Re: Class

In addition: expert clauses - which ones need to be changed, when and why -
what are reversals and why we use them - how to check physical prompt month
value for potential errors - how to calculate physical prompt month value -
checking the OA Flash tab. I am sure there are some others.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/17/2000
09:21 AM ---------------------------

Enron Capital Management

From: David Baumbach 11/17/2000 09:19 AM

To: William Kelly/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON
cc:
Subject: Re: Class

Topics should include: NX3 roll-off, the curveshift associate with basis NX3
roll-off and where it will show up on the p&l, what days we will roll in
index - the percentages, how to adjust percentages for fixed priced prompt
month positions, when to bring in prompt month value, how to put liquidations
in the physical P&L, how to roll the physical and financial p&l's, etc.

Any suggestions?

Dave

From: William Kelly 11/17/2000 08:59 AM

To: Kam Keiser/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Jeffrey C Gossett/HOU/ECT@ECT
Subject: Class

Our next class will combine EOM bench/NGP&L and P&L procedures. We will hold
the class Tuesday @ 9:30 and combine both groups 1&2 for one class. Jeff
would like to go over the bench and NGP&L process for 45 minutes or so, and
the rest of the class will be handled by Dave and Kam. I will leave it to
you 2 to decide who will talk about what. Lets get together on Monday to
brainstorm.

WK