RE: FW: May position : sold !!!!!

Wow.

-----Original Message-----
From: Lavorato, John
Sent: Wednesday, June 06, 2001 4:42 PM
To: Presto, Kevin M.
Subject: FW: FW: May position : sold !!!!!

I thought you would find this funny.

-----Original Message-----
From: Whalley, Greg
Sent: Wednesday, June 06, 2001 5:51 AM
To: Lavorato, John
Subject: Re: FW: May position : sold !!!!!

by this ratio the rest ot the power group is really underperforming!!!!

From: John J Lavorato/ENRON@enronXgate on 06/05/2001 10:22 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: FW: May position : sold !!!!!

This 250K came from about 3 MW.
-----Original Message-----
From: Collonges, Remi
Sent: Monday, June 04, 2001 4:03 PM
To: Kishkill, Joe; Gonzalez, Orlando; Lavorato, John
Subject: Re: May position : sold !!!!!

We tried all day to sell this volume below. Market is extremely illiquid, given Annex V uncertainty and other regulatory issues: generators believe Parente will help them out in May, while LDCs look at their contracts and reduced demand. However AES Sul accepted to buy this volume at 25% discount to May spot price, payment on June 25th. We will net about R$600,000 (US$250,000) between sale and purchase prices. Credit is OK.

We will keep a very small, long position at MAE settlement for May.

Remi

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Luis Berti
06/04/2001 05:39 PM
To: Remi Collonges/SA/Enron@Enron, David M Rosenberg/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Ricardo Sassatani/SA/Enron@Enron, Luis Henriques/SA/Enron@Enron, Moacyr Carmo/SA/Enron@Enron
cc:
Subject: May position : sold !!!!!

This is to inform that we have closed 2.200 MWh for May to AES Sul at 25% discount rate against spot price at southeast sub-market to be paid on Jun 25th.

Berti