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Enron Mail |
Hey John, did CES take this gas for Jan, Feb, and Mar? Wade would like to
see this deal in the system. ---------------------- Forwarded by Chris Germany/HOU/ECT on 04/04/2000 01:06 PM --------------------------- Chris Germany 04/04/2000 12:02 PM To: Colleen Sullivan/HOU/ECT@ECT, Mark Breese/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT cc: John M Singer/Corp/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, David Oliver/HOU/ECT@ECT, Joan Veselack/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Wade R Price/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT Subject: Citygate Production T&F Operating has sent ENA a "breach of contract" letter and is requesting to terminate the contract effective 4/1/2000. Colleen, I will give you a copy of the letter that was faxed to John Singer. CES did a buy/sale behind Penn Fuel on CGAS for 1 year starting Nov 1, 1999. T&F is the supplier and Glenn Gary was the market. The market went away effective 4/1/2000 and ENA/EES has no other market behind this part of Penn Fuel's system. We checked with the Penn Fuel asset management deal and according to Penn Fuel, they can't take it either. T&F is looking for their payment for Jan, Feb, and Mar, and T&F will waive any and all "cover" cost that ENA would otherwise be liable for subsequent to April 1, 2000. John Singer wants to make sure we address the hedges in the books - will this need to be included in the CES true-up? Also, John wants to know if he should sign the letter?. Colleen, I told John you would anwser that question.
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