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Subject: intelligence : el paso capacity - - someone has upped the ante but | |
match still possible | |
fyi . kim . | |
- - - - - - - - - - - - - - - - - - - - - - forwarded by kimberly watson / et & s / enron on 12 / 16 / 99 | |
04 : 51 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - | |
lorna brennan | |
12 / 16 / 99 09 : 59 am | |
to : rockey storie / et & s / enron @ enron , stephanie miller / et & s / enron @ enron , kent | |
miller / et & s / enron @ enron , john dushinske / et & s / enron @ enron , dave | |
neubauer / et & s / enron @ enron , michael bodnar / et & s / enron @ enron , joni | |
bollinger / et & s / enron @ enron , david badura / et & s / enron @ enron , janet | |
bowers / et & s / enron @ enron , craig buehler / et & s / enron @ enron , bob | |
burleson / et & s / enron @ enron , allen cohrs / et & s / enron @ enron , john | |
fiscus / et & s / enron @ enron , bret fritch / et & s / enron @ enron , steve | |
gilbert / et & s / enron @ enron , morgan gottsponer / et & s / enron @ enron , brenda | |
harris / et & s / enron @ enron , james harvey / et & s / enron @ enron , stephen | |
herber / et & s / enron @ enron , dana jones / et & s / enron @ enron , jane | |
joyce / et & s / enron @ enron , stephanie korbelik / et & s / enron @ enron , therese | |
lohman / et & s / enron @ enron , bill mangels / et & s / enron @ enron , penny | |
mccarran / et & s / enron @ enron , vernon mercaldo / et & s / enron @ enron , larry | |
pavlou / et & s / enron @ enron , eileen peebles / et & s / enron @ enron , maria | |
perales / et & s / enron @ enron , tony perry / et & s / enron @ enron , loren | |
penkava / et & s / enron @ enron , ken powers / et & s / enron @ enron , joan | |
schwieger / et & s / enron @ enron , chris sebesta / et & s / enron @ enron , frank | |
semin / et & s / enron @ enron , neal shaw / et & s / enron @ enron , larry | |
swett / et & s / enron @ enron , kay threet / et & s / enron @ enron , mike | |
ullom / et & s / enron @ enron , lisa valley / et & s / enron @ enron , chuck | |
wilkinson / et & s / enron @ enron , jim wiltfong / et & s / enron @ enron , jo | |
williams / et & s / enron @ enron , karen lagerstrom / et & s / enron @ enron , ray | |
stelly / et & s / enron @ enron , bob stevens / et & s / enron @ enron , sue m | |
neville / et & s / enron @ enron , mike barry / et & s / enron @ enron , miriam | |
martinez / et & s / enron @ enron , martha janousek / et & s / enron @ enron , kimberly | |
watson / et & s / enron @ enron , don powell / et & s / enron @ enron , melinda | |
tosoni / et & s / enron @ enron , steve weller / et & s / enron @ enron , michael g | |
stage / et & s / enron @ enron , tim johanson / et & s / enron @ enron , mike | |
mcgowan / et & s / enron @ enron , lynn blair / et & s / enron @ enron , rick | |
dietz / et & s / enron @ enron , steven january / et & s / enron @ enron , sheila | |
nacey / et & s / enron @ enron , steven harris / et & s / enron @ enron , lindy | |
donoho / et & s / enron @ enron , jeffery fawcett / et & s / enron @ enron , lorraine | |
lindberg / et & s / enron @ enron , kevin hyatt / et & s / enron @ enron , christine | |
stokes / et & s / enron @ enron , julia white / et & s / enron @ enron | |
cc : | |
subject : intelligence : el paso capacity - - someone has upped the ante but match | |
still possible | |
negotiated el paso deal topped | |
el paso confirmed that someone had upped the ante on the negotiated deal | |
for slightly | |
more than 1 . 2 bcf / d in firm capacity to the california border that was | |
announced friday | |
( see daily gpi , dec . 13 ) . a higher bid was submitted prior to | |
wednesday ' s 1 p . m . mst | |
deadline in a four - day open season , a pipeline spokesman said . however , | |
the original | |
negotiating party has until this afternoon to match the new price and | |
retain the capacity . | |
the new bid was for $ 38 million over one year starting jan . 1 , about $ 8 | |
million more than | |
the amount in friday ' s announcement ( $ 30 million ) . one source called it | |
" ridiculous " that | |
someone was willing to pay so much for the space , given that on a | |
mark - to - market basis | |
the capacity is worth only about $ 20 - 25 million . | |
late last week some sources speculated that duke energy was the | |
recipient of next | |
year ' s package given its large power generation holdings in california . | |
a marketer | |
yesterday said he believed dynegy upped the ante . " rather than go | |
through all the | |
hassles they [ dynegy ] had at ferc with the 1998 - 99 package , they let | |
someone else do | |
all the work this time and then came in late with a higher bid . that way | |
no one can | |
complain that the procedure was tainted . after all , dynegy has quite a | |
few power plants | |
in california to keep fueled , and all of their current ft on el paso | |
expires at the end of | |
this year . of course , they still could be thwarted if the original | |
negotiated customer | |
matches their bid . it may all sound kind of machiavellian but sort of | |
makes sense . " other | |
sources heavily discounted the chances of dynegy being the new high | |
bidder , pointing out | |
that the company made significantly less than expected this year because | |
san | |
juan / border basis differentials narrowed significantly . a dynegy source | |
indicated that the | |
company was involved in the bidding and lost to duke in the first round . | |
regardless of what happens next year , a marketer noted that the southern | |
california | |
border / san juan basis spread continues to compress as socal gas | |
withdraws from | |
storage and east - of - california utilities exercise their peaking | |
contracts because of cold | |
weather in the rockies and elsewhere in the west . from a december index | |
spread of 29 | |
cents , the border / basin gap was down to about 18 cents wednesday , she | |
said . |