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Enron Mail |
We need an immediate legal review to see what are on-going $ risks are in E=
RCOT. The deficiency of $6500 is no big deal when they allocate to all of= the QSE's on a pro-rata basis, however what if the deficiency is $100 mill= ion and we our pro-rata share is $3 million? Do we have any legal recourse? Do they suspend the deficient QSE immediat= ely? -----Original Message----- From: =09Day, Smith L. =20 Sent:=09Monday, October 15, 2001 2:47 PM To:=09Will, Lloyd; Presto, Kevin M. Subject:=09FW: Short Payment Notice Importance:=09High Gentlemen: I have a call in to Thane Twiggs from Regulatory affairs to ask what is at = the bottom of this. Obviously this is a bad situation. Regards, Smith L. Day Enron Power Marketing, Inc. Ph. 713-853-4201 Fax: 713-646-8272 Pager: 877-306-9429 -----Original Message----- From: =09"Hailu, Ted" <THailu@ercot.com<@ENRON =20 Sent:=09Monday, October 15, 2001 12:35 PM To:=09Amie Jackson; Amy L. Pratka; Andy Mitrey; Angela Williams; Beth Garza= ; Bill Palmer; Bob Cooper; Brady Edwards; Brenda Green; Carl Smith; Carl Sm= ith; Dan Carey; Dan Sarti; Dana Leger; David Wessels; Debbie Pawlik; Debra = Bailey; Dennis Dyc; Eric Slover; Frances Nitschmann; Gary Herndon; Ginger G= eissler; James Striedel; Janet Holland; Miller, Jeffrey; Jenny Doyas; Jerry= Burt; Joe Barker; Joe Favalora; John Forney; Kathy Fitzmaurice; kelly Mine= ar; Kim Koliba; Lee Star; Linda Le Master; Lisa Jones; Liz Ramirez; Lora Ki= nner; Marc Rubenstein; Maria Colby; Maria Gardner; Marianne Deane; Marice N= ealy; Mark Wright; Martha Murphy; Max Bulk; Jacobson, Michael; Mike Coyle; = Mike Tejada; Pat Vogelei; Paul Krebs; Radous, Paul; Peter Pavluk; Phillip R= obinson; Ramesh Ganesh; Rhonda Hager; Rick Rucker; Rick Vick; Rick Williams= on; Rosalie Day; Sam Davis; Sandra Eubank; Shannon Wagner; Shonda McKnight;= Sonya Francois; Stacy Schamel; Stephanie Mullen; Susan Potters; Tamila Nik= azm; Thomas Ho; Allen, Thresa A.; Tom White; Troy Martin; Valentin Petrov; = Walt Kuhn Cc:=091 Client Service Reps; Grendel, Steven; Bojorquez, William \"Bill\"; = Noel, Tom; Jones, Sam; Tindall, Heather; 1 SCS Leads; Buckles, Maxine; Saat= hoff, Kent; 1 Settlements & Billing Department Subject:=09Short Payment Notice Importance:=09High QSEs that are owed monies from ERCOT on invoices that are due today, Octobe= r 15, 2001, will notice that the amount of funds transferred is short of th= e balance due on the invoice. This is a notification that ERCOT will follow= the "short payment" procedure stated in the ERCOT protocols for payments b= eing made to QSEs today. Due to short payments by one or more QSEs, ERCOT = is insufficient of funds to pay all amounts in full. As described in the E= RCOT protocols, section 9.4.4, ERCOT will deduct ERCOT administrative fees = and reduce payments to all invoice recipients that are owed monies. The red= uctions will be based on a pro rata basis of monies owed to each ERCOT cred= itor for this invoice to the extent necessary to clear ERCOT's accounts on = the payment date to insure revenue neutrality for ERCOT. ERCOT will distrib= ute past due funds on a pro rata basis of monies owed on the next business = day after receipt of the monies.=20 If you have any questions, please call your ERCOT client service representa= tive.=20 Ted Hailu=20 Client Relations Manager=20 Electric Reliability Council of Texas=20 E-mail: Thailu@ercot.com=20 Telephone: (512) 248-3873
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