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166779213780bb131a94a7815a361eee45fab3c4 | arnold-j/notes_inbox/36. | arnold-j | notes_inbox | 36. | <17334447.1075857585446.JavaMail.evans@thyme> | Thu, 16 Nov 2000 09:30:00 -0800 | 2000-11-16T09:30:00-08:00 | Status | msagel@home.com | msagel@home.com | [
"jarnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | John:
?
I'm not really sure what happened between us.? I was under the impression
after my visit to Houston that we were about to enter into a trial agreement
for my advisory work.? Somehow,?this never occurred.? Did I say or do
something wrong to screw this up???
?
I don't know if you've blown this whole thing off, but I still hope you are
interested in trying?to create an arrangement.? As a courtesy, here is my
report from this past weekend.? If you are no longer interested in my work,
please tell me so.??Best wishes,
?
Mark Sagel
Psytech Analytics
(410)308-0245?
- energy2000-1112.doc | Message-ID: <17334447.1075857585446.JavaMail.evans@thyme>
Date: Thu, 16 Nov 2000 09:30:00 -0800 (PST)
From: msagel@home.com
To: jarnold@enron.com
Subject: Status
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: "Mark Sagel" <msagel@home.com>
X-To: "John Arnold" <jarnold@enron.com>
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
John:
?
I'm not really sure what happened between us.? I was under the impression
after my visit to Houston that we were about to enter into a trial agreement
for my advisory work.? Somehow,?this never occurred.? Did I say or do
something wrong to screw this up???
?
I don't know if you've blown this whole thing off, but I still hope you are
interested in trying?to create an arrangement.? As a courtesy, here is my
report from this past weekend.? If you are no longer interested in my work,
please tell me so.??Best wishes,
?
Mark Sagel
Psytech Analytics
(410)308-0245?
- energy2000-1112.doc | |
7da10a0b9b81fd6ceead235ff8b7f82dbee54333 | arnold-j/notes_inbox/19. | arnold-j | notes_inbox | 19. | <19171686.1075857585034.JavaMail.evans@thyme> | Fri, 08 Dec 2000 05:05:00 -0800 | 2000-12-08T05:05:00-08:00 | re:summer inverses | slafontaine@globalp.com | slafontaine@globalp.com | [
"john.arnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | i suck-hope youve made more money in natgas last 3 weeks than i have. mkt shud
be getting bearish feb forward-cuz we already have the weather upon us-fuel
switching and the rest shud invert the whole curve not just dec cash to jan
and
feb forward???? have a good weekend john
| Message-ID: <19171686.1075857585034.JavaMail.evans@thyme>
Date: Fri, 8 Dec 2000 05:05:00 -0800 (PST)
From: slafontaine@globalp.com
To: john.arnold@enron.com
Subject: re:summer inverses
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: slafontaine@globalp.com
X-To: John.Arnold@enron.com
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
i suck-hope youve made more money in natgas last 3 weeks than i have. mkt shud
be getting bearish feb forward-cuz we already have the weather upon us-fuel
switching and the rest shud invert the whole curve not just dec cash to jan
and
feb forward???? have a good weekend john
| |
d596c03a05cf550211f62c544dbdc11ff5711ddf | arnold-j/notes_inbox/50. | arnold-j | notes_inbox | 50. | <29887033.1075857630725.JavaMail.evans@thyme> | Tue, 15 May 2001 09:43:00 -0700 | 2001-05-15T09:43:00-07:00 | The WTI Bullet swap contracts | iceoperations@intcx.com | iceoperations@intcx.com | [
"icehelpdesk@intcx.com",
"internalmarketing@intcx.com"
] | [] | [] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | Hi,
Following the e-mail you have received yesterday concerning
the new WTI bullet swap contracts, we would like to summarize what we have
done on the ICE system yesterday evening:
-Deleted WTI monthly time spreads
-Deleted WTI/Brent monthly diff spreads (spread with
legging)
-Deleted 1% NYH Harbor Fuel Oil Crack monthly (spread with
legging)
-Added WTI/Brent monthly diff spreads (spread with NO
legging)
-Added 1% NYH Harbor Fuel Oil Crack monthly (spread with NO
legging)
Unfortunately the WTI/Brent and the 1% NYH Fuel Oil Crack contracts
(with the legging functionality) have been removed from your portfolios. You
will need to add the first four nearby months' contracts to your
portfolios by going to Admin / Manage Portfolios / Edit your portfolio....
Please do not hesitate to contact us is you have any question:
Helpdesk on +1 770 738 2101 (US)
Stephanie Trabia: +44 207 484 5546 (UK)
Regards,
Stephanie Trabia
Marketing Manager
IntercontinentalExchange
Tel +44 207 484 5546
Fax +44 207 484 5100
Mob +44 77 33 261 268
stephanie.trabia@intcx.com | Message-ID: <29887033.1075857630725.JavaMail.evans@thyme>
Date: Tue, 15 May 2001 09:43:00 -0700 (PDT)
From: iceoperations@intcx.com
To: icehelpdesk@intcx.com, internalmarketing@intcx.com
Subject: The WTI Bullet swap contracts
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: ICE Operations <ICEOperations@intcx.com>
X-To: **ICEHELPDESK <**ICEHELPDESK@intcx.com>, **Internal Marketing <**InternalMarketing@intcx.com>
X-cc:
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Hi,
Following the e-mail you have received yesterday concerning
the new WTI bullet swap contracts, we would like to summarize what we have
done on the ICE system yesterday evening:
-Deleted WTI monthly time spreads
-Deleted WTI/Brent monthly diff spreads (spread with
legging)
-Deleted 1% NYH Harbor Fuel Oil Crack monthly (spread with
legging)
-Added WTI/Brent monthly diff spreads (spread with NO
legging)
-Added 1% NYH Harbor Fuel Oil Crack monthly (spread with NO
legging)
Unfortunately the WTI/Brent and the 1% NYH Fuel Oil Crack contracts
(with the legging functionality) have been removed from your portfolios. You
will need to add the first four nearby months' contracts to your
portfolios by going to Admin / Manage Portfolios / Edit your portfolio....
Please do not hesitate to contact us is you have any question:
Helpdesk on +1 770 738 2101 (US)
Stephanie Trabia: +44 207 484 5546 (UK)
Regards,
Stephanie Trabia
Marketing Manager
IntercontinentalExchange
Tel +44 207 484 5546
Fax +44 207 484 5100
Mob +44 77 33 261 268
stephanie.trabia@intcx.com | |
0a0615539ad290e764bcddb787da981e7164a395 | arnold-j/notes_inbox/3. | arnold-j | notes_inbox | 3. | <29084893.1075849630138.JavaMail.evans@thyme> | Mon, 27 Nov 2000 01:49:00 -0800 | 2000-11-27T01:49:00-08:00 | Invitation: EBS/GSS Meeting w/Bristol Babcock (Nov 30 02:00 PM CST in 3AC, 11th Fl) | jeff.youngflesh@enron.com | jeff.youngflesh@enron.com | [
"anthony.gilmore@enron.com",
"colleen.koenig@enron.com",
"jennifer.stewart@enron.com",
"sarah-joy.hunter@enron.com"
] | [] | [] | \John_Arnold_Nov2001\Notes Folders\Notes inbox | ARNOLD-J | Conference Room TBD.
This meeting will be to discuss opportunity for EBS to provide the network
for BBI's well-site reporting systems to send their data across. Maybe
VBN/IPNetConnect application? | Message-ID: <29084893.1075849630138.JavaMail.evans@thyme>
Date: Mon, 27 Nov 2000 01:49:00 -0800 (PST)
From: jeff.youngflesh@enron.com
To: anthony.gilmore@enron.com, colleen.koenig@enron.com,
jennifer.stewart@enron.com, sarah-joy.hunter@enron.com
Subject: Invitation: EBS/GSS Meeting w/Bristol Babcock (Nov 30 02:00 PM CST
in 3AC, 11th Fl)
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Jeff Youngflesh
X-To: Anthony Gilmore, Colleen Koenig, Jennifer Stewart, Sarah-Joy Hunter
X-cc:
X-bcc:
X-Folder: \John_Arnold_Nov2001\Notes Folders\Notes inbox
X-Origin: ARNOLD-J
X-FileName: jarnold.nsf
Conference Room TBD.
This meeting will be to discuss opportunity for EBS to provide the network
for BBI's well-site reporting systems to send their data across. Maybe
VBN/IPNetConnect application? | |
204b53e1ce34af985f0b0f5f0a3ba610ab3f897e | arnold-j/notes_inbox/9. | arnold-j | notes_inbox | 9. | <30248874.1075857584813.JavaMail.evans@thyme> | Tue, 12 Dec 2000 09:33:00 -0800 | 2000-12-12T09:33:00-08:00 | Harvard Mgmt | caroline.abramo@enron.com | caroline.abramo@enron.com | [
"mike.grigsby@enron.com"
] | [
"john.arnold@enron.com"
] | [
"john.arnold@enron.com"
] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | Mike- I have their trader coming into the office tomorrow- they are a macro
fund (they manage Harvard's endowment fund) that trades commodities- mostly
crude and metals. I want to get them into some gas and power trades.
Specifically, I want to get them into the short Rockies trade for the summer
that we have Tudor in.
Johnny recommended I have you speak to them- can you give me a few minutes
during the day to talk to them about the west in general.
I have him in all day- we are sitting with Mike Roberts to do the weather
update from 6 am-7:30 - would be great if we could get you between 7:30 and
8:30 am. If not, let me know when is good- Ina will know where I am
Rgds,
Caroline
cell 917-324 1999 | Message-ID: <30248874.1075857584813.JavaMail.evans@thyme>
Date: Tue, 12 Dec 2000 09:33:00 -0800 (PST)
From: caroline.abramo@enron.com
To: mike.grigsby@enron.com
Subject: Harvard Mgmt
Cc: john.arnold@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: john.arnold@enron.com
X-From: Caroline Abramo
X-To: Mike Grigsby
X-cc: John Arnold
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Mike- I have their trader coming into the office tomorrow- they are a macro
fund (they manage Harvard's endowment fund) that trades commodities- mostly
crude and metals. I want to get them into some gas and power trades.
Specifically, I want to get them into the short Rockies trade for the summer
that we have Tudor in.
Johnny recommended I have you speak to them- can you give me a few minutes
during the day to talk to them about the west in general.
I have him in all day- we are sitting with Mike Roberts to do the weather
update from 6 am-7:30 - would be great if we could get you between 7:30 and
8:30 am. If not, let me know when is good- Ina will know where I am
Rgds,
Caroline
cell 917-324 1999 | |
b7e07637505bdc992387489ea1ba7ceb57cec1a2 | arnold-j/notes_inbox/13. | arnold-j | notes_inbox | 13. | <2526360.1075857584903.JavaMail.evans@thyme> | Mon, 11 Dec 2000 23:52:00 -0800 | 2000-12-11T23:52:00-08:00 | Fwd: NYTimes.com Article: Suspended Rabbi Quits Seminary Presidency | klarnold@flash.net | klarnold@flash.net | [
"john.arnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | >Sender: articles-email@ms1.lga2.nytimes.com
>Reply-To: judgergm@swbell.com
>From: judgergm@swbell.com
>To: klarnold@flash.net
>Subject: NYTimes.com Article: Suspended Rabbi Quits Seminary Presidency
>Date: Tue, 12 Dec 2000 00:02:21 -0500 (EST)
>
>This article from NYTimes.com
>has been sent to you by Bob Moss judgergm@swbell.com.
>
>Karen
>
>
>
>Bob Moss
>judgergm@swbell.com
>
>/-------------------- advertisement -----------------------\
>
>
>LOOKING FOR A TRULY HIGH-SPEED INTERNET EXPERIENCE?Then visit Alcatel.com
>and see what makes us theeworld's leading supplier of DSL
>solutions..Alcatel, world leader in DSL
>solutions..http://www.nytimes.com/ads/email/alcatel/index.html
>
>\----------------------------------------------------------/
>
>Suspended Rabbi Quits Seminary Presidency
>http://www.nytimes.com/2000/12/07/national/07RABB.html
>
>December 7, 2000
>
>By GUSTAV NIEBUHR
>
>Rabbi Sheldon Zimmerman, a leading figure in Judaism's Reform
>movement as president of its seminary, has resigned from his job
>after being suspended by the movement's rabbinic organization for
>having entered into "personal relationships" in the past that the
>organization said violated its ethical code.
>
> Rabbi Zimmerman, president of Hebrew Union College-Jewish
>Institute of Learning, where he had been considered a charismatic
>and innovative leader, quit that post on Monday, after the Central
>Conference of American Rabbis suspended his rabbinical functions
>for at least two years, college and conference officials said.
>
> In a statement, the college said the suspension followed an
>investigation by the conference into "personal relationships" of
>Rabbi Zimmerman, which it did not specify other than to say that
>they predated his appointment as president in January 1996. Rabbi
>Zimmerman was the seventh president of the college, which was
>founded in 1875.
>
> Rabbi Paul J. Menitoff, the conference's executive vice president,
>said its board approved the penalty on Monday, based on a
>recommendation by its ethics committee, which looks into complaints
>about the conference's 1,700 members.
>
> Rabbi Menitoff said that conference rules prevented him from
>discussing the case but that the board decided Rabbi Zimmerman had
>violated a part of the ethics code, paragraph 2A, which deals with
>sexual conduct.
>
> It is included in the section of the code on "personal
>responsibility," which covers such matters as family life, personal
>honesty and finances. It calls on rabbis "to be scrupulous in
>avoiding even the appearance of sexual misconduct, whether by
>taking advantage of our position with those weaker than ourselves
>or dependent on us or succumbing to the temptations of willing
>adults."
>
> Hebrew Union, which trains men and women as rabbis and cantors and
>in other graduate and professional fields, has 1,500 students on
>campuses in Cincinnati, Los Angeles, New York and Jerusalem. Before
>becoming president, Rabbi Zimmerman, 58, was senior rabbi of Temple
>Emanu-El in Dallas from 1985 to 1995, and senior rabbi at Central
>Synagogue in New York, from 1972 to 1985. He is married and has
>four children. From 1993 to 1995, he was also the conference's
>president.
>
> Rabbi Zimmerman's resignation was first reported yesterday in The
>Cincinnati Enquirer and The Dallas Morning News.
>
> Efforts to reach him through the college and its officials were
>unsuccessful. The college said it appointed its provost, Norman
>Cohen, as acting president and would search for a permanent
>replacement.
>
> Rabbi Menitoff said the conference followed "the same process that
>we'd follow with any rabbi in the conference in similar
>circumstances." He said complaints against a rabbi are referred to
>and investigated by the ethics committee. Depending on that
>committee's findings, the conference may dismiss the complaint,
>privately reprimand or publicly censure a rabbi or suspendn or
>expel a rabbi.
>
> Rabbi Menitoff said the decision to suspend Rabbi Zimmerman was
>"very difficult and painful for everyone involved."
>
> Rabbi Eric H. Yoffie, president of the Union of American Hebrew
>Congregations, the Reform movement's synagogue organization, said
>Rabbi Zimmerman did not contest the findings or the judgment
>against him but responded to the decision "with great dignity."
>
> Rabbi Yoffie said that during his tenure as president, Rabbi
>Zimmerman added younger scholars to the faculty and expanded the
>college's Los Angeles branch so much that it will begin ordaining
>rabbis in 2002.
>
> Another member of the conference, Rabbi A. James Rudin, emeritus
>director of interreligious affairs at the American Jewish
>Committee, said Rabbi Zimmerman's resignation was "a real loss" and
>"a shock to the movement."
>
> Hebrew Union's chairman, Burton Lehman, praised Rabbi Zimmerman as
>"a great, great leader." Mr. Lehman said that Rabbi Zimmerman's
>resignation would "have an impact" but that the college was strong.
>
> "Transitionally, we'll be fine," Mr. Lehman said. "We have a
>strong faculty that will carry this institution through this
>tribulation."
>
>
>
>
>The New York Times on the Web
>http://www.nytimes.com
>
>/-----------------------------------------------------------------\
>
>
>Visit NYTimes.com for complete access to the
>most authoritative news coverage on the Web,
>updated throughout the day.
>
>Become a member today! It's free!
>
>http://www.nytimes.com?eta
>
>
>\-----------------------------------------------------------------/
>
>HOW TO ADVERTISE
>---------------------------------
>For information on advertising in e-mail newsletters
>or other creative advertising opportunities with The
>New York Times on the Web, please contact Alyson
>Racer at alyson@nytimes.com or visit our online media
>kit at http://www.nytimes.com/adinfo
>
>For general information about NYTimes.com, write to
>help@nytimes.com.
>
>Copyright 2000 The New York Times Company | Message-ID: <2526360.1075857584903.JavaMail.evans@thyme>
Date: Mon, 11 Dec 2000 23:52:00 -0800 (PST)
From: klarnold@flash.net
To: john.arnold@enron.com
Subject: Fwd: NYTimes.com Article: Suspended Rabbi Quits Seminary Presidency
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Karen Arnold <klarnold@flash.net>
X-To: john.arnold@enron.com
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
>Sender: articles-email@ms1.lga2.nytimes.com
>Reply-To: judgergm@swbell.com
>From: judgergm@swbell.com
>To: klarnold@flash.net
>Subject: NYTimes.com Article: Suspended Rabbi Quits Seminary Presidency
>Date: Tue, 12 Dec 2000 00:02:21 -0500 (EST)
>
>This article from NYTimes.com
>has been sent to you by Bob Moss judgergm@swbell.com.
>
>Karen
>
>
>
>Bob Moss
>judgergm@swbell.com
>
>/-------------------- advertisement -----------------------\
>
>
>LOOKING FOR A TRULY HIGH-SPEED INTERNET EXPERIENCE?Then visit Alcatel.com
>and see what makes us theeworld's leading supplier of DSL
>solutions..Alcatel, world leader in DSL
>solutions..http://www.nytimes.com/ads/email/alcatel/index.html
>
>\----------------------------------------------------------/
>
>Suspended Rabbi Quits Seminary Presidency
>http://www.nytimes.com/2000/12/07/national/07RABB.html
>
>December 7, 2000
>
>By GUSTAV NIEBUHR
>
>Rabbi Sheldon Zimmerman, a leading figure in Judaism's Reform
>movement as president of its seminary, has resigned from his job
>after being suspended by the movement's rabbinic organization for
>having entered into "personal relationships" in the past that the
>organization said violated its ethical code.
>
> Rabbi Zimmerman, president of Hebrew Union College-Jewish
>Institute of Learning, where he had been considered a charismatic
>and innovative leader, quit that post on Monday, after the Central
>Conference of American Rabbis suspended his rabbinical functions
>for at least two years, college and conference officials said.
>
> In a statement, the college said the suspension followed an
>investigation by the conference into "personal relationships" of
>Rabbi Zimmerman, which it did not specify other than to say that
>they predated his appointment as president in January 1996. Rabbi
>Zimmerman was the seventh president of the college, which was
>founded in 1875.
>
> Rabbi Paul J. Menitoff, the conference's executive vice president,
>said its board approved the penalty on Monday, based on a
>recommendation by its ethics committee, which looks into complaints
>about the conference's 1,700 members.
>
> Rabbi Menitoff said that conference rules prevented him from
>discussing the case but that the board decided Rabbi Zimmerman had
>violated a part of the ethics code, paragraph 2A, which deals with
>sexual conduct.
>
> It is included in the section of the code on "personal
>responsibility," which covers such matters as family life, personal
>honesty and finances. It calls on rabbis "to be scrupulous in
>avoiding even the appearance of sexual misconduct, whether by
>taking advantage of our position with those weaker than ourselves
>or dependent on us or succumbing to the temptations of willing
>adults."
