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Enron Mail |
Cc: bill.berkeland@enron.com, per.sekse@enron.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: bill.berkeland@enron.com, per.sekse@enron.com X-From: Fraser, Jennifer </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JFRASER< X-To: Shankman, Jeffrey A. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jshankm< X-cc: Berkeland, Bill </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bberkela<, Sekse, Per </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Notesaddr/cn=bb2adbec-bb8b839d-862565f5-690b8d< X-bcc: X-Folder: \JSHANKM (Non-Privileged)\Deleted Items X-Origin: Skilling-J X-FileName: JSKILLIN (Non-Privileged).pst No one is really making a concerted effort with respect to utilities. Going forward we should: 1- get as list of all utilities with whom we have ISDAs 2-sign up more of them 3- coordinate activities between gas, power, coal, weatehr and crude and prodcuts 4- analyze previous deals with each utlity--see who we have been ignoring and restart relationships 5- figure out which large industrials are multi-fuel users and include them 6-consider weather linked products: HDD dependent hating oil calls 7- coordinate with PER SEkse--re trigger options -- where we may be able to lay off risk -----Original Message----- From: Shankman, Jeffrey A. Sent: Friday, July 06, 2001 9:00 AM To: Fraser, Jennifer Cc: Berkeland, Bill Subject: RE: btu effects : coal, ng, resid -FYI who is covering FP&L for their 1% needs? What about the other utilities? -----Original Message----- From: Fraser, Jennifer Sent: Thursday, July 05, 2001 3:49 PM To: Shankman, Jeffrey A. Subject: btu effects : coal, ng, resid -FYI -----Original Message----- From: Mulholland, Sarah Sent: Thursday, July 05, 2001 2:57 PM To: Fraser, Jennifer Cc: Arnold, John Subject: RE: coal and gas calculations As for Fuel Oil, it doesn't seem to be working to hold the switching demand like we thought it would. Prices are coming off but with Natty not moving much in the past few days it has made little effect. On Mon seeing FP&L selling almost 500,000 bbls of NYh 1% in Aug and Sep. Mirant has been out the whole week buying and the utilities are also long Cal 02, Cal 03 but have yet to dump it. Seeing utilities switch in the NYC region, even though prices are slowly coming off. Woudl expect if you get heat to see some utilities use their storage and burn some fuel but unless Natty goes back up to 4 ish I think we may be off the mrkt for a little bit here. Watchign for signs that may come back on after summer. Additional issue being that demand as a whole is very weak, so even w/o Natty at such low levels, we would be just a weak. As of tonight: NYH Jul 19.00/bbl = 3.025 (w/o taxes and transport, right off the barge) -----Original Message----- From: Fraser, Jennifer Sent: Thursday, July 05, 2001 2:37 PM To: Arnold, John Cc: Mulholland, Sarah Subject: coal and gas calculations coal (EAST 45$/t + 10$ freight = 55$ 12,000btu/lb therefore 55/(12*2)= 2.29/ MMBTU heat rate 10 therfore 22.90/MWH nagural gas (NYMEX) 3.14 most efficient new gen heat rate 7.0 therefore 21.98/mwh all back of the envelope--but when we get heat will gens increase coal (push limits)--or will gas become more of the baseload
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