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Enron Mail |
The product long description below will fall under the new product type US
East Power Physical Index. Credit has approved copying the profiles for the new product type from the following: US East Power Phy Fwd Firm The only difference is the physical forward is based on a fixed price and the physical index is based on an index price. Tana, when you talk to Leslie, please ask if we will apply the same contracts as for the new product type above. As usual, we need this ASAP. Thanks. Lisa ---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/27/2000 11:43 AM --------------------------- From: Melba Lozano 10/26/2000 11:53 AM To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT cc: Robert B Cass/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT Subject: US Power Phy Index APPROVAL REQUEST! Your review and approval of the following product type in the EOL Datamanager is needed (for directions on approval , please see steps for approval at the bottom of this e-mail). Trader : Fletcher Sturm Example: US Pwr Phy Index MWD Ent Peak Oct00 USD/MWh A US Power Transaction with Enron Power Marketing, Inc., under which the Seller shall sell and the Buyer shall purchase a quantity for firm energy equal to the Hourly Quantity at the Contract Price. The Contract Price shall be the Floating Price, as adjusted by the price submitted by the Counterparty via the website. The period of time during which the Floating Price is derived (a "Determination Period") shall be a calendar month during the term of the Transaction; provided that, if the term of the Transaction is less than one month, such Determination Period shall be the term of the Transaction. The transaction is for the applicable hours as set forth herein on each Delivery Day for the Effective Date 01 Oct 2000 to the Termination Date 31 Oct 2000. The transaction is for delivery or receipt of energy to any available point Into Entergy System Border at Seller's daily election. The Floating Price during a Determination Period shall be the average of the daily prices listed in the Index for power delivered during Peak hours on each Delivery Day during the applicable Determination Period. The Floating Price for each Determination Period shall be calculated utilizing the daily prices published in Megawatt Daily's Market Report under the headings "Ranges and Indexes of Trades for Standard 16-Hour Daily Products;Wtd. Av. Index; Peak Hours, 0600 to 2200; Entergy, into" (the "Index"). The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be megawatt-hours (MWh) and the quantity shown shall be in MW's delivered in each applicable hour for the duration of the Transaction (the "Hourly Quantity'). The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0700 (6:00 am) and concluding with the hour ending 2200 (10:00 pm) Central Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday. ============================================================================== ===== STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved" Thanks - Rob Cass - Melba Lozano x35491 x58986
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