IN: This is an email
Until further notice, please set (and/or have your traders set) all of the curves to market representative numbers each day. I hope that you have been doing so all along, but I heard today that this may not be happening on all desks. Thanks for your help. If you have any questions, please ask. Regards,

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OUT: Curves

IN: This is an email
To forecast Entex: We have a database that contains the citygate volumes by day, with the low and high temps for each day. When we get a weather report for the new day, we enter the projected low temp and the spread into the file. The database is sorted by that information with a +/- 2 degrees on the temps, and provides an average volume for that criteria. (For example: With temps of 40-60, the sort would produce a list of the volumes pulled for each day with a low of 38 to 42 degrees and a temperature spread of 20 to 22 degrees. An average is then calculated from that volumetric data. In this case, the average is calculated to 259,000 Mmbtu.) Upon calculating the average, we then apply information we obtain through daily business and adjust that estimate. Things to consider: if weather is cloudy or sunny, wet or dry; wind chill; Entex's obligation on Midcon; Entex's recent operating procedures; Entex takes versus our prior estimates (have we been under or overestimating volumes each day), etc. Additionally, since we only see about 30% of the meters, we apply a factor to estimate the remaining 70%. If we have an unaccounted volume for a few days that is fairly consistent (and we have determined that the ua4 has not been caused by something else), we may adjust the factor to bring the estimates more in line. Let me know if you have any questions. Daren

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OUT: Entex Forecasting

IN: This is an email
Lawrence, I hope you and your family are fine. Is there someone from your friends and relatives, who is involved in this terrible strikes in New York and Washington? I hope not, if yes let me know who. You may remember Dan Plice, who made a joke on Hub's party as he told us, that Ronald Reagen is his uncle. He lives since 10 years in NewYork, doing business in IT. At the moment I have no living sign form him but hope he is ok. Unfortunatly this is a bad time to congratulate and feel happy with someone, who did a great step foreward in his career, but I want to use this email to do so. Believe me, all members of the Stammtisch are proud to have you, the new COO of ENRON, as a friend. Say hello to Kathrin, Mary and Nicolas. Servus Ferdl PS: You missed a big trinking time on the weekend of the 25th aniversary of the Stammtisch. More info's and pictures will follow later.

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OUT:
News