|
|
Enron Mail |
Unfortunately the unassigned contracts are all master contracts.
As far as the sales transactions for delivery risk, looks like we only have 25 (please note that 2 of these transactions are tied to GTCs due to the CES contract we inherited not being executed AND that these two deals are with Midcon Texas for whom I we already have some outstanding receivable issues with). I've attached a spreadsheet of the sales transactions (modified the outstanding transaction report eliminating the transactions where ENA is buyer) which should help Bryce to better determine our situation. The spreadsheet lists transaction numbers, counterparty name, ect. Please let me know if I can do anything else. Cyndie To: Cyndie Balfour-Flanagan/Corp/Enron@ENRON cc: Mary G Gosnell/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT Subject: Re: CES Cyndie. Thanks so much for your quick response. Are the other 215 'master' type contracts? I would agree that the Appalachian deals probably won't get assigned - these are John Singer's I believe. I am really only concerned about those contracts where we are selling gas. To the extent that you can help Bryce Baxter determine which of those unasssigned deals are sales so he can quantify the delivery risk, I would greatly appreciate it. Jeff, I assume that the 215 that do not have deals are really defunct, since all new deals would be done on ENA paper? Tanya Cyndie Balfour-Flanagan@ENRON 12/13/2000 01:42 PM To: Tanya Rohauer/HOU/ECT@ECT cc: Mary G Gosnell/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT Subject: Re: CES Currently we still have 289 active (meaning not terminated) unassigned CES contracts. As far as those with transactions, only 74 of the 289 have 'active' deals. Currently, or as I understand the situation, Porter & Hedges (CES's legal counsel for CES Wholesale) is still driving the consent process for CES, we are not in the driver's seat. An additional note; many of the outstanding consents are with Appalachian producers who may never actually execute a consent based on the characteristics of the 'customer'. As far as any future steps that Enron may chose to execute; I am prepared to help in anyway I can. Cyndie To: Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT cc: Subject: Re: CES The list below that Cyndie prepared contains approximately 300 contracts that have not been assigned. Can we verify that these are all contracts that are active? Also, who in our organization is continuing to pursue these assignments? Columbia would like to reduce the guaranty (I have agreed to a reduction due to Risk's analysis that no MTM exposure exists, only delivery which I have asked Bryce Baxter to quantify); however, further reductions are dependent on Bryce being able to determine the receivable risk assosciated with the unassigned, active contracts. Thanks for your help, Tanya ---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 12/13/2000 11:50 AM --------------------------- Jeffrey C Gossett 12/05/2000 06:32 PM To: Tanya Rohauer/HOU/ECT@ECT cc: Subject: Re: CES The deals that we have in our system are not inclusive of gas daily daily deals or deals at index. These deals are all in our physical sytems but are not at a fixed price, therefore have no forward mark to market value. These are the deals that are not evergreen deals. From: Tanya Rohauer 12/05/2000 06:23 PM To: Jeffrey C Gossett/HOU/ECT@ECT cc: Subject: Re: CES I am somewhat unclear as to how we got from the 300 or so contracts that have not been assigned per Cyndie's list below to 3? Does that mean all the other contracts have rolled off? Guadalupe Power Partners LP looks like one that has not rolled off that was a huge term sale with considerable delivery risk. Are all of the deals on Cyndie's list index deals? Let's chat tomorrow. Thanks, Tanya Jeffrey C Gossett 12/05/2000 05:49 PM To: Tanya Rohauer/HOU/ECT@ECT cc: Subject: CES Let me know what else I can do. Thanks, Jeff ---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 12/05/2000 05:48 PM --------------------------- Cyndie Balfour-Flanagan@ENRON 12/04/2000 09:56 AM To: Jeffrey C Gossett/HOU/ECT@ECT cc: Linda S Bryan/HOU/ECT@ECT Subject: CES Attached is a spreadsheet which tracks the CES non-assigned contracts. This spreadsheet is current as of 12/04/00. I have also attached a 10/01/00 deal extract showing all deals in Sitara that still carried the CES prefix (which is used to denote non-assigned deals), this report was originally pulled from Sitara for Tanya Rohauer. Please call me at 713.853.1443 if I can be of any further assistance. Cyndie Balfour-Flanagan ENA - Global Contracts CES Transactions (Deal Extract) 10/1/00 - forward (Please note, there are several transactions for which consent has not been received that are flagged as evergreen in Sitara and as such represent a "rolling" CES transaction and as such exposure until consent for assignment is received or until the transaction/contract is terminated. I have highlighted these transaction in green.)
|