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Enron Mail |
The easiest way would be to delay the closing until January. Is there a
reason we can't do that? DF From: Mary Kay Miller 11/08/2000 07:28 AM To: Drew Fossum/ET&S/Enron@ENRON, dave.neubauer@enron.com cc: Subject: Re: SSL Abandonment - Sale to El Paso We need to make sure this upside doesn't get taken in 2000. It is part of the 2001 plan. What ideas do we have for reserving equivlaent dollars? the TC swap? depending on the outcome of the Carlton order, we may have a couple hundred thousand there? we need to discuss how we want this treated for when it gets to Rod- MK ---------------------- Forwarded by Mary Kay Miller/ET&S/Enron on 11/08/2000 07:24 AM --------------------------- Bob Burleson 11/07/2000 05:03 PM To: Michele Winckowski/ET&S/Enron@ENRON cc: Mary Kay Miller/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON Subject: Re: SSL Abandonment - Sale to El Paso I had a meeting with El Paso the afternoon of Nov. 6th to discuss the abandonment, and the "next steps" El Paso agrees to shoot for a November 30, 2000 close, with them assuming commercial and revenue responsibility on December 1st. I requested funds transfer to NNG on the first business day of Jan 2001. All exhibits to the P&SA are collected and being made available to legal for incorporation into closing documents. These include MMS ROW's, space lease agreements on three platforms, and a surviving NNG/Sea Gull transport agreement. Robert Newman with EGC has contacted El Paso field operations and they have developed a list of information operations will transfer to El Paso regarding pipeline Ass Builts, maintenance information,. metering activity, MMS safety inspections, corrosion control, leak histories, etc. Preliminary worksheet showing the "Adjusted Price" was developed and agreed to with El Paso. Estimate of proceeds at the time of closing will be $1,357,107.00. This was developed using estimates for the last three months revenue stream, and four month of O&M. The final number will be developed and routed internally once actual variable are known. Due to the transition to SAP, queries be expense code are more difficult to obtain. If you should have any questions or need any information please let me know. Thanks, Bob
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