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Enron Mail |
There should be no credit on a TVA/Cin spread. The correlation between the 2 markets is 95% plus.
-----Original Message----- From: Sacks, Edward Sent: Monday, October 08, 2001 9:23 AM To: Hardy, Trey; Evans, Casey; Presto, Kevin M.; White, Stacey W.; Vinson, Donald Wayne; Sturm, Fletcher J. Cc: Bradford, William S.; Ngo, Tracy; Buy, Rick; Rohauer, Tanya; Reasoner, Monica; Brown, Kortney Subject: PG&E Energy Trading - Power, L.P. Please note the following addition to the domestic credit reserve for October 2001: CP: PG&E Energy Trading - Power, L.P. Deal No: 806688 & 806689 EOL No: 1972890 & 1972891 Deal Date: 10/5/2001 Deal Specifics: Sale / Buy (Basis) Term: 1/1/2005 thru 12/31/2005 Volume: 50 MW/h Peak Delivery Points: Cinergy / Into TVA Trader: Fletch Sturm Credit Reserve Amount: $8,000 (eight thousand US dollars) CP: PG&E Energy Trading - Power, L.P. Deal No: 806685 & 806686 EOL No: 1972884 & 1972885 Deal Date: 10/5/2001 Deal Specifics: Sale / Buy (Basis) Term: 1/1/2004 thru 12/31/2004 Volume: 50 MW/h Peak Delivery Points: Cinergy / Into TVA Trader: Fletch Sturm Credit Reserve Amount: $8,000 (eight thousand US dollars) Comments or questions, please reply. Ed Sacks
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