Problem: BODY: Jeff, Al and I would like to thank you for your kind endorsement of Expectations Investing. We look forward to sending you a final copy when it is published in early September. I would love to catch up with you. Please let me know if you're in NY with a few extra moments-alternatively, I'd be pleased to come to Houston. Best regards,
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A: SUBJECT: Thank you for endorsement

Problem: BODY: eSource's weekly Liquefied Natural Gas (LNG) Newsletter, Volume 11. This issue outlines coverage for April 06th - April 12th. A word document and a PDF formatted versions of the newsletter are attached for your convenience. Should you have any questions concerning this newsletter or its distribution, please do not hesitate to contact us.
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A: SUBJECT: Weekly LNG Newsletter

Problem: BODY: I've simulated the Aggregate power portfolio's VAR with the BPA contract (approx. $51MM) as a stand alone (approx $3MM) and with the BPA position reversed out (approx $49MM). Only issue seems to be that the VAR related to the position per credit Agg does not "tie" with VAR related to position in Enpower - I'm attributed this to the peak/off peak simulation difference. Specifically, the credit agg file does not define what was peak or off peak, whereas file from Enpower did, resulting in more accurate measurement of risk. Bottom line is that BPA removal appears to be risk reducing. Frank
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A:
SUBJECT: BPA removal