QUESTION: As we discussed, I never received a confirmation of the May, June and July forward gas purchase (1,000 per day at Ventura at $2.895/mmBtu). This purchase was made through Brian Frihart. I need to know if Enron plans to stand behind this purchase. Without confirmation, I will assume that the deal is no longer valid.
Propose a subject line for this email?
ANS: Confirmation of Forward Purchase
In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.
Q: What is a potential subject line for this email?
answer: New Legal Team to Assist RAC
During the March 7 meeting we reviewed the 'Proposed Accounting Timeline', which is part of the Project Update dated March 7, 2002. The proposed timeline at the bottom of the page shows that 'Imbalance Trading Ends' on the 16th calendar day of the month. GISB Standard 2.3.41 states that imbalance trading should be allowed through at least the 17th business day of the month. The language of the standard is as follows: "Standard 2.3.41 -- Transportation Service Providers should provide the ability to post and trade imbalances until at least the close of the seventeenth business day of the month."
Answer: RRS - Proposed Accounting Timeline
Here is an email: Justin - are the EnBank contracts physical or financial? It seems to me we should use the same customer profiles - that is if the contracts are physical, then any counterparty which can trade physical UK gas should have access. If the contracts are financial, then any counterparty that can trade UK derivatives should have access. Mark
What is a potential subject line for this email?
A: Counterparty access to EnBank
Q: Kam, I found the following comment in Global Counterparty regarding the suspension of TXU Energy Trading Company (CP ID 69034): Cheryl Johnson in the GCP group suspended this record due to the merger which resulted in the final name of TXU Energy Trading Company LP. It sounds like deals need to be moved over to the new CP name. You will need to coordinate that with Cheryl because she will have to re-activate the CP ID to do that. Please let me know if you have any further questions. Thanks,
Propose a subject line
A: TXU Energy Trading Company
Here is an email: In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.
What is a potential subject line for this email?
A:
New Legal Team to Assist RAC