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Enron Mail |
A bit more detail in the bullets and a heads up call on this would have been
a good idea. DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/26/2000 10:36 AM --------------------------- From: Drew Fossum 06/26/2000 10:39 AM To: Bill Cordes/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Michel Nelson/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON cc: Stephen Herber/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON Subject: LG&E issue Steve filled in the detail for me on the LG&E issue mentioned in the Law bullets this morning. A valve was left open between an LG&E facility and Northern for an approximate 3 month period (I'm not sure how recent). LG&E's gas loss data indicates that the amount of gas that inadvertently got into Northern was approx. 180,000 MMBtu, with a value of about $500,000. Rockey and Steve have talked to LG&E and it does not appear that we have any good arguments for avoiding the liability. The unexpected (and unmetered) deliveries from LG&E presumably reduced our lost and unaccounted for balance during the referenced 3 month period. Accordingly, I assume the cost of replacing that gas should be accounted for in Northern's PRA and so should not affect earnings. I'm not sure what the timetable is for resolving this matter. DF
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