Message-ID: <8954883.1075856074030.JavaMail.evans@thyme> Date: Mon, 2 Apr 2001 07:01:00 -0700 (PDT) From: sally.beck@enron.com To: fariba.karimi@enron.com, matt.brown@enron.com, braedi.craig@enron.com, noor.kaissi@enron.com, nanette.kettler@enron.com, brent.price@enron.com, anjali.abraham@enron.com, shelly.stubbs@enron.com, stewart.range@enron.com, kevin.sweeney@enron.com, chantelle.villanueva@enron.com, stacie.bohanan@enron.com, laurel.bolt@enron.com, michelle.bruce@enron.com, reno.casimir@enron.com, matthew.condon@enron.com, keynan.dutton@enron.com, scott.earnest@enron.com, mark.fondren@enron.com, sue.foust@enron.com, eric.groves@enron.com, d.hall@enron.com, veronica.hill@enron.com, vera.ilyina@enron.com, william.kasemervisz@enron.com, william.kelly@enron.com, mary.morris@enron.com, michelle.nelson@enron.com, timothy.norton@enron.com, donald.paddack@enron.com, purvi.patel@enron.com, mike.perun@enron.com, frank.prejean@enron.com, salisha.ramos@enron.com, bradley.samuelson@enron.com, karen.snow@enron.com, patrick.stafford@enron.com, john.swinney@enron.com, michelle.thomason@enron.com, sony.wilson@enron.com, laurel.adams@enron.com, veronica.arriaga@enron.com, robert.bonin@enron.com, theresa.brogan@enron.com, barbara.cain@enron.com, clara.carrington@enron.com, marty.cates@enron.com, aneela.charania@enron.com, daniele.crelin@enron.com, karolyn.criado@enron.com, tammie.davis@enron.com, mary.denson@enron.com, diane.ellstrom@enron.com, israel.estrada@enron.com, julie.flahaven@enron.com, patrick.frnka@enron.com, jorge.garcia@enron.com, sheila.glover@enron.com, alexia.gonzales@enron.com, herbert.goodwin@enron.com, martha.gutierrez@enron.com, terri.harlan@enron.com, stephanie.harris@enron.com, john.hayes@enron.com, patricia.houston@enron.com, vincent.lara@enron.com, mark.leskowitz@enron.com, james.lessor@enron.com, linda.loukanis@enron.com, richard.miley@enron.com, glenda.mitchell@enron.com, jayson.mooney@enron.com, carla.murphy@enron.com, frank.newman@enron.com, marina.ng@enron.com, peter.piorecki@enron.com, ana.rizvi@enron.com, isaac.rodriguez@enron.com, melissa.rodriguez@enron.com, marilyn.schoppe@enron.com, michelle.schultz@enron.com, james.scully@enron.com, labricia.scyrus@enron.com, jefferson.sorenson@enron.com, kelly.summers@enron.com, kelly.templeton@enron.com, eric.tipp@enron.com, melissa.turner@enron.com, arlene.upchurch@enron.com, brandi.wachtendorf@enron.com, lisa.walker@enron.com, joan.winfrey@enron.com, olga.herrera@enron.com, ester.bookman@enron.com, valerie.booth@enron.com, stanton.brown@enron.com, lisa.csikos@enron.com, melia.dickson@enron.com, michael.giarratano@enron.com, kristen.hanson@enron.com, brenda.herod@enron.com, charlie.hoang@enron.com, chad.ihrig@enron.com, phaedra.jones@enron.com, maricar.jose@enron.com, jill.lafave@enron.com, jenny.latham@enron.com, laurie.lee@enron.com, shari.mao@enron.com, letha.martin@enron.com, christina.morado@enron.com, michael.moscoso@enron.com, stella.pedroza@enron.com, rey.romero@enron.com, julia.sengele@enron.com, jennifer.vanlandingham@enron.com, wesley.wilder@enron.com, yvette.connevey@enron.com, janine.kattner@enron.com, linda.silva@enron.com Subject: Enron Net Works - Global Risk Management Operations Cc: richard.causey@enron.com, greg.piper@enron.com, philippe.bibi@enron.com, dave.hill@enron.com, kathy.neal@enron.com, hector.mcloughlin@enron.com, francisco.dejesus@enron.com, sunjay.arya@enron.com, ryan.seleznov@enron.com, norma.yeverino@enron.com, john.blaylock@enron.com, janet.paz@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: richard.causey@enron.com, greg.piper@enron.com, philippe.bibi@enron.com, dave.hill@enron.com, kathy.neal@enron.com, hector.mcloughlin@enron.com, francisco.dejesus@enron.com, sunjay.arya@enron.com, ryan.seleznov@enron.com, norma.yeverino@enron.com, john.blaylock@enron.com, janet.paz@enron.com X-From: Sally Beck X-To: Fariba Karimi, Matt A Brown, Braedi Craig, Noor Kaissi, Nanette Kettler, Brent A Price, Anjali Abraham, Shelly Stubbs, Stewart Range, Kevin Sweeney, Chantelle Villanueva, Stacie Bohanan, Laurel Bolt, Michelle Bruce, Reno Casimir, Matthew Condon, Keynan Dutton, Scott Earnest, Mark Fondren, Sue Foust, Eric Groves, D Todd Hall, Veronica Hill, Vera Ilyina, William E Kasemervisz, William Kelly, Mary N Morris, Michelle Nelson, Timothy M Norton, Donald Paddack, Purvi Patel, Mike Perun, Frank Prejean, Salisha Ramos, Bradley Samuelson, Karen Snow, Patrick Stafford, John Swinney, Michelle Thomason, Sony Wilson, Laurel Adams, Veronica I Arriaga, Robert J Bonin, Theresa T Brogan, Barbara Cain, Clara Carrington, Marty Cates, Aneela Charania, Daniele Crelin, Karolyn Criado, Tammie Davis, Mary Jane Denson, Diane Ellstrom, Israel Estrada, Julie