very funny today...during the free fall, couldn't price jv and xh low enough 
on eol, just kept getting cracked.  when we stabilized, customers came in to 
buy and couldnt price it high enough.  winter versus apr went from +23 cents 
when we were at the bottom to +27 when april rallied at the end even though 
it should have tightened theoretically.  however, april is being supported 
just off the strip.  getting word a lot of utilities are going in front of 
the puc trying to get approval for hedging programs this year.  




slafontaine@globalp.com on 03/13/2001 11:07:13 AM
To: jarnold@enron.com
cc:  
Subject: utilites?



hey johnny. hope all is well. what u think hrere? utuilites buying this break
down? charts look awful but 4.86 ish is next big level.
jut back from skiing in co, fun but took 17 hrs to get home and a 1.5 days to
get there cuz of twa and weather.