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Notification: Concentration Americas Natural Gas Total P&L

Limit: $100 million
DPR report P&L: $119 million

Explanation:  The loss was a result of increased prices on short positions.  Specifically:
-Positions: 
Short positions in U.S. Gas (341 BCF), Canada Power Gas (214 BCF), and Cross Commodity Gas (214 BCF)
- Prices:
NYMEX prices increased $.21 on news of Solomon Smith Barney's revised Winter 01-02 forecast
Cash prices increased $.15-$.30 across all regions of the country