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zipper-a/inbox/50. | NYMEX Aluminium Market Maker ,
Joe Gold has kept you informed of our discussions with NYMEX. Please see First Draft attached of our understanding of this meeting. Joe Robertson of our New York office 001 212 715 5254 is fully aware of our ideas and has (as far as metals are concerned) good contacts at NYMEX.
We would suggest that you engage him as the metals futures specialist in your further discussions with NYMEX.
We have had some further telecon discussions with NYMEX and will modify this first draft and, of course, send you final copy we transmit to NYMEX.
Best regards
Mike Hutchinson | 516,273 |
||
zipper-a/inbox/52. | Password Reset ,
The password for your account:P00500299 has been reset to:13443066 | 516,275 |
||
zipper-a/inbox/53. | MS150 pledges ,
Ladies and gentlemen,
A gentle reminder that the pledges you made to Jeff Skilling for the MS150 are now overdue. Kindly send your check, made payable to "NMSS," to me at EB5008a no later than Friday, June 1. Community Relations is handling the matching gift for this event, so there is no need to complete a matching gift form.
If you have any questions regarding your pledge, please don't hesitate to call me at x3-5984. Thank you again for your support on this event.
Regards,
Sherri | 516,276 |
||
zipper-a/inbox/54. | NGX ,
I just wanted to let everyone know our time line with respect to NGX:
May 31st - Press release to the industry that Enron's information will be included in the NGX Index starting July 1st, 2001 (Rob Milnthorp).
June 15th - Enron systems are in place to transfer data to NGX (Andy Zipper & Jay Web).
June 30th - NGX is tested and ready to go.
July 1st - Enron's data is included!!!!
If anyone needs help facilitating this process please coordinate with Chris Lambie (974 - 6780).
Regards,
Jon | 516,277 |
||
zipper-a/inbox/56. | EnronOnline Org Charts - June 2001 ,
Peggy,
Please see attached org charts for the EnronOnline group. If you have any questions give me a call.
m
Lydia Cannon
Assistant to Andy Zipper
EnronOnline
713-853-9975
713-408-6267 cell | 516,279 |
||
zipper-a/inbox/57. | Planning for our Next Meeting in Detroit ,
Richard, Derrick and Alan:
I think we can all agree that Thursday's conference call was very constructive and promising. In order to ensure that we work together in the most efficient and effective manner, let us make sure that our communication channels among the four groups (Enron Net Works, Enron Global Markets, GM IS&S and GM Worldwide Purchasing) is always inclusive. I suggest the following contacts on all correspondence:
ENW - John Allario (713-853-4587)
EGM - Alan Engberg (713-853-5279)
IS&S - Mike Darrow (313-665-5206)
WWP- Derrick Starosa (810-575-2221)
EGM and ENW have begun putting together the product and market description for each of the products specified at today's conference call. John and Alan are coordinating that effort along with Enron's Fundamentals Group. My understanding is WWP will likewise be ready to discuss its operational and product issues during the upcoming meeting in Detroit, tentatively scheduled for the week of June 11th.
The EGM/ ENW teams will provide a well researched product and market opinion of those petrochemicals initially deemed lacking sufficient market traction as well as those petrochemicals specified by WWP as potential Pilot Program participants. Those potential Pilot Petchems were identified as: (1) Benzene, (2) Butadiene, (3) Cumene, (4) Ethylene, (5) Methanol, (6) PG Propylene, (7) Styrene, (8)Toluene. Let's plan to determine the best day(s) to meet in Detroit by next Wednesday, June 6th.
Please advise me of any questions you may have or of any errors or omissions, which this email may contain. I look forward to working together will all of you on this effort over the next two weeks.
Best regards,
-John
John Allario
Enron Net Works L.L.C.
713-853-4587 (o)
713-562-8684 (c)
[email protected] | e-mail <[email protected]>, e-mail <[email protected]>, | 516,280 |
|
zipper-a/inbox/58. | RE: Re: Andy Zipper - PRC Participation ,
Suzanne,
Update. I have reserved conference room EB2626 on Friday, June 8, 2001 from 10:00 am to 12:00 pm C.S.T. See additional details below:
Discussion: London PRC Participation
Length of time: 2 Hours
Phone: 713-345-7456
Polycom: 713-646-4841
Let me know if there are any questions or changes.
Regards,
Assistant to Andy Zipper
713-853-9975
713-408-6267 cell
[email protected]
-----Original Message-----
From: Call, Suzanne
Sent: Friday, June 01, 2001 1:38 AM
To: Cannon, Lydia
Cc: Hollis, Kate
Subject: Re: Andy Zipper - PRC Participation
Hi Lydia,
Just to keep you in the loop, apparently Andy will not be in London for this meeting we spoke about yesterday. We will however, be including him via video conference. Due to the time difference we have moved the meeting till 5pm (London time) on the 8th June to accommodate Andy's participation. Would you be able to book a VC room for him please, and advise which room he will be situated in. The meeting will be 2 hours maximum in duration.
Many thanks
Suzanne | 516,281 |
||
zipper-a/inbox/59. | RE: Associate Promotions to Manager ,
We would like to nominate Carlos Alatorre for promotion to Manager. Thanks.
Savita
-----Original Message-----
From: Davis, Karen
Sent: Friday, June 01, 2001 2:22 PM
To: Puthigai, Savita
Subject: Associate Promotions to Manager
Savita:
Below is a list of Associates in your group who are eligible to be nominated for promotion to Manager during the year-end PRC. Please review and advise if you would like to nominate any or all of them for promotion. Please understand that a promotion is dependent upon the rating they receive in the final PRC. We would like to receive your feedback regarding this information by June 5 in order to include it in the pre-rate meeting for your business unit.
Associate to Manager
Alatorre, Carlos
Please contact your Career Development representative listed below if you have any questions regarding the promotion eligibility process. Thank you in advance for your cooperation!!
Thank you,
Shelly Butler x3-4584 Jana Giovannini x3-9233
Lisa Jones x35213 Andrea Richards x36499 | 516,282 |
||
zipper-a/inbox/6. | Exotica add-in ,
Andy,
Just finished meeting with Nelson from gas fundies and Martin Lim from power fundies to discuss getting the Exotica libraries migrated ASAP. The best I can get from them is "hopefully tomorrow" as far as a date for migration. They are dealing with the validation of calculation routines between the UBS libraries and the Exotica libraries since Exotica will play a role in pnl calculation. I will follow up on this again tomorrow. I told them that "hopefully tomorrow" was not the answer I was looking for so I would help out in any way. They recognize that we need these libraries loaded on our machines regardless of their validation. Also, Nelson showed me a list of the products that are scheduled for 'day 1' and power options are not on that list. There are a lot of people working with that list to prioritize support so this is just a heads up for you. Later.
Rob | 516,283 |
||
zipper-a/inbox/61. | Savita's Cell Phone Number ,
Savita's cell phone number while in London is: 44 777 8463 790.
Lydia Cannon
Assistant to Andy Zipper
713-853-9975
713-408-6267 cell
[email protected] | 516,285 |
||
zipper-a/inbox/62. | Non-Exempt Scorecard ,
The following was developed in an effort to assist with your evaluation of Non-Exempt employees.
Please let me know if you have any additional questions.
Thanks,
Ryan | 516,286 |
||
zipper-a/inbox/63. | PowerITS ,
The companies involved are:
SKM Energy Brokers (Scandanavian brokerage company)
Powerbroker (pbi) (German brokerage company)
Univits (software company)
Dave | 516,287 |
||
zipper-a/inbox/64. | GM CFO Cover Story - CFO Magazine ,
Guys
FYI........................Article on John Devine, CFO - GM.
http://www.cfo.com/magazinearticle/1,4598,0|83|3443,00.html
John Allario
Enron Net Works L.L.C.
713-853-4587 (o)
713-562-8684 (c)
[email protected] | 516,288 |
||
zipper-a/inbox/65. | Broker Report 06/4/01 ,
Adam Johnson
EnronOnline
713-853-5221 | 516,289 |
||
zipper-a/inbox/66. | RE: screen ,
Andy, you have Reuters already. Go to Start; Programs; Business Applications; Reuters Kobra. I will schedule someone to set it up for you.
Mike B
-----Original Message-----
From: Zipper, Andy
Sent: Monday, June 04, 2001 11:43 AM
To: Bridges, Michael
Subject: screen
Can I get a Reuters screen as well ? | 516,290 |
||
zipper-a/inbox/67. | EnronOnline Real Time Quotes ,
We are all very excited about the product and very much appreciate all of the work you have done on this project. ANYTHING that we can do to help--just ask.
Mike Bridges | 516,291 |
||
zipper-a/inbox/68. | EnronOnline Daily Trade Report ,
Justin Rostant
EnronOnline LLC.
Phone: 713-853-6460
Mobile: 832-264-6333
Fax: 713-646-2126
<Embedded Microsoft Excel Worksheet> | 516,292 |
||
zipper-a/inbox/69. | RE: EOL Changes ,
In short, the version of StackManagerServer you are using will no longer work after our next release. The version you working with is about 9 months old. There has been significant modifications to the interface, event model, and message types.
Your version of SMServer cannot be used any longer. We are still in the process of finishing development. After we have completed it, we may be able to provide some assistance. However, there will be little time for you to make modifications prior to our release.
Regards,
Michael
-----Original Message-----
From: Dudmesh, John
Sent: Tuesday, June 05, 2001 4:33 AM
To: Guadarrama, Michael
Subject: EOL Changes
Mike,
Further to my call yesterday can you let me know what changes to StackManager are proposed.
many thanks,
John Dudmesh | 516,293 |
||
zipper-a/inbox/70. | A/A Pre-PRC Meeting ,
A Pre-PRC meeting to discuss Analyst I, Analyst II, and Associates has been scheduled for:
Date: Friday, June 15th
Time: 9:00 - 12:00
Place: EB49c3
If you have any questions or need additional information, please contact Ryan Seleznov at x3-5759 or Janet De La Paz at x3-9649.
Thank you,
Janet De La Paz | 516,295 |
||
zipper-a/inbox/71. | Re: ICE ,
Well done on getting this far with ICE - uphill but worth it
From: Andy Zipper/ENRON@enronXgate on 06/04/2001 01:46 PM
To: Greg Piper/ENRON@enronXgate, Greg Whalley/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, John Sherman/ENRON@enronxgate
cc:
Subject: ICE
I met with Jeff Sprecher of the Intercontinental Exchange for almost an hour and a half and thought it would be a good idea to bring you up to speed on where they are heading.
