Message-ID: <29057852.1075862294918.JavaMail.evans@thyme> Date: Tue, 3 Apr 2001 15:14:00 -0700 (PDT) From: jim.piro@enron.com To: rod.hayslett@enron.com Subject: RE: Follow Up to our Meeting Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Piro, Jim X-To: Hayslett, Rod X-cc: X-bcc: X-Folder: \RHAYSLE (Non-Privileged)\Hayslett, Rod\Projects\Portland General X-Origin: Hayslett-R X-FileName: RHAYSLE (Non-Privileged).pst Thanks. Bill Bradford is working closely with Bill Valach and he is thinking about our exposure in connection with Enron's overall exposure. Thanks for following up on this one. I think your advocacy will pay us good returns in getting access to Enron's thinking on many of these corporate wide issues. >>> Hayslett, Rod 4/3/01 4:29:04 AM >>> In response to points concerning Bill Bradford and the California exposure, here was Bill's answer: "we have discussed with Bill Valach and his team their positions in California and continue to incorporate them in our overall corporate exposures reported to management. We also continue to discuss with him the entire credit situation in the West and any actions ENA may take. I will call Bill Valach to insure this dialogue continues given the current standing of the divestiture." I'm still working on the curves issue. -----Original Message----- From: Piro, Jim Sent: Friday, March 30, 2001 11:26 AM To: Hayslett, Rod Cc: Stevens, Kirk; TURINA, MARY; Stathis, Kristin; FOWLER, PEGGY; Valach, William Subject: Follow Up to our Meeting I enjoyed meeting you yesterday and I thought the 2001 operating plan overview generated a good discussion. The meeting was a good chance for us to talk with Stan and his team about our challenges this year and the uncertainties we have around the power situation in the west. Out of that meeting came some assignments that I thought I would recap to make sure I did not miss anything. PGE actions: We will send you weekly our Position Reports (Gas & Electric) and Value at Risk (the VAR is still under development to reflect the PCA mechanism) We will send you copies of our monthly and quarterly earnings reports that we send to Corp We will prepare a full reconciliation on 2000 Plan to 2000 Actuals, 2000 Plan to 2001 Plan and 2001 actualts to 2001 plan Your Actions You will look into getting us access to Enron curves for both electric and gas for our use in calculating the VAR and for use in project economics such as small plant expansions or plant upgrades. We will also need access to the VAR models. You will discuss our California exposure with Bill Bradford to see if we are on his radar screen and whether we should be doing anything differently than our current plan to collect our receivables. You will also talk with Bill Bradford about linking us in on any decisions on credit where we might change our views of counter parties or provide us some leverage for us to get counter party agreements on credit. (Bill Bradford has had some discussion with Bill Valach who heads our credit group, so Bill Bradford might already be comfortable with how this is working) The movement of earnings for the PCA was discussed but at this point I do not believe we should do anything on this until we see a couple more months of power cost. We could look into this for the second quarter and see what the 9 month result versus the 6 month result are and see if there is any opportunities. This is the list I have let me know if I missed anything. Feel free to call me if you have any questions or need additional information on any aspects of the presentation we made yesterday. 503-464-8982