DDechiaro@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: THIS IS TO CONFIRM THAT IS MEETING WILL TAKE PLACE ON MONDAY, AUGUST 13, 2001. Marty Amati is requesting a Special BSP Subcommittee Meeting on Monday, August 13, 2001. The meeting will be to consider and hopefully approve an Interim Credit Policy to support the Virtual Bidding Program. In order to support implementation of the Virtual Bidding Program on November 1, 2001, it is Critical that the related Credit Policy in Support of Virtual Bidding be filed with FERC by August 31, 2001. Following are the details for the meeting:
Answer: NYISO - Budget, Standards and Performance Subcommittee SPECIAL Meeting - 8/13/2001 - CONFIRMATION OF DATE
Gerald, We want to do a transaction with Falcon Gas where we provide them with base gas for pressure in their facility. We basically would park gas in their facility until Jan./04 to provide pressure. We are making two (mutually exclusive) proposals. Proposal 1: Park 2 Bcf of gas on October and November 01 (33,000/day), this gas would be delivered at the Lone Star WA line where it connects to the Hill Lake storage facility (Hill Lake is building a lateral that would connect to the bigger and better connected Lone Star's "X" line, this will be ready by the time we pull out our gas). Redeliver the gas to ENA at the interconnect of the Falcon lateral to the "X" line on January 04 (66,000/day). The redelivery would be done all in one month (the lateral and compressors would be in place to allow for delivery in one month). Proposal 2: Same transaction as #1 except that: We may get the option to convert 10% of our base gas to working gas (and therefore withdraw it) on the previous January (03). Please let me know if you want to meet to talk about the details. I'm attaching the draft term sheet for your review and editing (it is pre-credit but post desk pricing). Miguel E. Vasquez Manager -- Enron Storage Products
Answer: Falcon
Hi Cle, We need a revolving loan agreement between Midwest (now enovate) and Enron. Please call me at your convenience to discuss (713 345 7566). Thanks,
Answer: Enron/Midwest Energy Hub
Tony, the idea we had discussed at our meeting with Drew was somehow acquiring capacity on El Paso in order to access the South Needles interconnect with SoCal. Currently SoCal lets El Paso deliver to S. Needles but does not extend the same privilege to TW. I'm unsure how it would work. TW does have a couple of interconnects with El Paso's system. I would simply say in the memo that one solution to the constraint at Topock might be to get some shippers to switch to South Needles, and deliver gas to South Needles after twisting SoCal's arm and letting us in, or somehow acquiring capacity on El Paso (or otherwise using their system) to access South Needles. Obviously we will need to flesh this out from an economic, regulatory and legal standpoint. I will discuss it with Jeff when he returns. My apologies for the delay. Call if you have any questions or comments to discuss! S.
Answer:
PG&E question