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Enron Mail |
Mark,
The following is a new power demand index requested by Claudio Ribeiro. Please let me know if it looks OK for the Website. A US Power Demand Financial Swap Transaction with Enron North America Corp., under which the Seller is obliged to pay the Payment Amount to the Buyer where the Floating Amount is above the Fixed Amount, or where the Buyer is obliged to pay the Payment Amount to the Seller where the Floating Amount is below the Fixed Amount. The Fixed Amount is the amount in Megawatts submitted in the "price" field by Counterparty via the Website. The Notional Amount is the product of the quantity submitted by Counterparty via the Website and the Pay Unit. The Payment Amount is the product of (i) the Notional Amount and (ii) the absolute value of the difference between the Floating Amount and the Fixed Amount. The Payment Amount will be payable on or before ten (10) business days after the Floating Amount for the Determination Period is determinable. The Determination Period is from and including the Effective Date of 04 Jun 2001 (Initial Date) to and including the Termination Date of 08 Jun 2001 (End Date). The Floating Amount shall be the arithmetic average of the hourly PJM loads for Peak hours on each Delivery Day during the Determination Period. The Floating Amount shall be calculated utilizing the hourly integrated loads published by PJM Interconnection, LLC ("PJM") on its official web site currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or any successor thereto, under the heading "PJM Hourly Load Data". The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be megawatts and the quantity shown shall be in total MWs. The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday. The Pay Unit is 10 USD. Thanks, CW 3-7533 ---------------------- Forwarded by Chris Walker/HOU/ECT on 04/16/2001 10:11 AM --------------------------- From: Claudio Ribeiro/ENRON@enronXgate on 04/12/2001 11:20 AM To: Chris Walker/HOU/ECT@ECT, Michael Nguyen/ENRON@enronXgate cc: Subject: RE: NEPOOL Chris, the lenguage is fine for us. Thanks, Claudio -----Original Message----- From: Walker, Chris Sent: Wednesday, April 11, 2001 1:06 PM To: Nguyen, Michael; Ribeiro, Claudio Subject: NEPOOL Melba is out of the office for the remainder of the week and I will be taking on her responsibilities. Let me know if the following language is OK for the new index: The Floating Amount shall be the arithmetic average of the hourly loads for Peak hours on each Delivery Day during the Calculation Period. The Floating Amount shall be calculated utilizing the hourly integrated loads published by ISO New England Inc. ("ISO-NE") on its official web site currently located at http://www.iso-ne.com/Historical_Data/hourly_data/2001_hourly_data.txt, or any successor thereto, under the heading "Load". Thank you, CW 3-7533 ---------------------- Forwarded by Chris Walker/HOU/ECT on 04/11/2001 01:02 PM --------------------------- From: Melba Lozano 04/10/2001 03:01 PM To: Chris Walker/HOU/ECT@ECT cc: Subject: NEPOOL ---------------------- Forwarded by Melba Lozano/HOU/ECT on 04/10/2001 03:01 PM --------------------------- From: Claudio Ribeiro/ENRON@enronXgate on 04/06/2001 07:56 AM To: Melba Lozano/HOU/ECT@ECT cc: Michael Nguyen/ENRON@enronXgate Subject: NEPOOL Melba, the web location for NEPOOL Data is (for 2001) http://www.iso-ne.com/Historical_Data/hourly_data/2001_hourly_data.txt. The demand data is the data on the column under the name LOAD. The formulation for the weekly index (demand) is the same as it is in PJM. Thanks, Claudio
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