1). We now have the complete API to them, but it is hooked up to their test environment. They will be sending us a contract to sign before they connect it to their production site. He assured me it will be the same contract that all the founders have to sign to get access to it. Esentially, if we trade or provide prices the API will be free; if we are voyeurs then we will have to pay for it.
2). He stated that charging commssion is not a denfensible business model. They will try to make their money through mid and back office services.
3). Their purchase of the IPE is directly related to implementing 2). his vision is to use the IPE infrastrucutre to make all derivative trades cleared and then use the FCM's to fulfill the back office movemment of funds tasks. In a nutshell he beleives the FCM's are all interconnected and used to moving money around for settlements and margins through the clearinghouse, so why not expand their role.
4). When I expressed some skepticism about 3). he asked if we would like to participate in a forum with other ICE members to discuss shared mid and back ofice services. I told him we would.
If anyone has any questions about this let me know.
AZ | 516,296 |
||
zipper-a/inbox/72. | Int'l Coal & Broker Client ,
According to the International Coal desk, the three brokers that have expressed interest are:
- TFS
- GFI
- NatSource
Apparently the desk is not as enthusiastic about NatSource from their perspective, though they would be happy to see the other two getting access.
Let me know if I can further assist.
Thanks,
Paul | 516,297 |
||
zipper-a/inbox/73. | FW: Global Strategic Sourcing Question ,
Andy,
This technically possible if we model this as a standard product. To make it look like a realtime auction is also possible but will require some work. It's something that would be interesting to have.
Regards,
Michael
-----Original Message-----
From: Johnson, Shelley
Sent: Tuesday, June 05, 2001 2:20 PM
To: Alatorre, Carlos
Cc: Webb, Jay; Guadarrama, Michael; Perlman, Beth
Subject:
All,
Dale Neuner and Ross Mesquita referred me to you all. I work with Global Strategic Sourcing and am looking to implement an "online marketplace" idea into Enron Online. This would involve vendors and suppliers providing bids in a structured format - kind of like a reverse auction E-Bay. Vendors would be able to see their competitors bids online, but not their names. Any registered vendor would be able to update their numbers online, "real time".
First, we would like to know if anything like this is being done at Enron.
Next, is it technologically possible to bring this concept into Enron Online?
Please advise. We would like to do a test pilot as soon as possible with Crane Rentals. Please give me a call so we can discuss this possibility,
5-6528.
Thanks,
Shelley
Shelley Johnson
Business Analyst
Global Strategic Sourcing
713-345-6528
333 Clay Street 1116d
Houston, TX 77251
[email protected]
http://gss.enron.com/ | 516,298 |
||
zipper-a/inbox/74. | LOCAL CANDIDATE - Alex Alaniz ,
Andy, please reply if you have an interest or not.
Thanks,
Toni
Alex Alaniz- He is currently a Postdoctoral Fellow at the University of Houston, Dept. of Chemistry. He is working on a research project in which he is trying to use statistics to reduce dimensions of very large protein folding problems. He has a strong understanding of stochastic differential equations, probability theory and Monte Carlo methods. In addition, he has strong Excel and Fortran skills. Current salary is 28K. He is excited about the opportunity to work for a company like Enron and feels he can contribute a lot because of his Math and Physics background. | 516,299 |
||
zipper-a/inbox/75. | RE: Int'l Coal & Broker Client ,
I am talking to GFI for North America. GFI originally called us concerning Europe but backed down and didnt want to pay. I will ask again if they want Europe.
Natsource Europe is in contract discussions with us for Europe and UK Gas and Power. They asked us to throw in coal and the coal group said no. I have tried to get them to change their position as this will add liquidity. Ask them why they do not want Natsource. They pay nothing for executions by Natsource.
TFS has not been contacted concerning Europe. Feel free to contact them and try to get a deal. Call me to discuss.
-----Original Message-----
From: Goddard, Paul
Sent: Tuesday, June 05, 2001 1:23 PM
To: Shults, Bob
Cc: Zipper, Andy
Subject: Int'l Coal & Broker Client
According to the International Coal desk, the three brokers that have expressed interest are:
- TFS
- GFI
- NatSource
Apparently the desk is not as enthusiastic about NatSource from their perspective, though they would be happy to see the other two getting access.
Let me know if I can further assist.
Thanks,
Paul | 516,300 |
||
zipper-a/inbox/76. | Latest Offline Contact Status ,
Offline Contact Status - 6/6/01
1. Commerce One
C1 is working on a valuation analysis, including customer discussions. A meeting in Austin with Mark Hoffman and Matt Graves is being arranged for Thursday or Friday, 6/21 or 6/22. C1's current position is that the value of an Enron company owning the Offline IPR is $50 - $100 million.
2. Reuters
Philippe and Andy are following up with Phil Lynch and others to define a go-forward plan.
3. Sungard
Executive meeting being scheduled. Also exploring interest in mid/back office systems and DealBench.
4. SAP
Conference call with Brian Bartoldson of SAP Consulting scheduled for this Thursday, 6/7, at 2pm. Brian will provide additional "expert" input to Gary Fromer, who is still trying to sort through the size of the Offline market opportunity.
5. Sun/iPlanet
Meeting with John Fowler of Sun M&A scheduled in Houston on Tuesday, 6/12 . Offline will be discussed from 9am - 12:30pm, DealBench from 12:30pm - 3pm.
6. Microsoft
Working with Peter Houston, Group Program Manager for Active Directory, to see if he can help us get a meeting in Redmond with the right Microsoft audience. Have been referred to James Utzschneider, one of the Microsoft application product executives. Philippe is working with Microsoft contacts also from the technology side.
7. BEA
Initial interest confirmed via conference call last week. Trying to schedule initial meeting for presentation and demo.
8. Siebel
Working with Beth Perlman and Joe Wong to establish contact.
9. HP
Working with local HP representative, Michael Morrison, to establish contact.
10. TIBCO/Accenture
On hold.
11. i2
On hold. | 516,301 |
||
zipper-a/inbox/77. | Option Manager - extra features ,
Savita
In our testing we have found the inability to manage our wing-strikes risk. The way it works for power markets is that most traders would be unwillling to trade more than 250MW of a wing strike without widening out the bid offer. Similarly the risk at some point can get high enough to suspend wing strikes. In the current option manager, the only possibility is to increase or decrease the ATM suite vol (which has little effect on the wing strikes anyway).
For that reason we need a volumetric control for each strike. The volumeteric control could be a toggle which could be turned on or off. If the volumetric control toggle si on, corresponding to each strike, there would be a maximum volume. If the strike is hit or lifted by that volume, that strike is automatically suspended and the trader notified. This allows the individual strike risk to be limited. This also allows us to put some less liquid markets out there - where the price discovery is evolving. In those products we can put the volume to be limited at 100 MW for each strike making the risk more manageable.
Pls give me a call, so that we can discuss this further.
Harry Arora | 516,302 |
||
zipper-a/inbox/78. | DealBench ,
In addition to the follow-up e-mail from the offsite, I want to explore the possibility that when you click the auction tab on EnronOnline you get DealBench functionality. I know this was explored once before but I want to explore the possibility that we have a single backbone with EnronOnline and customers have a single login to Enron's services, including auctions, data rooms, and deal rooms.
Your thoughts?
GP | 516,303 |
||
zipper-a/inbox/79. | EnronOnline and Ag ,
Can you meet with me before you head back to London? I am on 27.
I am not sure exactly what happened today but it sounds like a shutdown but you want to stay with EGM and sell things we have geared up at Net Works to sell as well?
I am at 713-853-6635.
GP | 516,304 |
||
zipper-a/inbox/80. | Broker Report 06/5/01 ,
Note: This report now includes Exchange Deals Detail for today.
Adam Johnson
EnronOnline
713-853-5221 | 516,306 |
||
zipper-a/inbox/81. | EOL PRE-RATING MEETING ,
In preparation for the EOL Pre-Rating Meeting on 6/13, please send me your initial ratings by 5:00PM on Monday 6/11.
Thanks,
Ryan | 516,307 |
||
zipper-a/inbox/83. | RE: John Cummings Update ,
John,
Thanks for the update. You're certainly hitting the pavement!
Let's get together regarding Koch and Tauber's confidentiality concerns. I think we should be able to give them some comfort in this regard.
Please advise Koch that they do not need to "make markets" on EnronOnline. Our proposal gives them the right, but not the obligation, to post prices and volumes on the bid and/or offer side of the products they choose within the list we agree on.
Dave
-----Original Message-----
From: Cummings, John
Sent: Tuesday, June 05, 2001 1:39 PM
To: Zipper, Andy; Forster, David
Subject: John Cummings Update
Andy & Dave
This is to update you on a few meetings I have had and update you on my activities.
Last week I met with:
Neste Petroelum - Their US Activities are not very applicable, but they are the Finnish National Oil Company and the trader I met with felt there may be some application with their physical European business. They are a big producer of "clean" gasoline and diesel that goes into the EU. He is going to supply an appropriate contact.
Martin Resources - This is a medium size private company and the result of this meeting beyond general market intelligence was a possible interest in showing one market for sulfuric acid, which is a market where they have a Gulf Coast franchise. My contact who is one of the owners and he will revert after having interanl discussions
Enterprise - This meeting got postpones until this coming Friday due to a crisis they had. I did spend a little time with Monty Wells (I think that was his names) who is the SVP incharge of the NGL's. I only presented the idea briefly for him tho think about. My meeting on Friday is with Jim Teague, President & CEO of Enterprise NGL division.
Tauber - Tauber is a medium sized trading company with $1 Billion in Revenues. they are active in Petrochemicals, NGL, Refined Products, and heavy oils. There was an interest and Tauber is an active EOL user and fan. My contact Scott Posednik runs the Petrochemical book and his biggest deal breaker was the security of the transaction information. He indicated the 1% chance that one of the EOL people with access to their data could share that with the commercial groups is a concern. He is going to discuss this with his colleagues and come back to us with their interest. They do a lot of trading in physical Raffinates, Naphtha, etc.
