How is your day going hoon? I am going top stop by Louis Shanks and then to the grocery store to your chicken. I hope your allergies are gone! Love
Answer: Hi
I want to thank everyone for their hard work during these trying times. Lots of our efforts in the past building systems, procedures and infrastructure pay off in times like these. Feedback from both Citibank and JPM/Chase and Enron's Board members has been very positive relative to RAC. Congratulations to all. On another note I want to caution everyone in the group from making negative statements in the presence of ours and other groups, especially more junior members of these groups. Because they come from RAC they are not considered idle commentary and can be, and have been, damaging to morale to these people. We all speculate about the state of affairs and it is a good stress relief but we can not be a part of morale reducing behavior. Things are not back to normal but they are improving. Upon receipt of commitment from banks, hopefully later today or early tomorrow, our short term issues should be resolved. Lots of activities are underway to address medium term and long term solutions. In the mean time, keep smiling. Rick
Answer: Memo to RAC
I have gotten a call from Roger Mock, CEO of American Public Energy Agency, regarding a series of transactions. In 1999 we (ENA through Enron Natural Gas Marketing Corp.) entered into a 12-year prepay. We got approximately $297MM in cash up front, with delivery obligations at various delivery points, including NNG-Demarc, Rockies, TW-SJ, NIT, Topock and Sumas over the life of the deal. Currently the end users are Clark Public Utility District (Washington State), City of Glendale (California), City of Pasadena Water and Power Department (California), and Sacramento Municipal Utility District (California). It is my understanding that ENGMC is not currently in bankruptcy. I am sending down to Mike's attention a CD with the project documents on it. I apologize in advance for the absence of a table of contents, but I felt lucky just to get the information. Teresa Bushman may have a hard copy of the documents.
Answer: APEA Gas Prepay Transaction
market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants, The NYISO web servers are down and the nyiso.com site is not available. We are working on the problem and anticipate having the servers available shortly after 3:00 p.m. Regards,
Answer:
NYISO - Web Servers Unavailable