hal Dittmer (E-mail)'" <hedsf@aol.com>, "'John
O'Rourke'" <orourke.john@epenergy.com>, "'Kawamoto, Wayne'"
<wkawamoto@wm.com>, "'Ken Salvagno (E-mail)'" <kbssac@aol.com>, "Kent Burton
(E-mail)" <kent_burton@ogden-energy.com>, "'Larry Kellerman'"
<kellerman.larry@epenergy.com>, "'Levitt, Doug'" <sdl@calwind.com>, "'Lucian
Fox (E-mail)'" <lucian_fox@ogden-energy.com>, "'Mark J. Smith (E-mail)'"
<mark_J_smith@fpl.com>, "'Milton Schultz (E-mail)'" <bfpjv@c-zone.net>, "'Nam
Nguyen (E-mail)'" <nam.nguyen@powersrc.com>, "'Paul Wood (E-mail)'"
<paul_wood@ogden-energy.com>, "'Pete Levitt (E-mail)'" <Pete@calwind.com>,
"'Phil Reese (E-mail)'" <rcsc@west.net>, "'Robert Frees (E-mail)'"
<freesrj@apci.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>, "'Scott
Harlan (E-mail)'" <harlans@epenergy.com>, "'Tandy McMannes (E-mail)'"
<mcmannes@aol.com>, "'Ted Cortopassi (E-mail)'"
<ted_cortopassi@ogden-energy.com>, "'Thomas Heller (E-mail)'"
<hellertj@apci.com>, "'Thomas Swank'" <swank.thomas@epenergy.com>, "'Tom
Hartman (E-mail)'" <tom_hartman@fpl.com>, "'Ward Scobee (E-mail)'"
<wscobee@caithnessenergy.com>, "'Brian T. Craggq'" <bcragg@gmssr.com>, "'J.
Feldman'" <jfeldman@mofo.com>, "'Kassandra Gough (E-mail)'"
<kgough@calpine.com>, "'Kristy Rumbaugh (E-mail)'"
<kristy_rumbaugh@ogden-energy.com>, "Andy Brown (E-mail)"
<abb@eslawfirm.com>, "Jan Smutny-Jones (E-mail)" <smutny@iepa.com>, "Katie
Kaplan (E-mail)" <kaplan@iepa.com>, "Steven Kelly (E-mail)" <steven@iepa.com>
Subject: CPUC posts audit reports
This email came in to parties to the CPUC proceeding. The materials should
be available on the CPUC website, www.cpuc.ca.gov. The full reports will be
available. ABB
Parties, this e-mail note is to inform you that the KPMG audit report will be
posted on the web as of 7:00 p.m on January 29, 2001. You will see
the following documents on the web:
1. President Lynch's statement
2. KPMG audit report of Edison
3. Ruling re: confidentiality
Here is the link to the web site:
http://www.cpuc.ca.gov/010129_audit_index.htm
--
Andrew Brown
Sacramento, CA
andybrwn@earthlink.net |
Date: Mon, 29 Jan 2001 23:00:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: Bishops Corner Partnership
Body:
George,
Keith and I are reviewing your proposal. We will send you a response by this
evening.
Phillip |
Date: Mon, 29 Jan 2001 07:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: RE:Stock Options
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
03:26 PM ---------------------------
"Stephen Benotti" <stephen.benotti@painewebber.com> on 01/29/2001 11:24:33 AM
To: "'pallen@enron.com'" <pallen@enron.com>
cc:
Subject: RE:Stock Options
Phillip here is the information you requested.
Shares Vest date Grant Price
4584 12-31-01 18.375
3200
1600 12-31-01 20.0625
1600 12-31-02 20.0625
9368
3124 12-31-01 31.4688
3124 12-31-02 31.4688
3120 12-31-03 31.4688
5130
2565 1-18-02 55.50
2565 1-18-03 55.50
7143
2381 8-1-01 76.00
2381 8-1-02 76.00
2381 8-1-03 76.00
24
12 1-18-02 55.50
12 1-18-03 55.50
Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions. Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees. |
Date: Mon, 29 Jan 2001 07:19:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: 32 acres
Body:
Jeff,
That is good news about Leander.
Now for the stage. I would like to get it sold by the end of March. I have
about $225K invested in the stagecoach,
it looks like I need to get around $745K to breakeven.
I don't need the cash out right now so if I could get a personal guarantee
and Jaques Craig can
work out the partnership transfer, I would definitely be willing to carry a
second lien. I understand second liens are going for 10%-12%.
Checkout this spreadsheet.
These numbers should get the place sold in the next fifteen minutes.
