fyi.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000 
12:23 PM ---------------------------
   
	
	
	From:  Kevin McGowan @ ENRON                           11/06/2000 03:19 PM
	

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:  
Subject: SO2 position and curve

Jeff,

Our inventory (physical position) is aprox 494,000 credits long which at 
roughly $125/credit value for the strip (2000-2010) would have an asset value 
of $62 million.  Give me a call for an explanation of our position report 
below.

KJM
---------------------- Forwarded by Kevin McGowan/Corp/Enron on 11/06/2000 
03:09 PM ---------------------------
   
	
	
	From:  Adam Siegel                           11/06/2000 01:08 PM
	

To: Kevin McGowan/Corp/Enron@ENRON
cc:  

Subject: SO2 position and curve