If you guys have been keeping up, you know Enron Europe is waving the white flag and shutting down. Our email addresses (and our jobs!) are being deactivated as of midday tomorrow, so you can reach us at:
Q: What is a potential subject line for this email?
answer: C'est la vie!
Guys, attached you will find a final cut on the ENA 2001 expense budget. Please review and make any adjustments to your existing plan that are appropriate to hit the net ENA target. In order to stay flat year on year, I split the remaining positive variance equally across the groups. As we had discussed earlier, these costs will not be allocated to the business units and will be tracked on the ENA income statement below the line and the accountability managed by each of you. All outside variable costs, specifically related to specific deals, will be charged to the business units eg) outside legal and tax, outside technical expertise, facility costs, outside research support, incremental back and mid office support for specific asset management deals, specific entertainment, etc. I look at this cost structure as the minimum capacity charge we need to operate our business and evaluate/manage our risks. Wes, can you please finalize the one page plan (expenses and headcount) for each group with these changes. Regards
Q: What is a potential subject line for this email?
answer: 2001 Group Expenses
Assuming we keep Arthur Anderson on board this afternoon and assuming Enron is still in the business of doing asset monetizations like this one (which better be the case since its in the TW 4th Q plan @$2.5 mm), the following things need to happen on roughly the following timetable: 1. Mike talks to Hanover and we negotiate the price, specific contract language, etc. (hopefully within 2-3 weeks of turning Mike loose?) 2. Regulatory (assisted by Maria and me) flanges up the FERC abandonment filing and tees it up to file the minute Mike finalizes the deal with Hanover. We haven't talked about this for a while, but the story we tell FERC has to acknowledge that the monthly O&M cost will be higher under our outsourcing deal than it currently is, if load factor and other operating assumptions remain constant. That may be the key to our story line--we
Q: What is a potential subject line for this email?
answer:
TW Compressor Monetization