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I understood that the approx. selling price was $58 mm (which is the Enron
book value after the write downs). Would there be a reason that EOTT would not include that investment in their calculations to get to their desired return? There may be something about the commodity deal I don't understand. I will get a meeting with all of us so we can decide what to do. -----Original Message----- From: Shankman, Jeffrey A. Sent: Wednesday, June 06, 2001 8:35 AM To: Colwell, Wes Cc: McConnell, Mike Subject: Wes, according to your voicemail this morning, you said the 14% return we were giving EOTT was due to the way we've written down the plant. In fact, that is not the case. It is due to our ability to imbed a 14% return due to commodity prices and spread values. It has nothing to do with the plant, as I know the deal to be. Thanks for the info. Jeff
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