|
|
Enron Mail |
As referenced below, we have this information. Let's meet tomorrow to go
over an implementation approach. ---------------------- Forwarded by Shona Wilson/NA/Enron on 02/05/2001 02:57 PM --------------------------- Enron North America Corp. From: Sheila Glover @ ECT 01/12/2001 11:45 AM To: Gary Hickerson/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Wes Colwell/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT cc: Chris Abel/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Zhiyong Wei/HOU/ECT@ECT, Jeremy Wong/HOU/ECT@ECT, Stephen Stock/HOU/ECT Subject: ERMS DISCOUNTING Solution Since December 1996, we have reserved for the over statement of our books because ERMS discounts from the first day of production rather than payment date (e.g. for gas the 25th of the following month). The Calculaton for the ERMS Discounting Reserve is currently performed monthly by Risk Controls and Reporting. The December Reserve was ($7.8 million). At an ERMS/TAGG meeting this morning, Zhiyong Wei and Jeremy Wong said that ERMS discounting could be corrected in two months. Debbie Brackett, Chris Abel and I suggested that April 1st may be the best time to implement. Please advise Debbie, Chris or I of any concerns you may have with us implementing this ERMS calculation correction for a April 1st date. Thanks, Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 01/12/2001 11:06 AM --------------------------- Clara Carrington 01/04/2001 10:38 AM To: Brent A Price/HOU/ECT@ECT cc: Sheila Glover/HOU/ECT@ECT Subject: ERMS DISCOUNTING MEMO FOR DEC 00 Clara
|