RE: PG Book

This is taking more research than we thought. I am getting some post ID's unarchived and pulling max exposure detail out of archives. So, we may not have a resolution until next close. I will let you know.

-----Original Message-----
From: McLaughlin Jr., Errol
Sent: Tuesday, October 30, 2001 10:37 AM
To: McPearson, Shannon
Subject: RE: PG Book

This looks like the macro problem we talked about. Let me know what I need to do to fix.

Thanks,

Errol, X5-8274

-----Original Message-----
From: McPearson, Shannon
Sent: Tuesday, October 16, 2001 4:38 PM
To: McLaughlin Jr., Errol
Subject: PG Book

Errol,

Is a Macro problem your final answer on this??

I need an answer on this. If the beginning balances were changed in error, please let me know this so I can determine what I need to do to fix this variance. Again, this change did not affect your P&L.

In the January 2001 PG book DPR, for the EOL Gas Daily Roll, you reduced your beginning Gross Balance for January by $9,066,220 and you increased your beginning Liquidated Balance for January by $9,066,220. So, the EOL Gas Daily Roll stayed flat in total and did not cause a problem P&L wise. However, this amount is falling out on my reconciliation for January. Could you please tell me what deal or deals were liquidated for $9,066,220, which in turn caused a reduction in your MTM?? We are concerned that these may be third party deals that Financial Settlements are not aware of.

Thanks!!

Shannon McPearson
Enron North America
713-853-5944
Shannon.McPearson@enron.com