Message-ID: <21704987.1075852233262.JavaMail.evans@thyme>
Date: Wed, 3 Oct 2001 06:41:45 -0700 (PDT)
From: rskim@cmsenergy.com
To: c..giron@enron.com
Subject: 
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Richard S Kim" <rskim@cmsenergy.com>@ENRON <IMCEANOTES-+22Richard+20S+20Kim+22+20+3Crskim+40cmsenergy+2Ecom+3E+40ENRON@ENRON.com>
X-To: Giron, Darron C. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DGIRON>
X-cc: 
X-bcc: 
X-Folder: \DGIRON (Non-Privileged)\Giron, Darron C.\Inbox
X-Origin: GIRON-D
X-FileName: DGIRON (Non-Privileged).pst

Darren,

Here is the bottom line on the transaction.

Upside:
Term:  12 month fix price @ 50,000 day
Estimated term value:  ~$60M
Split profits 50/50

Downside:
Buyer credit:  BB (on negative credit watch now)

Let me know if you are interested in this one.

Thanks,
Richard Kim
Fuel Sales Manager
CMS Energy Marketing, Services and Trading
(O) 713.289.5504
(C) 713.302.1066
www.cmsenergy.com/mst/