Message-ID: <31834937.1075840059418.JavaMail.evans@thyme> Date: Fri, 3 Aug 2001 11:52:38 -0700 (PDT) From: fran.chang@enron.com To: sean.crandall@enron.com, stewart.rosman@enron.com Subject: RE: Modesto deal changes made Cc: diana.scholtes@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: diana.scholtes@enron.com X-From: Chang, Fran X-To: Crandall, Sean , Rosman, Stewart X-cc: Scholtes, Diana X-bcc: X-Folder: \ExMerge - Crandall, Sean\Inbox X-Origin: CRANDELL-S X-FileName: Yes Sean, leg 3 is only for peak for 8/6/01-9/30/01 and premium for leg 3 is $2/MWh. PS. The $5/MWh premium for the original leg 1 is already liquidated and paid off. -----Original Message----- From: Crandall, Sean Sent: Friday, August 03, 2001 8:39 AM To: Chang, Fran; Rosman, Stewart Cc: Scholtes, Diana Subject: RE: Modesto deal changes made Just a clarification. The new leg 3 is just for onpeak (correct?), and the premium is $2 total, not in addition to premium of first deal. Is this correct? -----Original Message----- From: Chang, Fran Sent: Thursday, August 02, 2001 4:18 PM To: Rosman, Stewart Cc: Crandall, Sean; Scholtes, Diana Subject: Modesto deal changes made Stewart, Per our discussion I have changed Modesto basis option deal #520328 to reflect the restructured terms: * original peak deal (leg 1) deal end date was changed from 9/30/01 to 8/5/01. * new leg 3 was created for 8/6/01-9/30/01. All terms stay the same except that strike price was changed to $3 and an extra premium was added for $2/MWh for the new leg. I have also put a note in the comment field requesting the confirm group to send documents to you before sending to counterparty. Please let me know if you have any questions. Thanks, Fran x7973