IN: I think we are making great progress on the systems side. I would like to set a deadline of November 10th to have a plan on all North American projects (I'm ok if fundementals groups are excluded) that is signed off on by commercial, Sally's world, and Beth's world. When I say signed off I mean that I want signitures on a piece of paper that everyone is onside with the plan for each project. If you don't agree don't sign. If certain projects (ie. the gas plan) are not done yet then lay out a timeframe that the plan will be complete. I want much more in the way of specifics about objectives and timeframe. Thanks for everyone's hard work on this. John

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OUT: Systems

IN: Paul, I have been doing some analysis and have found a few problems that should be looked at. 1. The number Mother data is pulling for Zone P is wrong. The pointer for the data can be found on the SQL worksheet the expression is: avg(decode(prc.power_reference_period_cd,'DAYAHEAD', decode(pl.location_name,'PJM',price_amt))) PJM_DA, and avg(decode(prc.power_reference_period_cd,'HOURLY', decode(pl.location_name,'PJM',price_amt))) PJM_RT, I have looked at the PJM and NY prices and am unable to figure out where the number is coming from. 2. The other 24hr desk evidently has been told that the PJM night shift is to prep the PJM and Nepool portions of the shift notes. That is fine with me. I wrote a macro to pull, format and print the Nepool information. The PJM information is not available on the website. The East power portal has something. I think it does some kind of Op Sum pull at some unknown interval. The problem is the information is not accurate. Rob Bensen's frustration with this bad information is the main reason the other 24hr desk doesn't want any part of the reporting. 2.a All data points are different than the one hour averages calculated in edata. This makes me doubt that opsum is the source, as edata also pulls from opsum. 2.b When all interfaces and hubs are printing the same, the prices shown differ in the same hour on the website. I have no idea where this information is coming from but it is not right. If the correct data can be found there is an application that pulls from the database at "M:\Electrichour\PJM AVE\PJMSummary.exe". If they could fix this app I would care less about the web site. If they do not want to fix the app I can write a macro to pull the same data from the mother data template. I don't really care how I get the data, I just need to get yesterday's PJM for the shift note. In other news, if you are trading some of the regular products, are you following the DA-RT physical moves? If we do man the 24hr desk (even if Bryce is the day guy) we could cover the DA-RT physical. Having it part of the 24hr desk would seem to make sense because the evening load and more up to date weather forecasts could be used when entering the NY side in the early morning. I only mention this if you are finding yourself too busy trading PJM to spend the same amount of time on the analysis. It is certainly easier to do uninterrupted analysis on the back shift. Just a thought. Thanks,

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OUT: Data Problems

IN: Sara, It has been brought to my attention that the payment language we are using for financial power trades that are less than one month in duration does not mention that payment is due 5 business days after the floating price is determinable. It basically says 5 business days after the last day of the month. The fifth (5th) Business Day following the date on which the Floating Price is determinable (this language is in all confirms with a calculation period of one month or longer). The fifth (5th) Business Day following the last day of the month that includes the Calculation Period (this language is in all confirms with a calculation period less than one month). Can you draft payment language for trades less than one month that states payment is due five business days after the floating price is determinable? Call me if you would like to discuss. Thanks,

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OUT: Payment Language on Financial Power Confirms

IN: Monique, Attached please find a red-lined and a clean version of the Master Firm Purchase/Sale Agreement which reflect all of the changes that we discussed. Please review and call me if I have missed anything. I will send Mike Palmer the Transaction Agreements this afternoon. Stacy

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OUT:
Coral Energy Resources Master Agreement