Interoffice Memorandum
To	Rick Buy, Louise Kitchens, John Lavorato, Ted Murphy, 
	David Port, Cassandra Schultz, Jeff Skilling, File Copy
From	Chris Abel / Kenneth Thibodeaux	Department:	Risk Management
Subject:	Loss Notification	Date:	April 10, 2001
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Please note below the explanation of the loss exceeding risk policy limits as of the close of business April 9, 2001.
Enron - Gas Trading
	Notification:	Daily Loss Limit
	Limit:	$61.00 Million
	Daily Loss:	$206.83 Million
	Explanation:	The California market prices decreased about $1 per mmbtu on long positions, caused by 
	the PG&E bankruptcy filing and market liquidation.
Approvals:
Trader	—————————	Risk Assessment and Control	————————
Respect	Integrity	Communication	Excellence