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Enron Mail |
-----Original Message----- From: Brian Stone [mailto:htebs@huber.com] Sent: Thursday, October 04, 2001 12:50 PM To: Whitt, Mark Subject: San Juan Proposal Mark, Help me out here! I took our current marketing arrangements, selling into the spot market, assuming the worst at EPNG-SJ Index - $0.10, and compared it to the pricing under the three tranches. I realize we are mixing IF and GDA, but IF can be swapped for GDA and vice-versa in the swing swap market. My dilemma is that the firm transportation does not appear to be accretive, in fact it results in $0.05 / mmbtu less than current arrangement (accross the total volume). What is really killing it is the NW basis and discount...am I using the right one? (FYI, I used ENA's mid-market basis for the 12-month strip going forward). What am I missing here?
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