Message-ID: <18471852.1075848322649.JavaMail.evans@thyme> Date: Tue, 2 Jan 2001 07:04:00 -0800 (PST) From: kayne.coulter@enron.com To: jay.wills@enron.com, cyril.price@enron.com, john.kinser@enron.com, rudy.acevedo@enron.com, richard.hrabal@enron.com, wayne.herndon@enron.com, juan.hernandez@enron.com, greg.trefz@enron.com, miguel.garcia@enron.com, russell.ballato@enron.com, joe.stepenovitch@enron.com, joe.errigo@enron.com, doug.miller@enron.com, larry.campbell@enron.com, keller.mayeaux@enron.com, chad.starnes@enron.com, dean.laurent@enron.com, don.baughman@enron.com, lawrence.clayton@enron.com Subject: New P&L Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Kayne Coulter X-To: Jay Wills, Cyril Price, John Kinser, Rudy Acevedo, Richard Hrabal, Wayne Herndon, Juan Hernandez, Greg Trefz, Miguel L Garcia, Russell Ballato, Joe Stepenovitch, Joe Errigo, Doug Miller, Larry F Campbell, Keller Mayeaux, Chad Starnes, Dean Laurent, Don Baughman, Lawrence Clayton X-cc: X-bcc: X-Folder: \Edward_Baughman_Nov2001\Notes Folders\Discussion threads X-Origin: BAUGHMAN-E X-FileName: dbaughm.nsf The new P&L is in the following directory under NT Explorer: M:/Electric/24hour/application/PandLNew.exe. There have been many great ideas and suggestions on how to handle the new reorg. There is one thing to remember in all of this, we are still a team and even though you have your own p&l for whatever region that you are responsible for we are all still responsible for Enron. Below is a list or guidelines on how to handle the different situations. The hourly books are Northeast Hourly, Midwest Hourly, Southeast Hourly, and Ercot Hourly. There is no more Short Term Hourly or Short Term Hourly Management. 1. Any incremental deals that are done will go into the P&L and EnPower under the SINKS region and at the end of the shift there will be an annuity done between the appropiate regions. For example: AEP-TVA-SOCO Everything will go in the Southeast Hourly book. Then Southeast Hourly will do an annuity to give Midwest Hourly their share. Everything will be split down the middle. 2. Any positions that we inherit will go into the region where the position is and then there will be a Book Transfer done to balance everyone. For example: ENWC is long 100 mw's. The transmission and sell will go in the Midwest Hourly P&L and Book in EnPower and then a Book Transfer will be done between Midwest Hourly and whatever book that the position is in. 3. We had a situation today where Hourly Northeast wanted to buy the ENWC position to take to PJM and his bid was better than the market. The correct way to handle this would be that Hourly Midwest to sell Horly Northeast the power at ENWC. Hourly Northeast would put a buy from Midwest Hourly, the transmission, and the PJM sell in the Northeast Hourly book and P&L. Midwest Hourly would put a sell to Northeast Hourly in their P&L and book and then would do a Book Transfer with the responsible book of the ENWC position. It is very important that we learn EnPower like the back of our hands. Tresa Allen's group will no longer baby sit us, it is now our responsiblity. It is crucial that you understand what book that positions are in, Some positions could be in multiple books. Corry has told me that the scheduler's will try to put what books are responsible for what positions on their lotus notes that they put out. You can also look the deals up in EnPower. EnPower is a process that shows how acurate you are and whether or not you can pay attention to detail. If you have any questions please let me know I am available 24/7. Thanks Kayne