Enron Mail

From:virginia.thompson@enron.com
To:mike.swerzbin@enron.com, bill.williams@enron.com, a..allen@enron.com
Subject:Lousiana Pacific Deal # 421598.1
Cc:diana.scholtes@enron.com, heather.dunton@enron.com, fran.chang@enron.com,samantha.law@enron.com, kysa.alport@enron.com
Bcc:diana.scholtes@enron.com, heather.dunton@enron.com, fran.chang@enron.com,samantha.law@enron.com, kysa.alport@enron.com
Date:Wed, 29 Aug 2001 14:24:39 -0700 (PDT)

All-

Per an inquiry from Lousiana Pacific regarding deal # 421598.1 (LT NW):

Structure: 7 MW around the clock, 100% load factor. Buy back at basis or remarket at a 70% / 30% split.

February 23, 2001: Load was taken from 7 MW to 4 MW for HE 11 - 24. Deal # 421598.1 was reduced from a 7 MW to a 4 MW (D. Scholtes).
We remarketed the 3 MW's real time to WWP deal # 530654.1 (source PGE). We did not enter a deal to keep LP whole.

February 24, 2001: Load was taken from 7 MW to 4 MW for HE 1 - 24. Deal # 421598.1 was reduced from a 7 MW to a 4 MW (D. Scholtes).
We remarketed the 3 MW's real time to Puget for HE 1-9 deal # 530689.1 and to WWP for HE 10-24 deal # 530716.1.
We did not enter a deal to keep LP whole.

August 29, 2001: Virginia set deal # 421598.1 back to 7 MW, keeping sale to LP whole, and entered deal # 754187.1 to buy back 3 MW of LP energy at 70 % of the price sold real time. (70% / 30% split according to agreement with LP).
VT routed original purchase from PGE-deal 529161.1 (ST NW) back to Lousiana Pacific-deal # 421598.1 (LT NW) and routed the "buy-back" deal # 754187.1 (ST W HOURLY) to WWP and to Puget (ST W HOURLY).

I think that this will properly take care of the dispute and make Lousiana Pacific happy. Please let me know if you have any questions or comments.


Thanks,

Virginia