Message-ID: <5740053.1075840542786.JavaMail.evans@thyme> Date: Tue, 21 Aug 2001 08:44:55 -0700 (PDT) From: danielle.jaussaud@puc.state.tx.us To: doug.gilbert-smith@enron.com Subject: One more question Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Jaussaud, Danielle" @ENRON X-To: Gilbert-smith, Doug X-cc: X-bcc: X-Folder: \ExMerge - Gilbert-smith, Doug\ERCOT\PUC X-Origin: GILBERTSMITH-D X-FileName: doug gilbert smith 6-25-02.PST Doug: Thank you for meeting with us on Friday, that was a very informative meeting. We really appreciate that you took the time to come to the Commission and meet with us. I hope you will be able to send me the code to access Enron Online soon, it will be most useful to me if I can get it before the end of this week. I have one additional question for you: If a REP wanted to hedge against market price risk or volume risk and approached you to get a sense of the cost of hedging these types of risk, what information would you give that person to help him assess the cost of hedging his risk? What are some of the variables, and what are some strategies to mitigate risk while keeping costs at a minimum? I think you mentioned a couple of interesting strategies when we met, if you could go over those, that would greatly help me. Thank you for sharing your knowledge with us and thank you for your time. Cordially, Danielle Jaussaud Director of Economic & Strategic Analysis Market Oversight Division Public Utility Commission of Texas (512) 936-7396 danielle.jaussaud@puc.state.tx.us