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A lot of shops are interested, mainly speculators. I have had at least 7 different counterparties use this. Utilities or generators have a big interest in hedging their balancing energy exposure, locking in a fixed return. How they are exposed to the imbalance price is their business, as I am not encouraging running an imbalance, etc.
No problem with EOL, as we are trading it up. You need to add the US PWR Financial Swap to your EOL profile, in my opinion. You will see Ercot S 8-22 and N 8-22. You will need to add these and every other hour listed. Thanks, -----Original Message----- From: "Corley, Michael" <Michael.Corley@ElPaso.com<@ENRON Sent: Thursday, November 15, 2001 8:23 AM To: Forney, John M. Subject: RE: ERCOT financial swaps Thanks for the info. Just curious, are there many other shops showing an interest? Also, I haven't seen any numbers yet this morning, have you not shown any or is it a problem with my EOL? Thanks again. MC -----Original Message----- From: John.M.Forney@enron.com [mailto:John.M.Forney@enron.com] Sent: Thursday, November 15, 2001 8:17 AM To: Corley, Michael Subject: RE: ERCOT financial swaps Sure, I am online everyday. I get in about 6 am, usually putting the numbers on at 6:30. I start with hr ending 8-22 and change to 9-22 usually when the first interval of he 9 is printed. This is at my discretion. You may post a limit order (either a bid or offer) that covers mine and transact online. You wont necessarily be trading with me, another counterparty can lift your offer or hit your bid. Let's trade it up!!! JForney -----Original Message----- From: "Corley, Michael" <Michael.Corley@ElPaso.com<@ENRON Sent: Thursday, November 15, 2001 8:06 AM To: 'jforney@enron.com' Subject: ERCOT financial swaps Are you all still showing numbers for intraday ERCOT swaps? If so when do you normally post them. Thanks. Mike Corley ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ******************************************************************
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