Jaime: Just wanted to update you on the call that I had this morning with Jose and Pablo. As a general matter, I think that we are going to be okay with offering physical and financial derivative products to Mexican counterparties online. They are in the process of reviewing the online documents and will get back to me sometime next week with any thoughts or recommendations. One area that we will need to be careful in is in how we market Enron Online for there are restrictions in connection with the offering of "securities". While it is fairly clear that commodity based derivatives are not securities there may be other products where it is not so clear cut. I think that it would be very helpful if you would send to Jose and Pablo the Online materials (i.e, brochures etc.) that we would plan to send to prospective counterparties so that we can make sure that our marketing efforts don't violate any restrictions taht we would be subject to. Here is their address:
Q: What is a potential subject line for this email?
answer: Update
To forecast Entex: We have a database that contains the citygate volumes by day, with the low and high temps for each day. When we get a weather report for the new day, we enter the projected low temp and the spread into the file. The database is sorted by that information with a +/- 2 degrees on the temps, and provides an average volume for that criteria. (For example: With temps of 40-60, the sort would produce a list of the volumes pulled for each day with a low of 38 to 42 degrees and a temperature spread of 20 to 22 degrees. An average is then calculated from that volumetric data. In this case, the average is calculated to 259,000 Mmbtu.) Upon calculating the average, we then apply information we obtain through daily business and adjust that estimate. Things to consider: if weather is cloudy or sunny, wet or dry; wind chill; Entex's obligation on Midcon; Entex's recent operating procedures; Entex takes versus our prior estimates (have we been under or overestimating volumes each day), etc. Additionally, since we only see about 30% of the meters, we apply a factor to estimate the remaining 70%. If we have an unaccounted volume for a few days that is fairly consistent (and we have determined that the ua4 has not been caused by something else), we may adjust the factor to bring the estimates more in line. Let me know if you have any questions. Daren
Q: What is a potential subject line for this email?
answer: Entex Forecasting
Hello, Mark. The person you can speak to at Enron is Eric Shaw=20 (44.207.783.5408) - he heads up that part of Europe out of our London=20 office. By copy of this e-mail, I'm letting him know to expect your call. Glad to hear all is well. Good luck with your project! SRS "Mark Skilling" <markskilling@hotmail.com> on 07/31/2000 06:54:52 AM
Q: What is a potential subject line for this email?
answer: Turkey
Hi again, Have you been asked to prepare the promissory notes referenced in the letter agreement? If not, please put this on the list. Also, what else will need to be prepared to close this deal? I haven't heard for Coral yet, so I don't know if they bought in on closing early next week yet. Since funding is required they may balk. As soon as I know something I will let you know. Thanks again for your help,
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answer:
Coral transaction