Elizabeth, Background: On Wednesday, October 10, the NPUC voted to authorize its General Counsel to seek to void or renegotiate certain SPP/NP long-term power contracts by either going to court or filing a complaint at FERC. According to the utilities, the contracts are out-of-the-money by approximately $800 million. Enclosed, you'll find. . . . : Attached is a spreadsheet showing all of the physical Enron-SPP/NP deals that are (1) currently flowing or (2) scheduled for future delivery. I have left off transactions that have been completed because the tenor of SPP/NP's statements indicates that they are seeking prospective relief, not refunds. I am also going to fax to you two pages showing our credit exposure to SPP and NP. Worst case, back of the envelope, we are looking at approximately $400 million in MTM exposure for all deals. However, the prices under these deals range from $27.50/MWh to $311/MWh (the $3.60 deal is for transmission). It's extremely unlikely that FERC would (1) void every transaction or (2) reduce the price for every deal to $0. Therefore, the true amount at risk is less than $400 million. Bottom line: All in all, I think the risk of FERC undoing these transactions is unlikely for the following reasons: 1. The ALJ in the Pacific Northwest refund case rejected claims for refunds of bilateral transactions because (1) the non-California long-term market was competitive, and (2) because of the concern about "ripple" claims. Although the Commission has not yet adopted the ALJ's recommendation, I expect they will because it's the path of least resistance and has popular support. 2. SPP/NP is the only party arguing that the Southwest market is uncompetitive. This aspect was fatal to the Pacific Northwest claims because the majority of the market did not want refunds. 3. SPP/NP was not required to buy power under these contracts----unlike the California utilities, which were required to buy from the PX. Presumably, these were the lowest prices available at the time.
Answer: Sierra Pacific Power/Nevada Power
Hello everyone, More upsets in the college and pro games this week sent most people into double digit incorrect picks this week. Most people missed the Washington St/Stanford game won by Washington St; most people missed the Kansas St/Texas Tech game, won by Texas Tech; most people missed the South Carolina/Arkansas game won by Arkansas; and everyone missed the Florida/Auburn game won by Auburn. The Texas A&M/Colorado game was missed by a fair amount of people as well. In the pros, quite a few people picked Baltimore to beat Green Bay, but Green Bay won; also Kansas City was picked by some people to beat Pittsburgh, however, the Steelers won; San Diego was picked by many people to beat the Patriots, however, New England won again; the Miami/Jets and Denver/Seattle games were missed by most people and even the Oakland/Indy game was commonly missed as well. Through all that, I managed to get only 7 games wrong; Stanford, Kansas St, Florida, San Diego, Miami, Denver and Indianapolis. I am in the lead currently with 7 missed games with Dallas tonight, while 2 people missed 8 games with Washington tonight. The other 2 people still alive tonight are Steve Pan and Daniel Muschar. If Dallas wins tonight, I will win outright, if Washington wins, then it will come down to total points scored. I picked 31 total points, Steve picked 35 and Daniel 37. Therefore, I will win with 32 or fewer pts scored, Steve and I will split with Washington and 33 pts. and Steve will win with 34-35 points scored and tie with 36 pts. Daniel will win with Washington and 37 or more total points scored. I came in a close second place last week to Joe Step. My picks were given as always to Todd or Dave on Friday for verification. There were a record 34 people in the pool this week, therefore the prize is $68. This coming week and next week there is a pro game on Thursday night because of the baseball playoffs. Therefore, I will hand out the pools this week and next week on Tuesday and they will be due before I leave on THURSDAY afternoon. Finally, here are the results of this past weekend's picks with the number missed by each person after their name. Andy Andy Pace 7 Daniel Muschar 8 Steve Pan 8 Jason Kaniss 8 Paul Broderick 8 Rick Broussard 8 Bryce Schneider 9 Joe Step 9 Pat Hanse 9 Larry Campbell 9 Todd DeCook 9 Joe Brewer 10 Joe Quenet 10 Valerie Ramsower 10 Ryan Williams 10 Russell Ballato 10 Michele Wilks 10 Reagan Mathews 10 Miguel Garcia 11 Rob Benson 11 Paul Thomas 11 Jaime Gualy 11 Dean Laurent 11 Dave Ryan 11 Larry Jester 11 J.D. Kinser 11 Rudy Acevedo 11 Kevin Cline 11 Mike Roan 11 Thomas Lowell 12 Carter Ellis 12 Gerald Gilbert 12 Don Baughman 12 Mike Grubbs 12
Answer: results of football pool
Sally - We would like to begin tracking & measuring volumes transacted and settled in the retail business - by commodity. Can we discuss how to get our arms around this and when we can begin to see weekly, monthly, quarterly data? Thanks - Dan
Answer: Retail Business Commodity Volumes
Dear Kathy, I have checked your Terminal Server. The setting is ready for UBS. I also copy some pure libary file or application without Enron records back to the system and your Terminal Server. The Excel Version Position manager is ready for used. DprAutomation has been changed. The changes are on the production files. Please let us know if there is any problem.. Thank you!
Answer:
System setting and files for Alberta