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Enron Mail |
Mark:
This falls into your area. I have spoke to William Kelly and advised that I am forwarding it to you. Thanks, Jeff ----- Forwarded by Jeffrey T Hodge/HOU/ECT on 12/12/2000 04:43 PM ----- William Kelly 12/12/2000 04:20 PM To: Jeffrey T Hodge/HOU/ECT@ECT cc: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT Subject: Conectiv / Delmarva On January 14, 2000, we transacted with Conective via NatSource for a Nov '00 - March '01 basis swap @ Transco Z6. Our ticket/booking/confirmation indicates we bought the swap. The broker confirm indicates we sold the swap. Our confirm to the counterparty was executed as Enron buying by their operations manager, Joseph Glace. The counterparty is contending that the broker confirm is correct. Trading contends our confirm is correct and binding. How should we proceed? The value of the position is roughly $3MM of revenue. Thanks, WK
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