With the departure of Greg Wolfe and Holli Krebs, it is necessary to reestablish responsibilities to assure our continued success. To this end: Chris Foster will assume responsibility for the Services Desk in addition to retaining overall responsibility for the Middle Market Coverage Group. Although he will continue to provide leadership to John, Paul and Stewart in managing the Middle Market Coverage effort, Chris will focus his day-to-day efforts on our Services business. John Malowney, Paul Choi and Stewart Rosman will be taking a greater leadership role within the Coverage Group. Within this coverage group, John Malowney will assume a leadership role for Industrials throughout the WSCC, Stewart Rosman will assume responsibility for public utilities, IOUs and public/federal utilities in the Northwest and Northern California and Paul Choi will cover these same sectors in the Southwest and Southern California. Although each of these individuals will take the lead in assuring coverage for their market segment, it will be done on a collaborative basis to take advantage of individual relationships and talents and to make sure there is back-up if someone is out of the office. Additional personnel will be hired in the Middle Market Coverage Group within the next month. Job postings will be made shortly. Bill Williams will continue to manage the Real Time Group and will now report to Tim Belden. Lisa Gang will move into the Services Group to help manage our scheduling agreement with El Paso and provide support for other services arrangements. This will be effective September 10. Lisa Gang, Les Rawson, and Stan Cocke will report to Chris Foster and endeavor to expand our already successful Services business. While we will miss Holli and Greg personally, I have complete confidence that the new energy and fresh ideas that their departure brings will assure our market leader position will not compromised.
Answer: Organizational Announcement
Erik - Below is a form NDA for Cargill/CommodityLogic. The form is Cargill's form and mirrors the agreement we reached earlier this year between Cargill and NetWorks. That agreement was negotiated with Anne Pedrero with Cargill eVentures in San Mateo, CA. Whether or not she is the individual who should look at this agreement is up to the personnel you are dealing with at Cargill. I would suggest, however, that if another legal person does get involved, that they be instructed to contact Ms. Pedrero to verify the terms of the agreement previously negotiated. Please let me know if you should need anything further -- phone calls are okay.
Answer: Cargill NDA
Dear New Dynegydirect User, Per our conversation, this email is being sent as a confirmation of your new Dynegydirect ID and password. Your ID must be typed in all caps and the password must be in lowercase. You will be prompted to change the password to one of your choosing during the initial login. Below is your ID and password which must be entered exactly as shown. Dynegydirect ID- EGLSBECK PASSWORD- password1 The following requirements must be used when changing your password and setting up new users. Password requirements: Minimum: 6 Maximum: 15 Must contain alpha/numeric characters UserID requirements: Minimum: 6 Maximum: 30 Required Format: User ID should consist of: ? First 3-characters identifies the company (usually represented by the company's ticker symbol ( i.e., WRI) ? The first letter of the users first name followed by the first 4 letters of the last name (i.e., WRIGUMSC) all upper case ? Duplicates can be identified with a number ( i.e.,WRIGUMSC1) During our conversation, you provided an authentication answer. Please verify the accuracy of the following information. Authentication Question: What is your mother's maiden name? Authentication Answer: XXXXXXXXX If you experience problems logging into Dynegydirect, contact an e-care representative at the number below.
Answer: Notification of Dynegydirect New User ID
I've gone back through the ISDA Credit Support Annex and the "green book" and my conclusion is that unless we modify the standard form, we have to give an Independent Amount back to the counterparty when we go out of the money far enough (note that the definition of Exposure results in a negative number when we are out of the money reducing the Credit Support Amount below the Independent Amount). The theory there is that as the market moves against us, we are cushioned by our "out-of-the-moneyness" and will be able to ask for support as the market moves back in our favor before we are actually in the money. I'm afraid that Credit has been operating under the assumption that we get to keep Independent Amounts until the Transaction terminates. We need to set up a system with Credit so we all know what is meant on the credit work sheets -- i.e. whether a cushion or up-front amount should be
Answer:
Independent Amounts