Message-ID: <4891411.1075845540927.JavaMail.evans@thyme> Date: Tue, 24 Oct 2000 04:54:00 -0700 (PDT) From: kevin.presto@enron.com To: john.lavorato@enron.com Subject: NE ICAP Cc: mark.davis@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: mark.davis@enron.com X-From: Kevin M Presto X-To: John J Lavorato X-cc: Mark Dana Davis X-bcc: X-Folder: \John_Lavorato_Oct2001\Notes Folders\All documents X-Origin: LAVORATO-J X-FileName: jlavora.nsf We will wear the ICAP position with the following marks that represent the true mid. 2001 2.00 (0.35 lower than yesterday) 2002 1.65 (0.35 lower than yesterday) 2003 1.65 (0.35 lower than yesterday) These new marks result in $9 million of incremental value that will hit Dana's P&L tonight. Based on our discussion earlier, East Power (Dana specifically) is now fully wearing this position and fully assumes all downside and upside associated with the position.