Message-ID: <10446761.1075852833928.JavaMail.evans@thyme>
Date: Mon, 8 Oct 2001 09:45:43 -0700 (PDT)
From: m..presto@enron.com
To: edward.sacks@enron.com, trey.hardy@enron.com, casey.evans@enron.com, 
	w..white@enron.com, wayne.vinson@enron.com, j..sturm@enron.com
Subject: RE: PG&E Energy Trading - Power, L.P.
Cc: s..bradford@enron.com, tracy.ngo@enron.com, rick.buy@enron.com, 
	tanya.rohauer@enron.com, monica.reasoner@enron.com, 
	kortney.brown@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: s..bradford@enron.com, tracy.ngo@enron.com, rick.buy@enron.com, 
	tanya.rohauer@enron.com, monica.reasoner@enron.com, 
	kortney.brown@enron.com
X-From: Presto, Kevin M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KPRESTO>
X-To: Sacks, Edward </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Esacks>, Hardy, Trey </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Thardy>, Evans, Casey </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cevans>, White, Stacey W. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Swhite>, Vinson, Donald Wayne </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dvinson>, Sturm, Fletcher J. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Fsturm>
X-cc: Bradford, William S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Wbradfo>, Ngo, Tracy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tngo>, Buy, Rick </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rbuy>, Rohauer, Tanya </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Trohaue>, Reasoner, Monica </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mreason>, Brown, Kortney </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Kbrown>
X-bcc: 
X-Folder: \KPRESTO (Non-Privileged)\Sent Items
X-Origin: Presto-K
X-FileName: KPRESTO (Non-Privileged).pst

There should be no credit on a TVA/Cin spread.   The correlation between the 2 markets is 95% plus.

 -----Original Message-----
From: 	Sacks, Edward  
Sent:	Monday, October 08, 2001 9:23 AM
To:	Hardy, Trey; Evans, Casey; Presto, Kevin M.; White, Stacey W.; Vinson, Donald Wayne; Sturm, Fletcher J.
Cc:	Bradford, William S.; Ngo, Tracy; Buy, Rick; Rohauer, Tanya; Reasoner, Monica; Brown, Kortney
Subject:	PG&E Energy Trading - Power, L.P.

Please note the following addition to the domestic credit reserve for October 2001:

CP:  PG&E Energy Trading - Power, L.P.
Deal No: 806688 & 806689
EOL No: 1972890 & 1972891
Deal Date:  10/5/2001
Deal Specifics:  Sale / Buy (Basis)
Term:  1/1/2005 thru 12/31/2005
Volume:  50 MW/h Peak
Delivery Points:  Cinergy / Into TVA
Trader:  Fletch Sturm
Credit Reserve Amount:  $8,000 (eight thousand US dollars)


CP:  PG&E Energy Trading - Power, L.P.
Deal No: 806685 & 806686
EOL No: 1972884 & 1972885
Deal Date:  10/5/2001
Deal Specifics:  Sale / Buy (Basis)
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MW/h Peak
Delivery Points:  Cinergy / Into TVA
Trader:  Fletch Sturm
Credit Reserve Amount:  $8,000 (eight thousand US dollars)


Comments or questions, please reply.

Ed Sacks