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Enron Mail |
Chris
=20 While our current goal is to define the Into Product on EOL, to reflect the= =20 Into Product as defined in the EEI Master Agreement, this process is not=20 complete and will, amongst other things, require buy in from the traders. T= he=20 following is suggested wording to get Peter and Kevin through until this=20 process is complete. =20 Regards, =20 Marcus "Firm energy shall be scheduled on or before the Business Day before the ne= xt=20 Delivery Day. "Business Day" means a day on which Federal Reserve member=20 banks in New York City are open for business; and a Business Day shall open= =20 at 8:00 a.m. and close at 5:00 p.m. local time for each Party's principal= =20 place of business." =20 =20 =09Chris Walker/ENRON@enronXgate =0905/14/2001 09:58 AM =09=09=20 =09=09 To: Marcus Nettelton/NA/Enron@ENRON =09=09 cc:=20 =09=09 Subject: FW: Super Peak loadshape language Marcus, Peter Makkai and Kevin Presto on the East Power desk are following up with= =20 their request for additional super peak loadshape language which states "Fi= rm=20 energy shall be scheduled on a day ahead basis. =01+Day ahead basis=01, me= ans a=20 day during the term of the transaction which precedes the Delivery Day." = =20 Evidently, whenever they transact with this product, they are having to=20 contact the customer and inform them of this scheduling parameter. I know= =20 you were in the process of changing the language for all Into products and= =20 was wondering when this scheduling parameter could be added to this=20 particular loadshape. Thanks Marcus, CW 3-7533 -----Original Message----- From: Makkai, Peter =20 Sent: Monday, May 14, 2001 8:55 AM To: Walker, Chris Subject: Re: Super Peak loadshape language ---------------------- Forwarded by Peter Makkai/NA/Enron on 05/14/2001 08:= 54=20 AM --------------------------- From: Marcus Nettelton on 04/12/2001 03:18 PM To: Chris Walker/HOU/ECT@ECT cc: Peter Makkai/NA/Enron@Enron=20 Subject: Re: Super Peak loadshape language =20 Chris=20 =20 This is an Into product which will require some specific changes. We are=20 reviewing the language for all Into products and anticipate making them all= =20 consistent with the EEI Master Agreement definition. Until that time we wil= l=20 not change the wording of existing Into product definitions. I am currently= =20 working on this and once we have approved language we will be able to=20 progress. =20 Regards =20 Marcus =09Chris Walker@ECT 04/12/2001 12:11 PM =09 To: Marcus Nettelton/NA/Enron= @ENRON =20 cc: Subject: Re: Super Peak loadshape language Here is the current long description. A US Power Transaction with Enron Power Marketing, Inc., under which the=20 Seller shall sell and the Buyer shall purchase a quantity of firm energy=20 equal to the Hourly Quantity at the Contract Price. The Contract Price shal= l=20 be as submitted by the Counterparty via the Website. The transaction is for the applicable hours as set forth herein on each=20 Delivery Day for the Effective Date 01 Jul 2001 to the Termination Date 31= =20 Aug 2001. The transaction is for delivery or receipt of energy to any available point= =20 Into Cinergy System Border at Seller's daily election. The price is quoted in US Dollars per unit of volume, which will be the=20 Contractual Currency. The unit of measure against which the price is quoted shall be megawatt-hou= rs=20 (MWh) and the quantity shown shall be in MW's delivered in each applicable= =20 hour for the duration of the Transaction (the "Hourly Quantity'). The transaction is for the hours beginning with the hour ending 1300 (12:00= =20 am) and concluding with the hour ending 2000 (8:00 pm) Central Prevailing= =20 Time on each Delivery Day. 'Delivery Day' means a day during the term of t= he=20 transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday,=20 excluding any day that is a NERC holiday. ---------------------- Forwarded by Chris Walker/HOU/ECT on 04/12/2001 12:0= 8=20 PM --------------------------- From: Marcus Nettelton@ENRON on 04/12/2001 12:05 PM To: Chris Walker/HOU/ECT@ECT cc: Peter Makkai/NA/Enron@Enron=20 Subject: Re: Super Peak loadshape language =20 Chris If it is firm Energy, to be delivered for a fixed period, starting and=20 finishing at the times specified, it is unclear why the scheduling=20 requirement is applicable at all.=20 The obligations are to deliver and receive and the parties have agreed to= =20 that. If there is a failure to deliver or failure to receive then the GTCs= =20 provide the non-defaulting party with a remedy.=20 Please could you forward me the complete product description in any event. =20 Regards, =20 Marcus =09Chris Walker@ECT 04/12/2001 11:14 AM =09 To: Marcus Nettelton/NA/Enron= @ENRON =20 cc: Peter Makkai/NA/Enron@Enron Subject: Re: Super Peak loadshape language Marcus, Please review the following loadshape language. Peter Makkai would like to= =20 add the language in RED. The transaction is for the hours beginning with the hour ending 1300 (12:00= =20 pm) and concluding with the hour ending 2000 (8:00 pm) Central Prevailing= =20 Time on each Delivery Day. 'Delivery Day' means a day during the term of t= he=20 transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday,=20 excluding any day that is a NERC holiday. Firm energy shall be scheduled o= n=20 a day ahead basis. =01+Day ahead basis=01, means a day during the term of = the=20 transaction which precedes the Delivery Day. Thanks, CW 3-7533 ---------------------- Forwarded by Chris Walker/HOU/ECT on 04/12/2001 11:0= 0=20 AM --------------------------- Peter Makkai@ENRON 04/12/2001 09:58 AM To: Chris Walker/HOU/ECT@ECT cc: =20 Subject: Re: Super Peak loadshape language =20 Chris, loudshape language looks good, just change this subtle change, transaction which precedes a Delivery Day. to transaction which precedes the Delilvery Day when will this be reflected in the product description? thank you, Peter 31541 Chris Walker@ECT 04/12/2001 09:39 AM To: Peter Makkai/NA/Enron@Enron cc: =20 Subject: Super Peak loadshape language Peter, Review the folowing loadshape language and let me know of any suggestions. = =20 I'll then forward it to Marcus Nettelton. The transaction is for the hours beginning with the hour ending 1300 (12:00= =20 pm) and concluding with the hour ending 2000 (8:00 pm) Central Prevailing= =20 Time on each Delivery Day. 'Delivery Day' means a day during the term of t= he=20 transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday,=20 excluding any day that is a NERC holiday. Firm energy shall be scheduled o= n=20 a day ahead basis. =01+Day ahead basis=01, means a day during the term of = the=20 transaction which precedes a Delivery Day. Thanks, CW 3-7533
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