The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. Due to technical difficulties, this week's Commitment of Traders is abbreviated. (See attached file: Commitment of Traders.pdf) - Commitment of Traders.pdf
Answer: Commitment of Traders
Here is an email: Regent Energy in Pact to Develop 500 MW Plant Regent Energy recently executed a contract with Millennium Energy Ventures, a private Houston-based venture capital and project development company, to develop an electric plant with 500 MW generating capacity on Regent's Horseshoe Gallup lease in San Juan County, NM. Regent will own 75% of the project, while MEVCO will own the remaining 25%. The estimated cost of the project comes in at $250 million. Under the agreement, MEVCO will manage the permitting, estimated at 6 to 9 months, and construction process, arranging the equity as needed for same. Regent will be prepared to give up 50% (total) of its 75% net for the financing, netting a 25% interest following the equity/debt financing. Further terms of the agreement provide that MEVCO will assist Regent in the acquisition of several gas fields in the Four Corners area, San Juan and Rio Ariba Counties of New Mexico, totaling an estimated 90+ Bcf and 20 MMcf/d current production. This production will be sufficient to power 100 MW of the power plant, with the remaining supply to be aggregated from other San Juan producers. MEVCO Managing Director Phillip Gennarelli noted, "We are pleased to be involved in this project with Regent. The addition of more producing properties in the area that we bring Regent, coupled with Regent's Horseshoe Gallup holdings, which are in direct proximity with the existing Four Corners Power Plant and the route of the recently announced Sonoran Pipeline venture of Calpine and Kinder Morgan, will provide an unequaled opportunity for both companies." Regent President John Ehrman said, "The additional production from producing properties which MEVCO is assisting Regent in purchasing, currently producing some $1.5 million per month in net operating income, coupled with the additional income through power generation helps Regent to maximize the location of our holdings in relation to the proximity of the existing power plant and transmission lines to key electricity markets in Los Angeles and other western markets. It is a good use of our surface lease, not related to the current proved mineral reserves of the lease." The producing oil and properties which MEVCO is assisting Regent in purchasing are in Regent's core area of the Four Corners region near Farmington, NM. Regent will be required to finance the acquisition of the oil and gas proven producing properties under consideration. Recently, Regent announced that it was in the process of purchasing the interests of all remaining working interest owners in the field, a transaction that is expected to be consummated by the end of the third quarter 2001, giving Regent 100% ownership of the current minerals on the lease.
What is a potential subject line for this email?
A: New Mexico Power Plant Project
Q: Susan: I need to see if we ever incorporated any P&G comments into any prior draft. Then we should redraft a new master (but let's speak with Ed first). Thanks. Sara
Propose a subject line
A: Procter & Gamble Master ISDA
IN: Hey, It's 8:30 and I'm still at work. Did I mention I really need this vacation? Anyway, I have a couple of questions for you. Is there anything special you'd like me to bring over (that your Mom isn't getting for you). I talked to your Mom yesterday and she mentioned a craving for Turkey Jerky. If you want me to bring some over just let me know where to buy it. Also, do you have any predictions for the weather. I'm planning on bringing the following - jeans, sweatshirt, black pants & skirt, black cardigan, "rain coat" (I put it in quotes b/c I know mine won't be official), some "go out" close, running shoes, heels, and boots, 2 sweaters, varying tops, and a pair of shorts. I always end up over-packing, but I'm really going to try to pare down. I'm assuming you have a blow-dryer so I can leave mine at home. I talked to Darren today and he said Friday sounded good...and, I sent an email to Nick so hopefully it will work for him as well. I also emailed Jessica's friend Ashley who's living over there and she wanted to get together maybe for lunch or something over the weekend. I've been checking out the Tube Maps on the Web and don't think I should have much of a problem getting to your place. I assume I'm going to want to get off at the Holland Park tube stop. Should be a piece of cake, right? Any bright ideas of how to get your extra set of keys to me Friday morning? I guess there isn't really anywhere for you to hide them around your flat (i.e. under the doormat or over the door frame?). See you soon, Susan - I may have to pump Darren for a little bit of info Friday night (subtly of course)...Like did he know that I didn't know about Ted's "past" - maybe you can find out why the marriage ended.

Generate a subject line.

OUT: Time to start planning...
IN: This is an email
Julie Markantonis has her ladder over at my house (908 Bomar). Not sure how tall it is, but it is very tall. She says you can use it if it will work.

What is the subject?

OUT: *EMCA* John, we have a stepladder over here
I have received the executed First Amendment to ISDA Master Agreement dated as of May 25, 1999. This amendment deletes the prior Confidentiality provision in the ISDA Master Agreement and replaces it with our current Confidentiality language. This change will allow either party to provide copies of the agreement to its Affiliates. Copies will be distributed.
Answer:
Duke Energy Trading and Marketing, L.L.C.