|
|
Enron Mail |
I think so--Martha, please get me into this gig. Thanks DF
Tony Pryor 09/13/2000 04:56 PM To: Drew Fossum/ET&S/Enron@ENRON cc: Subject: Risk Management Policy Drew, I thought you might be interested in being a part of this. Does this meeting fit your schedule?................Tony ---------------------- Forwarded by Tony Pryor/ET&S/Enron on 09/13/2000 04:54 PM --------------------------- From: Dan Fancler 09/13/2000 11:24 AM To: Tony Pryor/ET&S/Enron@ENRON, Bob Chandler/ET&S/Enron@Enron, Lee Ferrell/ET&S/Enron@Enron cc: Maria Perales/ET&S/Enron@ENRON, Dan Fancler/ET&S/Enron@Enron Subject: Risk Management Policy We will meet on 9/18/00 at 2:00 pm in 4262 to discuss Risk Management Policy. Lee, if you and your staff would like to come, please join in on the fun. Tony has agreed to move the Policy forward to the next level. I summarize some of the key information below. The current policy is too restrictive. We need to better define the type of transactions and who has authority to execute and manage. Do not include procedures and only discuss policy much like the Corporate Risk Management Policy. Positions will be managed in a portfolio of Gas Commodity positions, however not all positions are included in the position limits measurement for this policy. For example the pipelines are long capacity and this can be managed in a portfolio without a limit requirement. Also, TW is long over-retained gas and this is a position which does not have to be part of our risk management limits. These positions were created by building a pipeline or entering into transport service agreements and seperated approval guidelines apply. North American Natural Gas is the only Commodity Group approved. Transport Service Agreements are approved in accordance with ET&S policy #1 and #2. Financial Risk Management Agreements are approved within the guidelines of this policy. Financial Risk Management Agreements that create risk are allowed by the Corporate Policy but not allowed by the ET&S draft policy. We need to think about limits on the creation of risk from Financial Risk Management agreements.
|