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Date: Fri, 20 Oct 2000 03:06:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here are the actual utility bills versus the cap. Did we collect
these overages? Let's discuss further? Remember these bills were paid in
July and August. The usage dates are much earlier. I have the bills but I
can get them to you if need be.
Philip |
Date: Wed, 18 Oct 2000 07:44:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bob.schorr@enron.com
Subject: Re: EOL Screens in new Body Shop
Body:
Bob,
Any time tomorrow between 10 am and 1 pm would be good for looking at the
plans. As far as the TV's, what do you need me to do? Do we need plasma
screens or would regular monitors be just as good at a fraction of the cost.
Phillip |
Date: Wed, 13 Dec 2000 18:41:00 -0800 (PST)
From: 1.11913372.-2@multexinvestornetwork.com
To: pallen@enron.com
Subject: December 14, 2000 - Bear Stearns' predictions for telecom in Latin
Body:
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Date: Wed, 13 Dec 2000 08:35:00 -0800 (PST)
From: messenger@ecm.bloomberg.com
Subject: Bloomberg Power Lines Report
Body:
Here is today's copy of Bloomberg Power Lines. Adobe Acrobat Reader is
required to view the attached pdf file. You can download a free version
of Acrobat Reader at
http://www.adobe.com/products/acrobat/readstep.html
If you have trouble downloading the attached file it is also located at
http://www.bloomberg.com/energy/daily.pdf
Don't forget to check out the Bloomberg PowerMatch West Coast indices, the
most accurate indices anywhere. Index values are calculated from actual tra=
des
and can be audited by all PowerMatch customers.
Our aim is to bring you the most timely electricity market coverage in the
industry and we welcome your feedback on how we can improve the product=20
further.
Bloomberg Energy Department
12/13 Bloomberg Daily Power Report
Table
Bloomberg U.S. Regional Electricity Prices
($/MWh for 25-50 MWh pre-scheduled packages, excluding transmission=
=20
costs)
On-Peak
West Coast Index Change Low High
Mid-Columbia 362.50 -312.50 350.00 375.00
Ca-Or Border 452.50 -172.50 430.00 475.00
NP15 387.50 -206.25 325.00 450.00
SP15 307.50 -233.50 300.00 315.00
Ault Colorado 350.00 -125.00 300.00 315.00
Mead 335.00 -187.50 320.00 350.00
Palo Verde 336.25 -136.53 320.00 350.00
Four Corners 330.00 -182.50 325.00 335.00
Mid-Continent
ECAR 69.20 -22.71 63.00 75.86
East 75.00 -13.00 74.00 76.00
AEP 67.00 -25.50 59.00 75.00
West 68.00 -24.50 60.00 75.00
Central 67.90 -23.19 59.00 75.00
Cinergy 67.90 -23.19 59.00 75.00
South 70.25 -23.95 65.00 80.00
North 68.33 -25.67 65.00 75.00
Main 72.56 -19.78 62.50 87.50
Com-Ed 68.70 -21.37 60.00 75.00
Lower 76.43 -18.17 65.00 100.00
MAPP 99.92 -40.91 75.00 125.00
North 99.00 -37.67 75.00 125.00
Lower 100.83 -44.17 75.00 125.00
Gulf Coast
SPP 85.00 -18.50 80.00 92.50
Northern 88.00 -39.00 78.00 100.00
ERCOT 55.00 -40.00 50.00 60.00
SERC 77.04 -6.66 72.34 81.98
Va Power 66.00 +25.00 60.00 70.00
VACAR 67.50 -9.50 62.00 70.00
Into TVA 70.25 -23.95 65.00 80.00
Out of TVA 76.02 -24.61 69.41 84.87
Entergy 80.00 -30.80 75.00 85.00
Southern 90.00 +10.00 90.00 90.00
Fla/Ga Border 85.50 +4.50 81.00 90.00
FRCC 110.00 +65.00 110.00 110.00
East Coast
NEPOOL 90.50 +0.50 90.50 90.50
New York Zone J 91.00 +7.50 90.00 92.00
New York Zone G 74.50 +1.00 73.50 75.50
New York Zone A 68.83 +6.13 65.50 73.50
PJM 67.08 -12.75 62.00 76.00
East 67.08 -12.75 62.00 76.00
West 67.08 -12.75 62.00 76.00
Seller's Choice 66.58 -12.75 61.50 75.50
End Table
Western Power Prices Fall With Warmer Weather, Natural Gas Loss
Los Angeles, Dec. 13 (Bloomberg Energy) -- U.S. Western spot
power prices declined today from a combination of warmer weather
across the region and declining natural gas prices.
According to Belton, Missouri-based Weather Derivatives Inc.,
temperatures in the Pacific Northwest will average about 2 degrees
Fahrenheit above normal for the next seven days. In the Southwest
temperatures will be about 3.5 degree above normal.
At the California-Oregon Border, heavy load power fell
$172.00 from yesterday to $430.00-$475.00.
"What happened to all of this bitter cold weather we were
supposed to have,'' said one Northwest power marketer. Since the
weather is not as cold as expected prices are drastically lower."
Temperatures in Los Angeles today will peak at 66 degrees,
and are expected to rise to 74 degrees this weekend.
Natural gas to be delivered to the California Oregon from the
El Paso Pipeline traded between $20-$21, down $3 from yesterday.
"Gas prices are declining causing western daily power prices
to fall,'' said one Northwest power trader.
At the NP-15 delivery point heavy load power decreased
$206.25 from yesterday to $325.00-$450.00. Light load energy fell
to $200.00-$350.00, falling $175.00 from yesterday.
PSC of New Mexico's 498-megawatt San Juan Unit 4 coal plant
was shut down this morning for a tube leak. The unit is scheduled
to restart this weekend.
At the Four Corners located in New Mexico, power traded at
$325.00-$335.00 plunging $182.50 from yesterday.
-Robert Scalabrino
PJM Spot Power Prices Dip With Weather, Falling Natural Gas
Philadelphia, Dec. 13 (Bloomberg Energy) -- Peak next-day
power prices declined at the western hub of the Pennsylvania-New
Jersey-Maryland Interconnection amid warmer weather forecasts and
falling natural gas prices, traders said.
The Bloomberg index price for peak Thursday power at western
PJM declined an average of $12.75 a megawatt-hour, with trades
ranging from $62.00-$76.00.
Lexington, Massachusetts-based Weather Services Corp.
forecast tomorrow's high temperature in Philadelphia at 40 degrees
Fahrenheit, up 7 degrees from today's expected high. Temperatures
could climb as high as 42 degrees by Friday.
"Most of the day's activity took place in the early part of
the morning," said one PJM-based trader. "By options expiration
the market had pretty much dried up."
Traders said that falling natural gas prices were the main
reason for the decline in spot market prices.
Bloomberg figures show that spot natural gas delivered to the
New York City Gate declined an average of $1.25 per million
British thermal units to $8.60-$8.90 per million Btu. Since
Monday, delivered natural gas prices have declined an average of
$2.44 per million Btu, as revised 6-10 day weather forecasts
indicated reduced utility load requirements.
In New York, prices rose as utilities withheld supplies they
normally would have sold, fearing a sudden change in weather
forecast could force them into high-priced hourly markets.
Peak next-day power at the Zone A delivery point sold $6.13
higher at a Bloomberg index price of $70.33, amid trades in the
$67.00-$75.00 range. Power at Zone J sold $7.50 higher at $90.00-
$92.00.
~
-Karyn Rispoli
Mid-Continent Power Prices Drop on Revised Forecast, Gas Prices
Cincinnati, Dec. 13 (Bloomberg Energy) -- U.S. Mid-Continent
next-day peak power prices plunged as forecasts were revised
warmer and natural gas values continued to decline, traders said.
The Bloomberg index price for peak Thursday power on the
Cincinnati-based Cinergy Corp. transmission system dropped $23.19
to $67.90 a megawatt-hour, with trades ranging from $75.00 as the
market opened down to $59.00 after options expired.
In Mid-America Interconnected Network trading, peak power on
the Chicago-based Commonwealth Edison Co. grid sold $21.37 lower
on average at $60.00-$75.00, while power in lower MAIN sold $18.17
lower at $65.00-$100.00.
Belton, Missouri-based Weather Derivatives Inc. predicted
high temperatures would average 2 degrees Fahrenheit above normal
in Chicago and at normal levels in Cincinnati over the next seven
days, up from 6 and 4 degrees below normal Monday, respectively.
Traders said falling spot natural gas values also pulled
prices down. Natural gas prices were a large factor in recent
electricity market surges because of a heavy reliance on gas-fired
generation to meet increased weather-related demand.
Spot natural gas at the Cincinnati city gate sold an average
of 95 cents less than yesterday at $7.80-$8.30 per million British
thermal units. Spot gas at the Chicago city gate sold an average
of 80 cents less at $7.65-$8.15 per million Btu.
"The weather's moderating and gas is down, so you've got
people coming to their senses," one trader said. "These are much
more realistic prices."
Traders said prices could decline further tomorrow if the
outlook for weather continues to be mild. Peak Cinergy power for
delivery from Dec. 18-22 was offered at $60.00, down from $90.00
yesterday.
Mid-Continent Area Power Pool peak spot power prices plunged
with warmer weather forecasts and increased available transmission
capacity, selling $37.67 less in northern MAPP and $44.17 less in
southern MAPP at $75.00-$125.00.
"What's happening is the people who don't have firm
transmission are getting into the market early and buying at those
high prices since they have no choice," one MAPP trader said.
"Then you've got some people who were lucky enough to get a
firm path who waited until later in the morning when ComEd prices
fell off," he said, "and bought from them at those lower prices,
causing the huge gap between the day's high and low trade."