Koch Hydrocarbons - This meeting was well timed as they are actively looking at their e-commerce startegy. I met with Mark Dobbins SVP -Trading and Ron Baker who runs their Olephins and NGL books. Their biggest hurdle is going to be getting comfortable making markets. Another issue will how the credit matrix works. It appears if they did something that they might need something a little more sophistacated than the basic offering. One final issue will be the reps and warranties made by Enron contractually as to the sharing of information with our business groups and the security of the data. They have apparently had an ordeal negotiating their master agreements to transact on EnronOnline and are warry of Enron's contracts. They are going to have some internal discussions and revert next week.
Shell Us Trading (SUSCO) - I had a very good conversation with Steven Murray and he was supposed to get back with me early this week about setting up a meeting. The boundries have been established that our interest would be in their making markets for Oil, Petrochemicals, NGLs and Chemicals only. Gas and Power are currently out of bounds.
This week
I am Vancouver today and tommorrow attending a Wood products conference and I will be in Las Vegas on Thursday. After thoroughly reviewing the pulp and paper industry I think that the only sectors that would easily fit into this model will be the waste paper and lumber. I have had and will have discussion with other producers, but they are still hung up on branding and their products not being commodities ect. I am Vancouver and have several meetings together with the Rob Scheuer with lumber producers about showing offers. In Las Vegas, there is a conference where Ray Bowen is the keynote speaker and there are several potential counterparties attending , including Waste Management. My intent is not to spend too much time on Pulp and Paper and these two trips will allow me to quickly determine who the possible prospects are.
Leave me a message at x36413 if you have any questions or comments | 516,309 |
||
zipper-a/inbox/84. | New Products and Country for week ending 06/01/2001 ,
Attached is the updated report for New Products and New Countries for the week ending 06/01/2001
Regards
jr
3-6460 | 516,310 |
||
zipper-a/inbox/85. | Trade Count and Volumes for June 5, 2001 ,
<Embedded Microsoft Excel Worksheet> | 516,311 |
||
zipper-a/inbox/86. | Spreads Transactions for June 5, 2001 ,
16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun 5-Jun
Aluminum 7 0 0 7 7 8 2 0 4 6 12 8 4 4
Copper 3 5 5 14 8 2 5 1 1 4 3 2 4 3
Gas 15 5 6 14 19 8 5 8 12 6 5 3 2 5
Zinc 1
Total 25 10 11 35 34 18 12 9 17 16 20 13 10 12
Note: Transactions are in pairs, therefore the number of gas transactions for June 5 is 10 etc. | 516,312 |
||
zipper-a/inbox/87. | Re: whats up ,
Hi Andy -
Very good to hear from you --
As of the 1st of the month, I am now working for Allegheny in New York, with
Barry Kostiner and Jake Goldberg (not the fitness guru of the same name). I
called you at home but got your answering machine - send me your work number
to this address and I'll call you sometime during the day tomorrow if that's
convenient.
Alex
----- Original Message -----
From: "Zipper, Andy" <[email protected]>
To: <[email protected]>
Sent: Monday, June 04, 2001 6:01 PM
Subject: whats up
Heard you had ended up at Allegheny. In NYC or Hagerstown MD ?
Drop me a line, I want to discuss something with you.
Hope all is well.
Andy | 516,313 |
||
zipper-a/inbox/88. | RE: Non-Exempt Scorecard ,
It is not mandatory to complete this form in addition to what is in PEP. This was mean't to be used as a guide for those individuals who might need additional assistance in assessing their non exempt staff.
Let me know if you have any other questions.
R.
-----Original Message-----
From: Zipper, Andy
Sent: Monday, June 04, 2001 11:09 AM
To: Seleznov, Ryan
Subject: RE: Non-Exempt Scorecard
would you like me to fill it out and return it to you ? | 516,314 |
||
zipper-a/inbox/89. | Reuters on NYMEX ,
Andy,
Unfortunately, the only stick we have in this game is increasing the total number of subscriptions to a price point whereby NYMEX passes.
We may as well capitalize on this because:
We can't not sell them terminals (Access will be available if the floor traders want it-- IF THEY WANT IT, THEY WILL GET IT.)
The large spread traders already know where ENE is at
Our competitors have been playing the EnronOnline/ floor arbitrage game since day one (it was part on our success)
REUTERS ABILITIES:
1. Reuters has the right to limit "wall board" availability; NYMEX has the right to buy terminals from Reuters
2. Reuters will request "consistency"; in regards to pricing, re-distribution, etc
3. Do not have the capability of breaking up the data set
OPINION:
Sell it. 25K per month. Unlimited enterprise license. | 516,315 |
||
zipper-a/inbox/9. | Corrected Post-AGA NYMEX straddles ,
Sent wrong file previously-- We apologize | 516,316 |
||
zipper-a/inbox/90. | Weekly Reports are Due ,
REMINDER:
Your weekly update for Philippe and Greg is due to me by noon on Thursday.
NOTE: PLEASE SEND YOUR REPORTS TO LISA COSTELLO.
Thank you,
Lisa
(for Tina) | 516,317 |
||
zipper-a/inbox/91. | FW: Enron Concerns about JavaSoft ,
Scott McNealy at Sun asked us to send in an e-mail to him our issues with JavaSoft. Mike took a shot at it and a draft is below. It has not gone to him yet but we should get him something soon.
My comments are that the draft below is very accurate but is too long and detailed for a CEO and the last paragraph, thought factual, will change.
Can you please give me your comments so I can get back with Mike and Jay and finish something and send it to Scott?
Thanks.
GP
-----Original Message-----
From: Guadarrama, Michael
Sent: Wednesday, June 06, 2001 7:31 AM
To: Piper, Greg; Webb, Jay
Subject: Enron Concerns about JavaSoft
To: Scott McNealy.
CC: Jonathan Schwartz, Philippe Bibi, Greg Piper, Jay Webb
------------------
Scott,
Enron appreciates the time Sun has devoted to us over the recent weeks. We have enjoyed meeting with your personnel and yourself to share with you some of Enron's needs and concerns.
EnronOnline and Enron E-Commerce are required to deliver a unique set of capabilities. Our application and organization must support the high velocity (soft real-time) trading behavior of a commodities market, the ever increasing number and complexity of business requirements, the increasing degree of integration between Enron and its trading partners, and the need to do all this as quickly as possible without sacrificing software quality. Each item in itself is not unique, but the combination is.
We firmly believe that our only hope for success is to base our application upon a solid technology stack and development methodology. Our view of the technology stack starts at the bottom with networking, server hardware and storage, operating systems, language, language-level specifications, tools, APIs, and containers, language-independent middleware, and enterprise-level specifications and APIs. Through out this stack, we need the ability to tune each level to optimize it for the particular effort at hand. For instance, applications which do not sustain significant load may wish to take advantage of feature rich language-level and enterprise-level APIs; these applications can live with the performance overhead of these APIs. On the other hand, some applications, such as soft-real-time delivery of quotes over the internet, require the highest performance possible and we are willing to sacrifice the convenience of more feature rich and slower APIs.
As an application development manager, I embrace the notion of standards-based development. It holds the promise to allow me to focus my development resources on delivering business functionality and not on developing middleware and containers or dealing with enterprise integration. Unfortunately, there are significant deficiencies in the existing set of specifications from JavaSoft, W3C, OMG, and IBM/Microsoft. None of the specs or APIs have any concept of performance. None of the specs or APIs allow for tunability of features to increase performance. Lastly, there is a significant gulf between language-level and enterprise-level specifications. For instance, the J2EE technology suite does not at all address enterprise-level integration. To be fair, IBM/Microsoft Web Services does not at all address language-level development.
The fact of the matter is that because of all these deficiencies I have had to continually reduce my use of J2EE technologies. In fact, Enron's most critical systems were developed outside of J2EE. Only our least critical systems use J2EE. In addition, my group spends at least 40% of its development time addressing enterprise-level integration. As the biggest B-to-B site in the world, one can imagine the level of integration we are expected to provide.
My primary criticism with Sun is that they approach customers from the bottom of the technology stack working your way up. Customers need someone to start at the top of the technology stack and explain why it then leads to the bottom. For Sun, it appears to be all about selling hardware and operating systems. Enron has moved past those times. We need top-down solutions.
Solutions:
Create a separate, distinct, and equally influential body in JavaSoft including ONLY large end-user customers (Power Users). A good first list would include Enron, Charles Schwab, GE, and E-Bay.
Create an initiative to focus on enterprise-level specifications with input primarily from the Power Users. This should not be influenced by vendors.
Ensure all past and future Java specifications and APIs are geared around tunability and performance.
Rethink EJBs.
If you want to stop Microsoft from conquering the world, you have to do more than shouting to the heavens. Perhaps, you concede the B-to-C, C-to-C, and E-to-E (employee to employer) markets for now. There's some money there but not as much as there is in the B-to-B market. (Besides, if you really want to win in those markets you need to come out with a desktop which has some useful software on it.) My recommendation is to end-run Microsoft in the B-to-B market by coming out with enterprise-level specification which work and ensure that the Java-based implementation of those specifications are the best. Then market share will follow.
Regards,
Michael Guadarrama
Director, E-Commerce Application Development
Enron Net Works, LLC. | 516,318 |
||
zipper-a/inbox/92. | Amerex - June 5 ,
Amerex June 5
Gas: 10
Power: 63 | 516,319 |
||
zipper-a/inbox/93. | Vector Pipeline ,
Presentation: Vector Pipeline (partnership between Enbridge [Calgary] and Westcoast Energy [Vancouver])
When: Tuesday, June 19 or Wednesday, June 20 (depending on our travel schedule, they can meet either day)
Where: Livonia, MI (Detroit Area)
Who: Craig Fishbeck (President, Vector), John Donaldson (V.P. Marketing), Amy Bruhn (Manager, Marketing)
Comments: NGPL's presence in the Chicago Area should help; J. Donaldson has stated that Vector on EnronOnline could replace the need for them to hire a marketer; EnronOnline trades on several liquid points that Vector crosses; Vector needs an online presence | 516,320 |
||
zipper-a/inbox/94. | Cross-commodity desk ,
Andy,
Mark Tawney told me that you are setting up a cross-commodity desk.
I think it very interesting. Could you give me more details?
Depending on exactly you have in mind, we may be able to help you using weather products.
