fw : lousiana pacific deal # 421598 . 1 traders -
after speaking with risk and recognizing many inconsistencies in the way that the following deals were done , i have made the following changes that will affect your books :
there will be no deals on the st w hourly books .
st nw will show only pge purchase deal # 529161 . 1 ( offset by swap between st nw and lt nw ) .
all other deals ( 421598 . 1 , 530654 . 1 , 530653 . 1 , 530690 . 1 , 530716 . 1 , and 530689 . 1 ) have been changed to the lt nw book .
i hope this will make things easier .
virginia
- - - - - original message - - - - -
from : thompson , virginia
sent : wednesday , august 29 , 2001 11 : 25 am
to : swerzbin , mike ; williams iii , bill ; allen , thresa a .
cc : scholtes , diana ; dunton , heather ; chang , fran ; law , samantha ; alport , kysa
subject : lousiana pacific deal # 421598 . 1
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
fw : lousiana pacific deal # 421598 . 1
traders -
after speaking with risk and recognizing many inconsistencies in the way that the following deals were done , i have made the following changes that will affect your books :
there will be no deals on the st w hourly books .
st nw will show only pge purchase deal # 529161 . 1 ( offset by swap between st nw and lt nw ) .
all other deals ( 421598 . 1 , 530654 . 1 , 530653 . 1 , 530690 . 1 , 530716 . 1 , and 530689 . 1 ) have been changed to the lt nw book .
i hope this will make things easier .
virginia
- - - - - original message - - - - -
from : thompson , virginia
sent : wednesday , august 29 , 2001 11 : 25 am
to : swerzbin , mike ; williams iii , bill ; allen , thresa a .
cc : scholtes , diana ; dunton , heather ; chang , fran ; law , samantha ; alport , kysa
subject : lousiana pacific deal # 421598 . 1
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