Message-ID: <8353880.1075844275091.JavaMail.evans@thyme>
Date: Tue, 15 Aug 2000 01:06:00 -0700 (PDT)
From: bob.chandler@enron.com
To: rod.hayslett@enron.com
Subject: Potential Write-offs
Cc: harry.walters@enron.com, elaine.concklin@enron.com, steve.kleb@enron.com, 
	allen.joe@enron.com, aurora.dimacali@enron.com, 
	james.centilli@enron.com
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This is a follow-up on our efforts to identify potential write-offs in 2000 
to utilize the possible availability of non-recurring earnings at the 
Corporate level.  Attached are spreadsheets for the 2nd quarter noteholders 
reports balance sheets, including detailed breakdowns of balance sheet 
items.  We reviewed these schedules for possible additional write-off 
candidates.  This review confirmed that the big items had already been 
identified (reg assets and south-end impairment reserve).  However, reviewing 
the spreadsheets reminded us that we have DOT safety user fees due in 
December (~$1.1MM) and a $1.5MM annual payment to Mobil due by 1/1/2001.  
While both of these items would more appropriately be charged to expense in 
2001, we could probably accelerate them into 2000 without too much visibility.