Thanks,
Claudio Ribeiro
(713)853-7313 | 516,321 |
||
zipper-a/inbox/95. | RE: Vector Pipeline ,
Receipt point: Dawn (Ontario)
Delivery points: Chicago - LDC's (Illinois), ANR ML7 (Wisconsin), Mich.-Consum. Energy (MIchigan)
Competing pipelines: ANR, Panhandle Eastern, NGPL, Trunkline
-----Original Message-----
From: Zipper, Andy
Sent: Wednesday, June 06, 2001 11:38 AM
To: Carter, Carl
Cc: Forster, David; Shults, Bob
Subject: RE: Vector Pipeline
looks good. what are vector's major receipt and delivery points ? | 516,322 |
||
zipper-a/inbox/96. | RE: Reuters on NYMEX ,
As per our discussion today, I think it will be concluded that Reuters and NYMEX can do what they want, terminals or wallboard. I am not sure if you want to talk to Whally first before you talk to Reuters.
If possible, I would give Whalley a day or two to talk to John and Lavo.
In the mean time, Mike can see, on an enterprise license for a year, how high they are willing to go.
Your thoughts?
I will also tell Philippe about this if you haven't already.
Also, Webb called me and I will see him tomorrow about planning around your departure.
GP
-----Original Message-----
From: Zipper, Andy
Sent: Wednesday, June 06, 2001 2:51 PM
To: Piper, Greg
Subject: FW: Reuters on NYMEX
Mike's thoughts on subject...
-----Original Message-----
From: Bridges, Michael
Sent: Wednesday, June 06, 2001 10:07 AM
To: Zipper, Andy
Subject: Reuters on NYMEX
Andy,
Unfortunately, the only stick we have in this game is increasing the total number of subscriptions to a price point whereby NYMEX passes.
We may as well capitalize on this because:
We can't not sell them terminals (Access will be available if the floor traders want it-- IF THEY WANT IT, THEY WILL GET IT.)
The large spread traders already know where ENE is at
Our competitors have been playing the EnronOnline/ floor arbitrage game since day one (it was part on our success)
REUTERS ABILITIES:
1. Reuters has the right to limit "wall board" availability; NYMEX has the right to buy terminals from Reuters
2. Reuters will request "consistency"; in regards to pricing, re-distribution, etc
3. Do not have the capability of breaking up the data set
OPINION:
Sell it. 25K per month. Unlimited enterprise license. | 516,323 |
||
zipper-a/inbox/97. | RE: Deal Bench and EnronOnline ,
I agree.
This is consistent with the e-mail I sent recently and our conversation on the way to Zydako. I assume Webb is for it? If he is, then it is a strategic decision.
I assume it is also a prelude to daily auctions on structured derivatives and shaped products.
Thanks.
GP
-----Original Message-----
From: Zipper, Andy
Sent: Wednesday, June 06, 2001 3:27 PM
To: Piper, Greg; Bibi, Philippe A.
Subject: Deal Bench and EnronOnline
Greg and Philippe
Having listened to the DealBench presentation at our offsite and after discussing with Jay, I would like to propose the following with respect to DealBench and EnronOnline:
1). The most valuable pieces of business functionality DealBench has are the data rooms and auctions. The first might have some going concern value, but probably not much, as IntraLinks, the king, only generates $10MM in revs per year. The second, auctions, while of value will probably be given away by competitors to get other business.
2). The technology as a whole is not severable right now, and probably not ready for prime time. Thus the chances of getting a bid for it as IPR that is above the costs of doing a deal is minimal. We have some knowledge of this from our Offline experiences.
Recommendation:
EnronOnline's auction functionality is very thin. DealBench's has a lot of good business logic built into it. While the code might not be up to our standards, it would be of value to integrate it into the EnronOnline platform. This way we take advantage of the superior EnronOnline brand and not reinvent the wheel as far as business logic is concerned. There will be some development needed to integrate and rewrite the DealBench auctions piece to accommodate the single EnronOnline login, as well as change the look and feel to an EnronOnline one, but this should be well worth it. It is my STRONG belief that there is an untapped market for energy and commodity based auctions that EnronOnline should OWN. As a part of this move we should re-deploy DealBench's auction marketing force to attack this space, which furthers the general commercial goals of ENE, as opposed to something that now is fringe at best.
Thanks,
AZ | 516,324 |
||
zipper-a/inbox/98. | RE: Enron Concerns about JavaSoft ,
I agree that we need to remove last paragraph and shorten the text (I would remove 2nd paragraph, also).
-----Original Message-----
From: Piper, Greg
Sent: Wednesday, June 06, 2001 10:21 AM
To: Bibi, Philippe A.
Cc: Webb, Jay; Guadarrama, Michael; Zipper, Andy
Subject: FW: Enron Concerns about JavaSoft
Scott McNealy at Sun asked us to send in an e-mail to him our issues with JavaSoft. Mike took a shot at it and a draft is below. It has not gone to him yet but we should get him something soon.
My comments are that the draft below is very accurate but is too long and detailed for a CEO and the last paragraph, thought factual, will change.
Can you please give me your comments so I can get back with Mike and Jay and finish something and send it to Scott?
Thanks.
GP
-----Original Message-----
From: Guadarrama, Michael
Sent: Wednesday, June 06, 2001 7:31 AM
To: Piper, Greg; Webb, Jay
Subject: Enron Concerns about JavaSoft
To: Scott McNealy.
CC: Jonathan Schwartz, Philippe Bibi, Greg Piper, Jay Webb
------------------
Scott,
Enron appreciates the time Sun has devoted to us over the recent weeks. We have enjoyed meeting with your personnel and yourself to share with you some of Enron's needs and concerns.
EnronOnline and Enron E-Commerce are required to deliver a unique set of capabilities. Our application and organization must support the high velocity (soft real-time) trading behavior of a commodities market, the ever increasing number and complexity of business requirements, the increasing degree of integration between Enron and its trading partners, and the need to do all this as quickly as possible without sacrificing software quality. Each item in itself is not unique, but the combination is.
We firmly believe that our only hope for success is to base our application upon a solid technology stack and development methodology. Our view of the technology stack starts at the bottom with networking, server hardware and storage, operating systems, language, language-level specifications, tools, APIs, and containers, language-independent middleware, and enterprise-level specifications and APIs. Through out this stack, we need the ability to tune each level to optimize it for the particular effort at hand. For instance, applications which do not sustain significant load may wish to take advantage of feature rich language-level and enterprise-level APIs; these applications can live with the performance overhead of these APIs. On the other hand, some applications, such as soft-real-time delivery of quotes over the internet, require the highest performance possible and we are willing to sacrifice the convenience of more feature rich and slower APIs.
As an application development manager, I embrace the notion of standards-based development. It holds the promise to allow me to focus my development resources on delivering business functionality and not on developing middleware and containers or dealing with enterprise integration. Unfortunately, there are significant deficiencies in the existing set of specifications from JavaSoft, W3C, OMG, and IBM/Microsoft. None of the specs or APIs have any concept of performance. None of the specs or APIs allow for tunability of features to increase performance. Lastly, there is a significant gulf between language-level and enterprise-level specifications. For instance, the J2EE technology suite does not at all address enterprise-level integration. To be fair, IBM/Microsoft Web Services does not at all address language-level development.
The fact of the matter is that because of all these deficiencies I have had to continually reduce my use of J2EE technologies. In fact, Enron's most critical systems were developed outside of J2EE. Only our least critical systems use J2EE. In addition, my group spends at least 40% of its development time addressing enterprise-level integration. As the biggest B-to-B site in the world, one can imagine the level of integration we are expected to provide.
My primary criticism with Sun is that they approach customers from the bottom of the technology stack working your way up. Customers need someone to start at the top of the technology stack and explain why it then leads to the bottom. For Sun, it appears to be all about selling hardware and operating systems. Enron has moved past those times. We need top-down solutions.
Solutions:
Create a separate, distinct, and equally influential body in JavaSoft including ONLY large end-user customers (Power Users). A good first list would include Enron, Charles Schwab, GE, and E-Bay.
Create an initiative to focus on enterprise-level specifications with input primarily from the Power Users. This should not be influenced by vendors.
Ensure all past and future Java specifications and APIs are geared around tunability and performance.
Rethink EJBs.
If you want to stop Microsoft from conquering the world, you have to do more than shouting to the heavens. Perhaps, you concede the B-to-C, C-to-C, and E-to-E (employee to employer) markets for now. There's some money there but not as much as there is in the B-to-B market. (Besides, if you really want to win in those markets you need to come out with a desktop which has some useful software on it.) My recommendation is to end-run Microsoft in the B-to-B market by coming out with enterprise-level specification which work and ensure that the Java-based implementation of those specifications are the best. Then market share will follow.
Regards,
Michael Guadarrama
Director, E-Commerce Application Development
Enron Net Works, LLC. | 516,325 |
||
zipper-a/inbox/99. | FW: building liquidity ,
who met with caminus?
-----Original Message-----
From: "Masiello, Ralph" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Masiello+2C+20Ralph+22+20+3Cralph+2Emasiello+40caminus+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, June 06, 2001 3:25 PM
To: '[email protected]'
Cc: Andrus, John
Subject: building liquidity
Philippe, John Andrus tells me he has had some general discussions with you
in recent weeks. John and I will be in Houston next week,
Wednesday-Thursday, and we would very much like to meet with you at your
convenience one those days to discuss some ideas we have to make it more
attractive for Caminus users to trade on Enron OnLine. (We're not trying to
sell you anything !!)
If you could make some time available I think it would be worthwhile; hope
to hear back from you.
I can be reached most days in Manhattan at 212 515 3691. | 516,326 |
||
zipper-a/kiodex/1. | Enron Comments on SHA and RRA ,
Raj--
Attached to this e-mail in two separate tif files are hand-marked pages from the Stockholders' Agreement and the Registration Rights Agreement reflecting our comments thereon. To access these documents double click on the icons below. If you are unable to access these documents, please contact my secretary, Stephanie Kaczenski, at 713.758.2734 for a facsimile copy.
These documents and our comments thereon have not been fully reviewed by representatives of Enron and, thus, remain subject to the review and comment of such persons.
Please forward this e-mail to representatives of Warburg as early as possible on Friday morning so that they may review our mark-ups and prepare for our conference call.
Sincerely,
Michael S. Telle
- Michael Telle (E-mail).vcf
- SA.TIF
- RRA.TIF | 516,327 |
||
zipper-a/kiodex/10. | #333061 v4 - Registration Rights Agreement ,
Attached is an initial draft of the Registration Rights Agreement for the
Enron/Kiodex transaction. Feel free to call me at 212-506-7205 with any
questions or comments.
<<333061.doc>>
============================================================================
This message contains information which may be confidential and privileged.
