In yet another twist of this proceeding Com. Wood has issued an Alternate Proposed Decision for unbundling the SoCal system. While he issued it Monday it was just Noticed today and if we want to file comments they are due Tuesday Dec. 4th. Greg, you may recall that we just recently filed our support of Com. Bilas' October 11th Proposed Decision which adopted the Comprehensive Settlement that Transwestern has supported throughout this proceeding. I'll contact you on Monday about possibly filing comments to reiterate our support of the CS. Below is the direct address on the CPUC website to the Alt. PD, its about 105 pages. I'm in the process of reviewing it--please advise if you have any comments or opinion about filing additional comments. gh
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answer: SoCal GIR/Unbundling Proceeding
Kim Heard about your cat. Very sorry about it. I also understand you got a new cat this past weekend. Great. Have you picked a name yet? H
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answer: (no subject)
Further to Mary's memo of 8/18/00, I would like to add the following comments: (1) I initially drafted the share swap confirm as a PRICE RETURN swap. Scott then requested a TOTAL RETURN swap (ie, dividends included). I met with accounting this morning and (Ryan believes that) the swap is price return only: the asset holder is only swapping price exposure and the business unit should recognize the immediate dividend benefit to its asset. PLEASE VERIFY WHETHER THE SHARE SWAPS ARE PRICE RETURN OR TOTAL RETURN (2) With respect to the right of "multiple optional partial swap terminations", please verify that: (a) the business unit has the right to request that Harrier partially terminate the swap prior to the scheduled termination, any number of times, without restriction as to frequency, minimum or maximum number of shares, or any other limitation, irrespective of whether the asset owner actually sells the underlying shares. How is this right of termination (and the multiple requests) to be documented? (b) the "Initial Price" of the shares on the Effective Date of the swap WILL ALWAYS BE USED to calculate the gain or loss (vs. using the share price on the date of each partial termination)
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answer: Raptor Questions
Tim, Please forward to me any charts, models, etc that you think be useful. Also, can we plan on speaking at 9:00 am Houston time? Thanks,
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answer:
TXU Contract