Enron Mail

From:clint.freeland@enron.com
To:joyce.dorsey@enron.com
Subject:Update on Sterling PATs
Cc:rastin@enron.com, gareth.bahlmann@enron.com, paige.grumulaitis@enron.com,who@velaw.com, johnna.kokenge@enron.com, jlynch@velaw.com, jeff.nogid@enron.com, kimberly.r.scardino@arthurandersen.com, sara.shackleton@enron.com, pushkar.shahi@enron.com, rya
Bcc:rastin@enron.com, gareth.bahlmann@enron.com, paige.grumulaitis@enron.com,who@velaw.com, johnna.kokenge@enron.com, jlynch@velaw.com, jeff.nogid@enron.com, kimberly.r.scardino@arthurandersen.com, sara.shackleton@enron.com, pushkar.shahi@enron.com, rya
Date:Tue, 20 Jun 2000 03:07:00 -0700 (PDT)

All -
Just a quick update on where we are with the Sterling PAT financing. We got
final word yesterday that Arthur Anderson would not give us the accounting
treatment we needed for the transaction, so we are currently looking at a
couple of modifications to the structure that may address their concerns.
I'll keep you posted on our progress, but at this point, there is not much
the team (aside from me and the accountants) needs to do.
CF