Virendra, Let me know when you are available to discuss the Gas Daily GRMS logic. It is my understanding that GRMS currently will only include those gas daily deals that are intramonth deals with an effective date greater than the current date. However, we should also include any deals in out months that are fixed price gas daily deals. Thanks,
Answer: Gas Daily Logic
Thank you for your e-mail and phone call! We received both and were really sorry not to be here when you called. I guess we were both at work. When we were watching this tragedy on TV Tuesday, we couldn't remember exactly when you were coming home, so called your office. Holly called us back to say that you were due back Wednesday. That was a relief because we knew you weren't in the air on Tuesday. It just dawned on me this morning that your e-mail was from you usual address so you could probably receive mail in London at that address as well as send. Tim called about 10:45 Tuesday morning to say that they weren't allowing anyone to leave his base so he was stuck there for awhile but Sharon was OK and going home. Either his information was erroneous or the base was opened not long thereafter because he was also allowed to leave and both were home by early afternoon. I was concerned about how long it would take Sharon to drive home because 20 years ago when I was driving home during a storm and all the government offices were closing, it was a zoo. It turned out that Sharon drove right along the river and up Rock Creek Park with hardly any traffic since the streets between hers along the river and the rest of the city were already closed so no streets were emptying into hers. Tim Bunce was in the air on his way to California. They brought his flight down in Dallas and he was planning to drive home from Dallas. Someone at my office told me yesterday that her brother was stuck in Houston and was driving back to Cincinnati! Nick's sixth grade class in Wyoming was told about the situation. I don't know if they let them watch the TV. Janet was oblivious--out doing
Answer: I'm in London
Lisa, I'm the commercial person responsible for the sale of the Alberta PPA. I was looking for an update on where this issue is at. It is my understanding that we need to have the bankruptcy court bless ENA's shareholders resolution for the sale of the PPA. Have we applied to the court to hear this matter? What does the prospective timing look like? I'm assuming that you are the individual responsible for coordinating this effort. We are in a situation here where collateral demands ($23.7MM) have been made on Enron Canada Power Corp. which are due on Tuesday, December 18. ECPC does not have the capacity to post this collateral. It is my fear that the counterparty demanding the collateral will petition ECPC into court protection upon non-compliance with the collateral demand. Additionally, it is unclear how any court proceeding with Enron Canada Corp. may affect both ECPC and the PPA. It is my understanding that there may be some activity on this front early next week. Either one of these issues may cause a default under the PPA. At that point in time the Owner of the PPA is free to terminate. If the PPA is terminated, the value of this asset would go to zero. It is clear that the Owner of the PPA is itching to terminate and this would terminate the proposed sale to Altagas Services of $215 MM. Could you please get back to me with some guidance on this issue. ENRON CANADA CORP. Derek J. Davies Vice President
Answer: Alberta PPA
Greg, I wanted to forward this letter to you that I received from a good friend of mine who is interested in discussing global steel trading oppotunities with Enron. If you don't mind, I would like to have Chase Belew call you to possibly set up a meeting. I work on the west gas trading desk. You can reach me at x37031. Thank you for your assistance. Sincerely,
Answer:
Meeting with Enron Networks