Enron Mail

From:vetters@enron.com
To:john.lavorato@enron.com, l..miller@enron.com
Subject:FCEL Hedge
Cc:david.gorte@enron.com
Bcc:david.gorte@enron.com
Date:Thu, 24 May 2001 08:20:22 -0700 (PDT)

Gentlemen:

FYI. We are at the present time fully hedged on the 80,290 share long position with an offsetting short position at an average price of approximately $86 per share. By my calculations, the mark for the quarter from March will be approximately $3MM to the positive.

Charlie