Enron Mail

From:john.lavorato@enron.com
To:wes.colwell@enron.com
Subject:NE ICAP
Cc:david.delainey@enron.com
Bcc:david.delainey@enron.com
Date:Tue, 24 Oct 2000 06:26:00 -0700 (PDT)

We should get 9 Million of Prudency tonight.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 10/24/2000
01:20 PM ---------------------------



From: Kevin M Presto @ ECT 10/24/2000 11:54 AM


To: John J Lavorato/Corp/Enron@Enron
cc: Mark Dana Davis/HOU/ECT@ECT

Subject: NE ICAP

We will wear the ICAP position with the following marks that represent the
true mid.

2001 2.00 (0.35 lower than yesterday)
2002 1.65 (0.35 lower than yesterday)
2003 1.65 (0.35 lower than yesterday)

These new marks result in $9 million of incremental value that will hit
Dana's P&L tonight. Based on our discussion earlier, East Power (Dana
specifically) is now fully wearing this position and fully assumes all
downside and upside associated with the position.