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Date: Thu, 25 Jan 2001 00:17:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com
Subject: Re: Draft of Opposition to ORA/TURN petition
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001
08:17 AM ---------------------------
From: Leslie Lawner@ENRON on 01/24/2001 08:17 PM CST
To: MBD <MDay@GMSSR.com>
cc: Harry Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Don Black/HOU/EES@EES,
James Shirley/HOU/EES@EES, Frank Ermis/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT
Subject: Re: Draft of Opposition to ORA/TURN petition
Everything is short and sweet except the caption! One comment. The very
last sentence reads : PG&E can continue to physically divert gas if
necessary . . . " SInce they haven't actually begun to divert yet, let's
change that sentence to read "PG&E has the continuing right to physically
divert gas if necessary..."
I will send this around for comment. Thanks for your promptness.
Any comments, anyone?
MBD <MDay@GMSSR.com>
01/24/2001 03:47 PM
To: "'llawner@enron.com'" <llawner@enron.com>
cc:
Subject: Draft of Opposition to ORA/TURN petition
Leslie:
Here is the draft. Short and sweet. Let me know what you think. We will
be ready to file on Friday. Mike Day
<<X20292.DOC>>
- X20292.DOC |
Date: Wed, 24 Jan 2001 23:40:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is a rentroll for this week. I still have questions on #28,#29, and #32. |
Date: Wed, 24 Jan 2001 09:23:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@austin.rr.com
Subject:
Body:
Cc: cbpres@austin.rr.com
Bcc: cbpres@austin.rr.com
Larry,
I met with a banker that is interested in financing the project. They need
the following:
Financial statements plus last two years tax returns.
Builders resume listing similar projects
The banker indicated he could pull together a proposal by Friday. If we are
interested in his loan, he would want to come see the site.
If you want to overnight me the documents, I will pass them along. You can
send them to my home or office (1400 Smith, EB3210B, Houston, TX 77002).
The broker is Jim Murnan. His number is 713-781-5810, if you want to call
him and send the documents to him directly.
It sounds like the attorneys are drafting the framework of the partnership
agreement. I would like to nail down the outstanding business points as soon
as possible.
Please email or call with an update.
Phillip |
Date: Mon, 22 Jan 2001 06:06:00 -0800 (PST)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject: Re: Response to PGE request for gas
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/22/2001
02:06 PM ---------------------------
From: Travis McCullough on 01/22/2001 01:48 PM CST
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re: Response to PGE request for gas
Draft response to PGE -- do you have any comments?
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 01/22/2001 01:47 PM -----
William S Bradford
01/22/2001 01:44 PM
To: Travis McCullough/HOU/ECT@ECT
cc:
Subject: Re: Response to PGE request for gas
Works for me. Have you run it by Phillip Allen?
From: Travis McCullough on 01/22/2001 01:29 PM
To: William S Bradford/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron
cc:
Subject: Response to PGE request for gas
Please call me with any comments or questions.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 |
Date: Mon, 22 Jan 2001 01:24:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com
Subject:
Body:
By STEVE EVERLY - The Kansas City Star
Date: 01/20/01 22:15
As natural gas prices rose in December, traders at the New York Mercantile
Exchange kept one eye on the weather forecast and another on a weekly gas
storage number.
The storage figures showed utilities withdrawing huge amounts of gas, and the
forecast was for frigid weather. Traders put the two together, anticipated a
supply crunch and drove gas prices to record heights.
"Traders do that all the time; they're looking forward," said William Burson,
a trader. "It makes the market for natural gas."
But the market's response perplexed Chris McGill, the American Gas
Association's director of gas supply and transportation. He had compiled the
storage numbers since they were first published in 1994, and in his view the
numbers were being misinterpreted to show a situation far bleaker than
reality.
"It's a little frustrating that they don't take the time to understand what
we are reporting," McGill said.
As consumer outrage builds over high heating bills, the hunt for reasons --
and culprits -- is on. Some within the natural gas industry are pointing
fingers at Wall Street.
Stephen Adik, senior vice president of the Indiana utility NiSource, recently
stepped before an industry conference and blamed the market's speculators for
the rise in gas prices.
"It's my firm belief ... that today's gas prices are being manipulated," Adik
told the trade magazine Public Utilities Fortnightly.
In California, where natural gas spikes have contributed to an electric
utility crisis, six investigations are looking into the power industry.
Closer to home, observers note that utilities and regulators share the blame
for this winter's startling gas bills, having failed to protect their
customers and constituents from such price spikes.
Most utilities, often with the acquiescence of regulators, failed to take
precautions such as fixed-rate contracts and hedging -- a sort of price
insurance -- that could have protected their customers by locking in gas
prices before they soared.
"We're passing on our gas costs, which we have no control over," said Paul
Snider, a spokesman for Missouri Gas Energy.
But critics say the utilities shirked their responsibility to customers.
"There's been a failure of risk management by utilities, and that needs to
change," said Ed Krapels, director of gas power services for Energy Security
Analysis Inc., an energy consulting firm in Wakefield, Mass.
Hot topic
Consumers know one thing for certain: Their heating bills are up sharply. In
many circles, little else is discussed.
The Rev. Vincent Fraser of Glad Tidings Assembly of God in Kansas City is
facing a $1,456 December bill for heating the church -- more than double the
previous December's bill. Church members are suffering from higher bills as
well.
The Sunday collection is down, said Fraser, who might have to forgo part of
his salary. For the first time, the church is unable to meet its financial
pledge to overseas missionaries because the money is going to heating.
"It's the talk of the town here," he said.
A year ago that wasn't a fear. Wholesale gas prices hovered just above $2 per
thousand cubic feet -- a level that producers say didn't make it worthwhile
to drill for gas. Utilities were even cutting the gas prices paid by
customers.
But trouble was brewing. By spring, gas prices were hitting $4 per thousand
cubic feet, just as utilities were beginning to buy gas to put into storage
for winter.
There was a dip in the fall, but then prices rebounded. By early November,
prices were at $5 per thousand cubic feet. The federal Energy Information
Administration was predicting sufficient but tight gas supplies and heating
bills that would be 30 percent to 40 percent higher.
But $10 gas was coming. Below-normal temperatures hit much of the country,
including the Kansas City area, and fears about tight supplies roiled the gas
markets.
"It's all about the weather," said Krapels of Energy Security Analysis.
Wholesale prices exploded to $10 per thousand cubic feet, led by the New York
traders. Natural gas sealed its reputation as the most price-volatile
commodity in the world.
Setting the price
In the 1980s, the federal government took the caps off the wellhead price of
gas, allowing it to float. In 1990, the New York Mercantile began trading
contracts for future delivery of natural gas, and that market soon had
widespread influence over gas prices.
The futures contracts are bought and sold for delivery of natural gas as soon
as next month or as far ahead as three years. Suppliers can lock in sale
prices for the gas they expect to produce. And big gas consumers, from
utilities to companies such as Farmland Industries Inc., can lock in what
they pay for the gas they expect to use.
There are also speculators who trade the futures contracts with no intention
of actually buying or selling the gas -- and often with little real knowledge
of natural gas.
But if they get on the right side of a price trend, traders don't need to
know much about gas -- or whatever commodity they're trading. Like all
futures, the gas contracts are purchased on credit. That leverage adds to
their volatility and to the traders' ability to make or lose a lot of money
in a short time.
As December began, the price of natural gas on the futures market was less
than $7 per thousand cubic feet. By the end of the month it was nearly $10.
Much of the spark for the rally came from the American Gas Association's
weekly storage numbers.
Utilities buy ahead and store as much as 50 percent of the gas they expect to
need in the winter.
Going into the winter, the storage levels were about 5 percent less than
average, in part because some utilities were holding off on purchasing, in
hopes that the summer's unusually high $4 to $5 prices would drop.
Still, the American Gas Association offered assurances that supplies would be
sufficient. But when below-normal temperatures arrived in November, the
concerns increased among traders that supplies could be insufficient.
Then the American Gas Association reported the lowest year-end storage
numbers since they were first published in 1994. Still, said the
association's McGill, there was sufficient gas in storage.
But some utility executives didn't share that view. William Eliason, vice
president of Kansas Gas Service, said that if December's cold snap had
continued into January, there could have been a real problem meeting demand.
"I was getting worried," he said.
Then suddenly the market turned when January's weather turned warmer.
Wednesday's storage numbers were better than expected, and futures prices
dropped more than $1 per thousand cubic feet.
Just passing through
Some utilities said there was little else to do about the price increase but
pass their fuel costs on to customers.
Among area utilities, Kansas Gas Service increased its customers' cost-of-gas
charge earlier this month to $8.68 per thousand cubic feet. And Missouri Gas
Energy has requested an increase to $9.81, to begin Wednesday.
Sheila Lumpe, chairwoman of the Missouri Public Service Commission, said last
month that because utilities passed along their wholesale costs, little could
be done besides urging consumers to join a level-payment plan and to conserve
energy.
Kansas Gas Service had a small hedging program in place, which is expected to
save an average customer about $25 this winter.
Missouri Gas Energy has no hedging program. It waited until fall to seek an
extension of the program and then decided to pass when regulators would not
guarantee that it could recover its hedging costs.
Now utilities are being asked to justify the decisions that have left
customers with such high gas bills. And regulators are being asked whether
they should abandon the practice of letting utilities pass along their fuel
costs.
On Friday, Doug Micheel, senior counsel of the Missouri Office of the Public
Counsel, said his office would ask the Missouri Public Service Commission to
perform an emergency audit of Missouri Gas Energy's gas purchasing practices.
"Consumers are taking all the risk," Micheel said. "It's time to consider
some changes."
To reach Steve Everly, call (816) 234-4455 or send e-mail to
severly@kcstar.com.
