Mark:

Per my voice mail.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 06/07/2001 05:15 PM -----

	Eric Boyt/ENRON@enronXgate
	06/07/2001 04:32 PM
		 
		 To: Neal Gerstandt/ENRON@enronXgate
		 cc: Eric Moon/ENRON@enronXgate, Jeffrey T Hodge/HOU/ECT@ECT
		 Subject: Confidential & Proprietaty - Udated PanNat Value


	


As requested...


Value of Deal (based on 6/5/01 curves - July 2001 out)  $156,243,990
Estimated "Unwind" costs     $  35,000,000

Total Est. Exposure to Duke's #1 Position   $191,243,990


Exposure to Duke's #2 Position (No Transport)   $  56,483,885


Let either of us know if you have any additional questions.

Regards,

Eric