QUESTION: Martin, Subsequent to my last e-mail I discovered an additional detail which may po= ssibly clarify why ENCE prefers to purchase the Chilean E. globulus species= to the Brazilian species for pulp production. It would appear that the E.= globulus species holds up better than the various Brazilian species during= the refining process. While most papermakers generally don't refine hardw= oods and softwoods with the same equipment, many smaller European mills are= unable to afford the capital investment of a second refiner and accordingl= y do use a single refiner for all grades. This is particularly true of the= Italian mills. Since hardwoods cannot withstand the rigorous refining req= uired for softwoods without losing their papermaking characteristics (opaci= ty, etc. ), these papermakers need to utilize the hardwood species best suit= ed for this type of processing. Accordingly, the globulus species (which i= s also the predominant species in the Iberian peninsula) holds up much bett= er under this type of heavy refining than any other species of eucalyptus. In any case, I hope this helps shed additional light on this issue, and, as= always, please feel free to revert with any questions you might have. Tha= nks. Karen
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ANS: Eucalyptus Pulp - Final Note

QUESTION: Attached is a draft form of Master Firm Purchase Agreement between ECS Compression Company, L.L.C. as Seller and ECS as Buyer. Also attached is a confirm for the gas deal. Notice the information I need on the confirm and please fill in the blanks. If you have any comments on the contract form, please let me know as soon as possible.
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ANS: Gas Purchase between ECS and ECC

QUESTION: Calpine Eastern Corporation, Mirant Americas Energy Marketing, L.P., Mirant New England, LLC, Mirant Kendall, LLC, and Mirant Canal, LLC filed a complaint against ISO New England with respect to its unilateral modification of Market Rule 5 and Appendix 5-C of the New England Power Pool (NEPOOL) FERC Electric Rate Schedule No. 6, through which ISO-NE has excluded external energy contracts from its calculation of the Energy Clearing Price since September 1, 2001. Interventions in this proceeding are due this week; please let me know immediately whether we have a specific interest. In any event, I will circulate an update of any FERC action on the complaint.
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ANS:
Calpine vs. ISO New England (EL01-124)