------------------------------------------------------------------------------
--
All content , 2001 The Kansas City Star |
Date: Mon, 22 Jan 2001 00:38:00 -0800 (PST)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Re: Please respond
Body:
message board |
Date: Mon, 22 Jan 2001 00:34:00 -0800 (PST)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Re: Please respond
Body:
need help. |
Date: Wed, 6 Dec 2000 04:41:00 -0800 (PST)
From: phillip.allen@enron.com
To: del@living.com
Subject: Re: Court Ordered Notice to Customers and Registered Users of
Body:
living. com Regarding Sale of Information
please remove my name and information from the registered user list. Do not
sell my information.
Phillip Allen |
Date: Thu, 18 Jan 2001 02:12:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
Here is a recent rentroll. I understand another looker went to the
property. I want to hear the feedback no matter how discouraging. I am in
Portland for the rest of the week. You can reach me on my cell phone
713-410-4679. My understanding was that you would be overnighting some
closing statements for Leander on Friday. Please send them to my house (8855
Merlin Ct, Houston, TX 77055).
Call me if necessary.
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/18/2001
08:06 AM ---------------------------
"phillip allen" <pallen70@hotmail.com> on 01/16/2001 06:36:15 PM
To: pallen@enron.com
cc:
Subject:
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com
- rentroll_investors_0112.xls |
Date: Thu, 18 Jan 2001 02:08:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@austin.rr.com
Subject:
Body:
Larry,
The wire should go out today. I am in Portland but can be reached by cell
phone 713-410-4679. Call me if there are any issues. I will place a call to
my attorney to check on the loan agreement.
Phillip |
Date: Wed, 17 Jan 2001 07:35:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Why did so many tenants not pay this week?
#12 95
#21 240
#27 120
#28 260
#33 260
Total 975
It seems these apartments just missed rent. What is up?
Other questions:
#9-Why didn't they pay anything? By my records, they still owe $40 plus rent
should have been due on 12/12 of $220.
#3-Why did they short pay? |
Date: Mon, 15 Jan 2001 23:25:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com
Subject: California Action Update 1-14-00
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:25 AM ---------------------------
From: James D Steffes@ENRON on 01/15/2001 11:36 AM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Michael
Tribolet/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Christian
Yoder/HOU/ECT@ECT, pgboylston@stoel, Travis McCullough/HOU/ECT@ECT, Don
Black/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Wanda
Curry/HOU/EES@EES, Scott Stoness/HOU/EES@EES, mday@gmssr.com, Susan J
Mara/NA/Enron@ENRON, robert.c.williams@enron.com, William S
Bradford/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc:
Subject: California Action Update 1-14-00
Enron has agreed that the key issue is to focus on solving the S-T buying
needs. Attached is a spreadsheet that outlines the $ magnitude of the next
few months.
TALKING POINTS:
Lot's of questions about DWR becoming the vehicle for S-T buying and there
is a significant legal risk for it becoming the vehicle. WE DO NEED
SOMETHING TO BRIDGE BEFORE WE PUT IN L-T CONTRACTS.
Huge and growing shortfall ($3.2B through March 31, 2001)
The SOONER YOU CAN PUT IN L-T CONTRACTS STOP THE BLEEDING.
Bankruptcy takes all authority out of the Legislature's hands.
ACTION ITEMS:
1. Energy Sales Participation Agreement During Bankruptcy
Michael Tribolet will be contacting John Klauberg to discuss how to organize
a Participation Agreement to sell to UDCs in Bankruptcy while securing Super
Priority.
2. Legislative Language for CDWR (?) Buying Short-Term
Sandi McCubbin / Jeff Dasovich will lead team to offer new language to meet
S-T requirements of UDCs. Key is to talk with State of California Treasurer
to see if the $ can be found or provided to private firms. ($3.5B by end of
April). Pat Boylston will develop "public benefit" language for options
working with Mike Day. He can be reached at 503-294-9116 or
pgboylston@stoel.com.
3. Get Team to Sacramento
Get with Hertzberg to discuss the options (Bev Hansen). Explain the
magnitude of the problem. Get Mike Day to help draft language.
4. See if UDCs have any Thoughts
Steve Kean will communicate with UDCs to see if they have any solutions or
thougths. Probably of limited value.
5. Update List
Any new information on this should be communicated to the following people as
soon as possible. These people should update their respective business units.
ENA Legal - Christian Yoder / Travis McCullough
Credit - Michael Tribolet
EES - Vicki Sharp / Don Black
ENA - Tim Belden / Philip Allen
Govt Affairs - Steve Kean / Richard Shapiro |
Date: Mon, 15 Jan 2001 23:18:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: California - Jan 13 meeting
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:18 AM ---------------------------
From: Steven J Kean@ENRON on 01/14/2001 01:52 PM CST
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT,
John J Lavorato/Corp/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, Thomas E White/HOU/EES@EES,
Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Alan
Comnes/PDX/ECT@ECT, Karen Denne/Corp/Enron@ENRON, Mark E
Haedicke/HOU/ECT@ECT, Wanda Curry/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Roger Yang/SFO/EES@EES, Dennis
Benevides/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES,
Sandra McCubbin/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Robert
Johnston/HOU/ECT@ECT, Don Black/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON,
Michael Tribolet/Corp/Enron@Enron, Greg Wolfe/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Stephen Swain/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT
cc:
Subject: California - Jan 13 meeting
Attached is a summary of the Jan 13 Davis-Summers summit on the California
power situation. We will be discussing this at the 2:00 call today. |
Date: Sat, 13 Jan 2001 11:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: kristin.walsh@enron.com
Subject: Re:
Body:
Kristin,
Thank you for the California update. Please continue to include me in all
further intellegence reports regarding the situation in California.
Phillip |
Date: Fri, 12 Jan 2001 05:46:00 -0800 (PST)
From: phillip.allen@enron.com
To: andrea.richards@enron.com
Subject: Re: Analyst Rotating
Body:
Andrea,
Please resend the first three resumes.
Phillip |
Date: Fri, 12 Jan 2001 05:45:00 -0800 (PST)
From: phillip.allen@enron.com
To: patti.sullivan@enron.com
Subject: Analyst Rotating
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/12/2001
01:45 PM ---------------------------
Enron North America Corp.
From: Andrea Richards @ ENRON 01/10/2001 12:49 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Analyst Rotating
Phillip, attached are resumes of analysts that are up for rotation. If you
are interested, you may contact them directly.
, , |
Date: Fri, 12 Jan 2001 05:34:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Preliminary 2001 Northwest Hydro Outlook
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/12/2001
01:34 PM ---------------------------
TIM HEIZENRADER
01/11/2001 10:17 AM
To: Phillip K Allen/HOU/ECT@ECT, John Zufferli/CAL/ECT@ECT
cc: Cooper Richey/PDX/ECT@ECT
Subject: Preliminary 2001 Northwest Hydro Outlook
Here's our first cut at a full year hydro projection: Please keep
confidential. |
Date: Fri, 12 Jan 2001 05:18:00 -0800 (PST)
From: phillip.allen@enron.com
To: james.steffes@enron.com
Subject:
Body:
Jim,
Here are the key gas contacts.
Work Home Cell
Phillip Allen X37041 713-463-8626 713-410-4679
Mike Grigsby X37031 713-780-1022 713-408-6256
Keith Holst X37069 713-667-5889 713-502-9402
Please call me with any significant developments.
Phillip |
Date: Tue, 5 Dec 2000 07:31:00 -0800 (PST)
From: ina.rangel@enron.com
To: amanda.huble@enron.com
Subject: Headcount
Body:
Financial (6)
West Desk (14)
Mid Market (16) |
Date: Thu, 11 Jan 2001 06:18:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject: updated lease information
Body:
Lucy,
The apartments that have new tenants since December 15th are:
1,2,8,12,13,16,20a,20b,25,32,38,39.
Are we running an apartment complex or a motel?
Please update all lease information on the 1/12 rentroll and email it to me
this afternoon.
Phillip |
Date: Thu, 11 Jan 2001 05:49:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@austin.rr.com
Subject: Re: Wiring instructions
Body:
Larry,
Do you want the loan and wire amount to be for exactly $1.1 million.
Phillip |
Date: Wed, 10 Jan 2001 22:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: ben.jacoby@enron.com
Subject: Re: Analyst PRC
Body:
Thanks for representing Matt.
Phillip |
Date: Tue, 9 Jan 2001 09:51:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: SM134
Body:
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: Tue, 9 Jan 2001 03:06:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Cc: gallen@thermon.com
Bcc: gallen@thermon.com
Lucy,
Here is a schedule of the most recent utility bills and the overages. There
are alot of overages. It will probably get worse this month because of all
the cold weather.
You need to be very clear with all new tenants about the electricity cap.
This needs to be handwritten on all new leases.
I am going to fax you copies of the bills that support this spreadsheet. We
also need to write a short letter remind everyone about the cap and the need
to conserve energy if they don't want to exceed their cap. I will write
something today.
Wait until you have copies of the bills and the letter before you start
collecting.
Phillip |
Date: Mon, 8 Jan 2001 23:36:00 -0800 (PST)
From: phillip.allen@enron.com
To: vladimir.gorny@enron.com
Subject:
Body:
We do not understand our VAR. Can you please get us all the detailed reports
and component VAR reports that you can produce?
The sooner the better.
Phillip |
Date: Fri, 5 Jan 2001 03:43:00 -0800 (PST)
From: phillip.allen@enron.com
To: tbland@enron.com
Subject: Re: Needs Assessment Form
Body:
Ted,
Andrea in the analysts pool asked me to fill out this request. Can you help
expedite this process?
Phillip |
Date: Thu, 4 Jan 2001 23:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: fescofield@1411west.com
Subject:
Body:
Frank,
Did you receive the information about the San Marcos apartments. I have left
several messages at your office to follow up. You mentioned that your plate
was fairly full. Are you too busy to look at this project? As I mentioned I
would be interested in speaking to you as an advisor or at least a sounding
board for the key issues.
Please email or call.