>
> Hebrew Union, which trains men and women as rabbis and cantors and
>in other graduate and professional fields, has 1,500 students on
>campuses in Cincinnati, Los Angeles, New York and Jerusalem. Before
>becoming president, Rabbi Zimmerman, 58, was senior rabbi of Temple
>Emanu-El in Dallas from 1985 to 1995, and senior rabbi at Central
>Synagogue in New York, from 1972 to 1985. He is married and has
>four children. From 1993 to 1995, he was also the conference's
>president.
>
> Rabbi Zimmerman's resignation was first reported yesterday in The
>Cincinnati Enquirer and The Dallas Morning News.
>
> Efforts to reach him through the college and its officials were
>unsuccessful. The college said it appointed its provost, Norman
>Cohen, as acting president and would search for a permanent
>replacement.
>
> Rabbi Menitoff said the conference followed "the same process that
>we'd follow with any rabbi in the conference in similar
>circumstances." He said complaints against a rabbi are referred to
>and investigated by the ethics committee. Depending on that
>committee's findings, the conference may dismiss the complaint,
>privately reprimand or publicly censure a rabbi or suspendn or
>expel a rabbi.
>
> Rabbi Menitoff said the decision to suspend Rabbi Zimmerman was
>"very difficult and painful for everyone involved."
>
> Rabbi Eric H. Yoffie, president of the Union of American Hebrew
>Congregations, the Reform movement's synagogue organization, said
>Rabbi Zimmerman did not contest the findings or the judgment
>against him but responded to the decision "with great dignity."
>
> Rabbi Yoffie said that during his tenure as president, Rabbi
>Zimmerman added younger scholars to the faculty and expanded the
>college's Los Angeles branch so much that it will begin ordaining
>rabbis in 2002.
>
> Another member of the conference, Rabbi A. James Rudin, emeritus
>director of interreligious affairs at the American Jewish
>Committee, said Rabbi Zimmerman's resignation was "a real loss" and
>"a shock to the movement."
>
> Hebrew Union's chairman, Burton Lehman, praised Rabbi Zimmerman as
>"a great, great leader." Mr. Lehman said that Rabbi Zimmerman's
>resignation would "have an impact" but that the college was strong.
>
> "Transitionally, we'll be fine," Mr. Lehman said. "We have a
>strong faculty that will carry this institution through this
>tribulation."
>
>
>
>
>The New York Times on the Web
>http://www.nytimes.com
>
>/-----------------------------------------------------------------\
>
>
>Visit NYTimes.com for complete access to the
>most authoritative news coverage on the Web,
>updated throughout the day.
>
>Become a member today! It's free!
>
>http://www.nytimes.com?eta
>
>
>\-----------------------------------------------------------------/
>
>HOW TO ADVERTISE
>---------------------------------
>For information on advertising in e-mail newsletters
>or other creative advertising opportunities with The
>New York Times on the Web, please contact Alyson
>Racer at alyson@nytimes.com or visit our online media
>kit at http://www.nytimes.com/adinfo
>
>For general information about NYTimes.com, write to
>help@nytimes.com.
>
>Copyright 2000 The New York Times Company | |
0acfb5f1b02cf1031cec2142de885302d66dec27 | arnold-j/notes_inbox/75. | arnold-j | notes_inbox | 75. | <13106809.1075857631374.JavaMail.evans@thyme> | Fri, 11 May 2001 08:56:00 -0700 | 2001-05-11T08:56:00-07:00 | 4-URGENT - OWA Please print this now. | outlook.team@enron.com | outlook.team@enron.com | [
"aimee.shek@enron.com",
"albino.lopez@enron.com",
"andrea.williams@enron.com",
"anitha.mathis@enron.com",
"antonette.concepcion@enron.com",
"bernard.rhoden@enron.com",
"deborah.kallus@enron.com",
"diane.taylor@enron.com",
"gardenia.sullivan@enron.com",
"ginger.sinclair@enron.com",
"janice.priddy... | [] | [] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | Current Notes User:
REASONS FOR USING OUTLOOK WEB ACCESS (OWA)
1. Once your mailbox has been migrated from Notes to Outlook, the Outlook
client will be configured on your computer.
After migration of your mailbox, you will not be able to send or recieve mail
via Notes, and you will not be able to start using Outlook until it is
configured by the Outlook Migration team the morning after your mailbox is
migrated. During this period, you can use Outlook Web Access (OWA) via your
web browser (Internet Explorer 5.0) to read and send mail.
PLEASE NOTE: Your calendar entries, personal address book, journals, and
To-Do entries imported from Notes will not be available until the Outlook
client is configured on your desktop.
2. Remote access to your mailbox.
After your Outlook client is configured, you can use Outlook Web Access (OWA)
for remote access to your mailbox.
PLEASE NOTE: At this time, the OWA client is only accessible while
connecting to the Enron network (LAN). There are future plans to make OWA
available from your home or when traveling abroad.
HOW TO ACCESS OUTLOOK WEB ACCESS (OWA)
Launch Internet Explorer 5.0, and in the address window type:
http://nahou-msowa01p/exchange/john.doe
Substitute "john.doe" with your first and last name, then click ENTER. You
will be prompted with a sign in box as shown below. Type in "corp/your user
id" for the user name and your NT password to logon to OWA and click OK. You
will now be able to view your mailbox.
PLEASE NOTE: There are some subtle differences in the functionality between
the Outlook and OWA clients. You will not be able to do many of the things
in OWA that you can do in Outlook. Below is a brief list of *some* of the
functions NOT available via OWA:
Features NOT available using OWA:
- Tasks
- Journal
- Spell Checker
- Offline Use
- Printing Templates
- Reminders
- Timed Delivery
- Expiration
- Outlook Rules
- Voting, Message Flags and Message Recall
- Sharing Contacts with others
- Task Delegation
- Direct Resource Booking
- Personal Distribution Lists
QUESTIONS OR CONCERNS?
If you have questions or concerns using the OWA client, please contact the
Outlook 2000 question and answer Mailbox at:
Outlook.2000@enron.com
Otherwise, you may contact the Resolution Center at:
713-853-1411
Thank you,
Outlook 2000 Migration Team | Message-ID: <13106809.1075857631374.JavaMail.evans@thyme>
Date: Fri, 11 May 2001 08:56:00 -0700 (PDT)
From: outlook.team@enron.com
To: aimee.shek@enron.com, albino.lopez@enron.com, andrea.williams@enron.com,
anitha.mathis@enron.com, antonette.concepcion@enron.com,
bernard.rhoden@enron.com, deborah.kallus@enron.com,
diane.taylor@enron.com, gardenia.sullivan@enron.com,
ginger.sinclair@enron.com, janice.priddy@enron.com,
jeanne.seward@enron.com, lloyd.whiteurst@enron.com,
monique.criswell@enron.com, monique.mcfarland@enron.com,
pauline.sanchez@enron.com, rena.lo@enron.com, shawn.simon@enron.com,
valley.confer@enron.com, cynthia.barrow@enron.com,
deborah.guillory@enron.com, dinah.sultanik@enron.com,
georgia.fogo@enron.com, ginger.mccain@enron.com,
iris.jimenez@enron.com, jennifer.mendez@enron.com,
john.cevilla@enron.com, joshua.wooten@enron.com,
karla.dobbs@enron.com, kayla.ruiz@enron.com, lee.wright@enron.com,
maria.mitchell@enron.com, mikie.rath@enron.com,
robin.hosea@enron.com, sandy.huseman@enron.com,
sheri.jordan@enron.com, tashia.hayes@enron.com,
donna.greif@enron.com, eric.gonzales@enron.com,
jared.kaiser@enron.com, jonathan.whitehead@enron.com,
omar.aboudaher@enron.com, paul.omasits@enron.com,
shahnaz.lakho@enron.com, troy.denetsosie@enron.com,
william.giuliani@enron.com, zionette.vincent@enron.com,
adrial.boals@enron.com, albert.escamilla@enron.com,
amber.ebow@enron.com, avril.forster@enron.com,
bernice.rodriguez@enron.com, bill.hare@enron.com,
brian.heinrich@enron.com, cheryl.johnson@enron.com,
christopher.hargett@enron.com, dejoun.windless@enron.com,
donna.consemiu@enron.com, donna.everett@enron.com,
gloria.roberson@enron.com, james.scribner@enron.com,
jason.moore@enron.com, jean.killough@enron.com, jeff.klotz@enron.com,
jenny.helton@enron.com, john.harrison@enron.com,
julissa.marron@enron.com, karen.lambert@enron.com,
kathryn.pallant@enron.com, kelly.lombardi@enron.com,
kevin.richardson@enron.com, lisa.woods@enron.com,
marilyn.colbert@enron.com, michelle.laurant@enron.com,
remi.otegbola@enron.com, ruby.kyser@enron.com,
samuel.schott@enron.com, stacie.guidry@enron.com,
steve.venturatos@enron.com, suzanne.nicholie@enron.com,
tammie.huthmacher@enron.com, willie.harrell@enron.com,
alexandra.villarreal@enron.com, daniel.quezada@enron.com,
dutch.quigley@enron.com, ina.rangel@enron.com, jason.panos@enron.com,
jesus.hernandez@enron.com, john.arnold@enron.com,
john.griffith@enron.com, kimberly.hardy@enron.com,
larry.may@enron.com, mike.maggi@enron.com, steve.dailey@enron.com
Subject: 4-URGENT - OWA Please print this now.
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Outlook Migration Team
X-To: Aimee Shek, Albino Lopez, Andrea Williams, Anitha Mathis, Antonette Concepcion, Bernard Rhoden, Deborah Kallus, Diane Taylor, Gardenia Sullivan, Ginger Sinclair, Janice Priddy, Jeanne Seward, Lloyd Whiteurst, Monique Criswell, Monique McFarland, Pauline Sanchez, Rena Lo, Shawn Simon, Valley Confer, Cynthia Barrow, Deborah Guillory, Dinah Sultanik, Georgia Fogo, Ginger McCain, Iris Jimenez, Jennifer Mendez, John Cevilla, Joshua Wooten, Karla Dobbs, Kayla Ruiz, Lee Wright, Maria Mitchell, Mikie Rath, Robin Hosea, Sandy Huseman, Sheri Jordan, Tashia Hayes, Donna Greif, Eric Gonzales, Jared Kaiser, Jonathan Whitehead, Omar Aboudaher, Paul Omasits, Shahnaz Lakho, Troy Denetsosie, William Giuliani, Zionette Vincent, Adrial Boals, Albert Escamilla, Amber Ebow, Avril Forster, Bernice Rodriguez, Bill D Hare, Brian Heinrich, Cheryl Johnson, Christopher Hargett, Dejoun Windless, Donna Consemiu, Donna Everett, Gloria Roberson, James Scribner, Jason Moore, Jean Killough, Jeff Klotz, Jenny Helton, John Howard Harrison, Julissa Marron, Karen Lambert, Kathryn Pallant, Kelly Lombardi, Kevin Richardson, Lisa Woods, Marilyn Colbert, Michelle Laurant, Remi Otegbola, Ruby Kyser, Samuel Schott, Stacie Guidry, Steve Venturatos, Suzanne Nicholie, Tammie Huthmacher, Willie Harrell, Alexandra Villarreal, Daniel Quezada, Dutch Quigley, Ina Rangel, Jason Panos, Jesus A Hernandez, John Arnold, John Griffith, Kimberly Hardy, Larry May, Mike Maggi, Steve Dailey
X-cc:
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Current Notes User:
REASONS FOR USING OUTLOOK WEB ACCESS (OWA)
1. Once your mailbox has been migrated from Notes to Outlook, the Outlook
client will be configured on your computer.
After migration of your mailbox, you will not be able to send or recieve mail
via Notes, and you will not be able to start using Outlook until it is
configured by the Outlook Migration team the morning after your mailbox is
migrated. During this period, you can use Outlook Web Access (OWA) via your
web browser (Internet Explorer 5.0) to read and send mail.
PLEASE NOTE: Your calendar entries, personal address book, journals, and
To-Do entries imported from Notes will not be available until the Outlook
client is configured on your desktop.
2. Remote access to your mailbox.
After your Outlook client is configured, you can use Outlook Web Access (OWA)
for remote access to your mailbox.
PLEASE NOTE: At this time, the OWA client is only accessible while
connecting to the Enron network (LAN). There are future plans to make OWA
available from your home or when traveling abroad.
HOW TO ACCESS OUTLOOK WEB ACCESS (OWA)
Launch Internet Explorer 5.0, and in the address window type:
http://nahou-msowa01p/exchange/john.doe
Substitute "john.doe" with your first and last name, then click ENTER. You
will be prompted with a sign in box as shown below. Type in "corp/your user
id" for the user name and your NT password to logon to OWA and click OK. You
will now be able to view your mailbox.
PLEASE NOTE: There are some subtle differences in the functionality between
the Outlook and OWA clients. You will not be able to do many of the things
in OWA that you can do in Outlook. Below is a brief list of *some* of the
functions NOT available via OWA:
Features NOT available using OWA:
- Tasks
- Journal
- Spell Checker
- Offline Use
- Printing Templates
- Reminders
- Timed Delivery
- Expiration
- Outlook Rules
- Voting, Message Flags and Message Recall
- Sharing Contacts with others
- Task Delegation
- Direct Resource Booking
- Personal Distribution Lists
QUESTIONS OR CONCERNS?
If you have questions or concerns using the OWA client, please contact the
Outlook 2000 question and answer Mailbox at:
Outlook.2000@enron.com
Otherwise, you may contact the Resolution Center at:
713-853-1411
Thank you,
Outlook 2000 Migration Team | |
217ef870a87741ab7c19342547c32c0cc219989e | arnold-j/notes_inbox/35. | arnold-j | notes_inbox | 35. | <30840283.1075857585424.JavaMail.evans@thyme> | Sun, 19 Nov 2000 09:34:00 -0800 | 2000-11-19T09:34:00-08:00 | Fuel Switching | jennifer.fraser@enron.com | jennifer.fraser@enron.com | [
"alex.mcleish@enron.com",
"sarah.mulholland@enron.com",
"chris.mahoney@enron.com",
"david.botchlett@enron.com",
"john.arnold@enron.com",
"chris.gaskill@enron.com",
"julie.gomez@enron.com",
"elizabeth.shim@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | The attached report contains an analysis of fuel switching capability. It
also details one of the current problems with EIA data. The EIA data
contains FERC form I data. Once generation is sold its fuel consumption is no
longer reported to the DOE. Hence an analysis of the DOE cost and quality of
generation fuels is incomplete becasue of the lack of NUG data. WEFA gets
around this by using 1998 FERC FORM I data. After 1998, there were
significant sales of generation due to the ongoing legislation and
deregulation at the state level.
- NGM11_00.pdf | Message-ID: <30840283.1075857585424.JavaMail.evans@thyme>
Date: Sun, 19 Nov 2000 09:34:00 -0800 (PST)
From: jennifer.fraser@enron.com
To: alex.mcleish@enron.com, sarah.mulholland@enron.com, chris.mahoney@enron.com,
david.botchlett@enron.com, john.arnold@enron.com,
chris.gaskill@enron.com, julie.gomez@enron.com,
elizabeth.shim@enron.com
Subject: Fuel Switching
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Jennifer Fraser
X-To: Alex Mcleish, Sarah Mulholland, Chris Mahoney, David J Botchlett, John Arnold, Chris Gaskill, Julie A Gomez, Elizabeth Shim
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
The attached report contains an analysis of fuel switching capability. It
also details one of the current problems with EIA data. The EIA data
contains FERC form I data. Once generation is sold its fuel consumption is no
longer reported to the DOE. Hence an analysis of the DOE cost and quality of
generation fuels is incomplete becasue of the lack of NUG data. WEFA gets
around this by using 1998 FERC FORM I data. After 1998, there were
significant sales of generation due to the ongoing legislation and
deregulation at the state level.
- NGM11_00.pdf | |
f22f97562ba9d6d4d1df38dc3a99cdc596bb3c3c | arnold-j/notes_inbox/53. | arnold-j | notes_inbox | 53. | <4755072.1075857630791.JavaMail.evans@thyme> | Tue, 15 May 2001 03:28:00 -0700 | 2001-05-15T03:28:00-07:00 | Guggenheim Event | caroline.abramo@enron.com | caroline.abramo@enron.com | [
"john.arnold@enron.com",
"mike.maggi@enron.com"
] | [
"per.sekse@enron.com",
"russell.dyk@enron.com",
"robyn.zivic@enron.com"
] | [
"per.sekse@enron.com",
"russell.dyk@enron.com",
"robyn.zivic@enron.com"
] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | John/Mike- Hi.. this is the list of people attending on thursday night.. the
event starts at 9 pm so we are likely to take our guests to dinner before
(around 6:30-7)- will send details today.
Friday- so far, we have you seeing:
SAC Cap- coming to office after close Friday
Catequil- we will pop over Friday
Global Advisors- Danny Masters stopping by
1) Per and Jean Sekse (Enron)
2) Russ Dyk and Caroline Abramo (Enron)
3) Jason Mraz and guest (Tudor Investments)
4) Andrew Suckling and guest (Tudor Investments)
5) Danny Masters and guest (Global Advisors UK)
6) Steve Schmitz and guest (SAC Capital)
7) Brian Copp and guest (SAC Capital)
8) Andreas Hommert and guest (Catequil Asset Management)
9) Rob Ellis and guest (Catequil Asset Management)
10) Jason Hotra and guest (Harvard Management Company, Inc.)
In addition, I'd like to get tickets for the additional parties below:
1) Jennifer Fraser and guest (Enron)
2) Robyn and George Zivic (Enron)
3) Paul Touradji and guest (Catequil Asset Management)
4) William Callanan and guest (Duquesne Capital Management) - please advise
on whether I can have this many tickets
| Message-ID: <4755072.1075857630791.JavaMail.evans@thyme>
Date: Tue, 15 May 2001 03:28:00 -0700 (PDT)
From: caroline.abramo@enron.com
To: john.arnold@enron.com, mike.maggi@enron.com
Subject: Guggenheim Event
Cc: per.sekse@enron.com, russell.dyk@enron.com, robyn.zivic@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: per.sekse@enron.com, russell.dyk@enron.com, robyn.zivic@enron.com
X-From: Caroline Abramo
X-To: John Arnold, Mike Maggi
X-cc: Per Sekse, Russell Dyk, Robyn Zivic
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
John/Mike- Hi.. this is the list of people attending on thursday night.. the
event starts at 9 pm so we are likely to take our guests to dinner before
(around 6:30-7)- will send details today.
Friday- so far, we have you seeing:
SAC Cap- coming to office after close Friday
Catequil- we will pop over Friday
Global Advisors- Danny Masters stopping by
1) Per and Jean Sekse (Enron)
2) Russ Dyk and Caroline Abramo (Enron)
3) Jason Mraz and guest (Tudor Investments)
4) Andrew Suckling and guest (Tudor Investments)
5) Danny Masters and guest (Global Advisors UK)
6) Steve Schmitz and guest (SAC Capital)
7) Brian Copp and guest (SAC Capital)
8) Andreas Hommert and guest (Catequil Asset Management)
9) Rob Ellis and guest (Catequil Asset Management)
10) Jason Hotra and guest (Harvard Management Company, Inc.)
