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Enron Mail |
Rick - Over the weekend we agreed to terms with PSE&G on a gas case
requestiung the transfer of pipeline capacity contracts. In return for our support, we obtained the following: Two three year gas storage deals with ENA; Three year Capacity Management, when Residential customers move to market prices, (probably within two-three years); 5% Basic Generation Service when BGS market opens 8/02. ENA is currently valueing the gas deals, however, my guess is they are worth approximately $3-5 million. The cap mgt deal will be worth approximately $25-30 million, whiule the BGS will be a liitle difficullt to quantify at this point. There was also a general understanding with Steve Teitleman, President PSEG Genco, to increase the business between ENA and PS, both in power and gas. I will forward the LOI when it is signed, probably within a few days. As always please call if you wish to discuss the details. Steve
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