However, I am very concerned about the way it is being shown. Having Lucy
show it is not a good idea. I need you to meet the buyers and take some
trips over to get more familar with the property. My dad doesn't have the
time and I don't trust
Lucy or Wade to show it correctly. I would prefer for you to show it from
now on.
I will have the operating statements complete through December by this
Friday.
Phillip |
Date: Mon, 29 Jan 2001 04:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: kholst@enron.com
Subject: Re: SM134
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
12:14 PM ---------------------------
To: <cbpres@austin.rr.com>
cc:
Subject: Re: SM134
George,
Here is a spreadsheet that illustrates the payout of investment and builders
profit. Check my math, but it looks like all the builders profit would be
recouped in the first year of operation. At permanent financing $1.1 would
be paid, leaving only .3 to pay out in the 1st year.
Since almost 80% of builders profit is repaid at the same time as the
investment, I feel the 65/35 is a fair split. However, as I mentioned
earlier, I think we should negotiate to layer on additional equity to you as
part of the construction contract.
Just to begin the brainstorming on what a construction agreement might look
like here are a few ideas:
1. Fixed construction profit of $1.4 million. Builder doesn't benefit from
higher cost, rather suffers as an equity holder.
2. +5% equity for meeting time and costs in original plan ($51/sq ft, phase
1 complete in November)
+5% equity for under budget and ahead of schedule
-5% equity for over budget and behind schedule
This way if things go according to plan the final split would be 60/40, but
could be as favorable as 55/45. I realize that what is budget and schedule
must be discussed and agreed upon.
Feel free to call me at home (713)463-8626
Phillip
|
Date: Fri, 26 Jan 2001 07:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: RE: Loan for San Marcos
Body:
George,
We should hear from the bank in Houston on Monday.
The best numbers and times to reach me:
work 713-853-7041
fax 713-464-2391
cell 713-410-4679
home 713-463-8626
pallen70@hotmail.com (home)
pallen@enron.com (work)
I am usually at work M-F 7am-5:30pm. Otherwise try me at home then on my
cell.
Keiths numbers are:
work 713-853-7069
fax 713-464-2391
cell 713-502-9402
home 713-667-5889
kholst@enron.com
Phillip |
Date: Fri, 26 Jan 2001 01:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: dexter@intelligencepress.com
Subject: Re: NGI access to eol
Body:
Dexter,
You should receive a guest id shortly.
Phillip |
Date: Fri, 26 Jan 2001 01:55:00 -0800 (PST)
From: phillip.allen@enron.com
To: mary.gray@enron.com
Subject: NGI access to eol
Body:
Griff,
Can you accomodate Dexter as we have in the past. This has been very helpful
in establishing a fair index at Socal Border.
Phillip
Please cc me on the email with a guest password. The sooner the better as
bidweek is underway.
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/26/2001
09:49 AM ---------------------------
Dexter Steis <dexter@intelligencepress.com> on 01/26/2001 07:28:29 AM
To: Phillip.K.Allen@enron.com
cc:
Subject: NGI access to eol
Phillip,
I was wondering if I could trouble you again for another guest id for eol.
In previous months, it has helped us here at NGI when we go to set indexes.
I appreciate your help on this.
Dexter |
Date: Fri, 26 Jan 2001 01:41:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com
Subject: Status of QF negotiations on QFs & Legislative Update
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/26/2001
09:41 AM ---------------------------
From: Chris H Foster 01/26/2001 05:50 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Vladimir Gorny/HOU/ECT@ECT
Subject: Status of QF negotiations on QFs & Legislative Update
Phillip:
It looks like a deal with the non gas fired QFs is iminent. One for the gas
generators is still quite a ways off.
The non gas fired QFs will be getting a fixed price for 5 years and reverting
back to their contracts thereafter. They also will give back
I would expect that the gas deal using an implied gas price times a heat rate
would be very very difficult to close. Don't expect hedgers to come any time
soon.
I will keep you abreast of developments.
C
---------------------- Forwarded by Chris H Foster/HOU/ECT on 01/26/2001
05:42 AM ---------------------------
Susan J Mara@ENRON
01/25/2001 06:02 PM
To: Michael Tribolet/Corp/Enron@Enron, Christopher F Calger/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Michael Etringer/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT
cc:
Subject: Status of QF negotiations on QFs & Legislative Update
This from a conference call with IEP tonight at 5 pm:
RE; Non-Gas-fired QFs -- The last e-mail I sent includes the latest version
of the IEP proposal. Negotiations with SCE on this proposal are essentially
complete. PG&E is OK with the docs. All QFs but Calpine have agreed with
the IEP proposal -- Under the proposal, PG&E would "retain" $106 million (of
what, I'm not sure -- I think they mean a refund to PG&E from QFs who
switched to PX pricing). The money would come from changing the basis for the
QF payments from the PX price to the SRAC price, starting back in December
(and maybe earlier).
