Message-ID: <17732165.1075852329588.JavaMail.evans@thyme> Date: Mon, 1 Oct 2001 11:57:49 -0700 (PDT) From: don.baldridge@enron.com To: shonnie.daniel@enron.com, gerald.nemec@enron.com Subject: Settlement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Baldridge, Don X-To: Daniel, Shonnie , Nemec, Gerald X-cc: X-bcc: X-Folder: \GNEMEC (Non-Privileged)\Inbox X-Origin: NEMEC-G X-FileName: GNEMEC (Non-Privileged).pst Adjusted purchase price s/b $209,159,347. Build up of this number is $204,000,000 purchase +$4,000,705 estimated true-up +$1,158,642 Friday final settlement Number does not include the estimated 109K due from Westport. The Payment schedule goes like this NBP owes $1,158,642 through the true-up ENA owes $1,937,200 throught the exec contract These amounts will be netted with ENA left paying a total of $778,558. On Oct. 1 ENA will pay $669,600. (this is the normal wire payment for executory contract --- $21,600 per day for 31 days) On Nov. 1 ENA will pay 108,958 which is the balance. These payment due not include any dollars owed due to the outstanding June and July Westport revenue payment estimated at $109,000. Its just a coincident. Also, we would like to add a short statement which indicates ENA continued agreement in providing backup documentation on some the expenditures NBP has agreed to pay. Thanks.