In addition, I'd like to get tickets for the additional parties below:
1) Jennifer Fraser and guest (Enron)
2) Robyn and George Zivic (Enron)
3) Paul Touradji and guest (Catequil Asset Management)
4) William Callanan and guest (Duquesne Capital Management) - please advise
on whether I can have this many tickets
| |
fd8abd2fba2e423bc2ffa70ab364c3322afb0385 | arnold-j/notes_inbox/59. | arnold-j | notes_inbox | 59. | <30102065.1075857630952.JavaMail.evans@thyme> | Mon, 14 May 2001 23:59:00 -0700 | 2001-05-14T23:59:00-07:00 | daily charts and matrices as hot links 5/15 | soblander@carrfut.com | soblander@carrfut.com | [
"soblander@carrfut.com"
] | [] | [] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete. Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein. Any
opinions expressed herein are solely those of the author. As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates. , 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Distillate and unleaded charts to follow.
Crude http://www.carrfut.com/research/Energy1/crude42.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas42.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG42.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG42.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL42.pdf
Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606 USA
Tel: 312-368-6149
Fax: 312-368-2281
soblander@carrfut.com
http://www.carrfut.com | Message-ID: <30102065.1075857630952.JavaMail.evans@thyme>
Date: Mon, 14 May 2001 23:59:00 -0700 (PDT)
From: soblander@carrfut.com
To: soblander@carrfut.com
Subject: daily charts and matrices as hot links 5/15
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: SOblander@carrfut.com
X-To: soblander@carrfut.com
X-cc:
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete. Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein. Any
opinions expressed herein are solely those of the author. As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates. , 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Distillate and unleaded charts to follow.
Crude http://www.carrfut.com/research/Energy1/crude42.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas42.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG42.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG42.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL42.pdf
Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606 USA
Tel: 312-368-6149
Fax: 312-368-2281
soblander@carrfut.com
http://www.carrfut.com | |
3fc5d273d24c0eba1b9c1a4ee4511899e118ca41 | arnold-j/notes_inbox/10. | arnold-j | notes_inbox | 10. | <9627373.1075857584835.JavaMail.evans@thyme> | Tue, 12 Dec 2000 08:41:00 -0800 | 2000-12-12T08:41:00-08:00 | ICE physical volumes | andy.zipper@enron.com | andy.zipper@enron.com | [
"john.arnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | FYI on 12/11/00 Intercontinental traded 3.3BCF of physical gas. | Message-ID: <9627373.1075857584835.JavaMail.evans@thyme>
Date: Tue, 12 Dec 2000 08:41:00 -0800 (PST)
From: andy.zipper@enron.com
To: john.arnold@enron.com
Subject: ICE physical volumes
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Andy Zipper
X-To: John Arnold
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
FYI on 12/11/00 Intercontinental traded 3.3BCF of physical gas. | |
f10d8dce002976c6310a9695ce77f4c96303c86d | arnold-j/notes_inbox/76. | arnold-j | notes_inbox | 76. | <1304703.1075857631406.JavaMail.evans@thyme> | Fri, 11 May 2001 08:56:00 -0700 | 2001-05-11T08:56:00-07:00 | 3 - URGENT - TO PREVENT LOSS OF INFORMATION | outlook.team@enron.com | outlook.team@enron.com | [
"aimee.shek@enron.com",
"albino.lopez@enron.com",
"andrea.williams@enron.com",
"anitha.mathis@enron.com",
"antonette.concepcion@enron.com",
"bernard.rhoden@enron.com",
"deborah.kallus@enron.com",
"diane.taylor@enron.com",
"gardenia.sullivan@enron.com",
"ginger.sinclair@enron.com",
"janice.priddy... | [] | [] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | Critical Migration Information:
1. Your scheduled Outlook Migration Date is THE EVENING OF : May 15th
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed the evening of your migration date.
Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
migration and could result in up to a 2 week delay to restore this
information.
If you encounter any errors please contact the resolution center @
713-853-1411 | Message-ID: <1304703.1075857631406.JavaMail.evans@thyme>
Date: Fri, 11 May 2001 08:56:00 -0700 (PDT)
From: outlook.team@enron.com
To: aimee.shek@enron.com, albino.lopez@enron.com, andrea.williams@enron.com,
anitha.mathis@enron.com, antonette.concepcion@enron.com,
bernard.rhoden@enron.com, deborah.kallus@enron.com,
diane.taylor@enron.com, gardenia.sullivan@enron.com,
ginger.sinclair@enron.com, janice.priddy@enron.com,
jeanne.seward@enron.com, lloyd.whiteurst@enron.com,
monique.criswell@enron.com, monique.mcfarland@enron.com,
pauline.sanchez@enron.com, rena.lo@enron.com, shawn.simon@enron.com,
valley.confer@enron.com, cynthia.barrow@enron.com,
deborah.guillory@enron.com, dinah.sultanik@enron.com,
georgia.fogo@enron.com, ginger.mccain@enron.com,
iris.jimenez@enron.com, jennifer.mendez@enron.com,
john.cevilla@enron.com, joshua.wooten@enron.com,
karla.dobbs@enron.com, kayla.ruiz@enron.com, lee.wright@enron.com,
maria.mitchell@enron.com, mikie.rath@enron.com,
robin.hosea@enron.com, sandy.huseman@enron.com,
sheri.jordan@enron.com, tashia.hayes@enron.com,
donna.greif@enron.com, eric.gonzales@enron.com,
jared.kaiser@enron.com, jonathan.whitehead@enron.com,
omar.aboudaher@enron.com, paul.omasits@enron.com,
shahnaz.lakho@enron.com, troy.denetsosie@enron.com,
william.giuliani@enron.com, zionette.vincent@enron.com,
adrial.boals@enron.com, albert.escamilla@enron.com,
amber.ebow@enron.com, avril.forster@enron.com,
bernice.rodriguez@enron.com, bill.hare@enron.com,
brian.heinrich@enron.com, cheryl.johnson@enron.com,
christopher.hargett@enron.com, dejoun.windless@enron.com,
donna.consemiu@enron.com, donna.everett@enron.com,
gloria.roberson@enron.com, james.scribner@enron.com,
jason.moore@enron.com, jean.killough@enron.com, jeff.klotz@enron.com,
jenny.helton@enron.com, john.harrison@enron.com,
julissa.marron@enron.com, karen.lambert@enron.com,
kathryn.pallant@enron.com, kelly.lombardi@enron.com,
kevin.richardson@enron.com, lisa.woods@enron.com,
marilyn.colbert@enron.com, michelle.laurant@enron.com,
remi.otegbola@enron.com, ruby.kyser@enron.com,
samuel.schott@enron.com, stacie.guidry@enron.com,
steve.venturatos@enron.com, suzanne.nicholie@enron.com,
tammie.huthmacher@enron.com, willie.harrell@enron.com,
alexandra.villarreal@enron.com, daniel.quezada@enron.com,
dutch.quigley@enron.com, ina.rangel@enron.com, jason.panos@enron.com,
jesus.hernandez@enron.com, john.arnold@enron.com,
john.griffith@enron.com, kimberly.hardy@enron.com,
larry.may@enron.com, mike.maggi@enron.com, steve.dailey@enron.com
Subject: 3 - URGENT - TO PREVENT LOSS OF INFORMATION
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Outlook Migration Team
X-To: Aimee Shek, Albino Lopez, Andrea Williams, Anitha Mathis, Antonette Concepcion, Bernard Rhoden, Deborah Kallus, Diane Taylor, Gardenia Sullivan, Ginger Sinclair, Janice Priddy, Jeanne Seward, Lloyd Whiteurst, Monique Criswell, Monique McFarland, Pauline Sanchez, Rena Lo, Shawn Simon, Valley Confer, Cynthia Barrow, Deborah Guillory, Dinah Sultanik, Georgia Fogo, Ginger McCain, Iris Jimenez, Jennifer Mendez, John Cevilla, Joshua Wooten, Karla Dobbs, Kayla Ruiz, Lee Wright, Maria Mitchell, Mikie Rath, Robin Hosea, Sandy Huseman, Sheri Jordan, Tashia Hayes, Donna Greif, Eric Gonzales, Jared Kaiser, Jonathan Whitehead, Omar Aboudaher, Paul Omasits, Shahnaz Lakho, Troy Denetsosie, William Giuliani, Zionette Vincent, Adrial Boals, Albert Escamilla, Amber Ebow, Avril Forster, Bernice Rodriguez, Bill D Hare, Brian Heinrich, Cheryl Johnson, Christopher Hargett, Dejoun Windless, Donna Consemiu, Donna Everett, Gloria Roberson, James Scribner, Jason Moore, Jean Killough, Jeff Klotz, Jenny Helton, John Howard Harrison, Julissa Marron, Karen Lambert, Kathryn Pallant, Kelly Lombardi, Kevin Richardson, Lisa Woods, Marilyn Colbert, Michelle Laurant, Remi Otegbola, Ruby Kyser, Samuel Schott, Stacie Guidry, Steve Venturatos, Suzanne Nicholie, Tammie Huthmacher, Willie Harrell, Alexandra Villarreal, Daniel Quezada, Dutch Quigley, Ina Rangel, Jason Panos, Jesus A Hernandez, John Arnold, John Griffith, Kimberly Hardy, Larry May, Mike Maggi, Steve Dailey
X-cc:
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Critical Migration Information:
1. Your scheduled Outlook Migration Date is THE EVENING OF : May 15th
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed the evening of your migration date.
Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
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b6df6ac9a5e3cb60b153cb903f82d69e27a0ecac | arnold-j/notes_inbox/84. | arnold-j | notes_inbox | 84. | <9808086.1075857631594.JavaMail.evans@thyme> | Thu, 26 Apr 2001 07:28:00 -0700 | 2001-04-26T07:28:00-07:00 | Outsourcing Deals | jean.mrha@enron.com | jean.mrha@enron.com | [
"john.arnold@enron.com"
] | [
"john.lavorato@enron.com",
"john.grass@enron.com",
"frank.vickers@enron.com"
] | [
"john.lavorato@enron.com",
"john.grass@enron.com",
"frank.vickers@enron.com"
] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | Arnold,
John Grass and myself would be happy to update you on the status of Enron's
Producer One deals. In addition to the three deals listed below, we have a
substantial "pipeline" of transactions that are being evaluated and are in
different stages. Besides John Grass, our distribution channels for producer
ecommerce deals are driven by Producer Services (Gary Bryan, Jill Zivley,
Linda Roberts and Jennifer Martinez), Nelson Ferries, Production Offshore as
well as ECR. Enron has just recently completed a nine city road show
targeting the producer community.
John Grass is also managing the Wellhead desk.
Regards, Mrha
-----Original Message-----
From: Grass, John
Sent: Thursday, April 26, 2001 12:58 PM
To: Mrha, Jean
Subject: RE:
We are close to closing the following deals.
Ocean Energy - 400,000 MMBtu/d, Duke has the supply until October 2001
Peoples Energy Production - 30,000 MMBtu/d, Highland has the supply for 60 to
90 days after close.
Andex - 30,000 MMBtu/d, ENA upstream will get the supply 60 to 90 days after
close.
-----Original Message-----
From: Mrha, Jean
Sent: Thursday, April 26, 2001 9:38 AM
To: Grass, John
Subject: FW:
We should talk about this.
-----Original Message-----
From: Lavorato, John
Sent: Wednesday, April 25, 2001 5:49 PM
To: Mrha, Jean; Tycholiz, Barry; Vickers, Frank; Luce, Laura
Cc: Arnold, John
Subject:
John Aronld was curious about the outsourcing deals we were pursuing. Could
you please update him on the deals we are getting close on.
John | Message-ID: <9808086.1075857631594.JavaMail.evans@thyme>
Date: Thu, 26 Apr 2001 07:28:00 -0700 (PDT)
From: jean.mrha@enron.com
To: john.arnold@enron.com
Subject: Outsourcing Deals
Cc: john.lavorato@enron.com, john.grass@enron.com, frank.vickers@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: john.lavorato@enron.com, john.grass@enron.com, frank.vickers@enron.com
X-From: Jean Mrha
X-To: John Arnold
X-cc: John J Lavorato, John Grass, Frank W Vickers
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Arnold,
John Grass and myself would be happy to update you on the status of Enron's
Producer One deals. In addition to the three deals listed below, we have a
substantial "pipeline" of transactions that are being evaluated and are in
different stages. Besides John Grass, our distribution channels for producer
ecommerce deals are driven by Producer Services (Gary Bryan, Jill Zivley,
Linda Roberts and Jennifer Martinez), Nelson Ferries, Production Offshore as
well as ECR. Enron has just recently completed a nine city road show
targeting the producer community.
John Grass is also managing the Wellhead desk.
Regards, Mrha
-----Original Message-----
From: Grass, John
Sent: Thursday, April 26, 2001 12:58 PM
To: Mrha, Jean
Subject: RE:
We are close to closing the following deals.
Ocean Energy - 400,000 MMBtu/d, Duke has the supply until October 2001
Peoples Energy Production - 30,000 MMBtu/d, Highland has the supply for 60 to
90 days after close.
Andex - 30,000 MMBtu/d, ENA upstream will get the supply 60 to 90 days after
close.
-----Original Message-----
From: Mrha, Jean
Sent: Thursday, April 26, 2001 9:38 AM
To: Grass, John
Subject: FW:
We should talk about this.
-----Original Message-----
From: Lavorato, John
Sent: Wednesday, April 25, 2001 5:49 PM
To: Mrha, Jean; Tycholiz, Barry; Vickers, Frank; Luce, Laura
Cc: Arnold, John
Subject:
John Aronld was curious about the outsourcing deals we were pursuing. Could
you please update him on the deals we are getting close on.
John | |
85ac7fb78c67d6908f798d3fb40c9bacbcf58c79 | arnold-j/notes_inbox/42. | arnold-j | notes_inbox | 42. | <12452384.1075857585618.JavaMail.evans@thyme> | Fri, 10 Nov 2000 05:57:00 -0800 | 2000-11-10T05:57:00-08:00 | RE: Resume | alan_batt@oxy.com | alan_batt@oxy.com | [
"john.arnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | John,
Thanks for the email and the offer to route my resume in the most
expeditious way. I saw only one job that was posted on Enron's website that
looked like a good fit. It was an asset evaluation and integration job for
Enron North America: job # 0000105886.
My primary strengths are:
Natural gas asset acquisition and management
Supporting a trading organization by providing excellent futures and
derivatives execution
Trading proprietary books (fixed price or otherwise)where there is a
competitive reason to be in the market, i.e. transportation spreads,
storage, physical presence
Good customer relations/account development
Ability to focus on and analyze a wide range of problems/opportunities
Stong negotiator
I know that Enron is a big, happening place and it is invaluble to have
someone like you to help me sort out the opportunities. Where I am coming
from is that I have to more valuble to Enron than I am to Oxy because Oxy is
doing frustratingly little to leverage itself and Enron is setting every
trend imaginable in leveraging itself.
I appreciate any help you can provide.
Thanks.
Alan
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Wednesday, November 08, 2000 5:15 PM
To: Alan_Batt@oxy.com
Subject: Re: Resume
Alan:
I received your email. I'll make sure it goes through the proper channels.
It may help if you give specific positions that interest you most as Enron
is such a big place, it will help focus the resume to the right people.
John | Message-ID: <12452384.1075857585618.JavaMail.evans@thyme>
Date: Fri, 10 Nov 2000 05:57:00 -0800 (PST)
From: alan_batt@oxy.com
To: john.arnold@enron.com
Subject: RE: Resume
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: <Alan_Batt@oxy.com>
X-To: John.Arnold@enron.com
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
John,
Thanks for the email and the offer to route my resume in the most
expeditious way. I saw only one job that was posted on Enron's website that
looked like a good fit. It was an asset evaluation and integration job for
Enron North America: job # 0000105886.
My primary strengths are:
Natural gas asset acquisition and management
Supporting a trading organization by providing excellent futures and
derivatives execution
Trading proprietary books (fixed price or otherwise)where there is a
competitive reason to be in the market, i.e. transportation spreads,
storage, physical presence
Good customer relations/account development
Ability to focus on and analyze a wide range of problems/opportunities
Stong negotiator
I know that Enron is a big, happening place and it is invaluble to have
someone like you to help me sort out the opportunities. Where I am coming
from is that I have to more valuble to Enron than I am to Oxy because Oxy is
doing frustratingly little to leverage itself and Enron is setting every
trend imaginable in leveraging itself.
I appreciate any help you can provide.
Thanks.
Alan
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Wednesday, November 08, 2000 5:15 PM
To: Alan_Batt@oxy.com
Subject: Re: Resume
Alan:
I received your email. I'll make sure it goes through the proper channels.
It may help if you give specific positions that interest you most as Enron
is such a big place, it will help focus the resume to the right people.
John | |
6df15cdc4344f230d20c2ba05e161717acdad206 | arnold-j/notes_inbox/24. | arnold-j | notes_inbox | 24. | <26155.1075857585147.JavaMail.evans@thyme> | Wed, 06 Dec 2000 09:39:00 -0800 | 2000-12-06T09:39:00-08:00 | amy.gambill@enron.com | amy.gambill@enron.com | [
"john.arnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | Hey, I meant to check in with you and see how your dinner went at La Columbe
d'Or. I have to admit, I was jealous....
Matt fell through as the Christmas party date...so Noel is going (so nice to
have friends who don't mind filling in as last minute dates!). Maybe we'll
see you guys there.
Had fun hanging out with you at/after the meeting on Friday. I think that's
the most I've ever talked to you in one sitting!! We'll have to do it again
soon....
Take care!
Amy | Message-ID: <26155.1075857585147.JavaMail.evans@thyme>
Date: Wed, 6 Dec 2000 09:39:00 -0800 (PST)
From: amy.gambill@enron.com
To: john.arnold@enron.com
Subject:
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Amy Gambill
X-To: John Arnold
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Hey, I meant to check in with you and see how your dinner went at La Columbe
d'Or. I have to admit, I was jealous....
Matt fell through as the Christmas party date...so Noel is going (so nice to
have friends who don't mind filling in as last minute dates!). Maybe we'll
see you guys there.
Had fun hanging out with you at/after the meeting on Friday. I think that's
the most I've ever talked to you in one sitting!! We'll have to do it again
soon....
Take care!
Amy | ||
860dadd4aef290753c80cf4c33cb1bd3a5ebdd17 | arnold-j/notes_inbox/67. | arnold-j | notes_inbox | 67. | <33104587.1075857631156.JavaMail.evans@thyme> | Mon, 14 May 2001 01:30:00 -0700 | 2001-05-14T01:30:00-07:00 | Enron Mentions - 05/12/01 - 05/13/01 | ann.schmidt@enron.com | ann.schmidt@enron.com | [] | [] | [] | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | As Final Exams Begin, Power Is a Big Question
The New York Times, 05/13/01
British Telecom
The Times of London, 05/12/01
Houston needs to think small about future technology
Houston Chronicle, 05/13/01
Panel plots new course for area's future / Education, economics, quality of
life top group's list of needed improvements
Houston Chronicle, 05/13/01
MSEB not to pick up 15 pc in DPC after phase II completion
Press Trust of India Limited, 05/13/01
Enron plans to pull out of Gulf gas project: MEED
Agence France-Presse, 05/13/01
SMALL BUSINESS / Pleasure cruisin' / Yacht fleet owner offers customers what
amounts to limo service on the lake
Houston Chronicle, 05/13/01
More power to reform agenda
The Economic Times, 05/13/01
India Power Min: New Power Deal With Enron Unit Possible
Dow Jones International News, 05/12/01
India: Talks begin on Dabhol issue
Business Line (The Hindu), 05/12/01
India to allow 3rd party sale if DPC, MSEB jointly approach
Press Trust of India Limited, 05/12/01
DEFAZIO CALLS FOR STATE TO BUY PGE TO PROTECT RATES
Portland Oregonian, 05/12/01
Congressman suggests state buy PGE
Associated Press Newswires, 05/11/01
National Desk; Section 1
As Final Exams Begin, Power Is a Big Question
By JODI WILGOREN
05/13/2001
The New York Times
Page 16, Column 4
c. 2001 New York Times Company
For final exams, prepared students pack extra pens, calculators, bottled
water, granola bars. And, at the University of California's Berkeley campus
this year, a flashlight.
