Scott, I spoke briefly with Edith Terry from our DC office. There is not a good fit for my group but she could be a great asset for you. I have her resume in case you are hiring and would like to take a look at her. Vince
Q: What is a potential subject line for this email?
answer: Edith Terry
As you know, current firm contracts on Transwestern provide for delivery of 250 MMcf/d of gas to Topock. In the context of the Gallup Expansion, Transwestern has entered into firm contracts for an additional 40 MMcf/d to Topock. Once the Gallup expansion is built, Transwestern will have a total of 290 MMcf/d of firm capacity under contract to the Topock delivery point: 40 MMcf/d more than PG&E has agreed to accept while PCBs continue to be present. Bill Cordes has asked what Transwestern's potential liability to shippers would be if PG&E's refusal to accept deliveries due to the continued presence of contaminants causes Transwestern to have to curtail firm service at PG&E/Topock. The legal answer is that Transwestern's tariff provides for a reservation charge refund but does not limit the damages that could be sought by a shipper. More specifically, Rate Schedule FTS-1 specifically provides for a reservation charge refund if Transwestern fails to deliver gas for a firm shipper. In December, January, February, July and August, the shipper is entitled to a reservation charge refund for all nominated and confirmed quantities not delivered. In all other months, the shipper is entitled to a refund only if deliveries fall below 75% of nominated/confirmed quantities for a period of 75 consecutive days. The tariff does not preclude a shipper from seeking other damages resulting from Transwestern's failure to provide service under an FTS-1 contract. A shipper whose firm service is curtailed would likely incur damages in addition to the reservation charge, including, for example, the cost of buying spot gas or damages resulting from the shipper's inability to fulfill contractual obligations. Such damages could be recovered in a breach of contract action. Not all shippers would incur such damages because some might be willing to take delivery of gas at alternate points if capacity is available at such points. Bill has asked Steve to work with me in quantifying our potential exposure. I could really use your help in putting a dollar amount on potential damages. Can we meet briefly to discuss this? I'm available after the Gallup meeting tomorrow a.m., or after lunch on Friday...or we can discuss a meeting time for next week. Thank you.
Q: What is a potential subject line for this email?
answer: Confidential: PG&E/Topock issue
The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.
Q: What is a potential subject line for this email?
answer: The Enron Oral History Project Continues
Justin - are the EnBank contracts physical or financial? It seems to me we should use the same customer profiles - that is if the contracts are physical, then any counterparty which can trade physical UK gas should have access. If the contracts are financial, then any counterparty that can trade UK derivatives should have access. Mark
Q: What is a potential subject line for this email?
answer:
Counterparty access to EnBank