Subject: RE: Garden State Paper
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Fri, 8 Mar 2002 07:43:23 -0800 (PST)

This appears to be an open position since neither party has terminated on the Master Log.

(1)  Any reason why one party cannot terminate?
(2)  Is this a single swap or several?
(3)  I think PWC ought to reveiw our "valuation" (and Bob's curve) since it becomes a matter of public record when the claim is filed in the bankruptcy.  Any valuation ought to be documented.

 -----Original Message-----
From: 	Dicarlo, Louis  
Sent:	Friday, March 08, 2002 9:16 AM
To:	Shackleton, Sara
Cc:	Ruiz, Carlos
Subject:	Garden State Paper

Carlos Ruiz is asking for the value of the ENA/Garden State Paper (GSP) swap to be included as a creditor in the GSP bankruptcy.  GSP is a bankrupt affiliate and the purpose of the valuation is not to settle but merely to show the claim that ENA has against GSP.  Can I provide him a MTM on the position?  

The internal attorney involved is Cheryl Lindeman.

Thanks

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: [email-masked]