Message-ID: <7678928.1075844293947.JavaMail.evans@thyme> Date: Mon, 6 Nov 2000 08:15:00 -0800 (PST) From: jerry.peters@enron.com To: rod.hayslett@enron.com Subject: GP and CU Book Values Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jerry Peters X-To: Rod Hayslett X-cc: X-bcc: X-Folder: \Rodney_Hayslett_Dec2000\Notes Folders\Discussion threads X-Origin: HAYSLETT-R X-FileName: rhaysle.nsf Attached is some information on the book values of our investment in NBP. As you can see, we track our investment by GP and LP. I have forgotten who was following up with whom - if you would like we could have Patty work this through. If so, who should she talk to? I think the issues are: What is the basis for carrying EOTT on a mark to market basis (if this is in fact true)? Could that rationale apply to our investment in NBP? Are we required to carry LP interests on an equity method? Why, given that no real control follows the LP unit? Could the GP interest be bifurcated from the LP, i.e. carry the GP on the equity method and the LP on a cost or mark to market method? Is there any basis for carrying newly purchased units on a different method than our original holdings? Have I missed any? ---------------------- Forwarded by Jerry Peters/NPNG/Enron on 11/06/2000 03:59 PM --------------------------- Tom Umphreys 10/27/2000 11:46 AM To: Jerry Peters/NPNG/Enron@ENRON cc: Subject: GP and CU Book Values Jerry- Here is the file we discussed.