Message-ID: <26293351.1075850400014.JavaMail.evans@thyme> Date: Tue, 19 Jun 2001 13:05:00 -0700 (PDT) From: jeff.dasovich@enron.com To: skean@enron.com, rshapiro@enron.com Subject: DWR's Stranded Costs Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: skean@enron.com, rshapiro@enron.com X-cc: X-bcc: X-Folder: \Steven_Kean_Nov2001_3\Notes Folders\California - working group X-Origin: KEAN-S X-FileName: skean.nsf Please don't use this yet. Refinements are underway by Alan Comnes, but wanted to give you a flavor for how underwater the DWR contracts are (if marked to market today). Jim's got it , too. Based on recent curves, $21B of the DWR contracts are stranded. Will give you the update once it's done (likely tomorrow). Best, Jeff