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Enron Mail |
Tony & Frazier -- several comments from TW Commercial.
Page 1: Streamlined Credit -- what does "interested parties" mean? parties interested in bidding, or parties interested in us having a look at their credit ? Probably need to make this clear; on first reading, looks like obtaining credit approval ahead of time is optional. (Don't we want everyone to get approval ahead of bidding?). Page 2: you state that "individual bid transactions are kept confidential." What is confidential: the identity of the shipper? the bid itself? In TW's IOS, we post the individual bids as they come in, but do not post the name of the shipper. We feel that the posting of the dollar amount bids helps us get a higher rate as shippers bid against each other, and likewise recommend online bids be posted in real time. I notice you call them "sealed bids" on page 4 -- not true if we're going to show them. Page 3: why not request a little more emphatically that shippers establish creditworthiness at least several days in advance of bidding? Especially since we plan to attract brand-new shippers by offering this service. Our credit dept. folks would probably appreciate not having to do it all between 2 and 4 on bid day. If we're asking that shippers submit bids to 3 decimal places, our example should be to 3 decimal places (e.g., $0.351). Page 7: "an" Capacity Trading Agreement should be "a" Capacity Trading Agreement. Page 8: So we don't appear low-tech, let's go ahead and tell shippers we plan to have the Request for Service and the service agreement available for online submittal at some point in the near future. Also, we've never asked shippers to submit a Request for Service with each bid. A shipper may bid and re-bid several times over the bidding process. They really only need to submit the Request for Service at the time of, or prior to, the first bid. I recommend stating "You must submit a Request for Service prior to making your initial bid" so they don't think they have to submit a new one every time they revise their bid. Page 9: Under "When TW will Respond": need to specify how notification will be sent. Page 14: Column that says "Price" should say "Rate" (for a second there we thought you were talking about gas prices). Also, please use example rates that are more realistic for TW (in the $0.240 to $0.299 would be great...) Thanks for all your hard work on this. I'll be here if you have any questions. 05/17/2000 01:23 PM Tony Pryor Tony Pryor Tony Pryor 05/17/2000 01:23 PM 05/17/2000 01:23 PM Sent by: Janet Cones To: Julia White/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Steve Hotte/Corp/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Frazier King/FGT/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON, Eva Neufeld/NPNG/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@Enron cc: Subject: TW Webtext on EOL Attached is a revised draft of the webtext. You will note that we have added the transportation service request form in the text. The bidder will have to print the form, fill it out and fax it to us because it is our understanding that we can't work it into the website for completion and execution online in the time frame for July 1 service. Also, please note that (1) we have changed the some of the information in the Account Manager grid and (2) the attached draft assumes that the Bid List, from the original text, is the same document as the Account Manager page . We are assuming that we would not be able to get the Transportation Service Agreement available for online execution by clicking for July 1. Thus, we will handle the service agreement manually. However, for subsequent months we contemplate establishing contracting procedures so that the service agreement can be executed online by a click. Frazier and Tony
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