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Enron Mail |
With PMA's, volumes can be adjusted through the system as usual and I can
adjust the demand fee on the Sitara ticket. I am not able to follow your ua4 calculation. However, there was imbalance payback that occurred throughout September and October. (This should have been pathed to the Lone Star transport k in Unify). Is this in that ua4 number? Williams had been trying to make up volumes from prior periods, so that's probably why their volume came in greater than booked. (Much of their gas is from El Paso and volumes vary each day from scheduled.) The volumes that they were trying to make up would go toward the transport imbalance also. I would think that Cleburne will carry an imbalance on Lone Star from month to month. After Novemeber, the imbalance should be fairly small. Our scheduler, Mark McCoy will have that number. (When we took over this deal, the imbalance on Lone Star was very large. When the plant went down in Sep, we decided to payback the imbalance then, so that we could take advantage of higher winter sales prices if the opportunity came up.) The agreement does not specifically state anything about ua4. But, I will discuss that with Legal. The intent is for all costs, including ua4 and fuel, to be covered by Tenaska IV. I will be leaving at 1pm today and will return on Tuesday 12/19. We can get together then if you would like. D From: Jim Pond @ ENRON 12/14/2000 08:56 AM To: Daren J Farmer/HOU/ECT@ECT cc: Greg Whiting/Corp/Enron@ENRON@ECT, Troy Klussmann/HOU/ECT@ECT, James Armstrong/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON@ECT Subject: Re: Tenaska IV 10/00 Darren, The demand fee is probably the best solution. We can use it to create a recieivable/payable with Tenaska, depending on which way the calculation goes each month. How are PMA's to be handled once the fee been calculated and the deal put in the system? Attatched is a schedule detailing what is on the GL for Cleburne as of today. Some of this info will change by the end of the month. As you can see, there are some discrepancies between Megan's calculations and what is on the general ledger. UA4 is also on my schedule. Unless the buys/sells are volumetrically balanced, we book an entry to balance the desk. This will change the calculation of what is due from/to Tenaska. Should we be recording a UA4 entry for Cleburne? Is it addressed in the agreement with Tenaska? Daren J Farmer@ECT 12/12/2000 04:48 PM To: Greg Whiting/Corp/Enron@ENRON, Troy Klussmann/HOU/ECT@ECT, James Armstrong/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON, Jim Pond/Corp/Enron@Enron cc: Subject: Tenaska IV 10/00 In most cases, ENA will be a net buyer from Tenaska IV for activity related to the Cleburne plant. However, for October 2000, the plant was down the majority of the month and ENA sold off the supply, resulting in ENA owing money to Tenaska IV. I have created deal 529856 with a demand of $1,798,389.73, which is the calculated amount of income on the Cleburne desk. (Please see the attached schedule.) We need to pass this income on to Tenaska IV. Do we need to pay this amount (wire from ENA to Tenaska IV) or is there another way to do this? This is the case for October 2000 and could possibly happen again in the future. Greg, Troy, Jim - Please let me know what you think about settling this. Megan - Don't pay the amount until we here from the Greg, Troy and Jim. Also, make sure that we have received dollars from the spot sales before we reimburse Tenaska IV. D ---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/12/2000 04:37 PM --------------------------- Enron North America Corp. From: Megan Parker @ ENRON 12/07/2000 09:18 AM To: Daren J Farmer/HOU/ECT@ECT cc: Subject: Tenaska IV 10/00 We have actuals. The larger of the two volumes is 1,395,000, which is 45,000/day, so the demand rate in deal 514353 is fine. I am having a problem, though, with the way it is coming to settlements. It is showing up with a Jan 2003 delivery date. I think the demand fee needs to be on 10/1 only. Right now, it is on a line with a date of 10/1/00 to 12/31/36. I think this is confusing the system some how. Also, we still need the purchase deal for Tenaska IV. It should be for a demand fee of $2,571,135.73 booked to the Cleburne desk. We actually owe $1,798,389.73, but I need to net the Tenaska IV sales with the purchase to clear those receivables. James is calling me every day asking for an update. Do you know when we will be able to get this in the system? I have attached my spreadsheet so you can see the numbers. Megan
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