Here is an email: USA: UPDATE 1-PG&E utility gives Calpine debt priority status. 07/06/2001 Reuters English News Service (C) Reuters Limited 2001. (changes 1st paragraph, adds details, company statement) SAN JOSE, Calif., July 6 (Reuters) - Independent power generator Calpine Corp. said on Friday that its contracts with Pacific Gas and Electric Co. will be altered, ensuring that Calpine will continue to supply power to the bankrupt California utility and that it will get paid more than $250 million for power already sold. Calpine stocks rose more than 14 percent, or more than $5, to $43 after the announcement. As part of the contract modification, the $267 million, with interest, that the utility, a unit of PG&E Corp , owes Calpine in past due receivables under the contracts, will be elevated to "administrative priority status," a claim which is paid before any other general unsecured creditors. Calpine will get the money, in a lump sum, as soon as PG&E has a confirmed reorganization plan, which can take as long as four to six months from now, Calpine said. The move is also a step in the process of untangling California's energy crisis, which stemmed from a flawed deregulation plan that has hit the state with a series of rolling blackouts. Under the agreement, Calpine will continue to receive its contractual capacity payments, but it has also set up a fixed rate contract for the next five years of about 5.37 cents per kilowatt-hour. The contracts are known as qualifying facility contracts because Calpine's power plants are qualifying facilities. These types of facilities represent more than 20 percent of the state's power supply and sell power generated from renewable energy sources to the regulated utilities. "Calpine is the first power company to modify its QF contract with PG&E to ensure that Northern California consumers will continue to benefit from these affordable and reliable energy resources," Calpine senior vice president James Macias said in a statement.
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A: PG&E utility gives Calpine debt priority status.
Here is an email: The Integration Test Scripts have been placed in the following directory for your review. Please send any changes or additions to me. As I receive updates, I will make the changes and redistribute them to the Dropbox directory. \O:\_Dropbox\IntegrationTestScripts <file://\O:\_Dropbox\IntegrationTestScripts> There has been a change in plans regarding the schedule for testing the test scripts. We will be doing a dry run tomorrow. When we have determined the schedule, I will send it out. Thank You,
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A: Integration Test Scripts
Here is an email: Dear Vince, It is my pleasure to invite you to speak again at "EPRM 2001 Europe", Energy & Power Risk Management magazine's fourth annual European energy risk management congress which will be taking place in Amsterdam on 6 & 7 September 2001. As you know, last year's congress attracted over 200 attendees and provided the ideal opportunity for leading institutions to discuss the key issues and latest developments in pricing, trading and risk management strategies for power and gas. Please find attached a draft copy of the conference programme. I have left the invitation open as I was unsure of your specific topic of interest. Thank you for your time and consideration. I look forward to hearing from you. Yours sincerely,
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A:
EPRM 2001 Europe