yes

 -----Original Message-----
From: 	Port, David  
Sent:	Wednesday, May 16, 2001 1:58 PM
To:	Lavorato, John
Subject:	FW: PRELIMINARY 5-15 Gas Trading VaR.doc

For the sake of the optics of this I take it you have instructed the desk to take some of the heat out of the position ?

 -----Original Message-----
From: 	Thibodeaux, Kenneth  
Sent:	Wednesday, May 16, 2001 12:27 PM
To:	Buy, Rick; Kitchen, Louise; Murphy, Ted; Port, David; Schultz, Cassandra
Cc:	Abel, Chris; Wilson, Shona
Subject:	PRELIMINARY 5-15 Gas Trading VaR.doc

Please note the attached PRELIMINARY Gas Trading VaR violation.  The VaR violation is ($94.43 million) versus a limit of ($85 million).


 << File: 5-15 Gas Trading VaR.doc >>