Intercompany Balances

Did you get a copy of this? It looks as if in September that our=20
intercompany balances were relatively low (EES and ENA), with an increase i=
n=20
October with Enron Europe. Do you have details behind this? Are EES=20
balances gas only, or gas and power? How do we have imbalances with=20
ourselves? What kind of reporting do you get from financial ops on a regul=
ar=20
basis that gives you the details behind this? I am assuming that these=20
imbalances are created from commodity transactions, so that we would really=
=20
be closer to the details than would financial ops. Is that a good=20
assumption? --Sally=20
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/27/99 02:20 PM=
=20
---------------------------
=20
=09Enron North America Corp.
=09
=09From: Shelley Pierson @ ENRON 12/07/99 02:56 =
PM
=09

To: Wanda Curry/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Thomas=20
Myers/HOU/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT,=
=20
Beth Apollo/LON/ECT@ECT, Moira Brown/LON/ECT@ECT, David Mally/LON/ECT@ECT,=
=20
Tod A Lindholm/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn=20
Barrett/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent=20
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol=20
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey E=20
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cassandra=20
Schultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wanda=20
LaBaume/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,=
=20
Tracy Geaccone/GPGFIN/Enron@ENRON, Kerry Roper/GPGFIN/Enron@ENRON, James=20
Saunders/FGT/Enron@ENRON, Bob Chandler/ET&S/Enron@ENRON, John=20
Cobb/FGT/Enron@ENRON, Jennifer Lev/FGT/Enron@ENRON, Lori=20
Maddox/Houston/Eott@Eott, John Berry/Houston/Eott@Eott, Keith=20
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paula J=20
Parrish/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Turina@ENRON, Kirk=20
Stevens@ENRON, Raul Madarang@ENRON, Steve Elliott/Enron Communications@Enro=
n=20
Communications, Todd Henne/Enron Communications@Enron Communications, John =
B=20
Echols/HOU/EES@EES, Thea Marino/HOU/EES@EES, Lou Casari/HOU/EES@EES, Patric=
k=20
Haye/HOU/EES@EES, Kem Miller/Corp/Enron@Enron, Jill Erwin/HOU/ECT@ECT, Howa=
rd=20
Selzer/Corp/Enron@Enron, Jim Davoli/Corp/Enron@Enron, Elaine=20
Schield/Corp/Enron@Enron, Christopher Herbold/AA/Corp/Enron@Enron, Cecilia=
=20
Winters-Morris/AA/Corp/Enron@Enron
cc: Karen Choyce/Corp/Enron@Enron=20
Subject:=20

Please find attached the intercompany imbalance analysis for Enron Corp. an=
d=20
its subsidiaries for the accounting month of October 1999.

Please note that intercompany imbalances are extremely significant this=20
month. This is due primarily to various issues surrounding the London group=
's=20
first close on its new general ledger system. The majority of these=20
imbalances are expected to be resolved with November close and the remainin=
g=20
imbalances should be cleared by year-end. Because of the abnormal spike in=
=20
all trends due to these issues, we have elected to keep the graphs in the=
=20
same scale as previous months rather than scale to fit this month=01,s numb=
ers.=20
This continues to allow for legibility of the other months=01, and other=20
business units=01, trends.

Please call me at extension 37659 if you have any questions.

Shelley Pierson