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Enron Mail |
I still don't understand the 4 million ENA issue.
Jeff From: George McClellan 12/22/2000 01:40 PM To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT cc: Kevin McGowan/Corp/Enron@ENRON, Stuart Staley/LON/ECT@ECT Subject: 2000 Margin Please find below a summary of where we stand for the year. AIG will not close this year. Mike Beyer is in Kentucky today closing on the revised Panther deal with Cline. Current Coal - $15 mm Current Emissions - $3 mm New International - $5 mm New USA - $3 mm Panther - $5 mm Sempra - $24 mm Total - $55 mm Please note we will have to fight 2 - internal issues in early Jan. The first is the American Coal Co. senior note that has resided in Treasury the past year. There is a $1.7 mm hit associated with the note. Our position is that Treasury agreed to take the note a year ago and manage it. Any lose is by definition theirs. I will get with Joe Deffner on this. The second issue is the $4 mm that John Lavorato owes us for taking the incorrectly marked emissions book. ENA clearly owes us this money, I'll follow up with Lavorato to discuss. Kevin McGowan will be in next week to ensure that all the deals are correctly booked. George
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