Storage aduit letter

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/05/2000=
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05:26 PM ---------------------------

Zimin Lu
05/05/2000 10:23 AM
To: Stinson Gibner/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT=20
Subject: Storage aduit letter

Stinson,=20

This is the letter I am going to send out to Duffie. Any comments ?
If you can think a better name for our model (ESVM), also let me know.

Zimin

Professor Darrel Duffie
450 Miramonte Avenue
Palo Alto, CA 94306

May 5, 2000

Dear Professor Duffie,

I enclosed with this e-mail Enron Storage Valuation Model (ESVM) for your=
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review. The attached files include: 1) a brief documentation of the model=
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(ESVM.doc), 2) c-code of the main routines, 3) Excel spreadsheet interface,=
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4) ESVM.dll .

Dr. Vince Kaminski, Dr. Stinson Gibner and myself have spent about one year=
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in developing this model. With traders=01, feedback incorporated, the mode=
l=20
results are close to reality. Although there are features to be included, =
we=20
believe the model is ready for your review. We look forward to your commen=
ts=20
and suggestions.=20

Please feel free to contact me should you need additional detail. =20

Sincerely,

Zimin Lu

Director, Enron Research
Zlu@enron.com
713-853-6388