I agree with Mark's points. While we have advocated our merger with PGE (which did not concentrate market power) we have intervened in opposition to most others. Moreover, there is some hope that the German government will take the opportunity to use the proposed utility merger to force greater open access. We will likely encourage that action and may oppose the merger otherwise. Most mergers in this industry are defensive, not procompetitive, and, in my view, deserve no credit for convergence, innovation, or liberlization.
Q: What is a potential subject line for this email?
answer: Speech to the British Institute of Energy Economists
Noble Relationship - Parent is Noble Affiliates, Inc. Noble Gas Marketing Inc. Financial Products with ENA (ISDA 96016637) Physical Gas with ENA (master firm puchase/sale 96001113 Guaranties: Incoming - $45mm from Noble Affiliates, Inc. covering Noble Gas Marketing Inc. benefiting ENA. Covers financial and physical natural gas, crude oil and other petroleum products. Outgoing - $10mm covering ENA for benefit of Noble Gas Marketing Inc. Covers financial products. Samedan Oil Corporation Financial Products with ENA (ISDA 96009168) Physical Gas with ENA Upstream Company LLC (GTC)
Q: What is a potential subject line for this email?
answer: Master Netting: Noble Affiliates, Inc.
Brent: In connection with the "research memoranda" which I gave to you, the specific issue about whether ENA can hold cash collateral posted by a Canadian party has arisen in connection with a company named J.D. Irving, Limited. ENA legal has spoken with Peter Keohane, two Canadian law firms and one US law firm, and previously concluded that it was easier to simply not accept cash. Please see what you can do! Thanks. Sara
Q: What is a potential subject line for this email?
answer:
Cash collateral and Canadian law