QUESTION: Let me know if you have questions. I think we need to add Nov 2000. AND, according to Navigator, the balance in storage on 1/20/2001 is 2,973,373. Assuming ENA is owes you 40,000, the balance is 3,013,373 which is about 49% of the total storage balance. Is this a comfortable number or crititcal? Joann, are there any special storage rules for Feb and March? Are we required to have at least 40% in storage on 1/31/2001?
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QUESTION: Tana, To follow-up with the message I left with you. Cinergy Services would like to transact on US East Financial Power product PJM Bal of Day and the new Cinergy Hourly Index (which is coming on-line soon). I understand they don't have a Master Agreement under this entity. The trader mentioned a "long form confirm", which is what is governing the trades they do with us OTC and is wondering if that would suffice. Please call their attorney Mr. Jeff Gollomp to discuss. Thanks for your assistance !
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QUESTION: Holden & Lisa - Per Holden, I've changed deal 630176 from a price of $170 to $197. Terms and reasons are as follows: 6/4/01 STSW buys EPE 49 mw/HLH The other side of this deal is a sale to El Paso for $204. Kathy questioned the invoice she received from Houston this month, because the breakdown of transmission costs and fees we had given her (regarding buy-resales done by your desk on 6/1, 6/2, and 6/4) amounted to a spread of $14.06. The deals we entered into our system, and subsequently billed El Paso for, amounted to spreads of $14.06 for 6/1, $11.06 for 6/2, and $34 for 6/4. To remedy this, and extend a gesture of apology for the mistake, we've changed our buy from El Paso on the 4th to a price of $197, leaving a spread of $7 to cover our transmission costs. I've explained this to Kathy at El Paso and Amy in Settlements, and wanted to give both of you a record of the change as well. Please let me know if you have any questions. Thanks,
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June EPE Buy-Resales