Message-ID: <629520.1075858576504.JavaMail.evans@thyme> Date: Mon, 9 Jul 2001 08:28:14 -0700 (PDT) From: stephanie.miller@enron.com To: gerald.nemec@enron.com Subject: FW: Revised Cover Page to Price Confirm Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Miller, Stephanie X-To: Nemec, Gerald X-cc: X-bcc: X-Folder: \Nemec, Gerald (Non-Privileged)\Nemec, Gerald\Inbox X-Origin: Nemec-G X-FileName: Nemec, Gerald (Non-Privileged).pst Armando executed the wrong price confirms and unfortunately, I did not catch it. We need to send an amendment to change the price for the August 1- October 31 time frame. I will send a copy of the original that he should have exectued. Thanks Stephanie -----Original Message----- From: arlanz@mexis.com (Armando Lanz)@ENRON [mailto:IMCEANOTES-arlanz+40mexis+2Ecom+20+28Armando+20Lanz+29+40ENRON@ENRON.com] Sent: Friday, July 06, 2001 1:34 PM To: Miller, Stephanie Subject: RE: Revised Cover Page to Price Confirm You are right. It was our mistake of executing the wrong agreement. We will take your 2nd alternative: 2. Leave the Inside Ferc. reference for July and change Aug - Oct. to enable future hedging opportunities. We would need to create an amendment for NGI if you want to go this route. Please make the amendment and sent it to me Saludos, Armando Lanz Oliver Lanz Consultores en Energia S.C. Rodolfo Gaona # 6 Despacho 503, Col. Lomas de Sotelo Naucalpan, Edo de Mex CP 53390 Tel: 555 757 88 Fax: 555 757 95 Cel: 044 5502 0308 Biper: 5447 1111 cve 801 9581 ---------------------------------------------------------------------------- ----- Original Message ----- From: Miller, Stephanie To: arlanz@mexis.com Sent: Friday, July 06, 2001 11:06 AM Subject: Revised Cover Page to Price Confirm I noticed that Mexicana and ENA inadvertantly executed the confirm that referenced an "Inside FERC" Socal Border Index. I believe that we had revised the paperwork to reflect a "Natural Gas Intelligence" Socal Border Price since that is the index used for fianancial settlement in the basis markets. The Inside FERC index is new (started in March 2001) and reflects an index of $4.76 for July whereas NGI published $4.70. Should you elect to hedge August, Sept and/or October, we would need to amend the agreement to reflect the NGI posting. Here are our options: 1. Substitue the first page of the confirm (I would need to send it back to you for initials) for July - Oct. 2. Leave the Inside Ferc. reference for July and change Aug - Oct. to enable future hedging opportunities. We would need to create an amendment for NGI if you want to go this route. Please call me to discuss at your earliest convenience - I will be out of the office this afternoon but back Monday morning. Regards, Stephanie