As state officials and utilities struggle to maintain the power supply during
California's continuing energy shortage, administrators and professors at the
31,000-student campus are planning for the possibility that rolling blackouts
may disrupt exams, which began on Friday and run through next Saturday.
''People here are used to interruptions,'' Sara Abbas, 21, a senior
communications major, said with a shrug as she studied in a cafe near campus.
''People walking in, people running around buck naked and whatnot. People
have cut the power lines. They just reschedule.''
In an e-mail message sent Wednesday, the executive vice chancellor, Paul R.
Gray, advised instructors to use ''individual discretion to decide the
disposition of their examinations once the exam has started.'' Among the
options: delay the test until the lights return; postpone it until a
Saturday; grade the incomplete test; or cancel the exam altogether.
Professors are also encouraged to check a Web site to see if their exam rooms
have windows. ''In some classrooms,'' Mr. Gray noted, ''students may have
sufficient natural light.''
The rolling blackouts could hit most of the campuses of the University of
California and California State University. The two systems are embroiled in
a legal dispute with Enron Energy Services, a Houston-based company that, in
February, cut short a four-year contract to provide electricity directly to
the universities. For now, the two systems -- among the largest energy
consumers in the state -- are being supplied by Pacific Gas and Electric and
Southern California Edison.
Though several medical centers and the Davis, Los Angeles and Riverside
campuses of the University of California system are exempt from the
blackouts, the rest of the campuses have been put on alert.
At Berkeley, the warning from Mr. Gray only heightened pre-exam stress
levels.
''Stopping in the middle of a final would be detrimental to my grade because
I save the hardest questions until the end,'' said Heidi West, 20, a
sophomore majoring in political science.
Aaron Chung, a senior studying cognitive science, said it would be unfair to
grade half-finished exams because he often circled answers instinctively,
planning to return later with more care. ''The only thing I don't have a
problem with is if the professors give everyone A's,'' Mr. Chung, 23, said.
''You have to be under a lot of duress for that to happen.''
Gary L. Firestone, a biology professor, said he would move his 500-member
class out into the sunshine and tell students to spread their blue books on
the grass. But Jeff Good, a graduate student who teaches Introduction to
Syntax and Semantics, said he would probably cancel the exam because the
final counts for only 20 percent of the grade.
That is what Michelle Chen, a junior linguistics major in Mr. Good's class,
is hoping for.
''I would love a blackout,'' Ms. Chen said. ''I'm going to turn on my
air-conditioner. My toaster, too.''
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Business
British Telecom
Patience Wheatcroft
05/12/2001
The Times of London
News International
Final 4
55
(Copyright Times Newspapers Ltd, 2001)
BRITISH TELECOM has inflicted enough damage on itself in the past year. But
others are still lining up to put the boot in. Hours after the company
announced a Pounds 5.9 billion rights issue and the separation of cash-hungry
BT Wireless, Moody's Investors Service lowered BT's credit rating. This
thumbs-down will cost BT an extra Pounds 35 million a year on existing loans
as well as making future working capital more expensive.
The timing is odd. One of the two other main agencies presented with the same
BT proposals maintained its rating and the other edged it down so little that
change-of-rating clauses were not triggered. In the meantime, the market
prices of BT debt have been rising. The Enron Cost of Credit, which measures
the overall risk premium on BT borrowing, has halved since mid February. Such
costly inconsistencies must focus more critical attention on the agencies,
whose power has grown out of proportion to their accountability.
Moody's verdict is, however, peanuts compared with the cost to BT of the
whims of Stephen Byers and the UK competition authorities. Moody's will no
doubt be aghast to learn that Yell could be worth Pounds 1 billion less as a
result.
In 1996 the Monopolies and Mergers Commission found that BT's Yellow Pages
had an 85 per cent monopoly of its market and made it sign undertakings to
cut prices by 2 per cent a year in real terms. The Office of Fair Trading has
reviewed this report; predictably, it has found that the enforced price cuts
have kept competition down and kept Yell's market share up.
The reasoning behind OFT advice that annual real price cuts should be doubled
is closed to scrutiny until Mr Byers has a new BT undertaking. But it appears
to argue that the market is still a monopoly, so Yell must be charging too
much, so prices should fall further.
The result, according to those formerly eager to buy Yell, is that a growth
business has been turned into a stagnant one, losing all momentum. This
sounds typical of the dead hand of UK regulation. It must strengthen the
resolve of BT's new leaders to remodel what the authorities so hate to the
greater advantage of shareholders.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
OUTLOOK
Outlook
Houston needs to think small about future technology
WILLIAM DYLAN POWELL
05/13/2001
Houston Chronicle
2 STAR
4
(Copyright 2001)
OK, it's test time - sort of like a breakfast-time Rorschach test for Outlook
readers. Here we go: What's the first thing that comes to mind when someone
mentions Houston?
Time's up. Your answers may have been energy, medicine or seemingly random
acts of highway closure. But how about something very, very small? While
Houston may not exactly be synonymous with all things tiny, we may want to
start giving more mind share to the world of the miniature. As technology
advances, Houston may owe a great deal to the study of small substances.
Nanotechnology is the study of creating functional structures on a molecular
scale (the prefix "nano" means one billionth, or 10 to the ninth power
numerically). Its theories and practices give scientists the means to
construct useful entities using the smallest known particle of unaltered
matter.
Before your eyes glaze over in a terminology-induced science class flashback,
you should hear some of the possibilities that this technology could afford
residents of the Bayou City and their respective commercial enterprises. The
possibilities give the works of science fiction author Ray Bradbury a run for
their money, and include producing computers the size of viruses or factories
that could fit neatly on your desk. Cancer-destroying robots could roam a
patient's innards like mounted police at a spring break celebration.
Eventually, all diseases and mutations could be eliminated. And all
manufacturing processes would become waste-free, both in terms of the
environment and from a business process standpoint.
Sound like science fiction? Maybe, but truth is rapidly catching up with
fiction. A team of university researchers recently figured out how to make a
functional switch out of a single organic molecule. Discoveries such as these
have spawned several branch fields of study including nanobiotics, NEMS
(nanoelectromechanical systems) and nanomedicine.
This technology would surely change the world. But it would especially affect
Houston. Applications for nanotechnology are a great fit for Houston's
economic landscape. The chemical industry already has begun conducting
research in small-sizing certain chemical compounds. And the energy industry,
still our darling, has great interest in the power management possibilities
of nanotech. This could be Houston's next great vehicle for economic
development.
Nay-sayers have expressed caution regarding progress in this field on two
separate fronts. First on how distant potential commercial offerings remain;
and secondly on the potential dangers of combining genetic engineering,
nanotechnology and robotics (for fear of creating self-assembling intelligent
machines as often portrayed in science-fiction movies). But too much
technological progress is happening at once for the possibilities not to whet
the appetites of the entire scientific and business communities.
Already, developmental overtures have been heard from Houston's little sister
to the north. The Dallas-Fort Worth region and its growing base of
semiconductor, light assembly and defense industries are keeping a close eye
on developments in small science. In March, a private-sector company donated
$2.5 million to the University of Texas at Dallas for nanotech research. And
a handful of Dallas-area groups have been quietly conducting research of
their own. This money augments the federal government's nearly half-billion
dollar allotment of 2001 research funding for nanotechnology. Houston has its
own projects, but they receive far less publicity.
Houston's public nanoscience efforts have been centered mostly on Rice
University's grand Turks of academia. Pushing the envelope of academic
excellence as usual, Rice's heavyweight research barons continue to generate
and distribute knowledge on the many potential applications of this exciting
technology. But as successful as they are, they receive far less publicity
and support than other less commercially significant disciplines.
On May 29, leaders from the energy, medical and technology sectors will
converge at the Houston Technology Forum to discuss various technology trends
that will affect Houston's future. Will the keynote speakers (chief
executives from Compaq, the Texas Medical Center and Enron) address the issue
of what Houston is doing to prepare for advances in nanotechnology and its
potential economic impact on the region?
I certainly hope so. Energy, medicine and technology are the terra firma of
Houston's economy. Each of these industry sectors could reap profound
benefits by bringing nanotechnology's concepts to light.
Sure, the fruits of this nascent science are still a long way off. But it's
going to become remarkably important sooner than we think. So while
Houstonians are well known for our love of largeness, it's time to think
small. Let's take a careful evaluation of what this technology could mean to
our city and its economic development.
Drawing
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
A
Panel plots new course for area's future / Education, economics, quality of
life top group's list of needed improvements
MIKE SNYDER
Staff
05/13/2001
Houston Chronicle
4 STAR
33
(Copyright 2001)
A group of prominent business executives, worried that Houston's reputation
as an unpleasant place to live imperils its future, is developing a plan to
transform the city's educational system, urban design and economic base.
The work of the Center for Houston's Future, a nonprofit group affiliated
with the Greater Houston Partnership, reflects growing concern that Houston
must reposition itself as a vibrant, desirable destination if it is to
compete in an economic climate that empowers skilled workers to live wherever
they choose.
Creating such a "livable city," leaders of the effort say, would in turn
enrich the lives of every Houstonian.
"The interests of the business community are fully aligned with the interests
of the community at large," said Eugene H. Vaughan, a money management
executive and board chairman of the Center for Houston's Future.
A report prepared for the organization by a business-based task force
recommends that local leaders challenge long-held assumptions that have
discouraged meaningful land-use planning. It sketches a vision of Houston 20
years from now in which technology and other tools have revolutionized public
education, "livable city centers" have changed the physical landscape and
current civic leaders have groomed a new, more diverse generation of
successors.
The report argues that the business community's traditional leadership role
in Houston's civic affairs should continue. But it suggests the models of
business influence that prevailed in "the old days" should be re-examined.
"Those were the days when oil was king, and Houston was the energy capital of
the world - the days when a handful of `big' leaders, including CEOs of major
corporations, could meet in a room together and decide on the future of
Houston," the report states.
"But times have changed, and there is far less tolerance in Houston's highly
diverse, egalitarian society for a hidden oligarchy to run things, no matter
how benevolent those leaders might be."
The center's board includes top executives of some of Houston's most
successful and influential companies, including Enron Chairman Ken Lay; Ned
Holmes, chairman and CEO of Parkway Investments/Texas Inc.; James Royer,
president and CEO of Turner, Collie & Braden Inc.; William White, president
and CEO of WEDGE Group Inc.; and Jim Kollaer, president and CEO of the
Greater Houston Partnership.
Vaughan said the stature of the board members is an indication that the group
is not likely to generate plans that will simply sit on a shelf.
"They've got so many demands on their time that they're not going to fool
around with something that is ill-conceived," he said.
Rice University sociology professor Stephen Klineberg, one of the experts who
advised the task force that generated the report, agreed that the center's
work could be very influential.
"This is the first time there's been a systematic, coordinated effort on the
part of the business community" to improve Houston's quality of life,
Klineberg said.
The Center for Houston's Future was created in the early 1990s primarily as a
source of research information for the partnership, Houston's premier
business organization. But its role changed about two years ago, Vaughan
said, when Holmes became chairman of the partnership and encouraged the
center to take an aggressive approach to planning for the region's future.
Last summer, the center organized three workshops attended by 36 people
representing a cross section of the business community. These 10-day,
seven-night events, led by professional facilitators and featuring various
guest speakers, produced a report outlining four possible future Houston
scenarios.
James D. Calaway, a member of the center's board, said the details outlined
in the four scenarios are intended to be "illustrative" and are not
necessarily the actions the organization ultimately will recommend. However,
they provide insight into the direction of the group's thinking, he said.
In the first scenario, based on the assumption that local planning and
decision-making proceed much as they have in the past, the workshop
participants speculate that tension between the city and suburbs increases to
the point that the Legislature strips Houston of its annexation power.
Development is greatly restricted because of failure to meet clean-air
standards, property values plummet and the City Council must pass a large tax
rate increase.
Houston becomes a stronghold of low-wage, service-sector employment, and the
gap between rich and poor widens: "For many who live there, it's simply a
large urban sprawl, adrift in the global economy, or it's a three-year
hardship post on the way to something more desirable."
Scenario two suggests that Houston's leaders transform the educational system
by developing a "Teacher Network" that delivers Internet-based educational
resources into every classroom and teacher's home in the region. This in turn
leads to a communitywide electronic educational network, with every home in
the Houston area connected to the Internet by 2007.
These efforts, combined with universal, full-day preschool care, lead to
state-of-the-art local schools by 2010, with almost universal high school
graduation rates and 75 percent of these graduates going on to college or
technical training programs.
The report does not estimate the cost of these measures or identify how they
would be funded. Potential sources, Calaway said, include local, state and
federal tax money, private grants and reallocation of funds now being spent
on more traditional educational programs.
In scenario three, local leaders take bold steps to overcome Houston's
reputation for sprawl, dirty air and lack of green space - perceptions that
hamper efforts to attract the talent needed to keep the region economically
competitive.
These leaders develop a vision of Houston based on the creation of "livable
city centers" - major activity centers targeted for redesign and
redevelopment - and the connection of these centers through "personal and
public transport in corridors that delight the eye."
Within the centers, streets are reconstructed to better accommodate
pedestrians. Financial incentives prompt developers to provide a wide range
of housing styles, including substantial affordable housing. The Main Street
light rail line is built, succeeds spectacularly and is followed by more rail
lines extending in various directions.
To accomplish these goals, the report states, local leaders must overcome
their "ingrained suspicion of planning," and the City Council must adopt
"new, more prescriptive development standards" within the livable city
centers. Early successes lead to a public referendum authorizing the
expenditure of $8 billion over 20 years to create the "livable city."
Scenario four focuses on making Houston a "crossroads of the world economy."
The city's business leadership becomes broader and more diverse, and it turns
its energy toward diversifying the economy.
The energy industry, adapting to the new economic climate, transforms its
business model and creates new, high-tech enterprises. Space, nanotechnology
and biotechnology research help launch hundreds of companies that quickly
become significant global players.
The workshop participants concluded that Houston must accomplish key elements
of scenarios two, three and four if it is to become a "true world-class city
in which to live and conduct business."
Calaway and Vaughan said the next steps will include designating committees
to develop specific recommendations in each of the broad areas studied, such
as education and quality of life. Working groups then will be established to
begin translating these ideas into policy, they said.
Although the center is focused on the long term, they said, it must produce
results as soon as possible.
"If we do not get serious about this, 20 years from now we're going to be a
low-wage environment, putting people in very, very dead- end jobs," Calaway
said during a recent presentation on the group's work to members of the
nonprofit Gulf Coast Institute.
"We've got to get the quality of life right, but we've also got to make sure
that we educate these kids for our future."
Mugs: 1. Ken Lay (p. 45); 2. Ned Holmes (p. 45); 3. James Royer (p. 45); 4.
Jim Kollaer (p. 45)
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
MSEB not to pick up 15 pc in DPC after phase II completion
05/13/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.
Mumbai, May 13 (PTI) Maharashtra State Electricity Board (MSEB) has decided
not to pick up the remaining 15 per cent equity in Enron-promoted Dabhol
Power Company (DPC), which it was earlier supposed to, after the complete
construction of the entire USD three billion power project in Dabhol.
"It is true that we had promised to take the 15 per cent, translating into
infusion of around USD 65 million and given the serious financial stress the
board is facing, it is not going to be possible for us to participate in the
phase II of the project", a senior MSEB official told PTI here Sunday.
Currently, Enron International owns 65 per cent, MSEB -15 per cent, General
Electric and Bechtel 10 per cent each.
However, MSEB is yet to send an official intimation to DPC in this regard,
the official said adding the board would inform the company soon after the
completion of the project.
DPC's USD 1.87 billion phase II would be fired on June seven, 2001, thus
marking completion of the 2,184 MW project.
DPC, which received a Foreign Investment and Promotion Board clearance in
last December for its 10.83 billion foreign Direct Investment, has not been
able to scout an alternative fifth partner for MSEB's equity.
The company had decided to off load the 15 per cent of its current holding of
65 per cent to a new entity, as according to the company's global
debt-consolidation it needed to maintain its stake at 50 per cent in DPC
after its completion.
In order to avoid any delay, Enron had agreed to meet up with the equity
shortfall as per the former's agreement with its lenders.
(THROUGH ASIA PULSE) 13-05 2001
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron plans to pull out of Gulf gas project: MEED
05/13/2001
Agence France-Presse
(Copyright 2001)
DUBAI, May 13 (AFP) - Enron Corp. of the United States plans to pull out of a
project to deliver Qatari gas to the United Arab Emirates (UAE), Middle East
Economic Digest (MEED) reported on Sunday.
Enron is a partner in the Dolphin Energy project along with the
Franco-Belgian company TotalFinaElf and the Abu Dhabi government- owned UAE
Offsets Group (UOG). Its role is to build a pipeline under the Gulf between
Qatar and Abu Dhabi.
"The profit margin for Enron would be low. At present, the Dolphin project is
being developed primarily as an upstream venture," an industry source told
MEED.
Another industry publication, Middle East Economic Survey (MEES), reported
last week that the two other partners regarded Enron's estimated cost for
constructing and laying the 350-kilometre (220- mile) undersea pipeline as
too high.
"There is talk of new partners," a source with TotalFinaElf, whose role is to
develop a block in Qatar's giant North Field, told MEED. "But whatever
happens, we are staying."
On March 14, Qatar and the UAE inked a 25-year term sheet agreement on the
project, setting the volume at two billion cubic feet (20 million cubic
metres) of natural gas per day.
Differences over pricing and volumes had put back the signing of the
agreement for two years after a first statement of principle for Dolphin was
inked by Qatar and UOG in March 1999.
According to MEES, Qatar Petroleum and UOG have finally agreed on a gas price
formula of 1.3 dollars per million BTU (British thermal units) following
"high-level political intervention from Qatar and Abu Dhabi".
TotalFinaElf and Enron are strategic partners in the multi- billion-dollar
project, each holding a 24.5 percent share in Dolphin Energy Limited (DEL),
with UOG retaining a controlling 51 percent stake.
From Abu Dhabi, the gas is to be distributed inside the emirate and on to
Dubai and Oman. An extension to Pakistan through an undersea pipeline is also
planned, as part of a regional gas network.
hc/rp
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
BUSINESS
SMALL BUSINESS / Pleasure cruisin' / Yacht fleet owner offers customers what
amounts to limo service on the lake
CAROL RUST
Special to the Chronicle
05/13/2001
Houston Chronicle
2 STAR
1
(Copyright 2001)
KEMAH - Tom Lober trundled home from second grade with a three- tiered wooden
box he'd made at school.
"This is my houseboat," he told his mother 35 years ago. "When I grow up, I'm
going to live on a boat."
His practical-minded mother put the "boat" to work as a patio plant stand
until it finally rotted from a decade of exposure.
On a recent evening, Lober stood on the bow of one of his four charter
yachts, enjoying the sunset-tinted water and a mild breeze as the 100-foot
luxury boat moved quietly from Clear Lake into Galveston Bay.
"This is what I love," Lober said, scanning a horizon dotted with distant
boats. "The others are here to party, but this is it for me."
The founder and owner of Star Fleet Entertainment Yachts spoke calmly against
the din of a mini-Mardi Gras heating up on middeck, where bead-clad
executives were letting their hair down at their annual appreciation party
for a major customer. A Mae West look- alike hired for the event meandered
among them, handing out cigars and sultry comments in her mermaid-cut white
dress studded with faux pearls and a white feather boa twirled about her
neck.
