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Enron Mail |
Louise, difficult week for all of us. I hope that you are doing alright given the circumstances.
I expect to have the fully executed documents back from TBG on Monday. We will be paying them approx. $1.8 million to settle Jan 1, 01 through Oct 01 and convert the agreement to a baseload transaction beginning Nov 1, 01. In addition it eliminates a $14mm liability. Payment will be made from combination of Schedule C and deferred account. Will then book between $700k and $1mm. As you are aware, John reviewed this situation several weeks ago and gave the go-ahead. I will contact you Monday prior to execution. Frank
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