-Ken Fahnestock
Southeast U.S. Electricity Prices Slump After Mild Forecast
Atlanta, Georgia, Dec. 13 (Bloomberg Energy) -- Southeast
U.S. peak spot power prices slumped today after warmer weather was
forecast for the region this week, traders said.
Traders said Southeast utility demand has been reduced since
many large population centers like Atlanta will see temperatures
climb into the mid-50s Fahrenheit later this week.
"There was nothing going on in Florida today," said one
southern energy trader. "Everything was going to markets in the
north."
Traders said supply was being routed from Florida into
markets on the Entergy Corp. and the Tennessee Valley Authority
grid in the mid-$70s a megawatt-hour.
"Prices into TVA started in the $80s and $90s and crumbled as
forecasts came out," said on Entergy power trader. "Prices,
declined to $60 and less."
The Bloomberg into TVA index price fell an average of $23.95
to $70.25 amid trades in the $65.00-$80.00 range. Off-peak trades
were noted at $32.00, several dollars higher than recent
estimates.
Southeast power traders said revised 6-10 day weather
forecasts and lower temperatures for the balance of this week
caused prices to decline in the region.
In the Southwest Power Pool, traders said warmer weather was
the main culprit behind lower prices.
"The cold weather's backing off," said one SPP utility
trader. "It was minus 35 degrees with the wind chill yesterday and
today it's about 9 degrees with the wind chill. Yesterday, it was
bitter cold and today it was just plain cold."
Power sold in northern sections of SPP at $78-$100, though
the Bloomberg index sank an average of 39.00 to $88.00. Southern
SPP traded at $82.00, $2 more than yesterday.
-Brian Whary
U.K. Day-Ahead Electricity Prices Rise Amid Increased Demand
London, Dec. 13 (Bloomberg Energy) -- Electricity prices in
the U.K. rose today after falling temperatures were expected to
increase household consumption for space heating, traders said.
The day-ahead baseload Pool Purchase Price, calculated by the
Electricity Pool of England and Wales, rose 1.46 pounds to 20.01
pounds a megawatt-hour.
Temperatures across the U.K. were forecast to fall 6 degrees
to 4 degrees Celsius by the weekend, according to Weather Services
Corp. in the U.S.
Day-ahead Electricity Forward Agreements dealt at 19.7-20.15
pounds a megawatt-hour, 2.1 pounds higher than yesterday.
December continued to fall amid a combination of position
closing prior to its expiry and continued belief that demand will
not rise sufficiently to justify high winter prices, traders said.
December 2000 baseload EFAs traded at 17.9-18.05 pounds a
megawatt-hour, 40 pence below yesterday's last trade.
First quarter and its constituent months fell, in line with
expectations that mild forecasts into the new year would continue
to stifle demand, traders said.
January 2001 baseload EFAs dealt between 24.6-24.73 pounds a
megawatt-hour, falling 17 pence.
First quarter 2001 baseload EFAs traded at 21.6-21.7 pounds a
megawatt-hour, 10 pence below its previous close.
Season structures traded on the U.K. Power Exchange, summer
2001 baseload trading unchanged at 18.15 pounds a megawatt-hour.
Winter 2001 baseload dealt 5 pence higher at 21.75 pounds a
megawatt-hour.
Open positions on many short-term structures will likely
force many traders to deal actively on those contracts in the run-
up to Christmas, traders said. Adding that other structures will
probably remain illiquid until the new year, when demand can more
easily be assessed.
-Nick Livingstone
Nordic Electricity Prices Climb Following Cold Weather Forecast
Lysaker, Norway, Dec. 13 (Bloomberg Energy) -- Power prices
on the Nord Pool exchange in Lysaker, Norway, closed higher today
as colder weather forecasts sparked active trade, traders said.
Week 51 dealt between 145-152 Norwegian kroner a megawatt-
hour, 6.62 kroner above yesterday's closing trade on 1,076
megawatts of traded volume. Week 52 rose 6.25 kroner, with 446
megawatts dealt between 134.50-140.25 kroner a megawatt-hour.
Supply from hydro-producers was expected to recede after
forecasts indicated reduced precipitation over Scandinavia for
next week. These producers typically generate power to prevent
reservoirs from overflowing.
Consumption, currently unseasonably low, was expected to rise
with falling temperatures because of increased requirements for
space heating.
Traded volume on the power exchange increased in active
trading on the beginning of typical winter conditions, traders
said.
"The market's been waiting for this day for a long time," a
Stockholm-based trader said. "For too long, people have been
selling because winter hasn't lived up to expectations. We should
now see a noticeable increase in the spot price."
Temperatures in parts of Scandinavia were forecast to fall
below freezing to minus 5 degrees Celsius, with only limited
chances for rain during the 5-day outlook, according to Weather
Services Corp. in the U.S.
The day-ahead system average area price fell after demand was
expected to remain limited until next week, when forecasts predict
temperatures to begin falling.
Thursday's system area price fell 1.57 kroner, or 1.22
percent, to 126.43 kroner a megawatt-hour. Traded volume fell
4,134 megawatts to 295,414 megawatts.
Many dealers anticipate that the spot price will likely rise
by 10-15 kroner by the start of next week.
Winter 1, 2001 forward structures rose in line with shorter-
term contracts.
Winter 1, 2001 dealt at 136.75-138.5 kroner a megawatt-hour,
1.9 kroner below yesterday's last trade at 135.25 kroner a
megawatt-hour.
Also, the delayed restart at a Swedish nuclear unit, although
expected, will likely allow abundant supply from hydro-producers
to meet the increased demand, other traders said.
Vattenfall's Ringhals 1, an 835-megawatt nuclear reactor,
will delay its restart at least until week 52, the company said.
Today's rapid increase was likely induced by traders who used
today's news to gain momentum for future increases, traders said.
-Nick Livingstone
-0- (BES) Dec/13/2000 21:04 GMT
=0F$
- daily.pdf |
Date: Mon, 9 Oct 2000 07:16:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Consolidated positions: Issues & To Do list
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:16 PM ---------------------------
Richard Burchfield
10/06/2000 06:59 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Beth Perlman/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
Phillip,
Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday, was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming. Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.
I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.
Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------
Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group. We've had
three meetings which brought out very different issues from different
traders. We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.
Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project. It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.
Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions. Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems. Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta). TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker. Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.
-- Allan.
PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport. Hopefully we'll know much better where that part stands at that
point. |
Date: Mon, 9 Oct 2000 07:00:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Consolidated positions: Issues & To Do list
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:00 PM ---------------------------
Richard Burchfield
10/06/2000 06:59 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Beth Perlman/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
Phillip,
Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday, was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming. Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.
I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.
Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------
Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group. We've had
three meetings which brought out very different issues from different
traders. We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.
Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project. It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.
Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions. Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems. Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta). TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker. Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.
-- Allan.
PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport. Hopefully we'll know much better where that part stands at that
point. |
Date: Thu, 5 Oct 2000 06:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: david.delainey@enron.com
Subject:
Body:
Dave,
Here are the names of the west desk members by category. The origination
side is very sparse.
Phillip |
Date: Thu, 5 Oct 2000 05:55:00 -0700 (PDT)
From: phillip.allen@enron.com
To: paula.harris@enron.com
Subject: Re: 2001 Margin Plan
Body:
Paula,
35 million is fine
Phillip |
Date: Wed, 4 Oct 2000 09:23:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Var, Reporting and Resources Meeting
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/04/2000
04:23 PM ---------------------------
Enron North America Corp.
From: Airam Arteaga 10/04/2000 12:23 PM
To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron
cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli
Romero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect
Subject: Var, Reporting and Resources Meeting
Please plan to attend the below Meeting:
Topic: Var, Reporting and Resources Meeting
Date: Wednesday, October 11th
Time: 2:30 - 3:30
Location: EB30C1
If you have any questions/conflicts, please feel free to call me.
Thanks,
Rain
x.31560 |
Date: Tue, 3 Oct 2000 09:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Westgate
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000
04:30 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 10/03/2000 06:35:56 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate
Westgate
Enclosed are demographics on the Westgate site from Investor's Alliance.
Investor's Alliance says that these demographics are similar to the package
on San Marcos that you received earlier.
If there are any other questions or information requirements, let me know.
Then, let me know your interest level in the Westgate project?
San Marcos
The property across the street from the Sagewood units in San Marcos is for
sale and approved for 134 units. The land is selling for $2.50 per square
foot as it is one of only two remaining approved multifamily parcels in West
San Marcos, which now has a moratorium on development.
Several new studies we have looked at show that the rents for our duplexes
and for these new units are going to be significantly higher, roughly $1.25
per square foot if leased for the entire unit on a 12-month lease and
$1.30-$1.40 psf if leased on a 12-month term, but by individual room. This
property will have the best location for student housing of all new
projects, just as the duplexes do now.
If this project is of serious interest to you, please let me know as there
is a very, very short window of opportunity. The equity requirement is not
yet known, but it would be likely to be $300,000 to secure the land. I will
know more on this question later today.
Sincerely,
George W. Richards
President, Creekside Builders, LLC
- winmail.dat |
Date: Tue, 3 Oct 2000 09:15:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Meeting re: Storage Strategies in the West
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000
04:13 PM ---------------------------
Nancy Hall@ENRON
10/02/2000 06:42 AM
To: Mark Whitt/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron, Paul Bieniawski/Corp/Enron@ENRON, Tyrell
Harrison/NA/Enron@Enron
cc: Jean Mrha/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Monica
Jackson/Corp/Enron@ENRON
Subject: Meeting re: Storage Strategies in the West
There will be a meeting on Tuesday, Oct. 10th at 4:00pm in EB3270 regarding
Storage Strategies in the West. Please mark your calendars.
