Q: Ozzie, Steve Van Hooser forwarded two agreement for electric service from CP&L for the Elizabethtown and the Lumbertown cogen facilities for my review. I have reviewed the documents and they are standard tariff type service agreements. There are two items to which I would like to draw your attention. These deals look to have a 10 year term since they are being served from Transmission Service. 1. If Customer terminate earlier, there would be a termination payment equal to the loss in salvage value of the facilities used to serve the Customer. Not sure what this value is, but might be significant, depending on what facilities CP&L would install to serve these plants. 2. There is a minimum bill each month that Customer would have to pay, even if there was no usage of power by Customer. If you are OK with these issues, I will initial the agreements and forward these to you for signature. Please contact me at x33512 if you would like to discuss.
Propose a subject line
A: CP&L Electric Service Agreements

Q: Attached are two draft letters to Ernst Haberli and Greg Chafee at Fort James in regards to the above-referenced matter. Please review and provide me with your comments. Thanks
Propose a subject line
A: Fort James

Q: Bruno, Per our telephone conversation of this morning, I am forwarding you marked and clean versions of the revised LOI that addresses the open issues relative to the $50,000 breakage fee. Please keep in mind that Julie Gomez has not yet had a chance to review this version of the document. Please feel free to contact me or have your counsel contact me with any questions regarding the attached. Steve Van Hooser
Propose a subject line
A: ENA Draft of LOI--June 19,2001

Q: Per my conversations with Mark Taylor, we should continue to put any weather trades done online under any relevant master agreement with the counterparty. Further, there is no prohibition against doing a trade online with a counterparty when we do not have a master in place. Any non-master trades would go under the respective GTC. It appears to be only a coincidence that we are trading online only with counterparties we have masters in place with.
Propose a subject line
A:
Online Weather Trading