This is an email
John, Further to the voice message that I left you, I have recalculated the amount of security that would be required if all of the modified direct sales contracts are acknowledged by noon January 4. The calculations are still a bit rough but I thought this spreadsheet would provide you with something to review. I have used a $35 Pool Price in the calculations. Note the additional tabs in the spreadsheet that detail the hourly generation that the Pool has received for SD3 and SD4 . In determining the actual security required, we will need to review the megawatts in the contracts registered in detail once we have the acknowledgements tomorrow. For simplicity I have assumed that everything is base load and I know this is not correct. Once we know exactly what contracts we are looking at, we can fine tune the calculation. <<December SD3 and SD4.xls>>

What is the subject of this email?
Enron Security