Phillip Allen
pallen@enron.com
713-853-7041 |
Date: Thu, 4 Jan 2001 06:41:00 -0800 (PST)
From: phillip.allen@enron.com
To: gallen@thermon.com
Subject:
Body:
Questions about 12/29 rentroll:
There were two deposits that were not labeled. One for $150 and the other
for $75. Which apartments? 20a or #13?
Utility overages for #26 and #44? Where did you get these amounts? For
what periods?
What is going on with #42. Do not evict this tenant for being unclean!!!
That will just create an apartment that we will have to spend a lot of money
and time remodeling. I would rather try and deal with this tenant by first
asking them to clean their apartment and fixing anything that is wrong like
leaky pipes. If that doesn't work, we should tell them we will clean the
apartment and charge them for the labor. Then we will perform monthly
inspections to ensure they are not damaging the property. This tenant has
been here since September 1998, I don't want to run them off.
I check with the bank and I did not see that a deposit was made on Tuesday so
I couldn't check the total from the rentroll against the bank. Is this
right? Has the deposit been made yet?
A rentroll for Jan 5th will follow shortly.
Phillip |
Date: Mon, 4 Dec 2000 06:23:00 -0800 (PST)
From: phillip.allen@enron.com
To: colleen.sullivan@enron.com
Subject: Re: Transportation Reports
Body:
it is ok with me. |
Date: Thu, 4 Jan 2001 04:10:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@austin.rr.com
Subject: Re: Untitled.exe Untitled.exe [22/23]
Body:
cannot open this file. Please send in different format |
Date: Thu, 4 Jan 2001 04:01:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@austin.rr.com
Subject: Re: SM134 Balcones Bank Loan
Body:
I can't open a winmail.dat file. can you send in a different format |
Date: Tue, 2 Jan 2001 01:36:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: New Generation, Nov 30th
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/02/2001
09:34 AM ---------------------------
From: Tim Belden 12/05/2000 06:42 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: New Generation, Nov 30th
---------------------- Forwarded by Tim Belden/HOU/ECT on 12/05/2000 05:44 AM
---------------------------
Kristian J Lande
12/01/2000 03:54 PM
To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G
Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Clark/PDX/ECT@ECT, Saji
John/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT
cc: Alan Comnes/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Todd
Perry/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT
Subject: New Generation, Nov 30th |
Date: Fri, 29 Dec 2000 02:14:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, jane.tholt@enron.com, frank.ermis@enron.com,
tori.kuykendall@enron.com
Subject: Meeting with Governor Davis, need for additional
Body:
comments/suggestions
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/29/2000
10:13 AM ---------------------------
From: Steven J Kean@ENRON on 12/28/2000 09:19 PM CST
To: Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, David
Parquet/SF/ECT@ECT, Marty Sunde/HOU/EES@EES, William S Bradford/HOU/ECT@ECT,
Scott Stoness/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Robert
Badeer/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
cc:
Subject: Meeting with Governor Davis, need for additional comments/suggestions
We met with Gov Davis on Thursday evening in LA. In attendance were Ken Lay,
the Governor, the Governor's staff director (Kari Dohn) and myself. The gov.
spent over an hour and a half with us covering our suggestions and his
ideas. He would like some additional thoughts from us by Tuesday of next
week as he prepares his state of the state address for the following Monday.
Attached to the end of this memo is a list of solutions we proposed (based on
my discussions with several of you) as well as some background materials Jeff
Dasovich and I prepared. Below are my notes from the meeting regarding our
proposals, the governor's ideas, as well as my overview of the situation
based on the governor's comments:
Overview: We made great progress in both ensuring that he understands that
we are different from the generators and in opening a channel for ongoing
communication with his administration. The gov does not want the utilities to
go bankrupt and seems predisposed to both rate relief (more modest than what
the utilities are looking for) and credit guarantees. His staff has more
work to do on the latter, but he was clearly intrigued with the idea. He
talked mainly in terms of raising rates but not uncapping them at the retail
level. He also wants to use what generation he has control over for the
benefit of California consumers, including utility-owned generation (which he
would dedicate to consumers on a cost-plus basis) and excess muni power
(which he estimates at 3000MW). He foresees a mix of market oriented
solutions as well as interventionist solutions which will allow him to fix
the problem by '02 and provide some political cover.
Our proposals: I have attached the outline we put in front of him (it also
included the forward price information several of you provided). He seemed
interested in 1) the buy down of significant demand, 2) the state setting a
goal of x000 MW of new generation by a date certain, 3) getting the utilities
to gradually buy more power forward and 4) setting up a group of rate
analysts and other "nonadvocates" to develop solutions to a number of issues
including designing the portfolio and forward purchase terms for utilities.
He was also quite interested in examining the incentives surrounding LDC gas
purchases. As already mentioned, he was also favorably disposed to finding
some state sponsored credit support for the utilities.
His ideas: The gov read from a list of ideas some of which were obviously
under serious consideration and some of which were mere "brainstorming".
Some of these ideas would require legislative action.
State may build (or make build/transfer arrangements) a "couple" of
generation plants. The gov feels strongly that he has to show consumers that
they are getting something in return for bearing some rate increases. This
was a frequently recurring theme.
Utilities would sell the output from generation they still own on a cost-plus
basis to consumers.
Municipal utilties would be required to sell their excess generation in
California.
State universities (including UC/CSU and the community colleges) would more
widely deploy distributed generation.
Expand in-state gas production.
Take state lands gas royalties in kind.
negotiate directly with tribes and state governments in the west for
addtional gas supplies.
Empower an existing state agency to approve/coordinate power plant
maintenance schedules to avoid having too much generation out of service at
any one time.
Condition emissions offsets on commitments to sell power longer term in state.
Either eliminate the ISO or sharply curtail its function -- he wants to hear
more about how Nordpool works(Jeff- someone in Schroeder's group should be
able to help out here).
Wants to condition new generation on a commitment to sell in state. We made
some headway with the idea that he could instead require utilities to buy
some portion of their forward requirements from new in-state generation
thereby accomplishing the same thing without using a command and control
approach with generators.
Securitize uncollected power purchase costs.
To dos: (Jeff, again I'd like to prevail on you to assemble the group's
thoughts and get them to Kari)
He wants to see 5 year fixed power prices for peak/ off-peak and baseload --
not just the 5 one year strips.
He wants comments on his proposals by Tuesday.
He would like thoughts on how to pitch what consumers are getting out of the
deal.
He wants to assemble a group of energy gurus to help sort through some of the
forward contracting issues.
Thanks to everyone for their help. We made some progress today. |
Date: Thu, 28 Dec 2000 05:19:00 -0800 (PST)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject:
Body:
Trading Profits
P. Allen 200
M. Grigsby 463
Rest of Desk 282
Total 945
I view my bonus as partly attributable to my own trading and partly to the
group's performance. Here are my thoughts.
Minimum Market Maximum
Cash 2 MM 4 MM 6 MM
Equity 2 MM 4 MM 6 MM
Here are Mike's numbers. I have not made any adjustments to them.
Minimum Market Maximum
Cash 2 MM 3 MM 4 MM
Equity 4 MM 7 MM 12 MM
I have given him an "expectations" speech, but you might do the same at some
point.
Phillip |
Date: Thu, 28 Dec 2000 04:18:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@austin.rr.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/28/2000
09:50 AM ---------------------------
Hunter S Shively
12/28/2000 07:15 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject:
Larry,
I was able to scan my 98 & 99 tax returns into Adobe. Here they are plus the
excel file is a net worth statement. If you have any trouble downloading or
printing these files let me know and I can fax them to you. Let's talk
later today.
Phillip
P.S. Please remember to get Jim Murnan the info. he needs. |
Date: Wed, 27 Dec 2000 08:27:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com, llewter@austin.rr.com
Subject:
Body:
Gentlemen,
I continue to speak to an attorney for help with the investment structure
and a mortgage broker for help with the financing. Regarding the financing,
I am working with Jim Murnan at Pinnacle Mortgage here in Houston. I have
sent him some information on the project, but he needs financial information
on you. Can you please send it to him. His contact information is: phone
(713)781-5810, fax (713)781-6614, and email jim123@pdq.net.
I know Larry has been working with a bank and they need my information. I
hope to pull that together this afternoon.
I took the liberty of calling Thomas Reames from the Frog Pond document. He
was positive about his experience overall. He did not seem pleased with the
bookkeeping or information flow to the investor. I think we should discuss
these procedures in advance.
Let's continue to speak or email frequently as new developments occur.
Phillip |
Date: Wed, 27 Dec 2000 08:00:00 -0800 (PST)
From: phillip.allen@enron.com
To: jim123@pdq.net
Subject:
Body:
Jim,
I would appreciate your help in locating financing for the project I
described to you last week. The project is a 134 unit apartment complex in
San Marcos. There will be a builder/developer plus myself and possibly a
couple of other investors involved. As I mentioned last week, I would like
to find interim financing (land, construction, semi-perm) that does not
require the investors to personally guarantee. If there is a creative way to
structure the deal, I would like to hear your suggestions. One idea that has
been mentioned is to obtain a "forward commitment" in order to reduce the
equity required. I would also appreciate hearing from you how deals of this
nature are normally financed. Specifically, the transition from interim to
permanent financing. I could use a quick lesson in what numbers will be
important to banks.
I am faxing you a project summary. And I will have the builder/developer
email or fax his financial statement to you.
Let me know what else you need. The land is scheduled to close mid January.
Phillip Allen |
Date: Wed, 27 Dec 2000 04:43:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
Everything should be done for closing on the Leander deal on the 29th. I
have fed ex'd the closing statements and set up a wire transfer to go out
tomorrow. When will more money be required? Escrow for roads? Utility
connections? Other rezoning costs?
What about property taxes? The burnet land lost its ag exemption while I
owned it. Are there steps we can take to hold on to the exemption on this
property? Can you explain the risks and likelihood of any rollback taxes
once the property is rezoned? Do we need to find a farmer and give him
grazing rights?
