Enron Mail

From:danny.mccarty@enron.com
To:drew.fossum@enron.com
Subject:2002 TW Hedges
Cc:rod.hayslett@enron.com, stanley.horton@enron.com
Bcc:rod.hayslett@enron.com, stanley.horton@enron.com
Date:Thu, 29 Nov 2001 09:09:39 -0800 (PST)

Drew,
The 2002 Transwestern fuel hedges were all done with ENA. Currently those hedges are approximately $17.0m in the money. Our ENA hedges would certainly be rejected by a Trustee in bankruptcy. Since these were affiliate transactions, I would assume that these positions were all layed off to a non-Enron counterparty. Is there a way that we can get assignment of the offsetting counterparty transactions? If not, we could have a big hole for next year.

Dan