PG&E will not commit to a payment schedule and will not commit to take the
Force Majeure notices off the table. QFs are asking IEP to attempt to get
some assurances of payment.
SCE has defaulted with its QFs; PG&E has not yet -- but big payments are due
on 2/2/01.
For gas-fired QFs -- Heat rate of 10.2 included in formula for PG&E's
purchases from such QFs. Two people are negotiating the these agreements
(Elcantar and Bloom), but they are going very slowly. Not clear this can be
resolved. Batten and Keeley are refereeing this. No discussions on this
occurred today.
Status of legislation -- Keeley left town for the night, so not much will
happen on the QFs.Assembly and Senate realize they have to work together.
Plan to meld together AB 1 with Hertzberg's new bill . Hydro as security is
dead. Republicans were very much opposed to it. |
Date: Thu, 25 Jan 2001 04:49:00 -0800 (PST)
From: phillip.allen@enron.com
To: patti.sullivan@enron.com
Subject: Analyst Interviews Needed - 2/15/01
Body:
Patti,
This sounds like an opportunity to land a couple of analyst to fill the gaps
in scheduling. Remember their rotations last for one year. Do you want to
be an interviewer?
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001
12:46 PM ---------------------------
From: Jana Giovannini 01/24/2001 09:42 AM
To: Chris Gaskill/Corp/Enron@Enron, Marc De La Roche/HOU/ECT@ECT, Mark A
Walker/NA/Enron@Enron, Andrea V Reed/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, John Best/NA/Enron, Timothy J
Detmering/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, Frank W
Vickers/NA/Enron@Enron, Carl Tricoli/Corp/Enron@Enron, Edward D
Baughman/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, Jere C
Overdyke/HOU/ECT@ECT, Brad Blesie/Corp/Enron@ENRON, Lynette
LeBlanc/Houston/Eott@Eott, Thomas Myers/HOU/ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Steve
Venturatos/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
Subject: Analyst Interviews Needed - 2/15/01
All,
The Analyst and Associate Programs recognize we have many Analyst needs that
need to be addressed immediately. While we anticipate many new Analysts
joining Enron this summer (late May) and fulltime (August) we felt it
necessary to address some of the immediate needs with an Off-Cycle Recruiting
event. We are planning this event for Thursday, February 15 and are inviting
approximately 30 candidates to be interviewed. I am asking that you forward
this note to any potential interviewers (Managers or above). We will conduct
first round interviews in the morning and the second round interviews in the
afternoon. We need for interviewers to commit either to the morning
(9am-12pm) or afternoon (2pm-5pm) complete session. Please submit your
response using the buttons below and update your calendar for this date. In
addition, we will need the groups that have current needs to commit to taking
one or more of these Analysts should they be extended an offer. Thanks in
advance for your cooperation.
Thank you,
Jana |
Date: Wed, 6 Dec 2000 04:43:00 -0800 (PST)
From: phillip.allen@enron.com
To: andrea.richards@enron.com
Subject: Re: Associates & Analysts Eligible for Promotion
Body:
I would support Matt Lenhart's promotion to the next level.
I would oppose Ken Shulklapper's promotion. |
Date: Thu, 25 Jan 2001 04:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: nick.politis@enron.com
Subject: Re: Resume
Body:
Nick,
There is a specific program that we are using to recruit, train, and mentor
new traders on the gas and power desks. The trading track program is being
coordinated by Ted Bland. I have forwarded him your resume. Give him a call
and he will fill you in on the details of the program.
Phillip |
Date: Thu, 25 Jan 2001 04:39:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Kidventure Camp
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001
12:39 PM ---------------------------
Enron North America Corp.
From: WorkLife Department and Kidventure @ ENRON
01/24/2001 09:00 PM
Sent by: Enron Announcements@ENRON
To: All Enron Houston
cc:
Subject: Kidventure Camp |
Date: Thu, 25 Jan 2001 02:11:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
#32 and #29 are fine.
#28 paid weekly on 1/5. Then he switched to biweekly. He should have paid
260 on 1/12. Two weeks rent in advance. Instead he paid 260 on 1/19. He
either needs to get back on schedule or let him know he is paying in the
middle of his two weeks. He is only paid one week in advance. This is not a
big deal, but you should be clear with tenants that rent is due in advance.
Here is an updated rentroll. Please use this one instead of the one I sent
you this morning.
Finally, can you fax me the application and lease from #9.
Phillip |