PG&E Citygate Basis position for January

Okay, I think the tds tab in newcurrentday was wrong. It is showing a jan
pos of 269.55 lots, but TDS is showing 539.1. False alarm. We will fix
newcurrentday.

Mike
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 11/29/2000 10:19
PM ---------------------------

Mike Grigsby
11/29/2000 10:21 PM
To: Anne Bike/Corp/Enron@Enron, Jennifer Bagwell/NA/Enron@ENRON, Monique
Sanchez/HOU/ECT@ECT
cc:
Subject: PG&E Citygate Basis position for January

The PG&E basis position in TDS does not match the FEB/MAR position. The Baja
spread was executed as a NOV-MAR position months ago. The only real changes
were to Socal basis over time. There is no telling when this might have
changed in error. Will you please research the position to see when this
position was reduced. I am guessing that a park and loan was executed by
Frank Ermis at some point and the basis risk was allocated to GD New by
mistake.

Thanks,
Mike