Message-ID: <7898214.1075855411539.JavaMail.evans@thyme> Date: Fri, 21 Dec 2001 15:35:07 -0800 (PST) From: d..martin@enron.com To: stanley.horton@enron.com Subject: GTB Payment status Cc: nasim.khan@enron.com, leigh.lyons@enron.com, phil.lowry@enron.com, rod.hayslett@enron.com, l..eisenstein@enron.com, mark.lavine@enron.com, richard.melton@enron.com, e.weidler@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: nasim.khan@enron.com, leigh.lyons@enron.com, phil.lowry@enron.com, rod.hayslett@enron.com, l..eisenstein@enron.com, mark.lavine@enron.com, richard.melton@enron.com, e.weidler@enron.com X-From: Martin, Jerry D. X-To: Horton, Stanley X-cc: Khan, Nasim , Lyons, Leigh , Lowry, Phil , Hayslett, Rod , Eisenstein, Arnold L. , Lavine, Mark , Melton, Richard , Weidler, Peter E X-bcc: X-Folder: \Stanley_Horton_Jan2002\Horton, Stanley\Deleted Items X-Origin: Horton-S X-FileName: shorton (Non-Privileged).pst We met with GTB representatives yesterday and today, and worked out an agreement in principle for an assignment of our contract to a replacement contractor. The commercial terms have been tentatively agreed to, pending GTB management approval. The other terms and conditions are generally agreed to, and the actual wording is in draft form; the expectation is to execute the letter agreement by 31 December 2001. Also, GTB expects to execute their agreement with the replacement contractor by 11 January 2002, with the assignment from EPCSC to be effective then. GTB agreed to pay their past due invoices by 26 December 2001. A payment schedule, with conditions and target dates, was agreed to for the balance of payments. All are targeted to be paid during January 2002. Enron Pipeline Construction Services Company (EPCSC) received no payments since last week's report. The total paid to date is $4,058K (EPCSC's portion remains at $3,476K). Nine EPCSC invoices remain past due, and the following is a summary of the GTB payments "in process" (either debit noticed or invoiced), along with their forecasted due dates: Due Date Amount 04 Jan $ 131K Invoice: Yacuses Construction Progress - November 05 Jan $ 28K Invoice: Rio Grande delivery to jobsite 05 Jan $ 4K Invoice: Yacuses Solar Engineering - November 05 Jan $ 9K Invoice: Chiquitos Solar Engineering - November 05 Jan $ 6K Invoice: Izozog Solar Engineering - November 05 Jan $ 3K Invoice: Robore Solar Engineering - November TOTAL $ 181K Past Due Amount 30 Nov $ 439K Invoice: Chiquitos Drawing Package Issued for Approval 30 Nov $ 220K Invoice: Yacuses Delivery of Major Equipment 14 Dec $ 4K Invoice: Yacuses Solar Engineering - October 14 Dec $ 8K Invoice: Chiquitos Solar Engineering - October 14 Dec $ 1K Invoice: Izozog Solar Engineering - October 14 Dec $ 6K Invoice: Robore Solar Engineering - October 14 Dec $ 150K Invoice: Yacuses Construction Progress - October 14 Dec $ 594K Invoice: Izozog NTP Equipment Specification 14 Dec $ 596K Invoice: Robore NTP Equipment Specification TOTAL $ 2,017K If anyone has questions about the status or the agreement, please call me any time at 713-557-0982. Thanks, Jerry