Thank you!
Regards,
Nancy Hall
ENA Denver office
303-575-6490 |
Date: Tue, 3 Oct 2000 09:13:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bs_stone@yahoo.com
Subject:
Body:
Brenda,
Please use the second check as the October payment. If you have already
tossed it, let me know so I can mail you another.
Phillip |
Date: Tue, 3 Oct 2000 03:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stouchstone@natsource.com
Subject: Re: Not business related..
Body:
I think Fletch has a good CPA. I am still doing my own. |
Date: Mon, 2 Oct 2000 02:19:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bs_stone@yahoo.com
Subject: Re: Original Sept check/closing
Body:
Brenda,
Please use the second check as my October payment. I have my copy of the
original deal. Do you want me to fax this to you?
Phillip |
Date: Wed, 13 Dec 2000 06:04:00 -0800 (PST)
From: aod@newsdata.com
To: western.price.survey.contacts@ren-6.cais.net
Subject: Special report coming from NewsData
Body:
Cc: alb@cpuc.ca.gov
Bcc: alb@cpuc.ca.gov
Our Sacramento correspondent just exited a news conference from
Gov. Davis, FERC chair Hoecker, DOE Sectretary Richardson and
others outlining several emergency measures, including west-wide
price cap. As soon as her report is filed, we'll be sending it to your
attention. I expect that will be around 2:30 pm. |
Date: Thu, 28 Sep 2000 06:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: lkuch@mh.com
Subject: San Juan Index
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/28/2000
01:09 PM ---------------------------
From: Phillip K Allen 09/28/2000 10:56 AM
Liane,
As we discussed yesterday, I am concerned there may have been an attempt to
manipulate the El Paso San Juan monthly index. It appears that a single
buyer entered the marketplace on both September 26 and 27 and paid above
market prices ($4.70-$4.80) for San Juan gas. At the time of these trades,
offers for physical gas at significantly (10 to 15 cents) lower prices were
bypassed in order to establish higher trades to report into the index
calculation. Additionally, these trades are out of line with the associated
financial swaps for San Juan.
We have compiled a list of financial and physical trades executed from
September 25 to September 27. These are the complete list of trades from
Enron Online (EOL), Enron's direct phone conversations, and three brokerage
firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a
trade by trade list and a summary. We have also included a summary of gas
daily prices to illustrate the value of San Juan based on several spread
relationships. The two key points from this data are as follows:
1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater
than the high financial trades (4.6375,4.665) on those days.
2. The spread relationship between San Juan and other points (Socal &
Northwest) is consistent between the end of September and
October gas daily. It doesn't make sense to have monthly indices that
are dramatically different.
I understand you review the trades submitted for outliers. Hopefully, the
trades submitted will reveal counterparty names and you will be able to
determine that there was only one buyer in the 4.70's and these trades are
outliers. I wanted to give you some additional points of reference to aid in
establishing a reasonable index. It is Enron's belief that the trades at
$4.70 and higher were above market trades that should be excluded from the
calculation of index.
It is our desire to have reliable and accurate indices against which to
conduct our physical and financial business. Please contact me
anytime I can assist you towards this goal.
Sincerely,
Phillip Allen |
Date: Thu, 28 Sep 2000 05:56:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jeffrey.hodge@enron.com
Subject: San Juan Index
Body:
Liane,
As we discussed yesterday, I am concerned there has been an attempt to
manipulate the El Paso San Juan monthly index. A single buyer entered the
marketplace on both September 26 and 27 and paid above market prices
($4.70-$4.80) for San Juan gas with the intent to distort the index. At the
time of these trades, offers for physical gas at significantly (10 to 15
cents) lower prices were bypassed in order to establish higher trades to
report into the index calculation. Additionally, these trades are out of
line with the associated financial swaps for San Juan.
We have compiled a list of financial and physical trades executed from
September 25 to September 27. These are the complete list of trades from
Enron Online (EOL), Enron's direct phone conversations, and three brokerage
firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a
trade by trade list and a summary. We have also included a summary of gas
daily prices to illustrate the value of San Juan based on several spread
relationships. The two key points from this data are as follows:
1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater
than the high financial trades (4.6375,4.665) on those days.
2. The spread relationship between San Juan and other points (Socal &
Northwest) is consistent between the end of September and
October gas daily. It doesn't make sense to have monthly indeces that
are dramatically different.
I understand you review the trades submitted for outliers. Hopefully, the
trades submitted will reveal counterparty names and you will be able to
determine that there was only one buyer in the 4.70's and these trades are
outliers. I wanted to give you some additional points of reference to aid in
establishing a reasonable index. It is Enron's belief that the trades at
$4.70 and higher were above market trades that should be excluded from the
calculation of index.
It is our desire to have reliable and accurate indeces against which to
conduct our physical and financial business. Please contact me
anytime I can assist you towards this goal.
Sincerely,
Phillip Allen |
Date: Tue, 26 Sep 2000 09:28:00 -0700 (PDT)
From: phillip.allen@enron.com
To: kholst@enron.com
Subject: Investment Structure
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
04:28 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, 26 Sep 2000 09:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Investment Structure
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
04:26 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, 26 Sep 2000 07:01:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 10/03/2000 02:30 PM
End: 10/03/2000 03:30 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 10/03/2000 02:30 PM
End: 10/03/2000 03:30 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
Status update:
Fletcher J Sturm -> No Response
Scott Neal -> No Response
Hunter S Shively -> No Response
Phillip K Allen -> No Response
Allan Severude -> Accepted
Scott Mills -> Accepted
Russ Severson -> No Response
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 02:00 PM
End: 09/27/2000 03:00 PM
Description: Gas Trading Vision Meeting - Room EB2601
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT@ECT
Hunter S Shively/HOU/ECT@ECT
Scott Mills/HOU/ECT@ECT
Allan Severude/HOU/ECT@ECT
Jeffrey C Gossett/HOU/ECT@ECT
Colleen Sullivan/HOU/ECT@ECT
Russ Severson/HOU/ECT@ECT
Jayant Krishnaswamy/HOU/ECT@ECT
Russell Long/HOU/ECT@ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 02:00 PM
End: 09/27/2000 03:00 PM
Description: Gas Trading Vision Meeting - Room EB2601
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT@ECT
Hunter S Shively/HOU/ECT@ECT
Scott Mills/HOU/ECT@ECT
Allan Severude/HOU/ECT@ECT
Jeffrey C Gossett/HOU/ECT@ECT
Colleen Sullivan/HOU/ECT@ECT
Russ Severson/HOU/ECT@ECT
Jayant Krishnaswamy/HOU/ECT@ECT
Russell Long/HOU/ECT@ECT
Detailed description:
Status update:
Phillip K Allen -> No Response
Hunter S Shively -> No Response
Scott Mills -> No Response
Allan Severude -> Accepted
Jeffrey C Gossett -> Accepted
Colleen Sullivan -> No Response
Russ Severson -> No Response
Jayant Krishnaswamy -> Accepted
Russell Long -> Accepted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
Status update:
Fletcher J Sturm -> No Response
Scott Neal -> No Response
Hunter S Shively -> No Response
Phillip K Allen -> No Response
Allan Severude -> Accepted
Scott Mills -> Accepted
Russ Severson -> Accepted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
From: Cindy Cicchetti 09/26/2000 10:38 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Colleen Sullivan/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Jayant
Krishnaswamy/HOU/ECT@ECT, Russell Long/HOU/ECT@ECT
cc:
Subject: Gas Trading Vision mtg.
This meeting has been moved to 4:00 on Wed. in room 2601. I have sent a
confirmation to each of you via Lotus Notes. Sorry for all of the changes
but there was a scheduling problem with a couple of people for the original
time slot. |
Date: Tue, 26 Sep 2000 05:11:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cindy.cicchetti@enron.com
Subject: Re: Gas Trading Vision meeting
Body:
Nymex expiration is during this time frame. Please reschedule. |
Date: Tue, 26 Sep 2000 05:08:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
12:08 PM ---------------------------
Invitation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 11:30 AM
End: 09/27/2000 12:30 PM
Description: Gas Trading Vision Meeting - Room EB2556
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT
Hunter S Shively/HOU/ECT
Scott Mills/HOU/ECT
Allan Severude/HOU/ECT
Jeffrey C Gossett/HOU/ECT
Colleen Sullivan/HOU/ECT
Russ Severson/HOU/ECT
Jayant Krishnaswamy/HOU/ECT
Russell Long/HOU/ECT
Detailed description: |
Date: Tue, 26 Sep 2000 05:07:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Gas Physical/Financial Position
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
12:07 PM ---------------------------
From: Cindy Cicchetti 09/26/2000 09:23 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT,
Fletcher J Sturm/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
cc:
Subject: Gas Physical/Financial Position
I have scheduled and entered on each of your calendars a meeting for the
above referenced topic. It will take place on Thursday, 9/28 from 3:00 -
4:00 in Room EB2537. |
Date: Tue, 26 Sep 2000 04:57:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: closing
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
11:57 AM ---------------------------
"BS Stone" <bs_stone@yahoo.com> on 09/26/2000 04:47:40 AM
To: "jeff" <jeff@freeyellow.com>
cc: "Phillip K Allen" <Phillip.K.Allen@enron.com>
Subject: closing
Jeff,
?
Is the closing today?? After reviewing the agreement?I find it isn't binding
as far as I can determine.? It is too vague and it doesn't sound like
anything an attorney or title company would?draft for a real estate
closing--but, of course, I could be wrong.?
