Re: Secondary firm delivery

----- Forwarded by Stacy E Dickson/HOU/ECT on 04/02/2001 03:59 PM -----

=09Chris Walker
=0904/02/2001 03:15 PM
=09=09=20
=09=09 To: Stacy E Dickson/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT
=09=09 cc: Savita Puthigai/Enron@EnronXGate, Kevin Meredith/Corp/Enron@ENRO=
N,=20
Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
=09=09 Subject: Re: Secondary firm delivery

Stacy,

Please see the latest description for Kevin's secondary firm product and l=
et=20
us know of any suggestions/changes.

Kevin R.-
The currency and unit of measure must be stated last on EnronOnline. Also=
,=20
there cannot be italicized or bolded text.

Thanks,

CW
3-7533

A US gas transaction with Enron North America Corp., under which Seller sha=
ll=20
sell and Buyer shall purchase a quantity of natural gas equal to the Daily=
=20
Contract Quantity at the Contract Price on a Secondary Firm basis. The=20
Contract Price shall be as submitted by Counterparty via the Website. The=
=20
Period of Delivery shall be from the Effective Date through the Termination=
=20
Date. =20
The term of the Transaction shall correspond to the date(s) set forth in th=
e=20
Product Description on the Website.
The Transaction is for delivery at an ANR Pipeline Company ML7 interconnect=
. =20
The Purchaser will determine at what ML7 interconnect to take delivery. Th=
e=20
volumes Delivered by the Seller are subject to reductions due to operationa=
l=20
constraints on the ANR Pipeline system. In the event that scheduled volumes=
=20
are reduced due to pipeline operational constraints, Buyer will designate a=
n=20
alternate ML7 delivery location until an unconstrained point is designated.=
=20
In the event that the Buyer cannot take receipt at an alternative ML7 point=
,=20
the Buyer must arrange for the gas to be delivered off-system, stored or=20
parked at the Buyer=01,s expense. These reductions due to Pipeline System=
=20
constraints are not considered a failure to perform by the Purchaser.
The price is quoted in US dollars per unit of volume, which will be the=20
Contractual Currency.
The unit of measure against which the price is quoted shall be millions of=
=20
British Thermal Units (BTUs) and the quantity shown shall be in millions of=
=20
BTUs per day.
---------------------- Forwarded by Chris Walker/HOU/ECT on 04/02/2001 02:4=
8=20
PM ---------------------------
From: Kevin Ruscitti on 04/02/2001 02:20 PM
To: Chris Walker/HOU/ECT@ECT
cc: =20
Subject: Re: Secondary firm delivery =20

Chris,

Please take a look at the attached language and forward it to Stacey for he=
r=20
comments.

Thanks,

Kevin

Chris Walker
03/27/2001 12:07 PM
To: Stacy E Dickson/HOU/ECT@ECT
cc: Kevin Ruscitti/HOU/ECT@ECT=20
Subject: Secondary firm delivery

Stacy,

Kevin Ruscitti has requested a secondary firm ANR ML7 phy gas product for=
=20
EOL. I have located some language that you and Dale worked on back in May =
of=20
2000. Please let me know if this language will be OK for our needs. Also,=
=20
will the current GTC for Phy gas need to be revised in any way?

Thanks,

CW
3-7533

A US Gas Transaction with Enron North America Corp., under which Seller sha=
ll=20
sell and Buyer shall purchase a quantity of natural gas equal to the Daily=
=20
Contract Quantity at the Contract Price on a secondary firm basis. The=20
Contract Price shall be as submitted by Counterparty via the Website. The=
=20
Period of Delivery shall be from the Effective Date through the Termination=
=20
Date.
The term of the Transaction shall correspond to the date(s) set forth in th=
e=20
Product description on the Website.
The transaction is for delivery at the ANR Pipeline Company ML7=20
interconnect. The volumes scheduled to be delivered are subject to=20
reductions due to normal operational constraints on the ANR Pipeline Compa=
ny=20
pipelines based upon historical operating conditions. The reductions cause=
d=20
by these constraints are excused nonperformance and are not considered a=20
failure to receive or deliver firm gas. In the event that the volumes=20
scheduled are reduced due to such normal operational constraints, Buyer may=
=20
designate a secondary firm delivery location.
The price is quoted in US Dollars per unit of volume, which will be the=20
Contractual Currency.
The unit of measure against which the price is quoted shall be millions of=
=20
British thermal units and the quantity shown shall be in millions of BTUs p=
er=20
day.