Just wanted to keep you posted on this deal. You called me earlier and said that the counterparty, Deseret, had recorded this deal with Enron buying. We entered the deal with Enron selling. I have Matt Motley, Kim Ward, and Tim Belden reviewing the tapes of Kim Ward's conversation with Desret last week, in which it is clear that she was selling to Deseret. She's spoken with her contact there, who still disputes the deal and says we were buying. They're all talking it over right now, and I'll let you know as soon as we make a decisiion on whether or not to change this deal. Thanks for your patience,
Answer: 465821
Good Afternoon Folks I am sure this will come up in a month or so. We bought 20 mw from Mirant at 4 Corners for 9/27 and 9/28. Mirant cut the schedule for 9/28 because they could not get transmission. We are accepting this cut. We re-supplied our downstream and no LD's are to be billed per Mark and Holden. I changed the volume to Zero in scheduling, and wrote a note there. Lemmie know if there is trouble with this. C
Answer: MIRANT DEAL # 791874 for 9/28/01
As you are aware a "safety net" type of provision has been included in the master netting agreement to attempt to convert any underlying master agreement one way payment provision to a two way payment provision. However, this is only a safety net and should not be relied upon. It may not cover every particular definitional/form structure in an underlying master agreement. Please be sure to review the underlying master. It is probably always best to draft a contract specific amendment to convert to 2way payment since this is a critical issue to effect properly the closeout netting and setoff provisions of the master netting agreement. The specific amendment can be included in the master netting or accomplished as a separate amendment to the underlying master agreement. Any questions, call me.
Answer: READ: RE CONVERSION OF 1 WAY PAYMENTS TO TWO WAY PAYMENTS
Please attend a meeting at the following time and location to start discussions on gas quality on Northern's system. Day Thursday Date November 8 Time 2:00 to 3:30 pm Location Video Conference ECN 42C2/OMA 696 I would like to start the dialogue in what will be a series of meetings to discuss the impact of non-spec gas on Northern's system and explore solutions to the problems created by the non-spec gas. The following list of issues will be addressed on November 8 and at subsequent meetings. Randy and Danny, will you please select a representative or representatives from your respective regions to be a participants on this project? List of Issues to be explored: Identify the contaminants/gas quality problems What is our tariff specification of each contaminant? System impacts resulting to taking non-spec gas Cost to system to accept non-spec gas Revenue impact of non-spec gas What is the tariff spec of other interconnecting pipelines? Possible solutions by region and contaminant/problem Impact of proposed rules which will require Northern to post tariff waivers on gas quality This list of issues will be expanded and modified as this project moves forward. Please feel free to contact me if you have questions. Feel free to invite others to this meting that I have not included in the notification of this meeting. Penny McCarran
Answer:
Meeting on Gas Quality