?
If this?closing is going to take place without this agreement then there is
no point in me following up on this?document's validity.?
?
I will just need to go back to my closing documents and see what's there and
find out where I am with that and deal with this as best I can.
?
I guess I was expecting something that would be an exhibit to a recordable
document or something a little more exact, or rather?sort of a contract.?
This isn't either.? I tried to get a real estate atty on the phone last
night but he was out of pocket.? I talked to a crim. atty friend and he said
this is out of his area but doesn't sound binding to him.?
?
I will go back to mine and Phillip Allen's transaction?and take a look at
that but as vague and general as this is I doubt that my signature? is even
needed to complete this transaction.? I am in after 12 noon if there is any
need to contact me regarding the closing.
?
I really do not want to hold up anything or generate more work for myself
and I don't want to insult or annoy anyone but this paper really doesn't
seem to be something required for a closing.? In the event you do need my
signature on something like this I would rather have time to have it
reviewed before I accept it.
?
Brenda
?
? |
Date: Mon, 25 Sep 2000 07:04:00 -0700 (PDT)
From: phillip.allen@enron.com
To: christopher.calger@enron.com
Subject:
Body:
Chris,
What is the latest with PG&E? We have been having good discussions
regarding EOL.
Call me when you can. X37041
Phillip |
Date: Mon, 25 Sep 2000 07:01:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:01 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
The meeting with Richard Burchfield/HOU/ECT was rescheduled.
On 09/28/2000 03:00:00 PM CDT
For 1 hour
With: Richard Burchfield/HOU/ECT (Chairperson)
Fletcher J Sturm/HOU/ECT (Invited)
Scott Neal/HOU/ECT (Invited)
Hunter S Shively/HOU/ECT (Invited)
Phillip K Allen/HOU/ECT (Invited)
Allan Severude/HOU/ECT (Invited)
Scott Mills/HOU/ECT (Invited)
Russ Severson/HOU/ECT (Invited)
Gas Physical/Financail Positions - Room 2537 |
Date: Mon, 25 Sep 2000 07:01:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:00 PM ---------------------------
Invitation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 01:00 PM
End: 09/27/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description: |
Date: Mon, 25 Sep 2000 05:47:00 -0700 (PDT)
From: phillip.allen@enron.com
To: muller@thedoghousemail.com
Subject:
Body:
Greg,
Happy B-day. Email me your phone # and I will call you.
Keith |
Date: Fri, 22 Sep 2000 00:06:00 -0700 (PDT)
From: phillip.allen@enron.com
To: kathy.moore@enron.com
Subject:
Body:
Kathy,
Regarding the guest password for gas daily, can you please relay the
information to Mike Grigsby at 37031 so he can pass it along to the user at
gas daily today. I will be out of the office on Friday.
thank you
Phillip |
Date: Wed, 20 Sep 2000 08:06:00 -0700 (PDT)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject:
Body:
John,
Denver's short rockies position beyond 2002 is created by their Trailblazer
transport. They are unhedged 15,000/d in 2003 and 25,000/d in 2004 and
2005.
They are scrubbing all their books and booking the Hubert deal on Wednesday
and Thursday.
Phillip |
Date: Wed, 20 Sep 2000 06:34:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject:
Body:
George,
Below is a list of questions that Keith and I had regarding the Westgate
project:
Ownership Structure
What will be the ownership structure? Limited partnership? General partner?
What are all the legal entities that will be involved and in what
capacity(regarding ownership and
liabilities)?
Who owns the land? improvements?
Who holds the various loans?
Is the land collateral?
Investment
What happens to initial investment?
Is it used to purchase land for cash?Secure future loans?
Why is the land cost spread out on the cash flow statement?
When is the 700,000 actually needed? Now or for the land closing? Investment
schedule?
Investment Return
Is Equity Repayment the return of the original investment?
Is the plan to wait until the last unit is sold and closed before profits
are distributed?
Debt
Which entity is the borrower for each loan and what recourse or collateral
is associated with each
loan?
Improvement
Construction
Are these the only two loans? Looks like it from the cash flow statement.
Terms of each loan?
Uses of Funds
How will disbursements be made? By whom?
What type of bank account? Controls on max disbursement? Internet viewing
for investors?
Reports to track expenses vs plan?
Bookkeeping procedures to record actual expenses?
What is the relationship of Creekside Builders to the project? Do you get
paid a markup on subcontractors as a
general contractor and paid gain out of profits?
Do you or Larry receive any money in the form of salary or personal expenses
before the ultimate payout of profits?
Design and Construction
When will design be complete?
What input will investors have in selecting design and materials for units?
What level of investor involvement will be possible during construction
planning and permitting?
Does Creekside have specific procedures for dealing with subcontractors,
vendors, and other professionals?
Such as always getting 3 bids, payment schedules, or reference checking?
Are there any specific companies or individuals that you already plan to
use? Names?
These questions are probably very basic to you, but as a first time investor
in a project like this it is new to me. Also, I want to learn as
much as possible from the process.
Phillip
|
Date: Tue, 19 Sep 2000 09:35:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Westgate Proforma-Phillip Allen.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/19/2000
04:35 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls
Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about. As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market. This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan. As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months. Additionally, many of the current and more severe
water treatment ordinances have been waived. I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening. Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly. Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven. We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop. Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow. This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project. As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot. I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project. You would need to discuss this with an
exchange expert first. Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area. Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time. You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is
512-338-1103. I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks. A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day. The severe downdraft hitting the decked roof was enough
to knock it down. The City shut down the project for a week and it took
another week to get every thing back on tract. Then last week I had to take
my wife to emergency. She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week.. There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday. Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC
- Westgate Proforma-Phillip Allen.xls |
Date: Tue, 19 Sep 2000 07:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cbpres@austin.rr.com
Subject:
Body:
George,
Here sales numbers from Reagan:
As you can see his units sold at a variety of prices per square foot. The
1308/1308 model seems to have the most data and looks most similiar to the
units you are selling. At 2.7 MM, my bid is .70/sf higher than his units
under construction. I am having a hard time justifying paying much more with
competition on the way. The price I am bidding is higher than any deals
actually done to date.
Let me know what you think. I will follow up with an email and phone call
about Cherry Creek. I am sure Deborah Yates let you know that the bid was
rejected on the De Ville property.
Phillip Allen
|
Date: Tue, 19 Sep 2000 03:15:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject:
Body:
Jeff,
What is up with Burnet?
Phillip |
Date: Mon, 18 Sep 2000 02:34:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: burnet
Body:
Jeff,
I need to see the site plan for Burnet. Remember I must get written
approval from Brenda Key Stone before I can sell this property and she has
concerns about the way the property will be subdivided. I would also like
to review the closing statements as soon as possible.
Phillip |
Date: Wed, 13 Sep 2000 06:02:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
I want to have an accurate rent roll as soon as possible. I faxed you a copy
of this file. You can fill in on the computer or just write in the correct
amounts and I will input. |
Date: Tue, 12 Sep 2000 06:42:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bs_stone@yahoo.com
Subject: Re: Sept 1 Payment
Body:
Brenda,
I checked my records and I mailed check #1178 for the normal amount on
August 28th. I mailed it to 4303 Pate Rd. #29, College Station, TX 77845. I
will go ahead and mail you another check. If the first one shows up you can
treat the 2nd as payment for October.
I know your concerns about the site plan. I will not proceed without
getting the details and getting your approval.
I will find that amortization schedule and send it soon.
Phillip |
Date: Tue, 12 Sep 2000 06:06:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
You wrote fewer checks this month. Spent more money on Materials and less on
Labor.
June July August
Total Materials 2929 4085 4801
Services 53 581 464
Labor 3187 3428 2770
Here are my questions on the August bank statement (attached):
1. Check 1406 Walmart Description and unit?
2. Check 1410 Crumps Detail description and unit?
3. Check 1411 Lucy What is this?
4. Check 1415 Papes Detail description and units?
5. Checks 1416, 1417, and 1425 Why overtime?
6. Check 1428 Ralph's What unit?
7. Check 1438 Walmart? Description and unit?
Try and pull together the support for these items and get back to me.
Phillip |
Date: Tue, 12 Sep 2000 04:23:00 -0700 (PDT)
From: phillip.allen@enron.com
To: paul.lucci@enron.com, kenneth.shulklapper@enron.com
Subject: Contact list for mid market
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/12/2000
11:22 AM ---------------------------
Michael Etringer
09/11/2000 02:32 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Contact list for mid market
Phillip,
Attached is the list. Have your people fill in the columns highlighted in
yellow. As best can we will try not to overlap on accounts.
Thanks, Mike |
Date: Tue, 12 Sep 2000 00:27:00 -0700 (PDT)
From: phillip.allen@enron.com
To: moshuffle@hotmail.com
Subject:
Body:
http://www.hearme.com/vc2/?chnlOwnr=pallen@enron.com |
Date: Mon, 11 Sep 2000 09:57:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Westgate Proforma-Phillip Allen.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/11/2000
04:57 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls
Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about. As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market. This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan. As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months. Additionally, many of the current and more severe
water treatment ordinances have been waived. I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening. Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly. Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven. We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop. Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow. This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project. As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot. I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project. You would need to discuss this with an
exchange expert first. Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area. Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time. You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is
512-338-1103. I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks. A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day. The severe downdraft hitting the decked roof was enough
to knock it down. The City shut down the project for a week and it took
another week to get every thing back on tract. Then last week I had to take
my wife to emergency. She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week.. There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday. Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC
- Westgate Proforma-Phillip Allen.xls |
Date: Mon, 11 Sep 2000 09:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: Chelsea Villas
Body:
Jeff,
I received the rent roll. I am going to be in San Marcos this weekend but I
am booked with stage coach. I will drive by Friday evening.
