Is this value on these deals rought 8K?
If so, tell portfolio acct to put them in and generate a PMA for the gas books.  It is not worth investigating for such a small number and the deal ended 12/01.  Are these the only four deals you have with the gas desk?  
PL


 -----Original Message-----
From: 	Ayala, Susie  
Sent:	Thursday, January 10, 2002 4:29 PM
To:	Love, Phillip M.
Subject:	RE: CGAS Basis


This is CGAS Price as of 12/31/01. Merchant Portfolio hedged this position thru the gas desk - then the gas desk hedged with third party.

									
							Totals	$0	
			Monthly	PV	Discount	Mid	Fixed	Mid	
Deal Num	Pub Code	Period	Quantity	Quantity	Factor	Price	Price	Value	
ER6792.1	NX3	01-Dec-01	-75,255	0	100.00%	2.539	2.195	$0	
NE6410.1	NX3	01-Dec-01	75,255	0	100.00%	2.539	2.943	$0	


 -----Original Message-----
From: 	Love, Phillip M.  
Sent:	Thursday, January  10, 2002 4:26 PM
To:	Ayala, Susie
Subject:	RE: CGAS Basis

Per John Lavorato, we killed all desk to desk deals on Dec. 13th.  That is why this deal was killed.  You mentioned that you had price deals that were not killed.  Can you give me deal numbers for those as well and we can take a peak and see why they were not killed.  It is our understanding that all desk to desk(book to book) should be killed because no cash actually changes hands.  Should this deal have been with an external counterparty?
PL


 -----Original Message-----
From: 	Ayala, Susie  
Sent:	Thursday, January 10, 2002 4:19 PM
To:	Love, Phillip M.
Subject:	CGAS Basis

Phillip,

Below is the information for the CGAS book that was killed on 12/13/01.  This book should have liquidated in December.  Can we get this deal back?

Thanks,

Susie
x30524



									
							Totals	$7,714	
			Monthly	PV	Discount	Mid	Fixed	Mid	
Deal Num	Pub Code	Period	Quantity	Quantity	Factor	Price	Price	Value	
ER6451.1	IF-CGT/APPALAC	01-Dec-01	-75,255	-75,255	100.00%	-0.119	0.313	$32,497	
ER6451.2	IF-CGT/APPALAC	01-Dec-01	75,255	75,255	100.00%	-0.119	0.210	-$24,784