Yes, Global agrees.

Thank you, 

Tammie Huthmacher
Global Emerging Businesses 713-853-6565

 -----Original Message-----
From: 	Sever, Stephanie  
Sent:	Monday, October 22, 2001 5:39 PM
To:	Jones, Tana; Global Emerging Businesses
Cc:	Moran, Tom; Lebrocq, Wendi
Subject:	FW: Sigma request (CAN Gas Phy Fwd East Spd < or = 1Mo)



The product long description below will fall under the new product types:

	CAN Gas Phy Fwd East Spd < or = 1 Mo
	
Credit (Tom Moran/Wendi Lebrocq) have approved copying the profiles for the new product type from the following:

	CAN Gas Phy Index Firm East < or = 1 Mo

Please respond no later than 10am, Wednesday, October 23.

Thank you.


 -----Original Message-----
From: 	Moran, Tom  
Sent:	Monday, October 22, 2001 5:16 PM
To:	Sever, Stephanie
Cc:	Lebrocq, Wendi
Subject:	RE: Sigma request (CAN Gas Phy Fwd East Spd < or = 1Mo)

I think that it would be reasonable.  Thanks Stephanie.

 -----Original Message-----
From: 	Sever, Stephanie  
Sent:	Monday, October 22, 2001 4:35 PM
To:	Moran, Tom; Lebrocq, Wendi
Subject:	FW: Sigma request (CAN Gas Phy Fwd East Spd < or = 1Mo)

Tom/Wendi,

What do you think about copying the profiles from Product Type - CAN Gas Phy Index Firm East < or = 1 Mo?

Thanks,
Stephanie x33465

 -----Original Message-----
From: 	Walker, Chris  
Sent:	Wednesday, October 17, 2001 11:07 AM
To:	Hayden, Frank; Adams, Matthew; Clark, Claudia
Cc:	Lees, Lisa; Sever, Stephanie; O'day, Karen; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Blumenthal, Jeff; Musch, Susan; Lozano, Melba; Meredith, Kevin
Subject:	Sigma request (CAN Gas Phy Fwd East Spd < or = 1Mo)

Please provide a sigma factor for the following new product type:	(the current sigma for CAN Gas Phy Basis East Spd is $0.10/MM)

CAN Gas Phy Fwd East Spd < or = 1Mo

Can Gas Phy Spd  Dawn vs Niagara   Nov01           USD/MM

A Canadian Gas Spread Transaction which is entered into as two physical Transactions with Enron North America Corp. under which either (A) for the case in which Counterparty submits an offer to buy the Spread from Enron, Counterparty shall sell the First Transaction and buy the Second Transaction while Enron shall buy the First Transaction and sell the Second Transaction, each in respect to a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis; or (B) for the case in which Counterparty submits an offer to sell the Spread to Enron, Counterparty shall buy the First Transaction and sell the Second Transaction while Enron shall sell the First Transaction and buy the Second Transaction, each in respect to a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis. The Contract Price for the First Transaction will be the midpoint of the bid and offer price(s) on the Website for the first product listed in the short description at the time of the Transaction if both the bid and offer prices are then available or the available price if only one of such prices is then available.  The Contract Price for the Second Transaction will be the Contract Price for the First Transaction, modified by the price submitted by the Counterparty on the Website.
The transaction is from the Effective Date to the Termination Date. The Effective Date is 01 Nov 2001. The Termination Date is 30 Nov 2001.
The First Transaction is for delivery at Union Gas - Dawn, Ontario.  The Second Transaction is for delivery to Transcanada Pipelines at Niagara.
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day.

 << File: SPOT GTC Nat Gas ENA.doc >> 

Thanks,

CW