What are the important dates coming up and general status of rezoning and
annexing? I am worried about the whole country slipping into a recession and
American Multifamily walking on this deal. So I just want to make sure we
are pushing the process as fast as we can.
Phillip |
Date: Fri, 22 Dec 2000 07:06:00 -0800 (PST)
From: phillip.allen@enron.com
To: steven.kean@enron.com
Subject:
Body:
Steve,
I am sending you a variety of charts with prices and operational detail. If
you need to call with questions my home number is 713-463-8626.
As far as recommendations, here is a short list:
1. Examine LDC's incentive rate program. Current methodology rewards sales
above monthly index without enough consideration of future
replacement cost. The result is that the LDC's sell gas that should be
injected into storage when daily prices run above the monthly index.
This creates a shortage in later months.
2. California has the storage capacity and pipeline capacity to meet
demand. Investigate why it wasn't maximized operationally.
Specific questions should include:
1. Why in March '00-May '00 weren't total system receipts higher in order
to fill storage?
2. Why are there so many examples of OFO's on weekends that push away too
much gas from Socal's system.
I believe Socal gas does an extremely poor job of forecasting their
own demand. They repeatedly estimated they would receive more gas than
their injection capablity, but injected far less.
3. Similar to the power market, there is too much benchmarking to short
term prices. Not enough forward hedging is done by the major
LDCs. By design the customers are short at a floating
rate. This market has been long historically. It has been a buyers market
and the
consumer has benefitted.
Call me if you need any more input.
Phillip |
Date: Wed, 29 Nov 2000 08:22:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is a rentroll for this week. The one you sent for 11/24 looked good.
It seems like most people are paying on time. Did you rent an efficiency to
the elderly woman on a fixed income? Go ahead a use your judgement on the
rent prices for the vacant units. If you need to lower the rent by $10 or
$20 to get things full, go ahead.
I will be out of the office on Thursday. I will talk to you on Friday.
Phillip |
Date: Fri, 22 Dec 2000 01:54:00 -0800 (PST)
From: phillip.allen@enron.com
To: jason.moore@enron.com
Subject: Re: Global Ids
Body:
Monique Sanchez
Jay Reitmeyer
Randy Gay
Matt Lenhart |
Date: Fri, 22 Dec 2000 01:21:00 -0800 (PST)
From: phillip.allen@enron.com
To: jonathan.mckay@enron.com
Subject:
Body:
John,
Here is our North of Stanfield forecast for Jan.
Supply Jan '01 Dec '00 Jan '00
Sumas 900 910 815
Jackson Pr. 125 33 223
Roosevelt 300 298 333
Total Supply 1325 1241 1371
Demand
North of Chehalis 675 665 665
South of Chehalis 650 575 706
Total Demand 1325 1240 1371
Roosevelt capacity is 495.
Let me know how your forecast differs.
Phillip
|
Date: Wed, 20 Dec 2000 07:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: dawn.kenne@enron.com
Subject: Re: Global Ids
Body:
Cc: mary.gosnell@enron.com, jason.moore@enron.com
Bcc: mary.gosnell@enron.com, jason.moore@enron.com
Please assign global id's to the four junior traders listed on Dawn's
original email. The are all trading and need to have unique id's.
Thank you |
Date: Wed, 20 Dec 2000 07:51:00 -0800 (PST)
From: phillip.allen@enron.com
To: mac.d.hargrove@rssmb.com
Subject: RE: access
Body:
Received the fax. Thank you. I might have to sell the QQQ and take the loss
for taxes. But I would roll right into a basket of individual technology
stocks. I think I mentioned this to you previously that I have decided to
use this account for the kids college. |
Date: Tue, 19 Dec 2000 23:20:00 -0800 (PST)
From: phillip.allen@enron.com
To: mac.d.hargrove@rssmb.com
Subject: RE: access
Body:
Fax number 713-646-2391 |
Date: Mon, 18 Dec 2000 12:22:00 -0800 (PST)
From: ina.rangel@enron.com
To: arsystem@mailman.enron.com
Subject: Re: Your Approval is Overdue: Access Request for
Body:
barry.tycholiz@enron.com
PLEASE APPROVE HIM FOR THIS. PHILLIP WILL NOT BE ABLE TO GET INTO HIS EMAIL
SYSTEM TO DO THIS.
IF YOU HAVE ANY QUESTIONS, OR PROBLEMS, PLEASE CALL ME AT X3-7257.
THANK YOU.
INA.
IF THIS IS A PROBLEM TO DO IT THIS WAY PLEASE CALL ME AND I WILL WALK PHILLIP
THROUGH THE STEPS TO APPROVE. IF YOU CALL HIM, HE WILL DIRECT IT TO ME
ANYWAY.
ARSystem@mailman.enron.com on 12/18/2000 07:07:04 PM
To: phillip.k.allen@enron.com
cc:
Subject: Your Approval is Overdue: Access Request for barry.tycholiz@enron.com
This request has been pending your approval for 5 days. Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000009659&Page=
Approval to review and act upon this request.
Request ID : 000000000009659
Request Create Date : 12/8/00 8:23:47 AM
Requested For : barry.tycholiz@enron.com
Resource Name : VPN
Resource Type : Applications |
Date: Mon, 18 Dec 2000 07:43:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com, llewter@austin.rr.com
Subject: Re: SM134 Proforma.xls
Body:
George & Larry,
If possible, I would like to get together in Columbus as Larry suggested.
Thursday afternoon is the only day that really works for me.
Let me know if that would work for you. I was thinking around 2 or 2:30 pm.
I will try to email you any questions I have from the latest proforma
tomorrow.
Phillip |
Date: Mon, 18 Dec 2000 06:08:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
Hear is a new NOI file. I have added an operating statement for 1999
(partial year).
I will try to email you some photos soon.
Phillip |
Date: Mon, 18 Dec 2000 05:31:00 -0800 (PST)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
The files attached contain a current rentroll, 2000 operating statement, and
a proforma operating statement. |
Date: Mon, 18 Dec 2000 05:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: stouchstone@natsource.com
Subject: Re:
Body:
Yes. Trading reports to Whalley. He is Lavorato's boss. |
Date: Mon, 7 May 2001 16:23:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stanley.horton@enron.com, dmccarty@enron.com
Subject: California Summary
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/07/2001 11:22 AM ---------------------------
From: Jay Reitmeyer 05/03/2001 11:03 AM
To: stanley.horton@enron.com, dmccarty@enron.com
cc:
Subject: California Summary
Attached is the final version of the California Summary report with maps, graphs, and historical data.
To: Phillip K Allen/HOU/ECT@ECT
cc:
bcc:
Subject: Additional California Load Information
Additional charts attempting to explain increase in demand by hydro, load growth, and temperature. Many assumptions had to be made. The data is not as solid as numbers in first set of graphs.
|
Date: Wed, 29 Nov 2000 02:02:00 -0800 (PST)
From: phillip.allen@enron.com
To: frank.ermis@enron.com
Subject: Enron's December physical fixed price deals as of 11/28/00
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/29/2000
10:01 AM ---------------------------
Anne Bike@ENRON
11/28/2000 09:04 PM
To: pallen70@hotmail.com, prices@intelligencepress.com, lkuch@mh.com
cc: Darron C Giron/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Monique
Sanchez/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
Subject: Enron's December physical fixed price deals as of 11/28/00
Attached please find the spreadsheet containing the above referenced
information. |
Date: Fri, 15 Dec 2000 07:38:00 -0800 (PST)
From: phillip.allen@enron.com
To: llewter@palm.net
Subject: Re: Call saturday
Body:
Larry,
10 AM tomorrow is good for me. If you want to email me anything tonight,
please use pallen70@hotmail.com.
Phillip |
Date: Thu, 14 Dec 2000 06:33:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
I want to get the lease data and tenant data updated.
The critical information is 1. Move in or lease start date
2. Lease expiration date
3. Rent
4. Deposit
If you have the info you can
fill in these items 1. Number of occupants
2. Workplace
All the new leases should be the long form.
The apartments that have new tenants since these columns have been updated
back in October are #3,5,9,11,12,17,21,22,23,25,28,33,38.
I really need to get this by tomorrow. Please use the rentroll_1215 file to
input the correct information on all these tenants. And email it to me
tomorrow. You should have all this information on their leases and
applications.
Phillip |
Date: Thu, 14 Dec 2000 06:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here is a new file for 12/15.
For the rentroll for 12/08 here are my questions:
#23 & #24 did not pay. Just late or moving?
#25 & #33 Both paid 130 on 12/01 and $0 on 12/08. What is the deal?
#11 Looks like she is caught up. When is she due again?
Please email the answers.
Phillip
|
Date: Thu, 14 Dec 2000 03:15:00 -0800 (PST)
From: phillip.allen@enron.com
To: jay.reitmeyer@enron.com
Subject: Re:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000
11:15 AM ---------------------------
Enron North America Corp.
From: Rebecca W Cantrell 12/13/2000 02:01 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re:
Phillip -- Is the value axis on Sheet 2 of the "socalprices" spread sheet
supposed to be in $? If so, are they the right values (millions?) and where
did they come from? I can't relate them to the Sheet 1 spread sheet.
As I told Mike, we will file this out-of-time tomorrow as a supplement to our
comments today along with a cover letter. We have to fully understand the
charts and how they are constructed, and we ran out of time today. It's much
better to file an out-of-time supplement to timely comments than to file the
whole thing late, particuarly since this is apparently on such a fast track.
Thanks.
