IN: Talked to Dave. In a nut shell, here are the problem areas in the bill as he sees it. It was a very brief conversation, but I think I've captured the key points: Based on an expectation that the "expedited siting" bill would help site plants, Dave's group had six plants on the drawing board. The 5 ppm requirement kills 4 of the 6, i.e., the 4 can't meet the 5 ppm requirement. The requirement that the plants would either be 1) shut down after 3 years or 2) replaced with a combined-cycle plant kills the other 2 because a) shutting down the plants in 3 years kills the economics, and b) the sites for the two LM-6000s can't accomodate combined cylces (i.e., Dave couldn't get siting). In addition,the generator would be required to sign an exclusive with the ISO (which the EOB would have to approve), which takes away the optionality of going to the market, thus killing the economics. On the labor side, it's complicated, but in essence, by requiring that "...it be shown that the applicant has a contract with a general contractor and has contracted for an adequate supply of skilled labor to construct, operate, and maintain the plant," it forces Dave to negotiate a labor deal before he knows what the project is (i.e, before the project has been approved), and, it effectively prevents Enron from having the option to use internal resources (this issue is very specific to Enron; I can explain more if folks prefer). In short, bullets 1-3 would seem to affect both Enron and the market, while the last bullet is, according to Dave, very Enron specific. Point 2 in bullet 4, according to Dave is sensitive and should not be made public. If any questions, let me know. Bruno has emailed the price cap and the "general-funds-to-help-finance-the-cap" bills, and faxed the siting bill. Best,

Generate a subject line.

OUT: Conversation with Dave Parquet re: siting bill
IN: This is an email
Mr. Skilling, Rev. Lawson would like to thank you for extending to him the invitation to participate in the 2001 Big Cats Gala on June 14, 2001 at the Bronx Zoo in New York. Unfortunately, he will not be able to attend the event, and the Wheeler Avenue budget for this year is not such that we can comfortably make a contribution. He would like to convey to Mr. Lay, however, that he rejoices with this esteemed honor and will continue to keep his friend in his prayers. Thank you,

What is the subject?

OUT: WCS Event honoring Mr. Lay
QUESTION: Curt Hribernik Proliance Energy, LLC I am receipt of your e-mail concerning comments to the Master Agreement. As previously discussed, we await a letter of credit from your company. My comments are as follows: Article 2.3 Equipment and Transaction Tape We do not agree to the suggest change to language in this section. Article 2.4 Confirmations We agree to extend the response time to confirms to 48 hours. Article 3.2 Seller's Failure to Schedule We do not agree to the suggest change to language in this Article. Article 4. Defaults and Remedies We do not agree to delete "any or" and "selected by it" in this section or references to arbitration. This agreement is draft in order that selection can be made by either party as to transactions to cancel or retain. Article 4.2. Triggering Event The amounts in this Article are from the credit department. Please provide me with your suggested changes and I will forward same to credit. Article 4.4 Offset We do not agree to suggested changes to this section. Article 4.6 Collateral Requirement/Termination Payment Threshold The amounts in this Article are from the credit department. Please provide me with your suggested changes and I will forward same to credit. Article 6.2 New Taxes We refer you to Article 6.1 and Section 4.1. Article 7.1 Title, Risk of Loss, Indemnity and Balancing We do not agree to suggested changes to this section as sections on "Representations and Warranties" and " Gas Specifications" speak to quality standards. Article 8.5 Applicable Law We agree to suggested New York law. Appendix 1. Enfolio General Provisions Changes to "Material Adverse Change" are credit decisions. I will forward your remarks to credit. Appendix 1. Enfolio General Provisions Gas Specifications: We do not agree to suggest changes to this provision. Appendix 1. Enfolio General Provisions Multiple Delivery Point Utilization: We do not agree to suggest changes to this provision. Appendix 1: Arbitration Disputes to be Arbitrated We do not agree to suggest changes to this provision. Please do not hesitate to contact me with any questions and or comments regarding this matter. Regards,
Propose a subject line for this email?
ANS: Master Firm Purchase/Sale Agreement
Our group has been selling NOV to hedge our short basis position. Our phys fixed priced liquidity this morning put us in a longer nov nymex position. We have sold 872 since 11:00 am. Grigsby
Q: What is a potential subject line for this email?
answer: nov nymex
Let's make sure we are doing this every night. I think Jason has been running the official post id macro most nights, but we need to have the last person finished do it every day. I sure can crank out the emails when I get some uninterrupted time to myself! DG
Answer: V@R
Q: Are you still working every other day? Please see my SITA message to Sharon Lewis and let me know the most efficient way of proceeding. Thanks. Sara
Propose a subject line
A:
SITA