Enron Mail

From: tim.belden@enron.com To: greg.whalley@enron.com, john.lavorato/corp/enron@enron.com Subject: Collateral with CalPX Cc: liz.taylor@enron.com Bcc: liz.taylor@enron.com Date: Tue, 23 Jan 2001 04:42:00 -0800 (PST) George Sladoje 626-537-3136 Tim Belden 503-464-3820 (w) 503-701-5181 &copy; CORE MARKET Current PX Security Requirement for the Core (Day Ahead and Day Of) Market <29,636,831<* EPMI Core Market Collateral 18,570,788 Margin Shifted from CTS (Block Forward) Market 11,500,000 Core Market Excess 433,957 BLOCK FORWARD MARKET Current PX Security Requirement for the CTS Block Forward Market <78,466,904<* EPMI Block Forward Market Collateral 128,790,000 Margin Shifted to Core Market <11,500,000< Block Forward Market Excess 38,823,096 TOTAL EXCESS 39,257,053 * Indicates the value comes from the PX web site The CFO of the PX has called for a freeze on all collateral. We don't know what tariff provision allows them to do this. I am working with attorneys to figure out what we can do to compel them to release our collateral. Good luck.