10-26-01 Significant West Power P&L

From: nicholas.warner@enron.com

To: chris.abel@enron.com, clara.carrington@enron.com, fran.chang@enron.com,minal.dalia@enron.com, lacrecia.davenport@enron.com, patrick.frnka@enron.com, frank.hayden@enron.com, kimberly.hopley@enron.com, samantha.law@enron.com, john.postlethwaite@enron.

Subject: 10-26-01 Significant West Power P&L

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Date: Fri, 26 Oct 2001 16:38:20 -0700 (PDT)

Please note on 10/24/01 West Power lost approximately $11.0MM (preliminary) from curve shift.

We lost curve shift mostly in NP15 ($-1.8MM) and SP15 ($-5.0MM), and also change in existing deals ($-2.3MM). Please see the attached file for curve shift by delivery point by year.

Please let me know if you have any questions.

Thanks,

Nick Warner
503.464.3957