I will let you know next week if I need to see the inside. Can you find out
when Chelsea Villa last changed hands and for what price?
What about getting a look at the site plans for the Burnet deal. Remember
we have to get Brenda happy.
Phillip |
Date: Mon, 11 Sep 2000 08:07:00 -0700 (PDT)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject:
Body:
9/8 9/7 diff
Socal 36,600 37,200 -600
NWPL -51,000 -51,250 250
San Juan -32,500 -32,000 -500
The reason the benchmark report shows net selling San Juan is that the
transport positions were rolled in on 9/8. This added 800 shorts to San Juan
and 200 longs to Socal. Before this adjustment we bought 300 San Juan and
sold 800 Socal.
|
Date: Mon, 11 Sep 2000 07:16:00 -0700 (PDT)
From: phillip.allen@enron.com
To: frank.hayden@enron.com
Subject: Re: VaR by Curve
Body:
why is aeco basis so low on the list? Is NWPL mapped differently than AECO?
What about the correlation to Nymex on AECO? |
Date: Mon, 11 Sep 2000 02:19:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: Re: Sagewood etc.
Body:
Jeff,
You would clearly receive a commission on a deal on the sagewood.
I am surprised by your request for payment on any type of project in which
I might become involved with Creekside. Are you in the business of brokering
properties or contacts? Is your position based on a legal or what you
perceive to be an ethical issue? Did you propose we look at developing a
project from scratch?
I am not prepared to pay more than 2.7 for sagewood yet.
Phillip |
Date: Wed, 13 Dec 2000 08:04:00 -0800 (PST)
From: critical.notice@enron.com
To: ywang@enron.com, patti.sullivan@enron.com, phillip.k.allen@enron.com,
jane.m.tholt@enron.com, mike.grigsby@enron.com
Subject: New Notice from Transwestern Pipeline Co.
Body:
Transwestern Pipeline Co. posted new notice(s) since our last check at
12/13/2000 3:30:01 PM, the newest notice looks like:
Capacity Constraint, Dec 13 2000 4:03PM, Dec 14 2000 9:00AM, Dec 15 2000
8:59AM, 2241, Allocation - San Juan Lateral
Please click the following to go to the web site for detail.
http://ios.ets.enron.com/infoPostings/shared/et_noncritical_notice.asp?company
=60 |
Date: Fri, 8 Sep 2000 05:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Sagewood Town Homes
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000
12:29 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:35:20 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Diana Zuniga"
<invest@bga.com>
Subject: Sagewood Town Homes
I was aware that Regan Lehman, the lot developer for the entire 70 lot
duplex project, was selling his units in the $180's, He does have a much
lower basis in the lots than anyone else, but the prime differences are due
to a) he is selling them during construction and b) they are smaller units.
We do not know the exact size of each of his units, but we believe one of
the duplexes is a 1164/1302 sq ft. plan. This would produce an average sq
footage of 1233, which would be $73.80 psf at $182,000. (I thought his
sales price was $187,000.) At this price psf our 1,376 sf unit would sell
for $203,108.
What is more important, in my view, is a) the rental rate and b) the
rent-ability. You have all of our current rental and cost data for your own
evaluation. As for rent-ability, I believe that we have shown that the
3-bedroom, 3.5 bath is strongly preferred in this market. In fact, if we
were able to purchase additional lots from Regan we would build 4 bedroom
units along with the 3-bedroom plan.
Phillip, I will call you today to go over this more thoroughly.
Sincerely,
George W. Richards
Creekside Builders, LLC |
Date: Fri, 8 Sep 2000 05:29:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Westgate Proforma-Phillip Allen.xls
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000
12:28 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls
Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about. As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market. This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan. As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months. Additionally, many of the current and more severe
water treatment ordinances have been waived. I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening. Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly. Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven. We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop. Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow. This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project. As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot. I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project. You would need to discuss this with an
exchange expert first. Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area. Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time. You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is
512-338-1103. I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks. A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day. The severe downdraft hitting the decked roof was enough
to knock it down. The City shut down the project for a week and it took
another week to get every thing back on tract. Then last week I had to take
my wife to emergency. She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week.. There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday. Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC
- Westgate Proforma-Phillip Allen.xls |
Date: Wed, 6 Sep 2000 08:54:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: utilities roll
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
03:53 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 09/06/2000 09:06:45 AM
To: pallen@enron.com
cc:
Subject: utilities roll
_________________________________________________________________________
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.
- utility.xls
- utility.xls |
Date: Wed, 6 Sep 2000 07:02:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: TIME SENSITIVE: Executive Impact & Influence Program Survey
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
02:01 PM ---------------------------
Enron-admin@FSDDataSvc.com on 09/06/2000 10:12:33 AM
To: pallen@enron.com
cc:
Subject: TIME SENSITIVE: Executive Impact & Influence Program Survey
Executive Impact & Influence Program
* IMMEDIATE ACTION REQUIRED - Do Not Delete *
As part of the Executive Impact and Influence Program, each participant
is asked to gather input on the participant's own management styles and
practices as experienced by their immediate manager, each direct report,
and up to eight peers/colleagues.
You have been requested to provide feedback for a participant attending
the next program. Your input (i.e., a Self assessment, Manager assessment,
Direct Report assessment, or Peer/Colleague assessment) will be combined
with the input of others and used by the program participant to develop an
action plan to improve his/her management styles and practices.
It is important that you complete this assessment
NO LATER THAN CLOSE OF BUSINESS Thursday, September 14.
Since the feedback is such an important part of the program, the participant
will be asked to cancel his/her attendance if not enough feedback is
received. Therefore, your feedback is critical.
To complete your assessment, please click on the following link or simply
open your internet browser and go to:
http://www.fsddatasvc.com/enron
Your unique ID for each participant you have been asked to rate is:
Unique ID - Participant
EVH3JY - John Arnold
ER93FX - John Lavorato
EPEXWX - Hunter Shively
If you experience technical problems, please call Dennis Ward at
FSD Data Services, 713-942-8436. If you have any questions about this
process,
you may contact Debbie Nowak at Enron, 713-853-3304, or Christi Smith at
Keilty, Goldsmith & Company, 858-450-2554.
Thank you for your participation. |
Date: Wed, 6 Sep 2000 07:00:00 -0700 (PDT)
From: phillip.allen@enron.com
To: retwell@sanmarcos.net
Subject:
Body:
Larry,
Just a note to touch base on the sagewood townhomes and other development
opportunities.
I stumbled across some other duplexes for sale on the same street. that were
built by Reagan Lehmann. 22 Units were sold for
around $2 million. ($182,000/duplex). I spoke to Reagan and he indicated
that he had more units under construction that would be
available in the 180's. Are the units he is selling significantly different
from yours? He mentioned some of the units are the 1308 floor
plan. My bid of 2.7 million is almost $193,000/duplex.
As far as being an investor in a new project, I am still very interested.
Call or email with your thoughts.
Phillip |
Date: Wed, 6 Sep 2000 06:04:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
Ina,
I scheduled a meeting with Jean Mrha tomorrow at 3:30 |
Date: Wed, 6 Sep 2000 04:46:00 -0700 (PDT)
From: phillip.allen@enron.com
To: thomas.martin@enron.com, mike.grigsby@enron.com, keith.holst@enron.com,
jay.reitmeyer@enron.com, frank.ermis@enron.com
Subject: Wow
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
10:49 AM ---------------------------
Jeff Richter
09/06/2000 07:39 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Wow
---------------------- Forwarded by Jeff Richter/HOU/ECT on 09/06/2000 09:45
AM ---------------------------
To: Mike Swerzbin/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, John
M Forney/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: Wow
---------------------- Forwarded by Tim Belden/HOU/ECT on 09/06/2000 07:27 AM
---------------------------
Enron Capital & Trade Resources Corp.
From: Kevin M Presto 09/05/2000 01:59 PM
To: Tim Belden/HOU/ECT@ECT
cc: Rogers Herndon/HOU/ECT@ect, John Zufferli/HOU/ECT@ECT, Lloyd
Will/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Mike
Swerzbin/HOU/ECT@ECT
Subject: Wow
Do not underestimate the effects of the Internet economy on load growth. I
have been preaching the tremendous growth described below for the last year.
The utility infrastructure simply cannot handle these loads at the
distribution level and ultimatley distributed generation will be required for
power quality reasons.
The City of Austin, TX has experienced 300+ MW of load growth this year due
to server farms and technology companies. There is a 100 MW server farm
trying to hook up to HL&P as we speak and they cannot deliver for 12 months
due to distribution infrastructure issues. Obviously, Seattle, Porltand,
Boise, Denver, San Fran and San Jose in your markets are in for a rude
awakening in the next 2-3 years.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 09/05/2000
03:41 PM ---------------------------
Enron North America Corp.
From: John D Suarez 09/05/2000 01:45 PM
To: Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Paul J
Broderick/HOU/ECT@ECT, Jeffrey Miller/NA/Enron@Enron
cc:
Subject:
---------------------- Forwarded by John D Suarez/HOU/ECT on 09/05/2000 01:46
PM ---------------------------
George Hopley
09/05/2000 11:41 AM
To: John D Suarez/HOU/ECT@ECT, Suresh Vasan/Enron Communications@ENRON
COMMUNICATIONS@ENRON
cc:
Subject:
Internet Data Gain Is a Major Power Drain on
Local Utilities
( September 05, 2000 )
In 1997, a little-known Silicon Valley company called Exodus
Communications opened a 15,000-square-foot data center in
Tukwila.