Unless you are the addressee (or authorized to receive for the addressee),
you may not use, copy or disclose to anyone the message or any information
contained in the message. If you have received the message in error, please
advise the sender by reply e-mail @mofo.com, and delete the message.
Thank you very much.
============================================================================
- 333061.doc | 516,328 |
||
zipper-a/kiodex/11. | Kiodex documents attached ,
Gentlemen:
Attached are a cover memo, Enron's comments to the Common Stock Purchase Agreement, Warrant, Stockholders's Agreement, and a draft of the Co-Marketing Agreement. Please contact us and let us know when we could schedule a call to discuss the attached.
- DVComparison_Houston_459043_3-Houston_459043_4.DOC
- compared v4 2-22 Warrant to Acquire Common Shares.DOC
- compared 2-22 v5 Stockholders Agreement.DOC
- v4 Common Stock Purchase Agreement.DOC
- v5 Stockholders Agreement 2-16.DOC
- v4 Warrant to Acquire Common Shares 2-16.DOC
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,329 |
||
zipper-a/kiodex/12. | RE: Changes to Kiodex co-marketing agreement ,
Oops. Glad you said something. I didn't see that my assistant had placed that on my calendar. See you then.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,330 |
||
zipper-a/kiodex/13. | RE: Changes to Kiodex co-marketing agreement ,
Did you pass that on to Drew or Jay? If we really don't think we'll do a five year day, they really need to talk to Kiodex before we send documents out.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,331 |
||
zipper-a/kiodex/14. | Kiodex description of consideration ,
Here is a rider to the stock purchase agreement that I would propose to use describing the consideration we are giving for the 12.5%:
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,332 |
||
zipper-a/kiodex/15. | RE: Kiodex stock purchase agreement ,
We would close into escrow in early March, but would have to close out of escrow by March 31 to get p/l in the 1st quarter. In other words, the stock goes into escrow on March 7, but we have to deliver the consideration and have the shares delivered to us by March 31 to get p/l in the first quarter.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,333 |
||
zipper-a/kiodex/17. | Kiodex stock purchase agreement ,
To summarize where we are on the accounting issues related to booking all of the income related to our 12.5% equity investment in Kiodex in Q1:
The 12.5% equity investment has to be a completely separate transaction from the co-marketing arrangement for which we are paid in warrants.
Kiodex cannot clawback or redeem any portion of the 12.5% if Enron walks the co-marketing agreement at any point in the five-year term. It is ours to keep.
The 12.5% equity investment will be collapsed with the co-marketing deal (and therefore income can only be realized over the five-year term) if there isn't enough consideration for the 12.5% to make it look like a real deal. Mike Patrick believes that we can get the desired accounting treatment for the 12.5% if we deliver promotional materials to our customers and EnronOnline "statistics" as consideration for the 12.5%. We have not really spelled out exactly what this consideration is, but I have attached a draft stock purchase agreement in which we have attempted to do so in Section 5.11.
Kiodex wants to close this deal by March 7; we probably can't get the consideration in line by then, but we probably could by the end of the quarter. Kiodex wasn't crazy about giving us the 12.5% for anything less than the 5-year marketing agreement, and wanted a clawback on the shares even then; they sure won't give us 12.5% for a promise to deliver the consideration by the end of March. This means we will have to close the deal into escrow, and can get the shares when we deliver the consideration.
Here are the questions for the deal team:
1. What can we give to Kiodex before the end of Q1 that supports our 12.5% equity investment. I can describe the promotional materials, but what "statistics" can we provide that will be valuable to Kiodex? (Remember that Kiodex will have to feel like they are getting SOMETHING for the 12.5% equity they are giving us, because again, it will be ours to keep regardless of what happens to the co-marketing agreement).
2. Whatever we decide to give to Kiodex for the 12.5%, we will have to be able to deliver it IN FULL by the end of Q1; otherwise, we can't get our shares, and we can't book the income.
Here is the stock purchase agreement; I wam working on the language in Section 5.11, but it gives you an idea of what we think we might be able to do.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,335 |
||
zipper-a/kiodex/2. | Revised language for co-marketing agreement ,
Drew and I have spoken about his suggested changes to the co-marketing agre=
ement regarding the annual mail-out. I understand the issue to be that ann=
ual mailout to the EnronOnline customer list that we are giving under the s=
tock purchase agreement needs to stand on its own as very valuable consider=
ation (and it is). The annual mail-out previously referenced in the co-mar=
keting agreement is so similar to the initial mail-out in the stock purchas=
e agreement, that a conclusion could be reached that the annual PR campaign=
is the real consideration for the 12.5% stock (i.e., that it really takes =
annual mailings by Enron before Kiodex gets any value out of Enron having d=
one the mailout to its customer list). Drew indicated that other co-marke=
ting efforts would probably be OK, just not the same ones that we used to g=
et the 12.5%. Based on this, I have prepared the following revision of Dre=
w's suggestion (since we don't know what that distribution will look like t=
oday, I believe we need the items in (i), (ii) and (iii) to limit our expos=
ure on this obligation. =20
At least once during each twelve-month period during the term of this Agree=
ment, Enron and Kiodex will cooperate in an annual distribution of marketin=
g and promotional materials with respect to the Kiodex Application, provide=
d that (i) any such materials to be distributed shall be in form and substa=
nce mutually acceptable to Enron and Kiodex; (ii) the timing, manner, and t=
argeted audience of such distribution shall be mutually agreeable to Kiodex=
and Enron; (ii) any materials distributed to Enron Customers that are not =
also Kiodex Customers may only be distributed by Enron and must market or p=
romote the Kiodex Application as an additional functionality of the Enron W=
eb Site available through the Kiodex Lite Tool; and (iii) no such distribut=
ion shall result in any expense (including labor and materials) in excess o=
f $________. =20
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3893
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,338 |
||
zipper-a/kiodex/20. | ,
Attached is a draft Co-Marketing Agreement for the Kiodex transaction for your review. As the deal has changed a lot since Kiodex' first draft, the attached is a substantial rewrite prepared in a short amount of time. We may not have caught everything, but we feel that this is a solid first draft that we are ready to send to Kiodex, subject to your review.
We would like to send this to Kiodex by the end of the day on Friday. I know this is short notice, so I have prepared the following list of key issues that may speed your review of the draft. Of course, we will advise Kiodex that any draft we send them remains subject to any additional comments that we may have. Please contact me if you have any comments or questions regarding the attached.
1). Resources. To what extent will EnronOnline be willing to commit personnel/time/resources to Kiodex to make this work? Kiodex will probably ask for some commitment by Enron to assist it in addressing operational problems, etc. Is our only obligation to build the data feed, or are we obligated to modify it/repair it/revise it for changes in the Kiodex or Enron websites? See, for instance, Section 2.3 and Exhibit C that discuss our "co-marketing" obligations, and Section 3.2(a) is another provision under which Enron will be expected to devote some time and effort to the relationship.
2). Noncompete/Maintaining EnronOnline Flexibility. We assume that EnronOnline will want to maintain as much control over the EnronOnline website as possible and be subject to as few limitations as possible. We assume that Kiodex will have virtually no say in what the Enron site looks like or contains as long as we continue to give the link to the Kiodex site the same level of "prominence" on the site. See Section 2.4 (the "non-compete"), 2.5, and 4.3, and Exhibit C.
3). Control/influence over Kiodex site and Kiodex operations. What degree of control does EnronOnline wish to have over the Kiodex website and the manner in which Kiodex operates? For instance, do we want to ensure that Kiodex gives EnronOnline a comparable level of visibility on their site compared to that given to EnronOnline competitors? Do we want to establish specified performance criteria or standards for the Kiodex website? See Article 6 and Exhibit E.
4.) Suspension/termination rights. Under what circumstances should EnronOnline be permitted to suspend performance of or terminate the Marketing Agreement? Andy, we have incorporated a few provisions from the Posting Agreement that we thought had some application to this relationship, but there may be more. See Article 8.
5). Limitation of Liability/Indemnities. We will have to be comfortable with the scope and extent of Enron's liability to Kiodex and to third parties (Enron customers); we are taking the position that Enron will have virtually no liability to its customers or Kiodex for mistakes in the Kiodex reports, etc., but this will also have to be covered in more detail in the agreements that we enter into with our customers that choose to use the Kiodex service. See Section 11.
You will note that Ted Stockbridge has also inserted notes and questions throughout the text of the document related to certain issues. Please feel free to comment on any of these items as well.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | 516,339 |
||
zipper-a/kiodex/21. | Kiodex and EOL ,
Andy:
How are you? I would like to thank you for hosting us in Houston a couple
of weeks ago. The entire Kiodex team had a great time and felt very good
about what we accomplished on that trip. On a personal note, I was very
excited about our conversation on all of the straight through processing
opportunities that we could pursue together, once this deal is closed.
I have since spoken to Jay, Drew and our counsel and understand that we are
in the homestretch of closing our deal. This is great news. I think there
is only one open issue (historical trade feed) and one other one that needs
further clarification (web site placement). I would like to set up a brief
phone call with you so we can put these to bed. I have some ideas to make
this a win-win for both of us.
Are you available in the next couple of days?
Cheers,
Raj
Raj Mahajan
President
Kiodex, Inc.
+1 877 6 KIODEX
+1 646 437 3871 direct
+1 646 437 3832 fax
www.kiodex.com | 516,340 |
||
zipper-a/kiodex/22. | Updated EOL/Kiodex Co-Marketing Agreement ,
To all concerned:
Here is a revised EOL/Kiodex Co-Marketing Agreement updated to reflect the discussions that occurred with Kiodex last week and Andy Zipper's follow on comments. I believe both EnronOnline and Kiodex have agreed to all of the key commercial and technical terms presented. The Enron legal department expects to be able to use this document as a basis for the drafting of a formal Co-Marketing Agreement.
In addition, I intend to forward this document on to Kiodex this afternoon so please let me know if you have any final questions, comments, or additions. Thank you.
Drew
x56075 | 516,341 |
||
zipper-a/kiodex/23. | RE: co marketing open issues ,
Andy,
Thanks for the quick response to my Co-Marketing memo. I do have two comments:
1) With regards to the historical data. I understand that it is less work for Enron if Kiodex gets this data from their customers. However, I think the rationale behind requesting it from EOL is the belief that many of our Tier II and III customers trade a significant percentage of their book on EOL. Furthermore, Kiodex believes that these customers are likely to be less technologically sophisticated and may have difficulty transferring the data electronically themselves thereby necessitating cumbersome manual entry. Finally, I don't understand how much work it would be for EOL given that it would be a one-time event for each customer to be done after hours.
