The positions went over limits due to the sale of HPL and subsequent unwind 
of hedges associated with the transaction.   Attempts are being made to 
unwind those positions currently




Kenneth Thibodeaux@ENRON
12/28/2000 09:43 AM
To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Frank 
Hayden/Corp/Enron@Enron
cc:  
Subject: 12/26 and 12/27 Maturity Gap Risk Limit Violation


The PRELIMINARY DPR indicates a Maturity Gap Risk violation for Gas Trading 
as follows:

 12/26 Maturity/Gap Risk:  202 Bcf
 12/27 Maturity/Gap Risk:  205 Bcf
 Maturity Gap Risk Limit:    200 Bcf

Please provide an explanation for the memos.  If you have any questions, 
please call me at 5-4541.

Thank you,

Johnny Thibodeaux