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Enron Mail |
Melba:
This product type is fine. Please send this revised product to Mark for his approval. (Let Dale know that I have had a couple of urgent NetWorks matters come up and may not get to the power products until tomorrow.) Leslie Melba Lozano 10/17/2000 10:48 AM To: Leslie Hansen/HOU/ECT@ECT cc: Claudio Ribeiro/Corp/Enron@Enron Subject: US Pwr Fin Swap (Weather Desk) FINAL VERSION US Pwr Fin Swap PJM DemPk 10/MW Nov00 USD/MW A US Power Demand Financial Swap Transaction with Enron North America Corp., under which the Seller is obliged to pay the Payment Amount to the Buyer where the Floating Amount is above the Strike Amount, or where the Buyer is obliged to pay the Payment Amount to the Seller where the Floating Amount is below the Strike Amount. The Strike Amount is the amount in Megawatts submitted in the "price" field by Counterparty via the website. The Notional Amount is the product of the quantity submitted by Counterparty via the website and the Pay Unit. The Payment Amount is the product of (i) the Notional Amount and (ii) the absolute value of the difference between the Floating Amount and the Strike Amount. The Payment Amount will be payable on or before ten (10) business days after the Floating Amount for the Calculation Period is determinable. The Calculation Period is from and including the Effective Date of 01 Nov 2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End Date). The Floating Amount shall be the arithmetic average of the hourly PJM loads for Peak hours on each Delivery Day during the Calculation Period. The Floating Amount shall be calculated utilizing the hourly integrated loads published by PJM Interconnection, LLC ("PJM") on its official web site currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or any successor thereto, under the heading "PJM Hourly Load Data". 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 megawatts and the quantity shown shall be in total MWs. The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday. The Pay Unit is 10 USD. ---------------------- Forwarded by Melba Lozano/HOU/ECT on 10/16/2000 03:49 PM --------------------------- From: Melba Lozano 10/12/2000 11:04 AM To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT cc: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT Subject: US Pwr Fin Swap (Weather Desk) EXTERNAL - (REVISED LANGUAGE) PLEASE SEE REVISED EXAMPLE: US Pwr Fin Swap PJM DemPk 10/MW Nov00 USD/MW A US Power Demand Financial Swap Transaction with Enron North America Corp., under which the Seller is obliged to pay the Payment Amount to the Buyer where the Floating Amount is above the Strike Amount, or where the Buyer is obliged to pay the Payment Amount to the Seller where the Floating Amount is below the Strike Amount. The Strike Amount is the amount in Megawatts submitted in the "price" field by Counterparty via the website. The Notional Amount is the product of the quantity submitted by Counterparty via the website and the Pay Unit. The Payment Amount is the product of (i) the Notional Amount and (ii) the absolute value of the difference between the Floating Amount and the Strike Amount. The Payment Amount will be payable on or before ten (10) business days after the Floating Amount for the Calculation Period is determinable. The Calculation Period is from and including the Effective Date of 01 Nov 2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End Date). The Floating Amount shall be the arithmetic average of the hourly PJM loads for Peak hours on each Delivery Day during the Calculation Period. The Floating Amount shall be calculated utilizing the hourly integrated loads published by PJM Interconnection, LLC ("PJM") on its official web site currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or any successor thereto, under the heading "PJM Hourly Load Data". 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 megawatts and the quantity shown shall be in total MWs. The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday. The Pay Unit is 100 USD. ---------------------- Forwarded by Melba Lozano/HOU/ECT on 10/12/2000 10:58 AM --------------------------- From: Melba Lozano 10/12/2000 10:32 AM To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT cc: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT Subject: US Pwr Fin Swap (Weather Desk) EXTERNAL Your review and approval of the following product type in the EOL Datamanager is needed (for directions on approval , please see steps for approval at the bottom of this e-mail). This Product Type is already offered in production to INTERNAL customers on the website. It now needs to be offered to EXTERNAL customers. EXAMPLE: US Pwr Fin Swap PJM DemPk 10/MW 02-06Oct00 USD/MW A US Power Demand Financial Swap Transaction with Enron North America Corp., under which the Seller is obliged to pay the Payment Amount to the Buyer where the Floating Amount is above the Strike Amount, or where the Buyer is obliged to pay the Payment Amount to the Seller where the Floating Amount is below the Strike Amount. The Strike Amount is the amount in Megawatts submitted in the "price" field by Counterparty via the website. The Notional Amount is the product of the quantity submitted by Counterparty via the website and the Pay Unit. The Payment Amount is the product of (i) the Notional Amount and (ii) the absolute value of the difference between the Floating Amount and the Strike Amount. The Payment Amount will be payable on or before ten (10) business days after the Floating Amount for the Calculation Period is determinable. The Calculation Period is from and including the Effective Date of 02 Oct 2000 (Initial Date) to and including the Termination Date of 06 Oct 2000 (End Date). The Floating Amount shall be the arithmetic average of the hourly PJM loads for Peak hours on each Delivery Day during the Calculation Period. The Floating Amount shall be calculated utilizing the hourly integrated loads published by PJM Interconnection, LLC ("PJM") on its official web site currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or any successor thereto, under the heading "PJM Hourly Load Data". The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday. 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 megawatts and the quantity shown shall be in total MWs. The Reference Basis is 65 Degrees Fahrenheit and the Reference Degrees are in Fahrenheit. The Pay Unit is 100 USD. The Maximum Payout Limit is 20000 USD, multiplied by the quantity submitted by the Counterparty via the website. ============================================================================== ===== STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved" Thanks - Rob Cass - Melba Lozano x35491 x58986
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