The mission was to handle the Internet traffic and
computer servers for the
region's growing number of dot-coms.
Fast-forward to summer 2000. Exodus is now wrapping up
construction
on a new 13-acre, 576,000-square-foot data center less than
a mile from its
original facility. Sitting at the confluence of several
fiber optic backbones, the
Exodus plant will consume enough power for a small town and
eventually
house Internet servers for firms such as Avenue A,
Microsoft and Onvia.com.
Exodus is not the only company building massive data
centers near Seattle.
More than a dozen companies -- with names like AboveNet,
Globix and
HostPro -- are looking for facilities here that will house
the networking
equipment of the Internet economy.
It is a big business that could have an effect on
everything from your
monthly electric bill to the ease with which you access
your favorite Web sites.
Data centers, also known as co-location facilities and
server farms, are
sprouting at such a furious pace in Tukwila and the Kent
Valley that some
have expressed concern over whether Seattle City Light and
Puget Sound
Energy can handle the power necessary to run these 24-hour,
high-security
facilities.
"We are talking to about half a dozen customers that
are requesting 445
megawatts of power in a little area near Southcenter Mall,"
said Karl
Karzmar, manager of revenue requirements for Puget Sound
Energy. "That is
the equivalent of six oil refineries."
A relatively new phenomenon in the utility business,
the rise of the Internet
data center has some utility veterans scratching their
heads.
Puget Sound Energy last week asked the Washington
Utilities and
Transportation Commission to accept a tariff on the new
data centers. The
tariff is designed to protect the company's existing
residential and business
customers from footing the bill for the new base stations
necessary to support
the projects. Those base stations could cost as much as $20
million each,
Karzmar said.
Not to be left behind, Seattle City Light plans to
bring up the data center
issue on Thursday at the Seattle City Council meeting.
For the utilities that provide power to homes,
businesses and schools in the
region, this is a new and complex issue.
On one hand, the data centers -- with their amazing
appetite for power --
represent potentially lucrative business customers. The
facilities run 24 hours a
day, seven days a week, and therefore could become a
constant revenue
stream. On the other hand, they require so much energy that
they could
potentially flood the utilities with exorbitant capital
expenditures.
Who will pay for those expenditures and what it will
mean for power rates
in the area is still open to debate.
"These facilities are what we call extremely dense
loads," said Bob Royer,
director of communications and public affairs at Seattle
City Light.
"The entire University of Washington, from stadium
lights at the football
game to the Medical School, averages 31 megawatts per day.
We have data
center projects in front of us that are asking for 30, 40
and 50 megawatts."
With more than 1.5 million square feet, the Intergate
complex in Tukwila is
one of the biggest data centers. Sabey Corp. re-purchased
the 1.35 million
square-foot Intergate East facility last September from
Boeing Space &
Defense. In less than 12 months, the developer has leased
92 percent of the
six-building complex to seven different co-location
companies.
"It is probably the largest data center park in the
country," boasts Laurent
Poole, chief operating officer at Sabey. Exodus, ICG
Communications,
NetStream Communications, Pac West Telecomm and Zama
Networks all
lease space in the office park.
After building Exodus' first Tukwila facility in 1997,
Sabey has become an
expert in the arena and now has facilities either under
management or
development in Los Angeles, Spokane and Denver. Poole
claims his firm is
one of the top four builders of Internet data centers in
the country.
As more people access the Internet and conduct
bandwidth-heavy tasks
such as listening to online music, Poole said the need for
co-location space in
Seattle continues to escalate.
But it is not just Seattle. The need for data center
space is growing at a
rapid clip at many technology hubs throughout the country,
causing similar
concerns among utilities in places such as Texas and
California.
Exodus, one of the largest providers of co-location
space, plans to nearly
double the amount of space it has by the end of the year.
While companies
such as Amazon.com run their own server farms, many
high-tech companies
have decided to outsource the operations to companies such
as Exodus that
may be better prepared for dealing with Internet traffic
management.
"We have 2 million square feet of space under
construction and we plan to
double our size in the next nine months , yet there is more
demand right now
than data center space," said Steve Porter, an account
executive at Exodus in
Seattle.
The booming market for co-location space has left some
in the local utility
industry perplexed.
"It accelerates in a quantum way what you have to do
to serve the growth,"
said Seattle City Light's Royer. "The utility industry is
almost stunned by this, in
a way." |
Date: Wed, 6 Sep 2000 03:46:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Re:
Body:
Ina,
Can you pull Tori K.'s and Martin Cuilla's resumes and past performance
reviews from H.R.
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
10:44 AM ---------------------------
John J Lavorato@ENRON
09/06/2000 05:39 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re:
The commercial support people that you and Hunter want to make commercial
managers. |
Date: Tue, 5 Sep 2000 23:22:00 -0700 (PDT)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject: Re:
Body:
resumes of whom? |
Date: Tue, 5 Sep 2000 06:51:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: RE: Receipt of Team Selection Form - Executive Impact & Influence
Body:
Program
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000
01:50 PM ---------------------------
"Christi Smith" <christi.smith@lrinet.com> on 09/05/2000 11:40:59 AM
Please respond to <christi.smith@lrinet.com>
To: <Phillip.K.Allen@enron.com>
cc: "Debbie Nowak (E-mail)" <dnowak@enron.com>
Subject: RE: Receipt of Team Selection Form - Executive Impact & Influence
Program
We have not received your completed Team Selection information. It is
imperative that we receive your team's information (email, phone number,
office) asap. We cannot start your administration without this information,
and your raters will have less time to provide feedback for you.
Thank you for your assistance.
Christi
-----Original Message-----
From: Christi Smith [mailto:christi.smith@lrinet.com]
Sent: Thursday, August 31, 2000 10:33 AM
To: 'Phillip.K.Allen@enron.com'
Cc: Debbie Nowak (E-mail); Deborah Evans (E-mail)
Subject: Receipt of Team Selection Form - Executive Impact & Influence
Program
Importance: High
Hi Phillip. We appreciate your prompt attention and completing the Team
Selection information.
Ideally, we needed to receive your team of raters on the Team Selection form
we sent you. The information needed is then easily transferred into the
database directly from that Excel spreadsheet. If you do not have the
ability to complete that form, inserting what you listed below, we still
require additional information.
We need each person's email address. Without the email address, we cannot
email them their internet link and ID to provide feedback for you, nor can
we send them an automatic reminder via email. It would also be good to have
each person's phone number, in the event we need to reach them.
So, we do need to receive that complete TS Excel spreadsheet, or if you need
to instead, provide the needed information via email.
Thank you for your assistance Phillip.
Christi L. Smith
Project Manager for Client Services
Keilty, Goldsmith & Company
858/450-2554
-----Original Message-----
From: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, August 31, 2000 12:03 PM
To: debe@fsddatasvc.com
Subject:
John Lavorato-M
Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D
Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P |
Date: Wed, 13 Dec 2000 08:50:00 -0800 (PST)
From: market-reply@listserv.dowjones.com
To: market_alert@listserv.dowjones.com
Subject: MARKET ALERT: Nasdaq Composite Ends Down 3.7%
Body:
__________________________________
MARKET ALERT
from The Wall Street Journal
December 13, 2000
The Nasdaq composite dropped 108.31, or 3.7%, to 2823.46 Wednesday as
investors turned their attention to earnings warnings. The market couldn't
sustain initial enthusiasm that the election drama was nearing a close, but
the Dow industrials finished up 26.17 at 10794.44.
FOR MORE INFORMATION, see:
http://interactive.wsj.com/pages/money.htm
TO CHECK YOUR PORTFOLIO, see:
http://interactive.wsj.com/pj/PortfolioDisplay.cgi
__________________________________
ADVERTISEMENT
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Copyright 2000 Dow Jones & Company, Inc. All Rights Reserved. |
Date: Tue, 5 Sep 2000 06:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: dexter@intelligencepress.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000
01:29 PM ---------------------------
From: Phillip K Allen 08/29/2000 02:20 PM
To: mark@intelligencepress.com
cc:
Subject:
Mark,
Here is a spreadsheet detailing our September Socal trades. (I did not
distinguish between buys vs. sells.)
Phillip |
Date: Fri, 1 Sep 2000 06:08:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mike.grigsby@enron.com, frank.ermis@enron.com
Subject: FYI
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/01/2000
01:07 PM ---------------------------
Enron North America Corp.
From: Matt Motley 09/01/2000 08:53 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: FYI
--
- Ray Niles on Price Caps.pdf |
Date: Thu, 31 Aug 2000 07:36:00 -0700 (PDT)
From: phillip.allen@enron.com
To: rich@pira.com
Subject: Re: Western Gas Market Report -- Draft
Body:
Richard,
Compare your california production to the numbers in the 2000 California Gas
Report. It shows 410. But again that might be just what the two utilities
receive. |
Date: Thu, 31 Aug 2000 06:54:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cooper.richey@enron.com
Subject:
Body:
Cooper,
Can you give access to the new west power site to Jay Reitmeyer. He is an
analyst in our group.
Phillip |
Date: Thu, 31 Aug 2000 06:14:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Receipt of Team Selection Form - Executive Impact & Influence
Body:
Program
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/31/2000
01:13 PM ---------------------------
"Christi Smith" <christi.smith@lrinet.com> on 08/31/2000 10:32:49 AM
Please respond to <christi.smith@lrinet.com>
To: <Phillip.K.Allen@enron.com>
cc: "Debbie Nowak (E-mail)" <dnowak@enron.com>, "Deborah Evans (E-mail)"
<debe@fsddatasvc.com>
Subject: Receipt of Team Selection Form - Executive Impact & Influence Program
Hi Phillip. We appreciate your prompt attention and completing the Team
Selection information.
