Power Marketers QSE Services - Full Service Contract Length No Term 1 Year 3 Year MINIMUM ANNUAL FEE $120,000 $108,000 $102,000 $/MWh $/MWh $/MWh Energy Scheduling (includes reserve products) 0.08 0.065 0.055 Settlement 0.08 0.065 0.055 MAXIMUM ANNUAL FEE No limit $400,000 $380,000 Thane indicated that we could possibly do a 1 or 2 month contract, thus avoiding "LD's" for a NO TERM contract.. He also indicated that the Minimum Annual Fee is really monthly--thus under the No Term scenario, with a 60-day cancellation: if we were to terminate & begin using our own QSE prior to the 60 day cancellation we'd only be liable for the $20K in "Liquidated Damages"...$10K monthly minimum * 2 months. The point is, if we only use 2 months we're not liable for $100K for unused months because of the "MINIMUM ANNUAL FEE OF $120K."
Q: What is a potential subject line for this email?
answer: Initial APX Information
Jeff, Jim and I spoke today about having Enron participate separately in this proceeding -- responding to the utilities' plans to be filed today. I believe that AReM will take a strong position and will incorporate any comments we have. I don't see anything we can gain by paying for a separate filing under Enron's name. Jim agreed. Jim asked that you call him if you have major concerns with this approach.
Q: What is a potential subject line for this email?
answer: Implementation of DA Suspension--Enron participation
Hi Mike, Sorry I missed you when you returned by call this am. I have some concerns about the voice mail you left re: assignment language. Enron can't stay on the hook for payment if the agreement is assigned, as this would bust the financing/accounting arrangement. What we have tried to do to meet your concerns is to see that ABB has a contract with a party which is as financially sound as Enron by adding the guaranty language. This addresses ABB's request that the party with the payment obligation have the "financial wherewithall" to make the payments. This is a big change from where we were in the last contract. I've had a request to get an approximate storage cost (monthly) for budgetary purposes. This is in connection with the buy back arrangement. Can you give me a guesstimate? Thanks,
Q: What is a potential subject line for this email?
answer: Contract
Carol: Hope all is well. We are missing you every day. (1) On a "swap" related note, we have a Canadian party requesting the ability to post cash collateral to ENA. Can you recall where we left off on the issue? I seem to remember conflicting advice (Peter's insistence upon the Stikeman memo and ENA simply not agreeing to accept cash) and uncertainty as to how ENA could perfect its interest and what law governs (in cash held in a U.S. account). (2) On a "credit" related note, I was forwarded the 7/24/00 Margin Exception
Q: What is a potential subject line for this email?
answer:
Cash collateral in Canada