Message-ID: <5408945.1075858643543.JavaMail.evans@thyme>
Date: Tue, 18 Sep 2001 14:45:09 -0700 (PDT)
From: k..allen@enron.com
To: john.lavorato@enron.com
Subject: FW: El Paso Capacity
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Allen, Phillip K. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PALLEN>
X-To: Lavorato, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jlavora>
X-cc: 
X-bcc: 
X-Folder: \PALLEN (Non-Privileged)\Allen, Phillip K.\Sent Items
X-Origin: Allen-P
X-FileName: PALLEN (Non-Privileged).pst


John,

The spreadsheet below ("Valuation Summary..") calculates the value Enron would realize if we turned back the capacity or released it at full tolls.  As of 9/17 mids, the 200,000/d leg would generate $16,918,907 if turned back.  There is still a substantial amount of value above variable costs on the books.  For 03-06, variable costs are around $0.15 but the mid-market spread is $0.45.  The PV volume for that term is 22,000 contracts.  

Phillip 
 -----Original Message-----
From: 	Bronstein, Mara  
Sent:	Tuesday, September 18, 2001 12:38 PM
To:	Allen, Phillip K.
Subject:	El Paso Capacity