|
|
Enron Mail |
Your list of items is correct. However, the entex related transport shows up
on the P&L and the GL via transport expense from Tom to Ed. This number is manually booked to the GL each month by Phillip. Therefore, this revenue shows up en masse with all of the marketing desk's expense. Eric Enron North America Corp. From: Heidi Withers 01/20/2000 09:01 AM To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT cc: Subject: Entex Transport Reimbursement Eric and Mick, does this match your understanding of how the money for transport related to the volumes that Entex pulls for Lufkin/Diboll residential volumes end up in Ed's P&L? Also, do we do anything for the industrial volume? I think we ought to let people know that we accomplished this (albeit that we did this a long time ago). Please let me know. Ed asked me to find revenue from Entex for transportation expense to Lufkin/Diboll for the residential part of the contract (Transaction 10). After checking into it, we have all found the following things: 1. Howard allocates the Lufkin/Diboll meters (7107/8/9) based on actuals. 2. Howard receives allocations from Entex for the industrial volumes, and then backs into the Transaction 10 (residential) volumes for Lufkin/Diboll. 3. Howard allocates the residential piece for Lufkin/Diboll to Transaction 10. 4. Kyle bills Entex for the residential volume, and applies the cash to the sales invoice. 5. Cassandra cuts an invoice to Co. 16 to get reimbursed for the transport expense going up to Lufkin/Diboll for the residential volume. 6. The money lands in Ed's P&L for the residential piece of the transport reimbursement. Right now, at the end of the month, Eric Bass tells Mick how much the transport reimbursement is and Mick includes that money in Ed's P&L as revenue from a third party. The actual money is reflected in Co. 12, and we just have to make sure that the money is reflected as revenue for Ed in the G/L rather than for Tom.
|