Message-ID: <28012869.1075845300787.JavaMail.evans@thyme>
Date: Fri, 4 May 2001 09:17:52 -0700 (PDT)
From: cary.carrabine@enron.com
To: laura.luce@enron.com, s..shively@enron.com, gregg.penman@enron.com, 
	kelli.stevens@enron.com
Subject: CILCO
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A gas/power deal was closed with CILCO on May 1st.
This deal was  worked as a gas/power origination combo with Ed Baughman in Power.
The deal structure is as follows:

ENA buys a daily gas put @ a $4.00 strike - Jan '02 thru Dec '02  -  NGPL Midcont  10,000/day (physical)

ENA sells power to CILCO into Illinois Power  -  Sep '01 thru May '02  -  20 MW ; 5 X 16  @  $26.00

Total value created  	$479,000

			($250,000)  Risk premium held in reserve for IP delivery

			$229,660   Origination - Split 50/50 between Gas & Power ($114,830 each)

Please let me know if you have any questions.

Cary