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Enron Mail |
I recently met with John Sherriff to review year-to-date regulatory affairs
costs. We both agreed my team's efforts represent a real bargain! Seriously, John asked me to summarise year-to-date spend for the commercial units, so that they might get a feel for the costs being incurred on their behalf. I do this below. First, just few explanations. First, these are figures through July (7 months). Our burn rate is fairly constant, so you should be able to extrapolate year-end spend from these, with the exception of Central and Southeastern Europe, which started high and has come down. Second, direct costs (payroll, travel, consultants, etc.) incurred by my department year-to-date are $2.27 million. Overhead allocations in (IT, Admin., HR, etc.), which are included in your figures below, represent $2.36 million. Finally, there is a little bit of "noise" still in these numbers, e.g., my cost centre, for some reason, is picking up a large share of all Amsterdam payroll costs, even though I only have one person in that office. The figures below are not intended to be all inclusive, and therefore will not necessarily add up $4.63 million. Please feel free to contact me should you have any questions. German-speaking origination $482,000 Nordic market 43,500 Poland 326,500 Russia 7,000 Coal Trading 39,500 Climate Change Levy 60,000 UK Gas & Power (trading/origination/asset dev.) 532,500 Continental Power Trading 209,500 Continental Gas Trading 216,000 Central and Southeastern Europe 651,500 Ireland 41,000 Iberia (including Arcos) 161,000 Italy 221,000 EES (including Enron Direct and ETOL) 275,000 EBS 1,000 Benelux and France 306,000 Mark Schroeder
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