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Enron Mail |
So that we're all on the same page, Mike was successful with Williams. We =
have an invoice in hand for a $2,290,500 that covers the prepayment on Apri= l volumes. This has bought us some time on the November payment and L/C is= sues. At Rob Traband's request, information that JP Morgan needs to get co= mfortable with the L/C waiver amendment/agreement was sent over this aftern= oon (i.e., arbitration pleadings and "default" correspondence between PPEP = and Brazos, all of which has already been provided to JP Morgan, New York). RH -----Original Message----- From: =09Hill, Garrick =20 Sent:=09Tuesday, March 26, 2002 1:44 PM To:=09Mazowita, Mike; Parks, Joe; Vos, Theresa; Herrmann, Karen; Dhont, Mar= garet Cc:=09Bills, Lisa; Ward, Charles; Lyons, Dan; Sylvia Baker (E-mail); John B= . Tobola (E-mail) Subject:=09PPEP - Williams Gas Supply Issues I spoke with Rick Vicens at PPE about the gas scheduling problem we're runn= ing into as a result of JP Morgan's delay in getting back to us on the L/C = amendment/agreement (I have two calls into Rob Traband) as well as the new = issue that we're currently investigating with respect to the Williams gas s= upply invoice due in November. In light of the fact that nominations are d= ue tomorrow and it is unlikely that the L/C amendment/agreement will be com= plete (let alone the L/C itself), Rick Vicens agrees that PPEP should prepa= y April gas so as to buy time to get the L/C in place. Mike/Joe, please wo= rk together with Williams to determine the amount of the payment and coordi= nate with Theresa/Karen to get the wire out. With resepect to the Williams gas supply invoice due in November, Rick Vice= ns agrees that if we do conclude that PPEP paid ENA and ENA did not forward= funds to Williams, PPEP will need to make the supplier whole (like it did = Lone Star). He'd like to hold off on making the payment until we have all = of the facts, provided that this doesn't interfere with our ability to flow= gas to the plant as required. Mike, you're in the best position to feel o= ut Williams and advise us on this one. Please try to get them to accept th= e prepay as a good faith effort to resolve the outstanding requests until w= e can finish investigating the payment history and lining up the L/C. Let = them know that if our investigation indicates that they've been shorted, th= e project is committed to making them whole and has the cash to do so. The= resa/Karen, as you're setting up the wire on the April prepay please keep i= n mind that if Williams pushes back, we may need to increase the amount of = the wire to make them whole for the amount due in November. Margaret, please include in your review amounts paid to ENA by PPEP (part o= f the estimated payment shown in the spreadsheet you received yesterday) fo= r supply costs incurred by PPEP under its agreement with Apache ($1,488,620= ). We suspect that the fact pattern will be the same and wish to be prepar= ed when the supplier starts to take us down that road. Lisa, Chuck, Dan, Sylvia and John, this is being sent to you as an FYI. Thanks, RH -----Original Message----- From: =09Hill, Garrick =20 Sent:=09Monday, March 25, 2002 4:22 PM To:=09Mazowita, Mike; Herrmann, Karen Cc:=09Dhont, Margaret Subject:=09FW: Outstanding Williams Invoice Check that, James paid $3,125,227.76 to ENA in November per the attached. =20 I spoke w/Margaret Dhont in Settlements who will look further into the amou= nt that came into vs. what was was paid out by ENA in November relating to = the Cleburne facility. She should be getting back to us tomorrow morning. [Margaret, for your reference, the asset goes by Tensaka IV, Cornhusker, Cl= eburne and Ponderosa Pine Energy internally.] RH =20 -----Original Message----- From: =09Hill, Garrick =20 Sent:=09Monday, March 25, 2002 3:24 PM To:=09Mazowita, Mike Cc:=09Herrmann, Karen Subject:=09RE: Outstanding Williams Invoice James was making estimated payments each month for current month activity a= nd the prior month's reconciliation to actual invoices. To that end, he pa= id $3,715,582.50 for November 2001, the month the amount shown below was du= e, directly to ENA per the attached. That's the same month the $108,405 Lo= ne Star Invoice was due, which we know he had to remit to Lone Star after t= he bankruptcy (effectively "double paying" the invoice). Since this didn't= come up before he left, I think we can be reasonably certain that he didn'= t pay the amount shown to Williams. The question is did Enron remit the pa= yment to Williams? Like you, I'm afraid to get the answer. Is there a way= to determine if we have a similar problem on Apache??? << File: Plant-ENA Gas Recon.xls <<=20 -----Original Message----- From: =09Mazowita, Mike =20 Sent:=09Monday, March 25, 2002 3:04 PM To:=09Hill, Garrick Subject:=09FW: Outstanding Williams Invoice I think I found another unpaid invoice. Trey Skelton called me and said acc= ording to their records, this invoice has not been paid. This is not good. = Theresa Vos is out today and Karen Herrmann is diligently looking to see if= this was paid directly to Enron. Like it would matter anyway... Maz -----Original Message----- From: =09Herrmann, Karen =20 Sent:=09Monday, March 25, 2002 11:35 AM To:=09Mazowita, Mike; Vos, Theresa Subject:=09RE: Outstanding Williams Invoice I've scoured the bank statements for Tenaska and Ponderosa Pine and don't s= ee where this amount was ever paid. We do have the invoice, though. -----Original Message----- From: =09Mazowita, Mike =20 Sent:=09Monday, March 25, 2002 10:44 AM To:=09Vos, Theresa; Herrmann, Karen Subject:=09Outstanding Williams Invoice Theresa or Karen: Can you look into this invoice for Williams: =09Williams Energy =09Gas for Ponderosa Pine Energy =09$2,226,962.50 =09Due Date:=09November 26, 2001 =09October 2001 - Gas Deliveries? A FED ID number is really what I'm looking for. Thanks, Mike
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