QUESTION: Confidential - Attorney Work Product/Not Discoverable A. PGE I. Termination Rights Based on the Failure to Post Collateral It is possible that we could terminate the following contracts based on PGE's or one of its subsidiaries's failure to post collateral as required by the underlying contracts": 1. PG&E/ENA - Financial ISDA - Enron exposure $23 million 2. PGET Power/EPMI - Physical power - Enron exposure $215 million 3. PGE Canada/Enron Canada - Physical gas - Enron exposure $15 million 4.PGE Canada/ENA - Physical gas - Enron exposure $1 million II. Termination Rights Based on PG&E's Failure to Pay Indebtedness It is possible that we could terminate the following contracts based on PG&E's or one of its subsidiaries's default on indebtedness in excess of a threshold (either $100 million or $50 million): 1. PG&E/ENA - Financial ISDA - Enron Exposure $23 million 2. PG&E/EPMI Physical Power -Enron exposure ($90 million)
Propose a subject line for this email?
ANS: PG&E and SCE Defaults
Attached is the current form of the assignment agreement. I'm awaiting final approval from Finance, but I think we should get this in front of GE. Ben, do you or Chris want to handle this, or shall I? Kay
Q: What is a potential subject line for this email?
answer: Assignment and assumption agreement
I have finished the setup of the books you requested earlier today, the traders will be setup later. Nicole in Calgary in doing the setups for Canadian Power. Bill
Answer: Canadian Books
Here is an email: Attached is the referenced list. The Bakersfield California is approved to only do newsprint commodity swaps and options. Therefore, I have turned them down to trade the current products we have available online. As our product base expands, we can send them through again as an amended counterparty if we offer newprint commodity swaps and options online.
What is a potential subject line for this email?
A: Click Paper Approvals for 7/25/00
Q: First of all, congrats on the big win this weekend. They keep proving me wrong. Second, sorry this is late. Friday was 1st day, our longest of the month. DRAFT This is a summary of where we stand from a Risk Management perspective on the PGT/Socal permanent assignment to Calpine Currently there are 5 deals in Tagg and 1 in the transport model. EC3952.O - Annuity where the West desk pays PGT (from $.08987 to $.17308) on 67,500/Day thru Oct-23 This deal will be unwound and this income (approx $30M) will fall out in the West desk EC3952.F - Buy from Canada of 30,000/Day thru Oct-08 at Malin for Index + $.00 EC3952.K - Sell to AEC of 30,000/Day thru Oct-08 at Malin for Index + $.00 As of now, these deals will remain unchanged in the system because AEC will not let us out of the firm contract EC2208.B - Buy from Canada of 22,500/Day thru Oct-08 at Malin for Index - $.005 EC3952.B - Buy from Canada of 15,000/Day thru Oct-01 at Malin for Index - $.01 These deals will be unwound, but discussions between Philip Allen and ??? will reveal details not known at this point in time (Bid/Offer) Transport Model - Kingsgate to Malin capacity of 67,500/Day beginning Nov-08 thru Oct-23 This deal will have to be unwound or killed - Currently the deal is valued at approx $12M in the West Desk After unwinding these deals, the West desk will be kept whole, the remainder will be granted out in orig. This is my first go at it. Let me know of any revisions you want. DG 3-9573
Propose a subject line
A: Late PGT/Socal Memo
Here is an email: Jim - The early estimate of $100,000 was way low and ignored Options. Short answer: Avg. Board fees in 2000 were $79,000 (about 1/3 required to be deferred). Plus avg. phantom stock grant of $53,000 and stock options of $205,000, for total AVG 2000 value of $337000. Obviously big variable is value of options, which are based on a fixed number but a varying Black Scholes value. Paula
What is a potential subject line for this email?
A:
BoD Comp - Important