When: Wednesday, October 17, 2001 9:00 AM-9:30 AM (GMT-08:00) Pacific Time (US & Canada); Tijuana. *~*~*~*~*~*~*~*~*~* The current plan is to not have a separate Enron witness but to participate with a group of marketer/generators. The planned speaker on behalf of this group is Richard Tabors. I would like to caucus with you to make sure we're ok with this.
Answer: Westwide mitigation--29 Oct Workshop
Jay: I am a lawyer with Enron. I called for you on Friday, you're out, and no one else could help. I would like to speak with a Vitol lawyer about (1) replacing our existing financial master with an ISDA (to accommodate a broader range of products) and (2) specifically incorporating the relevant ISDA definitions into the recent weather transaction confirmations even though the master is an early master energy price swap agreement. Please call me at 713 853-5620 with the information so that we can move quickly. Thank you for your help. Sara
Answer: Master Agreement (financial) between Enron North America Corp. ("Enron") and Vitol S.A.
1) The G-IMB rate is the monthly gas adjustment rate published on their web page. For Sept., it was $3.92 per Dth. (Last winter, it exceeded $60 per Dth.) The calculation under Sec 6 of the margin agreement would always use the most recently published price. 2) Their current calculation shows a short of 76,000 Dth based on usage of 648,000 and delivery of 572,000. Brent will fax me the actual documentation. 3) Gas in storage is not pledgeable for this purpose. They are saying storage gas is already required under the contract. Brent told me there will definitely be a letter sent to Enron today spelling out the request and consequences for non-compliance by the 13th. I need to know who all should receive this letter and proposed agreement.
Answer: Answers from SoCal
Good Afternoon, We have just completed the first part of the application requested this afternoon that will zero-out the schedule strip volumes for deals selected through this new program. The program I am sending you now only selects deals. The ability to zero-out the schedules will be available in about an hour. However, we want to get the program out to you guys as soon as possible so that you can find any potential bugs. Thanks, David Poston
Answer:
Important - Deal Zero Application