Message-ID: <3348475.1075854554933.JavaMail.evans@thyme> Date: Mon, 1 Jan 2001 18:21:00 -0800 (PST) From: david.delainey@enron.com To: wes.colwell@enron.com, faith.killen@enron.com Subject: 2001 Pro Forma Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: David W Delainey X-To: Wes Colwell, Faith Killen X-cc: X-bcc: X-Folder: \David_Delainey_Jun2001\Notes Folders\'sent mail X-Origin: Delainey-D X-FileName: ddelain.nsf Guys, in addition please incorporate in each teams package - their Direct Expense/Headcount ratio to plan average, Productivity ratio to plan average and team ROCE to plan average and any variances from 2000 to 2001 for income/expenses taking into account our most latest 2000 forecasts by group. Wes, I assume that you will be putting together a final 2000 i/s package for me in the next couple of days. Thanks Delainey ---------------------- Forwarded by David W Delainey/HOU/ECT on 01/02/2001 02:08 AM --------------------------- David W Delainey 01/02/2001 02:15 AM To: Wes Colwell/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT cc: Subject: 2001 Pro Forma Guys, attached you will find a completed 2001 Pro Forma budget needing Lavo's review and then detailed review with each team. This workbook has a number of worksheets including: a) pkrs o&m - this details the o&m costs for the sold peakers assuming we own throught Q2 - charged to the OOC; b) driftPrepay - shows the detail as provided netting drift and pre-pay expenses - not all that relevant if you assume that increasing drift will be offset by larger monetizations; c) Summary - overall completed income statement - note that non-external capital charges are added back to reach EBIT; d) commercial income - guts of the commercial budget; e) group expenses - shows the detail on ENA net groups expenses, EIS/ENW/IT non-allocable, corporate charges not allocated to specific commercial groups and bonus/other comp; f) HP&L - takes a cut at HP&L income statement and balance sheet in 2001 assuming a sale by the end of Q2 - this needs some sit down work with Redmond; g) Balance Sheet Allocations - this defines by group the capital employed, assets to be sold and new capital expenditures expected in 2001 - then calculates a net capital and depreciation charge; h) Balance Sheet - this defines the existing balance sheet with no anticipated sales or increases by vehicle (ie) Enserco, JEDI, etc - merchant investments are charged @ a blended rate of 15% and strategic investments are charged @ a blended rate of 9%. Two action items: a) Print out for John - Commercial Income & Summary worksheets for his comment and review & b) Start putting completed commercial packages together for distribution/further comment by the business units in the next couple of weeks - include detailed income statement, headcount, balance sheet (including expected increases,decreases, capital charge and depreciation), leave pages open for goals & objectives and target customer list. I would like to review format and detail for each group before distribution. Regards Delainey