IN: This is an email
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OUT: "After Christmas Savings Before Christmas" - from Sierra Trading Post
QUESTION: I made room reservations for the 3 of us on November 5 only at the Sheraton Uptown (505-881-0000). The rooms are not guaranteed past 6:00 pm. Our confirmation numbers are as follows. Ron M. 118587 Darrell S. 118588 Dennis A. 118590 I checked on flights and the best bet is a 2:30 pm flight arriving Albuquerque at 3:36 pm (next one wouldn't get in until 7:37 pm). Flights back to Houston are 2:40 pm and 4:30 pm arriving at 5:37 & 7:37 pm respectively. I vote for the 4:30 pm flight to make sure we don't run short on time. LET ME KNOW ASAP MONDAY TO BOOK. Right now the fare is $156.25 & non-refundable. Not sure what it will be Monday. Kim, I don't know your plans in and out of Albuquerque so I didn't book a room for you. I thought you were headed elsewhere from Albuqueruque. Let me know if you want me to do something on arrangements. Ron M.
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ANS: Albuquerque Cross Functional Meeting
All, attached is a redline of Master Netting Agreement against the previous Cook c draft and the proposed Collateral Annex. Please review and provide your comments to me by first thing Tuesday morning. Major issues for resolution: 1. We have determined that we should file on cash collateral in Canada. Peter Keohane is reviewing the forms and processes for such, including how to determine and establish priority with respect to same. Peter will coordinate with Credit concerning the mechanics of accomplishing the filings. 2. Due to the continued concern by some counsel in respect of mutuality issues for setoff and netted settlement (another form of setoff) "aggregate liability clauses" set forth in 3a and 3b have been included for our consideration. We must come to a consensus as to whether this language/concept should/must be included. If the answer is yes, is the language included the best tactic? 3. Mary Perkins is reviewing LC matters with banks to be sure the modified format set forth in this draft is satisfactory. Timing Objective: Our objective is to provide everyone another draft on Tuesday and finalize on Wednesday. This will require a conference call sometime Monday afternoon. Carol, Rick, David, Peter and Elizabeth please provide Esmeralda Gonzalez, my assistant, at 713 345-7621 with your Monday afternoon availability and she will set a time and advise you. For those of you who had a prior draft of the Collateral Annex, I could not get this redlined for some reason, I apologize. Carol, since I am out Friday will you please call Cadwalader and be sure they received this. Further, will you ask them to review the NY choice of law provision in light of Canada cash collateral issue. Thank you. David and Rick, in your review please give special attention to the calculation mechanisms utilized for the determination of the Collateral Requirement. Esmeralda, after you have determined availability, please send email to Carol, Elizabeth, Rick Antonoff, David Mitchell and Peter Keohane advising of the time (Houston time). We will call other parties and do not need a call in number.
Q: What is a potential subject line for this email?
answer: Master Netting Agreement
In considering setting up books for NETCO, RAC needs the following: (I recognize portfolio name choice may not be optimal) 1. Ownership of ERMS and Enpower o For Canada, it would probably be best if ownership resided in Houston (Peggy, any feedback would be helpful) 2. Recognizing that portfolio hierarchy may need to be augmented pending buyers request, I recommend three portfolio structures. o Trading portfolio (heterogeneous, incl. everything traders trade) - 2 portfolio's (power & gas) aggregated under NETCO total ? Trader (sub portfolio by risk type) , regional, parent portfolio (includes all commodities in traders portfolio) ? Example ? NETCO Business Unit o Gas Trading ? Financial Desk ? Arnold o Price o Basis o Exotics o Power Trading ? East Power ? Presto o Long term o Short term o Commodity portfolio Gas and Power (homogenous) ? Example ? NETCO Business Unit o Gas ? Gas Power ? East ? West o Northwest o Southwest ? Gas Gas ? Financial ? West ? Etc. o Power ? Power Gas ? Power Power o Curve portfolio grouped regionally - This portfolio does not currently exist. ? Starts with curves, regional, root portfolio, parent ? Example ? NETCO Business Unit o Gas ? Northeast ? Transco Z6 ? etc o Power ? Northeast ? NEPOOL ? Etc. Additionally, we need to correct curve shift reporting in Risktrac as well as bench mark positions. In the past Canada was "grandfathered" under its legacy transactions, but under NETCO there should not be any legacy deals and as such Canada needs to report its risk the same as we do in Houston. PortCalc may need to be modified to handle currency issues and other as well as new curves may need to be created. When creating new curves, please copy in ERMS 90 days worth of price history so that we can measure VAR. I apologize if this is vague, please feel free to provide feedback. Thanks
Answer: NETCO Portfolio Book Structure
Here is an email: When: Thursday, August 02, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada). Where: EB47C2 *~*~*~*~*~*~*~*~*~* Please plan to attend this meeting to discuss the following open items and more for the TW Commercial 2002 Plan: 1. Index to Index Deals hedged 2. 2002 Fuel Prices 3. Change East Commodity volumes to 415/Day or 410/Day 4. Adjust fuel used for east deliveries 5. 2002 Resubscriptions 6. 2002 Capital requests Palu
What is a potential subject line for this email?
A: TW Commercial 2002 Plan
QUESTION: The company's determination that leave will be counted as FMLA must be communicated to the employee within two business days of the company receiving sufficient information to determine FMLA coverage. The employer must commit that to writing by the next payday (or the one after that, if the next payday is less than a week from the date oral notice was given). This requirement should be communicated to HR/supervisors for compliance purposes.
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ANS:
FMLA Leave