2) I don't agree that the "only relevant gauge [of customers] is number of executed contracts." I would argue that it is possible (maybe even probable if we don't facilitate the transfer of historical transaction data) for a customer to become exposed to Kiodex on EOL, become a paying customer of Kiodex, and decide not to have their trades forwarded on a real-time basis from EOL preferring to do this themselves. If this were to occur, there would be no need for the customer to sign a contract with Enron and, as a result, we would not receive credit for that customer in our warrant calculations.
Neither of these points is particularly critical. Furthermore, I do believe that Kiodex will agree to the terms outlined in the revised Co-Marketing document attached below, but I think there may be benefit to us to considering these points. Let me know your thoughts. Thanks.
Drew
x56075
-----Original Message-----
From: Zipper, Andy
Sent: Monday, February 05, 2001 5:26 PM
To: Drew Ries/HOU/ECT@ENRON
Subject: co marketing open issues
Drew please find my responses to the open issues:
<< File: CoMarketing_2-5-01.doc >> | 516,342 |
||
zipper-a/kiodex/24. | Kiodex/Enron Updated Co-Marketing Agreement ,
Andy,
Here is my understanding of what was agreed to last Thursday and Friday with Kiodex. You will notice that there a couple of Open Issues you are probably best able to respond to. Before forwarding this document to Kiodex and using it as a basis for a formal legal Co-Marketing document, we may also want to consider one further review by Travis McCullough, Mark Taylor, Louise Kitchen, and Jay Webb. Let me know your thoughts and comments.
Drew
x56075 | 516,343 |
||
zipper-a/kiodex/25. | FW: Enron SPA & Stockholders Agr (12.22.00) ,
Andy,
Here are the first drafts of the equity docs. We (Enron) initially delayed providing comments to Kiodex until it became clear they were going to receive funding and that a commercial deal could be struck with EOL. Since I believe we are well on our way to both of these things happening, I plan to meet with V&E and provide feedback to Kiodex shortly.
In addition to these documents, there will also have to be the following docs:
1) Co-Marketing Agreement
2) Warrant Agreement
3) Registration Rights Agreement
4) Employment Contract for Martin Chavez
Drew
x56075
-----Original Message-----
From: Raj Vaswani <[email protected]>@ENRON [mailto:IMCEANOTES-Raj+20Vaswani+20+3Craj+2Evaswani+40kiodex+2Ecom+3E+40ENRON@ENRON.com]
Sent: Friday, December 22, 2000 8:02 PM
To: McCullough, Travis; Michael Telle (E-mail)
Cc: '[email protected]'; Ries, Drew; R. Martin Chavez; Raj Mahajan
Subject: Enron SPA & Stockholders Agr (12.22.00)
Gentlemen:
Attached are drafts of the Stock Purchase Agreement and Stockholders
Agreement in connection with the Kiodex / Enron strategic alliance. The
Strategic Alliance Agreement will follow, pending discussions between Raj
Mahajan and Drew regarding the specifics of the marketing obligations. Best
wishes for the holidays, and please contact me with any further questions.
Regards
Raj
<<SPA (Enron) (Kiodex version 12.23.00).DOC>> <<Stockholders Agr (Enron)
(Kiodex version 12.23.00).DOC>>
Raj Vaswani
Vice President & General Counsel
+1 877 6 KIODEX
+1 646 437 3823 direct
+1 646 437 3910 fax
[email protected]
www.kiodex.com
- SPA (Enron) (Kiodex version 12.23.00).DOC
- Stockholders Agr (Enron) (Kiodex version 12.23.00).DOC | 516,344 |
||
zipper-a/kiodex/26. | RE: Kiodex ,
Andy,
I will be sending a updated Co-Marketing Proposal reflecting some of the points discussed last week in a few minutes. This document will be black-lined and include a few open issues I would like you to address. If we need to have a conversation about this document or any other issues let me know and we can schedule some time with Jay Fitzgerald and anyone else you deem appropriate today. I intend to forward this document to Kiodex and to Travis McCullough so we can generate a formal legal Co-Marketing Agreement this week.
In addition, I am meeting with Travis and our Accountants (Mike Patrick) this afternoon at 3:00pm to insure that we get the desired treatment for our investment. Specifically, Louise is expecting us to be able to take approximately $4MM in earnings this quarter. To accomplish this and not have the earnings occur over the next two quarters or longer, we will have to make sure the documents are very specific about what the consideration Enron is providing Kiodex in exchange for the 12.5% equity.
Furthermore, I will be meeting with Travis and V&E tomorrow to discuss the drafts of the equity documents (SPA and Stockholders' Agreement), prepared by Kiodex's lawyers (MoFo). I expect to follow-up this conversation with a conference call with Kiodex and MoFo to discuss our comments on Wednesday at 11:30 CST. I will send you copies of the first drafts of the equity docs today. Please keep in mind these do not reflect any of our comments yet.
Let me know, if you would like to be part of any of these meetings.
Drew
x56075
-----Original Message-----
From: Zipper, Andy
Sent: Monday, February 05, 2001 1:27 PM
To: Drew Ries/HOU/ECT@ENRON
Subject: Kiodex
Where are we at ? What is the progress ? | 516,345 |
||
zipper-a/kiodex/27. | EOL/Kiodex Co-Marketing Agreement ,
To all concerned:
Here is the proposed EOL/Kiodex Co-Marketing agreement updated to reflect Louise Kitchen's, Mark Taylor's, and Jay Webb's comments from today. I have made my best effort to represent the changes we discussed, as well as to add some additional detail and clarification. I know we still need even greater detail in this document. Specifically, I plan add diagrams of process flow as soon as possible.
My goal with this document all along was to use it as a basis for discussion with Kiodex so we could come to final agreement regarding the key commercial and technical issues surrounding the on-going EOL/Kiodex relationship. This document was never intended to be a legal document or all-inclusive. Specifically, I believe many of the legal disclaimers and rights of Enron to review and audit Kiodex's website and product will be significantly fleshed out in definitive agreements which continue to be drafted. Please let me know if you have any questions or comments. Thank you.
Drew
x56075
(713) 569-6131 (cell) | 516,346 |
||
zipper-a/kiodex/28. | Updated EOL/Kiodex Agenda ,
Please take a look at the attached agenda, I believe it represents what we discussed in our meeting today. Please let me know as soon as possible if you have any question, additions, or deletions. Furthermore, I am interested in opinions on the following points:
1) When should the EnronOnline commercial (?) and technical (Bob Hillier ?) contacts be identified and introduced?
2) What is appropriate and not appropriate for Dave Forster to cover in his EOL demo?
3) Who from EOL should/could attend dinner with Kiodex on Thursday night?
Thanks for your help.
Drew
x56075
(713) 569-6131 (cell) | 516,347 |
||
zipper-a/kiodex/29. | Kiodex/EOL Meetings (Feb. 1 - Feb. 2) ,
Andy and Jay,
As I mentioned to you last week, Kiodex is bringing a team to Houston this week to discuss a variety of commercial and technical issues. They are available all day Thursday (2/1) and Friday (2/2). Kiodex is hoping to make significant progress and come to an understanding regarding timing and next steps. Please take a look at the attached agenda and let me know who should be involved in each discussion and when you think those meetings should be scheduled. Thank you.
Drew | 516,348 |
||
zipper-a/kiodex/30. | RE: Kiodex/EOL Co-Marketing Agreement ,
Andy,
I have not received comments from Jay yet. I called him this morning, but we have not connected yet.
Drew
-----Original Message-----
From: Zipper, Andy
Sent: Monday, January 29, 2001 11:02 AM
To: Ries, Drew
Subject: RE: Kiodex/EOL Co-Marketing Agreement
Drew did you recieve Jay Webb's comments regarding what we discussed. If not I can mark up doc and send back. | 516,350 |
||
zipper-a/kiodex/31. | RE: Kiodex/EOL Co-Marketing Agreement ,
Andy and Jay,
I would like to try to finalize this document today. Please let me know if we need to meet to discuss, or if you just have some changes or additions you would like me to include. Furthermore, Kiodex would like to come down this week to have some meetings to discuss various commercial and technical issues. I hope to have a proposed agenda from Kiodex later today, but could you let me know your availability on Thursday and/or Friday, and who else may need to be involved from EOL. Thanks.
Drew
-----Original Message-----
From: Ries, Drew
Sent: Friday, January 26, 2001 11:51 AM
To: Fitzgerald, Jay; Zipper, Andy; Webb, Jay
Subject: Kiodex/EOL Co-Marketing Agreement
Please take a look at the attached document, it is my best effort at a summary of the proposed relationship I believe we are considering. I would be interested in any changes or additions prior to following up with Louise and ultimately Kiodex. Maybe it would make sense to meet to discuss this afternoon, please let me know your availability. Finally, Kiodex would like to send a team down next week (Thursday or Friday) to make introductions and begin a face-to-face dialogue on commercial and technical issues. Please let me know who you think might need to be involved from the EOL side and their availability. Thanks and sorry for the delay in preparing this document.
Drew
x56075
<< File: CoMarketing.doc >> | 516,351 |
||
zipper-a/kiodex/4. | RE: Enron/Kiodex Equity Investment Agreements ,
============================================================================
This message contains information which may be confidential and
privileged.
Unless you are the addressee (or authorized to receive for the
addressee),
you may not use, copy or disclose to anyone the message or any
information
contained in the message. If you have received the message in error,
please
advise the sender by reply e-mail @mofo.com, and delete the message.
Thank you very much.
============================================================================
Attached are markups of the equity documents for Enron/Kiodex Transaction. They have not been reviewed by Kiodex and remains subject to their comments. I will send clean copies for comments as soon as I've had a chance fix the instabilities in the documents.
-----Original Message-----
From: Kaczenski, Stephanie S. [mailto:[email protected]]
Sent: March 12, 2001 7:04 PM
To: McCullough, Travis (Enron); Breeland, Pat; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; Stockbridge, Edward
Cc: Telle, Michael S.
Subject: Enron/Kiodex Equity Investment Agreements
Gentlemen:
Attached hereto please find revised drafts of the Stockholders' Agreement, Amended and Restated Registration Rights Agreement, Common Stock Purchase Agreement and Warrant, both in clean form and blacklined against the drafts of the same documents circulated by Kiodex last week. Please note that the attached version of the Amended and Restated Registration Rights Agreement should be reviewed in lieu of the draft circulated by Travis McCullough earlier today.
