Attached for your review and comments is Enron's Answer to Motion for Partial Summary Disposition by the Texas, New Mexico and Arizona full-requirements shippers in the complaint proceeding that they filed in July (RP01-486). The shippers have asked the Commission to (a) summarily determine that El Paso's mainline capacity is not adequate to serve its existing firm customers and (b) expeditiously establish a remedy phase in this proceeding. Enron's answer reiterates the comments it filed in the original proceeding, namely that the Commission should consolidate this proceeding with the complaint filed in RP01-484 by the Joint Complainants (producers, California LDCs) which also deals with issues of adequacy of capacity. We also reiterate and emphasize our original proposal that the Commission require El Paso to immediately give existing firm shippers the opportunity to turn back capacity they no longer need as one means of making additional capacity available to those who need more. You do not need to respond, but if you desire to, please get any comments back to me or Leslie by noon tomorrow. Thanks.
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answer: Please Respond by 12 noon CDT Friday, Sept. 21 -- El Paso Proceeding
I met with the Research team responsible for building a model for EES and ran through the model. The model can be used to value ERCOT deals or at least we can use it as a benchmark for pricing. I have attached a document that summarizes what EES is using the model to price, and how we can use it to price our deals. I am out tomorrow but will be back in the office Wed. morning. Research is looking at historical ERCOT prices and customer load data (TXI). I will set up a meeting on Wednesday to further discuss the model and other issues associated with deal valuation. Call me on my cell if you need to reach me, (832) 275-8212 Regards
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answer: Valuing ERCOT Industrial Load
To All: Attached is the list of Enron entities and Hess entities to be included in the Master Collateral/Netting Agreement. Jeff- Can we please prepare 2 Enfolios, one for Amerada Hess Corp. and Hess Energy Trading Company, LLC. The Cross Default amounts in each contract should be $100 MM for ENA and the respective Hess entity. The collateral and MAC provisions will be contained in the Master Netting Agreement. Frank- Please include Hess Energy Trading Company UK Limited, as agents for Hess Energy Trading Company, LLC in the Master Netting Agreement. The proposed Power of Attorney for this entity was sent to you earlier today. Thank you all for the help and please call if you have any questions.
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answer: Hess.xls
Moses, Jesus and an old man are golfing. Moses steps up to the tee and hits the ball. It goes sailing over the fairway and lands in a water trap. Moses walks down, parts the water and chips the ball onto the green. Jesus steps up to the tee and hits the ball. It goes sailing over the fairway and lands in the water trap. Jesus just walks on the water and chips the ball onto the green. The old man steps up to the tee and hits the ball. It goes sailing over the fairway and heads for the water trap. But just before it falls into the water, a fish jumps up and grabs the ball in its mouth. As the fish is falling back down into the water, an eagle swoops down and grabs the fish in its claws. The eagle flies over the green, where a lightning bolt shoots from the sky and barely misses it. Startled, the eagle drops the fish. When the fish hits the ground, the ball pops out of its mouth and rolls into the hole for a hole-in-one. Jesus turns to the old man and says, "Dad, if you don't stop fooling around, we won't bring you next time."
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answer:
Golfing with Jesus