Enron Mail

From:paul.devries@enron.com
To:john.lavorato@enron.com, rob.milnthorp@enron.com
Subject:British Energy Update
Cc:garrett.tripp@enron.com, jeff.borg@enron.com, dana.davis@enron.com
Bcc:garrett.tripp@enron.com, jeff.borg@enron.com, dana.davis@enron.com
Date:Fri, 26 Oct 2001 07:02:25 -0700 (PDT)

As promised, attached is the second update on our British Energy hedging program. We have been very successful in the last few weeks moving a number of deals forward. Other retail marketers are starting to come out of the woodwork to purchase power for retail intitiatives. The pending deals listed are those with <50% probability of closing. Obviously, none of these deals are binding, and as we execute some of these, we will re-evaluate the position.

Cheers, Paul D