QUESTION: As we breifly, ECS is developing a product for gas driven (as opposed to electric driven) horse power. Essentially, the value proposition involves "wrapping" an existing gas horspower station with a Compression Service Agreement and allowing the Pipeline to pay for the shaft horspower in commodities other than (or solely in) cash. ECS provides shaft horsepower (meaning that we bring gas, as opposed to elecricity) to the compressor. Because Shippers would continue to pay for its fuel per the existing tariff, the Pipeline would utilize shipper fuel to pay for shaft horsepower. This structure represents an avenue for the Pipeline to hedge the value of the molecules it collects from Shippers or simply to levelize their fuel burn. Timing and basis differences could, presumably, be included to increase the value to the Pipeline and potentially passed through to the Shippers. Attached is a deal example that I recently presented to Great Lakes Gas Transmission that solves a fuel levelization problem they have on their system....they overcollect in the Winter and undercollect in the Summer. It may be of some use in reviewing to help ascertain answers to the following: 1) Would a gas compression service deal be required to be filed by the FERC? My sence is that the answer is no. This is simply an O&M service contract and lease agreement. 2) If a Pipeline is on an annual gas tracker, what would be the tracker implication? It should be flat, as technically, ECS has not changed the amount of fuel collected/utilized....we have only provided optionality as to hedgeing??? Please give me a call to discuss. Thanks
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ANS: Gas on Gas ompression Deal
PRIVILEGED AND CONFIDENTIAL - ATTORNEY/CLIENT COMMUNICATION As we said in our initial meetings with you, it is very important that you preserve your records relating to Enron. Attached is a letter we received from one of the plaintiffs' lawyers requesting that we preserve all documents relating to Enron. We have already responded to the letter, but we are passing it on to you because, despite its tone, it provides a useful outline of the types of records you should preserve and the places where such documents might be found. Please do not hesitate to call me if you have any questions.
Q: What is a potential subject line for this email?
answer: Retention of Documents
Wit makes its own welcome, and levels all distinctions. No dignity, no learning, no force of character, can make any stand against good wit. -Ralph
Answer: What a wonder is a wonderful wit...
Here is an email: Hood To Coast Relay 2002 Enron North America will be sponsoring a Hood to Coast Relay Team for next year's competition (Aug. 23 & 24, 2002). The event, starting at Timberline and ending in Seaside, is a great challenge and a lot of fun. The team will be composed of 12 Enron employees, so if you are interested in participating in North America's most popular relay, spending a day and a half with your fabulous unshowered co-workers, eating bagels and bananas, and running on little if any sleep, or have a simply brilliant idea for a team name, please reply no later that October 20th. For more details on the event, visit www.hoodtocoast.com. Run On.................................. Serena Bishop
What is a potential subject line for this email?
A: Hood to Coast Relay
Q: Just a round robin regarding the day ahead transfers to real-time for parking and lending and the fees associated with it. Please let me know if you can't attend. Diana
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A: MEETING @ 2:00 MT.HOOD
Here is an email: Well, I win the award for ass of the week and probably the year. I really can't begin to apologize enough for Tuesday. I won't offer an excuse. Guys on the Central desk asked me a question as soon as I hung up with you, and before I knew it, it was around 2:30pm. But the worst part is, I didn't realize what I had done until later the next day. It was disrespectful and I sincerely apologize. I do have a conflict tomorrow. And I will understand if you want to stop the sessions. Thanks. DG
What is a potential subject line for this email?
A:
Tuesday