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
Answer: Status of Audits & Cash Recoveries
Chris, a couple things about the prepays for 1.13/1.19. 1. Is the "Avista possible additional power"a done deal or is it a day to day basis?? When should it be scheduled? 2. Could you email the details on your prepay deals to Phil and I, just in case we have questions regarding them. 3. I have looked over the calculation sheet you showed me yesterday (Tuesday) for the wire to Avista and I have found a mistake. We are not currently delivering to City of Shasta Lake (28mw RTC). Serena
Answer: PREPAYS
How are things in Denver? I haven't heard from you in a while and I thought I would drop you a line. I have the picture of all of us from that mexican food restaurant off of Westheimer under my mouse pad and I was thinking about you. How are the wedding plans going? Good I hope. Have you adjusted to the new living situation? It can be tough at first, but as long as you are patient, everything works out. That was probably the most difficult thign for us. Have you been keeping up with the Astros? They look absolutely horrible. They blew another 7 run lead last night. At least the stadium is really nice, otherwise I would be very dissappointed that I got tickets. I hope your parents are still enjoying the seats. Talk to you soon. PL
Answer: Howdy
Here are materials I recieved from EEI in anticipation of the EEI product description meeting on Wed. I would guess that the bulk of the meeting will be spent on the "Into" definition, which draft was prepared by David and myself, but we will also need to provide requested alterations to the other product definitions (unit firm and system firm). If you have any questions/thoughts about the Into definiton, please call either David or me.
Answer:
EEI Meeting on Dec. 15 Meeting - Product Definitions