re : hello hello ! congratulations on your new arrival - hope you are all well . got married on 26 may and got sunshine in dublin on the day ! we are running the virtual entry capacity as an auction ? bids due in on 9 july ( may be extended if transco delay their auction ) ? 5 year minimum term ? any terminal ? we have right to refuse gas at the beach on payment of compensation chosen by customer in the bid . we are still running analysis to produce beach curves based but current thinking is that ? current market inefficiency is inflating the price ( we are currently buying day ahead interruptible fergus capacity at 0 . 3 p and buying gas as it turns firm on the day at nbp - 7 p ) ? our aim is to take out the conservative guys in our auction so the transco auctions should be less ridiculous ( summer max price was 12 p but the average was 6 p , with wide spreads in each auction round ? we have modelled with transcost to verify transco ' s view that fergus can be expanded by 50 % for 1 p / th lrmc also we have some other risk management angles we intend to pursue if we end up with a large position ? offer underwriting on incremental investment by transco ? code modifications to increase capacity auctioned ? build a pipeline ! it would be great to get your views on it - shall i give you a call when we ' ve pulled together the curve analysis ? peter - - - - - original message - - - - - from : kitchen , louise sent : 26 june 2001 16 : 48 to : crilly , peter subject : hello how are things with you ? hope all is well - are you married now ? just a quick one - you have scared me with the entry point trading thing . if you ever want to talk it through give me a ring . louise