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This is a physical deal. Leg 4 is unwinding Leg 1. Leg 1 had the Price and
Basis components and Leg 3 had the Index component. I am in Chicago today and tomorrow. If you have any further questions, please let me know. DG Enron North America Corp. From: Derek Bailey @ ENRON 01/16/2001 09:34 AM To: Darron C Giron/HOU/ECT@ECT cc: Subject: NW2862 Darron: Leg 4 of this deal is in TAGG as a physical swap instead of a physical forward. Is this a physical or financial deal? Thank you: Derek
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