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Enron Mail |
Tim, sorry for the delay - lets talk if you think it is warranted. I can see
a lot of positives to take this path. However, there are a) pr issues and b) we have hoards of on-going litigation that cost us a bundle. We should make this decision very carefully. Regards Delainey ---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000 03:06 PM --------------------------- From: Tim Belden 11/13/2000 07:22 PM To: David W Delainey/HOU/ECT@ECT cc: Christopher F Calger/PDX/ECT@ECT Subject: Plan Questions The total depreciation plan number for west trading is $278,000. Here is the general breakdown Net Book Value Planned Amount Depreciation Period Floor Buildouts $462,000 $135,000 3 to 5 years PC's and Monitors $214,000 $50,000 3 years Large Plasma Screens $77,000 $46,000 3 years Other $25,000 $7,000 3 years 2001 Increase $40,000 Total $778,000 $278,000 Here is the headcount breakdown: Current 2001 Plan Change Realistically Trading 41 48 +7 +5 (2 RT, 2 analysts on desk, 1 admin.) Mid Mkt & Svcs 9 12 +3 +1 or +2 (increase coverage) Fundamentals 7 9 +2 +1 (supply person with hydro knowledge) Structuring 0 0 0 +2 (group is 4 -- Chris planned half, I need to plan for half) Totals 57 69 +12 +9 or +10 It looks like my number is two or three too high. We also had a mixup on planning for the existing structuring group. Let me know if you have any questions. Also, I need to talk to you about the City of Vernon. I want to sue them. Several months ago they flaked on a purchase that has cost us about $10,000,0000. Richard Sanders has done the basic legwork and it looks like we have a decent case. I talked to Chris about it, and we both agree that it doesn't hurt the west business if we poke them in the eye. They are not well liked in the muni community out here, so the collateral damage should be minimal. The big question is how will this appear in the face of all of the ongoing investigations? Perhaps we should set up a call with me, you, Lavo, Sanders, Calger, and Kean? Let me know your thoughts. Tim 503-464-3820
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