RE: F.P.U. NEW SMYRNA DELIVERY POINT QUESTION ,
 I agree with Teb.
The "book-out" is GTC Section 14.A.

Not sure what you mean by "Balancing Entities".
The same DPOA covers both contracts.
But, there are two contracts.
And, the two contracts are accounted for separately.
Each contract must be "balanced".
(Whether covered by one DPOA or two DPOAs.)
Is that what you mean?

Since FPU holds two FTS-1 contracts (according to Nancy), 
we could probably combine them (if FPU wants top do that).
Jim says that we did that for Peoples.
We would have to check and see if there was any reason not to combine.
If they were combined, then there would be balancing under one contract.

 -----Original Message-----
From: 	Lokey, Teb  
Sent:	Monday, January 07, 2002 9:35 AM
To:	Long, John; Cramer, James; Nacey, Sheila; King Jr., Frazier
Cc:	Dietz, Rick; Bastida, Nancy; Smith, Buzz
Subject:	RE: F.P.U. NEW SMYRNA DELIVERY POINT QUESTION

He can net imbalances together by "booking out" the imbalance of one entity with the imbalance of the other entity.  In other words,  do a book-out with himself.  This can be done without adding the single point as a division to an existing divisional contract.

 -----Original Message-----
From: 	Long, John  
Sent:	Monday, January 07, 2002 7:50 AM
To:	Cramer, James; Nacey, Sheila; Lokey, Teb; King Jr., Frazier
Cc:	Dietz, Rick; Bastida, Nancy; Smith, Buzz
Subject:	F.P.U. NEW SMYRNA DELIVERY POINT QUESTION
Importance:	High


	I spoke with Chris Snyder this morning and his request is to add New Smyrna as a 4th Division to his existing 3 Divisions in order to have one Balancing Entity  vs.. Two Balancing Entities so he can net imbalances together. He is not looking for section 11 rights and he knows the New Smyrna lateral is constrained and he can not move any additional volumes there. Chris right now will have to deal with Two Balancing Entities and this is what he is trying to avoid. He will do what ever it takes on his end that we require/request. Please take another look with the one reason (Balancing) in mind. Give me your feedback. Thanks... John.
teb.lokey@enron.com, john.long@enron.com, james.cramer@enron.com, 