In the eight and one-half years since the 42-year-old Lober started Star
Fleet, he's seen everything from fire-eaters to hula dancers as entertainment
on the hundreds of custom cruises his staff of 70 puts together each year.
Last year, the company booked 400 cruises, which translated into $2.3 million
in gross sales, in events ranging from Gulf Coast versions of company picnics
to a bat mitzvah with a Gilligan's Island theme. One guy recently plunked
down $2,000 to charter an entire boat for a date.
One of Lober's seven captains is, handily, a licensed minister for weddings.
Star Fleet staff recently added squirt guns, Hula Hoops and limbo sticks as
regular on-board equipment.
"It's a bizarre business," Lober said. "Nothing seems unusual anymore."
Nearly all Star Fleet's cruises include dinner. His kitchen staff does the
prep work for hors d'oeuvres and main courses on land near the marina,
transferring them to a generous galley on board before customers arrive. The
galley crew does the final cooking.
Star Fleet Entertainment Yachts is one of about a dozen businesses of its
size in the country that provides strictly private charter yacht cruises, but
Lober has hundreds of competitors locally.
"I'm competing with caterers, hotels, restaurants - anyone in the eating,
drinking and party business," he said. "People say there are two things
you're never supposed to own: a boat and a restaurant. I put a restaurant on
a boat."
Last month, he launched what he believes is the first-ever water limousine, a
30-foot yacht complete with wet bar, sound system, leather couches, TV and
VCR that takes small groups to waterfront restaurants and bars, just like a
limo does on land.
Sometimes, his clients hop off and dine at one of the restaurants on the
Kemah Boardwalk while the limo is anchored beside it. In other cases, waiters
deliver the food to the boat, equipped with removable dining tables that can
seat 14, and the customers dine while cruising Clear Lake.
Lober was a natural shoo-in for a career on the water. His father owned a
supply boat business in Houston and a fleet of shrimp boats based in
Trinidad. He eventually became president of his dad's supply boat business
after getting a master's degree in maritime management from Texas A&M
Maritime Academy in Galveston in 1981.
But he still had that idea from second grade that grew from living on a boat
to providing exclusive entertainment on the water.
In 1986, he joined the Passenger Vessel Association, a national group of
vessel owners that provides public or private cruises for gaming, ecotourism
or other entertainment. He attended seminars, talked to boat owners,
researched trends in the industry and tried to figure out what it would take
to float his idea.
Lober drew up plans for a boat big enough to accommodate up to 150
passengers, but with a three-foot draft to keep from running aground in the
notoriously shallow Clear Lake and Galveston Bay.
"I wanted to be able to take that boat anywhere on the lake," which is five
feet deep in places, he said.
Bankers were skeptical when he approached them for a loan.
"This was a new business in Houston that had never been done before," Lober
said. "They had no confidence.
"I finally got to the point where I'd just take my business plan into a bank
and say, `I know I'm not going to get a loan - just look at what I've got and
tell me what it needs,' " he said.
Even without a loan in place, Lober began hands-on research. During the week,
he still worked at his father's supply boat business, but flew to Fort
Lauderdale, Fla., on weekends to work as a deck hand and food server for a
charter yacht company to learn the business from the bottom up.
After a year of loan seeking, he found a lender at the Passenger Vessel
Association's annual meeting. Caterpillar Finance agreed to lend him 60
percent of the $950,000 in construction costs if he installed Caterpillar
engines on the boat.
Construction took a year, during which Lober continued his research, serving
drinks on weekends aboard a charter boat on the Detroit River and Lake St.
Clair.
Finally, Lober launched Star Gazer in October 1993.
The maritime academy might have taught him how to navigate by the stars, but
it didn't prepare him for marketing.
"I didn't know what I was doing," Lober said. "The first year, I spent
$125,000 in marketing blunders," including a $50,000 mass mail campaign that
he called "a total flop."
Marketing was twice as expensive as he thought it would be and took twice as
long for potential customers to understand the concept he was trying to sell,
he said. Meanwhile, his boat sat in the stall for up to three weeks at a
time.
Lober had a $30,000 monthly overhead in debt service, office rental,
insurance and slip fees, and "I still had to pay it if the boat didn't leave
once," he said.
Panicked, he joined the Greater Houston Partnership to seek out ideas, and he
got one: target marketing.
He and his small staff scrutinized every detail about the people who used the
boat and set out to find more like them. He set his sights on the corporate
client, which makes up about 70 percent of his business today. Corporate
customers include Enron, Exxon Mobil, Shell, Continental Airlines and Katy
Mills mall.
"We have had our party with Star Fleet every year for five years," said Ravi
Lal, director of ethylene division of Technip, based in San Dimas, Calif.
"The first year, I wanted to do something special that I hadn't seen before.
Everybody likes it, and everybody wants to come back."
Business slowly began to build, and word spread. Lober added the 90-foot Star
Cruiser in 1997, the 74-foot Star Spirit in 1999, and brought in a fourth,
the Lake Limo, last month. Also in 1999, he bought 6 acres with 600 feet of
waterfront and built Star Fleet Marina. While part of that land is still
undeveloped, it eventually will become a parking lot for 500 cars when Lober
adds a fifth large yacht, Star Ship, sometime in the future.
"We plan to add Star Ship when we're turning down enough business from the
other boats," he said.
After more than eight years, Lober has yet to take home a salary, putting
everything back into the business.
The more he puts back, the more business he can accommodate.
But Lober and his staff still keep close tabs on their customers.
"We track everything - which individuals, what type of event, whether they
prefer sit-down dinners, how they heard about us - you name it," he said.
It's a lot of details. He knows that blackout shades, pull-down projector
screens and multiple microphone jacks are needed for presentations, and that
some clients like to be picked up at one of the Galveston hotels or other
locations on the Houston Ship Channel.
If a customer hires a deejay, a crewmember provides padding to put underneath
the CD player on the bandstand because dancing on the steel dance floor
causes the player to bounce.
Lober's three full-time cruise consultants handle charter buses to and from
the marina, limos, menus, photographers and decorations. They work with Star
Fleet's in-house florist and theme designer to provide floral arrangements
for sit-down dinners and Hawaiian leis of fresh orchids and hibiscus for a
major retailer's party, for which the florist helped transform the boat's
stanchions into palm trees.
And consultants have their own suggestions, such as bestowing captains' hats
instead of the usual corsages to employees with top sales who were being
honored at a recent floating awards banquet.
Lober believes his company's custom service brings customers back.
"They handle all the details once, and after customers go on that first
cruise, they're sold on the concept," he said. "People love something
different. We provide a different kind of party. If they do it once, they
usually want to do it again."
But cruises aren't limited to parties, Lober said. Customers have chartered
boats for banquets, retreats, new product introductions, incentive awards
dinners and for scattering loved ones' ashes.
About 60 percent of Star Fleet's business is repeat and referral. The recent
corporate party featuring the Mae West look-alike was the fifth the company
has chosen to have with Star Fleet.
Part of Lober's initial marketing problem - which continues today - is that
Houstonians just don't realize how close to the water they are.
"It's not like Fort Lauderdale, where water is part of the landscape," he
said. "In Houston, there's no high-visibility location to see the water, just
one spot on Loop 610 that overlooks the Port of Houston. Even in Clear Lake,
there are only one or two places when you drive around the lake that you can
actually see the water. We don't have a San Francisco Bay or New York Harbor.
So people have to be reminded."
He also has to deal with the misconception that only the very rich can afford
cruises, Lober said.
"Some people think they can't afford a luxury yacht, but when they compare
our complete package with upscale restaurants, hotel banquet facilities,
country clubs and wedding manors, we are quite competitive," he said. "And
our food is gourmet quality. Just like a five-star hotel, we never cut
corners."
Event cruises start at $40 per guest including food, bar, entertainment, tax
and gratuities.
Lober depends heavily on customer surveys to develop the service he and his
crew provide. And customers informally give Star Fleet staff new ideas with
some of the extras they bring aboard, such as the squirt guns, Mardi Gras
beads, Hula Hoops and limbo sticks.
"We learn a lot from our customers," he said. "We see what they do, take the
best and give it back to them."
Because customer surveys indicate that about 20 percent of Star Fleet's
business comes from being seen on the water, Lober and his captains make
their crafts as visible as possible whenever they take them out. The real
opportunity for hot-dogging comes when a customer charters two or three
boats, and they raft up to become the Star Fleet flotilla, with customers
moving from one boat to another. A three-boat charter can handle up to 375
guests.
But one boat can still do a lot of advertising.
At the recent corporate party, Mae West joined the other revelers who were
slinging Mardi Gras beads at al fresco diners as Capt. Tony DeFore edged Star
Gazer close to the Kemah waterfront. They may not have known it, but they
were doing a little of Lober's public relations work for him.
As the boat pulled back into the Star Fleet Marina, Lober pointed out a barge
under construction. When it is finished - by the end of the year, he hopes -
the bottom floor will be a galley for food preparation, the second the Star
Fleet office and the third floor an 1,800-square-foot apartment.
It will kind of resemble that three-tiered wooden box he brought home from
school years ago, Lober says.
And he's going to live at the top.
Photos: 1-2. Left: Star Gazer, first of the Star Fleet Entertainment Yachts,
launched in 1993, sets sail for Southshore Harbor earlier this month. From
left to right are bartender Bridget Byous, server Leona Clark, Cruise
Director Edith Mitchell and President Tom Lober. Below: Cruise Director Edith
Mitchell unties the Star Gazer's bow line (color); 3. Star Fleet
Entertainment yachts President Tom Lober watches server Leona Clark polish
silverware for a buffet dinner aboard the Star Gazer. Last year, the company
booked more than 400 cruises, generating $2.3 million (color, p. 4)
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
More power to reform agenda
Soma Banerjee
05/13/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)
THE electricity industry is often identified as the black sheep in the
infrastructure sector which has continued to lag behind despite an overdose
of government support.
Despite being one of the earlier industries to be opened up, private
investments in this sector have failed to take off.
Worse, the only sizeable project which was something to write home about
Enrons Dabhol Power plant in Maharashtra is currently a under cloud with its
promoters involved in a legal battle with the state entity and its sole
consumer for non-payment of bills. Policy makers and investors in the energy
sector are still groping to find ways and means to improve the performance of
this key industry.
Although private investments were expected to come in a big way in creating
new capacities, policy uncertainties and above all the poor financial health
of the consumer, in most cases the SEBs, have posed major problems for power
plant developers.
After about ten years of liberalisation, the private sector has to its credit
only about 5000 MW and according to projections by experts investments in
greenfield projects are unlikely before four to five years.
The factors that have been taken into consideration in the current projection
are almost inbuilt into the system. For one, there is a general agreement
that stressing on generation alone without doing much on the distribution
front has eroded the financial health of most SEBs.
``Private power developers cannot be expected to invest in projects till they
are assured that they will be paid for the energy produced, experts say.
But like the recent Montek Singh Ahluwalia report maintains, such reforms
cannot be done overnight and will require minimum five to seven years before
they break even.
The sector has already seen major exits like Cogentrix and Powergen and if
the current trends are anything to go by it would not be long before Enron
too says Sayonara India, claim sources in the power industry.
IPPAI, an association for private power investments, feels that the flip-flop
by the government as far as power policies are concerned have made it
difficult for investors to take decisions.
``Take this as an example at one time there were more than 200 MoUs signed up
for private power projects, the government provided counter guarantees for
eight projects, of which only three have taken off. Of this the Enron project
is already facing problems of nonpayment, says a senior source.
According to estimates drawn up by financial institutions like Power Finance
Corporation an organisation responsible for monitoring the financial health
of the SEBs and helping them with their reform programmes almost all the SEBs
have registered a negative turnover. Which is why the financing or
escrowability of SEBs across the country has been reduced to zero.
According to Union power minister Suresh Prabhu, the states are now
responsive to changes and reforms and the recent drive initiated by the
Centre to work with the state governments was expected to yield results.
But this sector has seen far too many committees which have failed to yield
much hope and it is only sheer determination of SEBs and political will that
can help this backbencher.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India Power Min: New Power Deal With Enron Unit Possible
By Himendra Kumar
Of DOW JONES NEWSWIRES
05/12/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI -(Dow Jones)- India is hopeful the Maharashtra State Electricity
Board's power purchase agreement with the U.S. energy company Enron Corp.'s
(ENE) Indian unit Dabhol Power Co. can be renegotiated and the DPC's dispute
over payments be settled, the country's federal Power Minister Suresh Prabhu
said.
In a weekend interview with Dow Jones Newswires, Prabhu said the very fact
that the DPC had come to the negotiating table for discussions on its power
price was an indication that Enron was keen to save its India project.
A special panel, set up by the Maharashtra state government, met with
representatives of the DPC, for the first time Friday and agreed to another
meeting May 23.
Friday's meeting lasted for more than two hours.
"I am of the view that a negotiated settlement is possible since the first
meeting of DPC with the Maharahtra state expert panel went off well. There
has been a positive response both from the DPC and the MSEB after the
meeting. The central government will also reciprocate by participating in a
meaningful dialogue. The next meeting will really decide on how it all goes,"
Prabhu said.
Earlier this week, in an e-mail to Dow Jones Newswires from Houston, Enron
Vice President John Ambler however, said, "While we have constantly
maintained that we are open to continuing a dialogue towards resolving
issues, this (Friday) meeting should in no manner be construed as an open
offer from DPC to renegotiate the terms of the contract."
The Maharashtra state government contends that the price paid for electricity
from the Dabhol power plant, India's biggest-ever foreign investment at $2.9
billion, is "unaffordable" and seeks to renegotiate tariffs.
A recent committee appointed by the government, the Godbole panel,
recommended that the power purchase agreement be renegotiated.
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to Dabhol charging 7.1 rupees ($1=INR46.8825) a kilowatt-hour
for its power, compared with INR1.5/kwh charged by other suppliers.
The 2,184-megawatt DPC project in Maharashtra has been mired in financial
disputes after the Maharashtra State Electricity Board, its main customer,
failed to pay the December 2000 and January bills. The Godbole panel is
working toward lowering the DPC's power tariff and allowing the sale of
excess power to the federal government or its utilities. A restructuring of
the DPC's stakeholding may also be on the agenda.
The Maharashtra government has asked the committee to try to negotiate a
revised agreement within a month. The DPC currently operates a 740-megawatt
naphtha plant contributing about 0.7% to India's installed capacity. Enron
has maintained that work will be completed by the year-end in the second
phase of the Dabhol project that will add 1,444 MW to its capacity. The plant
will switch from naphtha to liquefied natural gas as a fuel source in 2002.
Texas-based Enron has a 65% stake in the DPC and is the project's largest
shareholder. Other shareholders include the MSEB with 15%, and General
Electric Co. (GE) and Bechtel Enterprises (X.BTL) with 10% each.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: Talks begin on Dabhol issue
05/12/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
MUMBAI, May 11. OFFICIALS of Enron India today met the expert committee
headed by Dr Madhav Godbole to discuss the fate of Enron's Dabhol Power
Company.
Mr A.V. Gokak, Union Government representative, who was appointed only last
night, could not attend the meeting due to the short notice.
Lenders to the project who were to attend the meeting stayed away.
Instead, Mr A.G. Karkhanis, former Executive Director, Industrial Development
Bank of India, attended as observer on behalf of foreign and Indian lenders,
Mr Vinay Mohan Lal, Energy Secretary, told reporters here after the meeting.
When asked about Enron's reluctance to renegotiate, Mr Lal said: "They are
coming again on May 23. What does that mean?"
Though none of those present at the meeting was willing to give more details,
senior State Government officials had earlier told Business Line that the
State would be willing to discuss phase II only after a decision on the
rebate slapped on DPC.
"Basically our strategy will be to bring the Rs 401- crore rebate payable by
DPC to the centre-stage," the official said. "The company has not mentioned a
single word about the rebate in any of their letters to either the MSEB or
the State. And we, on the other hand, have discussed anything but the rebate
in our letters to DPC," he said.
Mr Wade Cline, Managing Director, Enron India, did not comment on whether the
company would issue the preliminary termination notice.
The Maharashtra State Electricity Board (MSEB) Chairman, Mr Vinay Bansal, and
Mr Lal had last evening briefed the Democratic Front constituents about their
stand vis-a-vis Enron.
They are understood to have told the political brass of the State that MSEB
does not need the second phase of the Dabhol power project.
They categorically said MSEB would not buy power from DPC-phase II, it is
learnt.
MSEB also reiterated its stand that DPC should adjust the dues owed by it
against the non-performance penalty.
Senior MSEB officials said the board had replied to the arbitration notice
issued by DPC and made its position clear. The board is of the opinion that
DPC should adjust Rs 213 crore - the December and January bills - against the
Rs 401 crore penalty for performance default.
The State Government also has backed the MSEB in its replies to the three
arbitration notices served on it. It has said that since MSEB does not accept
the charges - non-compliance with the power purchase agreement (PPA) -
leveled against it, the State is not bound to pay.
The Centre too is understood to have backed MSEB in its preliminary reply to
the conciliation notice from DPC.
Today's meeting was attended by Mr Cline, Mr Neil McGregor, President, DPC,
Mr Mukesh Tyagi, Vice-President, DPC, and Mr Sanjeev Khandekar, VP, DPC, and
Mr Mohan Gurunath, Chief Financial Officer, DPC.
Among the renegotiation panel members, Mr Deepak Parekh, Mr E A S Sarma and
Mr Kirit Parikh were also unable to attend. The next meeting is scheduled on
May 23, Mr Lal said.
Gokak nominated to panel: The Government has nominated former fertiliser and
telecom secretary, Mr A.V. Gokak, to the arbitration committee involving
Dabhol Power Company (DPC).
The Power Ministry had earlier mooted the additional solicitor general, Mr
Harish Salve's candidature for the job.
The conciliation process, however, has been hanging fire as the third
conciliator is yet to be appointed. Dabhol Power Company had written to the
Centre last month seeking six names for selection of a mutually acceptable
conciliator to kick- start the conciliation process.
DPC's letter to the Finance Ministry was seen in the context of the
substantial delay between the initiation of the conciliation process three
weeks ago and the finalisation of the conciliators. Soon after the
conciliation process was initiated, DPC decided to invoke political force
majeure and moved in for arbitration - a prelude to termination of the
project.
Our Bureau
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India to allow 3rd party sale if DPC, MSEB jointly approach
05/12/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.
Mumbai, May 12 (PTI) The Federal Government will allow sale of power to a
"willing buyer" if the Enron-promoted Dabhol Power Company (DPC) and
Maharashtra State Electricity Board (MSEB) will together approach the power
ministry with a concrete proposal for their 2,184 mw project in Dabhol.
"I will give whatever status they want, including a mega project one, if DPC
and MSEB jointly approach the Centre (Federal Government) for the same",
Indian Power Minister Suresh Prabhu told reporters here Saturday.
He said the Indian Government would extend its cooperation to the Maharashtra
government (western state) "in every way" to resolve the imbroglio between
MSEB and DPC.
When pointed out that both the state government and DPC were of the opinion
that federal power utility National Thermal Power Corporation (NTPC) should
buy the power, Prabhu said NTPC cannot do so as it was power selling entity
and not buying one.
"There is no question of NTPC buying power from the project since long term
power purchase agreements (PPAs) have been signed by NTPC with the buying
states", he reiterated.
Prabhu said the Indian Government would also try and find out potential
buyers of DPC power "if other states were willing to buy the same".
Earlier in his meeting with state chief minister Vilasrao Deshmukh, the
latter had suggested that NTPC sell the excess power over and above the
300-400 MW needed for the state from the 740 MW phase-I and soon to be
commissioned phase-II of 1,444 MW, to other needy states.
