Message-ID: <31641979.1075861817273.JavaMail.evans@thyme> Date: Thu, 1 Nov 2001 12:11:57 -0800 (PST) From: aavalos@pnm.com To: houston <.ward@enron.com> Subject: RE: Q3 Call Option Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Avalos, Art" @ENRON X-To: Ward, Kim S (Houston) X-cc: X-bcc: X-Folder: \KWARD (Non-Privileged)\Ward, Kim S (Houston)\Inbox X-Origin: Ward-K X-FileName: KWARD (Non-Privileged).pst Hi Kim, How are you doing? About the comments on the Enfolio, I spoke with Dave Fuller yesterday, he said to e-mail him our comments. I will do so and I will also cc: you on them. As far as the market, we are getting ready to become a end user on the EPNG system. So sometime in June 2002 will be doing business. If you have some time this month or the next, please feel free to visit to go over our plans. Thanks for all of your help. Art Avalos -----Original Message----- From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com ] Sent: Thursday, November 01, 2001 10:32 AM To: AAVALOS@pnm.com Subject: RE: Q3 Call Option Art, Just wondering about your comments to our Enfolio. Thanks, Kim p.s. What is going on in the market with you guys these days? -----Original Message----- From: "Avalos, Art" @ENRON Sent: Tuesday, October 30, 2001 9:42 AM To: Ward, Kim S (Houston) Subject: RE: Q3 Call Option Thanks for the info. and I will be sending you PNM's comments via e-mail. Thanks again, Art Avalos -----Original Message----- From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com << File: mailto:Kim.Ward@enron.com >> ] Sent: Tuesday, October 30, 2001 7:54 AM To: AAVALOS@pnm.com Subject: RE: Q3 Call Option Art, An at the money Daily call option (against first of the month index) for gas at San Juan is $.24 for Q3 next year. At the money monthly call options would be $.58 with a strike of $3.10. A fixed price daily call option would be $.60 with a strike of $3.10. Let me know if you have any questions. Thanks, Kim -----Original Message----- From: "Avalos, Art" @ENRON Sent: Monday, October 29, 2001 3:13 PM To: Ward, Kim S (Houston) Subject: Q3 Call Option Hi Kim, hope you're doing well. Just received comments from our Lawyers for your Master Enfolio. Should I be speaking with you or someone else? Also, could you give me a quote of what a daily call for Q3 will be at the money for 5,000 mmBtu/day. Thanks, I really appreciate it. Art Avalos ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************