Enron Mail

From:port@enron.com
To:john.lavorato@enron.com
Subject:FW: PRELIMINARY 5-15 Gas Trading VaR.doc
Cc:
Bcc:
Date:Wed, 16 May 2001 11:58:18 -0700 (PDT)

For the sake of the optics of this I take it you have instructed the desk to take some of the heat out of the position ?

-----Original Message-----
From: Thibodeaux, Kenneth
Sent: Wednesday, May 16, 2001 12:27 PM
To: Buy, Rick; Kitchen, Louise; Murphy, Ted; Port, David; Schultz, Cassandra
Cc: Abel, Chris; Wilson, Shona
Subject: PRELIMINARY 5-15 Gas Trading VaR.doc

Please note the attached PRELIMINARY Gas Trading VaR violation. The VaR violation is ($94.43 million) versus a limit of ($85 million).