We would like to change the Netco directory name to UBS. We will have to change the links to the NGP&L and anything else that links to files in Netco. Let me know this morning if that will be a major problem for anyone. Thanks
Answer: Netco
Hi, You have just been officially added to E283 Real Estate Financing. Please come by to pick up any books or readers in the Evening MBA office. If you don't want to add this class, please let me know right away! Thanks,
Answer: E283 Real Estate Financing
Kim, Stewart and I met with Tom Lee (tomlee@ncpa.com; 916.761.4220) of NCPA yesterday. NCPA is looking to restructure a power deal with Calpine and a gas basis deal with Pan Canadian. The following summarizes the gas transaction and the re-structuring as proposed by Tom. Current Gas Structure Term: January 1, 2002 - December 31, 2002 Quantity: 5,000 MMBtu/d Delivery Pt. : PG&E City-Gate Price: NYMEX + $3.37/MMBtu Re-Structuring Option 1 Extend the term through 2004. What is the blended basis? Re-Structuring Option 2 (Kim, please note that the following structure is Tom Lee's creation). ENA assumes NCPA's position for Q2 2002 only (April-June): 5,000 MMBtu/d @ PG&E City-Gate @ NYMEX + $3.37/MMBtu. ENA buys 3 puts from NCPA involving 5,000 MMBtu/d @ PG&E City-Gate over a 3 year term ending 2004: a) Exercisable on Dec 15, 2001, ENA has the option to put 5,000 MMBtu/d to NCPA in Q1, Q3 and/or Q4 of 2002. b) Exercisable on Dec 15, 2002, ENA has the option to put 5,000 MMBtu/d to NCPA in Q1, Q2, Q3 and/or Q4 of 2003. c) Exercisable on Dec 15, 2003, ENA has the option to put 5,000 MMBtu/d to NCPA in Q1, Q2, Q3 and/or Q4 of 2004. What is the strike price? Re-Structuring Option 3 (Kim, this is my idea. That is, I think this makes more sense than Tom's). ENA assumes NCPA's position for Q2 2002 only (April-June): 5,000 MMBtu/d @ PG&E City-Gate @ NYMEX + $3.37/MMBtu. ENA sells NCPA 5,000 MMBtu/d of gas at PG&E City-gate for calendar years 2002 through 2004 except for Q2 2002. Given that we are absorbing the $3.37/MMBtu basis for Q2 2002, what is the all-in fixed price for this sale? Tom is looking for an answer ASAP. Is the above confusing enough? Call me if we need to talk about this. Laird
Answer: NCPA Gas Restructuring
Get Connected with e-Statements. Sign up for Electronic Statements from Enron Federal Credit Union by November 15 to be entered into a contest to win a Palm Vx! Log on to www.enronfcu.com to apply or for more information.
Answer:
EFCU Gets You Connected