QUESTION: I just set up all the deal tickets for the CGAS New Power storage contract for Nov-Mar. We believe our agency relationship with New Power will end effective March 31, 2001. The deal numbers are on the attached worksheet. I entered the following deals at a zero commodity 470563 Buy exchange 470582 Sell Cpr Storage 470587 Buy CPR Storage 470568 Sell exchange I added about 7500 dth to deal 456379 for November and I extended it through March 31. I'm kinda sleepy so I probably made a few mistakes.
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ANS: CGAS storage/exchange deal tickets for Nov-Mar

QUESTION: Going forward, I suggest the following. Procedure for Storage Confirmation and Execution: 1. Storage contracts mailed to trader. 2. Trader forwards contract to short-term transport book 3. Transport book verifies deal terms, sends a copy to back office, gets approriate signature on original, mail original to counterparty, contact counterparty to inform them that contract is executed and mailed back. 4. Back office verifies terms, add contract to a binder, send copy to confirmation group. 5. Confirmation group verifies terms, add contract to their files, send a copy to Global group to scan contract in the system in order to view contract on-line via Information Management System
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ANS: Procedures to confirm and execute storage contracts

QUESTION: I recently heard from David Marshall in the Risk Management Group that we may have made or were contemplating a claim against Ron Anderson of IBC Turbo for misrepresenting the quality of the gas turbines that he procured for us. Marshall said that you were the person who would know. Anderson is a potentially crucial witness for us if we decide to pursue Underwriters on the insurance claim arising out of the failure of the Doyle Unit #1, which is one of the gas turbines that he procured for us and that was located in Monroe, Georgia at the Doyle plant. Are you the man I need to talk to? I know you are underwater. Is there anyone else who would know about this? Britt
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ANS:
In re Doyle Claim Against Underwriters