Message-ID: <17118615.1075857676565.JavaMail.evans@thyme> Date: Wed, 6 Jun 2001 03:51:14 -0700 (PDT) From: whalley@enron.com To: john.lavorato@enron.com Subject: Re: FW: May position : sold !!!!! Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Whalley, Greg X-To: Lavorato, John X-cc: X-bcc: X-Folder: \jlavora\Deleted Items X-Origin: Lavorado-J X-FileName: jlavora.pst by this ratio the rest ot the power group is really underperforming!!!! From: John J Lavorato/ENRON@enronXgate on 06/05/2001 10:22 AM To: Greg Whalley/HOU/ECT@ECT cc: Subject: FW: May position : sold !!!!! This 250K came from about 3 MW. -----Original Message----- From: Collonges, Remi Sent: Monday, June 04, 2001 4:03 PM To: Kishkill, Joe; Gonzalez, Orlando; Lavorato, John Subject: Re: May position : sold !!!!! We tried all day to sell this volume below. Market is extremely illiquid, given Annex V uncertainty and other regulatory issues: generators believe Parente will help them out in May, while LDCs look at their contracts and reduced demand. However AES Sul accepted to buy this volume at 25% discount to May spot price, payment on June 25th. We will net about R$600,000 (US$250,000) between sale and purchase prices. Credit is OK. We will keep a very small, long position at MAE settlement for May. Remi Luis Berti 06/04/2001 05:39 PM To: Remi Collonges/SA/Enron@Enron, David M Rosenberg/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Ricardo Sassatani/SA/Enron@Enron, Luis Henriques/SA/Enron@Enron, Moacyr Carmo/SA/Enron@Enron cc: Subject: May position : sold !!!!! This is to inform that we have closed 2.200 MWh for May to AES Sul at 25% discount rate against spot price at southeast sub-market to be paid on Jun 25th. Berti