Message-ID: <12946147.1075857756162.JavaMail.evans@thyme>
Date: Mon, 1 May 2000 10:55:00 -0700 (PDT)
From: john.lavorato@enron.com
To: david.delainey@enron.com, kevin.presto@enron.com, george.mcclellan@enron.com, 
	ted.murphy@enron.com, greg.wolfe@enron.com
Subject: Emmisons Allowances
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X-From: John J Lavorato
X-To: David W Delainey, Kevin M Presto, George McClellan, Ted Murphy, Greg Wolfe
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Emmisions Trading will go from Kevin Presto  (Greg Wolfe) to George McClellan 
under the following  conditions.

1 -  Volumes will not fall.  In fact they will increase.

2 - Wolfe will retain 1 Million of the 3 Million VAR for six months and then 
East Power will have no Emmisions Positions,

3 -  Janel Guerrero (middle marketer) will follow the book to coal.

4 - East Power and Coal will get together and (hopefully) agree on a transfer 
pricing mechanism for existing positions if there are any that Greg is not 
keeping.

Give me a call if there are any issues.