Here is an email: Copy of order to follow. Here's a quick summary. Does not look great for the utilities. More to follow. one cent/kwh charge for all customers--equals 9% for rez, 7% for small biz,
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A: PUC DRAFT Decision
Here is an email: I think this is the most recent version of the ETA. Obviously, this is the UK version and Sullivan & Cromwell are turning it into a US document. The US version will be governed by NY law and contain an arbitration clause. We're also trying to figure out how much to say about the confirmation process since it may vary from product to product and will almost certainly be different from the UK version. Speaking of which, I was surprised to find that they have the telephone conversation (and in this case the web site records) control over a confirmation which has been signed by both parties. What's the practice in your part of the world? One alternative is to insert the language (or something like it) that we use in financial trading which says that we will send a written confirm, gives the counterparty a short time (2 or 3 days) to respond and indicates that silence will be deemed acceptance. Would that work for your deals? Anyway, I'm in NY today and tomorrow, back in the office on Wed. Louise is insistent that the GTC's be available to be uploaded this weekend. I'll be calling in periodically tomorrow and will try to get you since I'm sure you will have issues to discuss - and now is the right time to get changes made to the ETA if necessary.
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A: Revised documentation
Here is an email: Hey guys, Here are your positions for tonight. We are off on FT CAN, but remember I included the Exotics text file in that position. I am also attaching IM Canada. Please let me know how it looks as soon as possible so we can resolve variances before the system is shut down. Thanks,
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A:
Canada Positions