Message-ID: <13962145.1075861702375.JavaMail.evans@thyme> Date: Thu, 15 Nov 2001 10:03:29 -0800 (PST) From: doug.gilbert-smith@enron.com To: john.lavorato@enron.com Subject: Schedule C Cc: w..white@enron.com, m..presto@enron.com, andrea.dahlke@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: w..white@enron.com, m..presto@enron.com, andrea.dahlke@enron.com X-From: Gilbert-smith, Doug X-To: Lavorato, John X-cc: White, Stacey W. , Presto, Kevin M. , Dahlke, Andrea X-bcc: X-Folder: \JLAVORA (Non-Privileged)\Lavorato, John\Deleted Items X-Origin: Lavorato-J X-FileName: JLAVORA (Non-Privileged).pst John, In reviewing the remaining schedule C, I feel comfortable releasing the Green Mountain reserve of $2.09 MM. It was held back as we waited for the development of an hourly market and an ancillary market. I feel that the inherent risk associated with the ancillaries can be captured in the curves now that we have seen a market for 3 months. The scalar risk can be reflected in the hourly scalars. As for the QSE default exposure, I am willing to absorb it in my book. Please let me know if you have any questions, Doug