|
|
Enron Mail |
Please Note:
We have changed the correlation of the Transwestern's hedges to the same index(El Paso Permian) that the derivatives were transacted. We feel it is appropriate to make this correlation change due to management's anticipation to make the 2001 sales at an El Paso Permian index. Due to this change TW has a perfect correlation, therefore the associated Value at Risk will be zero.
|