I canceled this meeting , I will look at the info and get back to you

 -----Original Message-----
From: 	ann.s.chen@accenture.com@ENRON  
Sent:	Thursday, November 08, 2001 8:44 AM
To:	Quigley, Dutch
Subject:	RE: Questions regarding storage


Hi Dutch --
Yes, we can discuss this at the 2:30 meeting.

Talk to you then!
Ann



            Dutch.Quigley@enron.c
            om                           To:     Ann S. Chen/Internal/Accenture@Accenture
                                         cc:
            11/07/2001 03:45 PM          Subject:     RE: Questions regarding storage






Anne

Can we discuss this tomorrow when I meet from 2:30 to 4:30

dq
    -----Original Message-----
   From:   ann.s.chen@accenture.com@ENRON
   Sent:   Wednesday, November 07, 2001 3:30 PM
   To:     Quigley, Dutch
   Subject:  Questions regarding storage

   Hi there Dutch!

   How are you? Hope you're doing well.

   We having been working on a storage problem that Philip as given us the
   framework for.  In working out the details, we've come across a few
   questions that we know you can help us answer. I've included Philip's
   description of this problem in the word doc below, just for reference.

   1) In Philip's document, he lists discount factors over the months.  We
   understand that since the users are making storage decisions and hedging
   future months, they need to take time value of money into account.  What
   is
   actually being discounted? Is it NYMEX? Is it prices of the instruments?
   How does that factor into user's storage decisions?

   2) In our problem, we ask the user to fill out a storage schedule and
   then
   select instruments to hedge positions created by the storage.  In our
   other
   scenarios we have initial and natural position split out into the Enron
   risk buckets (Price, Index, Basis, GD) and have users choose the
   appropriate hedging instruments based on the risk areas the instruments
   cover.  In this storage scenario, the only positions created are by
   storage
   decisions.  What risk bucket would storage create a position in? My
   thoughts are that if the only positions created are by storage, then
   would
   the user really need only 1 type of instrument to hedge their risks?

   Thanks in advance for your help, Dutch!

   Ann

   (See attached file: Storage Problem.doc)


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    - Storage Problem.doc << File: Storage Problem.doc >>



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