Enron Mail

From: kevin.presto@enron.com To: john.lavorato@enron.com Subject: NE ICAP Cc: mark.davis@enron.com Bcc: mark.davis@enron.com Date: Tue, 24 Oct 2000 04:54:00 -0700 (PDT) We will wear the ICAP position with the following marks that represent the true mid. 2001 2.00 (0.35 lower than yesterday) 2002 1.65 (0.35 lower than yesterday) 2003 1.65 (0.35 lower than yesterday) These new marks result in $9 million of incremental value that will hit Dana's P&L tonight. Based on our discussion earlier, East Power (Dana specifically) is now fully wearing this position and fully assumes all downside and upside associated with the position.