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Enron Mail |
Michael, I want you to have one initial comment. Joe Cialone talked with
outside counsel for NPW who made the point that they did not understand why Enron needed collateral because NPW was hedged. While that comment is is not logical, the information on the hedges causes me to ask why Manley is so concerned with price movement if indeed NPW has its positions hedged. Do we have information on NPW's book? David
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