Enron Mail

From:hodges@enron.com
To:john.lavorato@enron.com
Subject:FW: Detail on Argentina Leasehold Improvements
Cc:
Bcc:
Date:Fri, 27 Apr 2001 07:44:07 -0700 (PDT)



-----Original Message-----
From: Hodges, Georganne
Sent: Friday, April 27, 2001 9:42 AM
To: Lavorato, John
Cc: Colwell, Wes
Subject: FW: Detail on Argentina Leasehold Improvements

John,
The third tab in this file contains the information that you requested on Argentina leasehold improvements. It appears that the majority of the $3Million in cost actually relates to the purchase of the floor rather than improvements to it. It seems that in order to apply for a power marketing certificate we needed to hold assets in Argentina. I understand that they are now looking into selling our floor and leasing back only the space that we need.

-----Original Message-----
From: Pierce, Jody
Sent: Friday, April 27, 2001 8:15 AM
To: Hodges, Georganne
Subject: South America Balance Sheet



3rd Tab is Argentina.

By the way, Brazil's leasehold is being amortized over 5 years.

JP