According to Cliff Shedd, we would be covered by insurance if we terminated the contract with Furnas and Furnas failed to pay the termination payment. However the insurers will only pay after we receive an arbitration judgement against them and the refuse to honor the judgement. I assume we would also have to exhaust our remedies against trhe guarantor (Eletrobras). Also, we are required to notify the underwriters immediately of a material default.
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answer: Insurance
Attached is the path to the honeymoon package we chose. Let me know if you need anything else. Thanks again for doing this...it means a great deal to us both. Jason
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answer: Honeymoon Itinerary
Louise -- The Houston legal/regulatory group is working with the UBS legal department to obtain from the London branch of UBS AG a power of attorney which will expedite the execution of agreements and other signature documents involved in starting the energy trading activities. (I will provide you specific information on the nature of this power of attorney as soon as I obtain it.) To get this in place as soon as possible, we've been asked to provide backup information with sufficient specificity that the nature of each relationship/contract and counterparty is identified. (Example 1: "Wholesale power trading master purchase and sale agreement with Duke Energy Trading and Marketing L.L.C. and related transaction confirmations". Example 2: We would specify the contract and counterparty for each of the 44 gas pipelines which we need to utilize for gas trading operations in ERCOT).
Q: What is a potential subject line for this email?
answer: Power of Attorney re UBS AG energy trading activities
FERC today issued an Initial Decision in the hearing in the Transwestern case concerning several negotiated rate agreements to which Indicated Shippers and the CPUC had raised objections. Briefly, the Judge ruled that Transwestern had not exercised market power and that the capacity was advertised and awarded in accordance with Transwestern's tariff. However, Transwestern must modify its tariff to add a separate provision where all the posting, bidding and award procedures for purposes of awarding capacity are clearly stated. A highlighted copy of the ruling is attached for your information.
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answer:
FERC Initial Decision in Hearing on TW Negotiated Rate Deals