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Enron Mail |
Traders- After speaking with Risk and recognizing many inconsistencies in the way that the following deals were done, I have made the following changes that will affect your books: There will be no deals on the ST W Hourly books. ST NW will show only PGE purchase deal # 529161.1 (offset by SWAP between ST NW and LT NW). All other deals (421598.1, 530654.1, 530653.1, 530690.1, 530716.1, and 530689.1) have been changed to the LT NW book. I hope this will make things easier. Virginia -----Original Message----- From: Thompson, Virginia Sent: Wednesday, August 29, 2001 11:25 AM To: Swerzbin, Mike; Williams III, Bill; Allen, Thresa A. Cc: Scholtes, Diana; Dunton, Heather; Chang, Fran; Law, Samantha; Alport, Kysa Subject: Lousiana Pacific Deal # 421598.1 All- Per an inquiry from Lousiana Pacific regarding deal # 421598.1 (LT NW): Structure: 7 MW around the clock, 100% load factor. Buy back at basis or remarket at a 70% / 30% split. February 23, 2001: Load was taken from 7 MW to 4 MW for HE 11 - 24. Deal # 421598.1 was reduced from a 7 MW to a 4 MW (D. Scholtes). We remarketed the 3 MW's real time to WWP deal # 530654.1 (source PGE). We did not enter a deal to keep LP whole. February 24, 2001: Load was taken from 7 MW to 4 MW for HE 1 - 24. Deal # 421598.1 was reduced from a 7 MW to a 4 MW (D. Scholtes). We remarketed the 3 MW's real time to Puget for HE 1-9 deal # 530689.1 and to WWP for HE 10-24 deal # 530716.1. We did not enter a deal to keep LP whole. August 29, 2001: Virginia set deal # 421598.1 back to 7 MW, keeping sale to LP whole, and entered deal # 754187.1 to buy back 3 MW of LP energy at 70 % of the price sold real time. (70% / 30% split according to agreement with LP). VT routed original purchase from PGE-deal 529161.1 (ST NW) back to Lousiana Pacific-deal # 421598.1 (LT NW) and routed the "buy-back" deal # 754187.1 (ST W HOURLY) to WWP and to Puget (ST W HOURLY). I think that this will properly take care of the dispute and make Lousiana Pacific happy. Please let me know if you have any questions or comments. Thanks, Virginia
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