FW: New Payment Release Cycle Effective Next Week

FYI - no wires will be sent on Tuesdays and Thursdays. Please try to work within this new payment schedule when you agree to make payments to counterparties.

Thanks,
Kim
-----Original Message-----
From: Wasaff, George
Sent: Friday, May 03, 2002 4:41 PM
To: Castleman, Kent; Helton, Susan; Sewell, Doug; Smith, Jeff E.; Lamb, Marnie; Ueckert, Allen W.; Hayslett, Rod; Sommers, Jeffrey E.; Howes, Carol; Saunders, James M.; Brassfield, Morris; Geaccone, Tracy; Gunther, Dave; Selzer, Howard; Lindsey, Mark E.; Shannon, Patricia; Pearce, Barry; LaBaume, Wanda; Corrigan, Jim; Gehle Jr., William ; Roper, Kerry; Galvan, Michael S.; May, Kevin; Stubblefield, Wade; Nelson, Kimberley; Massey, Rachel; Schwarzbach, Stephen; West, Terry; Meers, Thomas; Magin, Mary; Kneen, Quintin; Bickett, Kenny; Marino, Thea; Perry, Chaundra; Jesse III, John; Powers, Pam; Flanery, Sharon; Keiser, John; Hsieh, Sally; Kanellopoulos, Drew; Cockrell, Rainier; Grajewski, Joseph T.; Davis, Frank L.; 'Walter.Giesen@nepco.com'; 'wayne.tencer@nepco.com'; Fitzgerald, Felecia
Cc: Bowen Jr., Raymond; Lydecker Jr., Richard; DeSpain, Tim; Gorte, David; Cline, Wade ; Gillespie, John; Rice, Greek; Armogida, Jim; Bingham, Robert; Perkins, Mary; Schmidt, Mark; Howard, Sheila; Silver, Brian; Marcontell, Tammy; Stall, Tahnee; Wheeler, Terrie; Parsons, Andrew; Gillespie, John
Subject: New Payment Release Cycle Effective Next Week
Importance: High

Just a reminder: On Monday, May 6, 2002 we will begin releasing payments on Mondays, Wednesdays and Fridays. Below are some important details regarding invoice unblocking and requirements for processing urgent same day and/or next day payment requests:

Unblocking of SAP AP Transactions by the CAO:
Each invoice must have an unblocked date landing on a Monday, Wednesday or Friday.
Any items with an unblocked date of Tuesday or Thursday will be released on Wednesday and Friday respectively
Invoices should be unblocked for payment on Tuesday if Monday is a holiday.

Requirements for Same Day Urgent Payment Requests:
Must be approved by Department VP and the CAO
Must be received by John Gillespie or me by 11:30 am
Funds must be reserved with Treasury prior to submitting to George Wasaff
Must include a valid SAP vendor number (contact the ISC Help Desk for validation)
All same day urgent payment requests will be posted to SAP by the Corporate Accounting Accounts Payable Team no later than 2:00pm
All same day urgent checks will be available for pick-up at ECN 14th Floor by 3:00pm.

Requirements for Next Day Urgent Payment Requests:
Must be approved by Department VP and the CAO
Must be received by John Gillespie or me by 2:00pm
Must include a valid SAP vendor number (contact ISC help desk for validation)
All next day urgent payment requests will be posted to SAP by the Corporate Accounting Accounts Payable Team no later than 4:00pm
All next day urgent checks will be available for pick-up at ECN 14th Floor by 3:00pm.

Please distibute this reminder within your organization.

Thanks in advance,

George