Message-ID: <9056390.1075860559174.JavaMail.evans@thyme>
Date: Mon, 6 Nov 2000 03:55:00 -0800 (PST)
From: mark.taylor@enron.com
To: richard.sanders@enron.com
Subject: Correction to PG&E Spread Trade
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It looks to me like another case of an obvious error (i.e. the counterparty 
should have known it was a mistake).  I'm afraid we've just been lucky that 
the numbers have been so far off - some day we're going to have one that is 
too close to call obvious.
----- Forwarded by Mark Taylor/HOU/ECT on 11/06/2000 11:54 AM -----

	Torrey Moorer
	11/06/2000 11:38 AM
		 
		 To: Mark Taylor/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
		 cc: 
		 Subject: Correction to PG&E Spread Trade

I've reviewed the PG&E trade in question again and the spread value is 
actually $4.62, rather than $9. Given the fact that a typical spread trade 
for Nat Gas is aroung 5 or 6 cents, I know that this correction is not much 
of a consolation, but I wanted to clarify the pricing nonetheless.

Deal Number Q75763.1, .2
Leg 1 = 9.38
Leg 2 = 4.76

Spread valueon trade = 4.62

Torrey