Ideally, we needed to receive your team of raters on the Team Selection form
we sent you. The information needed is then easily transferred into the
database directly from that Excel spreadsheet. If you do not have the
ability to complete that form, inserting what you listed below, we still
require additional information.
We need each person's email address. Without the email address, we cannot
email them their internet link and ID to provide feedback for you, nor can
we send them an automatic reminder via email. It would also be good to have
each person's phone number, in the event we need to reach them.
So, we do need to receive that complete TS Excel spreadsheet, or if you need
to instead, provide the needed information via email.
Thank you for your assistance Phillip.
Christi L. Smith
Project Manager for Client Services
Keilty, Goldsmith & Company
858/450-2554
-----Original Message-----
From: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, August 31, 2000 12:03 PM
To: debe@fsddatasvc.com
Subject:
John Lavorato-M
Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D
Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P |
Date: Thu, 31 Aug 2000 05:02:00 -0700 (PDT)
From: phillip.allen@enron.com
To: debe@fsddatasvc.com
Subject:
Body:
John Lavorato-M
Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D
Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P |
Date: Thu, 31 Aug 2000 03:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: kolinge@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/31/2000
10:17 AM ---------------------------
From: Phillip K Allen 08/29/2000 02:20 PM
To: mark@intelligencepress.com
cc:
Subject:
Mark,
Here is a spreadsheet detailing our September Socal trades. (I did not
distinguish between buys vs. sells.)
Phillip |
Date: Mon, 31 Dec 1979 16:00:00 -0800 (PST)
From: phillip.allen@enron.com
To: muller@thedoghousemail.com
Subject: Re: (No Subject)
Body:
How is your racing going? What category are you up to?
I |
Date: Wed, 30 Aug 2000 08:14:00 -0700 (PDT)
From: phillip.allen@enron.com
To: muller@thedoghousemail.com
Subject: Re: (No Subject)
Body:
Greg,
Got your message. Good luck on the bike ride.
What were you doing to your apartment? Are you setting up a studio?
The kids are back in school. Otherwise just work is going on here.
Keith |
Date: Wed, 30 Aug 2000 06:20:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cindy.long@enron.com
Subject: Re: Security Request: CLOG-4NNJEZ has been Denied.
Body:
Why are his requests coming to me? |
Date: Wed, 13 Dec 2000 08:01:00 -0800 (PST)
From: rebecca.cantrell@enron.com
To: phillip.allen@enron.com
Subject: Re:
Body:
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: Tue, 29 Aug 2000 09:20:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mark@intelligencepress.com
Subject:
Body:
Mark,
Here is a spreadsheet detailing our September Socal trades. (I did not
distinguish between buys vs. sells.)
Phillip |
Date: Tue, 29 Aug 2000 05:38:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mark@intelligencepress.com
Subject:
Body:
Mark,
Were you able to log in to enron online and find socal today?
I will follow up with a list of our physical deals done yesterday and today.
Phillip |
Date: Mon, 28 Aug 2000 09:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bs_stone@yahoo.com
Subject:
Body:
Brenda
Can you send me your address in College Station.
Phillip |
Date: Mon, 28 Aug 2000 06:40:00 -0700 (PDT)
From: phillip.allen@enron.com
To: matthew.lenhart@enron.com, mike.grigsby@enron.com, keith.holst@enron.com,
frank.ermis@enron.com, jay.reitmeyer@enron.com
Subject: New Generation
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/28/2000
01:39 PM ---------------------------
Kristian J Lande
08/24/2000 03:56 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
cc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
Subject: New Generation
Sorry,
Report as of August 24, 2000 |
Date: Mon, 28 Aug 2000 06:12:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mark@intelligencepress.com
Subject:
Body:
Mark,
The following is a guest password that will allow you temporary view only
access to EnronOnline. Please note, the user ID and password are CASE
SENSITIVE.
Guest User ID: GNA45925
Guest Password: YJ53KU42
Log in to www.enrononline.com and install shockwave using instructions
below. I have set up a composite page with western basis and cash prices to
help you filter through the products. The title of the composite page is
Mark's Page. If you have any problems logging in you can call me at
(713)853-7041 or Kathy Moore, EnronOnline HelpDesk, 713/853-HELP (4357).
The Shockwave installer can be found within "About EnronOnline" on the home
page. After opening "About EnronOnline", using right scroll bar, go to the
bottom. Click on "download Shockwave" and follow the directions. After
loading Shockwave, shut down and reopen browser (i.e. Microsoft Internet
Explorer/Netscape).
I hope you will find this site useful.
Sincerely,
Phillip Allen |
Date: Mon, 28 Aug 2000 06:07:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mark@intelligencepress.com
Subject:
Body:
Mark,
Attached is a spreadsheet that lists the end of day midmarkets for socal
basis and socal/san juan spreads. I listed the days during bidweek that
reflected financial trading for Socal Index and the actual gas daily prints
before and after bidweek.
The following observations can be made:
July 1. The basis market anticipated a Socal/San Juan spread of .81 vs
actual of .79
2. Perceived index was 4.95 vs actual of 4.91
3. Socal Gas Daily Swaps are trading at a significant premium.
Aug. 1. The basis market anticipated a Socal/San Juan spread of 1.04 vs
actual of .99
2. Perceived index was 4.54 vs actual of 4.49
3. Gas daily spreads were much wider before and after bidweek than the
monthly postings
4. Socal Gas Daily Swaps are trading at a significant premium.
Enron Online will allow you to monitor the value of financial swaps against
the index, as well as, spreads to other locations. Please call with any
questions.
Phillip
|
Date: Fri, 25 Aug 2000 06:32:00 -0700 (PDT)
From: phillip.allen@enron.com
To: suzanne.nicholie@enron.com
Subject: Re: Meeting to discuss 2001 direct expense plan?
Body:
Suzanne,
Can you give me more details or email the plan prior to meeting? What do I
need to provide besides headcount?
Otherwise any afternoon next week would be fine
Phillip |
Date: Fri, 25 Aug 2000 04:03:00 -0700 (PDT)
From: phillip.allen@enron.com
To: colleen.sullivan@enron.com
Subject: Re: regulatory filing summary
Body:
Colleen,
Please add Mike Grigsby to the distribution.
On another note, do you have any idea how Patti is holding up?
Phillip |
Date: Fri, 25 Aug 2000 03:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: brad.mcsherry@enron.com
Subject:
Body:
Cc: john.lavorato@enron.com, hunter.shively@enron.com
Bcc: john.lavorato@enron.com, hunter.shively@enron.com
Brad,
With regard to Tori Kuykendall, I would like to promote her to commercial
manager instead of converting her from a commercial support manager to an
associate. Her duties since the beginning of the year have been those of a
commercial manager. I have no doubt that she will compare favorably to
others in that category at year end.
Martin Cuilla on the central desk is in a similiar situation as Tori.
Hunter would like Martin handled the same as Tori.
Let me know if there are any issues.
Phillip |
Date: Fri, 25 Aug 2000 01:58:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bruce.ferrell@enron.com
Subject: Re: Evaluation for new trading application
Body:
Bruce,
Can you stop by and set up my reuters.
Phillip |
Date: Wed, 13 Dec 2000 08:47:00 -0800 (PST)
From: webmaster@earnings.com
To: pallen@enron.com
Subject: FS Van Kasper Initiates Coverage of NT
Body:
If you cannot read this email, please click here.
Earnings.com - NT Upgrade/Downgrade HistoryA:visited { color:000066;
}A:hover{ color:cc6600; }
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Analyst History - Nortel Networks Corporation (NT)
Date
Brokerage Firm
Action
Details
12/13/2000
FS Van Kasper
Coverage Initiated
at Buy
11/21/2000
Lazard Freres & Co.
Coverage Initiated
at Buy
11/06/2000
Unterberg Towbin
Downgraded
to Buy
from Strong Buy
11/02/2000
S G Cowen
Downgraded
to Buy
from Strong Buy
10/25/2000
Gerard Klauer Mattison
Upgraded
to Buy
from Outperform
10/25/2000
Lehman Brothers
Downgraded
to Outperform
from Buy
10/25/2000
Chase H&Q
Downgraded
to Buy
from Strong Buy
10/04/2000
Sands Brothers
Coverage Initiated
at Buy
10/03/2000
ING Barings
Coverage Initiated
at Strong Buy
09/28/2000
Sanford Bernstein
Downgraded
to Mkt Perform
from Outperform
09/26/2000
Josephthal and Co.
Coverage Initiated
at Buy
08/08/2000
DLJ
Coverage Initiated
at Buy
07/28/2000
A.G. Edwards
Upgraded
to Accumulate
from Maintain Position
07/27/2000
ABN AMRO
Upgraded
to Top Pick
from Buy
06/15/2000
Bear Stearns
Coverage Initiated
at Attractive
05/25/2000
Chase H&Q
Upgraded
to Strong Buy
from Buy
04/28/2000
First Union Capital
Coverage Initiated
at Strong Buy
04/03/2000
Dresdner Kleinwort Benson
Coverage Initiated
at Buy
03/21/2000
Wasserstein Perella
Coverage Initiated
at Hold
03/15/2000
Chase H&Q
Upgraded
to Buy
from Market Perform
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Date: Fri, 25 Aug 2000 01:47:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
The rent roll spreadsheet is starting to look better. See if you can add
these modifications:
1. Use a formula in column E. Add the value in column C to column D. It
should read =c6+d6. Then copy this formula to the rows below.
2. Column H needs a formula. Subtract amount paid from amount owed.
=e6-g6.
