Richard: In the US we have changed our swap agreement forms to provide for arbitration in order to avoid having to explain the intricacies of derivatives trading to judges or, God forbid, juries. In Canada we are continuing to submit to the jurisdiction of Canadian courts (on the theory that there are no juries in civil actions and arbitration is rarely used in Canadian contracts generally). As we are presently in the process of revising our UK swap agreement forms, I guess it's time to revisit the issue as it applies to UK agreements. Currently we agree to UK law and the jurisdiction of UK courts (where there are no juries in civil actions). Should this continue to be our policy or should we begin going for arbitration in the UK contracts also? I would ask Paul and Scott to let Richard and me know if arbitration is widely enough used in UK agreements that we can get away with asking for it. Thanks,
Answer: UK Courts vs. Arbitration for UK Swap Agreements
Dave, Per Barry's request, attached is our firm GTC and confirm for gas purchase/sale. The GTC is typically only for deal which are 6 months or less. Credit also need to review the counterparty. Depending on the circumstances, a Master Firm Purchase/Sale Agreement may need to be put into place. Let me know if you would like a copy of the master.
Answer: Firm GTC
Good Afternoon Folks I am sure this will come up in a month or so. We bought 20 mw from Mirant at 4 Corners for 9/27 and 9/28. Mirant cut the schedule for 9/28 because they could not get transmission. We are accepting this cut. We re-supplied our downstream and no LD's are to be billed per Mark and Holden. I changed the volume to Zero in scheduling, and wrote a note there. Lemmie know if there is trouble with this. C
Answer: MIRANT DEAL # 791874 for 9/28/01
Came across this deal while balancing the books Weds pm. It looks like a preschedule for Weds that was booked into the EPMI-HRLY-SE book. Just making sure this is correct? brant
Answer:
Book Correct ??? Enpower 851978