Sheridan,

I am aware of the duplicate check problem and I owe you phone call 
about this. I am still trying to mobilize internal support for the valuation 
study we discussed at San Antonio. Mark Ruane whom you met, moved on
to a new job and his successor is a bit skeptical about the need for a study.
Internal Enron  perception is that we understand the process of decision making
inside big  financial institutions (or lack of it), especially in the energy area,
regarding valuation of investment projects. Any study would just reveal what we
already understand about quite simplistic tools they use: DCF with a discount
rate being subject to negotiations within a very broad band of potential
values.

It will help if I get the agenda of the conference  soon to pass it on to Jeff Skilling. It would
also help if you could write a formal letter to him.


Vince


 -----Original Message-----
From: 	Sheridan Titman <titman@mail.utexas.edu>@ENRON [mailto:IMCEANOTES-Sheridan+20Titman+20+3Ctitman+40mail+2Eutexas+2Eedu+3E+40ENRON@ENRON.com] 
Sent:	Thursday, August 02, 2001 3:49 PM
To:	Kaminski, Vince J
Subject:	RE: Spring 2001 Energy Finance Conference Participation by  Jeffrey  K. Skilling

Dear Vince:

That is great news that Jeffrey Skilling will be speaking at our
conference.  By getting Skillings involvement we should be able to increase
the quality of the conference by at least a few notches.

By the way, Shirley may have mentioned to you that I somehow received two
checks for the work I did last spring.  I went off to Hong Kong this summer
and didn't follow up on this other than to mention it to Shirley before I
left. (I just got back last Friday.) Shirley left me a phone message to
mail the check back to her.  If you can email Shirley's last name and
mailing address to me I'll send her the check.  Also, if you are interested
in having me do some work on the valuation issues we discussed at the Texas
Finance Festival please let me know.

One more thing:  The university that I'm affliliated with in Hong Kong
(HKUST) just hired a new president, Paul Chu, who is from Houston and has
some sort of relationship with Ken Lay.  The Dean at the HKUST business
school mentioned that Paul Chu was meeting with Ken Lay this summer and
would discuss possible avenues of collaboration.  If you can think of
anything that you would be interested in let me know and I can discuss it
with the Dean.

I hope you are having a great summer and look forward to seeing you when
you come to Austin this fall for our energy finance class and in February
for the conference.

regards,

Sheridan
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu