RE: Pira

agreed- thks- i recall a few mths ago when this was being discussed by the west desk - they thought it would not be surprising but no confirmation of the rumours.....

-----Original Message-----
From: Arnold, John
Sent: Wednesday, October 17, 2001 7:44 AM
To: Zivic, Robyn
Subject: RE: Pira

it's the one thing that could really hit the market. There are a lot of gas hedges on against those trades. If they are torn up, a lot of gas in the back gets sold off hard. Plus, The dynegys of the world lose $1 on their hedges.

-----Original Message-----
From: Zivic, Robyn
Sent: Wednesday, October 17, 2001 6:42 AM
To: Arnold, John
Subject: RE: Pira

beliefs

-----Original Message-----
From: Arnold, John
Sent: Thursday, October 11, 2001 7:44 PM
To: Zivic, Robyn
Subject: RE: Pira

any substance to their argument or just their beliefs.

-----Original Message-----
From: Zivic, Robyn
Sent: Thursday, October 11, 2001 10:27 AM
To: Arnold, John
Subject: Pira

Thinks pwr suppliers in Calif shud be worried abt getting paid the long term contracts rates
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