From: Phillip K Allen 12/13/2000 03:04 PM
To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
pallen@enron.com, pkaufma@enron.com, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT
cc:
Subject:
Attached are two files that illustrate the following:
As prices rose, supply increased and demand decreased. Now prices are
beginning to fall in response these market responses.
|
Date: Thu, 14 Dec 2000 02:11:00 -0800 (PST)
From: phillip.allen@enron.com
To: paul.kaufman@enron.com
Subject: Re:
Body:
Yes you can use this chart. Does it make sense? |
Date: Thu, 14 Dec 2000 02:08:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com
Subject: Final FIled Version
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000
10:06 AM ---------------------------
From: Sarah Novosel@ENRON on 12/13/2000 04:39 PM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Donna
Fulton/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON
cc:
Subject: Final FIled Version
----- Forwarded by Sarah Novosel/Corp/Enron on 12/13/2000 05:35 PM -----
"Randall Rich" <rrich@bracepatt.com>
12/13/2000 05:13 PM
To: "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, <jhartso@enron.com>,
<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>,
<Richard.b.sanders@enron.com>, <snovose@enron.com>
cc:
Subject: Final FIled Version
The filed version of the comments in the San Diego Gas & Electric matter at
FERC is attached.
- SANDIEGO.DOC |
Date: Tue, 28 Nov 2000 09:48:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: rent roll
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/28/2000
05:48 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 11/28/2000 01:02:22 PM
To: pallen@enron.com
cc:
Subject: rent roll
______________________________________________________________________________
_______
Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com
- rentroll_1124.xls |
Date: Tue, 21 Nov 2000 03:23:00 -0800 (PST)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Re: Nortel box
Body:
How about 3:30 |
Date: Fri, 17 Nov 2000 06:58:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: SM134 Proforma.xls
Body:
George,
I received the drawings. They look good at first glance. I will look at
them in depth this weekend. The proforma was in the winmail.dat format which
I cannot open. Please resend in excel or a pdf format. If you will send it
to pallen70@hotmail.com, I will be able to look at it this weekend. Does
this file have a timeline for the investment dollars? I just want to get a
feel for when you will start needing money.
Phillip |
Date: Fri, 17 Nov 2000 04:04:00 -0800 (PST)
From: phillip.allen@enron.com
To: paula.harris@enron.com
Subject: Re: West Gas Trading 2001 Plan
Body:
Paula,
I looked over the plan. It looks fine.
Phillip |
Date: Fri, 17 Nov 2000 00:27:00 -0800 (PST)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: SM134 Proforma.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/17/2000
08:27 AM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 11/17/2000 05:25:35 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>, "Larry Lewter"
<retwell@mail.sanmarcos.net>
cc:
Subject: SM134 Proforma.xls
Enclosed is the cost breakdown for the appraiser. Note that the
construction management fee (CMF) is stated at 12.5% rather than our
standard rate of 10%. This will increase cost and with a loan to cost ratio
of 75%, this will increase the loan amount and reduce required cash equity.
Also, we are quite confident that the direct unit and lot improvement costs
are high. Therefore, we should have some additional room once we have
actual bids, as The Met project next door is reported to have cost $49 psf
without overhead or CMF, which is $54-55 with CMF.
It appears that the cash equity will be $1,784,876. However, I am fairly
sure that we can get this project done with $1.5MM.
I hope to finish the proforma today. The rental rates that we project are
$1250 for the 3 ADA units, $1150-1200 for the 2 bedroom and $1425 for the 3
bedroom. Additional revenues could be generated by building detached
garages, which would rent for $50-75 per month.
- winmail.dat |
Date: Thu, 16 Nov 2000 06:51:00 -0800 (PST)
From: phillip.allen@enron.com
To: paula.harris@enron.com
Subject: Re: West Gas 2001 Plan
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/16/2000
02:51 PM ---------------------------
To: Faith Killen/HOU/ECT@ECT
cc:
Subject: Re: West Gas 2001 Plan
Faith,
Regarding the 2001 plan, the members of the west desk are as follows:
Name Title
Trading
Phillip Allen VP
Mike Grigsby Director
Keith Holst Manager(possible Director)
Janie Tholt Director
Steve South Director
Frank Ermis Manager
Tori Kuykendall Manager
Matt Lenhart Analyst(possible associate)
Monique Sanchez Commercial Support Manager
Jay Reitmeyer Senior Specialist
Ina Rangel Assistant (split costs with middle market)
Marketing
Barry Tycholiz Director
Mark Whitt Director
Paul Lucci Manager (possible Director)
2-3 TBD
Do I need to give you the names of our operations group?
Special Pays- I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.
I know you have been working with Barry T. if his headcount is different on
the Marketing staff use his numbers. Let me know if there is anything else
you need.
Phillip
|
Date: Thu, 16 Nov 2000 06:50:00 -0800 (PST)
From: phillip.allen@enron.com
To: paula.harris@enron.com
Subject: Re: West Gas 2001 Plan
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/16/2000
02:50 PM ---------------------------
To: Faith Killen/HOU/ECT@ECT
cc:
Subject: Re: West Gas 2001 Plan
Faith,
Regarding the 2001 plan, the members of the west desk are as follows:
Name Title
Trading
Phillip Allen VP
Mike Grigsby Director
Keith Holst Manager(possible Director)
Janie Tholt Director
Steve South Director
Frank Ermis Manager
Tori Kuykendall Manager
Matt Lenhart Analyst(possible associate)
Monique Sanchez Commercial Support Manager
Jay Reitmeyer Senior Specialist
Ina Rangel Assistant (split costs with middle market)
Marketing
Barry Tycholiz Director
Mark Whitt Director
Paul Lucci Manager (possible Director)
2-3 TBD
Do I need to give you the names of our operations group?
Special Pays- I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.
I know you have been working with Barry T. if his headcount is different on
the Marketing staff use his numbers. Let me know if there is anything else
you need.
Phillip
|
Date: Wed, 15 Nov 2000 08:10:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: San Marcos Study
Body:
George,
The other files opened fine, but I can't open winmail.dat files. Can you
resend this one in a pdf format.?
Thanks,
Phillip |
Date: Tue, 14 Nov 2000 09:08:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject:
Body:
Phillip, How are you today I am very busy but I have to let you know that #37
I.Knockum is pd up untill 11/17/00 because on 10/26/00 she pd 250.00 so i
counted and tat pays her up untill 10/26/ or did i count wrong?
Lucy says:
she pays 125.00 a week but she'sgoing on vacation so thjat is why she pd more
Lucy says:
I have all the deposit ready but she isn't due on this roll I just wanted to
tell you because you might think she didn't pay or something
Lucy says:
the amnt is:4678.00 I rented #23 aand #31 may be gone tonight I have been
putting in some overtime trying to rent something out i didnt leave last
night untill 7:00 and i have to wait for someone tonight that works late.
phillip says:
send me the rentroll when you can
phillip says:
Did I tell you that I am going to try and be there this Fri & Sat
Lucy says:
no you didn't tell me that you were going to be here but wade told me this
morning I sent you the roll did you get it? Did you need me here this weekend
because I have a sweet,sixteen I'm getting ready for and if you need me here
Sat,then I will get alot done before then.
phillip says:
We can talk on Friday
Lucy says:
okay see ya later bye.
Lucy says:
I sent you the roll did you get it ?
phillip says:
yes thank you
The following message could not be delivered to all recipients:
yes thank you
|
Date: Mon, 7 May 2001 12:28:00 -0700 (PDT)
From: phillip.allen@enron.com
To: matthew.lenhart@enron.com, jay.reitmeyer@enron.com, matt.smith@enron.com
Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Body:
Privileged & Confidential Communication Attorney-Client Communication and
Attorney Work Product Privileges Asserted
Can you guys coordinate to make sure someone listens to this conference call each week. Tara from the fundamental group was recording these calls when they happened every day.
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/07/2001 07:26 AM ---------------------------
James D Steffes@ENRON
05/03/2001 05:44 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Privileged & Confidential Communication
Attorney-Client Communication and Attorney Work Product Privileges Asserted
Please forward to anyone on your team that wants updates on Western wholesale matters (should also give you an opportunity to raise state matters if you want to discuss).
Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 05/03/2001 07:42 AM ---------------------------
Ray Alvarez
05/02/2001 05:40 PM
To: Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Rebecca W Cantrell/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, jalexander@gibbs-bruns.com, Phillip K Allen/HOU/ECT@ECT
cc: Linda J Noske/HOU/ECT@ECT
Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Privileged & Confidential Communication
Attorney-Client Communication and Attorney Work Product Privileges Asserted
Date: Every Thursday
Time: 1:00 pm Pacific, 3:00 pm Central, and 4:00 pm Eastern time,
Number: 1-888-271-0949,
Host Code: 661877, (for Jim only),
Participant Code: 936022, (for everyone else),
Attached is the table of the on-going FERC issues and proceedings updated for use on tomorrow's conference call. It is available to all team members on the O drive. Please feel free to revise/add to/ update this table as appropriate.
Proposed agenda for tomorrow:
Power- Discussion of FERC market monitoring and mitigation order in EL00-95-12 and review of upcoming filings
Gas- Response to subpoenas of SoCal Edison in RP00-241 and upcoming items
Misc.
I will be unable to participate in the call tomorrow as I will be attending the Senate Energy and Resource Committee Hearing on the elements of the FERC market monitoring and mitigation order.
|
Date: Tue, 14 Nov 2000 06:33:00 -0800 (PST)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: New Employee on 32
Body:
Ina,
Where can we put Barry T.?
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/14/2000
02:32 PM ---------------------------
Barry Tycholiz
11/13/2000 08:06 AM
To: Ina Rangel/HOU/ECT@ECT
cc: Phillip K Allen/HOU/ECT@ECT
Subject: New Employee on 32
I will be relocating to 32 effective Dec. 4. Can you have me set up with all
the required equipment including, PC ( 2 Flat screens), Telephone, and cell
phone. Talk to Phillip regarding where to set my seat up for right now.
Thanks in advance. .
Barry
If there are any questions... Give me a call. ( 403-) 245-3340.
|
Date: Mon, 13 Nov 2000 05:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: Resumes
Body:
George,
Just a note to check in. Are there any new developments?
