Enron Mail

From: mike.grigsby@enron.com To: frank.hayden@enron.com Subject: Re: FW: 4/9/01 P&L Notification Cc: Bcc: Date: Tue, 10 Apr 2001 02:28:00 -0700 (PDT) That was the main factor. The cash market also had a difficult time trading higher than 14.50. The basis curve was on its way to contango, when it has lived in backwardation for some time. This created resistance on the basis curve. The PG&E announcement pushed it over the edge. Market is back up today on stronger cash and the socal edison announcement. Mike