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Enron Mail |
---------------------- Forwarded by Shona Wilson/NA/Enron on 09/15/2000 12:=
28=20 PM --------------------------- Lisa Fair@ECT 09/15/2000 03:52 AM To: Alex Holland/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Anna=20 Rafalska/WAR/ECT@ECT, Anne Hicks/LON/ECT@ECT, Anthony Key/LON/ECT@ECT, Atti= la=20 Toth/EU/Enron@Enron, Barry Sangster/LON/ECT@ECT, Berit Lokken/OSL/ECT@ECT,= =20 Beth Apollo/LON/ECT@ECT, Brent A Price/HOU/ECT@ECT, Caroline=20 Lothian/LON/ECT@ECT, Caroline Saffell/LON/ECT@ECT, Chris Dodds/LON/ECT@ECT,= =20 Clair Fowler/LON/ECT@ECT, Claire Wright/LON/ECT@ECT, Clinton Wee/LON/ECT@EC= T,=20 Craig Brown/LON/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON, Denise=20 Hudson/LON/ECT@ECT, Donnah Blake/LON/ECT@ECT, Erika Moore/LON/ECT@ECT,=20 Fernley Dyson/LON/ECT@ECT, Ian Sloman/LON/ECT@ECT, Ingrid Morse/LON/ECT@ECT= ,=20 Jan-Erland Bekeng/OSL/ECT@ECT, Janine Juggins/LON/ECT@ECT, Joane=20 Saunders/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Kris Trevilyan/LON/ECT@ECT,= =20 Lisa Fair/LON/ECT@ECT, Madeline Fox/LON/ECT@ECT, Martin Burchett/LON/ECT@EC= T,=20 Matthew Landy/LON/ECT@ECT, Michael Destefano/Corp/Enron@ENRON, Michael=20 Heap/LON/ECT@ECT, Mike Wellings/LON/ECT@ECT, Moira Brown/LON/ECT@ECT, Naomi= =20 Connell/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT, Niall Dore/LON/ECT@ECT,= =20 Philip Schumacher/LON/ECT@ECT, Rajen Shah/LON/ECT@ECT, Ralph=20 Jaeger/FRA/ECT@ECT, Richard Sage/LON/ECT@ECT, Sarah Pearmain/LON/ECT@ECT,= =20 Stephane Hue/LON/ECT@ECT, Tina Ward/LON/ECT@ECT, Victoria Arthur/LON/ECT@EC= T,=20 Stephen Wood/LON/ECT@ECT, Jane Joyce/LON/ECT@ECT, Michael Heap/LON/ECT@ECT,= =20 Ross Sankey/LON/ECT@ECT, Hans-Mart Groen/LON/ECT@ECT, Dean=20 Randle/LON/ECT@ECT, Melissa Laing/LON/ECT@ECT, Shona Wilson/NA/Enron@Enron,= =20 James Britton/LON/ECT@ECT, Angela A Brown/LON/ECT@ECT, Nigel=20 Grace/EU/Enron@Enron, Lucy Greggains/LON/ECT@ECT, Rebecca=20 Morrill/LON/ECT@ECT, Doug Imrie/LON/ECT@ECT, Sam Kemp/LON/ECT@ECT cc: =20 Subject: Re: European Financial Operations Monthly Update - August 2000 European Financial Operations Monthly Update - August 2000 1. Management Overview SAP implemented in Frankfurt Spanish Controller, Paulino Martinez Bernal started 2. European Office Summary Summary of Enron Europe's Remote office activities. This has now been=20 updated to include Enron Metals locations, but has not been updated for=20 recent announcements concerning Japan and Australia. Please can you inform Lisa Fair of any changes that need to be made and if= =20 anyone else should be included on the distribution list. Norway Oslo Started to invoice weather counterparties. Applying MTM accounting for the= =20 Weather book Month end for July was finished on time Still trying to recruit a new person for accounts payable Sweden Stockholm 1 Metals person seeking to relocate to Stockholm office Finland Helsinki =20 Germany Frankfurt SAP live at 1st August 2000, no significant hiccups incurred AA review of 1999 Enron Energie accounts started Mobile phone policy implemented Transfer pricing agreement between ECTRL and Enron Energie drafted Hamburg & Frankfurt - MG Metals & Recycling The acquisition of 2 additional yards to expand the MGMR scrap business is= =20 pending awaiting Enron approval MG process mapping and control review being carried out in Frankfurt and=20 Hamburg Changing the structure of the Frankfurt office from a trading office to an= =20 origination office Hamburg Rudolf Wolff New company Enron Metals Germany Gmbh being set up for the acquired assets= =20 and employees Changing the structure from a trading office to an origination office Switzerland Zurich Office search ongoing Transfer pricing agreement between ECTRL and Enron Energie Schweiz drafted Rheine - Wind Head Office to be placed in Rheine Frankfurt assisting in recruitment of Finance Director/Bookkeeper.=20 Lugano Back office integration planned and started IT systems being assessed and redesigned Move to new office due during Q 4 Spain Madrid=20 Spanish Controller Paulino Martinez Bernal started Aug 24th MG Brokerage (1 employee) to move into the Madrid office Sept 4 Directo first invoices to be run early Sept New cost allocation processes, based on the Frankfurt model, to be=20 implemented for October month end Recruiting for Directo accountant Enron Wind Espana - manufacteuring facility went live in Toledo on 15 June= .=20 12 admin/ management employees still located in the Madrid office Arcos power plant - looking for partners but currently 100% Enron.=20 Construction expected to start Q4/Q1 Portugal Lisbon Accounting outsourcing being moved from AA to PwC for EES Portugal Lda unde= r=20 the global outsourcing contract with PwC =20 Holland Amsterdam New office pending, new employees being recruited. Cost and profit centers being reorganised by management accounts France Paris Italy Milan=20 Project Caramella - a joint development agreement is being drafted with a= =20 local Italien consortium for a land option and potential power plant deal= =20 Delays on the office opening due to problems with finding a suitable local= =20 property Romania=20 PE Gas joint venture =01) Bucharest Office New accounting software is still being fine tuned by local developers Second release of settlements system to be assessed and an implementation= =20 date scheduled Seven big customers have been taking gas from PEGas since the beginning of= =20 the month Enron Romania Bank account with Citibank Romania to be opened in September Gas imports expected in October 2000, to replace the shortages of local gas= =20 delivered Poland Warsaw=20 Moved into new office 1999 audit date and fee to be agreed with AA =20 Russia Moscow
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