QUESTION: Marie: Can you please send this to the MN Group? Master Netting Group: I just want to personally thank all of you for all of your hard work the past few weeks in addressing our counterparties' requests for Master Netting Agreements. We have been able to sign up a number of them as a result of your efforts and have managed to keep certain counterparties from cutting us off in trading. Thanks again for your efforts and for putting up with one fore drill after another! Hopefully we all learned alot in the process.
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ANS: Misc
Steve: I think I already forward these to you, but if not, they're the prices that Henderson came up with for fully shaped prices to the utilities. May be useful re: conversations with the Street about getting the utilities out of procurement. Note that the date on the prices is 10.02.00 so they're somewhat stale, but arguably still indicative. I'm also going to give you the prices Belden just gave us (prior to the run up yesterday, though) for prices at SP15. Best,
Q: What is a potential subject line for this email?
answer: Pricing for California utilities
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.
Answer: Master Netting Agreement
Here is an email: Group, I was informed this afternoon, around 1530 PDT, by Mike at the ISO, that Harbor's wavier rights were taken away due to higher than normal loads expected for tomorrow, Tuesday 10/2. So, we need to put in supplemental energy bids in for both Harbor units, HARBGN_7_UNITS (80mw) and HARBGN_7_PL2X3 (17.9mw). Please submit bids as soon as possible, at least by HE20 Monday, 10/1, going through HE24 on Tuesday, 10/2, for both units, at the real-time price cap, of $91. If the ISO hits the bid, go ahead and accept the bid, and then call the control room to tell them to ramp up. Thanks a bunch,
What is a potential subject line for this email?
A: Harbor Supplementals
Q: Duke Energy Field Services, LP has requested an assignment of TW OBA Cr 26301 to Conoco, Inc. Cr 26301 is the OBA for the Zia Plant (POI 59927). Please indicate your approval by returning this message. Please call me if you have any questions or need additional information.
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A: Contract Assignment
Here is an email: Griff, Can you accomodate Dexter as we have in the past. This has been very helpful in establishing a fair index at Socal Border. Phillip Please cc me on the email with a guest password. The sooner the better as bidweek is underway.
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A:
NGI access to eol