(THROUGH ASIA PULSE) 12-05 2001
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
LOCAL STORIES
DEFAZIO CALLS FOR STATE TO BUY PGE TO PROTECT RATES
DAVE HOGAN AND JEFF MAPES of the Oregonian Staff
05/12/2001
Portland Oregonian
SUNRISE
C01
(Copyright (c) The Oregonian 2001)
Summary: The suggestion generates little enthusiasm and critics suspect it's
motivated by the lawmaker's possible race for governor
"I believe this is an extraordinary opportunity and a way that we can
insulate almost a quarter of our population and a core of Oregon's business
community from the craziness that is going on in the energy wholesale
markets." -- U.S. REP. PETER DeFAZIO D-ORE.
The state of Oregon should consider buying investor-owned Portland General
Electric to help protect Oregonians from gyrations in the electricity market,
U.S. Rep. Peter DeFazio declared Friday.
Gov. John Kitzhaber reacted politely and said he'll explore the idea, but
others said it's a long shot because of political, financial and timing
factors.
Critics said the proposal appeared aimed more at attracting attention to
DeFazio's potential candidacy for governor than anything else.
Several companies already are considering buying the utility, but DeFazio
said state ownership could help keep PGE customers' electricity rates low and
generate profits that could help the rest of Oregon.
"I believe this is an extraordinary opportunity and a way that we can
insulate almost a quarter of our population and a core of Oregon's business
community from the craziness that is going on in the energy wholesale
markets," said DeFazio, D-Ore.
PGE serves about 725,000 retail customers, mostly in the Portland area, and
is owned by Houston-based Enron Corp. PGE's sale to Nevada's Sierra Pacific
Resources for $3.1 billion officially fell apart last month. Other possible
buyers include Northwest Natural and ScottishPower, which owns PacifiCorp.
While Enron and PGE officials declined to comment Friday, legislative leaders
showed no particular enthusiasm for DeFazio's idea.
"I appreciate his efforts, but I don't think it's the right idea at this
time," said House Speaker Mark Simmons, R-Elgin. He said the state already
has a package of bills aimed at spurring more energy production and
conservation.
Senate President Gene Derfler, R-Salem, said he'd be willing to sit down and
talk with DeFazio. "I would not just shut the door," he said, but he doesn't
plan to devote much work to the proposal. Derfler questioned whether state
government could run a utility as efficiently as a business.
DeFazio said a PGE purchase would offer several benefits. State ownership
would put control of PGE in local hands instead of those of a faraway
corporation such as ScottishPower. For PGE customers, state ownership would
provide some protection and stability in electricity rates. It also would be
a good investment that would pay for itself and perhaps pump revenue back
into the state's coffers.
The purchase could be financed with tax-exempt bonds sold by the state.
DeFazio said state Treasurer Randall Edwards had told him the idea was "in
the realm of possibility."
DeFazio's idea is an intriguing one and could provide some benefits, said Bob
Jenks, executive director of the Citizens' Utility Board, which represents
customers of investor-owned utilities such as PGE.
Jenks said the primary benefit would be that, if the state bought PGE, the
utility would be able to buy lower-priced electricity from the Bonneville
Power Administration, which is required to sell power at lower rates to
publicly owned utilities. However, a publicly owned PGE wouldn't be able to
buy the lower-priced BPA power for about five years because of electricity
sales contracts that already are in place.
And even if PGE were able to buy lower-priced BPA power, that wouldn't
necessarily translate to lower electricity bills for PGE customers, Jenks
said. In addition, he said it could increase rates for other publicly owned
utilities because the BPA has a shortage of cheap hydropower.
The state Public Utility Commission would have to approve any sale of PGE,
but outgoing PUC Chairman Ron Eachus criticized DeFazio's proposal, saying it
had the potential to increase rates both for PGE customers and for publicly
owned utilities. He also said it seemed designed to get political attention
for DeFazio's potential candidacy.
"I think we're in the political season where people are proposing grandiose
schemes that aren't very well thought out, and this seems to be one of
those," Eachus said.
DeFazio conceded that a high-profile proposal focused on a Portland-area
issue such as the ownership of PGE would be a good way for a candidate to
build support for a run for governor, but he said that had nothing to do with
his plan.
You can reach Dave Hogan at 503-221-8531 or by e-mail at
davehogan@news.oregonian.com.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Congressman suggests state buy PGE
By CHARLES E. BEGGS
Associated Press Writer
05/11/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
SALEM, Ore. (AP) - Congressman Peter DeFazio on Friday proposed that the
state buy Portland General Electric as a way to hold down power costs.
The Democrat outlined his plan after presenting it to Gov. John Kitzhaber,
who said he would ask his energy advisers to analyze it.
PGE is Oregon's biggest electric utility, serving more than 700,000
customers. DeFazio said a state purchase of the company could insulate many
Oregonians from "the craziness in power markets."
DeFazio said the state could buy the company by issuing revenue bonds and
have the utility operate as a public power entity.
He said the purchase would give the state a diverse mix of transmission
rights along with hydropower, gas, coal and renewable energy sources.
"While I have not exhaustively researched the proposal, it does appear to be
feasible," said DeFazio, an opponent of electric deregulation.
Enron Corp., the Texas-based owner of PGE, is trying to sell the utility.
Sierra Pacific last month abandoned its plan to buy PGE for $3.1 billion,
citing increasing difficulties in the current market and the political
environment in the West.
Kitzhaber said he's not opposed to the idea of the state buying a private
utility, as long as it would benefit consumers.
DeFazio said PGE has been a profitable company, and putting it in public
ownership could give it preference over private utilities for the Bonneville
Power Administration's hydropower.
The congressman's suggestion wasn't welcomed by the Legislature.
"Thanks, but no thanks," said House Speaker Mark Simmons.
"Philosophically, I think it's the wrong approach," he said. "We have a
bipartisan package of bills dealing with the issue."
Among those are his measure to delay partial electric deregulation for large
businesses and a bill to speed up the process for siting temporary generating
plants.
Senate President Gene Derfler didn't reject the idea, but said the
Legislature doesn't have enough time in the current session to take on a job
like a utility purchase.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. | Message-ID: <33104587.1075857631156.JavaMail.evans@thyme>
Date: Mon, 14 May 2001 01:30:00 -0700 (PDT)
From: ann.schmidt@enron.com
Subject: Enron Mentions - 05/12/01 - 05/13/01
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As Final Exams Begin, Power Is a Big Question
The New York Times, 05/13/01
British Telecom
The Times of London, 05/12/01
Houston needs to think small about future technology
Houston Chronicle, 05/13/01
Panel plots new course for area's future / Education, economics, quality of
life top group's list of needed improvements
Houston Chronicle, 05/13/01
MSEB not to pick up 15 pc in DPC after phase II completion
Press Trust of India Limited, 05/13/01
Enron plans to pull out of Gulf gas project: MEED
Agence France-Presse, 05/13/01
SMALL BUSINESS / Pleasure cruisin' / Yacht fleet owner offers customers what
amounts to limo service on the lake
Houston Chronicle, 05/13/01
More power to reform agenda
The Economic Times, 05/13/01
India Power Min: New Power Deal With Enron Unit Possible
Dow Jones International News, 05/12/01
India: Talks begin on Dabhol issue
Business Line (The Hindu), 05/12/01
India to allow 3rd party sale if DPC, MSEB jointly approach
Press Trust of India Limited, 05/12/01
DEFAZIO CALLS FOR STATE TO BUY PGE TO PROTECT RATES
Portland Oregonian, 05/12/01
Congressman suggests state buy PGE
Associated Press Newswires, 05/11/01
National Desk; Section 1
As Final Exams Begin, Power Is a Big Question
By JODI WILGOREN
05/13/2001
The New York Times
Page 16, Column 4
c. 2001 New York Times Company
For final exams, prepared students pack extra pens, calculators, bottled
water, granola bars. And, at the University of California's Berkeley campus
this year, a flashlight.
As state officials and utilities struggle to maintain the power supply during
California's continuing energy shortage, administrators and professors at the
31,000-student campus are planning for the possibility that rolling blackouts
may disrupt exams, which began on Friday and run through next Saturday.
''People here are used to interruptions,'' Sara Abbas, 21, a senior
communications major, said with a shrug as she studied in a cafe near campus.
''People walking in, people running around buck naked and whatnot. People
have cut the power lines. They just reschedule.''
In an e-mail message sent Wednesday, the executive vice chancellor, Paul R.
Gray, advised instructors to use ''individual discretion to decide the
disposition of their examinations once the exam has started.'' Among the
options: delay the test until the lights return; postpone it until a
Saturday; grade the incomplete test; or cancel the exam altogether.
Professors are also encouraged to check a Web site to see if their exam rooms
have windows. ''In some classrooms,'' Mr. Gray noted, ''students may have
sufficient natural light.''
The rolling blackouts could hit most of the campuses of the University of
California and California State University. The two systems are embroiled in
a legal dispute with Enron Energy Services, a Houston-based company that, in
February, cut short a four-year contract to provide electricity directly to
the universities. For now, the two systems -- among the largest energy
consumers in the state -- are being supplied by Pacific Gas and Electric and
Southern California Edison.
Though several medical centers and the Davis, Los Angeles and Riverside
campuses of the University of California system are exempt from the
blackouts, the rest of the campuses have been put on alert.
At Berkeley, the warning from Mr. Gray only heightened pre-exam stress
levels.
''Stopping in the middle of a final would be detrimental to my grade because
I save the hardest questions until the end,'' said Heidi West, 20, a
sophomore majoring in political science.
Aaron Chung, a senior studying cognitive science, said it would be unfair to
grade half-finished exams because he often circled answers instinctively,
planning to return later with more care. ''The only thing I don't have a
problem with is if the professors give everyone A's,'' Mr. Chung, 23, said.
''You have to be under a lot of duress for that to happen.''
Gary L. Firestone, a biology professor, said he would move his 500-member
class out into the sunshine and tell students to spread their blue books on
the grass. But Jeff Good, a graduate student who teaches Introduction to
Syntax and Semantics, said he would probably cancel the exam because the
final counts for only 20 percent of the grade.
That is what Michelle Chen, a junior linguistics major in Mr. Good's class,
is hoping for.
''I would love a blackout,'' Ms. Chen said. ''I'm going to turn on my
air-conditioner. My toaster, too.''
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Business
British Telecom
Patience Wheatcroft
05/12/2001
The Times of London
News International
Final 4
55
(Copyright Times Newspapers Ltd, 2001)
BRITISH TELECOM has inflicted enough damage on itself in the past year. But
others are still lining up to put the boot in. Hours after the company
announced a Pounds 5.9 billion rights issue and the separation of cash-hungry
BT Wireless, Moody's Investors Service lowered BT's credit rating. This
thumbs-down will cost BT an extra Pounds 35 million a year on existing loans
as well as making future working capital more expensive.
The timing is odd. One of the two other main agencies presented with the same
BT proposals maintained its rating and the other edged it down so little that
change-of-rating clauses were not triggered. In the meantime, the market
prices of BT debt have been rising. The Enron Cost of Credit, which measures
the overall risk premium on BT borrowing, has halved since mid February. Such
costly inconsistencies must focus more critical attention on the agencies,
whose power has grown out of proportion to their accountability.
Moody's verdict is, however, peanuts compared with the cost to BT of the
whims of Stephen Byers and the UK competition authorities. Moody's will no
doubt be aghast to learn that Yell could be worth Pounds 1 billion less as a
result.
In 1996 the Monopolies and Mergers Commission found that BT's Yellow Pages
had an 85 per cent monopoly of its market and made it sign undertakings to
cut prices by 2 per cent a year in real terms. The Office of Fair Trading has
reviewed this report; predictably, it has found that the enforced price cuts
have kept competition down and kept Yell's market share up.
The reasoning behind OFT advice that annual real price cuts should be doubled
is closed to scrutiny until Mr Byers has a new BT undertaking. But it appears
to argue that the market is still a monopoly, so Yell must be charging too
much, so prices should fall further.
The result, according to those formerly eager to buy Yell, is that a growth
business has been turned into a stagnant one, losing all momentum. This
sounds typical of the dead hand of UK regulation. It must strengthen the
resolve of BT's new leaders to remodel what the authorities so hate to the
greater advantage of shareholders.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
OUTLOOK
Outlook
Houston needs to think small about future technology
WILLIAM DYLAN POWELL
05/13/2001
Houston Chronicle
2 STAR
4
(Copyright 2001)
OK, it's test time - sort of like a breakfast-time Rorschach test for Outlook
readers. Here we go: What's the first thing that comes to mind when someone
mentions Houston?
Time's up. Your answers may have been energy, medicine or seemingly random
acts of highway closure. But how about something very, very small? While
Houston may not exactly be synonymous with all things tiny, we may want to
start giving more mind share to the world of the miniature. As technology
advances, Houston may owe a great deal to the study of small substances.
Nanotechnology is the study of creating functional structures on a molecular
scale (the prefix "nano" means one billionth, or 10 to the ninth power
numerically). Its theories and practices give scientists the means to
construct useful entities using the smallest known particle of unaltered
matter.
Before your eyes glaze over in a terminology-induced science class flashback,
you should hear some of the possibilities that this technology could afford
residents of the Bayou City and their respective commercial enterprises. The
possibilities give the works of science fiction author Ray Bradbury a run for
their money, and include producing computers the size of viruses or factories
that could fit neatly on your desk. Cancer-destroying robots could roam a
patient's innards like mounted police at a spring break celebration.
Eventually, all diseases and mutations could be eliminated. And all
manufacturing processes would become waste-free, both in terms of the
environment and from a business process standpoint.
Sound like science fiction? Maybe, but truth is rapidly catching up with
fiction. A team of university researchers recently figured out how to make a
functional switch out of a single organic molecule. Discoveries such as these
have spawned several branch fields of study including nanobiotics, NEMS
(nanoelectromechanical systems) and nanomedicine.
This technology would surely change the world. But it would especially affect
Houston. Applications for nanotechnology are a great fit for Houston's
economic landscape. The chemical industry already has begun conducting
research in small-sizing certain chemical compounds. And the energy industry,
still our darling, has great interest in the power management possibilities
of nanotech. This could be Houston's next great vehicle for economic
development.
Nay-sayers have expressed caution regarding progress in this field on two
separate fronts. First on how distant potential commercial offerings remain;
and secondly on the potential dangers of combining genetic engineering,
nanotechnology and robotics (for fear of creating self-assembling intelligent
machines as often portrayed in science-fiction movies). But too much
technological progress is happening at once for the possibilities not to whet
the appetites of the entire scientific and business communities.
Already, developmental overtures have been heard from Houston's little sister
to the north. The Dallas-Fort Worth region and its growing base of
semiconductor, light assembly and defense industries are keeping a close eye
on developments in small science. In March, a private-sector company donated
$2.5 million to the University of Texas at Dallas for nanotech research. And
a handful of Dallas-area groups have been quietly conducting research of
their own. This money augments the federal government's nearly half-billion
dollar allotment of 2001 research funding for nanotechnology. Houston has its
own projects, but they receive far less publicity.
Houston's public nanoscience efforts have been centered mostly on Rice
University's grand Turks of academia. Pushing the envelope of academic
excellence as usual, Rice's heavyweight research barons continue to generate
and distribute knowledge on the many potential applications of this exciting
technology. But as successful as they are, they receive far less publicity
and support than other less commercially significant disciplines.
On May 29, leaders from the energy, medical and technology sectors will
converge at the Houston Technology Forum to discuss various technology trends
that will affect Houston's future. Will the keynote speakers (chief
executives from Compaq, the Texas Medical Center and Enron) address the issue
of what Houston is doing to prepare for advances in nanotechnology and its
potential economic impact on the region?
I certainly hope so. Energy, medicine and technology are the terra firma of
Houston's economy. Each of these industry sectors could reap profound
benefits by bringing nanotechnology's concepts to light.
Sure, the fruits of this nascent science are still a long way off. But it's
going to become remarkably important sooner than we think. So while
Houstonians are well known for our love of largeness, it's time to think
small. Let's take a careful evaluation of what this technology could mean to
our city and its economic development.
Drawing
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
A
Panel plots new course for area's future / Education, economics, quality of
life top group's list of needed improvements
MIKE SNYDER
Staff
05/13/2001
Houston Chronicle
4 STAR
33
(Copyright 2001)
A group of prominent business executives, worried that Houston's reputation
as an unpleasant place to live imperils its future, is developing a plan to
transform the city's educational system, urban design and economic base.
The work of the Center for Houston's Future, a nonprofit group affiliated
with the Greater Houston Partnership, reflects growing concern that Houston
must reposition itself as a vibrant, desirable destination if it is to
compete in an economic climate that empowers skilled workers to live wherever
they choose.
Creating such a "livable city," leaders of the effort say, would in turn
enrich the lives of every Houstonian.
"The interests of the business community are fully aligned with the interests
of the community at large," said Eugene H. Vaughan, a money management
executive and board chairman of the Center for Houston's Future.
A report prepared for the organization by a business-based task force
recommends that local leaders challenge long-held assumptions that have
discouraged meaningful land-use planning. It sketches a vision of Houston 20
years from now in which technology and other tools have revolutionized public
education, "livable city centers" have changed the physical landscape and
current civic leaders have groomed a new, more diverse generation of
successors.
The report argues that the business community's traditional leadership role
in Houston's civic affairs should continue. But it suggests the models of
business influence that prevailed in "the old days" should be re-examined.
"Those were the days when oil was king, and Houston was the energy capital of
the world - the days when a handful of `big' leaders, including CEOs of major
corporations, could meet in a room together and decide on the future of
Houston," the report states.
"But times have changed, and there is far less tolerance in Houston's highly
diverse, egalitarian society for a hidden oligarchy to run things, no matter
how benevolent those leaders might be."
The center's board includes top executives of some of Houston's most
successful and influential companies, including Enron Chairman Ken Lay; Ned
Holmes, chairman and CEO of Parkway Investments/Texas Inc.; James Royer,
president and CEO of Turner, Collie & Braden Inc.; William White, president
and CEO of WEDGE Group Inc.; and Jim Kollaer, president and CEO of the
Greater Houston Partnership.
Vaughan said the stature of the board members is an indication that the group
is not likely to generate plans that will simply sit on a shelf.
"They've got so many demands on their time that they're not going to fool
around with something that is ill-conceived," he said.
Rice University sociology professor Stephen Klineberg, one of the experts who
advised the task force that generated the report, agreed that the center's
work could be very influential.
"This is the first time there's been a systematic, coordinated effort on the
part of the business community" to improve Houston's quality of life,
Klineberg said.
The Center for Houston's Future was created in the early 1990s primarily as a
source of research information for the partnership, Houston's premier
business organization. But its role changed about two years ago, Vaughan
said, when Holmes became chairman of the partnership and encouraged the
center to take an aggressive approach to planning for the region's future.
Last summer, the center organized three workshops attended by 36 people
representing a cross section of the business community. These 10-day,
seven-night events, led by professional facilitators and featuring various
guest speakers, produced a report outlining four possible future Houston
scenarios.
James D. Calaway, a member of the center's board, said the details outlined
in the four scenarios are intended to be "illustrative" and are not
necessarily the actions the organization ultimately will recommend. However,
they provide insight into the direction of the group's thinking, he said.
In the first scenario, based on the assumption that local planning and
decision-making proceed much as they have in the past, the workshop
participants speculate that tension between the city and suburbs increases to
the point that the Legislature strips Houston of its annexation power.
Development is greatly restricted because of failure to meet clean-air
standards, property values plummet and the City Council must pass a large tax
rate increase.
