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Enron Mail |
FYI - See Ed's comments. We helped ENA significantly in getting this "Favor"
from our friends at PSE&G and it is a good feeling to see that they recognized it. ---------------------- Forwarded by Steve Montovano/NA/Enron on 04/24/2001 12:49 PM --------------------------- Ed McMichael@ECT 04/24/2001 12:39 PM To: Andrew Kelemen/Enron@EnronXGate, Amanda Colpean/Enron@EnronXGate cc: Raymond Bowen/enron@enronxgate, Rodney Malcolm/Enron@EnronXGate, Steve Montovano/NA/Enron@Enron Subject: FW: Garden State Paper Attached please find the long awaited, much anticipated Garden State Paper/Public Service Electric & Gas amendment which will do the following for GSP: 1) Secure TETCO M3 receipt through 10/31/2007 2) Secure the current discounted LDC transportation rate through 10/31/07 I have reviewed the document and it seems in good order. This agreement does hedge GSP against increases in the base transportation rate on the LDC and insures that GSP will have TETCO M3 (as opposed to the currently higher Transco Z6 NY) as its receipt point, but it does NOT hedge GSP's M3 basis exposure. That exposure can be hedged through ENA or other wholesale gas trading companies. Please review it and execute two (2) copies soon as possible. Thereafter, please mail them to the attention of: Mr. David W. Wohlfarth Public Service Electric and Gas Company 80 Park Plaza Newark, New Jersey 07101 (phone) 973-430-5674 Credit for securing this amendment should go to Steve Montovano, VP Gov/Reg Affairs. He was very instrumental in getting PSEG to give GSP this amendment. If you have any questions, please ask. Regards, Ed ---------------------- Forwarded by Ed McMichael/HOU/ECT on 04/24/2001 12:06 PM --------------------------- "Wohlfarth, David W." <David.Wohlfarth@pseg.com< on 04/23/2001 12:50:59 PM To: "'ed.mcmichael@enron.com'" <ed.mcmichael@enron.com< cc: Subject: FW: Garden State Paper Ed: This is the draft that went to Ken Carretta. I don't expect any changes to it. I will send down a copy to be signed by someone from Garden State, or Enron, I guess, acting as agent. < -----Original Message----- < From: Caffery, David F. < Sent: Monday, April 23, 2001 11:31 AM < To: Wohlfarth, David W.; Carretta, Kenneth R. < Subject: FW: Garden State Paper < < Let's try that again with the file...... < < < <<gardenstateamend.doc<< < < < < -----Original Message----- < From: Caffery, David F. < Sent: Monday, April 23, 2001 11:29 AM < To: Wohlfarth, David W.; Carretta, Kenneth R. < Subject: Garden State Paper < < Attached is the second draft of the amendment to the GSP TSG-NF discounted < transportation agreement. < < < < < < < Dave - gardenstateamend.doc
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