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Enron Mail |
Keep pushing these guys.
Regards Delainey ---------------------- Forwarded by David W Delainey/HOU/ECT on 11/12/2000 03:48 PM --------------------------- Janet R Dietrich 11/06/2000 03:09 PM To: Ozzie Pagan/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT cc: Subject: Ronnie Lee-Walton I called Ronnie Lee to invite him to the New York Christmas party (he'll probably come) and we had a lengthy conversation about what they're doing right now. It sounds like they are down to 4 counterparties on their previous "asset management" solicitation: Enron, Southern, Duke and Williams. Williams is their first choice at the moment purely driven on price. It sounds like Williams is willing to effectively provide natural gas at a below-market fixed price. Both Williams and Duke were comparable on price. Enron and Southern are close on price and just behind the Duke/Williams pricing. Although Ronnie claims everyone is "right there together", the small pricing difference is significant when looked at over 15 years. Williams will be with Ronnie soon (next couple weeks) to begin discussing contract language. He says documents aren't signed and I can tell he really wanted us to be at the table. We priced our last deal to him about 4 weeks ago and I believe the gas curve was higher than it is currently. Ronnie agrees that it would be worthwhile to reprice our deal since the prices were so close before. He said Jackson has now joined Walton, Colquitt, and Satilla and they would like to come to terms on a definitive document in the December/January timeframe. I talked with him about Oglethorpe and Tom Smith, and he was very interested to find out we'd been meeting with them. He thinks Oglethorpe will only keep about 40% of the existing Oglethorpe load. He'd like to sit down and talk thru all this after we re-price our deal and I told him that Ozzie would be in touch to try and set up a time. Although I hadn't really planned to call Ronnie on this, I thought it probably wouldn't be bad to stir things up a bit!
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