Houston becomes a stronghold of low-wage, service-sector employment, and the
gap between rich and poor widens: "For many who live there, it's simply a
large urban sprawl, adrift in the global economy, or it's a three-year
hardship post on the way to something more desirable."
Scenario two suggests that Houston's leaders transform the educational system
by developing a "Teacher Network" that delivers Internet-based educational
resources into every classroom and teacher's home in the region. This in turn
leads to a communitywide electronic educational network, with every home in
the Houston area connected to the Internet by 2007.
These efforts, combined with universal, full-day preschool care, lead to
state-of-the-art local schools by 2010, with almost universal high school
graduation rates and 75 percent of these graduates going on to college or
technical training programs.
The report does not estimate the cost of these measures or identify how they
would be funded. Potential sources, Calaway said, include local, state and
federal tax money, private grants and reallocation of funds now being spent
on more traditional educational programs.
In scenario three, local leaders take bold steps to overcome Houston's
reputation for sprawl, dirty air and lack of green space - perceptions that
hamper efforts to attract the talent needed to keep the region economically
competitive.
These leaders develop a vision of Houston based on the creation of "livable
city centers" - major activity centers targeted for redesign and
redevelopment - and the connection of these centers through "personal and
public transport in corridors that delight the eye."
Within the centers, streets are reconstructed to better accommodate
pedestrians. Financial incentives prompt developers to provide a wide range
of housing styles, including substantial affordable housing. The Main Street
light rail line is built, succeeds spectacularly and is followed by more rail
lines extending in various directions.
To accomplish these goals, the report states, local leaders must overcome
their "ingrained suspicion of planning," and the City Council must adopt
"new, more prescriptive development standards" within the livable city
centers. Early successes lead to a public referendum authorizing the
expenditure of $8 billion over 20 years to create the "livable city."
Scenario four focuses on making Houston a "crossroads of the world economy."
The city's business leadership becomes broader and more diverse, and it turns
its energy toward diversifying the economy.
The energy industry, adapting to the new economic climate, transforms its
business model and creates new, high-tech enterprises. Space, nanotechnology
and biotechnology research help launch hundreds of companies that quickly
become significant global players.
The workshop participants concluded that Houston must accomplish key elements
of scenarios two, three and four if it is to become a "true world-class city
in which to live and conduct business."
Calaway and Vaughan said the next steps will include designating committees
to develop specific recommendations in each of the broad areas studied, such
as education and quality of life. Working groups then will be established to
begin translating these ideas into policy, they said.
Although the center is focused on the long term, they said, it must produce
results as soon as possible.
"If we do not get serious about this, 20 years from now we're going to be a
low-wage environment, putting people in very, very dead- end jobs," Calaway
said during a recent presentation on the group's work to members of the
nonprofit Gulf Coast Institute.
"We've got to get the quality of life right, but we've also got to make sure
that we educate these kids for our future."
Mugs: 1. Ken Lay (p. 45); 2. Ned Holmes (p. 45); 3. James Royer (p. 45); 4.
Jim Kollaer (p. 45)
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
MSEB not to pick up 15 pc in DPC after phase II completion
05/13/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.
Mumbai, May 13 (PTI) Maharashtra State Electricity Board (MSEB) has decided
not to pick up the remaining 15 per cent equity in Enron-promoted Dabhol
Power Company (DPC), which it was earlier supposed to, after the complete
construction of the entire USD three billion power project in Dabhol.
"It is true that we had promised to take the 15 per cent, translating into
infusion of around USD 65 million and given the serious financial stress the
board is facing, it is not going to be possible for us to participate in the
phase II of the project", a senior MSEB official told PTI here Sunday.
Currently, Enron International owns 65 per cent, MSEB -15 per cent, General
Electric and Bechtel 10 per cent each.
However, MSEB is yet to send an official intimation to DPC in this regard,
the official said adding the board would inform the company soon after the
completion of the project.
DPC's USD 1.87 billion phase II would be fired on June seven, 2001, thus
marking completion of the 2,184 MW project.
DPC, which received a Foreign Investment and Promotion Board clearance in
last December for its 10.83 billion foreign Direct Investment, has not been
able to scout an alternative fifth partner for MSEB's equity.
The company had decided to off load the 15 per cent of its current holding of
65 per cent to a new entity, as according to the company's global
debt-consolidation it needed to maintain its stake at 50 per cent in DPC
after its completion.
In order to avoid any delay, Enron had agreed to meet up with the equity
shortfall as per the former's agreement with its lenders.
(THROUGH ASIA PULSE) 13-05 2001
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron plans to pull out of Gulf gas project: MEED
05/13/2001
Agence France-Presse
(Copyright 2001)
DUBAI, May 13 (AFP) - Enron Corp. of the United States plans to pull out of a
project to deliver Qatari gas to the United Arab Emirates (UAE), Middle East
Economic Digest (MEED) reported on Sunday.
Enron is a partner in the Dolphin Energy project along with the
Franco-Belgian company TotalFinaElf and the Abu Dhabi government- owned UAE
Offsets Group (UOG). Its role is to build a pipeline under the Gulf between
Qatar and Abu Dhabi.
"The profit margin for Enron would be low. At present, the Dolphin project is
being developed primarily as an upstream venture," an industry source told
MEED.
Another industry publication, Middle East Economic Survey (MEES), reported
last week that the two other partners regarded Enron's estimated cost for
constructing and laying the 350-kilometre (220- mile) undersea pipeline as
too high.
"There is talk of new partners," a source with TotalFinaElf, whose role is to
develop a block in Qatar's giant North Field, told MEED. "But whatever
happens, we are staying."
On March 14, Qatar and the UAE inked a 25-year term sheet agreement on the
project, setting the volume at two billion cubic feet (20 million cubic
metres) of natural gas per day.
Differences over pricing and volumes had put back the signing of the
agreement for two years after a first statement of principle for Dolphin was
inked by Qatar and UOG in March 1999.
According to MEES, Qatar Petroleum and UOG have finally agreed on a gas price
formula of 1.3 dollars per million BTU (British thermal units) following
"high-level political intervention from Qatar and Abu Dhabi".
TotalFinaElf and Enron are strategic partners in the multi- billion-dollar
project, each holding a 24.5 percent share in Dolphin Energy Limited (DEL),
with UOG retaining a controlling 51 percent stake.
From Abu Dhabi, the gas is to be distributed inside the emirate and on to
Dubai and Oman. An extension to Pakistan through an undersea pipeline is also
planned, as part of a regional gas network.
hc/rp
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
BUSINESS
SMALL BUSINESS / Pleasure cruisin' / Yacht fleet owner offers customers what
amounts to limo service on the lake
CAROL RUST
Special to the Chronicle
05/13/2001
Houston Chronicle
2 STAR
1
(Copyright 2001)
KEMAH - Tom Lober trundled home from second grade with a three- tiered wooden
box he'd made at school.
"This is my houseboat," he told his mother 35 years ago. "When I grow up, I'm
going to live on a boat."
His practical-minded mother put the "boat" to work as a patio plant stand
until it finally rotted from a decade of exposure.
On a recent evening, Lober stood on the bow of one of his four charter
yachts, enjoying the sunset-tinted water and a mild breeze as the 100-foot
luxury boat moved quietly from Clear Lake into Galveston Bay.
"This is what I love," Lober said, scanning a horizon dotted with distant
boats. "The others are here to party, but this is it for me."
The founder and owner of Star Fleet Entertainment Yachts spoke calmly against
the din of a mini-Mardi Gras heating up on middeck, where bead-clad
executives were letting their hair down at their annual appreciation party
for a major customer. A Mae West look- alike hired for the event meandered
among them, handing out cigars and sultry comments in her mermaid-cut white
dress studded with faux pearls and a white feather boa twirled about her
neck.
In the eight and one-half years since the 42-year-old Lober started Star
Fleet, he's seen everything from fire-eaters to hula dancers as entertainment
on the hundreds of custom cruises his staff of 70 puts together each year.
Last year, the company booked 400 cruises, which translated into $2.3 million
in gross sales, in events ranging from Gulf Coast versions of company picnics
to a bat mitzvah with a Gilligan's Island theme. One guy recently plunked
down $2,000 to charter an entire boat for a date.
One of Lober's seven captains is, handily, a licensed minister for weddings.
Star Fleet staff recently added squirt guns, Hula Hoops and limbo sticks as
regular on-board equipment.
"It's a bizarre business," Lober said. "Nothing seems unusual anymore."
Nearly all Star Fleet's cruises include dinner. His kitchen staff does the
prep work for hors d'oeuvres and main courses on land near the marina,
transferring them to a generous galley on board before customers arrive. The
galley crew does the final cooking.
Star Fleet Entertainment Yachts is one of about a dozen businesses of its
size in the country that provides strictly private charter yacht cruises, but
Lober has hundreds of competitors locally.
"I'm competing with caterers, hotels, restaurants - anyone in the eating,
drinking and party business," he said. "People say there are two things
you're never supposed to own: a boat and a restaurant. I put a restaurant on
a boat."
Last month, he launched what he believes is the first-ever water limousine, a
30-foot yacht complete with wet bar, sound system, leather couches, TV and
VCR that takes small groups to waterfront restaurants and bars, just like a
limo does on land.
Sometimes, his clients hop off and dine at one of the restaurants on the
Kemah Boardwalk while the limo is anchored beside it. In other cases, waiters
deliver the food to the boat, equipped with removable dining tables that can
seat 14, and the customers dine while cruising Clear Lake.
Lober was a natural shoo-in for a career on the water. His father owned a
supply boat business in Houston and a fleet of shrimp boats based in
Trinidad. He eventually became president of his dad's supply boat business
after getting a master's degree in maritime management from Texas A&M
Maritime Academy in Galveston in 1981.
But he still had that idea from second grade that grew from living on a boat
to providing exclusive entertainment on the water.
In 1986, he joined the Passenger Vessel Association, a national group of
vessel owners that provides public or private cruises for gaming, ecotourism
or other entertainment. He attended seminars, talked to boat owners,
researched trends in the industry and tried to figure out what it would take
to float his idea.
Lober drew up plans for a boat big enough to accommodate up to 150
passengers, but with a three-foot draft to keep from running aground in the
notoriously shallow Clear Lake and Galveston Bay.
"I wanted to be able to take that boat anywhere on the lake," which is five
feet deep in places, he said.
Bankers were skeptical when he approached them for a loan.
"This was a new business in Houston that had never been done before," Lober
said. "They had no confidence.
"I finally got to the point where I'd just take my business plan into a bank
and say, `I know I'm not going to get a loan - just look at what I've got and
tell me what it needs,' " he said.
Even without a loan in place, Lober began hands-on research. During the week,
he still worked at his father's supply boat business, but flew to Fort
Lauderdale, Fla., on weekends to work as a deck hand and food server for a
charter yacht company to learn the business from the bottom up.
After a year of loan seeking, he found a lender at the Passenger Vessel
Association's annual meeting. Caterpillar Finance agreed to lend him 60
percent of the $950,000 in construction costs if he installed Caterpillar
engines on the boat.
Construction took a year, during which Lober continued his research, serving
drinks on weekends aboard a charter boat on the Detroit River and Lake St.
Clair.
Finally, Lober launched Star Gazer in October 1993.
The maritime academy might have taught him how to navigate by the stars, but
it didn't prepare him for marketing.
"I didn't know what I was doing," Lober said. "The first year, I spent
$125,000 in marketing blunders," including a $50,000 mass mail campaign that
he called "a total flop."
Marketing was twice as expensive as he thought it would be and took twice as
long for potential customers to understand the concept he was trying to sell,
he said. Meanwhile, his boat sat in the stall for up to three weeks at a
time.
Lober had a $30,000 monthly overhead in debt service, office rental,
insurance and slip fees, and "I still had to pay it if the boat didn't leave
once," he said.
Panicked, he joined the Greater Houston Partnership to seek out ideas, and he
got one: target marketing.
He and his small staff scrutinized every detail about the people who used the
boat and set out to find more like them. He set his sights on the corporate
client, which makes up about 70 percent of his business today. Corporate
customers include Enron, Exxon Mobil, Shell, Continental Airlines and Katy
Mills mall.
"We have had our party with Star Fleet every year for five years," said Ravi
Lal, director of ethylene division of Technip, based in San Dimas, Calif.
"The first year, I wanted to do something special that I hadn't seen before.
Everybody likes it, and everybody wants to come back."
Business slowly began to build, and word spread. Lober added the 90-foot Star
Cruiser in 1997, the 74-foot Star Spirit in 1999, and brought in a fourth,
the Lake Limo, last month. Also in 1999, he bought 6 acres with 600 feet of
waterfront and built Star Fleet Marina. While part of that land is still
undeveloped, it eventually will become a parking lot for 500 cars when Lober
adds a fifth large yacht, Star Ship, sometime in the future.
"We plan to add Star Ship when we're turning down enough business from the
other boats," he said.
After more than eight years, Lober has yet to take home a salary, putting
everything back into the business.
The more he puts back, the more business he can accommodate.
But Lober and his staff still keep close tabs on their customers.
"We track everything - which individuals, what type of event, whether they
prefer sit-down dinners, how they heard about us - you name it," he said.
It's a lot of details. He knows that blackout shades, pull-down projector
screens and multiple microphone jacks are needed for presentations, and that
some clients like to be picked up at one of the Galveston hotels or other
locations on the Houston Ship Channel.
If a customer hires a deejay, a crewmember provides padding to put underneath
the CD player on the bandstand because dancing on the steel dance floor
causes the player to bounce.
Lober's three full-time cruise consultants handle charter buses to and from
the marina, limos, menus, photographers and decorations. They work with Star
Fleet's in-house florist and theme designer to provide floral arrangements
for sit-down dinners and Hawaiian leis of fresh orchids and hibiscus for a
major retailer's party, for which the florist helped transform the boat's
stanchions into palm trees.
And consultants have their own suggestions, such as bestowing captains' hats
instead of the usual corsages to employees with top sales who were being
honored at a recent floating awards banquet.
Lober believes his company's custom service brings customers back.
"They handle all the details once, and after customers go on that first
cruise, they're sold on the concept," he said. "People love something
different. We provide a different kind of party. If they do it once, they
usually want to do it again."
But cruises aren't limited to parties, Lober said. Customers have chartered
boats for banquets, retreats, new product introductions, incentive awards
dinners and for scattering loved ones' ashes.
About 60 percent of Star Fleet's business is repeat and referral. The recent
corporate party featuring the Mae West look-alike was the fifth the company
has chosen to have with Star Fleet.
Part of Lober's initial marketing problem - which continues today - is that
Houstonians just don't realize how close to the water they are.
"It's not like Fort Lauderdale, where water is part of the landscape," he
said. "In Houston, there's no high-visibility location to see the water, just
one spot on Loop 610 that overlooks the Port of Houston. Even in Clear Lake,
there are only one or two places when you drive around the lake that you can
actually see the water. We don't have a San Francisco Bay or New York Harbor.
So people have to be reminded."
He also has to deal with the misconception that only the very rich can afford
cruises, Lober said.
"Some people think they can't afford a luxury yacht, but when they compare
our complete package with upscale restaurants, hotel banquet facilities,
country clubs and wedding manors, we are quite competitive," he said. "And
our food is gourmet quality. Just like a five-star hotel, we never cut
corners."
Event cruises start at $40 per guest including food, bar, entertainment, tax
and gratuities.
Lober depends heavily on customer surveys to develop the service he and his
crew provide. And customers informally give Star Fleet staff new ideas with
some of the extras they bring aboard, such as the squirt guns, Mardi Gras
beads, Hula Hoops and limbo sticks.
"We learn a lot from our customers," he said. "We see what they do, take the
best and give it back to them."
Because customer surveys indicate that about 20 percent of Star Fleet's
business comes from being seen on the water, Lober and his captains make
their crafts as visible as possible whenever they take them out. The real
opportunity for hot-dogging comes when a customer charters two or three
boats, and they raft up to become the Star Fleet flotilla, with customers
moving from one boat to another. A three-boat charter can handle up to 375
guests.
But one boat can still do a lot of advertising.
At the recent corporate party, Mae West joined the other revelers who were
slinging Mardi Gras beads at al fresco diners as Capt. Tony DeFore edged Star
Gazer close to the Kemah waterfront. They may not have known it, but they
were doing a little of Lober's public relations work for him.
As the boat pulled back into the Star Fleet Marina, Lober pointed out a barge
under construction. When it is finished - by the end of the year, he hopes -
the bottom floor will be a galley for food preparation, the second the Star
Fleet office and the third floor an 1,800-square-foot apartment.
It will kind of resemble that three-tiered wooden box he brought home from
school years ago, Lober says.
And he's going to live at the top.
Photos: 1-2. Left: Star Gazer, first of the Star Fleet Entertainment Yachts,
launched in 1993, sets sail for Southshore Harbor earlier this month. From
left to right are bartender Bridget Byous, server Leona Clark, Cruise
Director Edith Mitchell and President Tom Lober. Below: Cruise Director Edith
Mitchell unties the Star Gazer's bow line (color); 3. Star Fleet
Entertainment yachts President Tom Lober watches server Leona Clark polish
silverware for a buffet dinner aboard the Star Gazer. Last year, the company
booked more than 400 cruises, generating $2.3 million (color, p. 4)
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
More power to reform agenda
Soma Banerjee
05/13/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)
THE electricity industry is often identified as the black sheep in the
infrastructure sector which has continued to lag behind despite an overdose
of government support.
Despite being one of the earlier industries to be opened up, private
investments in this sector have failed to take off.
Worse, the only sizeable project which was something to write home about
Enrons Dabhol Power plant in Maharashtra is currently a under cloud with its
promoters involved in a legal battle with the state entity and its sole
consumer for non-payment of bills. Policy makers and investors in the energy
sector are still groping to find ways and means to improve the performance of
this key industry.
Although private investments were expected to come in a big way in creating
new capacities, policy uncertainties and above all the poor financial health
of the consumer, in most cases the SEBs, have posed major problems for power
plant developers.
After about ten years of liberalisation, the private sector has to its credit
only about 5000 MW and according to projections by experts investments in
greenfield projects are unlikely before four to five years.
The factors that have been taken into consideration in the current projection
are almost inbuilt into the system. For one, there is a general agreement
that stressing on generation alone without doing much on the distribution
front has eroded the financial health of most SEBs.
``Private power developers cannot be expected to invest in projects till they
are assured that they will be paid for the energy produced, experts say.
But like the recent Montek Singh Ahluwalia report maintains, such reforms
cannot be done overnight and will require minimum five to seven years before
they break even.
The sector has already seen major exits like Cogentrix and Powergen and if
the current trends are anything to go by it would not be long before Enron
too says Sayonara India, claim sources in the power industry.
IPPAI, an association for private power investments, feels that the flip-flop
by the government as far as power policies are concerned have made it
difficult for investors to take decisions.
``Take this as an example at one time there were more than 200 MoUs signed up
for private power projects, the government provided counter guarantees for
eight projects, of which only three have taken off. Of this the Enron project
is already facing problems of nonpayment, says a senior source.
According to estimates drawn up by financial institutions like Power Finance
Corporation an organisation responsible for monitoring the financial health
of the SEBs and helping them with their reform programmes almost all the SEBs
have registered a negative turnover. Which is why the financing or
escrowability of SEBs across the country has been reduced to zero.
According to Union power minister Suresh Prabhu, the states are now
responsive to changes and reforms and the recent drive initiated by the
Centre to work with the state governments was expected to yield results.
