A staff meeting has been scheduled for Wednesday, April 18 from 2:00 - 4:00 pm in 3AC17C1. Please advise if you are unable to participate. Thanks
Answer: Staff Meeting
JMF, I have a discrepancy with LCRA on 10/22/01. The following notes are in the P&L... "830711,830709 . The original deal was a buy from LCRA and a sale to RESI but LCRA did not enter into Portal in time. Therefore the purchase was made from the ERCOT Imbal. market where it was purchased for $11.55." The initials in the P&L are 'GTP' We show this in the system as an ERCOT-Imbalance purchase and a sale to Reliant however LCRA claims that we should show this purchase from them. Please pass this along to the appropriate trader to clear up the discrepancy. Thanks,
Answer: LCRA discrepancy
On Thursday afternoon, I received from NRG all of the transcripts of communications that they recorded between the parties. Here is my short summary: There are six transcripts. Five of them seem pretty good for us. One is truly awful. Transcript 1 (May 4, 2001): NRG's Bill Stone talks to John Zurita about trying to come to terms on the deal. No terms are finalized. Transcript 2 (May 4, 2001): Stone calls Zurita back and proposes a price that Zurita agrees to. However, Zurita makes it clear that although many of the terms have been agreed to, "obviously we have to get agreements signed and get the lawyers involved and all that good stuff." Stone appears to recognize that the deal is not complete: "So we're really not done. Fuck." Transcript 3 (May 8, 2001): Stone simply leave a voicemail for Chuck Decker asking to get a confirm of the deal. Transcript 4 (May 8, 2001): Stone talks to Decker. Decker says: "Rogers Herndon is in charge of that. Okay? He has to put the pressure on the credit guys to get the credit shit put to bed. His words, and they're not exact, but they're pretty close to this, I consider the deal done, tell Bill the deal is done, assuming that the back offices communicate the needed information." Discussions are had about getting the credit folks together to iron out details. Transcript 5 (May 16, 2001) (THE BAD TAPE): Stone calls Zurita and sets him up, asking him a number of questions aimed at determining if there really is a binding and enforceable deal between the parties. When Stone asks "why don't you just tell me where you guys think the deal is?," Zurita replies: "I think -- I say the deal is done." Stone's next question: "Well, let me ask a question. What happens if gas goes to two bucks tomorrow? Do you still consider the deal done?" Zurita's answer: "Yep." And there's more. Stone next asks: "Are you guys going to stand on the deal for $70 for the five years? I mean, I just -- I mean, I just gotta know exactly where you stand." Zurita's answer: "The deal is done, yes." Ouch. This is not good.
Answer: NRG Dispute
One day a cat dies of natural causes and goes to Heaven. There he meets the Lord himself. The Lord says to the cat, "You lived a good life and if there is anyway I can make your stay in Heaven more comfortable, please let Me know." The cat thinks for a moment and says, "Lord, all my life I have lived with a poor family and had to sleep on a hard wooden floor." The Lord stops the cat and says, "Say no more," and a wonderful fluffy pillow appears. A few days later six mice are killed in a tragic farming accident and go to Heaven. Again the Lord is there to greet them with the same offer. The mice answer, "All of our lives we have been chased. We have had to run from cats, dogs, and even women with brooms. Running, running, running; we're tired of running. Do you think we could have roller skates so we don't have to run anymore?" The Lord says, "Say no more," and fits each mouse with beautiful new roller skates. About a week later the Lord stops by to see the cat and finds him in a deep sleep on the pillow. The Lord gently wakes the cat and asks him how was he doing. The cat replies better than I could have ever expected. And those Meals on Wheels you've been sending by are theeeeeeee best!!!"
Answer:
You can see it coming.....