Phillip |
Date: Mon, 13 Nov 2000 05:25:00 -0800 (PST)
From: phillip.allen@enron.com
To: faith.killen@enron.com
Subject: Re: West Gas 2001 Plan
Body:
Faith,
Regarding the 2001 plan, the members of the west desk are as follows:
Name Title
Trading
Phillip Allen VP
Mike Grigsby Director
Keith Holst Manager(possible Director)
Janie Tholt Director
Steve South Director
Frank Ermis Manager
Tori Kuykendall Manager
Matt Lenhart Analyst(possible associate)
Monique Sanchez Commercial Support Manager
Jay Reitmeyer Senior Specialist
Ina Rangel Assistant (split costs with middle market)
Marketing
Barry Tycholiz Director
Mark Whitt Director
Paul Lucci Manager (possible Director)
2-3 TBD
Do I need to give you the names of our operations group?
Special Pays- I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.
I know you have been working with Barry T. if his headcount is different on
the Marketing staff use his numbers. Let me know if there is anything else
you need.
Phillip
|
Date: Fri, 3 Nov 2000 07:43:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/03/2000
03:45 PM ---------------------------
Ina Rangel
11/03/2000 11:53 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL
Phillip,
Here is your hotel itinerary for Monday night.
-Ina
---------------------- Forwarded by Ina Rangel/HOU/ECT on 11/03/2000 01:53 PM
---------------------------
SHERRI SORRELS <ssorrels_vitoltvl@yahoo.com> on 11/03/2000 01:52:21 PM
To: INA.RANGEL@ENRON.COM
cc:
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL
SALES AGT: JS/ZBATUD
ALLEN/PHILLIP
ENRON
1400 SMITH
HOUSTON TX 77002
INA RANGEL X37257
DATE: NOV 03 2000 ENRON
HOTEL 06NOV DOUBLETREE DURANGO
07NOV 501 CAMINO DEL RIO
DURANGO, CO 81301
TELEPHONE: (970) 259-6580
CONFIRMATION: 85110885
REFERENCE: D1KRAC
RATE: RAC USD 89.00 PER NIGHT
GHT
ADDITIONAL CHARGES MAY APPLY
INVOICE TOTAL 0
THANK YOU
***********************************************
**48 HR CANCELLATION REQUIRED**
THANK YOU FOR CALLING VITOL TRAVEL
__________________________________________________
Do You Yahoo!?
From homework help to love advice, Yahoo! Experts has your answer.
http://experts.yahoo.com/ |
Date: Wed, 23 Aug 2000 08:22:00 -0700 (PDT)
From: phillip.allen@enron.com
To: chad.landry@enron.com
Subject: Re: You Game?
Body:
raincheck? |
Date: Fri, 3 Nov 2000 05:57:00 -0800 (PST)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com
Subject: New Generation as of Oct 24th
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/03/2000
01:40 PM ---------------------------
Kristian J Lande
11/03/2000 08:36 AM
To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G
Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Clark/PDX/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Paul Choi/SF/ECT@ECT, John
Malowney/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT
Subject: New Generation as of Oct 24th
As noted in my last e-mail, the Ray Nixon expansion project in Colorado had
the incorrect start date. My last report showed an online date of May 2001;
the actual anticipated online date is May 2003.
The following list ranks the quality and quantity of information that I have
access to in the WSCC:
1) CA - siting office, plant contacts
2) PNW - siting offices, plant contacts
3) DSW - plant contacts, 1 siting office for Maricopa County Arizona.
4) Colorado - Integrated Resource Plan
If anyone has additional information regarding new generation in the Desert
Southwest or Colorado, such as plant phone numbers or contacts, I would
greatly appreciate receiving this contact information. |
Date: Thu, 2 Nov 2000 08:12:00 -0800 (PST)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/02/2000
04:12 PM ---------------------------
"phillip allen" <pallen70@hotmail.com> on 11/02/2000 12:58:03 PM
To: pallen@enron.com
cc:
Subject:
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
Share information about yourself, create your own public profile at
http://profiles.msn.com.
- rentroll_1027.xls
- rentroll_1103.xls |
Date: Wed, 9 Aug 2000 06:36:00 -0700 (PDT)
From: phillip.allen@enron.com
To: chad.landry@enron.com
Subject: Re: Pick your Poison?
Body:
No can do.
Are you in the zone? |
Date: Thu, 2 Nov 2000 05:26:00 -0800 (PST)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject: Re: Resumes
Body:
George,
Your attachment is not opening on my computer. Can you put the info in
Word instead?
Thanks,
Phillip |
Date: Thu, 2 Nov 2000 02:36:00 -0800 (PST)
From: phillip.allen@enron.com
To: colin.tonks@enron.com
Subject: Resumes
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/02/2000
10:36 AM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 11/02/2000 07:17:16 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc:
Subject: Resumes
Please excuse the delay in getting these resumes to you. Larry did not have
his prepared and then I forgot to send them. I'll try to get a status
report to you latter today.
- winmail.dat |
Date: Wed, 1 Nov 2000 08:05:00 -0800 (PST)
From: phillip.allen@enron.com
To: dawn.kenne@enron.com
Subject: Re: Inquiry....
Body:
Put me down as a reviewer |
Date: Wed, 1 Nov 2000 07:17:00 -0800 (PST)
From: phillip.allen@enron.com
To: dawn.kenne@enron.com
Subject: Re: Inquiry....
Body:
can you fill it in yourself? I will sign it. |
Date: Mon, 7 May 2001 11:54:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: California Update 5/4/01
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/07/2001 0=
6:54 AM ---------------------------
From:=09Kristin Walsh/ENRON@enronXgate on 05/04/2001 04:32 PM CDT
To:=09John J Lavorato/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT
cc:=09Phillip K Allen/HOU/ECT@ECT, Tim Belden/ENRON@enronXgate, Jeff Dasovi=
ch/NA/Enron@Enron, Chris Gaskill/ENRON@enronXgate, Mike Grigsby/HOU/ECT@ECT=
, Tim Heizenrader/ENRON@enronXgate, Vince J Kaminski/HOU/ECT@ECT, Steven J =
Kean/NA/Enron@Enron, Rob Milnthorp/CAL/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,=
Claudio Ribeiro/ENRON@enronXgate, Richard Shapiro/NA/Enron@Enron, James D =
Steffes/NA/Enron@Enron, Mark Tawney/ENRON@enronXgate, Scott Tholan/ENRON@en=
ronXgate, Britt Whitman/ENRON@enronXgate, Lloyd Will/HOU/ECT@ECT=20
Subject:=09California Update 5/4/01
If you have any questions, please contact Kristin Walsh at (713) 853-9510.
Bridge Loan Financing Bills May Not Meet Their May 8th Deadline Due to Lack=
of Support
Sources report there will not be a vote regarding the authorization for the=
bond issuance/bridge loan by the May 8th deadline. Any possibility for a=
deal has reportedly fallen apart. According to sources, both the Republic=
ans and Democratic caucuses are turning against Davis. The Democratic cauc=
us is reportedly "unwilling to fight" for Davis. Many legislative Republic=
ans and Democrats reportedly do not trust Davis and express concern that, o=
nce the bonds are issued to replenish the General Fund, Davis would "double=
dip" into the fund. Clearly there is a lack of good faith between the leg=
islature and the governor. However, it is believed once Davis discloses th=
e details of the power contracts negotiated, a bond issuance will take plac=
e. Additionally, some generator sources have reported that some of the lon=
g-term power contracts (as opposed to those still in development) require t=
hat the bond issuance happen by July 1, 2001. If not, the state may be in =
breach of contract. Sources state that if the legislature does not pass th=
e bridge loan legislation by May 8th, having a bond issuance by July 1st wi=
ll be very difficult.
The Republicans were planning to offer an alternative plan whereby the stat=
e would "eat" the $5 billion cost of power spent to date out of the General=
Fund, thereby decreasing the amount of the bond issuance to approximately =
$8 billion. However, the reportedly now are not going to offer even this =
concession. Sources report that the Republicans intend to hold out for ful=
l disclosure of the governor's plan for handling the crisis, including the =
details and terms of all long-term contracts he has negotiated, before they=
will support the bond issuance to go forward.
Currently there are two bills dealing with the bridge loan; AB 8X and AB =
31X. AB 8X authorizes the DWR to sell up to $10 billion in bonds. This bi=
ll passed the Senate in March, but has stalled in the Assembly due to a lac=
k of Republican support. AB 31X deals with energy conservation programs fo=
r community college districts. However, sources report this bill may be am=
ended to include language relevant to the bond sale by Senator Bowen, curre=
ntly in AB 8X. Senator Bowen's language states that the state should get =
paid before the utilities from rate payments (which, if passed, would be li=
kely to cause a SoCal bankruptcy).=20
=20
According to sources close to the Republicans in the legislature, Republic=
ans do not believe there should be a bridge loan due to money available in =
the General Fund. For instance, Tony Strickland has stated that only 1/2 =
of the bonds (or approximately $5 billion) should be issued. Other Republ=
icans reportedly do not support issuing any bonds. The Republicans intend=
to bring this up in debate on Monday. Additionally, Lehman Brothers repo=
rtedly also feels that a bridge loan is unnecessary and there are some ind=
ications that Lehman may back out of the bridge loan.
