Re: 10 Year Kotka deal

I'm not sure that thor understands dollars flowing with risk. What should we
do with him?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
12:31 PM ---------------------------

Brent A Price
09/29/2000 12:58 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re: 10 Year Kotka deal

fyi - it doesn't sound like the weather piece of the Oslo long-term deals is
going to have much value. We are still trying to get that value from Oslo
and ensure that the weather risk is captured appropriately in EGM risk
books. I will keep you updated.
---------------------- Forwarded by Brent A Price/HOU/ECT on 29/09/2000 12:56
---------------------------

Thor Lien
26/09/2000 23:40
To: Brent A Price/HOU/ECT@ECT
cc:
Subject: Re: 10 Year Kotka deal

Brent

This deal was done as a Power game and when we split it, the main value will
be on the power book, so don't calc on anything substantial on this

Thor

Brent A Price
26/09/2000 20:11
To: Thor Lien/OSL/ECT@ECT
cc:

Subject: Re: 10 Year Kotka deal

Thor - We are going to meet with Jeff Shankman on Thursday to discuss 3rd
Quarter earnings. If we can get an idea by then of the value associated with
the weather piece of the Kotka deal it would be helpful. Call me if you have
any concerns regarding this request. Thanks for your help.

Thor Lien
25/09/2000 23:41
To: D Todd Hall/HOU/ECT@ECT
cc: Bjarne Schieldrop/OSL/ECT@ECT, Brent A Price/HOU/ECT@ECT
Subject: Re: 10 Year Kotka deal

Todd

We haven't finalised the strip out of the remaining weather risk from the
power book, but we will surely send that over as soon as we have done it

Thor

From: D Todd Hall 26/09/2000 01:21

To: Bjarne Schieldrop/OSL/ECT@ECT, Thor Lien/OSL/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT

Subject: 10 Year Kotka deal

Bjarne and Thor,

Thanks for the confirmation and other information that you provided on this
deal. I still need the associated P&L and Weather Risk transferred from the
Nordic Power books to the Weather book.

It is imperative that this be done immediately from a Risk controls
standpoint not to mention the fact that Quarter-end is fast approaching.
Please call or e-mail so as to update me of your progress.

Thanks,
Todd