Donna, I am enclosing for your review our response to Southwestern Electric Cooperative, Inc.'s request for proposal dated October 5, 2001. We appreciate having the opportunity to respond and hope you will find the attached proposal of interest. We have submitted an offer for Energy with Imbalance Energy and an offer for Full Requirements Service for the June 1, 2004 to May 31, 2009 period. Additionally, we are prepared to discuss alternative structures with you if so desired. If you have any questions, please do not hesitate to contact me at (713) 853-7724. Sincerely,
Answer: RFP Response
We currently have $21.4 million in reserve for potential Northwest refunds. $10 million currently sits in the LTCA book and $11.4 currently sits in the LTNW book. During the summer, FERC initiated an investigation into the potential of unjust and unreasonable spot prices in the northwest from December of 2000 through June of 2001. Seatlle City Light, Tacoma City Light, Eugene Water and Electric Board, and Sacramento Municipal Utility District all filed claims at FERC for refunds from EPMI. The claims totaled close to $100 million. However, many of these claims were, on their face, spurious. For example, Eugene Water and Electric Board filed for refund of forward purchases which was clearly outside the scope of FERC's proceeding. We hired consultants from Charles River Associates (CRA) to help us with this process. One of their tasks was to apply the CAISO competitive benchmark pricing methodology to the Northwest market. That is, CRA attempted to reverse engineer the CAISO's methodology in order to estimate our Northwest risk. I was informed by our litigation team that EPMI's realistic potential exposure using this methodology was roughly $30 million. We decided to reserve roughly 2/3 of this amount which came to about $21 million. In September a FERC Adminitrative Law Judge heard the case and submitted a draft decision to the FERC. The draft decision recommended against any refunds. This draft decision is supposed to come in front of the FERC commissioners for approval before the end of the year. If this draft decision is approved, it would be appropriate to remove these reserves.
Answer: Northwest Reserves
So I'm here in my office compiling some production data off the shared drive this morning and listening to a little of the Best of the D cd that Eric was so kind to cut for me. Of course due to the unruly nature of the D I was using my headphones. About 2 hours later I get a phone call and I take off my headphones to answer it only to find that my computer speakers were blasting the D and I couldn't tell because of the headphones. Maybe I'll be employing the message of the D sooner than I'd like. Ps. Welcome back. Ryan F. Ruppert Geologist Saudi Arabia Gas Resources ExxonMobil Exploration GPP3-389 P.O. Box 4778 Houston, Texas 77210
Answer: Major Party Foul
I have been summoned for jury duty onTuesday, November 28 at 8:00 am. While wanting to fulfill my civic duty, I am also hoping to be an unlikely juror this time around so that I can be back in the office sometime on Tuesday. I will call in and let Patti know my status.
Answer:
Jury Duty - November 28