RE: P&L Impact of Volumetric True-Up

Michael -

Are these changes in the forward volumes (unrealized losses). Can you explain the reason for these adjustments? How much more exists that we need to address?

Thanks,
Rogers

From: John J Lavorato/ENRON@enronXgate on 05/22/2001 07:28 AM
To: Rogers Herndon/HOU/ECT@ect
cc:
Subject: RE: P&L Impact of Volumetric True-Up

20 Million !!!!!! Is this back money or forward money. Why did the volumes change so much.

-----Original Message-----
From: Herndon, Rogers
Sent: Monday, May 21, 2001 6:53 PM
To: Lavorato, John; Presto, Kevin
Subject: P&L Impact of Volumetric True-Up

FYI

---------------------- Forwarded by Rogers Herndon/HOU/ECT on 05/21/2001 06:52 PM ---------------------------

Wade Stubblefield@EES
05/21/2001 05:35 PM
To: Rogers Herndon/HOU/ECT@ect
cc:
Subject: P&L Impact of Volumetric True-Up

FYI
---------------------- Forwarded by Wade Stubblefield/HOU/EES on 05/21/2001 05:35 PM ---------------------------

Enron Energy Services From: Michael Kim 05/21/2001 03:20 PM Phone No: 713-853-1902

To: Neil Hong/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Wade Stubblefield/HOU/EES@EES, Don Black/HOU/EES@EES
cc:
Subject: P&L Impact of Volumetric True-Up

We have re-priced Suiza, Packaged Ice, and Arch of Chicago with updated volume information from our billing system. The impact is as follows:

The impact will be recognized on the DPR and G/L, pending Accounting Department's "green light."

Thank you.

Best regards,

MSK

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