SO2 position and curve

fyi. Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
12:23 PM ---------------------------

From: Kevin McGowan @ ENRON 11/06/2000 03:19 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: SO2 position and curve

Jeff,

Our inventory (physical position) is aprox 494,000 credits long which at
roughly $125/credit value for the strip (2000-2010) would have an asset value
of $62 million. Give me a call for an explanation of our position report
below.

KJM
---------------------- Forwarded by Kevin McGowan/Corp/Enron on 11/06/2000
03:09 PM ---------------------------

From: Adam Siegel 11/06/2000 01:08 PM

To: Kevin McGowan/Corp/Enron@ENRON
cc:

Subject: SO2 position and curve