The notification is now published to the Executive Reports Viewer website - erv.corp.enron.com, and is available for viewing.
From: Thibodeaux, Kenneth
Sent: Wednesday, October 17, 2001 10:24 AM
To: Buy, Rick; Frevert, Mark; Lay, Kenneth; Port, David; Whalley, Greg; Schultz, Cassandra; Murphy, Ted; Hayden, Frank
Cc: Wilson, Shona; Abel, Chris; Allison, John; Wallace, Cassi
Subject: RE: ERV Notification: Violation/Notification Memo 10/16/01
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Notification: Concentration Americas Natural Gas Total P&L
Limit: $100 million
DPR report P&L: $119 million
Explanation: The loss was a result of increased prices on short positions. Specifically:
Short positions in U.S. Gas (341 BCF), Canada Power Gas (214 BCF), and Cross Commodity Gas (214 BCF)
NYMEX prices increased $.21 on news of Solomon Smith Barney's revised Winter 01-02 forecast
Cash prices increased $.15-$.30 across all regions of the country