Yesterday, the European Commission adopted a climate change package, which includes a draft directive on emissions trading, an instrument of EU ratification of the Kyoto Protocol and policies and measures to reduce greenhouse gas emissions. Please the attached press release outlining the package. Major provisions of the draft emissions trading directive include: The emissions trading scheme has two phases -- first phase (2005 - 2007), second phase (2008 - 2012)
Answer: EU emissions trading directive and climate change plan released....
COLUMBIA GAS TRANSMISSION CORPORATION NOTICE TO ALL INTERESTED PARTIES NOVEMBER 27, 2001 Notice ID: 3296 5 - NO RESPONSE REQUIRED SUBJECT: AUCTION OF FTS, SST, AND FSS CAPACITY Columbia Gas Transmission has posted the following offers of FTS, SST, and FSS capacity. Additional details of this capacity may be found in the Columbia Internet NAVIGATOR system under the Capacity Release Folder, Offers, Offers Summary, Offer Type, Capacity Auctions, under the following offer numbers: Offer Rate Receipt No. Schedule Point Delivery Point 34284 FTS Leach Market Area 8 34285 FTS Delmont Agg. Market Area 36 34286 SST Stow Market Areas 1, 8, 9 34287 FSS 34282 SST Stow Market Areas 1, 3, 5, 8, 9, 15 34283 FSS 34288 SST Stow Market Areas 1, 7 34289 FSS 34290 SST Stow Market Area 26 34291 FSS 34280 FTS McClellandtown Agg. Market Area 26 34278 FTS Delmont Agg. Market Area 36 34279 FTS Delmont Market Area 27 34316 SST Stow Market Areas 2, 4, 6 34317 FSS 34318 SST Stow Market Area 1 34319 FSS 34320 SST Stow Market Areas 1, 35 34321 FSS 34299 FTS Leach Market Area 5 34300 FTS Lebanon Market Area 6 34301 FTS Lebanon Market Area 6 34302 FTS Leach Market Area 8 34303 FTS Leach Market Area 8 34304 FTS Leach Market Area 9 34305 FTS Leach Market Area 10 34306 FTS Leach Market Area 10 34307 FTS Leach Market Area 12 34308 FTS Leach Market Area 15 34309 FTS Leach Market Area 19 34310 FTS Alexander Agg. Market Area 32 34311 FTS Highland Market Area 38 34312 FTS Crossroads Market Area 1 34313 FTS Dungannon Market Area 4 For additional information, please contact your Account Representative or your Customer Services Team.
Answer: TCO - AUCTION OF FTS, SST, AND FSS CAPACITY
Thanks for dealing with Tana on these issues. It is not entirely clear to me what you want the policy to be regarding which counterparties have access to Australian power products. You probably already know that the EnronOnline people want every counterparty everywhere in the world to have access to every product unless Credit or Legal can justify restricting their access. Credit already performs a financial test on each counterparty to determine if they meet the CFTC Eligible Swap Participant requirements. Unfortunately, that test is not as restrictive as the Australian tangible assets test. It sounds like there should be a US$6 million tangible assets test applied by Credit before we give any counterparty access to Australian Power (this would be a total pain but certainly possible). On the other hand, if you feel comfortable giving access to non-Australian counterparties without that test being performed, we can do that, too. Pleas let me know if we should ask Credit to start performing this test on all counterparties or if it should be limited to Australian entities.
Answer: EnronOnline access to Australian Power products
As usual, the lawyers are the last to know. Stuart is working on a transaction to sell the asset (Gleason), and therefore this ageement needs to be documented asap, which means in the next few days. Please review the attached and give me a call. Thanks,
Answer:
SWPC Agreement for Gleason