Message-ID: <16593584.1075857696789.JavaMail.evans@thyme> Date: Tue, 22 May 2001 06:26:52 -0700 (PDT) From: lavorato@enron.com To: rogers.herndon@enron.com Subject: RE: P&L Impact of Volumetric True-Up Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Lavorato, John X-To: Herndon, Rogers </o=ENRON/ou=NA/cn=Recipients/cn=Notesaddr/cn=6aa81a13-79303b50-862566eb-59bf78> X-cc: X-bcc: X-Folder: \jlavora\Sent Items X-Origin: Lavorado-J X-FileName: jlavora.pst I'm talking to Dave about Hughes reporting to Sally. They don't need to even check the bill. They can have a customer service g= roup and if the customer calls the customer service group can deal with our= guys. JOHN -----Original Message----- From: =09Herndon, Rogers =20 Sent:=09Tuesday, May 22, 2001 8:13 AM To:=09Lavorato, John Cc:=09Presto, Kevin; Black, Don; Belden, Tim; Aucoin, Berney C. Subject:=09RE: P&L Impact of Volumetric True-Up John - FYI. From what I vave seen thus far I think it will be difficult getting a= nything accurate or timely out of Evan Hughes' group. This is the group th= at is responsible for billing and settlements - the weakest link in our rec= onciliation problems. Unlike ENA Power, Retail has Deal Capture and Risk A= nalysis under Sally Beck and the Settlements process under EES (Evan Hughes= ). All three of these functions need to work together and feed into Wade S= tubblefield (Wes Colwell) in order to get an accurate and timely reconcilia= tion. Dave has wanted to keep Billing and Settlements because of the "Cust= omer Touch" they want to maintain. I think this approach is delaying our g= etting control of and resolving the issues that are keeping us from monthly= reconciliations and cash to actual liquidations. I think EES needs to be = given an ultimatum to 1) either provide us with a Settlements function that= allows us to flash and reconcile or 2) get out of the way. We can provide= them with the bill and they can lick it. Rogers=20 =20 ---------------------- Forwarded by Rogers Herndon/HOU/ECT on 05/22/2001 08= :01 AM --------------------------- =20 Wade Stubblefield@EES 05/22/2001 07:57 AM To:=09Rogers Herndon/HOU/ECT@ECT cc:=09=20 Subject:=09RE: P&L Impact of Volumetric True-Up << OLE Object: StdOleLink= >>=20 Rogers, I'll wait for Mike's response, but these should all be forward volume adjus= tments as a result of truing up the volumes based on actual data received. = The past activity difference is captured in our potential flash to actual = adjustment that we have pegged at a rough $75MM right now. One of the diff= iculties we have in reconciling flash to actual is the difference in actual= volumes versus volumes liquidated from the books/batch models. With respe= ct to how much more exists, this is one of the key items, I think, that the= Project Phoenix team will want to get from Evan Hughes' group to get the f= orecasted volumes right. My suspicion is that we need volumetric true-ups = on many of our deals. Again, let's verify the above with what Mike's response is. Wade =20 Rogers Herndon@ECT 05/22/2001 07:43 AM To:=09Michael Kim/HOU/EES@EES cc:=09Wade Stubblefield/HOU/EES@EES, John J Lavorato/Enron@EnronXGate, Kevi= n M Presto/HOU/ECT@ECT=20 Subject:=09RE: P&L Impact of Volumetric True-Up << OLE Object: StdOleLink= >>=20 Michael - Are these changes in the forward volumes (unrealized losses). Can you expl= ain the reason for these adjustments? How much more exists that we need to= address? Thanks, Rogers From:=09John J Lavorato/ENRON@enronXgate on 05/22/2001 07:28 AM To:=09Rogers Herndon/HOU/ECT@ect cc:=09=20 Subject:=09RE: P&L Impact of Volumetric True-Up 20 Million !!!!!! Is this back money or forward money. Why did the volume= s change so much. -----Original Message----- From: =09Herndon, Rogers =20 Sent:=09Monday, May 21, 2001 6:53 PM To:=09Lavorato, John; Presto, Kevin Subject:=09P&L Impact of Volumetric True-Up FYI ---------------------- Forwarded by Rogers Herndon/HOU/ECT on 05/21/2001 06= :52 PM --------------------------- << OLE Object: Picture (Device Independent Bitmap) >>=20 Wade Stubblefield@EES 05/21/2001 05:35 PM To:=09Rogers Herndon/HOU/ECT@ect cc:=09=20 Subject:=09P&L Impact of Volumetric True-Up FYI ---------------------- Forwarded by Wade Stubblefield/HOU/EES on 05/21/2001= 05:35 PM --------------------------- << OLE Object: Picture (Device Independent Bitmap) >> =09Enron Energy Serv= ices From: Michael Kim 05/21/2001 03:20 PM Phon= e No: 713-853-1902=09 =09=09 To:=09Neil Hong/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Wade Stubble= field/HOU/EES@EES, Don Black/HOU/EES@EES cc:=09=20 Subject:=09P&L Impact of Volumetric True-Up We have re-priced Suiza, Packaged Ice, and Arch of Chicago with updated vol= ume information from our billing system. The impact is as follows: << OLE Object: Picture (Metafile) >>=20 The impact will be recognized on the DPR and G/L, pending Accounting Depart= ment's "green light." Thank you. Best regards, MSK <Embedded Picture (Device Independent Bitmap)> <Embedded Picture (Device Independent Bitmap)>