Re: PRC

Same a mid year

I'm smarter than everyone else.

Just in Case

* Managed a Trading group that is up 2 Billion (more if you included hits
taken) - probably not due to me.
* Left a lot of money in Canada - some is still there.
* Led the PPA deal - which I will resign and buy personally if you want to
turn it back.
* Created the Gas Fundamentals Group which every business unit is copying.
* Came up with LTP which everybody hates but will fix our trader shortage in
the future and every company is copying.
* Trained many great young kids in Calgary that are now key players in
Houston.
* Created structure and communication around our system strategy - brought
traders, IT, and back office together to create a plan that everyone has
bought into. The future success is unclear but the exercise was very
worthwhile.
* Had very few VAR violations and helped improve our understanding and
reporting of VAR. Completed mended the relationship between gas trading and
the risk group.
* Should get most credit for the increase in power trades on EOL and the
continuation of the increase in Gas.
* Turned the East Power group into a focused trading group not a think tank
that bets on July-Aug power price - Still nowhere near completion.
* Put a halt on the hiring of unqualified people - Have spent many hours
devising a plan to bring in qualified - experience people. You will see this
implemented in 2001.
* Experimented with the "Pay PRC" which I think was very successful. I
think this will start our organization to think a little differently and
hopefully in a way that will benefit us.
* Possibly the best accomplishment is "Killing the Dragon".

I'm glad you made me write this list down because for the first time in
months I realized that I was smiling while I was writing.

Regards

John