Re: 24x5 Nat Gas Product calculations

We will trade this product every day, but we aim to start trading it this bid
week, if possible.

Eric

Dale Neuner 05/04/2000 01:41 PM

To: Eric Bass/HOU/ECT@ECT, Michael Belmont/HOU/ECT@ECT, Mark
Dilworth/LON/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT
cc:
Subject: 24x5 Nat Gas Product calculations

Michael - can you give me an idea of where we are in uploading the Specs for
this.

Eric, our biggest concern with this right now is the valuation for the
Products that you would see in your Position Summary. We know that is we
passed these trades through the system as a straight month-long transaction,
that the valuation would be wrong. Additionally, the start and end dates will
skue the valuation based on which day of the week the first calendar day of
the month falls on and which day of the week the last calendar day of the
month falls on. Using a straight 5/7 valuation methodology is only going to
get you 'close' to true value in the Position Summary. Hence, the specs sent
to Mike that you see in the e-mail below will need to be built.

In short, Eol was not set up to readily accept this valuation methodology. We
will get you as close as we can, and we will give you some idea of how close
these Position Values will be.

Also, can you confirm that you intent to always and ONLY trade this Product
during bid week?

Dale

---------------------- Forwarded by Dale Neuner/HOU/ECT on 05/04/2000 01:37
PM ---------------------------

Mark Dilworth
04/28/2000 04:23 AM
To: Michael Belmont/HOU/ECT@ECT
cc: Teresa Smith/Corp/Enron@Enron, Jay Webb/HOU/ECT@ECT, Jennifer deBoisblanc
Denny/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, David
Forster/Corp/Enron@Enron
Subject: 24x5 Nat Gas Product calculations

Michael,

I owe you a spec. re. this and here it is:

The volume for products that have delivery frequency of:

Daily
Hourly
Half Hourly

need to be modified by the multiplier week coverage factor.

This is found on table EOL_WEEKDAY_GROUPINGS, and the link is

EOL_MARKET_PRODUCTS.DELIVERY_WEEKDAY_GROUP_ID =
EOL_WEEKDAY_GROUPINGS.WEEKDAY_GROUP_ID.

M

---------------------- Forwarded by Mark Dilworth/LON/ECT on 04/27/2000 12:30
PM ---------------------------
From: Jennifer deBoisblanc Denny on 04/27/2000 01:38 AM
To: Mark Dilworth/LON/ECT@ECT, Michael Belmont/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT

Subject: 24x5 Nat Gas Product calculations

Mark & Michael,
Remember we had discussed this when you were here.
The question is ......................in EOL Reports there is a Position
Summary Report and in Stack Manager there is the Transaction Summary.
will these calculate properly on the 24x5 product? The start date & end date
will imply every day but the product excludes weekends.

---------------------- Forwarded by Jennifer deBoisblanc Denny/HOU/ECT on
04/26/2000 06:21 PM ---------------------------
Dale Neuner 04/26/2000 03:44 PM

To: Mark Dilworth/LON/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT
Subject: 24x5 Nat Gas Product calculations

We have finsihed creating and testing a the new 24x5 Nat Gas Product (a month
long transaction which only moves gas Mon-Fri). A final question has come up
- how will these be calculated. Jennifer is under the impression that
something was being built in the EOL Position Summary Report that would be
able to calculate these kinds of trades. Is that the case? Has that been done?

Dale