This is how the logic is now within UBSWenergy.com: All counterparties with Master Agreements with ECC that hit a US product must be booked as two legs: leg one booked between ECC and the counterparty with risk assignment of FT-US/CAND-ERMS; leg two flipping the position out of FT-US/CAND-ERMS to the appropriate risk book (the book on the online product). This applies only to finanical swaps and not physical deals. Please let me know if there is going to be a change and if so what the deals should look like in Tagg. The programmers need time to modify logic and I need time to test! Thanks for your help.
Q: What is a potential subject line for this email?
answer: Counterparties w/Master Agreements with ECC
Joan, Attached is the Letter Agreement for St. Mary's Production LLC. According to Charlie, St. Mary's production is being delivered at the same points as is the Hunt Southern Louisiana production. Therefore, the St. Mary's letter is identical to the Hunt letter which Charlie is sending to Hunt today. If this is not the case, please let me know and I will modify to fit the terms of the St. Mary's deal. Otherwise, please print off as many originals as you need and send them to St. Mary's for their execution and return. Please call if you have any questions.
Q: What is a potential subject line for this email?
answer: St. Mary's Letter Agreement
Mr. Lay, Reuters just had an article that said upon closing of the Dynegy deal, you will receive $80,000,000 which buys you out of your employment contract. Is this true? If so, since you said in your speech that we are all feeling this pain together, will there be a distribution of the $80,000,000 back to the people who's lives have been crushed and will receive no additional compensation. It seems unjust that while the people who had nothing to do with the downfall get nothing, the people who were involved in the downfall continue to be well compensated. I, as a trader on the gas floor, am sitting here at my desk still making all attempts to make money for the company, wondering if I will be getting my next paycheck. Then I read that you are getting an additional $80,000,000. I, as well as my fellow employees, feel betrayed once again. What is the old saying about kicking the dead horse? The difference is that this horse is still barely breathing and your $80,000,000 just sucked out the final bit of life. The management level you have been at provides you the inside scoop on all these bad deals and the "pump and dump" that senior management has done to Enron stock over the last years. It is a disgrace the way you and your senior management have ruined so many peoples lives. How could you not know that the company would be taking a fall when you signed back on. Other CEO's coming back into companies under the same situation have accepted no compensation until the company gets back on its feet again. It seems that you knew what was going to happen, and were able to milk Enron out of another 80 million dollars. I have learned a valuable lesson about how business really works. As an employee, one should milk their company for everything they can get out of it no matter how many people are hurt. Enron has been a cutthroat stab you in the back organization for a long time. I always thought it was just my fellow employees doing every thing they could to get ahead. I never realized that this was the creed that senior management lived by. Senior management must have been in their offices rolling on the floor every time some employee spoke up about trying to make vision and values a success. You and your teams fine example has changed my life forever. Aside from the fact that my kids will no longer be going to college, you have changed my thinking for ever. I will never again believe anything my employers tell me. I will never again put my company as a top priority. It is a travesty what you have done to so many peoples lives. Tom Donohoe
Q: What is a potential subject line for this email?
answer: Compensation distribution
On October 29, 2001, the commission issues an order instituting a rulemaking to establish ratemaking mechanisms to enable SCE, PG&E and SDG&E to resume purchasing electric energy, capacity ,ancillary services and related hedging instrument to full their obligation to serve their customers once DWR's authority to purchase on their behalf ends (December 31, 2001). At that point, the UDCs, not DWR, will have to pick up anything not covered by retained generation and the DWR contracts. The Commission will also address proposals on how renewable resources should be included in the mix of generation serving the state. The OIR will have a significant impact on procurement practices in the state on a going forward basis. The ruling states that if you are interested in being on the service list for this proceeding, a letter must be sent to the docket office stating that fact within 15 days (by next Monday). Bottom line is do you want me to continue to monitor (and perhaps get active) in this proceeding. Please let me know by the end of the week so that I can send in the required letter. Jeanne Bennett
Q: What is a potential subject line for this email?
answer:
Order Instituting Rulemaking to Establish Policies and Cost Recovery Mechanisms for Generation Procurement