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Enron Mail |
Bill,
I didn't enter the annuity for the Aquilla deal as I have a couple more questions on the matter. I'd like to detail the deal in case you have any questions. Sold 50mw to PWRX @ $60 HE 15-18 (SP15) Covered with EES length and Wheel-Martel length to leave net short position of 42, 38, 35 and 32 respectively As the deal clearly turned sour and lowest offer in the 70's, I opted to take the short to the imbalance and hedge the price risk HE 15 bought 42mw from Aquilla at a fixed price of $55 and sold 42mw vs the "expost settlement price" HE 16 bought 38mw from Aquilla at a fixed price of $55 and sold 38mw vs the "expost settlement price" I found a decent offer for HE 17 & 18 ($63 Reliant) so I didn't hedge Expost settled just above $90 for both hours and Jason will be in on Monday to confirm these prices with me *I spoke with Coral about financial deals as well but Travis didn't seem to understand which side of the deal he was on as he lowered his fixed offer as a counter. I'll be in Monday to enter the annuity and confirm the price Craig
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