RE: Settling with the Pool

Financial settlement occurs between Enron and the customer. The pool is agnostic to what its participants do (i.e. generators that do 3rd party physical hedge are still paid by the pool, consumers of electricity who do 3rd party physical hedges also pay the pool)

-----Original Message-----
From: "wendy" <wconwell@rr.com<@ENRON
Sent: Sunday, June 24, 2001 11:25 AM
To: Davies, Derek; Zufferli, John
Cc: Conwell, Wendy
Subject: Settling with the Pool

Derek/John,

Quick question... from what I have read, it appears as though the way the Power Pool works, the Pool settles with the buyers and sellers each month. However,what happens when we contract with a counterparty directly? Does the pool collect payment due for energy delivered under a bilateral contract and then forward payment onto the supplying party? Or does the financial settlement occur directly between Enron and the counterparty? Please advise,

Thanks,

Wendy

PS-Please reply to my email address at work. wendy.conwell@enron.com << File: mailto:wendy.conwell@enron.com << .

PSS- Hey John...The Rimrock was beautiful and dinner was incredible! Thanks for the recommendation.