by this ratio the rest ot the power group is really underperforming!!!!




From: John J Lavorato/ENRON@enronXgate on 06/05/2001 10:22 AM
To: Greg Whalley/HOU/ECT@ECT
cc:  
Subject: FW: May position : sold !!!!!


This 250K came from about 3 MW.
 -----Original Message-----
From:  Collonges, Remi  
Sent: Monday, June 04, 2001 4:03 PM
To: Kishkill, Joe; Gonzalez, Orlando; Lavorato, John
Subject: Re: May position : sold !!!!!

We tried all day to sell this volume below.  Market is extremely illiquid, 
given Annex V uncertainty and other regulatory issues: generators believe 
Parente will help them out in May, while LDCs look at their contracts and 
reduced demand.  However AES Sul accepted to buy this volume at 25% discount 
to May spot price, payment on June 25th.  We will net about R$600,000 
(US$250,000) between sale and purchase prices.  Credit is OK.

We will keep a very small, long position at MAE settlement for May.

Remi





Luis Berti
06/04/2001 05:39 PM
To: Remi Collonges/SA/Enron@Enron, David M Rosenberg/SA/Enron@Enron, Ricardo 
Lisboa/SA/Enron@Enron, Ricardo Sassatani/SA/Enron@Enron, Luis 
Henriques/SA/Enron@Enron, Moacyr Carmo/SA/Enron@Enron
cc:  
Subject: May position : sold !!!!!

This is to inform that we have closed 2.200 MWh for May to AES Sul at 25% 
discount rate against spot price at southeast sub-market to be paid on Jun 
25th.

Berti