Message-ID: <26195287.1075852821290.JavaMail.evans@thyme> Date: Tue, 23 Oct 2001 04:52:12 -0700 (PDT) From: sarah.novosel@enron.com To: m..presto@enron.com, dana.davis@enron.com, j..broderick@enron.com, narsimha.misra@enron.com Subject: FW: FTR Products Cc: tom.hoatson@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: tom.hoatson@enron.com X-From: Novosel, Sarah X-To: Presto, Kevin M. , Davis, Mark Dana , Broderick, Paul J. , Misra, Narsimha X-cc: Hoatson, Tom X-bcc: X-Folder: \KPRESTO (Non-Privileged)\Deleted Items X-Origin: Presto-K X-FileName: KPRESTO (Non-Privileged).pst See the email below from Andy Ott. Andy is working on a new FTR product and would like industry feedback. We could either provide our responses in writing or we could arrange a conference call with Andy so that you all could ask additional questions and have more of a dialogue. If would like to respond in writing, Tom Hoatson and I will work with you to get everyone's input and prepare our response. Please let us know. Thanks Sarah and Tom -----Original Message----- From: ott@pjm.com [mailto:ott@pjm.com] Sent: Tuesday, October 23, 2001 7:44 AM To: Novosel, Sarah Subject: FTR Products Sarah, I am working with several groups to design a better Financial Transmission Rights product for PJM (and other RTO regions) and I would like to get feedback from Enron in several areas ... 1. Under the current PJM FTR Auction system a customer can request FTRs between any two points (including Hubs, Zones, etc.). From your perspective, would there be any benefit to also offering a Financial 'flowgate-type' product in this auction ? The product would be like a grouping of FTR paths similar in concept to the way we group buses to form the Western Hub.... sort of like a Hub for FTRs design to attempt to get my trading volume (liquidity) in the transmission rights products. 2. As we look forward to a NE RTO, what is the best set of FTR Auction periods that we should offer ? ( i.e. Yearly, Monthly, Multi-year, weekly) 3. How important would a uni-directional FTR product (no down side risk) be to you. 4. Describe what characteristics you are looking for in a Transmission Congestion hedging product. 5. If you had a choice between the products described in items 1 and 3, which would you want first ?