---------------------- Forwarded by Jason Williams/HOU/ECT on 02/06/2001 
07:28 AM ---------------------------
   
	
	
	From:  Kim Ward                           02/05/2001 05:26 PM
	

To: Jason Williams/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron
cc:  
Subject: SMUD

Guys,

I am showing SMUD prices for 2, 3 and 5 year financial swaps at Malin for 
15,000 MMBtu.  Prices look like - 2 yr=$7.60, 3 yr=$6.60, and 5 yr. 5.76.  
Let me know if you have any questions. 

Thanks,

Kim
x30685

ps.  This will fall under the current swap agreement with any applicable 
credit language attached.