Message-ID: <18597357.1075854848812.JavaMail.evans@thyme> Date: Mon, 7 May 2001 16:25:00 -0700 (PDT) From: kevin.presto@enron.com To: john.lavorato@enron.com Subject: Rogers Positions Cc: stacey.white@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: stacey.white@enron.com X-From: Kevin M Presto X-To: John J Lavorato X-cc: Stacey W White X-bcc: X-Folder: \Presto, Kevin M (Non-Privileged)\Presto, Kevin M.\Sent Items X-Origin: Presto-K X-FileName: Presto, Kevin M (Non-Privileged).pst Fletch and I are dividing up Rogers postions (Fletch taking Peak, I'm taking Off-Peak). To make it fair on everyone, I am allowing Rogers to take $4 million from Prudency C attached to JEA. (Rogers has created this positive balance himself over the past 12 months with deals he has done in FL & SOCO). In addition, I will be assuming all customer deals (VEPCO, JEA, Associated, MPMUC). We will mark the curves in Entergy and TVA where Fletch is comfortable taking the position (off-peak also needs to be marked down). The $4 million from prudency will absorb most of the curve shift. All of Rogers postions will stay in Wholesale. All parties come out with a fair solution.