Enron Mail

From:thomas.myers@enron.com
To:mike.mcconnell@enron.com
Subject:Enron Japan Plan Split
Cc:
Bcc:
Date:Wed, 6 Jun 2001 11:55:00 -0700 (PDT)

Mike,

Attached is the proposed plan transfer to EGM for Enron Japan. These amounts
have been reviewed and approved by Joe Hirl. We are still working with Enron
Europe to gain agreement on the effective date (April 1 or July 1) - will
let you know as soon as this is settled.

Here's a summary of the Plan Amounts;

Split after 2Q

EGM
Margin* 1Q -
2Q -
3Q 3,750,000
4Q 3,750,000
2001 7,500,000


Expense 1Q -
2Q -
3Q 3,366,377
4Q 3,366,377
2001 6,732,754


EBIT 1Q -
2Q -
3Q 383,623
4Q 383,623
2001 767,246

If we end up with an April 1 transfer, EGM will be kept whole on plan (will
be approx $3.4 MM expense, zero margin).

Please advise if you have any questions or wish to discuss this in further
detail.

Tom Myers 3-0475