Your review and approval of the following product type in the EOL Data manager is needed (for directions on approval, please see steps for approval at the bottom of this e-mail). Please do not approve before 11 A.M. US Gas Phy Fwd Firm < or = 1Mo (INTERNAL ONLY) (2200) US Gas Phy ANG Kingsgate USD/MM A US Gas Transaction with Enron North America Corp., under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis. The Contract Price shall be as submitted by Counterparty via the Website. The Period of Delivery shall be from the Effective Date through the Termination Date. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The transaction is for delivery at the interconnect between TransCanada PipeLines Limited ("TCPL") and PG&E Gas Transmission, Northwest ("PG&E") at Alberta Natural Gas Kingsgate, British Columbia ("Kingsgate"), on the Canadian side of the international border. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day. STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved" Regards,
Answer: Product type approval - US Gas Phy Fwd Firm < or = 1Mo (INTERNAL ONLY)
Below is a summary of upcoming RTO-related events that Enron is participating in. ************************************************************************************************ Week of October 22 Regulatory proceeding before the Indiana Commission on the transfer of control of transmission assets by the IN IOUs to MISO and Alliance. Wednesday, October 24 FERC Meeting - Discussion of RTO Developments for the Northeast, Southeast, and Midwest. Separate docketed items include (1) Reliability, Security and Market Operations, and (2) Electricity Market Design and Structure. October 29 - 30 Illinois Energy Leadership Conference - Illinois Commissioner Edward Hurley and Richard Sergel, President & CEO of National Grid USA to discuss RTOs. October 31/November 1 Western Interstate Energy Board and Western Governor's Association Conference in Seattle - Issues to be addressed are Multi-State Protocols for Transmission Siting/Permitting, and the Western RTOs and Seams Issues. FERC RTO NOPR on Market Design to be issued FERC orders in Northeast, Southeast and Midwest RTO proceeding
Answer: Updated RTO Schedule
Susan: I hope to finalize the Master today on our conference call. Could you please start pulling together the ENA and Enron Corp certificates? They are alos requesting a W-9. I would like to have all of these ready and executed by this time next week. I will send you the Enron Guaranty after it has been finalized. Thanks. Call if you have any questions. My contacts there are Adele Raspe and Maria Salvatore, her legal assistant. Carol
Answer: PSE&G
To the West Desk et al: The FERC's west-wide price cap has been raised to at least $108/MWh beginning today through 30 April 02. Please see the order excerpt below. Although market prices are well below both the old and new cap, the new cap will give the markets more breathing room if there is an unexpected cold snap and/or supply disruption. I am happy to report that the one of Enron's advocacy messages made it into the order: any change to the cap must be applied West-wide. PNW parties and Duke were willing to settle with region-specific caps but FERC rejected that concept in favor of a single, West-wide value. Alan Comnes Relevant Passage: "Effective on the trading day following the date of this order, through April 30, 2002, we will suspend the methodology used to calculate the current mitigated price and substitute the following West-wide winter season methodology. As a starting point, the mitigated price will be set at $108/MWh. This is the actual mitigated price set using the current methodology during the last reserve deficiency on May 31, 2001, based on a gas index of $6.641/MMBtu, a generating unit with a heat rate of approximately 15,360 Btu/MWh and $6.00 for the O&M adder. The new interim mitigated price will supersede the existing mitigated price (approximately $92/MWh), which was set at eighty-five percent of the originally calculated $108/MWh mitigated price for application during non-reserve deficiency hours. We find this adjustment necessary to set the price for the winter period and to track changes in the gas indices. The winter formula will maintain the current heat rate and O&M adder. The one variable in the formula will be tied to the current average of the mid-point for the monthly bid-week index prices reported for SoCal Gas (large packages), Malin and PG&E city-gate. Under the winter season formula, the mitigated price will be recalculated when the average gas price rises by a minimum factor of 10 percent (e.g., to $7.305/MMBtu) effective for the following trading day. The formula will also track subsequent cumulative changes of at least 10 percent (including reductions of 10 percent, but not less than a floor of $108/Mwh). Effective on May 1, 2002, the summer methodology will be reinstated along with the current mitigated price of approximately $92/Mwh for non-emergency periods."
Answer:
Details on the West-wide Price cap: now $108/MWh through April 30, 2002.