Here is the provision in the tariff for Imbalance Trading: Subject to the provisions of Section 17.3(h) above, Customers may resolve their monthly transportation imbalances by trading their imbalance with another Customer. If requested by Customer, Texas Gas will post imbalances available for trades on its EBB. Customers trading offsetting imbalances must provide Texas Gas a notice of their agreement to trade imbalances in writing and signed by both Customers. All imbalance trades must be completed within ten (10) days of the date Texas Gas renders notice to Customer as to their monthly transportation imbalance. Customers must make-up in-kind or cash out all monthly transportation imbalances not resolved through trading in accordance with Section 4 of these General Terms and Conditions. Since the imbalance data sent to ENA was dated November 10th, then it appears that TODAY would be the last day to trade this imbalance. STEPHANIE -- Can you verify this imbalance trading deadline with your TGT rep ? Does TGT post the imbalance data earlier in the month on their nomination system ? If so, then the deadline could have already passed to trade the imbalance.
Answer: TGT - Imbalance Trade provisions
Attached, please find the 2001 ISDA Cross-Agreement Bridge, blacklined against the last version you received, dated July 26, 2001. In addition, please find a copy of the Commentary on the Bridge. As many of you know, various working groups prepared amendments to the ISDA Master Agreements to be effected through the use of a 2001 ISDA Master Agreement Protocol. In connection with this effort, the Structural Issues Working Group prepared the Cross-Agreement Bridge. Following meetings of the Strategic Documentation Review Task Force in late July and discussions in August and September, it was felt that the Protocol approach was too complicated, from an operational and logistical perspective, given the nature and the number of the proposed amendments. Accordingly, it was decided that the four euro annexes would be separated from the Protocol and compiled in their own 2001 Euro Protocol. The 2001 Euro Protocol is now available on our website and the adherence period ends on November 30, 2001. Annexes 1 to 9 of the Protocol have been prepared as a Form of Amendment to the ISDA Master Agreements. The Form of Amendment, and the Commentary, will be published on ISDA's website late this week or early next week. Work is scheduled to begin on a new Master Agreement and kick-off meetings to discuss the new draft Master Agreement will be held in London later this year. Details will be announced to the Documentation Committee soon. As for the Bridge, it was felt that we should publish this on our website as well. Accordingly, I have attached the drafts for your review. Please note that the "option to disapply" was deleted in this draft, primarily because the version of the Bridge considered by ISDA's netting counsel in late 2000 did not include such an option. I would be grateful if you could review the attached documents by Friday, November 2. I would like to publish these on our website on Monday, November 5. Please do not hesitate to contact me at 212-332-1203 if you have any questions. Thank you very much for your consideration. Kimberly Summe - Marked up version.DOC - Commentary on Cross-Agreement Bridge.DOC
Answer: ISDA Cross Agreement Bridge and Commentary
Please find attached EES' revised Cash Forecast for 12/17/2001. This has been updated to reflect new estimates for Gas and Power Purchases to get us through the holidays. Also, I put in $10MM of EFS receipts for tomorrow as it is my understanding that there is that much additional received not yet deposited. I have not forecasted any disbursements for Wed - Friday assuming they get in. Wade
Answer: REVISED EES 12/17/2001
Hi John, Thanks for your call the other day. The team is currently focused on getting the funding approved, as you can see from the attached. Also, we have had some discussions with Fuel Cells about the contract to purchase the equipment. I expect to forward a draft to you soon for a sanity check. It may be a Connecticut law contract due to the State's involvement. The next big item will be the project development agreement. The tax credit monetization is still on the horizon, and if the funding approval is granted, we will want to talk about your sense of how that might work. Again, thanks for checking in.
Answer:
CRRA Request to Reopen