Chris, I met with Phillip yesterday, and he had a few more items to add to his list of objectives for me. For your information, the attached table provides the additional items. Please let me know if you have any questions/comments. Also, the following e-mail from Mike Grigsby relates to the Socal sendout model objective. Also for your information, I will be running Randy Gay's EOL product (Keystone Cash) next week and will be covering for Tori K during her maternity leave. I don't expect these activities to interfere with my fundy responsibilities. Mat
Answer: Fundy's Objectives
In the spirit of the holiday season, SDG&E has come over from the dark side and now supports the assignability of direct access contracts! The utility also supports the ability of existing direct access customers to indefinitely remain on direct access after their contracts expire with one ESP, permitting them either to renew with their existing supplier or sign a new contract with another ESP. In the attached filing, the utility argues that this is reasonable and fair to direct access customers, particularly in view of the Enron bankruptcy. This will be an excellent development to reference in the comments that are due on January 4th in the DA suspension proceeding. Happy Holidays to each of you and your families! Dan
Answer: EXCELLENT NEWS!
Dear Harpreet This final follow-up letter is being sent to you as a reminder that you are eligible for PricewaterhouseCoopers' 2000 tax preparation services. Our records indicate that we have not received your completed tax data organizer. As a result, we are unable to begin preparing your tax returns, and consequently there is a risk that you may incur interest and/or late payment penalties. We urge you to complete the necessary details in the organizer and submit it to us as soon as possible. Should you have any questions or need your user name/password resent, please email enron.houston.ias@us.pwcglobal.com If you have any questions, please do not reply to this e-mail directly. Please contact your PwC representative whose details are listed below:---
Answer: Important Information from PricewaterhouseCoopers IAS-Harpreet Arora
Our contract with IGS provides that for any agreement identified by IGS and executed, TW will pay a one-time incentive fee of 3% of the first $15 million of net present value, 2% of the next $10 million of net present value, etc. The Southern contract associated with the Gallup Expansion is at a rate of $0.205 for 25,000 Dth/d for 5 years. Using a discount factor of 15%, the net present value of the contract is $6,270,625, so IGS's commission would be $188,118.75. Since the contract does not specify how NPV will be calculated (I believe we purposely omitted this for whatever reason), we will need to agree on a rate that is fair given the nature of and risk associated with the project. We should probably use whatever is standard in the industry for this type of project, if that's possible to determine. I have a call in to James Centilli for his recommendation in this regard, and will let you know what he says.
Answer:
IGS