We will look forward to discussing your comments on these documents at our conference call scheduled for 1:00 p.m. (CT) on Tuesday.
Should you have any questions in this regard, please do not hesitate to contact the undersigned.
Michael S. Telle
++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You
- COMPARERITEREPORT-NY-333061.DOC
- COMPARERITEREPORT-NY-320663.DOC
- COMPARERITEREPORT-NY-329408.DOC
- COMPARERITEREPORT-NY-333212.DOC | 516,352 |
||
zipper-a/kiodex/5. | Enron/Kiodex Co-Marketing Agreement ,
Travis:
Attached please find the revised draft of the Co-Marketing Agreement dated March 12th. For your convenience, I have also attached two redlines: one showing the changes from our Feb. 22d draft; and the other showing changes from the Kiodex draft dated March 6th. I am not completely confident that the latter redline is fully accurate and shows all of the changes from the Kiodex draft, since we received only a comparite version of that document and we had to remove the changes to prepare this redline.
I am sending these drafts to Kiodex and its counsel at your request to expedite their review. However, please note that since Enron has not completed its review of these revised documents, and therefore may have further changes or comments on the drafts.
If anyone has any questions, please call me.
Ted Stockbridge
Vinson & Elkins L.L.P.
(713) 758-1032
- March 12 CoMarketing Agreement.DOC
- Redline vs Feb 22 draft.rtf
- Redline vs March 6 Kiodex draft.rtf | 516,353 |
||
zipper-a/kiodex/6. | Re: Revised Co-Marketing Agreement ,
I want the termination provision to be included in this doc. Let's put a date of April 13th in the draft we send to Kiodex. I have a call in to learn about their expected close date, and in any case, we will learn from Warburg's where they are tomorrow. I want to keep the heat on both of them to close so we can realize our value for this transaction.
Jay | 516,354 |
||
zipper-a/kiodex/8. | Enron/Kiodex Documentsq ,
Attached are our markups of the Co-marketing and equity documents for the
Enron/Kiodex transaction. The markups have not been reviewed by persons and
Kiodex and remains subject to their comments.
============================================================================
This message contains information which may be confidential and privileged.
Unless you are the addressee (or authorized to receive for the addressee),
you may not use, copy or disclose to anyone the message or any information
contained in the message. If you have received the message in error, please
advise the sender by reply e-mail @mofo.com, and delete the message.
Thank you very much.
============================================================================
- COMPARERITEREPORT-NY-320663.DOC
- COMPARERITEREPORT-NY-333212.DOC
- COMPARERITEREPORT-NY-329408.DOC
- COMPARERITEREPORT-NY-336825.DOC | 516,356 |
||
zipper-a/natsource/1. | Re: Natsource ,
They are not active so far in our markets. This will obviously give them a leg up. The gas desk like the current deal with Prebon, so let's give this one a go too.
Has Simon / Andy Fairley updated you on our deal with Spectron? If not please do so, chaps!
R
From: Andy Zipper/ENRON@enronXgate on 08/05/2001 14:27 CDT
To: Richard Lewis/LON/ECT@ECT
cc:
Subject: Natsource
Richard,
Jack Cogen of Natsource is ready to buy BrokerClient from us for European Gas and Power for a $200,000 1yr license. We would really like to do this deal as they were the launch customer in the states and have done quite a bit of business on the system. Thor is already doing this with them for his products. Unless I hear back from you to the contrary I'm going to assume that this is alright with you. Let me know if there are issues.
Thanks,
Andy Zipper | 516,360 |
||
zipper-a/offline/1. | i2 SourcingMatrix ,
-----Original Message-----
From: [email protected]@ENRON [mailto:[email protected]]
Sent: Friday, February 16, 2001 4:21 PM
To: [email protected]
Cc: [email protected]; [email protected]; [email protected]
Subject: i2 revisions to Shelby Draft Term Sheet
Hi Rex,
Great discussion today.
Attached is the revisions for the Enron/i2 Agreement Term Sheet, and the
Executive Summary of the SourcingMatrix business plan I told Dave Berberian
I would send for further context.
Thanks, have a good week-end. I'm on cell phone on Sunday if
-azw
(See attached file: Sourcing.Matrix.Executive Summary.doc)(See attached
file: offline-i2-agreement.doc)
(See attached file: Sourcing.Matrix.Executive Summary.doc)
(See attached file: offline-i2-agreement.doc)
- Sourcing.Matrix.Executive Summary.doc
- offline-i2-agreement.doc | 516,363 |
||
zipper-a/offline/2. | FW: Enron Net Works (Enron On-Line) and SAP Markets Non-disclosure ,
-----Original Message-----
From: Koehler, Anne [mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=F5D34CBD-14EDCD05-862567F5-4A7C13@ENRON.com]
Sent: Monday, February 19, 2001 2:24 PM
To: Shelby, Rex
Cc: Palmer, Mark S.; Piper, Greg
Subject: RE: Enron Net Works (Enron On-Line) and SAP Markets Non-disclosure Ag reement
Although the Master Service Agreement and the Project Services Agreement with Valtech do not expressly state that Valtech and its employees must keep the nature of their assignments confidential, the agreements do require Valtech to keep all "information, data, documents and materials" provided by Enron in absolute confidence and not to even disclose such information to its own employees except as necessary to perform Valtech's obligations under the agreements. I think this language could be interpreted to cover the nature of the projects undertaken by Valtech, especially if we expressly tell the employees that the work they are performing for us is to be kept confidential and not to be disclosed to any Valtech employees except for those that have a need to know. Call me if you would like to discuss. Thanks.
Anne C. Koehler
Sr. Counsel, ENA
EB 3839
713-853-3448 | 516,364 |
||
zipper-a/origination/1. | Banks update ,
Update on current discussions with banks re: explicit FX product on EnronOnline:
TD Bank: Initial Meeting held. They are "Highly Interested" and wish to proceed with further discussions.
Bank of Nova Scotia: Initial Meeting held: They are also interested in proceeding with further discussions.
CIBC: Initial Meeting held. They are going to come back to us in a couple of weeks.
Royal Bank of Canada: Initial Meetings held. Interested and wish to "accelerate the process"
Goldman Sachs: They are in the process of gathering internal concensus.
JP Morgan/Chase: They are interested in proceeding with further discussions.
Dave | 516,365 |
||
zipper-a/origination/10. | My sales Funnel ,
Also add STASCO to my Oil & refined products list. I have located a good contact at the right level who I have contacted named Steven Murray.
JC | 516,366 |
||
zipper-a/origination/11. | Sales Funnel ,
Andy
Attached is a short list of where I am looking at initially. Keep in mind that this is a working document.
JC | 516,367 |
||
zipper-a/origination/12. | Prospects ,
Don't know if any of you can use this but under the theory that it is better to have too information rather than too little -- Here is list of companies in various industries sorted by SIC code. This may help in generating prospect ideas for the various areas.
Many thanks to Marc Eichmann who put this worksheet together. | 516,368 |
||
zipper-a/origination/13. | FW: Materials for Cargill/Enron teleconference tomorrow ,
Mike:
FYI... here's the deck we reviewed with Cargill a few days ago. As I mentioned, they had a lot of very good questions and expressions of interest during this hour-long call. I believe these folks will be an excellent entree into Cargill's operating groups.
Best regards,
Mike
-----Original Message-----
From: Haney, Mike
Sent: Thursday, May 10, 2001 4:39 PM
To: Anne Pedrero (E-mail)
Cc: Staffel, Jake; Berberian, David
Subject: Materials for Cargill/Enron teleconference tomorrow
Anne:
Thanks for providing us with a dial in number for tomorrow's teleconference. My team and I are looking forward to a productive discussion.
Attached is a brief overview of the offering that we will walk you through tomorrow. Please let me know if you are unable to receive the attachment.
Please forward this presentation to your colleague, Alayne Gyetvai, and others within your organization as appropriate. I will speak to you and Alayne tomorrow afternoon at 4 pm Central time, 2 pm Pacific time.
Best regards,
Mike
----------------------------------------
Mike Haney
Director, eMarketplace Services
Enron Net Works
713-345-8968
[email protected] | 516,369 |
||
zipper-a/origination/14. | NGL Players ,
Here is a better list of the larger players in the NGL Markets. | 516,370 |
||
zipper-a/origination/15. | Prospective Customer List for Oil, Petchem, NGL, and Chemical ,
Gentlemen
Attached is a fairly comprehensive list of companies in various sectors of the petroleum complex. It is by no means comprehensive and I am sure there are several players that have been left out inadvertently. I broke it down as follows:
Oil & Refined Products
Trading & Marketing Companies (Physical & Financial)
Financial Traders (Generally Financial only)
North American Refiners
Foreign Refiners w/ US Marketing Cos.
Asian Trading Houses
Convenience Store Operators (For rack marketing idea)
Crude Oil Producers (main business, not really into trading)
Oil Products Pipelines
Petchem, Chemical, and NGL
Gas Liquids Companies
Chemical & Petrochemical Companies
Industrial Gas Companies
Product List
List of products with perceived commodity products bolded
It is a bit difficult to put some companies into one bucket or another due to the cross over, but I tried. I also should receive much better information tomorrow on the NGL companies that is more granular. The list is intended to be a beginning and my intent was to begin eliminating companies to focus in on who are the dominant players in the major products in the various parts of the country. Some players such as Global and Northville, for example are dominant in the Northeast, but not as much elsewhere. Methanex, for example is the dominant Methanol producer/trader. Enterprise is a big importer/storage owner in Mt. Belvieu so should be a good company to approach for the NGLs. Once we refine the list a bit more, we will have a basis on who are the most likely candidates.
Let me know what you think, be forgiving of errors, and be mindful that this is a working document. Before we start researching specific companies, let's whittle this list down considerably.
JC | 516,371 |
||
zipper-a/origination/2. | Additional Prospects ,
Andy,
Attached is my first go round of Prospects. I am trying to add to it each day. I would like to especially update you on American Express/ Sabre Corp opportunity. The meeting has been set for this coming Wednesday in Dallas. It will be my second meeting with each party.
ja
John Allario
Enron Net Works L.L.C.
713-853-4587 (o)
713-562-8684 (c)
[email protected] | 516,372 |
||
zipper-a/origination/3. | Mike Haney Prospects ,
Hello all...
