QUESTION: See attached items (clean and redline), including a general flow chart. Tax: I am providing you a copy as a heads up in respect of consideration of Canada tax issues. Stephen, these issues were previously developed when we closed the PGE master. Can you provide to me a short memo describing the resolution of the issues (my recollection is that resolution resulted in a post agreement tax letter agreement to be devised by you and tax counsel at Blakes.) Accounting: Information purposes. Joel: Financing issues. Others: Please review and comment on what is hopefully close to a final draft. Thank you everyone.
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ANS: Draft of Master Netting Agreement Form
Vince, I was just thinking about the subject project that you were trying to get off the ground (even though no commercial support existed!) that I worked on initially. I know you were trying to get this done before I arrived and then followed my effort with at least one other person. I think the reason we could not complete a comprehensive project was we did not have the mandate from the CEO office to do it so that relevant commercial and functional entities can provide the required information. Perhaps the reason there were no major thrust from the management was that most people knew the answer was going to be less than desirable. However, such information would have correctly priced the risk (to the shareholder not its agents--the management) so that we could have better managed the $20 Billion or so company specific (taking systemic market down turn, including telecom exposure, out) market value that perished.
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answer: Enterprise-wide Risk Management
Fred, I suggest a phone call among the team today to make sure we are all on the same wave length. What is your schedule? Thanks,
Answer: PSEG
Here is an email: I am definitely interested in the parking space at the Met. Please let me know if it is still possible for me to acquire a space. Thanks,
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A: Parking
Q: Jeff: First of all - greetings from Portland!! I don't know if you know this, but I moved here last week. My new number, by the way, is 503-464-5073. Several months ago, we briefly discussed a CEERT initiative to allow direct access for retail customers choosing green. This is referrenced at the end of this article. Do you know if they have come out with a formal proposal? Would they try to push it via a bill introduced next session (January, right?)? Thanks!
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A: Question - Green-Energy Firms Seek an Outlet
Here is an email: Hi Everyone, I have accepted a position with Duke Energy and will be starting there effective Monday, January 21st, but before I go I wanted to let you all know how much it has meant to me to be able to work with such outstanding people as yourselves over the years. I will miss you all and I sincerely hope our paths continue to cross in the future, both professionally and personally. I wish you all the best...
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A:
Fond Farewell