Message-ID: <7107077.1075859537313.JavaMail.evans@thyme>
Date: Thu, 26 Oct 2000 01:31:00 -0700 (PDT)
From: janice.moore@enron.com
To: elizabeth.sager@enron.com
Subject: Re: Black Hills Pepperell tolling transaction
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a followup note on this deal from Kevin Presto
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)
----- Forwarded by Janice R Moore/HOU/ECT on 10/26/2000 08:30 AM -----

	Kevin M Presto
	10/26/2000 08:25 AM
		
		 To: John Llodra/Corp/Enron@ENRON
		 cc: Janice R Moore/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Edward 
Sacks/Corp/Enron@Enron, Edward D Baughman/HOU/ECT@ECT, Mark Dana 
Davis/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT
		 Subject: Re: Black Hills Pepperell tolling transaction

John,

We need to make sure we are valuing the spread option using only No. 2 oil in 
Dec, Jan & Feb.  We will almost certainly be curtailed during blow out events 
in the winter and, therefore, it is not appropriate to use nat gas as the 
winter fuel.