Hi, Guess you are back safe and sound. Hope you enjoyed the trip. We are full of allergies again. Robert Thornton works for the NBC affiliate in TYLER . It is KETK but for some reason I can't access them on the computer. He is the morning weatherman. Dark hair, thin and glasses and appears to be about the right age. Lyn is still having problems and is miserable. More later. Mom
Answer: tv
Here is an email: USA: UPDATE 1-PG&E utility gives Calpine debt priority status. 07/06/2001 Reuters English News Service (C) Reuters Limited 2001. (changes 1st paragraph, adds details, company statement) SAN JOSE, Calif., July 6 (Reuters) - Independent power generator Calpine Corp. said on Friday that its contracts with Pacific Gas and Electric Co. will be altered, ensuring that Calpine will continue to supply power to the bankrupt California utility and that it will get paid more than $250 million for power already sold. Calpine stocks rose more than 14 percent, or more than $5, to $43 after the announcement. As part of the contract modification, the $267 million, with interest, that the utility, a unit of PG&E Corp , owes Calpine in past due receivables under the contracts, will be elevated to "administrative priority status," a claim which is paid before any other general unsecured creditors. Calpine will get the money, in a lump sum, as soon as PG&E has a confirmed reorganization plan, which can take as long as four to six months from now, Calpine said. The move is also a step in the process of untangling California's energy crisis, which stemmed from a flawed deregulation plan that has hit the state with a series of rolling blackouts. Under the agreement, Calpine will continue to receive its contractual capacity payments, but it has also set up a fixed rate contract for the next five years of about 5.37 cents per kilowatt-hour. The contracts are known as qualifying facility contracts because Calpine's power plants are qualifying facilities. These types of facilities represent more than 20 percent of the state's power supply and sell power generated from renewable energy sources to the regulated utilities. "Calpine is the first power company to modify its QF contract with PG&E to ensure that Northern California consumers will continue to benefit from these affordable and reliable energy resources," Calpine senior vice president James Macias said in a statement.
What is a potential subject line for this email?
A: PG&E utility gives Calpine debt priority status.
Q: Subject: 11 Importance: High You have got to read this..........too much......read until the end...... > Original Letter: > > The date of the attack: 9/11 - 9 + 1 + 1 = 11 > September 11th is the 254th day of the year: 2 + 5 + 4 = 11 > After September 11th there are 111 days left to the end of the year. > 119 is the area code to Iraq/Iran. 1 + 1 + 9 = 11 > Twin Towers - standing side by side, looks like the number 11 > The first plane to hit the towers was Flight 11 > > I Have More....... > State of New York - The 11th State added to the Union > New York City - 11 Letters > Afghanistan - 11 Letters > The Pentagon - 11 Letters
Propose a subject line
A: this is way funny
IN: Miguel, As we analyze what and how to deal with your next cargo requirements, we need the following information: - Current levels of inventory at Procaribe, broken down between your own and Eco's product - projected as of end of September (please provide basis; i.e., levels of as of the actual date that you provide data plus your projections through end of the month on withdrawals/uses) - Projected sales volumes for the months of October, November, December and January of next year, including (and this is very critical!) the basis for your projections. I am going to be interested in looking at your assumptions for both Progasco (now Tropigas) and Empire volumes, if any. - Please ensure that your San Juan Gas volumes have been signed off by Federico. We need this data as soon as you can so that we can begin to look at cargo options and/or evaluate the decision to borrow from Eco. Thanks and Regards, Mariella Paul, Believe it or not (yes, call me crazy! ), I went home last night and continued to study the examples of hedging you were so kind to walk us through and arrived at the following conclusions, which I would like for you to correct me on and/or confirm my thought process. - First, given the added uncertainty of Procaribe's volumes (sales) now that Progasco is owned by someone else, unless Miguel can guarantee (through some form of written agreement) that he will have Progasco's volumes, I think we should be more open to or more inclined to borrow Eco's volumes (clearly, we wouldn't do so if the curve looks awful - then it becomes an issue of cash flow vs. product pricing optimization). - Second, it seems to me that you wouldn't me too inclined to try to fix the cost of your product bought from, say, PDVSA, unless you are very concerned about an increasing curve (right around the 3 days surrounding the bill of lading) that will not necessarily stay long enough to keep your "sales" curve up to guarantee a margin. In fact, you would likely wait and continue to watch the curve and either not act at all or act shortly before the bill of lading dates. Now, in your May hedging example, if you actually compare the hedged vs. non-hedged results, it tells you that you were better off with a no hedge on the earlier months (month for which data on the revenue side was known and most of the curve deciding your price to PDVSA was also known). Then, my question is: why did we decide to hedge that volume when the hedge was put in place on 5/9, only a week or so before the actual bill of lading date? Do you remember what was concerning us? - Third, it seems to me that, on the May hedge, (the second part of the volume) someone lost big time - I could be wrong, but what I'm looking at is the fix we got (Suzanne got) in return for the floating; the fix rate was much higher than the actual MBv figures for the months of June and July (this assumes of course the Enron didn't turn around and laid off that risk on someone else). What I am trying to say is that, there appears to have been something going on with the curve on or around 5/21 that changed dramatically once actual figures were recorded. Do you remember? - Fourth, it seems to me that your swaps were being built around a primary objective (beyond risk protection): to deliver approximately 5 cents per gallon margin to Miguel. Anytime we have that opportunity, we should grab it. That's all for now - - I'll keep studying this ... What I am trying to do is draw some conclusions as to the circumstances under which we will want to swap the purchase cost (it's clear to me that, most of the times, once you know what your cost is, you will try to lock in your margin by doing a swap using your revenue stream; i.e., the Mbv basis). Thanks again for all your time and patience.

Generate a subject line.

OUT: Procaribe's next cargo
Subscription probe for list AllActiveMA (larry.may@enron.com:19) This is a periodic automatic posting from the AllActiveMA mailing list. Do NOT reply to this message unless you want to be unsubscribed from this mailing list. Your current settings for the AllActiveMA are: Automatic acknowledgement of list postings: No Conceal your email address from queries: Yes Digest mode: No Send mailing list messages to you: Yes Send your own mailing list postings to you: Yes You have posted a total of 0 messages to the list since subscribing on 10/26/01 15:28:15. For a list of valid mailing list commands, please send a message to ListCaster@LISTSERV.AMUNET.EDU with the word "HELP" in the message body.
Answer:
Subscription probe for list AllActiveMA (larry.may@enron.com:19)