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Enron Mail |
Sally and Brent,
Here are the details behind our phone calls this morning. "M" is millions. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 08/31/2000 11:43 AM --------------------------- Clara Carrington 08/31/2000 10:31 AM To: Sheila Glover/HOU/ECT@ECT cc: Joyce Kuo/NA/Enron@Enron Subject: Summary of Cash Flow Events Sheila, We have been having issues with the commodity cash flows since last Friday, Aug 25. This is a listing of what's been going on. TIME PDH DATE COMMODITY BOOK GIVEN TO TRADER SUMMARY OF DISCUSSION 8/25/00 ENPOWER - WEST 7:05 Original West cash flows did not look right. Valerie left voice mail late Thursday night stating not to treat the $18M gain as final. She indicated that Lavorato was going to review the cash flows this morning and she will let us know the final number at that time. These cashflows created a $19,000 PV01 affect. 7:45 Re-ran w/old West CF After consulting with Pushkar, we replaced the new west cash flows with prior days so hedging could begin. 10:15 Final Spoke with Monica Lande at 9:30am and she stated that the original cash flows received were real. We then had to bring the original cash flows back and re-do the PDH reports. 8/28/00 refer to email sent by Sheila on this day. 8/29/00 UK-NAP-LT-PRC 7:35 Cash flows received from the UK book looked really weird. The $38M cash flow curve change created a 15,000 PV01 affect. We contacted Guy Freshwater regarding. He indicated that per Mark Fondren, the book was officialized Monday, on Friday since Monday was a Holiday for their Office. We backed out the new cash flow, and then substituted the old ones. 8/30/00 UK-NAP-LT-PRC 7:30 Original The same thing happened as 8/29/00. The book was not officialized 7:45 Final on 8/29, therefore we received the same incorrect cash flows. We again substituted these cash flows with those received on 8/25/00. I talked with Mark Fondren and he indicated that the book has now been officialized. (In the past we have not had issues with the UK commodity Books in the ERMS system. ) 8/31/00 ENPOWER - WEST 7:20 Original Cash flows received for west created a 14,000 PV01 affect. We contacted 8:00 Final Monica Lande and she informed us that there was a $14 M loss in their book, but $6 M was not real. We asked for a cash flow strip for the incorrect flows, but she was not able to provide it. Therefore, we used the previous day's cash flows. After the 7:20 PDH report, the system started running slow, therefore it took even longer to produce a revised report.
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