Message-ID: <10762119.1075852826277.JavaMail.evans@thyme> Date: Tue, 16 Oct 2001 11:09:17 -0700 (PDT) From: joseph.wagner@enron.com To: m..presto@enron.com, rogers.herndon@enron.com Subject: FW: ERCOT LSE's Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Wagner, Joseph X-To: Presto, Kevin M. , Herndon, Rogers X-cc: X-bcc: X-Folder: \KPRESTO (Non-Privileged)\Deleted Items X-Origin: Presto-K X-FileName: KPRESTO (Non-Privileged).pst Kevin and Rogers, After meeting with Ader yesterday to discuss some LSE topics and sending hi= m a polite, to the point email, I received this email response from him. T= his email completely misrepresents what was dicussed and makes me look bad = to management. I am about ready for war, so I think it is better that some= one else look at this before I do something to get fired. I have never bee= n so completely disgusted with someone who is supposed to be a figure of re= spect and authority, and is a Vice President at a company like Enron. My e= mail was addressed to Ader and Bernstein and copied Rogers and Nancy Hetric= k since these are the people who have knowledge of the subject matter. For= him to copy the people he did, and hide behind his contacts, while lying a= bout our conversation, and skewing it in a manner in which I would never ac= t, is inexcusable. I would expect more from a 4th grader. Sorry for the r= anting and raving. Kevin - Rogers is out today, so if you would like to di= scuss this further, please call me at 33143. Thanks. -Joe -----Original Message----- From: =09Ader, Jeff =20 Sent:=09Tuesday, October 16, 2001 12:21 PM To:=09Wagner, Joseph Cc:=09Delainey, David; Dietrich, Janet; Blachman, Jeremy; Holmes, Sean; Ber= nstein, Mark; Hetrick, Nancy; Herndon, Rogers; Ochsner, Preston Subject:=09Re: ERCOT LSE's Joe, I requested a meeting with you yesterday to work with you and convey what w= e have learned over the last three months by working with regulatory and th= e ERCOT ISO to utilize and create additional LSE accounts. As you were inf= ormed by Nancy Hetrick of regulatory all three currently available LSE acco= unt are committed by Structured Supply for use under currently negotiated m= asters. We requested the meeting with you yesterday to explain what we wer= e doing and why we needed the other three EES LSE accounts. We also took t= he time to explain the process for establishing new LSE accounts, under a L= LC structure which is not complicated, but the structure that the new LSE a= ccounts would be created under (SPV) is inconsistent with the masters negot= iated and EES would not be able to perform under these masters. We have tried to work with you in cooperation to accomplish your goals cons= istent with the constraints of the ERCOT rules. We have explained our need= s and the reason for them. We conveyed our interest in working together to = accomplish the greater good for the company and offered our help in any way= we could. You mark and I agreed that it would be easier to help each othe= r and not duplicate efforts. We were appreciative of your willingness to p= roceed consistent with this spirit of cooperation. It disheartens and surp= rises me that you would leave the meeting with this understanding and in ag= reement of the business situation and send an e-mail the next morning, with= out picking up the phone or stopping by to discuss this and just attempt to= dictatorially commandeer the LSE accounts that you knew were committed and= why they were committed. =20 Moreover; you told us that you thought you might need one more and you have= attempted to take three more. Best regards, Jeff From:=09Joseph Wagner/ENRON@enronXgate on 10/16/2001 09:14 AM To:=09Mark Bernstein/HOU/EES@EES, Jeff Ader/HOU/EES@EES cc:=09Nancy Hetrick/ENRON@enronXgate, Rogers Herndon/ENRON@enronXgate, Pres= ton Ochsner/ENRON@enronXgate=20 Subject:=09ERCOT LSE's Thank you for taking the time to discuss the LSE situation in ERCOT. The p= resent LSE was set up by EES and is being utilized by EWS Retail and EWS Se= rvices Group, for physical delivery in ERCOT for EES load. In order to bet= ter manage EES volume and structure growth in ERCOT, billing issues, and op= timization of the present and future portfolio, EES/EWS Retail will require= the use of the sub LSE's available under EES's existing LSE arrangement. = Structured Supply will be responsible for the creation of any LLC's that ne= ed to be created to facilitate additional LSE availability. If you have an= y questions or comments, please either email or call me (ext 33143). Thank= s. -Joe =20