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Archive · Apr 9, 2001, 4:49 PM

SanJuan/SoCal spread prices

FromPhillip K Allen
ToMark Taylor
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/09/2001

04:48 PM ---------------------------

Jed Hershey <jhershey@sempratrading.com> on 04/09/2001 02:29:39 PM

To: "'pallen@enron.com'" <pallen@enron.com>

cc: 

Subject: SanJuan/SoCal spread prices

The following are the prices you requested.  Unfortunately we are unwilling

to transact at these levels due to the current market volatility, but you

can consider these accurate market prices:

May01-Oct01 Socal/Juan offer:  8.70 usd/mmbtu

Apr02-Oct02 Socal/Juan offer:  3.53 usd/mmbtu

Our present value mark to market calculations for these trades are as

follows:

May01-Oct01 30,000/day @ 0.5975 =  $44,165,200

Apr02-Oct02 @  0.60 =  $5,920,980

Apr02-Oct02 @  0.745 =  $5,637,469

Apr02-Oct02 @  0.55 =  $3,006,092

If you have any other questions call: (203) 355-5059

Jed Hershey

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