Enron Mail

From: steve.kleb@enron.com To: tracy.geaccone@enron.com Subject: FW: Deferred Gain on Sale of Part to Cooper Energy Services Cc: Bcc: Date: Mon, 30 Jul 2001 11:45:28 -0700 (PDT) FYI - If this should happen, we should include it in the July Flash and also the Quarterly Functional Forecast (as a part of FA&A activity, right ???). -----Original Message----- From: Chandler, Bob Sent: Friday, July 27, 2001 5:05 PM To: Zahn, Gary Cc: Jones, Dana; Kleb, Steve Subject: Deferred Gain on Sale of Part to Cooper Energy Services Gary, I'm attaching an accounting memorandum I prepared at year end to establish the methodology for bringing the $4.5MM deferred gain on the Cooper parts sale into income. The bottom line is that it is to be brought to income pro rata with the satisfaction of the $18MM minimum purchase obligation under the Blanket Purchase Agreement between Co. 1195 and Cooper. So the amount to be transferred to income in July, 2001 will be $618,772.96 divided by $18,000,000 multiplied by $4,500,000 or $154,693.24.