3. Column F is filled with the #### sign. this is because the column width
is too narrow. Use you mouse to click on the line beside the
letter F. Hold the left mouse button down and drag the column wider.
4. After we get the rent part fixed, lets bring the database columns up to
this sheet and place them to the right in columns J and beyond.
Phillip |
Date: Thu, 24 Aug 2000 02:48:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject: Re: receipts
Body:
Lucy,
I got your email with the attachment. Let's work together today to get this
done
Phillip |
Date: Wed, 23 Aug 2000 08:23:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Re: ENA Fileplan Project - Needs your approval
Body:
you have my approval |
Date: Wed, 23 Aug 2000 07:09:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject: Re: checkbook and budget
Body:
Lucy,
We can discuss your email later. How is progress on creating the
spreadsheets. You will probably need to close the file before you attach to
an email. It is 2:00. I really want to make some progress on these two
files.
Phillip |
Date: Wed, 23 Aug 2000 04:25:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Please open this excel file and input the rents and names due for this week.
Then email the file back. |
Date: Tue, 22 Aug 2000 08:22:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Open the "utility" spreadsheet and try to complete the analysis of whether it
is better to be a small commercial or a medium commercial (LP-1).
You will need to get the usage for that meter for the last 12 months. If we
have one year of data, we can tell which will be cheaper. Use the rates
described in the spreadsheet. This is a great chance for you to practice
excel. |
Date: Mon, 21 Aug 2000 09:40:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mac.d.hargrove@rssmb.com
Subject:
Body:
Mac,
Thanks for the research report on EOG. Here are my observations:
Gas Sales 916,000/day x 365 days = 334,340,000/year
Estimated Gas Prices $985,721,000/334,340,000= $2.95/mcf
Actual gas prices are around $1.00/mcf higher and rising.
Recalc of EPS with more accurate gas prices:
(334,340,000 mct X $1/mcf)/116,897,000 shares outst = $2.86 additional EPS
X 12 P/E multiple = $34 a share
That is just a back of the envelope valuation based on gas prices. I think
crude price are undervalued by the tune of $10/share.
Current price 37
Nat. Gas 34
Crude 10
Total 81
Can you take a look at these numbers and play devil's advocate? To me this
looks like the best stock to own Also can you send me a report on Calpine,
Tosco, and SLB?
Thank you,
Phillip |
Date: Sun, 20 Aug 2000 10:39:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Daily Duties
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000
05:39 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/15/2000 02:32:57 PM
To: pallen@enron.com
cc:
Subject: Daily Duties
Phillip,
We have been working on different apartments today and having to
listen to different, people about what Mary is saying should i be worried?
ants seem to be invading my apartment.You got my other fax's Wade is working
on the bulletin board that I need up so that I can let tenants know about
what is going on.Gave #25 a notice about having to many people staying in
that apt and that problem has been resolved.Also I have a tenant in #29 that
is complaining about #28 using fowl language.I sent #28 a lease violation we
will see how that goes
call you tomorrow
Thanx Lucy
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com |
Date: Sun, 20 Aug 2000 10:39:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Daily Report
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000
05:38 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/16/2000 02:44:36 PM
To: pallen@enron.com
cc:
Subject: Daily Report
Phillip,
The a/c I bought today for #17 cost $166.71 pd by ck#1429
8/16/00 at WAL-MART.Also on 8/15/00 Ralph's Appliance Centerck#1428
frig & stove for apt #20-B IVOICE # 000119 AMT=308.56 (STOVE=150.00
(frig=125.00)DEL CHRG=15.00\TAX=18.56 TOTAL=308.56.FAX MACHINE FOR
FFICE CK # 1427=108.25 FROM sTEELMAN OFFICE PRODUC
TS. Thanxs, Lucy
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com |
Date: Sun, 20 Aug 2000 10:38:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Daily Report
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000
05:38 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/17/2000 02:37:55 PM
To: pallen@enron.com
cc:
Subject: Daily Report
Phillip,
Today was one of those days because Wade had to go pay his fine and
I had to go take him that takes alot of time out of my schedule.If you get a
chance will you mention to him that he needs to, try to fix his van so tht
he can go get what ever he needs. Tomorrow gary is going to be here.I have
to go but Iwill E-Mail you tomorrow
Lucy
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com |
Date: Wed, 13 Dec 2000 05:40:00 -0800 (PST)
From: paul.kaufman@enron.com
To: phillip.allen@enron.com
Subject: Re:
Body:
Phillip:
I have a meeting tomorrow morning with the Oregon PUC staff to discuss a
number of pricing and supply issues. Can I use the information attached to
your e-mail in the meeting with staff?
Paul
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, 17 Aug 2000 08:53:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mac.d.hargrove@rssmb.com
Subject: Re: enron close to 85
Body:
I checked into exercising options with Smith Barney, but Enron has some kind
of exclusive with Paine Weber. I am starting to exercise now, but I am going
to use the proceeds to buy another apartment complex.
What do you think about selling JDSU and buying SDLI?
Also can you look at EOG as a play on rising oil and gas prices.
Thanks,
Phillip |
Date: Wed, 16 Aug 2000 05:35:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cooper.richey@enron.com
Subject: Re:
Body:
I tried the new address but I don't have access. also, what do I need to
enter under domain? |
Date: Wed, 16 Aug 2000 03:59:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: ENA Management Committee
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/16/2000
10:58 AM ---------------------------
From: David W Delainey 08/15/2000 01:28 PM
Sent by: Kay Chapman
To: Tim Belden/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, W David Duran/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT,
Jeff Donahue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, C John
Thompson/Corp/Enron@ENRON, Scott Josey/Corp/Enron@ENRON, Rob
Milnthorp/CAL/ECT@ECT, Max Yzaguirre/NA/Enron@ENRON, Beth
Perlman/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, David
Oxley/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Mark
E Haedicke/HOU/ECT@ECT
cc: Mollie Gustafson/PDX/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Ina
Rangel/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT,
Christy Chapman/HOU/ECT@ECT, Tina Rode/HOU/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Lillian Carroll/HOU/ECT@ECT, Tonai
Lehr/Corp/Enron@ENRON, Nicole Mayer/HOU/ECT@ECT, Darlene C
Forsyth/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT, Angela
McCulloch/CAL/ECT@ECT, Pilar Cerezo/NA/Enron@ENRON, Cherylene R
Westbrook/HOU/ECT@ECT, Shirley Tijerina/Corp/Enron@ENRON, Nicki
Daw/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect
Subject: ENA Management Committee
This is a reminder !!!!! There will be a Friday Meeting August 18, 2000.
This meeting replaces the every Friday Meeting and will be held every other
Friday.
Date: Friday August 18, 2000
Time: 2:30 pm - 4:30 pm
Location: 30C1
Topic: ENA Management Committee
If you have any questions or conflicts, please feel free to call me (3-0643)
or Bev (3-7857).
Thanks,
Kay 3-0643 |
Date: Wed, 16 Aug 2000 03:57:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cooper.richey@enron.com
Subject: Re:
Body:
Cooper,
This is the website I use:
http://ectpdx-sunone/~ctatham/navsetup/index.htm
Should I use a different address. |
Date: Tue, 15 Aug 2000 05:37:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cooper.richey@enron.com
Subject:
Body:
Cooper,
Did you add some more security to the expost hourly summary? It keeps
asking me for additional passwords and domain. What do I need to enter?
Phillip |
Date: Thu, 10 Aug 2000 15:02:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stephanie.sever@enron.com
Subject: Re: Your approval is requested
Body:
Stephanie
Please grant Paul the requested eol rights
Thanks,
Phillip |
Date: Thu, 10 Aug 2000 05:36:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stephen.harrington@enron.com
Subject: tv on 33
Body:
Cash
Hehub
Chicago
PEPL
Katy
Socal
Opal
Permian
Gas Daily
Hehub
Chicago
PEPL
Katy
Socal
NWPL
Permian
Prompt
Nymex
Chicago
PEPL
HSC
Socal
NWPL |
Date: Thu, 10 Aug 2000 01:52:00 -0700 (PDT)
From: phillip.allen@enron.com
To: sunil.dalal@enron.com
Subject: Re: Ad Hoc VaR model
Body:
I tried to run the model and it did not work |
Date: Mon, 31 Dec 1979 16:00:00 -0800 (PST)
From: phillip.allen@enron.com
To: stephen.harrington@enron.com, mary@enron.com
Subject:
Body:
EOL report for TV in conference on 33
Cash
-Hehub
-Chicago
-PEPL
-Katy
-Waha
Prompt Month Nymex |
Date: Wed, 9 Aug 2000 07:12:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: TRANSPORTATION MODEL
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/09/2000
02:11 PM ---------------------------
Enron North America Corp.
From: Colleen Sullivan 08/09/2000 10:11 AM
To: Keith Holst/HOU/ECT@ect, Andrew H Lewis/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Larry May/Corp/Enron@Enron, Kate Fraser/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Greg Couch/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron,
Sandra F Brawner/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Hunter S
Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
cc: Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON
Subject: TRANSPORTATION MODEL
Please plan to attend a meeting on Friday, August 11 at 11:15 a.m. in 30C1 to
discuss the transportation model. Now that we have had several traders
managing transportation positions for several months, I would like to discuss
any issues you have with the way the model works. I have asked Zimin Lu
(Research), Mark Breese and John Griffith (Structuring) to attend so they
will be available to answer any technical questions. The point of this
meeting is to get all issues out in the open and make sure everyone is
comfortable with using the model and position manager, and to make sure those
who are managing the books believe in the model's results. Since I have
heard a few concerns, I hope you will take advantage of this opportunity to
discuss them.
Please let me know if you are unable to attend. |