Message-ID: <12558609.1075855378931.JavaMail.evans@thyme>
Date: Wed, 25 Apr 2001 18:57:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ned.higgins@enron.com
Subject: Re: Unocal WAHA Storage
Cc: mike.grigsby@enron.com
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Ned,

Regarding the Waha storage, the west desk does not have a strong need for this storage but we are always willing to show a bid based on the current summer/winter spreads and cycling value.  The following assumptions were made to establish our bid:  5% daily injection capacity, 10% daily withdrawal capacity, 1% fuel (injection only), 0.01/MMBtu variable injection and withdrawal fees.  Also an undiscounted  June 01 to January 02 spread of $0.60 existed at the time of this bid.

Bid for a 1 year storage contract beginning June 01 based on above assumptions:  $0.05/ MMBtu/Month ($0.60/Year).  Demand charges only.

I am not sure if this is exactly what you need or not.  Please call or email with comments.

Phillip Allen

