Here is an email: CES has a synthetic storage deal with Equitable Gas Company on Texas Eastern. CES gave Equitable 100,000 dth in April 1999 and Equitable is giving CES the gas back in January 2000 in Tetco M2. According to my new best buddy Fred at Equitable, CES will pay Equitable $.65 /dth after the January transaction is complete. Here are my questions/comments; 1. David - please look at the new deal I created for this exchange (deal 146788). The existing deal (deal 138741) is set up as a pipeline exchange. I believe the counterparty should be Equitable Gas Company which is the LDC. If it looks OK to you, I will kill the old deal and add the volumes to the new deal. Please let me know ASAP. 2. Linda/David - do we have CES's contract with Equitable? I would like to see a) what CES was paying Equitable for this deal and b) when the payment was due. 3. David/Stephanie - if the deal is structured the way Fred described it above, where do we put the $.65 fee at? 4. Linda - Fred has not received any assignment notices regarding CES deals. He doesn't know if he should bill CES or Enron North America. Who should he talk to about that?? Please forward this email to others that may need to see it. Thanks
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Equitabel Gas Company Exchange on Tetco