Tom,
I am fine with this but our effective date is a call of fairness that depends
on your view of the middle east adjustment. I don't want to be hard on this
and get back a bigger number on middle east by default. Its up to you and
your judgement on what you think is appropriate and or a trade with Europe.
I am fine with your ultimate decision.
Mike
From: Thomas Myers/ENRON@enronXgate on 06/06/2001 06:55 PM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Enron Japan Plan Split
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