QUESTION: Venona, I have discussed the warranty issue with my attorney and he suggested the following be used as Section 8.5. The language in this section allows for gas from outside the state. Please advise. The following representations and warranties shall apply to Transactions under the stated conditions: (i) if Company is Buyer, Seller represents and warrants to Buyer that all Gas will have been produced (a) within the state of Texas and will not have been commingled with other Gas which is or may be sold, consumed, transported or otherwise utilized in interstate commerce in such manner which would subject an intrastate Transporter to the jurisdiction of the Federal Energy Regulatory Commission or any successor authority under the Natural Gas Act of 1938 or (b) outside of the state of Texas with any transportation on an interstate pipeline having been conducted under Section 311 (a)(1) of the Natural Gas Policy Act and (ii) if Company is Seller and the Delivery Point(s) for the Transaction are not interstate interconnections, Buyer represents and warrants to Seller that none of the Gas will be sold, consumed, transported or otherwise utilized outside the state or sold to another party which will subsequently sell, consume, transport or otherwise use the Gas outside the State where such event would subject an intrastate Transporter to the jurisdiction of the Federal Energy Regulatory Commission or any successor authority under the Natural Gas Act of 1938.
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ANS: Warranty
An interesting piece of information from the oil markets. Iraq is trying to extract concessions from the US and threatens to shut down production as of Oct 1 (just in time for the US elections). The source of this info is Phil Verlaeger (an oil analyst). He is very good but excessively concerned with Iraqi machinations. He is the source of news (reported by Friedman of the New York Times in his op-ed columns) about massive Iraqi trading in the oil futures markets. I personally discount this info: the volume and transparency of the oil markets would not support this type of huge scale operations by Saddam's government. There may be some trading by Iraqi officials on the side. Vince
Q: What is a potential subject line for this email?
answer: Iraq and Crude Output
Chris Calger and I will be holding a series of meetings with employees today and tomorrow to communicate what we know about how the merger with Dynegy will impact the West power operations in Portland and San Francisco. Chris will meet with his team this morning at 9 AM in the Mt. Hood conference room. All employees who report in to Chris' organization should attend this meeting. In addition, Structuring, Renewables, Human Resources, and the 4th Floor Legal team should plan to attend Chris' meeting. Tim will meet with his team this morning at 10 AM in the Mt. Hood conference room. All employees who report in to my organization should attend this meeting. In addition, Risk, Credit, IT, Government Affairs, and the 3rd Floor Legal team should plan to attend Tim's meeting. If you are unsure which meeting to attend please ask. We realize that many people are out today due to the Veteran's Day holiday (no cash trading or scheduling today). We will have another meeting tomorrow morning for people who were unable to make it to meetings this morning. We will announce the time and place of that meeting soon. We recognize that the last couple of weeks have been unsettling for many people. Our goal over the next couple of days is to get back to business as usual. There are no mandatory layoffs planned for this office. Chris and I met with John Lavorato, Louise Kitchen, and Greg Whalley over the weekend. Their marching orders were clear -- go back to Portland and get back to work! As we mentioned in the all-employee meeting a few weeks ago, this office has a reasonable cost structure and is very profitable.
Answer: What Does the Dynegy Merger Mean for West Power?
Here is an email: Z6 to Z6 Contract Volume Comment 3.4367 16.500 Leidy to PSEG 3.4367 40,000 Segmented Leidy line (Z6 to Z6) space Z6 to Z1 3.6367 20,000 FT Backhaul space Long Haul to New York .7537 30,000 Z3 to Z6 .7537 21,100 Z3 to Z6 (Total 40,000 telescoped x 58% less 2100 of Z2 to Z3 space) .7537 12,100 Z2 to Z6 (Total 40,000 telescoped x 25% + 2100 of Z2 to Z3 space) .7537 6,800 Z1 to Z6(Total 40,000 telescoped x 17%) 70,000 Total delivered to Z6 New York Long Haul to Non New York .7537 3,000 Z3 to Z6 Other .7537 60,000 Segmented 4 to 4 space .7537 128,600 Segmented 3 to 3 space The numbers above do not include the Atlanta Gas Light space. And we should be getting 17,000 dth of Z3 to Z4 space from MGAG. I have not seen this space posted yet so the earliest we will be able to get this space is tomorrow afternoon.
What is a potential subject line for this email?
A: Trco Space for August
Q: Per my conversations with Mark Taylor, we should continue to put any weather trades done online under any relevant master agreement with the counterparty. Further, there is no prohibition against doing a trade online with a counterparty when we do not have a master in place. Any non-master trades would go under the respective GTC. It appears to be only a coincidence that we are trading online only with counterparties we have masters in place with.
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A: Online Weather Trading
Here is an email: January 29, 2002 The TEXAS EASTERN TRANSMISSION (TE) South Pass system has been scheduled to capacity for gas day Wednesday, January 30, 2002. As a result, no nomination increases from the physical meters on the lateral will be allowed. The South Pass meters are listed below: METER METER NUMBER METER NAME OPERATOR
What is a potential subject line for this email?
A:
TE South Pass at capacity