I just received a copy of a Section 5 complaint filed by SoCal requesting a FERC order 1) determining that the SoCalGas/Topock delivery point is fully subscribed on a firm primary basis, 2) directing El Paso to comply with previous Commission orders that preclude the selling of firm primary capacity at points where none is available and 3) directing El Paso to schedule capacity acquired during an open season (effective Jan. 1, 2000) into SoCal/Topock on a secondary basis only. SoCal states that it has experienced daily cuts of up to 57% and averaging 25%. If you would like a copy of the complaint, let me know.
Answer: SoCal complaint against El Paso
Kevin, Here are the Firm GTC's with and without collateral and with and without signature lines. I have also attached a redlined version. I will send the spot GTC's shortly. Please call me with any questions. Stacy
Answer: EOL Firm GTC
Dear Stacey and Kristin- I have attached the 2000 Doorstep report for UK and Continental Power. Unfortunately, Gas, EGM and EIM are also co-mingled in this report. I apologize. I will bring to the planning meeting their responses and status of these findings (I unfortunately, cannot email these). Stacey - FYI, I kinda discussed this with Kristin. But RAC is no longer going to play an active role in the doorstep process. We are going to use their business expertise and concerns during the planning meeting, but other than that, they have agreed to be available on a "consulting" basis after that. I am working with Paul Day (Andersen Sr. Mgr in London) and Paul Bromley (London EAS) on either getting an Andersen deal tester for you all or just substituting Andersen's deal testing for ours. Additionally, EAS has performed a Client Self Assessment (similar to a "what could wrong" or control analysis form). I am trying to get a copy of that prior to you all leaving for the doorstep. I hope to have more info by next week, but wanted to pass this along. Thanks, Christy
Answer: UK and Continental Power DS Report
Barbara has asked that I submit a weekly report about what I'm working on. I haven't had time to fix up anything pretty, but I'll give you the big ticket items: Fuel Cell Energy/CRRA transaction. Enron owns equity and holds warrants for Fuel Cell stock. We need to sell 55 mw of fuel cells in order to get the benefit of the warrants. The commercial team is working on a deal to place 50 mw with the Connecticut Resource Recovery Authority, a state agency. I have been working feverishly on the equipment contract, and we recently completed the LOI with CRRA. We need to move to more definitive docs with CRRA, and the structuring isn't complete. The decision about whether the state will fund the project is expected in December. This deal is likely to continue to take up a large amount of my time, and requires a fair amount of travel, as I am involved in direct negotiations. This transaction is on Dave D and Janet D's radar screen, and Mark is familiar with it. The potential upside (in a perfect world), is rumored to be in the nine figure range. Turbopark. Turbopark is the latest financing vehicle for power projects. Enron is moving 20+ turbines into Turbopark in the next 45 days. This requires a series of contracts with GE (at least 6) which I am working on. We also have to move transformers into this facility, so I have been in contact with ABB concerning same. GE general. ENA is attempting to negotiate a standard contract with GE. I've been working with Sheila on this one. We are committed to finish this project by the end of this year. Westinghouse warranty issues. ENA has two significant disputes wiht Westinghouse concerning a couple of turbines. I'm riding herd on resolving the issues. VEPCO. We were attempting to negotiate a PPA with Virginia Power, but ran into some problems, so it won't close this year. Theres' some miscellaneous follow up work to do. Illinois development. I'm supporting the devolopers who are developing power plant sites in Illinois. Enron/Peoples joint venture. I'm working with the Enron commercial team in certain matters relating to getting the joint venture up and running. This gives at least an overview of what I'm spending most of my time on. .
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