RE: Mid and Back Office Discussion with Calpine

Let's get a meeting this afternoon (Sally Beck, Tom Gros, Beth Perlman, Sherri Thomas, Jeff Harbert, Bob Hall), maybe around 2 or 3 with the latest draft of the presentation and go over the game plan for next Tuesday.

Your thoughts?

GP

-----Original Message-----
From: Beck, Sally
Sent: Friday, May 25, 2001 5:37 PM
To: Piper, Greg
Subject: RE: Mid and Back Office Discussion with Calpine

Informational for me, or do you want me to attend? If you don't want me to attend, would you like for me to review the presentation that you plan to give? --Sally

-----Original Message-----
From: Piper, Greg
Sent: Friday, May 25, 2001 10:54 AM
To: 'Paul Posoli <paulp@calpine.com<@ENRON'
Subject: RE: Mid and Back Office Discussion with Calpine

We will come to your office on June 5th at 4 PM.

We will give you some powerpoint on what we see happening in the industry, what it means for transaction counts, a little on how we process, what we have done for others, how it might work, etc.

Thanks.

GP

-----Original Message-----
From: Paul Posoli <paulp@calpine.com<@ENRON [mailto:IMCEANOTES-Paul+20Posoli+20+3Cpaulp+40calpine+2Ecom+3E+40ENRON@ENRON.com]
Sent: Friday, May 25, 2001 10:28 AM
To: Piper, Greg
Subject: RE: Mid and Back Office Discussion

The afternoon of the 5th works good for us. We'll be in San Jose on the
4th. How does 4:00 work for you? Let me know.
Paul

-----Original Message-----
From: Greg.Piper@enron.com [mailto:Greg.Piper@enron.com]
Sent: Wednesday, May 23, 2001 8:21 AM
To: paulp@calpine.com
Subject: RE: Mid and Back Office Discussion

Is June 4th or 5th better?

GP

-----Original Message-----
From: Paul Posoli <paulp@calpine.com<@ENRON

[mailto:IMCEANOTES-Paul+20Posoli+20+3Cpaulp+40calpine+2Ecom+3E+40ENRON@ENRON
.com]

Sent: Saturday, May 19, 2001 7:42 PM
To: Piper, Greg
Subject: RE: Mid and Back Office Discussion

Sounds good. My calendar looks like this:
Week of 21st - in all week
28th - out Tuesday - Thursday
4th - In until Thursday - leaving Thursday for a week on vacation

Let me know what dates work for you and I'll gather the necessary
people.
Beers sound great.
Paul

-----Original Message-----
From: Piper, Greg [mailto:Greg.Piper@ENRON.com]
Sent: Thursday, May 17, 2001 7:05 PM
To: paulp@calpine.com
Subject: Mid and Back Office Discussion

Paul,

Thanks for lunch a few weeks ago. Sounds like you have a ton of work
and responsibility these days.

Also, thanks for working with Gros on CommodityLogic. It is a great
application that I think will help our industry better manage the ever
increasing transaction flow.

In addition to CommodityLogic, and as a follow-up to our lunch, I would
like to come over in a few weeks and sit down and show you and your team
what we mean by "outsourcing" your mid and back office functions to our
"ProsessCo/ServiceCo." I think we have identified what types of
services we could offer and under what type of arrangements. Basically,
you have risk reporting, general ledger, deal capture, confirmation,
nominations/scheduling, volume management and settlements (invoice and
cash payments/collections). We will articulate how it works and how it
hopefully makes sense for you to let us add a few more resources to
accomodate your growing business instead of you building it from
scratch.

I also talked to Whalley and Bibi about your concerns on
security/neutrality, comparable service levels to Enron, term and the
ability to do financial easier than physical. We can go through all
that as well.

I will contact you soon and arrange a time.

Let me know your thoughts.

Piper