Message-ID: <12437998.1075845070596.JavaMail.evans@thyme> Date: Fri, 4 May 2001 12:59:45 -0700 (PDT) From: beth.apollo@enron.com To: sally.beck@enron.com Subject: FW: UK Power Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Apollo, Beth X-To: Beck, Sally X-cc: X-bcc: X-Folder: \Beck, Sally\Beck, Sally\Deleted Items X-Origin: BECK-S X-FileName: Beck, Sally.pst Just FYI -- London is under pressure to comply with the use of RisktRAC for their VAR info (not been done in the past) due to their recent limit increase from the board. We are trying to stay out of it, but just FYI in case you hear any noise. RAC is not thrilled about the delay B -----Original Message----- From: New, James Sent: Thursday, May 03, 2001 11:15 AM To: Murphy, Ted; Lewis, Richard; Sherriff, John Cc: Jordan, Mike; Dyson, Fernley; Wilson, Shona; Apollo, Beth Subject: Re: UK Power Ted, Got your message and thanks for the understanding. I can confirm that I understand that if we do not get RiskTrac in on the 10th we will have to revert to the old limits, however we are still on track. James James New 02/05/2001 16:46 To: Ted Murphy/LON/ECT@ECT cc: Richard Lewis/LON/ECT@ECT, John Sherriff/LON/ECT@ECT Subject: UK Power Ted, I believe you are aware that we are working to the 10th of May to start to use RiskTrac for UK Power VAR purposes (if you are not then you know now !). Are you cutting us some slack to use these limits between now and then or do we need to report violations if we are over our 'old' limits between now and then ? Thanks James ---------------------- Forwarded by James New/LON/ECT on 02/05/2001 16:47 --------------------------- From: Cassandra Schultz/ENRON@enronXgate on 02/05/2001 10:02 CDT To: James New/LON/ECT@ECT cc: David Port/ENRON@enronXgate Subject: UK Power James - Rick Buy's expectations after talking to Sherriff and supporting the new higher trading limits for UK Power are that UK Power's VaR will be calculated using the corporate approved VaR engine - ie., RisktRAC. My understanding was this would be done by the May BOD meeting which was yesterday, so maybe it's already happened. Would you please let me know the status? Thanks, Cassandra.