=20
Key Points of the Bridge Financing
Initial Loan Amount:=09$4.125 B
Lenders:=09=09JP Morgan=09=09$2.5 B
=09=09=09Lehman Brothers=09=09$1.0 B
=09=09=09Bear Stearns=09=09$625 M
Tax Exempt Portion:=09Of the $4.125 B; $1.6 B is expected to be tax-exempt
Projected Interest Rate:=09Taxable Rate=09=095.77%
=09=09=09Tax-Exempt Rate=09=094.77%
Current Projected=20
Blended IR:=09=095.38%
Maturity Date:=09=09August 29, 2001
For more details please contact me at (713) 853-9510
Bill SB 6X Passed the Senate Yesterday, but Little Can be Done at This Time
The Senate passed SB 6X yesterday, which authorizes $5 billion to create t=
he California Consumer Power and Conservation Authority. The $5 billion=
authorized under SB 6X is not the same as the $5 billion that must be aut=
horized by the legislature to pay for power already purchased, or the addi=
tional amount of bonds that must be authorized to pay for purchasing power =
going forward. Again, the Republicans are not in support of these authoriz=
ations. Without the details of the long-term power contracts the governor =
has negotiated, the Republicans do not know what the final bond amount is =
that must be issued and that taxpayers will have to pay to support. No f=
urther action can be taken regarding the implementation of SB 6X until it =
is clarified how and when the state and the utilities get paid for purchas=
ing power. Also, there is no staff, defined purpose, etc. for the Calif=
ornia Public Power and Conservation Authority. However, this can be consi=
dered a victory for consumer advocates, who began promoting this idea earl=
ier in the crisis.
=20
SoCal Edison and Bankruptcy
At this point, two events would be likely to trigger a SoCal bankruptcy. T=
he first would be a legislative rejection of the MOU between SoCal and the =
governor. The specified deadline for legislative approval of the MOU is Au=
gust 15th, however, some decision will likely be made earlier. According t=
o sources, the state has yet to sign the MOU with SoCal, though SoCal has s=
igned it. The Republicans are against the MOU in its current form and Davi=
s and the Senate lack the votes needed to pass. If the legislature indicat=
es that it will not pas the MOU, SoCal would likely file for voluntary bank=
ruptcy (or its creditor - involuntary) due to the lack operating cash. =20
The second likely triggering event, which is linked directly to the bond is=
suance, would be an effort by Senator Bowen to amend SB 31X (bridge loan) s=
tating that the DWR would received 100% of its payments from ratepayers, th=
en the utilities would receive the residual amount. In other words, the st=
ate will get paid before the utilities. If this language is included and p=
assed by the legislature, it appears likely that SoCal will likely file for=
bankruptcy. SoCal is urging the legislature to pay both the utilities and=
the DWR proportionately from rate payments. |
Date: Wed, 1 Nov 2000 03:34:00 -0800 (PST)
From: phillip.allen@enron.com
To: matthew.lenhart@enron.com
Subject: Generation
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/01/2000
11:33 AM ---------------------------
Jeff Richter
10/20/2000 02:16 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Generation
http://westpower.enron.com/ca/generation/default.asp |
Date: Tue, 31 Oct 2000 07:02:00 -0800 (PST)
From: phillip.allen@enron.com
To: bob.schorr@enron.com
Subject: Re: Approval for Plasma Screens
Body:
Bob,
Activate Plan B. No money from John.
Wish I had better news.
Phillip |
Date: Tue, 31 Oct 2000 07:00:00 -0800 (PST)
From: phillip.allen@enron.com
To: david.delainey@enron.com
Subject:
Body:
Cc: john.lavorato@enron.com
Bcc: john.lavorato@enron.com
Dave,
The back office is having a hard time dealing with the $11 million dollars
that is to be recognized as transport expense by the west desk then recouped
from the Office of the Chairman. Is your understanding that the West desk
will receive origination each month based on the schedule below.
The Office of the Chairman agrees to grant origination to the Denver desk as
follows:
October 2000 $1,395,000
November 2000 $1,350,000
December 2000 $1,395,000
January 2001 $ 669,600
February 2001 $ 604,800
March 2001 $ 669,600
April 2001 $ 648,000
May 2001 $ 669,600
June 2001 $ 648,000
July 2001 $ 669,600
August 2001 $ 669,600
September 2001 $ 648,000
October 2001 $ 669,600
November 2001 $ 648,000
December 2001 $ 669,600
This schedule represents a demand charge payable to NBP Energy Pipelines by
the Denver desk. The demand charge is $.18/MMBtu on 250,000 MMBtu/Day
(Oct-00 thru Dec-00) and 120,000 MMBtu/Day (Jan-01 thru Dec-01). The ENA
Office of the Chairman has agreed to reimburse the west desk for this expense.
Let me know if you disagree.
Phillip |
Date: Tue, 31 Oct 2000 04:44:00 -0800 (PST)
From: phillip.allen@enron.com
To: stephen.stock@enron.com
Subject: Re: Astral downtime request
Body:
Steve,
Thank you for the update. The need is still great for this disk space.
Phillip |
Date: Tue, 31 Oct 2000 04:27:00 -0800 (PST)
From: phillip.allen@enron.com
To: bob.schorr@enron.com
Subject: Re: Approval for Plasma Screens
Body:
Bob,
I spoke to Jeff. He said he would not pay anything. I am waiting for John to
be in a good mood to ask. What is plan B?
Phillip |
Date: Tue, 31 Oct 2000 04:12:00 -0800 (PST)
From: phillip.allen@enron.com
To: anne.bike@enron.com
Subject: November fixed-price deals
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/31/2000
12:11 PM ---------------------------
liane_kucher@mcgraw-hill.com on 10/31/2000 09:57:05 AM
To: Phillip.K.Allen@enron.com
cc:
Subject: November fixed-price deals
Phil,
Thanks so much for pulling together the November bidweek information for the
West and getting it to us with so much detail well before our deadline. Please
call me if you have any questions, comments, and/or concerns about bidweek.
Liane Kucher, Inside FERC Gas Market Report
202-383-2147 |
Date: Mon, 30 Oct 2000 01:14:00 -0800 (PST)
From: phillip.allen@enron.com
To: vladimir.gorny@enron.com
Subject: ERMS / RMS Databases
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/30/2000
09:14 AM ---------------------------
Enron Technology
From: Stephen Stock 10/27/2000 12:49 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: ERMS / RMS Databases
Phillip,
It looks as though we have most of the interim hardware upgrades in the
building now, although we are still expecting a couple of components to
arrive on Monday.
The Unix Team / DBA Team and Applications team expect to have a working test
server environment on Tuesday. If anything changes, I'll let you know.
best regards
Steve Stock |
Date: Fri, 27 Oct 2000 03:59:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jeff.richter@enron.com
Subject:
Body:
Cc: robert.badeer@enron.com
Bcc: robert.badeer@enron.com
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/27/2000
10:47 AM ---------------------------
From: Phillip K Allen 10/27/2000 08:30 AM
To: Jeff Richter/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT
cc:
Subject:
We linked the file you sent us to telerate and we replace >40000 equals $250
to a 41.67 heat rate. We applied forward gas prices to historical loads. I
guess this gives us a picture of a low load year and a normal load year.
Prices seem low. Looks like November NP15 is trading above the cap based on
Nov 99 loads and current gas prices. What about a forecast for this November
loads.
Let me know what you think.
Phillip |
Date: Fri, 27 Oct 2000 03:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jeff.richter@enron.com, robert.badeer@enron.com, tim.belden@enron.com
Subject:
Body:
We linked the file you sent us to telerate and we replace >40000 equals $250
to a 41.67 heat rate. We applied forward gas prices to historical loads. I
guess this gives us a picture of a low load year and a normal load year.
Prices seem low. Looks like November NP15 is trading above the cap based on
Nov 99 loads and current gas prices. What about a forecast for this November
loads.
Let me know what you think.
Phillip |
Date: Fri, 27 Oct 2000 00:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: dexter@intelligencepress.com
Subject: Re: password
Body:
Dexter,
I spoke to our EOL support group and requested a guest id for
you. Did you receive an email with a login and password yesterday?
If not, call me and I will find out why not.
Phillip
713-853-7041 |
Date: Fri, 4 May 2001 15:18:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com,
jane.tholt@enron.com, jay.reitmeyer@enron.com,
tori.kuykendall@enron.com, matthew.lenhart@enron.com
Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Body:
Privileged & Confidential Communication Attorney-Client Communication and
Attorney Work Product Privileges Asserted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/04/2001 10:15 AM ---------------------------
James D Steffes@ENRON
05/03/2001 05:44 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Privileged & Confidential Communication
Attorney-Client Communication and Attorney Work Product Privileges Asserted
Please forward to anyone on your team that wants updates on Western wholesale matters (should also give you an opportunity to raise state matters if you want to discuss).
Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 05/03/2001 07:42 AM ---------------------------
Ray Alvarez
05/02/2001 05:40 PM
To: Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Rebecca W Cantrell/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, jalexander@gibbs-bruns.com, Phillip K Allen/HOU/ECT@ECT
cc: Linda J Noske/HOU/ECT@ECT
Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Privileged & Confidential Communication
Attorney-Client Communication and Attorney Work Product Privileges Asserted
Date: Every Thursday
Time: 1:00 pm Pacific, 3:00 pm Central, and 4:00 pm Eastern time,
Number: 1-888-271-0949,
Host Code: 661877, (for Jim only),
Participant Code: 936022, (for everyone else),
Attached is the table of the on-going FERC issues and proceedings updated for use on tomorrow's conference call. It is available to all team members on the O drive. Please feel free to revise/add to/ update this table as appropriate.
Proposed agenda for tomorrow:
Power- Discussion of FERC market monitoring and mitigation order in EL00-95-12 and review of upcoming filings
Gas- Response to subpoenas of SoCal Edison in RP00-241 and upcoming items
Misc.
I will be unable to participate in the call tomorrow as I will be attending the Senate Energy and Resource Committee Hearing on the elements of the FERC market monitoring and mitigation order.
|
Date: Wed, 25 Oct 2000 10:31:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject:
Body:
George,
The San Marcos project is sounding very attractive. I have one other
investor in addition to Keith that has interest. Some additional background
information on Larry and yourself would be helpful.
Background Questions:
Please provide a brief personal history of the two principals involved in
Creekside.
Please list projects completed during the last 5 years. Include the project
description, investors, business entity,
Please provide the names and numbers of prior investors.
Please provide the names and numbers of several subcontractors used on
recent projects.
With regard to the proposed investment structure, I would suggest a couple
of changes to better align the risk/reward profile between Creekside and the
investors.
Preferable Investment Structure:
Developers guarantee note, not investors.
