Hi Michelle, The presentation went as well as it could. There was quite a bit of stunned silence, but the questions are already starting to trickle in. One particular question on unemployment insurance I'm not familiar with, hoping you or Drew can help. Since the VSP is effectively a voluntary election, would employees qualify for unemployment insurance, specifically in New York State. Under the involuntary program, is the severance payment offset by unemployment compensation? You can see where this question is leading, some people may be hedging their bets on the time value of the money. Thanks
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answer: Unemployment Question
Just a reminder that I will be on vacation next week. I am thanking everyone in advance for your help on projects I may have been handling (or should have been handling!). Kaye will have phone numbers to reach me, if necessary. Sara
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answer: week of October 9 - 13
Lizy, I don't know how you see these the next morning. Please check deals 252056 (primary) and 252057, I just set these up in Sitara. This is a Tetco contract I forgot to set up in Sitara. Thanks.
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answer: New Tetco deal
The meeting yesterday with about 7 small producers in Okla went fairly well. It is obvious that they now realize that the cost of processing, if necessary is there obligation, not Northerns. We heard the same rhetoric about the history, for the past 30 years it is has been a "wet" system and they entered into contracts without any processing obligations. Northern' can't change due to this and historical operation and "unwaive" the high c6+ based on the highest receipt levels. They (Dan?? ) was very insistent that if a problem occurred, all shippers should be pro rated and NNG's tariff should be enforced at the tailgate of the Bushton plant, not the point of receipt as the tariff currently states. They asked us to file to change, potentially incorporate a default processing agreement that had to be used in the event of high concentrations of C6+-- I think you get the drift of the discussions-- don't just cut my gas, cut everyone
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answer:
Producer meeting