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Enron Mail |
Darren,
The demand fee is probably the best solution. We can use it to create a recieivable/payable with Tenaska, depending on which way the calculation goes each month. How are PMA's to be handled once the fee been calculated and the deal put in the system? Attatched is a schedule detailing what is on the GL for Cleburne as of today. Some of this info will change by the end of the month. As you can see, there are some discrepancies between Megan's calculations and what is on the general ledger. UA4 is also on my schedule. Unless the buys/sells are volumetrically balanced, we book an entry to balance the desk. This will change the calculation of what is due from/to Tenaska. Should we be recording a UA4 entry for Cleburne? Is it addressed in the agreement with Tenaska? Daren J Farmer@ECT 12/12/2000 04:48 PM To: Greg Whiting/Corp/Enron@ENRON, Troy Klussmann/HOU/ECT@ECT, James Armstrong/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON, Jim Pond/Corp/Enron@Enron cc: Subject: Tenaska IV 10/00 In most cases, ENA will be a net buyer from Tenaska IV for activity related to the Cleburne plant. However, for October 2000, the plant was down the majority of the month and ENA sold off the supply, resulting in ENA owing money to Tenaska IV. I have created deal 529856 with a demand of $1,798,389.73, which is the calculated amount of income on the Cleburne desk. (Please see the attached schedule.) We need to pass this income on to Tenaska IV. Do we need to pay this amount (wire from ENA to Tenaska IV) or is there another way to do this? This is the case for October 2000 and could possibly happen again in the future. Greg, Troy, Jim - Please let me know what you think about settling this. Megan - Don't pay the amount until we here from the Greg, Troy and Jim. Also, make sure that we have received dollars from the spot sales before we reimburse Tenaska IV. D ---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/12/2000 04:37 PM --------------------------- Enron North America Corp. From: Megan Parker @ ENRON 12/07/2000 09:18 AM To: Daren J Farmer/HOU/ECT@ECT cc: Subject: Tenaska IV 10/00 We have actuals. The larger of the two volumes is 1,395,000, which is 45,000/day, so the demand rate in deal 514353 is fine. I am having a problem, though, with the way it is coming to settlements. It is showing up with a Jan 2003 delivery date. I think the demand fee needs to be on 10/1 only. Right now, it is on a line with a date of 10/1/00 to 12/31/36. I think this is confusing the system some how. Also, we still need the purchase deal for Tenaska IV. It should be for a demand fee of $2,571,135.73 booked to the Cleburne desk. We actually owe $1,798,389.73, but I need to net the Tenaska IV sales with the purchase to clear those receivables. James is calling me every day asking for an update. Do you know when we will be able to get this in the system? I have attached my spreadsheet so you can see the numbers. Megan
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