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Mike,
His comment on the vintage of our transport agreement causes me to think that we'd better look pretty hard at any penalties that do come back to us that might be administered under a broader policy. I recall seeing margin notes on a term sheet that was received by Tenaska when they asked TXU for quotes on a second unit which indicated to me that they were surprised by the proposed hourly imbalance provisions (which would be the case if the existing unit weren't subject to similar penalties). I don't think this changes our communication with Brazos, as they need to know that if penalties are incurred, they eat 'em. However, let's make a mental note to reveiw the Feb-Mar LS invoices to make sure they're being issued in accordance with our contract. -----Original Message----- From: Mazowita, Mike Sent: Friday, March 01, 2002 12:03 PM To: Parks, Joe; Hill, Garrick; Ken Riesz (E-mail) Subject: FW: PPEP Spreadsheet -----Original Message----- From: jeffsmirin@txu.com [mailto:jeffsmirin@txu.com] Sent: Friday, March 01, 2002 12:02 PM To: Mazowita, Mike Subject: RE: PPEP Spreadsheet I understand your pain. We are just stating what has been told to us by the Gas Control group. The answers to your questions are as follows: 1) The OFO will probably be in effect until sometime on Monday. 2) The Tenaska IV Texas Partners contract is very old and was written before TXU LSP put hourly swing imbalance penalty provisions in the Electric Generation contracts. The main remedy for TXU LSP in the contract is to physically resrict flow to the power plant to stay even with gas receipt volumes or to demand that the power plant bring in receipt gas to meet its burn. I hope this helps. "Mazowita, Mike" <Mike.Mazowita@ENRON.com< on 03/01/2002 11:29:34 AM To: <jeffsmirin@txu.com< cc: Subject: RE: PPEP Spreadsheet Jeff: The problem with all of the power plants is that somebody has to swing on load to follow the electric profile. This may be us. Also, how long is this OFO going to be in place?? Secondly, namely because I haven't thoroughly read the contract, what are the imbalance penalties?? -----Original Message----- From: jeffsmirin@txu.com [mailto:jeffsmirin@txu.com] Sent: Friday, March 01, 2002 10:52 AM To: Mazowita, Mike Subject: Re: PPEP Spreadsheet Thanks for the load profile. The official word is still that TXU LSP is requesting that all power plants stay as even as possible on their hourly pulls with respect to their nominations. "Mazowita, Mike" <Mike.Mazowita@ENRON.com< on 03/01/2002 09:48:26 AM To: <jeffsmirin@txu.com< cc: Subject: PPEP Spreadsheet Jeff, See attached, ready to print. <<HourlyRate_3_02.xls<< Michael Mazowita Director of Asset Management White Pine Energy, LLC 6073 Riverton Troy, MI 48098-1899 Phone: (248) 813-1063 Fax: (248) 813-1064 Cell: (248) 345-4002 Email: Mike.Mazowita@enron.com ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** (See attached file: HourlyRate_3_02.xls)
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