But this sector has seen far too many committees which have failed to yield
much hope and it is only sheer determination of SEBs and political will that
can help this backbencher.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India Power Min: New Power Deal With Enron Unit Possible
By Himendra Kumar
Of DOW JONES NEWSWIRES
05/12/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI -(Dow Jones)- India is hopeful the Maharashtra State Electricity
Board's power purchase agreement with the U.S. energy company Enron Corp.'s
(ENE) Indian unit Dabhol Power Co. can be renegotiated and the DPC's dispute
over payments be settled, the country's federal Power Minister Suresh Prabhu
said.
In a weekend interview with Dow Jones Newswires, Prabhu said the very fact
that the DPC had come to the negotiating table for discussions on its power
price was an indication that Enron was keen to save its India project.
A special panel, set up by the Maharashtra state government, met with
representatives of the DPC, for the first time Friday and agreed to another
meeting May 23.
Friday's meeting lasted for more than two hours.
"I am of the view that a negotiated settlement is possible since the first
meeting of DPC with the Maharahtra state expert panel went off well. There
has been a positive response both from the DPC and the MSEB after the
meeting. The central government will also reciprocate by participating in a
meaningful dialogue. The next meeting will really decide on how it all goes,"
Prabhu said.
Earlier this week, in an e-mail to Dow Jones Newswires from Houston, Enron
Vice President John Ambler however, said, "While we have constantly
maintained that we are open to continuing a dialogue towards resolving
issues, this (Friday) meeting should in no manner be construed as an open
offer from DPC to renegotiate the terms of the contract."
The Maharashtra state government contends that the price paid for electricity
from the Dabhol power plant, India's biggest-ever foreign investment at $2.9
billion, is "unaffordable" and seeks to renegotiate tariffs.
A recent committee appointed by the government, the Godbole panel,
recommended that the power purchase agreement be renegotiated.
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to Dabhol charging 7.1 rupees ($1=INR46.8825) a kilowatt-hour
for its power, compared with INR1.5/kwh charged by other suppliers.
The 2,184-megawatt DPC project in Maharashtra has been mired in financial
disputes after the Maharashtra State Electricity Board, its main customer,
failed to pay the December 2000 and January bills. The Godbole panel is
working toward lowering the DPC's power tariff and allowing the sale of
excess power to the federal government or its utilities. A restructuring of
the DPC's stakeholding may also be on the agenda.
The Maharashtra government has asked the committee to try to negotiate a
revised agreement within a month. The DPC currently operates a 740-megawatt
naphtha plant contributing about 0.7% to India's installed capacity. Enron
has maintained that work will be completed by the year-end in the second
phase of the Dabhol project that will add 1,444 MW to its capacity. The plant
will switch from naphtha to liquefied natural gas as a fuel source in 2002.
Texas-based Enron has a 65% stake in the DPC and is the project's largest
shareholder. Other shareholders include the MSEB with 15%, and General
Electric Co. (GE) and Bechtel Enterprises (X.BTL) with 10% each.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: Talks begin on Dabhol issue
05/12/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
MUMBAI, May 11. OFFICIALS of Enron India today met the expert committee
headed by Dr Madhav Godbole to discuss the fate of Enron's Dabhol Power
Company.
Mr A.V. Gokak, Union Government representative, who was appointed only last
night, could not attend the meeting due to the short notice.
Lenders to the project who were to attend the meeting stayed away.
Instead, Mr A.G. Karkhanis, former Executive Director, Industrial Development
Bank of India, attended as observer on behalf of foreign and Indian lenders,
Mr Vinay Mohan Lal, Energy Secretary, told reporters here after the meeting.
When asked about Enron's reluctance to renegotiate, Mr Lal said: "They are
coming again on May 23. What does that mean?"
Though none of those present at the meeting was willing to give more details,
senior State Government officials had earlier told Business Line that the
State would be willing to discuss phase II only after a decision on the
rebate slapped on DPC.
"Basically our strategy will be to bring the Rs 401- crore rebate payable by
DPC to the centre-stage," the official said. "The company has not mentioned a
single word about the rebate in any of their letters to either the MSEB or
the State. And we, on the other hand, have discussed anything but the rebate
in our letters to DPC," he said.
Mr Wade Cline, Managing Director, Enron India, did not comment on whether the
company would issue the preliminary termination notice.
The Maharashtra State Electricity Board (MSEB) Chairman, Mr Vinay Bansal, and
Mr Lal had last evening briefed the Democratic Front constituents about their
stand vis-a-vis Enron.
They are understood to have told the political brass of the State that MSEB
does not need the second phase of the Dabhol power project.
They categorically said MSEB would not buy power from DPC-phase II, it is
learnt.
MSEB also reiterated its stand that DPC should adjust the dues owed by it
against the non-performance penalty.
Senior MSEB officials said the board had replied to the arbitration notice
issued by DPC and made its position clear. The board is of the opinion that
DPC should adjust Rs 213 crore - the December and January bills - against the
Rs 401 crore penalty for performance default.
The State Government also has backed the MSEB in its replies to the three
arbitration notices served on it. It has said that since MSEB does not accept
the charges - non-compliance with the power purchase agreement (PPA) -
leveled against it, the State is not bound to pay.
The Centre too is understood to have backed MSEB in its preliminary reply to
the conciliation notice from DPC.
Today's meeting was attended by Mr Cline, Mr Neil McGregor, President, DPC,
Mr Mukesh Tyagi, Vice-President, DPC, and Mr Sanjeev Khandekar, VP, DPC, and
Mr Mohan Gurunath, Chief Financial Officer, DPC.
Among the renegotiation panel members, Mr Deepak Parekh, Mr E A S Sarma and
Mr Kirit Parikh were also unable to attend. The next meeting is scheduled on
May 23, Mr Lal said.
Gokak nominated to panel: The Government has nominated former fertiliser and
telecom secretary, Mr A.V. Gokak, to the arbitration committee involving
Dabhol Power Company (DPC).
The Power Ministry had earlier mooted the additional solicitor general, Mr
Harish Salve's candidature for the job.
The conciliation process, however, has been hanging fire as the third
conciliator is yet to be appointed. Dabhol Power Company had written to the
Centre last month seeking six names for selection of a mutually acceptable
conciliator to kick- start the conciliation process.
DPC's letter to the Finance Ministry was seen in the context of the
substantial delay between the initiation of the conciliation process three
weeks ago and the finalisation of the conciliators. Soon after the
conciliation process was initiated, DPC decided to invoke political force
majeure and moved in for arbitration - a prelude to termination of the
project.
Our Bureau
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India to allow 3rd party sale if DPC, MSEB jointly approach
05/12/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.
Mumbai, May 12 (PTI) The Federal Government will allow sale of power to a
"willing buyer" if the Enron-promoted Dabhol Power Company (DPC) and
Maharashtra State Electricity Board (MSEB) will together approach the power
ministry with a concrete proposal for their 2,184 mw project in Dabhol.
"I will give whatever status they want, including a mega project one, if DPC
and MSEB jointly approach the Centre (Federal Government) for the same",
Indian Power Minister Suresh Prabhu told reporters here Saturday.
He said the Indian Government would extend its cooperation to the Maharashtra
government (western state) "in every way" to resolve the imbroglio between
MSEB and DPC.
When pointed out that both the state government and DPC were of the opinion
that federal power utility National Thermal Power Corporation (NTPC) should
buy the power, Prabhu said NTPC cannot do so as it was power selling entity
and not buying one.
"There is no question of NTPC buying power from the project since long term
power purchase agreements (PPAs) have been signed by NTPC with the buying
states", he reiterated.
Prabhu said the Indian Government would also try and find out potential
buyers of DPC power "if other states were willing to buy the same".
Earlier in his meeting with state chief minister Vilasrao Deshmukh, the
latter had suggested that NTPC sell the excess power over and above the
300-400 MW needed for the state from the 740 MW phase-I and soon to be
commissioned phase-II of 1,444 MW, to other needy states.
(THROUGH ASIA PULSE) 12-05 2001
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
LOCAL STORIES
DEFAZIO CALLS FOR STATE TO BUY PGE TO PROTECT RATES
DAVE HOGAN AND JEFF MAPES of the Oregonian Staff
05/12/2001
Portland Oregonian
SUNRISE
C01
(Copyright (c) The Oregonian 2001)
Summary: The suggestion generates little enthusiasm and critics suspect it's
motivated by the lawmaker's possible race for governor
"I believe this is an extraordinary opportunity and a way that we can
insulate almost a quarter of our population and a core of Oregon's business
community from the craziness that is going on in the energy wholesale
markets." -- U.S. REP. PETER DeFAZIO D-ORE.
The state of Oregon should consider buying investor-owned Portland General
Electric to help protect Oregonians from gyrations in the electricity market,
U.S. Rep. Peter DeFazio declared Friday.
Gov. John Kitzhaber reacted politely and said he'll explore the idea, but
others said it's a long shot because of political, financial and timing
factors.
Critics said the proposal appeared aimed more at attracting attention to
DeFazio's potential candidacy for governor than anything else.
Several companies already are considering buying the utility, but DeFazio
said state ownership could help keep PGE customers' electricity rates low and
generate profits that could help the rest of Oregon.
"I believe this is an extraordinary opportunity and a way that we can
insulate almost a quarter of our population and a core of Oregon's business
community from the craziness that is going on in the energy wholesale
markets," said DeFazio, D-Ore.
PGE serves about 725,000 retail customers, mostly in the Portland area, and
is owned by Houston-based Enron Corp. PGE's sale to Nevada's Sierra Pacific
Resources for $3.1 billion officially fell apart last month. Other possible
buyers include Northwest Natural and ScottishPower, which owns PacifiCorp.
While Enron and PGE officials declined to comment Friday, legislative leaders
showed no particular enthusiasm for DeFazio's idea.
"I appreciate his efforts, but I don't think it's the right idea at this
time," said House Speaker Mark Simmons, R-Elgin. He said the state already
has a package of bills aimed at spurring more energy production and
conservation.
Senate President Gene Derfler, R-Salem, said he'd be willing to sit down and
talk with DeFazio. "I would not just shut the door," he said, but he doesn't
plan to devote much work to the proposal. Derfler questioned whether state
government could run a utility as efficiently as a business.
DeFazio said a PGE purchase would offer several benefits. State ownership
would put control of PGE in local hands instead of those of a faraway
corporation such as ScottishPower. For PGE customers, state ownership would
provide some protection and stability in electricity rates. It also would be
a good investment that would pay for itself and perhaps pump revenue back
into the state's coffers.
The purchase could be financed with tax-exempt bonds sold by the state.
DeFazio said state Treasurer Randall Edwards had told him the idea was "in
the realm of possibility."
DeFazio's idea is an intriguing one and could provide some benefits, said Bob
Jenks, executive director of the Citizens' Utility Board, which represents
customers of investor-owned utilities such as PGE.
Jenks said the primary benefit would be that, if the state bought PGE, the
utility would be able to buy lower-priced electricity from the Bonneville
Power Administration, which is required to sell power at lower rates to
publicly owned utilities. However, a publicly owned PGE wouldn't be able to
buy the lower-priced BPA power for about five years because of electricity
sales contracts that already are in place.
And even if PGE were able to buy lower-priced BPA power, that wouldn't
necessarily translate to lower electricity bills for PGE customers, Jenks
said. In addition, he said it could increase rates for other publicly owned
utilities because the BPA has a shortage of cheap hydropower.
The state Public Utility Commission would have to approve any sale of PGE,
but outgoing PUC Chairman Ron Eachus criticized DeFazio's proposal, saying it
had the potential to increase rates both for PGE customers and for publicly
owned utilities. He also said it seemed designed to get political attention
for DeFazio's potential candidacy.
"I think we're in the political season where people are proposing grandiose
schemes that aren't very well thought out, and this seems to be one of
those," Eachus said.
DeFazio conceded that a high-profile proposal focused on a Portland-area
issue such as the ownership of PGE would be a good way for a candidate to
build support for a run for governor, but he said that had nothing to do with
his plan.
You can reach Dave Hogan at 503-221-8531 or by e-mail at
davehogan@news.oregonian.com.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Congressman suggests state buy PGE
By CHARLES E. BEGGS
Associated Press Writer
05/11/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
SALEM, Ore. (AP) - Congressman Peter DeFazio on Friday proposed that the
state buy Portland General Electric as a way to hold down power costs.
The Democrat outlined his plan after presenting it to Gov. John Kitzhaber,
who said he would ask his energy advisers to analyze it.
PGE is Oregon's biggest electric utility, serving more than 700,000
customers. DeFazio said a state purchase of the company could insulate many
Oregonians from "the craziness in power markets."
DeFazio said the state could buy the company by issuing revenue bonds and
have the utility operate as a public power entity.
He said the purchase would give the state a diverse mix of transmission
rights along with hydropower, gas, coal and renewable energy sources.
"While I have not exhaustively researched the proposal, it does appear to be
feasible," said DeFazio, an opponent of electric deregulation.
Enron Corp., the Texas-based owner of PGE, is trying to sell the utility.
Sierra Pacific last month abandoned its plan to buy PGE for $3.1 billion,
citing increasing difficulties in the current market and the political
environment in the West.
Kitzhaber said he's not opposed to the idea of the state buying a private
utility, as long as it would benefit consumers.
DeFazio said PGE has been a profitable company, and putting it in public
ownership could give it preference over private utilities for the Bonneville
Power Administration's hydropower.
The congressman's suggestion wasn't welcomed by the Legislature.
"Thanks, but no thanks," said House Speaker Mark Simmons.
"Philosophically, I think it's the wrong approach," he said. "We have a
bipartisan package of bills dealing with the issue."
Among those are his measure to delay partial electric deregulation for large
businesses and a bill to speed up the process for siting temporary generating
plants.
Senate President Gene Derfler didn't reject the idea, but said the
Legislature doesn't have enough time in the current session to take on a job
like a utility purchase.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. | |
e5c0850aa57b567669691d7b1562bccec65d99f8 | arnold-j/notes_inbox/48. | arnold-j | notes_inbox | 48. | <12474422.1075857630682.JavaMail.evans@thyme> | Tue, 15 May 2001 08:53:00 -0700 | 2001-05-15T08:53:00-07:00 | Re: Guggenheim/Enron Attendee list for May 17 | christie.patrick@enron.com | christie.patrick@enron.com | [
"margaret.allen@enron.com"
] | [
"edward.ondarza@enron.net",
"marchris.johnson@enron.com",
"per.sekse@enron.com",
"john.campbell@enron.com",
"gregory.t.adams@enron.com",
"marla.thompson@enron.com",
"kimberly.friddle@enron.com",
"christie_patrick@enron.com",
"john.arnold@enron.com",
"steve.montovano@enron.com",
"janel.guerrero@e... | [
"edward.ondarza@enron.net",
"marchris.johnson@enron.com",
"per.sekse@enron.com",
"john.campbell@enron.com",
"gregory.t.adams@enron.com",
"marla.thompson@enron.com",
"kimberly.friddle@enron.com",
"christie_patrick@enron.com",
"john.arnold@enron.com",
"steve.montovano@enron.com",
"janel.guerrero@e... | \John_Arnold_Jun2001\Notes Folders\Notes inbox | Arnold-J | Margy...I'm also planning to attend, along with 6 people from NYU Stern
School of business, 4 people from Columbia, and I may bring a guest.
Thanks!
--Christie. | Message-ID: <12474422.1075857630682.JavaMail.evans@thyme>
Date: Tue, 15 May 2001 08:53:00 -0700 (PDT)
From: christie.patrick@enron.com
To: margaret.allen@enron.com
Subject: Re: Guggenheim/Enron Attendee list for May 17
Cc: edward.ondarza@enron.net, marchris.johnson@enron.com, per.sekse@enron.com,
john.campbell@enron.com, gregory.t.adams@enron.com,
marla.thompson@enron.com, kimberly.friddle@enron.com,
christie_patrick@enron.com, john.arnold@enron.com,
steve.montovano@enron.com, janel.guerrero@enron.com,
jim.lowe@enron.com, douglas.clifford@enron.com,
john.haggerty@enron.com, john.ovanessian@enron.com,
wendy.king@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: edward.ondarza@enron.net, marchris.johnson@enron.com, per.sekse@enron.com,
john.campbell@enron.com, gregory.t.adams@enron.com,
marla.thompson@enron.com, kimberly.friddle@enron.com,
christie_patrick@enron.com, john.arnold@enron.com,
steve.montovano@enron.com, janel.guerrero@enron.com,
jim.lowe@enron.com, douglas.clifford@enron.com,
john.haggerty@enron.com, john.ovanessian@enron.com,
wendy.king@enron.com
X-From: Christie Patrick
X-To: Margaret Allen
X-cc: edward.ondarza@enron.net@ENRON, marchris.johnson@enron.com@ENRON, Per Sekse, john.campbell@enron.com@ENRON, gregory.t.adams@enron.com@ENRON, Marla Thompson, kimberly.friddle@enron.com@ENRON, christie_patrick@enron.com@ENRON, John Arnold, steve.montovano@enron.com@ENRON, Janel Guerrero, Jim Lowe, douglas.clifford@enron.com@ENRON, John Haggerty, John Ovanessian, Wendy King
X-bcc:
X-Folder: \John_Arnold_Jun2001\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
Margy...I'm also planning to attend, along with 6 people from NYU Stern
School of business, 4 people from Columbia, and I may bring a guest.
Thanks!
--Christie. | |
6df145f56520e119dadd6a17598addda52aa447f | arnold-j/notes_inbox/41. | arnold-j | notes_inbox | 41. | <28196685.1075857585594.JavaMail.evans@thyme> | Fri, 10 Nov 2000 08:28:00 -0800 | 2000-11-10T08:28:00-08:00 | Potential Junior Trader for you | per.sekse@enron.com | per.sekse@enron.com | [
"john.arnold@enron.com"
] | [] | [] | \John_Arnold_Dec2000\Notes Folders\Notes inbox | Arnold-J | I had Devon put together a resume for you to get an idea of his experience to
date. He's not our typical MBA Associate, but I feel he has great potential
as a junior trader. I'll call you later to discuss. Per
---------------------- Forwarded by Per Sekse/NY/ECT on 11/10/2000 04:07 PM
---------------------------
Enron Capital & Trade Resources Corp.
From: Devin_Burnett@PECHINEY.COM 11/10/2000 02:17
PM
To: psekse@ect.enron.com
cc:
Subject:
hope this is better.
its best if i speak to who ever i need to outside of the office when i can
speak a little more freely ie after 5:30 i stuck my mobile # on it
(See attached file: DKB CV.doc)
- DKB CV.doc
| Message-ID: <28196685.1075857585594.JavaMail.evans@thyme>
Date: Fri, 10 Nov 2000 08:28:00 -0800 (PST)
From: per.sekse@enron.com
To: john.arnold@enron.com
Subject: Potential Junior Trader for you
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Per Sekse
X-To: John Arnold
X-cc:
X-bcc:
X-Folder: \John_Arnold_Dec2000\Notes Folders\Notes inbox
X-Origin: Arnold-J
X-FileName: Jarnold.nsf
I had Devon put together a resume for you to get an idea of his experience to
date. He's not our typical MBA Associate, but I feel he has great potential
as a junior trader. I'll call you later to discuss. Per
---------------------- Forwarded by Per Sekse/NY/ECT on 11/10/2000 04:07 PM
---------------------------
Enron Capital & Trade Resources Corp.
From: Devin_Burnett@PECHINEY.COM 11/10/2000 02:17
PM
To: psekse@ect.enron.com
cc:
Subject:
hope this is better.
its best if i speak to who ever i need to outside of the office when i can
speak a little more freely ie after 5:30 i stuck my mobile # on it
(See attached file: DKB CV.doc)
- DKB CV.doc
|
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