Preferred rate of return (10%) must be achieved before any profit sharing.
Builder assumes some risk for cost overruns.
Since this project appears so promising, it seems like we should
tackle these issues now. These questions are not intended to be offensive in
any way. It is my desire to build a successful project with Creekside that
leads to future opportunities. I am happy to provide you with any
information that you need to evaluate myself or Keith as a business partner.
Sincerely,
Phillip Allen
|
Date: Wed, 25 Oct 2000 09:08:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bob.m.hall@enron.com
Subject:
Body:
Cc: robert.superty@enron.com, randall.gay@enron.com
Bcc: robert.superty@enron.com, randall.gay@enron.com
Bob,
Patti Sullivan held together the scheduling group for two months while Randy
Gay was on a personal leave. She displayed a tremendous amount of commitment
to the west desk during that time. She frequently came to work before 4 AM
to prepare operations reports. Patti worked 7 days a week during this time.
If long hours were not enough, there was a pipeline explosion during this
time which put extra volatility into the market and extra pressure on Patti.
She didn't crack and provided much needed info during this time.
Patti is performing the duties of a manager but being paid as a sr.
specialist. Based on her heroic efforts, she deserves a PBR. Let me know
what is an acceptable cash amount.
Phillip |
Date: Tue, 24 Oct 2000 09:49:00 -0700 (PDT)
From: phillip.allen@enron.com
To: andy.zipper@enron.com
Subject: Re:
Body:
Andy,
Please assign a user name to Randy Gay.
Thank you,
Phillip |
Date: Tue, 24 Oct 2000 07:50:00 -0700 (PDT)
From: phillip.allen@enron.com
To: andy.zipper@enron.com
Subject:
Body:
Andy,
I spoke to John L. and he ok'd one of each new electronic system for the
west desk. Are there any operational besides ICE and Dynegy? If not, can
you have your assistant call me with id's and passwords.
Thank you,
Phillip |
Date: Tue, 24 Oct 2000 06:29:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Investment Structure
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/24/2000
01:29 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker"
<clclegal2@aol.com>
Subject: Investment Structure
STRUCTURE:
Typically the structure is a limited partnership with a corporate (or LLC)
general partner. The General Partner owns 1% of the project and carries the
liability of construction.
LAND OWNERSHIP & LOANS
The property would be purchased in the name of the limited partnership and
any land loans, land improvements loans and construction loans would be in
the name of the limited partnership. Each of the individual investors and
all of the principals in Creekside would also personally guarantee the
loans. If the investor(s) do not sign on the loans, this generally means
that a larger amount of cash is required and the investor's share of profits
is reduced.
All loans for residential construction, that are intended for re-sale, are
full recourse loans. If we are pursuing multifamily rental developments,
the construction loans are still full recourse but the mortgage can often be
non-recourse.
USE OF INITIAL INVESTMENT
The initial investment is used for land deposit, engineering &
architectural design, soils tests, surveys, filing fees, legal fees for
organization and condominium association formation, and appraisals. Unlike
many real estate investment programs, none of the funds are used for fees to
Creekside Builders, LLC. These professional expenses will be incurred over
the estimated 6 month design and approval period.
EARLY LAND COSTS
The $4,000 per month costs listed in the cash flow as part of land cost
represent the extension fees due to the seller for up to 4 months of
extensions on closing. As an alternative, we can close into a land loan at
probably 70% of appraised value. With a land value equal to the purchase
price of $680,000 this would mean a land loan of $476,000 with estimated
monthly interest payments of $3,966, given a 10% annual interest rate, plus
approximately 1.25% of the loan amount for closing costs and loan fees.
EQUITY AT IMPROVEMENT LOAN
Once the site plan is approved by the City of Austin, the City will require
the development entity to post funds for fiscal improvements, referred to as
the "fiscals". This cost represents a bond for the completion of
improvements that COA considers vital and these funds are released once the
improvements have been completed and accepted by COA. This release will be
for 90% of the cost with the remaining 10% released one year after
completion. Releases can be granted once every 90 days and you should
expect that the release would occur 6 months after the start of lot
improvement construction. These fiscals are usually posted in cash or an
irrevocable letter of credit. As such, they have to be counted as a
development cost, even though they are not spent. Because they are not
spent no interest is charged on these funds.
The lot improvement loan is typically 75% of the appraised value of a
finished lot, which I suspect will be at least $20,000 and potentially as
high as $25,000. This would produce a loan amount of $15,000 on $20,000
per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at
$2,000 and the land cost at $8,000 , total improved lot cost is $19,000
which means $0 to $4,000 per lot in total equity. The investment prior to
obtaining the improvement loan would count towards any equity requirement
provided it was for direct costs. Thus, the additional equity for the
improvement loan would be $0-$184,000. Even if the maximum loan would
cover all costs, it is unlikely the bank would allow reimbursement of funds
spent. The higher estimates of equity investments are shown in the
preliminary proforma to be on the safe side. The engineer is preparing a
tentative site layout with an initial evaluation of the phasing, which can
significantly reduce the cash equity requirement.
Phasing works as follows. If the first phase was say 40 units, the total
lot improvement cost might average $31,000 per lot. Of this, probably
$13,000 would be for improvements and $19,000 for the land cost. The
improvements are higher to cover large one time up front costs for design
costs, the entry road, water treatment costs, perimeter fencing and
landscaping, and so on, as well as for 100% of the land. The land loan for
undeveloped lots would be 70% of the appraised raw lot value, which I would
estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the
loan value for each improved lot would be $15,000 per lot. This would give
you a total loan of $992,000, total cost of $1,232,645 for equity required
of $241,000. This was not presented in the initial analysis as the phasing
is depended on a more careful assessment by the Civil Engineer as the
separate phases must each be able to stand on its own from a utility
standpoint.
CONSTRUCTION LOANS
There are three types of construction loans. First, is a speculative
(spec) loan that is taken out prior to any pre-sales activity. Second, is
a construction loan for a pre-sold unit, but the loan remains in the
builder/developers name. Third, is a pre-sold unit with the construction
loan in the name of the buyer. We expect to have up to 8 spec loans to
start the project and expect all other loans to be pre-sold units with loans
in the name of the builder/developer. We do not expect to have any
construction loans in the name of the buyers, as such loans are too
difficult to manage and please new buyers unfamiliar with the process.
Spec loans will be for 70% to 75% of value and construction loans for
pre-sold units, if the construction loan is from the mortgage lender, will
be from 80% to 95% of value.
DISBURSEMENTS
Disbursements will be handled by the General Partner to cover current and
near term third party costs, then to necessary reserves, then to priority
payments and then to the partners per the agreement. The General Partner
will contract with Creekside Builders, LLC to construct the units and the
fee to CB will include a construction management and overhead fee equal to
15% of the direct hard cost excluding land, financing and sales costs.
These fees are the only monies to Creekside, Larry Lewter or myself prior to
calculation of profit, except for a) direct reimbursement for partnership
expenses and b) direct payment to CB for any subcontractor costs that it has
to perform. For example, if CB cannot find a good trim carpenter sub, or
cannot find enough trim carpenters, etc., and it decides to undertake this
function, it will charge the partnership the same fee it was able to obtain
from third parties and will disclose those cases to the partnership.
Finally, CB will receive a fee for the use of any of its equipment if it is
used in lieu of leasing equipment from others. At present CB does not own
any significant equipment, but it is considering the purchase of a sky track
to facilitate and speed up framing, cornice, roofing and drywall spreading.
REPORTING
We are more than willing to provide reports to track expenses vs. plan.
What did you have in mind? I would like to use some form of internet based
reporting.
BOOKKEEPING
I am not sure what you are referring to by the question, "Bookkeeping
procedures to record actual expenses?" Please expand.
INVESTOR INPUT
We are glad to have the investor's input on design and materials. As always
the question will be who has final say if there is disagreement, but in my
experience I have always been able to reach consensus. As you, and I presume
Keith, want to be involved to learn as much as possible we would make every
effort to be accommodating.
CREEKSIDE PROCEEDURES
CB procedures for dealing with subs, vendors and professionals is not as
formal as your question indicates. In the EXTREMELY tight labor market
obtaining 3 bids for each labor trade is not feasible. For the professional
subs we use those with whom we have developed a previous rapport. Finally,
for vendors they are constantly shopped.
PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS
Yes there are many different subs that have been identified and I can
provide these if you are interested.
I know I have not answered everything, but this is a starting point. Call
when you have reviewed and we can discuss further.
Sincerely,
George Richards
President, Creekside Builders, LLC
- winmail.dat |
Date: Tue, 24 Oct 2000 05:52:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bob.m.hall@enron.com
Subject:
Body:
Cc: robert.superty@enron.com
Bcc: robert.superty@enron.com
Bob,
Regarding Patti Sullivan's contributions to the west desk this year, her
efforts deserve recognition and a PBR award. Patti stepped up to fill the
gap left by Randy Gay's personal leave. Patti held together the scheduling
group for about 2 month's by working 7days a week during this time. Patti
was always the first one in the office during this time. Frequently, she
would be at work before 4 AM to prepare the daily operation package. All the
traders came to depend on the information Patti provided. This information
has been extremely critical this year due to the pipeline explosion and size
of the west desk positions.
Please call to discuss cash award.
Phillip |
Date: Tue, 24 Oct 2000 05:16:00 -0700 (PDT)
From: phillip.allen@enron.com
To: rbandekow@home.com
Subject: Re: Enron
Body:
Richard,
Are you available at 5:30 ET today?
Phillip |
Date: Mon, 23 Oct 2000 08:55:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jedglick@hotmail.com
Subject: Enron
Body:
Jed,
I understand you have been contacted regarding a telephone interview to
discuss trading opportunities at Enron. I am sending you this message to
schedule the interview. Please call or email me with a time that would be
convenient for you. I look forward to speaking with you.
Phillip Allen
West Gas Trading
pallen@enron.com
713-853-7041 |