Attached is my list of prospects, including a rough prioritization. Jake and I continue to analyze the financial institutions sector, so we may have some revisions to this list.
Best regards,
Mike | 516,373 |
||
zipper-a/origination/4. | GM - Very Promising Beginning ,
Team
I think this is good news. We can cover this with Derrick on our conference call this morning.
-John
-----Original Message-----
From: South, Chad
Sent: Thursday, May 31, 2001 8:48 AM
To: Allario, John
Subject: FW: Risk Management on Fuels
Alan requested I forward this to you. I will be giving Derrick a call shortly.
-----Original Message-----
From: [email protected]@ENRON [mailto:[email protected]]
Sent: Thursday, May 31, 2001 7:59 AM
To: South, Chad
Subject: Risk Management on Fuels
Chad:
I'm interested in putting together a risk management program for GM Logistics.
Would you be the appropriate contact? Thanks
Derrick StaRosa
phone: 1-810-575-2221, fax: 1-810-575-1780
Senior Buyer
Mail Code: 480-206-124, 30009 Van Dyke, Warren, MI 48090-9025 | 516,374 |
||
zipper-a/origination/5. | John Cummings Target Companies ,
This is my current list. Keep in mind that this is a working list and there are a number of other companies on my master list. I tried toprioritize the list. | 516,375 |
||
zipper-a/origination/6. | EnronOnline Reliability ,
Our Reliability Rating for Q1 2001 (calculated as total up time against total minutes during Q1 2001) is 99.986%
This does not include scheduled downtime - only unscheduled downtime.
Dave | 516,376 |
||
zipper-a/origination/7. | FW: Origination Priorities ,
bcc: Andy
-----Original Message-----
From: Forster, David
Sent: Thursday, May 31, 2001 8:00 AM
To: Bridges, Michael; Cummings, John; Haney, Mike
Subject: FW: Origination Priorities
Could you guys please copy me on your lists as well?
Also, it would be helpful for the lists to show companies in order of priority - i.e. whom do you plan to be contacting first.
Thanks,
Dave
-----Original Message-----
From: Shults, Bob
Sent: Wednesday, May 30, 2001 6:14 PM
To: Zipper, Andy
Cc: Diamond, Daniel; Carter, Carl; Forster, David; Bridges, Michael; Cummings, John
Subject: Origination Priorities
Per your request we have outlined our priority origination companies:
Pipelines: We have compiled a comprehensive list of pipelines and begun to develop a prioritization strategy. Our original focus will be targeted at the most active capacity release and parking & loaning pipelines. In addition we are targeting certain regional pipelines and low liquidity pipes looking for a boost to their transportation volumes. (We have included some pipelines in the list that have already been approached by D. Forster that we still consider good prospects; Dave will continue to work on these pipelines)
ANR (Forster talked to parent El Paso but not ANR directly)
CGT (Forster)
Columbia Gas Transmission
Dominion Transmission
Gulf South Pipeline (needs liquidity)
HPL (regional) - medium
Iroquois (regional) - medium
Kern River (Forster talked to Transco/Williams)
Lone Star (regional)
National Fuel (regional)
Northwest PL (Forster talked to Transco/Williams)
Oasis
Oneok Transmission and Storage
Panhandle Easter (Forster)
Questar
Reliant - Arkla (needs liquidity)
Sabine Pipeline
SONAT (Forster talked to parent El Paso but ANR directly)
Trunkline (Forster)
Tennessee (Forster talked to parent El Paso but ANR directly)
Transco (Forster)
Vector (regional)
Valero
Viking (regional)
Gas Storage: We have obtained a database of North American storage fields and are continuing define our priorities in the storage sector. We should have this list in a couple of days.
Coal: A cursory review of the coal space and have identified a few opportunities. We have listed below a few targets for the coal sector. We will continue to look for additional opportunities in coal. We have met with the coal group and they are open to allowing competing prices on EnronOnline.
Rail Cars: Burlington Northern, CSX, Union Pacific, Canadian National, Northfolk Southern
Pittsburgh Seam coal product - Allegany Energy Global Markets
International Coal - Billiton Marketing Ag - equity owner of Global Coal
Petcoke product
Gas and Power: Under review.
Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
[email protected] | 516,377 |
||
zipper-a/origination/8. | RE: Origination Priorities ,
Bob,
As a first cut at the Storage facilities, you might want to list the companies which Paul recommended, adding according to size of facility as necessary to round out the list. You can always re-prioritize the list as you make calls and/or get more information.
I note the pipelines list is in alphabetical order. What does the order look like if you prioritize using the strategy you identified?
Will you guys be maintaining some kind of spreadsheet or other to track progress with each company?
How soon do you anticipate contacting the top 5 on each list?
Dave
-----Original Message-----
From: Shults, Bob
Sent: Wednesday, May 30, 2001 6:14 PM
To: Zipper, Andy
Cc: Diamond, Daniel; Carter, Carl; Forster, David; Bridges, Michael; Cummings, John
Subject: Origination Priorities
Per your request we have outlined our priority origination companies:
Pipelines: We have compiled a comprehensive list of pipelines and begun to develop a prioritization strategy. Our original focus will be targeted at the most active capacity release and parking & loaning pipelines. In addition we are targeting certain regional pipelines and low liquidity pipes looking for a boost to their transportation volumes. (We have included some pipelines in the list that have already been approached by D. Forster that we still consider good prospects; Dave will continue to work on these pipelines)
ANR (Forster talked to parent El Paso but not ANR directly)
CGT (Forster)
Columbia Gas Transmission
Dominion Transmission
Gulf South Pipeline (needs liquidity)
HPL (regional) - medium
Iroquois (regional) - medium
Kern River (Forster talked to Transco/Williams)
Lone Star (regional)
National Fuel (regional)
Northwest PL (Forster talked to Transco/Williams)
Oasis
Oneok Transmission and Storage
Panhandle Easter (Forster)
Questar
Reliant - Arkla (needs liquidity)
Sabine Pipeline
SONAT (Forster talked to parent El Paso but ANR directly)
Trunkline (Forster)
Tennessee (Forster talked to parent El Paso but ANR directly)
Transco (Forster)
Vector (regional)
Valero
Viking (regional)
Gas Storage: We have obtained a database of North American storage fields and are continuing define our priorities in the storage sector. We should have this list in a couple of days.
Coal: A cursory review of the coal space and have identified a few opportunities. We have listed below a few targets for the coal sector. We will continue to look for additional opportunities in coal. We have met with the coal group and they are open to allowing competing prices on EnronOnline.
Rail Cars: Burlington Northern, CSX, Union Pacific, Canadian National, Northfolk Southern
Pittsburgh Seam coal product - Allegany Energy Global Markets
International Coal - Billiton Marketing Ag - equity owner of Global Coal
Petcoke product
Gas and Power: Under review.
Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
[email protected] | 516,378 |
||
zipper-a/origination/9. | Origination Priorities ,
Per your request we have outlined our priority origination companies:
Pipelines: We have compiled a comprehensive list of pipelines and begun to develop a prioritization strategy. Our original focus will be targeted at the most active capacity release and parking & loaning pipelines. In addition we are targeting certain regional pipelines and low liquidity pipes looking for a boost to their transportation volumes. (We have included some pipelines in the list that have already been approached by D. Forster that we still consider good prospects; Dave will continue to work on these pipelines)
ANR (Forster talked to parent El Paso but not ANR directly)
CGT (Forster)
Columbia Gas Transmission
Dominion Transmission
Gulf South Pipeline (needs liquidity)
HPL (regional) - medium
Iroquois (regional) - medium
Kern River (Forster talked to Transco/Williams)
Lone Star (regional)
National Fuel (regional)
Northwest PL (Forster talked to Transco/Williams)
Oasis
Oneok Transmission and Storage
Panhandle Easter (Forster)
Questar
Reliant - Arkla (needs liquidity)
Sabine Pipeline
SONAT (Forster talked to parent El Paso but ANR directly)
Trunkline (Forster)
Tennessee (Forster talked to parent El Paso but ANR directly)
Transco (Forster)
Vector (regional)
Valero
Viking (regional)
Gas Storage: We have obtained a database of North American storage fields and are continuing define our priorities in the storage sector. We should have this list in a couple of days.
Coal: A cursory review of the coal space and have identified a few opportunities. We have listed below a few targets for the coal sector. We will continue to look for additional opportunities in coal. We have met with the coal group and they are open to allowing competing prices on EnronOnline.
Rail Cars: Burlington Northern, CSX, Union Pacific, Canadian National, Northfolk Southern
Pittsburgh Seam coal product - Allegany Energy Global Markets
International Coal - Billiton Marketing Ag - equity owner of Global Coal
Petcoke product
Gas and Power: Under review.
Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
[email protected] | 516,379 |
||
zipper-a/reuters/1. | Reuters ,
Andy asked me to send you the missed launch dates for your conversation with Devin Wenig.
1st Launch Date Missed: April 30th
2nd Launch Date to be missed: May 14th
3rd proposed launch date: June 4th
Ultimately, I would like them to hit the May 14th target, however, if that is not possible, a May start date would be highly desired.
Also, please thank him for his assistance with Europe. We are seeing a new responsiveness, however, an additional resource needs to be identified.
Thank you,
Mike Bridges | 516,380 |
||
zipper-a/sent_items/10. | RE: Var simulation ,
This looks good. what were the system vols and when can you get me the rest ? | 516,382 |
||
zipper-a/sent_items/100. | RE: ,
We will only be able to get Kiodex the customers EOL trades as per the agreement. If the customer so desire they can ask us to send their non-EOl trades to Kiodex for processing, but that is outside the Kiodex/ENW agreement. | 516,383 |
||
zipper-a/sent_items/101. | RE: FERC update ,
same plan | 516,384 |
||
zipper-a/sent_items/102. | RE: June 12 ,
cool go for it. | 516,385 |
||
zipper-a/sent_items/103. | RE: EnronOnline Reliability ,
close enough for 5 9's, no ? | 516,386 |
||
zipper-a/sent_items/104. | RE: Ms. Kitchen's office / High quality co-sourcing of customer ,
no interest. | 516,387 |
||
zipper-a/sent_items/105. | RE: My sales Funnel ,
I know Steve Murray quite well. | 516,388 |
||
zipper-a/sent_items/106. | RE: Mike Haney Prospects ,
Add Barrick Gold to your list. They like Enron, and Bruce Garner has had extensive discussions with them. | 516,389 |
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