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Enron Mail |
I've redlined the outline to address what I believe is the most important
risk you guys will face out there: the risk that FERC will listen to your presentation and conclude that the embedded optionality that some pipelines are currently offering in transport contracts is a negotiated term and condition and therefore must be stopped. I think we need to tailor the presentation and filing to minimize the chance that FERC will take away flexibility we think we now have (i.e., the flexibility to embed shipper puts in transport contracts). Even if the TW approach on unbundled options goes nowhere, several of the strategies we may want to implement next year depend on continued ability to sell embedded options. Susan, Shelley,a nd MKM, I still think it is a good idea to push this proposal, but am concerned that FERC might squirrel and go the opposite direction we are trying to push them. Your thoughts? DF Susan Scott 09/28/2000 03:27 PM To: Nancy Bagot/OTS/Enron@ENRON cc: Shelley Corman/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Drew Fossum@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON Subject: Outline of TW Options Program Nancy, I've prepared the attached outline in response to FERC Staff's request that we provide "something in writing." This is basically just a description of our proposal. I've tried to keep it brief so that staff members are not reading while we're trying to talk to them. It should be enough information to raise a lot of questions. Please wait until Shelley or I give you the go-ahead to pass this along to the relevant Commission people; I'd like to give the other addressees the opportunity to comment on this to the extent possible. Everyone else: please give me your comments ASAP as Nancy has been asked to provide something to them tomorrow.
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