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Enron Mail |
Link to www.ze.com [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] = Critical Trade Information on a Timely Basis [IMAGE] =09 [IMAGE]Price Views - Market Views - Credit Views An Unforgiving Ma= rket Deciphering and responding to elements driving the changing competitiv= e power and natural gas markets is an inordinately complex task. The chal= lenge has proven to be too difficult for even some of the largest players;= those which have appeared to be the most stable and capable. The plights = of Enron, the California Power Exchange, SDG&E and PG&E highlight the diff= iculties that sophisticated market participants and regulators face when t= rying to manage change. The Enron collapse, in particular, should drive ho= me the extent of exposure that interconnected counterparties and market pa= rticipants face. The market is impartial and unforgiving. From the biggest= to the smallest; the public and the private, all face similar risks and = have similar needs. The major ratings agencies and the financial community= have begun to focus heavily on the risks and information requirements of = the power industry. We, as active market participants, must also be concer= ned about these risks, taking steps to identify, measure and mitigate them= as much as possible. In most cases, the difference between success and fa= ilure depends on whether you have access to the right data and are able to= use it in the right way in a timely manner. Maintaining a competitive a= dvantage and surviving the volatile swings of transacting in competitive e= nergy markets requires having access to, and being able to interpret and r= espond to, the right data before such information becomes commonly obvious= . Hindsight is 20/20 - success in evolving markets is achieved through de= veloping the capability and foresight to take preventative and proactive s= teps. History of Providing Clients with the Right Tools ZE PowerGroup has = a long history of providing its clients with the strategic support they ne= ed to navigate through uncertain markets. In response to high market deman= d, we have developed a market-monitoring product that provides corporation= s the market intelligence, direction, forward price views and credit data = needed to support trading activities. We realize that the cost, expertise= and infrastructure required to develop timely data systems and analytical= intelligence can be prohibitive on an individual basis. We think that we = can leverage our expertise and considerable investment in these systems wi= th a diverse group of clients and hence, greatly reduce individual subscr= iber costs. Decision making in current markets is not easy, it requires ri= gorous information extraction, sophisticated data analysis and application= of considerable expert judgment (all difficult, costly and time consuming= endeavors) Price, Market and Credit View Subscription Service We believ= e the service described below provides cost effective and timely access to= information critical to portfolio management, credit risk management and = term trading. The service will include one ZE Area and the following, 1.= Initial report Regional background information Description of the ZE = Forward Views development philosophy and methodology Description of th= e credit review system and ratings methodology 2. Mid-term views (e= ighteen months); includes Monthly average prices and LLH/HLH differen= tials Provide probabilistically derived mean price view and associated = bands of uncertainty (5%, 25%, 75% 95%) Provided for client selected el= ectric and gas hubs Detailed explanation of assumptions Tables and G= raphs provided in user friendly excel sheets Updated monthly 3. Inte= rmediate-term views (five year); includes Monthly average prices for s= ixty months and LLH/HLH differentials Provide probabilistically derived= mean price view and associated bands of uncertainty (5%, 25%, 75% 95%) = Provided for client selected electric and gas hubs Detailed explanati= on of assumptions Tables and Graphs provided in user friendly excel she= ets Updated quarterly 4. Long-term views (twenty year); includes = Yearly average prices for twenty years Provide probabilistically deriv= ed mean price view and associated bands of uncertainty (5%, 25%, 75% 95%)= Provided for client selected electric and gas hubs Detailed explana= tion of assumptions Tables and Graphs provided in user friendly excel s= heets Updated semi-annually 5. Executive market views: Two page r= egional review which provides key perspectives on market events Deliver= ed monthly [IMAGE] [IMAGE] [IMAGE] 6. Counter-party credit vi= ews ZE PowerGroup uses its software and expertise, combined with finan= cial and market analysis to develop client specific credit reviews of coun= ter-parties. Clients can specify the counterparties that they wish to = have reviewed. Counter-party reviews are updated monthly; includes upda= ting credit review rating, updating of trade limits and reporting of assum= ptions/changes from last period Contact To download a PDF brochure = with additional information click here . To speak to someone directly re= garding the service, pricing or product customization please contact: P= aul Seo Marketing Manager paul@ze.com , 604-244-1469 or Aiman El-Ramly= Vice President Marketing and Business Development aiman@ze.com , 604-24= 4-1654. General information about ZE PowerGroup can be found at www.ze= .com . [IMAGE] [IMAGE] [IMAGE] =09 [IMAGE] Link to www.ze.com [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE= ] You received this newsletter because your email address is on our mail= ing list. We hope you find our mailings useful. However, if you'd like you= r name taken off the mailing list, you can do so by replying to this email= with UNSUBSCRIBE in the subject line. =09
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