---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001 
10:11 AM ---------------------------


Tanya Tamarchenko
03/29/2001 01:49 PM
To: Frank Hayden/Corp/Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Jaesoo Lew/NA/Enron@ENRON, Jason 
Sokolov/HOU/ECT@ECT, Rakesh Bharati/NA/Enron@Enron, Rabi De/NA/Enron@ENRON 
Subject: Re: implementing clustering and jumps for power  

Frank,
our VAR team has been looking at different ways to implement clustering and 
jumps for power prices simulation
in VAR.
I attached the suggestion we came up with and the results of clustering and 
jump parameters estimation.
Would you like to discuss this methodology? We need your input.

Please, let me know,

Thank you,

Tanya.