I think that you are absolutely correct in the assessment of the quantity 
description, but this is the language that we use in all the Physical 
Products and I would prefer not to change it - for the same reason that we 
are making the Index and Loadshape language 'match' both Physical and 
Financial Products, I don't want to change something that's already being 
used extensively in the Physical Products. 

However, Mark Taylor and I do suggest that we clarify how the Notional 
Quantity is derived - which I think helps solve the issue; please see the 
attached mark-up.



Sara - please call me ASAP on this.

Dale





Leslie Hansen
06/07/2000 11:26 AM
To: Dale Neuner/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, John D 
Suarez/HOU/ECT@ECT
cc: Eric Saibi/Corp/Enron@ENRON, Mark Taylor/HOU/ECT@ECT 
Subject: Re: US East Power Financial Swap - ISO NE HE 11-23  

Attached please find my revisions to the power financial swap product.  
Please review and let me know if you have any questions or comments.  A 
number of the changes I made are necessary to ensure that the product 
components for the swap are compatible with the physical index product 
components, e.g, the description of the index.

Regards,

Leslie






	Dale Neuner
	06/02/2000 01:47 PM
		 
		 To: Mark Taylor/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Eric 
Saibi/Corp/Enron@ENRON
		 cc: 
		 Subject: US East Power Financial Swap - ISO NE HE 11-23

Eric, please get the attached in front of John Suarez and have him offer 
comments/approval. In particular, ensure that 

(i) the Product descritpion for the website is adequate (keep in mind I only 
have 15 characters to work with)
(ii) the reference to the index is correct
(iii) the product will be priced on each day during the week, including NERC 
holidays.

Leslie and Mark; once I get comments from commercial I'd like to have each of 
you offer review and offer comments on this Product - final approval to come 
from Mark.

Dale
3-9746