Re: NYMEX Limits Testing

You would need to talk to Mike Moscosco. I don't know, but perhaps they
don't change the report for a 1 month approval only.

Steven J Ehrig@ENRON
07/07/2000 01:36 PM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: NYMEX Limits Testing

SECOND REQUEST

Tana,

I was hoping that you could answer a question for me.

I have a copy of a NYMEX approval letter dated June 5, 2000 plus the
interoffice memorandum
detailing the increase of Henry Hub Natural Gas positions from 17,000 to
20,000. They state that
this is in regards to the July ONLY contract.

However, the ECT generated report for Limits (the report Moscoso's group
creates) dated June 19, 2000
doesn't show this increase under the "Delivery Month Limit Amount" column for
July NG contracts.
In turn, the red flag, "approaching limit", pops up on the 21st. This is
b/c the limit is still at 17,000 instead
of 20,000; the red flag probably wouldn't have popped up if the limit had
been raised.

Tell me your thoughts.

Thank you so much for all of your help.
If you have any questions please give me a call, x31684.

Sincerely,

Jack Ehrig