Here is an email: Everyone, With lots of great help from Bert and Beverly, a timeline of the Transwestern confirmation process with El Paso has been documented and is attached. Also, at the bottom of this attachment are several issues that have been identified in looking at the EDI process. I will be getting a meeting together either Friday or early next week to discuss. Thanks,
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A: Confirmations - Transwestern with El Paso
Here is an email: Happy Monday - or whenever it is that you are blessed with the receipt of this message. A funny thing happened to me on my way to upload the PX deals on Friday. I went to process the data and was rudely stopped by an error message stating the following: Error establishing lock on Trader ID and Trader Date: Trader Already Locked (_InboxAC11AC92.913Aoc376A1622250.4) Interesting, isn't it? So I entered the PX deals manually and went along my merry way. Just thought you should know.
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A: Fun with Computers
Here is an email: Just met with the industry group trying to come up with a solution for California. The group liked our portfolio approach. In sum: A portfolio approach is the right long-term solution. In the short run, our illustrative portfolios show that the utilities ought to immediately fill a modest portion of their requirements via fixed-price, long term contracts, and those contracts should be found reasonable, up front, so long as the utility uses a competitive auction. To stimulate discussion we proposed that the utility fill 5% of its net short position with 5-year, fixed-price contracts and 5% from 10-year, fixed-price contracts. Everyone on the call liked the proposal. After some discussion about whether 5%-5% was the right one, Edison agreed to come to Friday's meeting with its proposal for price/term/quantity that it ought to contract for immediately. (Edison may want the number to be higher, and the baskets to be different.) Anything can happen between now and Friday, but thus far looks positive. Thanks to everyone for the help in getting the proposal together, Steve Swain in particular. (Steve: We may get asked to run a few more illustrative portfolios for the group.) I'll report back on what happens at the meeting on Friday. If there are any questions, etc., just let me know. Best,
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A:
Industry Group Likes Our Portfolio Approach