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Enron Mail |
I will not get in from Brussels till Thursday morning. Maybe a quick lunch
after "legal/regulatory" strategy meeting on Thursday, or early Thursday afternoon before we leave for Hanbury Manor? Richard Shapiro@ENRON 05/07/2001 13:42 To: Peter Styles/LON/ECT@ECT cc: Subject: Re: Re. German speaking territories regulatory effort. Let's discuss when I'm in next week- are you in London Wednesday afternoon? Peter Styles@ECT 07/04/2001 05:04 AM To: Richard Shapiro/NA/Enron@ENRON cc: Subject: Re: Re. German speaking territories regulatory effort. Things have moved on since May and Paul is now engaged with HR in recruiting one or two German national analysts/ associates for an initial rotation in our group. (Advert was placed a couple of weeks ago.) I think we will need one for France soon too, but I am holding off as long as Antoine Duvauchelle is on temp. contract with us. When you're in London next week for our offsite, suggest you touch base with Shaw and Baumerich (and Radmacher if he happens to be over from Frankfurt), as well as Thompson. I will be happy to talk to you after that on subject if you wish. Richard Shapiro@ENRON 02/07/2001 20:27 To: Peter Styles/LON/ECT@ECT cc: Subject: Re. German speaking territories regulatory effort. Please call me at your convenience. ---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/02/2001 02:23 PM --------------------------- Peter Styles@ECT 05/23/2001 11:18 AM To: Richard Shapiro/NA/Enron@Enron cc: Subject: Re. German speaking territories regulatory effort. FYI in confidence for now, if you wouldn't mind. (For some reason Baumerich did not want to copy Paul H.) I can give you the background when we next speak. (Nailia, Bruno, Teun, Brendan and I are working on some interesting appointments/ events/ visits for you w/c 4 June.) ---------------------- Forwarded by Peter Styles/LON/ECT on 05/23/2001 05:03 PM --------------------------- John Thompson 05/22/2001 08:02 AM To: Gregor Baumerich/LON/ECT@ECT cc: Eric Shaw/ENRON@EUEnronXGate, Peter Styles/LON/ECT@ECT Subject: Re: REGULATORY AFFAIRS - BOY ARE WE IN TROUBLE Gregor, as discussed, I will call after my meeting with Rabensteiner this morning to discuss. In general my assumptions and thoughts are as follows.... a) Medium term, we need to move in the direction of having local nationals - instead of AngloSaxons - as our lead face deep in the Germanic regulatory arena. Styles & Hennemeyer will, no doubt, continue to have significant leadership roles; but, there is no substitute for locals. b) As the markets get more liquid, especially as clearer national and regulatory bodies become established, the opportunity for RegAffairs value add increases - not decreases. Greater liquidity and transparency will increase the relative importance of transmission conditions. c) Market concentration is a big problem and will get much bigger. This will occupy a lot of time over the next few years. d) Inevitably, some of the people we hire will go commercial, others will not work-out and others will leave Enron. If we try for 6 to 8, we will be lucky to get 3 or 4 by year end. Of that, we will be lucky if 2 or 3 are successful RegAffairs people 2 years later. It takes 2 years to grow our own top quality professional. We are behind. e) The gas market has only begun to move. After a two year fight in that market we will then have to content with gas/power convergence which will introduce yet a new set of concentration and transmission and plant siting issues. f) Historically, our RegAffairs people have been our most effective communicators in the public arena including the media. As liquidity increases, the pressure to do deals will grow exponentially on commercial leads with the result that they will step further and further away from the public communicatioins arena. But, particularly in Europe, we will continue for a long time to need to maintain a certain level of public profile. Best done by a RegAffairs person rather than someone who should be out doing a deal. I will call later this morning. Thanks. John T. f) Gregor Baumerich 21/05/2001 14:58 To: John Thompson/LON/ECT@ECT cc: Eric Shaw/LON/ECT, Peter Styles/LON/ECT@ECT Subject: Re: REGULATORY AFFAIRS - BOY ARE WE IN TROUBLE I don't think we should make such an effort. Let's discuss.
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