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Enron Mail |
Dan,
I'll check with ENA again on the currency swap. I have spoken with the a couple of times about these and they indicate that it is being circulated through Law on their side (very slow). The Lyons base gas sale contract will be a fixed price sale contract pursuant to NNG's rate schedule SF (I would not consider this contract to be a derivative, it is a sale pursuant to an approved FERC rate schedule). Morgan is working with Legal to create this contract. I thought that the NNG/TW amendment of terms had been completed. I'll check with Drew, and if they are not completed we should be able to complete these in a couple of days (thanks for the heads-up) Regarding the October purchase contracts: I'll forward this to Morgan for his handling of that issue. Regarding the monthly sale to Kansas Gas: I'm not familiar with this agreement??? I'll be in Houston on Monday and Tuesday if you want to catch me on any of these issues. Kent From: Dan Fancler 12/01/2000 04:02 PM To: Kent Miller@Enron cc: Morgan Gottsponer/ET&S/Enron@ENRON, Theresa Branney/ET&S/Enron@Enron, Lee Ferrell/ET&S/Enron@Enron, Tony Pryor/ET&S/Enron@ENRON, Debbie Moseley/ET&S/Enron@Enron, Bob Chandler/ET&S/Enron@Enron Subject: Derivatives missing confirmations or contracts Here is the current status of known derivative contracts which have outstanding paperwork. 1. ENA Canadian Dollar Swap, - Kent Miller sent an e-mail to ENA he has received no response. 2. Oxy forward sale on Lyons base gas withdraw. - We need a copy of this contract. This contract is a derivative, we are using the 10 b. exclusion but we need to document that the contract qualifies for this exclusion. Otherwise the contract will need to be MTM. 3. NNG/TW intercompany amendment of terms for TransCanada. Also we need to remind everyone that gas purchases need an underlying contract. AA has scheduled an audit of our gas purchases, additionally purchases cannot be approved without an underlying contract. We have two purchases made for Oct. gas in which we could not locate an underlying contract. They are: 1. TransCanada 2. OGE Please forward all gas purchase base underlying contracts to Mark Walton. We also are making monthly sales at Cunningham on a delivery into Kansas Gas. I don't have a contract nor do we receive enough information on this sale to determine if the value received is correct. Do you wish for us to be involved in the administration of this sale or can I leave this to Morgan.
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