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Enron Mail |
Cc: stacey.richardson@enron.com, tom.moran@enron.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: stacey.richardson@enron.com, tom.moran@enron.com X-From: Lisa Lees X-To: Tana Jones, Karen Lambert X-cc: Stacey Richardson, Tom Moran X-bcc: X-Folder: \Tanya_Jones_Dec2000\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf Tana/Karen: The product long description below will fall under the new product type US Gas Phy Index Firm 5-day Flexible non-TX<1Mo<1Yr. Credit (Tom Moran) has approved copying the profiles for the new product type from the following: US Gas Phy Index Firm non-TX<1Mo<1Yr Please respond by 10 a.m. on Wednesday, November 8. Thank you. ---------------------- Forwarded by Lisa Lees/HOU/ECT on 11/07/2000 02:13 PM --------------------------- From: Melba Lozano 11/01/2000 04:52 PM To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT cc: Lisa Lees/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT Subject: US Gas Phy Index Firm 5-day Flexible non-TX<1Mo<1Yr - Approval Required! Your review and approval of the following product type in the EOL Datamanager is needed. This product already exists for products less than 1month. Mark: Stacey Dickson has already approved this language. EXAMPLE: A US Gas Transaction with Enron North America Corp. (ENA), under which (A) where ENA is the Buyer, ENA shall deliver to Counterparty and Counterparty shall receive a quantity of natural gas equal to the volume submitted by the Counterparty via the website for delivery on each day during the Period of Delivery (the sum of the daily volumes shall equal the 'Total Volume'), and Counterparty shall deliver to ENA and ENA shall receive a quantity of natural gas for delivery on each of the Purchase Dates during a calendar month, where (i) the volume of gas delivered on any Purchase Date shall not exceed 20 percent of the Total Volume for that calendar month and (ii) the volume of gas delivered on all Purchase Dates shall be in increments such that that the sum of said increments equals the Total Volume for that calendar month, or (B) where ENA is the Seller, Counterparty shall deliver to ENA and ENA shall receive a quantity of natural gas equal to the volume submitted by the Counterparty via the website for delivery on each day during the Period of Delivery (the 'Total Volume'), and ENA shall deliver to Counterparty and Counterparty shall receive a quantity of natural gas for delivery on each of the Purchase Dates during a calendar month, where the volume of gas delivered on any Purchase Date shall not exceed 20 percent of the Total Volume for that calendar month and the volume of gas delivered on all Purchase Dates shall be in increments such that that the sum of said increments equals the Total Volume for that calendar month. All deliveries shall be on a firm basis. The Contract Price shall be the price derived from the Index for that calendar month, as adjusted by the price submitted by the Counterparty via the website. The Buyer shall pay the Contract price for each calendar month during the Period for gas received. The Seller shall pay the Index for each calendar month for gas received. The term of the Transaction shall be from the Effective Date of __ ___ 2000 to the Termination Date of __ ____ 2000. The transaction is for delivery at Columbia, Appalachian. The Period of Delivery shall be from the effective date through the termination date. The Purchase Dates shall be each of no less than five days as designated by Buyer within each calendar month during the Period of Delivery. Buyer shall notify Seller by facsimile of Buyer's designation of a Purchase Date by no later than 10:45 a.m. Central Prevailing Time on the due date of the pipeline nomination for the day on which Buyer desires the gas to flow. The Index for each calendar month shall be the Columbia Gas Transmission Corp., Appalachia (W. Va., Ohio, Ky.) price as listed in the section entitled "Prices of Spot Gas Delivered to Pipelines", published in the first issue in such month of Inside Ferc's Gas Market Report. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day.
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