Thanks.  It is all clear now.
 
Chris

-----Original Message-----
From: Chang, Fran 
Sent: Tuesday, January 29, 2002 5:38 PM
To: Abel, Chris
Cc: White, Stacey W.; Postlethwaite, John
Subject: RE: PWR WEST AND PWR WEST GAS 12/31/01


Chris:
 
The reason for the variaces is that you are adding up the daily P&L for 12/3, 12/4, and 12/31 and trying to reconciile with MTD P&L as of 12/31.  However, please note that we produced the 12/31 P&L (i.e. west pwrdpr1231) treating 12/31 as the only calc/trading day in Dec 01', meaning that you should no longer be looking at 12/3 and 12/4 P&L and counting them as part of the MTD P&L anymore.
 
In short, our dpr for 12/31 should have the same Daily and MTD P&L.  Therefore, the "output" column in the attached spreadsheet is wrong since it's adding up daily P&L for 12/3, 12/4, and 12/31.
 
* I checked the east desk's P&L and believe we all did the same thing, i.e. treating 12/31 as the only trading/calc day in Dec.  You shall observe similar variances in the reconciliation for their dpr for 12/31 as well.
 
Please let me know if you have further questions.
 
Thanks,
 
Fran
503.464.7973
-----Original Message-----
From: Abel, Chris 
Sent: Tuesday, January 29, 2002 2:50 PM
To: Chang, Fran
Subject: RE: PWR WEST AND PWR WEST GAS 12/31/01


 

-----Original Message-----
From: Chang, Fran 
Sent: Tuesday, January 29, 2002 4:48 PM
To: Abel, Chris
Subject: RE: PWR WEST AND PWR WEST GAS 12/31/01


Chris, 
 
I didn't see any attachment.  Would you send it again?
 
Thank you,
Fran
 

-----Original Message-----
From: Abel, Chris 
Sent: Tuesday, January 29, 2002 1:34 PM
To: Postlethwaite, John; Chang, Fran; White, Stacey W.
Subject: PWR WEST AND PWR WEST GAS 12/31/01


I found a couple of discrepancies in the DPR.  Please refer to the attached spreadsheets and let me know where we might be out.
 
Thanks,
  

Chris Abel 
Manager, Risk Controls 
Global Risk Operations 
chris.abel@enron.com <mailto:chris.abel@enron.com> 
713.853.3102