additional bid criteria for your convenience and / or use by your customers , i ' ve revised the proposed term sheet to include the two ( 2 ) altenative sharing mechanisms that your customers should base their bids upon . this term sheet also includes a second example of how the sharing mechanism works .
- - - - - - - - - - - - - - - - - - - - - - forwarded by jeffery fawcett / et & s / enron on 01 / 31 / 2001 11 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
jeffery fawcett
01 / 31 / 2001 09 : 54 am
to : lorraine lindberg / et & s / enron @ enron , tk lohman / et & s / enron @ enron , michelle lokay / et & s / enron @ enron , susan scott / et & s / enron @ enron
cc : steven harris / et & s / enron @ enron , kevin hyatt / et & s / enron @ enron
subject : additional bid criteria
we ' ve been asked to go back to the shippers and secure two ( 2 ) bids on the capacity . ask your shippers to look at the term sheet and give us a bid on ( 1 ) the [ original ] 30 % sharing mechanism on alternate west flows , and ( 2 ) a 50 % sharing mechanism on alternate west flows . let them know we realize that the 50 % sharing mechanism will likely result in a reduced reservation rate , however , we ' d like to see both " looks " at the deal . also , whether we choose the structure with a 30 % sharing , or the 50 % sharing , let them know that we ' ll make our decision on best bid [ on friday ] based on the highest npv of reservation bid .
additional bid criteria
for your convenience and / or use by your customers , i ' ve revised the proposed term sheet to include the two ( 2 ) altenative sharing mechanisms that your customers should base their bids upon . this term sheet also includes a second example of how the sharing mechanism works .
- - - - - - - - - - - - - - - - - - - - - - forwarded by jeffery fawcett / et & s / enron on 01 / 31 / 2001 11 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
jeffery fawcett
01 / 31 / 2001 09 : 54 am
to : lorraine lindberg / et & s / enron @ enron , tk lohman / et & s / enron @ enron , michelle lokay / et & s / enron @ enron , susan scott / et & s / enron @ enron
cc : steven harris / et & s / enron @ enron , kevin hyatt / et & s / enron @ enron
subject : additional bid criteria
we ' ve been asked to go back to the shippers and secure two ( 2 ) bids on the capacity . ask your shippers to look at the term sheet and give us a bid on ( 1 ) the [ original ] 30 % sharing mechanism on alternate west flows , and ( 2 ) a 50 % sharing mechanism on alternate west flows . let them know we realize that the 50 % sharing mechanism will likely result in a reduced reservation rate , however , we ' d like to see both " looks " at the deal . also , whether we choose the structure with a 30 % sharing , or the 50 % sharing , let them know that we ' ll make our decision on best bid [ on friday ] based on the highest npv of reservation bid .