we have a purchase booked here, we need to reverse?
---------------------- Forwarded by Edward D Gottlob/HOU/ECT on 02/01/2001 
09:33 AM ---------------------------


Jack Simunek
01/31/2001 10:19 AM
To: Sherlyn Schumack/HOU/ECT@ECT
cc: Edward D Gottlob/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Lauri A 
Allen/HOU/ECT@ECT 
Subject: Re: PGTT Meter 986884 - Dec Issue  

Sorry it took me so long to get back to you.  PG&E did not fully process the 
gas stream at their Indian Springs plant on December 12 and 13 and took the 
reduced shrinkage, 19.000 MMBtu/d, and sold it to HPL at Gas Daily -$0.04.  
PG&E did not have the right to do that, so they are going to allocate that 
volume to Comstock, from whom we will buy the gas at the beginng of the month 
index.  At the same time PG&E will create an imbalance, for which they will 
pay HPL the same amount HPL paid them for the gas for those two days.  This 
should wash the sale at Gas Daily and leave HPL buying the gas at the 
beginning of the month IFHSC ( the price in the Comstock purchase contract) 
and selling it at the Gas Daily price for 12/12 and 12/13.  The paperwork is 
on its way to me to close this issue out.


   
	
	
	From:  Sherlyn Schumack                           01/23/2001 07:49 AM
	

To: Jack Simunek/HOU/ECT@ECT
cc:  
Subject: PGTT Meter 986884 - Dec Issue

Jack,
Sandra at TECO seems to think you may have some information on how this deal 
should work.   



---------------------- Forwarded by Sherlyn Schumack/HOU/ECT on 01/23/2001 
07:47 AM ---------------------------


Mary Poorman@ENRON
01/22/2001 04:47 PM
To: Edward D Gottlob/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT
cc: Edward Terry/HOU/ECT@ECT 
Subject: PGTT Meter 986884 - Dec Issue

Ed,

Sherlyn has brought to my attention the deal I have attached below.  
Apparently we bot from PGE Industrial on the 12th and 13th.  PG&E has 
allocated an offsetting sale at the meter to TECO, and claim that they are 
net deals.  I do not show a sale in the system at the meter, and I checked 
the 215 K for those days for a corresponding delivery to TECO, perhaps at 
another meter, and could not find one.  

Any light you could shed on this issue would be appreciated.

Mary