Flahaven, Patrick Frnka, Jorge A Garcia, Sheila Glover, Alexia Gonzales, Herbert Goodwin, Martha Gutierrez, Terri Harlan, Stephanie Harris, John Hayes, Patricia Houston, Vincent Lara, Mark J Leskowitz, James N Lessor, Linda K Loukanis, Richard A Miley, Glenda D Mitchell, Jayson Mooney, Carla Murphy, Frank G Newman, Marina Ng, Peter Piorecki, Ana Rizvi, "Rodriguez, Isaac" @SMTP@enronXgate, Melissa Rodriguez, Marilyn M Schoppe, Michelle Schultz, James Scully, Labricia Scyrus, Jefferson D Sorenson, Kelly Summers, Kelly Templeton, Eric Tipp, Melissa Turner, Arlene Upchurch, Brandi Wachtendorf, Lisa Walker, Joan Winfrey, Olga Herrera, Ester Bookman, Valerie Booth, Stanton Brown, Lisa Csikos, Melia Dickson, Michael Giarratano, Kristen J Hanson, Brenda F Herod, Charlie Hoang, Chad Ihrig, Phaedra Jones, Maricar Jose, Jill Lafave, Jenny Latham, Laurie Lee, Shari Mao, Letha Martin, Christina Morado, Michael E Moscoso, Stella Pedroza, Rey Romero, Julia Sengele, Jennifer Vanlandingham, Wesley Wilder, Yvette G Connevey, Janine Kattner, Linda Silva X-cc: Richard Causey, Greg Piper, Philippe A Bibi, Dave Hill, Kathy Neal, Hector McLoughlin, Francisco deJesus, Sunjay Arya, Ryan Seleznov, Norma Yeverino, John Blaylock, Janet De La Paz X-bcc: X-Folder: \Sally_Beck_Jun2001\Notes Folders\Sent X-Origin: Beck-S X-FileName: sbeck.nsf TO: All EGM and EIM employees affected FROM: Sally Beck, Managing Director of ENW-Global Risk Management Operations Last fall, the Enron Wholesale Services organization was created and announced in an organizational memo from Jeff Skilling. All wholesale companies (Enron Americas, Enron Europe, Enron Global Markets and Enron Industrial Markets) plus Enron Net Works and Enron Global Assets were included in the Enron Wholesale Services umbrella. In that organizational memo, the Energy Operations team (now Global Risk Management Operations) was moved into Enron Net Works to align our operational services, information technology and e:commerce platforms in order to offer the best quality services to Enron wholesale customers. This alignment also positions us to evaluate the prospect of packaging these services for other customers as well. With this reorganization, we continue to maintain dedicated operations teams that support each of the wholesale businesses. Since this reorganization occurred so close to year end, I suggested that we wait until January 1, 2001 to move employees under Enron Net Works. Senior management, accounting and HR agreed with this date for effecting the move to Enron Networks. Unfortunately, however, the January conversion to Networks did not get fully executed. To correct this, effective April 01, 2001, all EGM and EIM employees and non-employees who provide risk management operations services and ultimately report in to Brent Price and Brenda Herod, respectively, will be transferred to ENW - Global Risk Management Operations under company 083E. Starting April 1st, you should start using new cost centers for coding and timekeeping purposes. This will formalize the ENW-Global Risk Management Operations' structure. There are some direct effects that surround the conversion to Enron Net Works. Because you are transferring between Enron payroll companies, IRS requirements state that FICA withholding must start over. This applies only to the OASDI (6.2%) which has a maximum wage base withholding of $80,400.00 for 2001. Medicare tax withholding of 1.45% has no cap and therefore does not start over but continues as usual. The excess OASDI withholding that you incur for the year will credit to you on your 2001 tax return as withholding. Therefore, to alleviate the burden of starting over, you can adjust your Federal income tax withholding down by filing a new Form W-4 and claim additional allowances which will reduce the withholding to adjust for the excess OASDI withholding. Be sure to ask your tax advisor what additional steps you can take to balance out these changes. You may also contact the Payroll Department @ 713/345-5555 to assist you with any questions. We will continue to have dedicated HR reps who will work directly with you and your team and who will coordinate among themselves to share best practices that can positively impact all teams. If you have questions, please call the HR representative who supports your organization, as identified below relative to the business unit to which your team is dedicated: Business Unit HR Contact Phone# EGM David Hill 713/853-4218 EIM Kathy Neal 713/345-7803 EA/Global Services Frank De Jesus 713/345-3662 EA/Global Services Hector McLoughlin 713/853-6703 Thanks for your continued hard work and dedication to the success of Enron Wholesale Services.