Fyi

Thanks,
Johnny

 -----Original Message-----
From: 	Michael Byrne <MichaelB@acespower.com>@ENRON [mailto:IMCEANOTES-Michael+20Byrne+20+3CMichaelB+40acespower+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, June 11, 2001 12:03 PM
To:	Kevin Presto (E-mail); Palmer, Johnny
Subject:	FW: Your Offer.

John and Kevin,

In response to your counter offer of $77,500 plus $10,000 signing I must
admit it just makes it where I have to be money wise.  And ENRON is very
tempting to go work for, but I have to decline for now.  There are things
here in the works at ACES, (I am not at liberty to discuss right now) that
make it hard for me to leave for the summer months.  I have been promised a
lot of things recently, some before our interview and more since then, that
would make my jumping ship a little premature.  By the way, ACES does not
know about my interviewing with you and I perfer keeping it that way.  If
ACES does not deliver on what was promised, then I will be calling you
again!! .

I will keep the paper work just in case, and regardless of that - thank you
for the interview, it was a great experience!!! .


Michael Byrne

>  -----Original Message-----
> From: 	Michael Byrne
> Sent:	Thursday, June 07, 2001 3:29 PM
> To:	Johnny Palmer (E-mail)
> Cc:	Kevin Presto (E-mail)
> Subject:	Your Offer.
>
> John and Kevin,
>
> I have carefully reviewed your offer and worked the numbers several times
> to compare ENRON and ACES.  With my raise, my salary and annual bonus is
> raised to a point that makes your offer just not quite enough.  Add in the
> cost of living increase for Houston and I would be behind the curve.  I
> have worked the numbers and in order to be fair I would need $87,000 in
> base salary along with the $10,000 signing bonus as well as at least 3
> months severance pay in case things do not work out.  I mention this
> because the annual bonus is subjective and may or may not happen.  If you
> feel that this is excessive, I understand.  I will be worth the extra
> money, especially after this summer.  I will be learning to trade PJM,
> NYPP, and MAAC.  I will also have the opportunity to deal more with SERC
> and FRCC as well.  I am willing to consider your reply to this and will be
> able for discussion tomorrow evening.  I will mail back this counter offer
> as well.
>
> Thank you for the opportunity and I look forward to speaking with you
> soon.
>
>
> Michael J. Byrne
> ACES Power Marketing.