IN: This is an email
Sarah, As I have not yet heard from Jayshree, I thought I would convey the gist of our phone conversation by e-mail. Over the last several days, we in the research group have looked at ORACLE risk management databases and Enrononline data to corroborate the profitability numbers for power and gas trading. Our analyses yield figures which are substantially at variance with what is normally believed to be the case. Of course, there may well be information sources we are not privy to. Moreover, we found some irregularities in the data which only serve to raise our doubts about the quality of the data. As a result, we are not able to make an authoritative statement about the profitability of power and gas units. As we are not able to intepret the data ourselves, we have provided the spreadsheets so you can draw your own conclusions. Thanks.

What is the subject?

OUT: Power and Gas Trading

IN: This is an email
Hi Christian! I wanted to ask you a few questions about the occurrence of negative pricing on the west desk. I'm getting a differenct response on the east desk. Although my interest is financial trading, you may have experieced this issue on the physical side (Jeff Hodge has not). In the past on the west desk financial trading, any prices which are negative are deemed to be "0" (so an average of hourly prices could include some zeroes). The east desk wants to add in the negative numbers. Please call me to discuss. I'd really appreciate it. Sara

What is the subject?

OUT: off-peak prices, negative numbers

IN: This is an email
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OUT:
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