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Enron Mail |
Louise:
A termination of equipment associated with the Longview project on or before 10/31/01 will require Enron to write-off approximately $23 million, not inclusive of approximately $3 million in development costs to date. To extend orders for equipment to 11/30/01 will cost an additional $5.3 million in cancellation charges. To extend orders for equipment to 12/31/01 will cost an additional $8.7 million (inclusive of the $5.3 million above, therefore, net $3.4 million) in cancellation charges. Termination at any time between now and year-end 2001 provides no material recovery potential for money spent. Regards, Chip Schneider 713-853-1789 ECN2864
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