Message-ID: <16111570.1075842519266.JavaMail.evans@thyme>
Date: Thu, 9 Mar 2000 13:34:00 -0800 (PST)
From: drew.fossum@enron.com
To: drew.fossum@enron.com
Subject: Re: daily firm on TW
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check with susan on the daily issue--did we test the reason behind our daily 
limit?  If we can do one month deals, why not 12 month?   
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/09/2000 
09:33 PM ---------------------------
   
	
	
	From:  Mary Kay Miller                           03/09/2000 05:52 PM
	

To: Susan Scott/ET&S/Enron@ENRON
cc: Drew Fossum@ENRON, Mary Darveaux, Glen Hass 

Subject: Re: daily firm on TW  

I thought we had worked on some revised language, because we had a concern 
when the agreement indicated the discount was available for the month.  Glen 
was working with you on this I believe.  MK


   
	
	
	From:  Susan Scott                           03/09/2000 11:44 AM
	

To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum@ENRON
cc:  

Subject: daily firm on TW

The Commercial Group has asked whether they can sell daily firm for longer 
than a 3-month period.  This phrasing is of course misleading; TW's daily 
firm contracts are always for a term of just one day, but renew for 
consecutive one-day terms unless terminated.  The discount letter, on the 
other hand, grants a discounted rate for each of the one-day terms for a 
certain period of time (typically one month).  Steve Harris wants to be able 
to "sell daily firm for a one-year period."  In contractual terms all this 
would mean is that the contract is for renewabable one-day terms (as usual), 
and the discount applicable to such terms would be effective for one year.  I 
see no problem with this, do you?  (Apparently the current perception in 
marketing is that regulatory/legal was limiting daily firm to a 3-month 
period.)