Spread Value Calc.

From: gerald.nemec@enron.com

To: steve.hooser@enron.com, peter.meier@neg.pge.com

Subject: Spread Value Calc.

Cc: barry.tycholiz@enron.com

Bcc: barry.tycholiz@enron.com

Date: Thu, 12 Apr 2001 20:43:00 -0700 (PDT)

Attached is a draft of the mark to market language per your discussion with Barry. Please review and contact Barry directly to discuss.

Barry's numbers
(713) 667-9956 Home
(713) 302-6442 Cell