RE: Cash

I can bring back probably $45-50mm on Friday, by switching to Paribas. Maybe more, Shankman is working on his margin too.
On Peoples -I'll get back to you tomorrow.

-----Original Message-----
From: Deffner, Joseph
Sent: Wednesday, October 24, 2001 7:44 PM
To: Kitchen, Louise
Subject: RE: Cash

Clarification:
(i) Broker Margins: How much margin do we think we can bring back via Paribas? The full $60mm?
(ii) Peoples: Can I sweep the $10mm to Enron and agree to put it back with a gty? Can we put the $40mm back to Peoples if necessary? What is the prepay - they possibly prepay us?
Others I've got.

Thanks.

Joe
(i) Broker Margins
Approx: $50mm
Availability: End of Week
Probability: 85%
Current position (initial margin) $60mm out. John Arnold will tomorrow bring a large portion of this back by moving positions to our Paribas credit line (we have a $75mm line which we are only using $15mm of). I am working on the rest, which is spread across various other EGM books.

(ii) Peoples JV
Approx: $135mm
Availability: Within month
Probability: 50%
We have (i) $10mm in the enovate bank account ($20mm in total, 50:50 Enron Peoples), (ii) $40mm storage inventory and (iii) $75mm in a pre-pay.

(iii) Emmissions Reductions Credits (held by West Power).
Approx: $25.5mm
Availability: Dependent on whether financing
Probability: 50%
If the vehicle is rolled, then we could look to use the additional capacity. The vehicle will be rolled next week.

(iv) Mariner - Zero ($2mm in bank)

Deffner's group working on EGM's $400mm and Joe Gold is ready to go with his $300mm. So that's good, we should be able to get some of this off.