Following is a status of RAC initiated audits in 2001 and year-to-date cash recoveries related to the Merchant Investment Portfolio: Oil & Gas Joint Venture Audits Completed: Program Operator Gross Claims Net Claims Vastar BP Amoco $177,432 $ 88,716 Hughes-Rawls EPL $285,176 $129,954 E. Sour Lake Adobe $285,126 $256,613 Total $747,734 $475,283 Oil & Gas Joint Venture Audits Scheduled: Program Operator Date Cypress Meridian Resources 10/01 Juniper Bois D'Arc Resources 10/01 Vastar Key Production Co. 12/01 Coal Venture Audits Completed: Program Operator Gross Claims Net Claims Jupiter Cline $ 66,250 $ 66,250 Jupiter Cline $126,000 $126,000 Total $192,250 $192,250 DPR Cline The audit determined that, contrary to the agreement; excess funds were transferred to an investment account in Chris Cline's name rather than DPR. Potentially $5.5 million was at risk to Enron. The situation has been corrected. Cash recovered in 2001 from Audits as of 9/30/01: Oil & Gas - 2000 $315,579 Oil & Gas - 2001 $ 43,913 Coal $ 66,250 Total $425,742
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answer: Status of Audits & Cash Recoveries
The Republicans are currently on the Senate floor arguing (noisily, repeatedly and passionately) that California (and the Senate in particular) is being hypocritical and intellectually dishonest in attacking and investigating private companies and ignoring munis. One Senator specifically identified prices charged by LADWP and SMUD and compared those prices to Enron's (1/3 to 1/2 less than LADWP and SMUD charged). Best,
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answer: Senate Debating Unfairness of Singling Out Private-sector Sellers for Investigation
I had a good interview with Andy yesterday. He is a strong candidate and you may want to consider him for origination and mid-marketing opportunities. His resume is attached below. I highly recommend Andy and if you are interested in talking with him, please contact Shanna Funkhouser to arrange an interview. Thanks.
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answer: Strong Candidate
Let me know as soon as possible when you can do Sherry's review and the others as well, so I can get with Liz to schedule something that works for everyone. They want the regular ones to be done by the end of next week, and Sherry's has to be done by Jan 19, 2001. Thanks -- I know it's a pain,
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answer:
Reviews