Subject: Fw: Spread Value Calc.
From: [email-masked]
To: [email-masked], [email-masked]
Cc: [email-masked]
Date: Fri, 13 Apr 2001 06:40:00 -0700 (PDT)

I wanted to be sure you had this information.

Steve
----- Original Message -----
From: <[email-masked]>
To: <[email-masked]>
Sent: Friday, April 13, 2001 11:40 AM
Subject: RE: Spread Value Calc.

> Steve,  Just talked with Barry.  He said based on last night's curve, the
> valuation formula would result in a value of $250 mil.  A detailed calc
for
> this value will have to wait til Monday.
>
>
> ----- Forwarded by Gerald Nemec/HOU/ECT on 04/13/2001 11:37 AM -----
>
>                     "Meier, Peter"
>                     <peter.meier@ne        To:
"[email-masked]'" <[email-masked]>,
>                     g.pge.com>             [email-masked],
"Meier, Peter" <[email-masked]>,
>                                            "[email-masked]'"
<[email-masked]>
>                     04/13/2001             cc:
[email-masked], "[email-masked]'"
>                     01:33 AM               <[email-masked]>,
"[email-masked]'"
>                                            <[email-masked]>,
"Barron, Bob" <[email-masked]>,
>                                            "Sarti, Daniel"
<[email-masked]>, "Jones, Susan"
>                                            <[email-masked]>
>                                            Subject:     RE: Spread Value
Calc.
>
>
>
>
>
> We will review this in the morning.  In the meantime, it would be
extremely
> helpful to know what the practical effect of your calculation would be.
In
> other words, using this method, what is the valuation of each of the
> packages as of today?  Please e-mail your calculation to each of us on the
> PG&E team.  Thanks, Peter
>
> -----Original Message-----
> From: [email-masked] [mailto:[email-masked]]
> Sent: Thursday, April 12, 2001 6:44 PM
> To: [email-masked]; [email-masked]
> Cc: [email-masked]
> Subject: Spread Value Calc.
>
>
> Attached is a draft of the mark to market language per your discussion
with
> Barry.  Please review and contact Barry directly to discuss.
>
> Barry's numbers
> (713) 667-9956 Home
> (713) 302-6442 Cell
>
> (See attached file: PGESpreadvaluationdefinition.doc)
>
>
> PG&E National Energy Group and any other
> company referenced herein that uses the PG&E name or
> logo are not the same company as Pacific Gas and
> Electric Company, the regulated California utility.  Neither
> PG&E National Energy Group nor these other
> referenced companies are regulated by the California Public
> Utilities Commission.  Customers of Pacific Gas and Electric Company
> do not have to buy products from these companies in order
> to continue to receive quality regulated services from the utility.
>
>