John, Attached is the latest draft for your review. I changed the format on your section and some of the wording. I was attempting to make this easier for some of your employees by the wording. Are you sure you want to separate out Doug F from Randy's group? I also added Doug L in there as well. Please check the wording and spelling of everyone's name carefully. Please make any changes on the attached word file and return. I'll cut and paste your new section in the master memo. Thanks,
Answer: org annoncement draft
You had a question about the meaning of Section 4.3. Here's a brief explanation. Section 4.2 covers indemnification in case one party gets sued by a third party for damage caused by negligence of the other party. I'm OK with eliminating "stockholders" and the "...judgments of any nature..." clause you two spoke about on the phone as long as they come out of both subparagraphs a. and b. Section 4.3 needs to stay in because it covers any potential action by EPFS against TW for damage to EPFS's facilities during the term of the agreement. TW is already obligated elsewhere in the agreement to construct and operate the facilities in accordance with industry practice, tariff and DOT standards. Our policy in interconnect agreements is that if TW complies with these standards we should not then somehow be liable for damage to EPFS in case of explosion, etc. In other words, both parties bear the risk attached to something unforeseeable going wrong notwithstanding use of industry and DOT standards. (By the way, I believe the "notwithstanding anything in this Article 4 to the contrary" language should come out; I'm not sure why it's in the draft.) Any questions -- please e-mail or call (713-853-0596).
Answer: TW/EPFS interconnect agreement
We are looking to lock in some gas for May, June and July of 2002. Would you check with the traders on the price qoutes for 1,000 per day at Ventura. May 1,000 per day June 1,000 per day
Answer: Fixed Forward Contract Purchase - Ventura
We have received the executed Assignment and Assumption Agreement wherein Canadian Imperial Bank of Commerce assigned two physical trades to CIBC World Markets Plc. Those two deal Nos are EOL deal no 137945 and 149472. The originals will be sent to Bob Bowen.
Answer:
CIBC World Markets Plc