QUESTION: FYI, The next Outage Coordination Commercial Review meeting is 11/14/01. The purpose for the meeting is to discuss outages that have a flow impact for the month of December. I will send out an outage report later today for your review. If you have any questions, please give me a call.
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ANS: Outage Commericial Review Meeting (NNG,TW, & NBPL)
OK, I haven't done this in a while. The unofficialized book list has been revised to include the 19th's data, not the 20th's. Sorry for any inconvenience.
Q: What is a potential subject line for this email?
answer: 12/19/01 Unofficialized book list - Revised
I work for Jeff Donahue in corporate development. I spoke to Bill Glass, Chief Credit officer of UBSW and hed like to meet tentatively at 8 am tomorrow morning in 49c2/c3 at 8 am. Hopefully, you are available to address their questions. I understand that you have been speaking directly to Bill heretofore. Regards
Answer: tentative 8 am meeting with Bill Glass, Chief Credit Officer
Here is an email: Dear NYISO Market Participants: Please review the attached message regarding FERC approval of the NYISO Virtual Bidding Proposal. For addtional information, please contact your NYISO Customer Relations Representative or Customer Relations HelpDesk. (See attached file: FERC APPROVES VIRTUAL BIDDING.doc) Regards,
What is a potential subject line for this email?
A: FERC Approval of the NYISO Virtual Bidding Proposal
Q: Here's an update to yesterday's meeting on this subject. Product Development (Jim Wood, JD Burrows, JeVaughn Sterling, Gillian Johnson and myself) had a brief discussion with Jim Brown (Transaction Accounting) to review the applicability of MTM accounting for the Maryland index product. With relatively minor contract changes (to ensure the product is an "Index Plus" structure) the conclusion of the discussion was that the product should qualify for MTM. Market costs will not necessarily match revenues (for the reasons we discussed yesterday) which should make the product eligible for MTM. The desk would have an index position. The desk can then choose to manage the position or not. Nina and I certainly want to make sure you agree with this reasoning. Here's a 1st draft of a TC with marked revisions. The "Management Fee" is eliminated and replaced with EESI Energy Index Price plus $__/kWh in this draft.
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A: Maryland "Index Plus" Product
Here is an email: John, I have reviewed the contracts (Asset Agreement and the GPA) and here are my= thoughts regarding your request. In short, the agreements do not specific= ally address capacity being needed by third parties. ENA does have a right= to all of their capacity free and clear of all encumbrances. Last year we= did discuss this issue (the interruptible VNG customers wanting to take re= leases of VNG capacity), but at the time Jim Scabareti indicated that he wa= s going to play hard ball with his interruptible shippers in year 2 (i.e. n= ow), since VNG was really getting tight on assets due year-on-year load gro= wth and no new capacity additions. He gave the assets up last year because= he did not want to have any noise at the VSCC when the VSCC was considerin= g the affiliate relationship between VNG and AGLES. However, as I reflect = on it now, it seems to me that VNG (aka Sequent) really needs to weigh heav= ily the decision to release any assets to third parties through this winter= (interruptible or otherwise). At a minimum, any releases should be done r= ecallable based on weather forecasts based on some HDD amount. The profit = sharing provision is the same for years 1 and 2. My suggestion is that you do the following: (1) remind Sequent about the de= liverability issue facing VNG and (2) develop a plan with Sequent for talki= ng to Customers, so as to minimize any VSCC risk since the VSCC thinks Sequ= ent is VNG's asset manager. =20 Mark Breese is back in the office tomorrow and I will confer with him as we= ll. You might seek Jeff Hodge's thoughts as well. If you have any questio= ns, please ask. Regards,
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A:
VNG transportation capacity