Message-ID: <1916465.1075858496487.JavaMail.evans@thyme> Date: Tue, 8 May 2001 17:13:05 -0700 (PDT) From: chris.stokley@enron.com To: amy.clemons@enron.com Subject: RE: El Paso Dec Calif. PX Shortfall - never received Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Stokley, Chris X-To: Clemons, Amy X-cc: X-bcc: X-Folder: \Stokley, Chris (Non-Privileged)\Chris Stokley\SENT X-Origin: Stokley-C X-FileName: Stokley, Chris (Non-Privileged).pst Thanks for your help on this issue. Don't do anything with this until we contact with a resolution. Chris -----Original Message----- From: Clemons, Amy Sent: Tuesday, May 08, 2001 4:53 PM To: Stokley, Chris Subject: El Paso Dec Calif. PX Shortfall - never received The Following invoice was sent in February to collect for the California PX Shortfall - entered as an annuity Deal #508664.1 << File: El Paso Invoice for shortfall.xls >> El Paso should have paid $889,898.71 to Enron atleast by the 2/5/01 (since invoice was sent on Feb 2nd to be paid on receipt). As of 5/8/01, they are 93 days late. According to their WSPP contract the interest rate is 1% per month prorated until paid. El Paso needs to then pay the original $889,898.71 + $27,208.65 in interest.(see below for calculation of interest) 1% x 12 months = interest for a year = 12% 12% / 365 days = interest for a day = .0329% .0329% x 93days = proration of interest for 2/5-5/8 = 3.0575% $889,898.71 x 3.0575% = interest due to Enron for late pay = $27,208.65 Let me know if I need to call my contact at El Paso about this late payment or if you want to call her. In case you do, it's Kathy Peterson (915) 543-2039. Then, let me know whether you want me to send an invoice for the interest. Either way I need to collect the $889,898.71 - since it's sitting on my Accounts Receiveable - flagged as past due. - so just let me know what I need to do and how you want to handle this. Thanks so much and let me know if you need anymore information. - Amy