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Enron Mail |
---------------------- Forwarded by Chris Germany/HOU/ECT on 10/08/2000 11:17
AM --------------------------- John Hodge@ENRON 09/21/2000 07:13 PM To: Julie A Gomez/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Sean Boyle/Corp/Enron@ENRON, Michael Brown/NA/Enron@Enron, Gil Muhl/Corp/Enron@ENRON cc: Subject: MarketLink Shippers Additional information on the Transco MarketLink shippers: Shipper Phase Volume Term Delivery Pt Rate Aquila I 25,000 Dthd 10 years Manhattan $0.35 Consolidated Edison I 30,000 10 Manhattan $0.35 ConEdison Energy I 10,000 10 Manhattan $0.35 St. Lawrence Cement I 1,000 10 Camden, NJ $0.30 Williams Energy I 100,000 10 Manhattan/PSEG $0.35 Virginia Power II 100,000 10 Trenton-Woodbury $0.30 PPL Energy Plus II 30,000 10 Princeton Junction $0.18 Phase 1 begins 11/1/01. Phase II begins 11/1/02. The rates shown are for the demand and are the rates that Transco had been marketing for the project. Each shipper is responsible for fuel and the electric power commodity charge and ACA. There will be no GRI or Great Plains commodity surcharges. The Manhattan and PSEG delivery points are Transco Zone 6 NY points. The Camden, Trenton-Woodbury and Princeton Junction points are non-NY. Williams reduced their precedent agreement volume from 210,000 Dthd to the 100,000 Dthd. Williams' rights to PSEG points are north of the Linden allocation point. Virginia Power is buying a project from Statoil on the Trenton-Woodbury line. Virginia Power's commitment to MarketLink replaces one of Statoil's two precedent agreements. Statoil has also sold another project that was underlying their second precedent agreement. The new and unnamed project owner has requested and been granted an extension to the 90,000 Dthd precedent agreement for a later phase of MarketLink. Sunset Energy Fleet has requested and been granted an extension for their 95,600 Dthd precedent agreeement. LFG, a landfill gas developer, has also been granted an extension of their 5,000 Dthd precedent agreement to enable LFG to finalize a sale with a new owner or to locate an alternative landfill site. PPL Energy Plus has the right to deliver into a proposed new interconnect with PPL Interstate Energy Company pipeline system in Lower Mt. Bethel Township, Northampton County, Pennsylvania or a proposed new interconnect with PPL's Eden plant in East Drumore Township, Lancaster County, Pennsylvania on a primary basis. They also have the right to extend their agreement at the $0.18 rate for an additional two five year terms. Dynegy (30,000 Dthd) and Engage (210,000 Dthd) terminated their respective precedent agreements. Due to these terminations and reductions, Transco only has announced precedent agreements of 190,600 Dthd for later phases. If these precedent agreements become contracts, MarketLink would have 486,600 Dthd of shipper volume. Transco has stated that all 700,000 Dthd of MarketLink would be built by 11/01/04.
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